Category Archive: Finance
Dovish Draghi Defers Taper, Stimulus Exit; Euro Bulls Undeterred
At this morning’s European Central Bank rate decision, market participants walked-in with the legitimate prospect of hearing how the ECB may look to taper their asset purchase program ahead of the designated end date of December 2017. Throughout this year, European economic data has remained strong, further highlighting signs of recovery in the Euro-Zone and […]
Northwest Biotherapeutics, Bristol-Myers Squibb: Success For The Yervoy-Opdivo Combination
The stoppage at an interim analysis of Bristol-Myers Squibb’s’ CHECKMATE-214 trial provides meaningful information into assessing the potential fro success of Northwest Biotherapeutics’ phase 3, DCVax-L trial. CHECKMATE-214 compared a combination the immunotherapy drugs Opdivo and Yervoy to Sutent (standard of care) in previously untreated, advanced or metastatic renal cell carcinoma (RCC). The trial was […]
What Wage Growth? Unit Labor Costs Decline Despite So-Called “Tight Labor Market”
Despite all the hope for higher incomes spewing from within the various soft-surveys of individuals and businesses across America, Q2 saw unit labor costs decline 0.2% year-over-year – the second YoY drop in the last 3 quarters. Despite all the great news about lowe eunemployment rates and solid payrolls prints, aggregate unit labor costs for America are […]
EURUSD: Pressure Builds Up On The 1.2069 Zone
EURUSD: With the pair seen rallying strongly on Thursday, further bullishness is likely in the days ahead. Resistance comes in at 1.2069 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its […]
Investor Sentiment Improves From Depressed Levels
In last week’s update on investor sentiment, we noted that the extremely depressed levels of bullishness that we saw in the latest AAII survey seemed “a bit overdone.” In this week’s update, we did see an improvement in optimism, but overall, sentiment remains muted at best. In this week’s survey, bullish sentiment increased from 25.0% up to 29.28%. So, […]
JPMorgan Sees $24 As Ceiling Not Floor For GE Shares
In a research note titled “Preparing For The Fall: It’s Worse Than We Think.”, JPMorgan analyst C. Stephen Tusa says he remains negative on General Electric shares with a $22 price target and Underweight rating. The analyst now views $24 per share as a “ceiling as opposed to a floor prior,” and a stock in […]
Gold – Mother Of All Bullish Patterns Formed?
Six years ago this week, the Power of the Pattern shared that “Gold could be flat to down for years to come!” See Why the Power of the Pattern felt this way. See Post Here Below looks at the performance of Gold, Silver, GDX and GDXJ since the post on 9/1/11- Could the struggles of the […]
Euro Surges As Draghi Speaks, GDP Outlook Revised Up, Inflation Path Down
Having kept the bits about increasing QE in “size and duration” unchanged in the statement, Draghi will now try and finesse things in the press conference. “If they had removed the part of scaling up, then the euro would have become stronger, and he is trying to avoid that,” Danske Bank A/S analyst Jens Peter […]
How Will Earnings Quality Issues Impact The Company’s Share Price?
Given that Gradient Analytics’ research is primarily focused on forensic accounting, this common client question falls into our sweet spot. However, the link between earnings quality concerns and share price underperformance can be difficult to assess for two reasons: Investors and sell-side analysts tend to focus their attention on the income statement, but there is […]
Missouri AG Hawley Targets Mallinckrodt’s Opioid Sales
The United States has an opioid epidemic and drug manufacturers like Mallincikrodt (MNK) are right in the middle of it. Last week Missouri Attorney General Josh Hawley expanded its opioid marketing investigation to seven companies, including Mallinckrodt: Missouri Attorney General Josh Hawley continues to widen his investigation of opioid manufacturers, today announcing the issuance of […]
