Category Archive: Finance
August 2017 Initial Unemployment Claims Rolling Average Marginal Improvement Continues
The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 234 K to 240 K (consensus 236,000), and the Department of Labor reported 234,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 240,500 […]
Paratek Pharmaceuticals, Inc. (PRTK) Catches Eye: Stock Up 27.3%
Paratek Pharmaceuticals, Inc. (PRTK – Free Report) was a big mover last session, as the company saw its shares rise over 27% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $18.90 –$22.90 in […]
Tiffany & Co. Reports Modest Net Sales Increase & Improved Operating Margin For Q2; Maintains Guidance For FY’17
Written by Lorimer Wilson Tiffany & Co. (NYSE:TIF) today reported modest net sales increases and improved operating margins contributed to growth in diluted earnings per share for the second quarter ended July 31, 2017 and management maintained its sales and earnings guidance for the full year. About Tiffany Tiffany, a jeweler founded in New York […]
Existing Home Sales Slump To 11-Month Lows; NAR Warns “Prices Are Rising Way Too Fast”
For the first time since 2015, existing home sales fell in back to back months (-2.0% in June, -1.3% in July), dramatically missing expectations of a 0.5% bounce. Following the plunge in new home sales, existing home sales tumbled to their lowest SAAR since Aug 2016 as inventories dropped mdoestly (and home prices rose 6.2% YoY) The […]
US Existing Home Sales Miss With 5.44 Million – USD Ticks Down
A small miss: 5.44 million against 5.57, a drop of 1.3% instead of an expected rise. The data is not shocking, but enough to push the greenback a few pips lower. A significant follow-through seems unlikely. Markets are taking it easy, waiting for the bigger event which is the Jackson Hole Symposium at Wyoming. Sales […]
The Fear Of Asset Bubbles In FX Markets
Mean reversion is “a concept of normality,” where extreme events can cause an asset to diverge from its long-term averages. For Deutsche Bank Foreign Exchange Macro Strategist Sebastien Galy, the theory of mean reversion works, so long as the underlying economic principles that exert the law of gravity on currency prices don’t change. Looking at currency markets, however, Galy […]
The Top 5 Food And Beverage Dividend Stocks Today
The food and beverage industry enjoys several qualities that make it a good source of dividend growth stocks. First, is the simple reality that everyone has to eat and drink. The strongest food and beverage companies capitalize on this, through steady demand and pricing power. Their incredible stability lets them pay dividends, and increase their […]
Financials Struggling To Find Its Footing Still, Energy Is In A Bear Flag Pattern
My Swing Trading Approach Neutral portfolio – I’ll go the direction the market decides to take today. Indicators VIX – Solid bounce today, but needs to break above the monthly highs to wrestle control from the sellers. T2108 (% of stocks trading below their 40-day moving average) – Breadth was poor yesterday for the bears and it […]
Another Week Of Sub 250K Jobless Claims
It used to be that a weekly reading for initial jobless claims that came in below 300K was a big deal. Nowadays, sub-300K readings don’t even raise an eyebrow as the new 300K is 250K. In this week’s report, first-time jobless claims came in at 234K compared to estimates of 238K. Not only is that […]
USD/CHF: Loses Upside Steam With Further Downside Threats
USD/CHF: With the pair continuing to hold on to its downside pressure despite its consolidation threats, more decline is envisaged. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and […]
