Category Archive: Finance
A Murky IPO In Store For Cloudera?
Cloudera (Pending:CLDR) filed an S-1 with the Securities and Exchange Commission for its initial public offering. The company intends to offer 15 million shares at a price range of $12 to $14. It has an additional 2,250,000 shares over-allotted as an option for its underwriters. The underwriters for the offering are Morgan Stanley, J.P. Morgan, […]
U.S. Dollar Rollercoaster: Greenback Records Sixth Drop In Seven Days
It has been a volatile six weeks for the U.S. dollar. After rebounding from four-month lows, the U.S. currency has declined in six of the past seven sessions. The declines accelerated on Tuesday as geopolitical risks and a surging British pound weighed on the world’s most popular currency. The dollar index, a weighted average of […]
Oil Falls Below $50 Per Barrel Again… What’s Next?
Oil has been a hot topic of discussion for some time now. Ever since the global oil supply glut hit the limelight nearly 3 years ago, the price of oil has been at devastating lows. Last year and early this year, it was hoped that OPEC supply cuts would help to increase the price of […]
US Dollar Gains As Tax Plan Hopes Rekindle Trump Trade
The Australian and New Zealand Dollars continue to sink as a recovery in Fed rate hike bets continued to weigh against rate spread-sensitive currencies, extending yesterday’s trade dynamics. Appropriately enough, the US Dollar outperformed, with the benchmark unit tracking Treasury bond yields upward. The markets interpreted the outcome of the first round of the French presidential election as neutralizing a potent risk […]
Le Pen Is The Last Thing Standing Between Equity Bulls And The Promised Land
The Trump-flation narrative has driven U.S. stocks to valuations last seen in the tech bubble. On a relative value basis, Europe is a bit more appealing. As a result, hedge funds have been increasing their equity exposure to Europe since early 2017. The Fed is also in the middle of a rate hiking cycle while […]
E Market Briefing For Wednesday, April 26
Sequential breakaway moves by the S&P 500 must be respected, while they are also (on-top of high valuation levels) a blow-off completion move capable of occurring. With the market advancing above the ‘pivot’ level we’d outlined there’s no disappointment, there’s just a sober view of what this is, and what this is not. What this […]
Global Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn To Trump Tax Plan
After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed ahead of Trump’s big unveil of his much anticipated tax cut plan as investors seek new impetus for a flagging […]
If You Own Just One Pharma Stock, Make It This
As I’ve said before, buying a drugmaker stock with true billion-dollar “blockbuster” potential is like grabbing a license to print money. Of course, it’s always at least possible to grab these shares on their way up, but that’s a little like fixing the barn door after the horses have bolted. For the biggest possible pharma […]
Dollar Stabilizes Ahead Of Trump And ECB
The US dollar was marked down in response to the French election and saw some follow through selling yesterday, but the momentum had slowed, and now it is stalled. The greenback is posting upticks against nearly all the major currencies. There is a good reason to be cautious. We have mentioned it before, but think it is important that speculator […]
Above The 40 – The S&P 500 Follows Through And Scratches Overbought Levels
AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish CommentaryThe French Fly continued apace as financial markets continued to celebrate. In The French Fly, I failed to post a chart of the iShares MSCI France (EWQ). […]
