Category Archive: Finance
Commercial Bank RBB Bancorp Prepares For IPO
LA-based commercial bank, Royal Business Bank (RBB) will make its market debut on Wednesday (7.26) and expects to raise 82.8 million pricing its shares between $22 and $24. The bank is offering 2.1 million shares with 892,000 shares being offered by selling shareholder. The company intends to contribute approximately $25 million of its net proceeds […]
Drop In Existing House Sales In The US Amid Supply Fears
The sales of existing houses in the US dropped by 1.8% for June to an annual base of 5.52 million houses, from 5.62 million the previous month. This was way below expectations which were at 5.58 million houses, and the 2nd lowest reading for 2017, although there is still an 0.8% increase in sales. Potential […]
Oil Prices Remain Steady In Early Trade
Oil prices remained near eight-week highs on Wednesday morning after data released on Tuesday by the American Petroleum Institute showed that U.S. crude stockpiles declined by 10.2 million barrels last week even as refineries increased output. This sharp decline in stockpiles far surpassed analyst expectations of a 2.6 million barrel decline. Oil prices were buoyed […]
2017- Q3 Starts With Faster Pace For Dividend Cuts
It’s still early in the third quarter of 2017, but compared to the third quarter of a year ago, distressed U.S. firms experiencing distress are cutting their dividends at a slightly accelerated pace. Compared to the two previous quarters of 2017 however, 2017-Q3 is seeing a faster pace of dividend cuts than 2017-Q2 did, but […]
7 Tech ETFs On Radar Ahead Of Facebook Q2 Earnings
Social media giant Facebook (FB – Free Report) is set to release second-quarter fiscal 2017 results on July 26 after market close. After seven consecutive quarters of earnings and revenue beat, what is in store for the company in the Q2 reporting cycle? Investors should note that Facebook has had an impressive run so far this year, […]
NAFTA Equities: More In Difference Than In Common
In a recent report I was prompted to look at the NAFTA economies and equity markets. A key reason was the Canadian rate hike that had the Bank of Canada joining the US Federal Reserve and Banco de Mexico on the rate hiking path. But aside from being exposed to a certain common political risk, and sharing geographic […]
The Death Cross Of Central Bank Credibility
With no expectations of a rate-hike this week, and traders rapidly giving up on The Fed’s dream of a steadily higher rate trajectory, a funny thing happened in the markets… In the eyes of The Fed, their monetary policy has not been this ‘tight’ since October 2008. However, in the eyes of the market, financial conditions just hit […]
USD/JPY Break Or Bounce At 112.50 Resistance Of Wave 4
USD/JPY 4 hour The USD/JPY has broken above the resistance trend lines (dotted) after completing wave 3 (orange). The bullish price action could still be part of a wave 4 (orange) as long as price stays below the 61.8% Fibonacci level. 1 hour The USD/JPY could be building an ABC (purple) correction within wave 4 […]
Gold Slips Ahead Of Fed Statement
Gold prices fell $5.03 an ounce on Tuesday as equities gained and the dollar rallied after the Conference Board reported that its consumer confidence index jumped to 121.1 from 117.3 the prior month. The support at 1250 initially held yesterday but finally was broken. Consequently, XAU/USD retreated to test the 1247/6 as anticipated. Focus is […]
Redfin IPO, Tech Company Changing Real Estate Industry
Real estate brokerage Redfin Corp. (Pending:RDFN) filed an S-1/A with the Securities and Exchange Commission detailing its upcoming initial public offering. The IPO is expected to place on Friday, July 28. Since its launch in 2004, Redfin has grown to be the #1 visited brokerage site in the US. Through its IPO, the company aims to raise […]
