Category Archive: Finance
Billion Dollar Unicorns: Nutanix Making A Comeback
Photo Credit: Jared and Corin/Flickr.com Till earlier this year, there was concern if hyperconverged storage provider Nutanix (NASDAQ: NTNX) could manage to sustain its Billion Dollar Unicorn status. But recent quarterly results and its strategic moves suggest that the company may be back on track. Nutanix’s Financials Nutanix’s fourth quarter revenues grew 62% over the year to $226 million, ahead […]
Yes, Getting Rid Of The Debt Ceiling Is Smart
There are reports going around this morning that Trump wants to eliminate the debt ceiling. Here’s what I said about this 5 years ago: As a fully autonomous currency issuer the US government has no legitimate limit in its ability to finance its own spending. There is no such thing as the USA not being able to make a […]
5 British Stocks To Profit From A Weak Pound Sterling
On Aug 31, Michel Barnier, the EU’s chief negotiator at the Brexit talks expressed concern over the lack of “decisive progress” on major issues. And this uncertainty on Brexit negotiations has begun to weigh on Britain’s economy and the pound sterling. The pound sterling has lost nearly 7% versus the euro till now this year, […]
GBP/JPY Elliott Wave Analysis – Thursday, September 7
Bearish trend is present in GBP/JPY currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of GBP/JPY currency pair is going to drop now on a short-term basis to create a Bearish Zig Zag Elliott wave pattern and Spot Forex traders […]
Acadia Diamond
I’ve mentioned this in passing earlier, but I want to point out once again the well-formed diamond topping pattern in Acadia Pharmaceutical.
Recapping The ECB Comments With Moves In Currencies And Treasuries
(Audio length 00:09:27) After Mario Draghi did not provide us with any forward guidance on the ECB’s QE program we are seeing some big moves in the Euro and USD. Chris Temple joins me to recap the comments from Draghi and the moves in the markets. Now all eye’s shift to the Fed and if […]
Panic Buying Of Gasoline In Florida, 40% Of Miami Stations Out Of Gas: Blame Anti-Gouging Laws For Shortages
As Hurricane Irma nears Florida, everyone is in a rush to fill up their tanks. About 40% of the gasoline stations in the Miami-Fort Lauderdale region are now without fuel. Floridians have turned to the Crowd-Sourced ‘Gas Buddy’ App to determine which stations still have gas. The above image from the web version of Gas Buddy Tracker. Zoom into the […]
Object Lesson: War On Cash Backfires On India’s Economy
Indian Prime Minister Narendra Modi launched a surprise attack on cash in late 2016. He gave Indians a few days to convert the two largest denomination bills then circulating to bank deposits, after which point any undeposited notes would become worthless. The move was intensely controversial. Transactions completed using cash represented the vast majority of […]
FireEye Rallies After Morgan Stanley Upgrades Shares
The shares of IT security company FireEye (FEYE) are jumping after Morgan Stanley upgraded the stock to Overweight from Equal Weight. As reasons for the upgrade, the firm cited the convenience of the company’s new Helix solution, the “stabilization” shown by its second quarter results, and the upbeat checks conducted by the firm. HELIX: The […]
Berkshire Hathaway Stock Hit By Natural Disaster
The U.S. stock market was closed on Monday this week due to the Labor Day holiday. But when it opened on Tuesday major indexes tumbled by more than 1% in a single trading session. The Dow Jones industrial average fell by 234 points, posting its worst day since August 17. Financial stocks saw their steepest decline […]
