Category Archive: Finance
EURGBP Weakens, Eyes More Decline Towards 0.8800 Zone
EURGBP- The cross remains biased to downside as it reversed its previous week gains to close lower on Friday. Support lies at the 0.8800 Level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Resistance resides […]
Back To The Future
Here’s something to think about (excerpted from my latest over at DealBreaker called “Amazon Is Cheap At Any Price, Say Carnivorous Animals“): Amazon is the poster child for a consensus view about “world-changing” companies. That consensus is basically that no price is too high when it comes to staking your claim on a share (figuratively […]
Aryeh Capital Management’s Thesis On Servicemaster
Aryeh Capital is bullish on Servicemaster Global Holdings Inc. (NYSE: SERV) a $6 billion dollar company whose stock is up 18.5% year-to-date. Per Aryeh, Servicemaster Global Holdings Inc. which has three segments is made out of respectively: ServiceMaster is a collection of three somewhat disparate businesses. The first is Terminix, a high-quality termite and pest-control company that is the market leader in the […]
3 ETFs To Buy As New Home Sales Surge
After losing momentum in August, new home sales in the United States turned around. Sales of new U.S. single-family homes suddenly grew in September, touching the highest level in about 10 years, and defying economists’ expectations of a 0.9% decline. The percent sales surge was the highest since January 1992, as per CNBC. Notably, new home […]
Investors Pummel Celgene
Celgene (CELG) reported Q3 earnings Thursday and it did not go well. Investors did not like what they heard and pummeled CELG, driving the stock down over 15%. The company missed on revenue by $120 million, but delivered an earnings beat. Below are three reasons why I believe the stock sold off. Weak Guidance Managing […]
Market Outlook: Bulls Are Running
It was another solid week on Wall Street as investors digested a slew of earnings and economic data. The major indices overcame a mid-week sell-off and ended higher after several well-known tech stocks reported strong numbers and GDP beat estimates. Buyers showed up on Friday after Alphabet, Amazon, and Microsoft were some of the well-known stocks […]
EC All-Around Strength In Q3 Earnings Season
We are past the halfway mark in the Q3 earnings season, with results from 54% of the S&P 500 members already out. This reporting season has turned out to be very good, further strengthening the narrative of a favorable earnings backdrop that has been in place over the last few quarters. The Technology sector became […]
Tesla Inc Stock Skids On Model 3 Warning, Analyst Downgrade
Tesla Inc (Nasdaq:TSLA) stock tumbled to its lowest level in months after one analyst downgraded it and an Asian publication reported that the company canceled some of its orders for Model 3 parts. Clearly the company has a lot of explaining to do next week on the earnings call after it releases its third-quarter results. […]
One Trader Asks: ‘What Does Draghi Know That We Don’t?’
As you probably/hopefully noticed on Thursday, the DAX hit a record following the announcement of the ECB taper and unquestionably, one reason why is because by slapping a dovish bow on an announcement about paring back asset purchases, Draghi managed to drive the euro lower, thus supporting European equities. But just because everyone heard what […]
