Category Archive: Finance
Cheetah Mobile Jumps 20% After Q2 Report, Revenue Recovery
Shares of mobile Internet company Cheetah Mobile (CMCM ) are higher at midday after announcing earnings this morning. The company reported second-quarter earnings per share of 21c on revenue of $166.8M. Analysts were modeling Q2 EPS of 9c on revenue of $155.22M. Sheng Fu, Cheetah Mobile’s chairman, and chief executive officer commented, “We are pleased […]
Student Loans Are Starting To Bite The Economy
Potential homeowners are being thwarted by the costs of paying off bills for higher education It’s that time of year when students prepare to head back to the classroom. For many taking the next step in higher education, the question is increasing, “Is it worth it?” Millions of millennials have already put off settling down because of […]
Turkish Lira Tumbles: SocGen Expects “Pain Threshold” Crash Pushing USDTRY To 8.00
With Turkish capital markets closed for a week-long holiday, traders expected last week’s Turkish Lira fireworks to remain subdued. And yet, after closing for trading at around 6.00 last Friday, the Lira has resumed its drop, and was trading as low as 6.20 against the dollar after an unknown driver fired shots at the US embassy in […]
Most Active Equity Options And Strikes For Midday August 20 – AAPL, AU, FB, BABA
Top tickers for midday: AAPL, AU, FB, BABA
Momentum Stocks Look Weak; Nvidia & Tesla Crater
Momentum – Stocks End The Week On A Positive Note Momentum – This week continued the streak of avoiding a 1% daily move in the S&P 500. However, it was a relatively topsy-turvy week for stocks as there were two pullbacks. The week ended up nicely since stocks were up on Friday. The S&P 500 […]
AUD/USD Price Outlook: Aussie Recovery Faces Major Resistance Hurdle
AUD/USD recovery targeting key resistance pivot at 7336– broader risk higher while above 7239 The Australian Dollar has rallied nearly 2% off the fresh yearly lows registered last week with the advance taking price into a critical pivot zone we’ve been tracking for months now at 7327/363. Here are the updated targets and invalidation levels that matter on the AUD/USD charts into […]
Cowen Says EA’s New ‘Battlefield’ Game ‘headed For A Rough Go’
Shares of Electronic Arts (EA) were marginally lower after a Cowen analyst said that the company’s upcoming war shooter “Battlefield V” appears “headed for a rough go”. ORDOMETER ANALYSIS: In a research note to investors, Cowen analyst Doug Creutz unveiled Cowen’s updated Ordometer analysis, which historically used Amazon’s (AMZN) best-seller data but transitioned this year […]
Tesla Doubts Grow: JPMorgan Cuts Target To $195
Analysts have increasing doubts about Musk’s ability to take Tesla private. The BBC reports Tesla Slips as Doubts Grow Over Elon Musk’s Take-Private Plan. Shares in the electric car maker are down more than a fifth since he revealed the plan in a tweet on 7 August. Some analysts predict Tesla still has further to fall: […]
A ‘Stealth’ Rate Hike From Turkey And A ‘Pick Your Poison’ Quandary For Europe
Turkish stocks managed to rise in a shortened session ahead of the holiday, but the lira fell as markets continue to ponder the outlook for a currency that’s beset by an exceptionally unfavorable fundamental backdrop and concerns about central bank independence. Back in May, in an effort to regain control of the currency after President Recep Tayyip […]
5 Hot Stocks In The Dow ETF Last Week
After being hurt badly by the Turkey crisis early last week, the Wall Street regained momentum to close the week on optimism over trade talks between the United States and China and signs of stabilization in Turkey. Notably, Dow Jones Industrial Average closed at its highest level since February. With abating geopolitical tensions, the bullish […]
