The Only Thing That Matters (Europe)
Feb 28, 2018
Jeremy Parkinson
Finance
Effective June 10, 2014, the European Central Bank cut the interest rate it paid on its deposit account to less than zero. That instrument in forming the floor for what is a money market corridor in European policy, it was the world’s first major NIRP experiment. Europe’s economy had by GDP been growing again for […]
TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View
Feb 28, 2018
Jeremy Parkinson
Finance
The TJX Companies, Inc. (TJX – Free Report) , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results wherein adjusted earnings of $1.19 missed the Zacks Consensus Estimate of $1.28. However adjusted earnings depicted an increase of 15.5% from the prior-year quarter. Adjusted earnings for fiscal 2018 increased 9.1% from the prior-year to reach […]
EUR/USD, GBP/USD Slip At Support As USD Touches Fresh February Highs
Feb 28, 2018
Jeremy Parkinson
Finance
US DOLLAR LOOKS TO CLOSE FEBRUARY ON A BULLISH NOTE The US Dollar continues to exhibit strength as we near the end of February. Here on the last day of the month, the Greenback has just touched-up to a fresh February high of 90.60, testing through the prior mark at 90.57; making for quite the interesting end […]
Endocyte Announces Pricing Of Public Offering Of Common Stock
Feb 28, 2018
Jeremy Parkinson
Finance
WEST LAFAYETTE, Ind., Feb. 28, 2018 (GLOBE NEWSWIRE) — Endocyte, Inc. (Nasdaq Global Market: ECYT), a biopharmaceutical company developing targeted therapeutics for personalized cancer treatment, announced today the pricing of an underwritten registered public offering of 17,857,143 shares of its common stock at a price to the public of $4.20 per share. In addition, Endocyte […]
Pending Home Sales Stumble In January
Feb 28, 2018
Jeremy Parkinson
Finance
This morning the National Association of Realtors released the January data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says pending sales took a noticeable step back to start 2018. “The economy is in great shape, most local job markets are very strong […]
Sterling Continues To Slide On Brexit Fears
Feb 28, 2018
Jeremy Parkinson
Finance
The Pound Sterling once again is under pressure as FX traders await the official release of the first draft of the document governing the Brexit transition. Earlier today, Michel Barnier, the EU negotiator, said that Theresa May’s government was holding tight to an “illusion” even as the clock winds down toward Britain’s withdrawal sometime next […]
Despite Soaring Demand, Lithium Prices Could Crash In Half
Feb 28, 2018
Jeremy Parkinson
Finance
At the end of 2017, Bloomberg Business-week published an article titled ‘We’re Going to Need More Lithium,’ which outlined the challenges currently facing the global lithium industry as demand for the rare earth has surged over the past few years thanks to a spike in demand for electric vehicles, which are now competing with laptops […]
January 2018 Pending Home Sales Seasonally Adjusted Index At Lowest Level In 3 Years
Feb 28, 2018
Jeremy Parkinson
Finance
The National Association of Realtors (NAR) seasonally adjusted pending home sales index fell significantly. Our analysis says pending home sales are in contraction. The quote of the day from this NAR release: … With the cost of buying a home getting more expensive and not enough inventory, some prospective buyers are either waiting until listings […]
S&P Tests Key Technical Support As Crude & Breakevens Plunge
Feb 28, 2018
Jeremy Parkinson
Finance
S&P 500 is testing back to its 50DMA as WTI prices and breakevens plunge to the lows of the day… Only Nasdaq is holding on to positive for now… As Breakevens plunge in an ugly echo of early Feb’s chaos… And WTI/RBOB prices are plunging…
Lowe’s Tanks On Earnings, Possible Short-Term Bottom
Feb 28, 2018
Jeremy Parkinson
Finance
Lowe’s Companies (LOW) fell 8% on Wednesday morning after a mixed earnings report. While the company beat on revenue and same-store sales, it missed by $0.13 on earnings per share (EPS). LOW reported adjusted EPS of $0.74 and total revenue of $15.49 billion, compared to the market’s expectations of $0.87 and $15.33 billion. Same-store sales […]