Category Archive: Finance
Fitbit Ionic Sales Off To A Good Start: Limited Launch Perspective Needed
The smartwatch battle recently began with the respective brand launches from Samsung, Apple (AAPL) and Fitbit (FIT). I chronicled the launch of these individual devices in an article titled Fitbit, Apple And Samsung Go Head-To-Head-To-Head With Smartwatches. In this article, I aim to deliver my thoughts with regards to how the Fitbit Ionic has been received […]
GBP/USD: Sterling In The Spotlight Ahead Of Carney, UK Inflation
GBP in the Spotlight This Week – Emphasis on Tuesday Of particular interest for this week is the British Pound. Tuesday especially should be busy, as we get a pivotal CPI print that will help determine just how likely a rate hike might be out of the Bank of England before the end of the year. Inflation […]
Nordstrom Plunges After Suspending ‘Going-Private’ Explorations
Nordstrom shares are tumbling in the pre-open (down over 5% to 3-month lows) as the company temporarily suspends its explorations for going-private, citing “difficulties in obtaining debt financing.” As Bloomberg reports, Nordstrom family plans to continue efforts after holiday season with management set to maintain focus on execution of business plan for year-end period. And the […]
Falling Productivity Of Debt, Gold And Silver Report
Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock market predictions. We talk about this phenomenon to make a different point. The discount rate has fallen to a very low level indeed. Discount in stocks is how you assess […]
Doc Copper Testing 6-year Breakout Level
Doc Copper has struggled over the past 6-years, as it has created a series of lower highs since 2011. Below looks at a chart of Doc Copper over the past decade. CLICK ON CHART TO ENLARGE Doc Copper has created a series of lower highs inside of falling channel (1) since the highs back in 2011. […]
2017 IPO Prospects: Spotify To Go Public Soon
According to Goldman Sachs, the music industry will hit $41 billion in revenue by 2030 driven heavily by streaming revenue. Benefitting from this trend is Billion Dollar Unicorn Spotify, which is reportedly gearing up for a direct listing. Spotify’s Journey Stockholm, Sweden-based Spotify was founded in 2006 by serial entrepreneur Daniel Ek and Martin Lorentzon. […]
Who Cares Who The Fed Chairman Is?
He who tries to borrow ‘money’ needs it solely for procuring other economic goods.” – Ludwig von Mises, The Theory of Money and Credit As is well-known now, President Trump is conducting a search for the next Federal Reserve Chairman. Naturally this has economists all riled up simply because the Fed employs more of the credentialed than […]
EUR/GBP Failed To Break Above 0.9045 Resistance
EUR/GBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting that the short term uptrend from 0.8746 is complete. EURGBP 4-hour Chart On the downside The EURGBP pair is […]
Cable Plummets On Report Brexit Talks Headed For “Catastrophic Breakdown” If No EU Compromise
Having traded near sessions highs most of the morning session, sterling suddenly tumbled (even if Gilts refused to move) following a Bloomberg report that the UK is said to see Brexit breakdown if the EU refuses to compromise. In immediate kneejerk reaction, GBP/USD plunged 50 pips, to session lows on fears that Theresa May’s visit […]
Empire State Manufacturing Survey: Activity Grew In October
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 30.2 was an increase of 5.8 from the previous month’s 24.4. The Investing.com forecast was for a reading of 20.7. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
