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Dropbox Set To Go Public At $6.7BN Market Cap, A Huge Haircut To Its Private Valuation

Dropbox Set To Go Public At $6.7BN Market Cap, A Huge Haircut To Its Private Valuation

Dropbox has filed the terms of its long-awaited IPO, according to which it aims to raise as much as $648 million, by marketing 36 million shares range from $16 to $18 apiece, resulting in valuation between $7 and $7.9 billion. Dropbox’s proposed market cap would be $6.7 billion, far below the $10 billion private company valuation that made […]
Sensex Ends Day 600 Points Higher; Bharti Airtel Leads Gains

Sensex Ends Day 600 Points Higher; Bharti Airtel Leads Gains

After opening the day in green, share markets in India witnessed a surge of positive trading activity throughout the day and ended the day on a strong note. Gains were seen across most sectors with stocks in the metals sector and stocks in the oil and gas sector, leading the gains. At the closing bell, the BSE Sensex stood higher […]
Orexigen Files For Chapter 11 Bankruptcy

Orexigen Files For Chapter 11 Bankruptcy

Orexigen Therapeutics  (OREX) announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Orexigen also intends to file a motion seeking authorization to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. The […]
Apple; Multi-Year Breakout Attempt In Play

Apple; Multi-Year Breakout Attempt In Play

Apple has been rather strong of late. Over the past 30-days, it has rallied over 12%. This gain was twice that of the S&P 500 during the same time frame and nearly 25% more than the NDX 100. This past week, Apple closed at all-time weekly closing highs. A breakout test is in play in […]
Morning Call For Monday, March 12

Morning Call For Monday, March 12

OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM18 +0.27%) this morning are up +0.33% at a 1-1/4 month high on positive carry-over from last Friday’s stronger-than-expected U.S. Fed jobs report. European stocks are up +0.52% at a 1-1/2 week high on gains in U.S. stocks along with upbeat comments from ECB Executive Board member Coeure who […]
Gold – Monday, March 12

Gold – Monday, March 12

Gold still consolidating its recent gains. We are waiting an exit from the range soon. Source: INVESTING.com
EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2

EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2

EUR/USD 4 hour The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend or downtrend. 1 hour The EUR/USD seems to have completed an ABC zigzag […]
US Stocks And REITs Top Last Week’s Winner’s List

US Stocks And REITs Top Last Week’s Winner’s List

Equities and real estate investment trusts (REITs) led most markets higher last week. Rebounding after a weak start to this month’s trading, nearly all the major asset classes posted gains in the first full week of March, based on a set of exchange-traded products. US stocks took the lead over the five trading days through Mar. 9. […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 12

WTI Crude Oil And Natural Gas Forecast – Monday, March 12

WTI Crude Oil The WTI Crude Oil market exploded to the upside, gaining 3% on Friday as the jobs number came out much stronger than anticipated. Ultimately, there is a significant amount of resistance above though, as the shooting star has shown signs of exhaustion a week ago. I think that the market should roll […]
An Inflation Indicator To Watch, Part 3

An Inflation Indicator To Watch, Part 3