Category Archive: Finance
Saudi Arabia Calls Off Aramco IPO, Disbands Advisors
Two years ago, when the Aramco IPO was first floated, bankers on Wall Street declared a week-long fee orgy: after all, the $1+ trillion IPO – the biggest in history – was going to result in an underwriting fee bonanza. However, it was not meant to be, and last October the first reports emerged that the IPO […]
Existing Home Sales Decline Fourth Month
Economists missed the boat again this month expecting a small rebound in existing home sales. Instead, sales fell 0.7%. Existing home sales came in at 5.34 million units seasonally-adjusted annualized (SAAR). The Econoday consensus estimate for home sales was 5.42 million units in a range of 5.39 million to 5.51 million. Thus sales were below the lowest […]
AT&T Slides As Wells Fargo Moves To Sidelines On Continued Pressure
Shares of AT&T (T) are slipping after Wells Fargo analyst Jennifer Fritzsche downgraded the stock to Market Perform, saying she believes the stock will be range bound over the near-to-medium term and Entertainment and Enterprise pressures may persist. Furthermore, the analyst highlighted that Time Warner brings a “brave new world of assets” to manage. MOVING […]
5 Great Large Caps – Wednesday, August 22
This morning I wanted to find 5 Large Cap stocks that had great returns over the last year and still seemed to have some stream left. I used Barchart to sort the S&P 500 Large Cap Index stock first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Today’s Watch List […]
The Three Largest Cryptocurrencies – Wednesday, August 22
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
The Three Largest Cryptocurrencies – Wednesday, Aug. 22
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
8 ETFs Up More Than 25% YTD
Braving all evils of emerging market and trade war fears, the S&P 500 index is on track to record the longest bull run in history. The benchmark is now up for 3,452 days and Aug 22 will mark 3,453 days since the S&P 500 hit its low of 666 on Mar 9, 2009. Since then, […]
Gold Price Outlook: XAU/USD Reversal Constructive Above 1180
Gold price reversal off slope support in focus- rally remains constructive above 1180 Gold prices have rebounded more than 3% off the yearly lows registered last week with the advance looking a bit vulnerable just ahead of structural resistance. Here are the updated targets and invalidation levels that matter on the XAU/USD charts heading into the close of […]
Housing Slump Within A Slump
July 2018 was another disappointing month in the housing market. Sales of existing homes, according to the National Association of Realtors (NAR), declined again last month. At a seasonally-adjusted annual rate of 5.34 million, it was the lowest level of resales in two years. Apart from the distortions last year in the aftermath of the […]
7 China-Based Stocks For High Growth At A Reasonable Price
Introduction China has rapidly become the second largest economy in the world – second only to the United States, and by some calculations the largest. As a result, China also has some of the fastest-growing publicly traded companies on the planet. Moreover, tariff negotiations between the United States and China have recently become a political […]
