Category Archive: Finance
Mallinckrodt – Chart Of The Day
The Barchart Chart of the Day belongs to the pharmaceutical stock Mallinckrodt (MNK). Mallinckrodt Plc. is engaged in pharmaceuticals business. It develops, manufactures, markets and distributes specialty pharmaceutical products and medical imaging agents. The company’s Specialty Pharmaceuticals segment includes branded and generic drugs and Medical Imaging segment includes contrast media and nuclear imaging agents. Mallinckrodt Plc. is based in […]
EUR/USD Bounce In Progress; Long At 1.1350
The USD ended little changed on Wednesday after reaching a 13-month peak against a basket of currencies. Upbeat figures on U.S. retail sales, manufacturing output and worker productivity supported the greenback and the view of steady U.S. economic growth. But USD sell-off during the North American session suggests a corrective move is due. This is […]
Applied Materials (AMAT) Beats On Q3 Earnings And Revenues
Applied Materials Inc. (AMAT – Free Report) reported robust fiscal third-quarter 2018 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate. The company’s pro-forma earnings per share (EPS) of $1.20 beat the consensus mark by 4 cents and came in at the higher end of the guided range of $1.13-$1.21 per share. Earnings were […]
A 20% Yield Guaranteed To Be Cut
When a reader suggested I look at Cornerstone Strategic Value Fund’s (NYSE: CLM) dividend safety, I was intrigued. It pays a 20% yield. That’s not a typo… 20%. The fund invests in growth and value stocks. Its largest holdings are Apple (Nasdaq: AAPL), Amazon (Nasdaq: AMZN) and Alphabet (Nasdaq: GOOGL). Apple pays a 1.4% yield. Amazon and Alphabet don’t pay a dividend. Neither does the fund’s […]
Nvidia (NVDA) Surpasses Q2 Earnings And Revenue Estimates
Nvidia (NVDA – Free Report) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.44%. A quarter ago, it was expected that […]
Conviction Is Low, On Both Sides Of The Table
In the grand scheme of things, it can’t be too terribly surprising. After all, it is the dog days of summer. Traders aren’t terribly interested, and somewhat distracted by all the other things that require attention as August starts to molt into September. It would be surprising if the market was throwing out serious fireworks. […]
Wall Street – Island Of The Blessed
Which Disturbance in the Farce can be Profitably Ignored Today? There has been some talk about submerging market turmoil recently and the term “contagion” has seen an unexpected revival in popularity – on Friday that is, which is an eternity ago. As we have pointed out previously, the action is no longer in line with […]
The Auto Business Is Overall Business
Automobiles have come a long way in two decades. The import craze of this latest bout of globalization was in the car business handed an open door by a lack of quality, or perceptions about a lack of quality. The domestic auto industry in the seventies and eighties really did not shine its brightest. By […]
Emerging Markets Crater 2.93%
Emerging Markets – Stocks Fall Back On Wednesday Emerging markets – Wednesday reversed the gains from Tuesday as the S&P 500 was down 0.76%, the Nasdaq was down 1.23%, and the Russell 2000 was down 1.29%. The VIX was up 9.99% to 14.64. The good news is the CNN Fear and Greed index fell to […]
SEC Is Probing If Musk Tweeted About Tesla Deal To “Crush The Shorts”
With every passing day, it is becoming increasingly likely that Musk’s “funding secured” tweet could end up the costliest in history, and could potentially land him, or others, in prison. Last week, before it was confirmed that the SEC had opened a probe into Tesla, by sending the company a subpoena inquiring into Musk’s actions, we […]
