Category Archive: Finance
Stock Market Performance By Presidential Administrations
It is leap year and Wall St. is having its usual discussion of which candidate will be better for the stock market. I do not know, but it is interesting to look at the historic record. Starting with Truman makes a good comparison as Republican and Democrats have served almost the same number of years […]
A Yen For Yen
Today’s big reversal to the upside in stocks across the board can be explained with three letters: O, I, and L. As I’m typing this, crude is up over 5%. Of course, market pundits love oil, because they use it to explain equity strength irrespective of direction. If oil is up, then that shows the […]
Silver Jewelry Sales Strong, Reflecting Broader Demand For The White Metal
The market for silver jewelry grew in 2015, mirroring an overall surge in demand for the white metal, according to a survey report released yesterday by the Silver Institute: Silver jewelry sales in the United States were solid in 2015 with 60% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the […]
Pfizer – Allergan Deal’s Cancellation Loses Investment Banks Millions
Pfizer (PFE) and Allergan (AGN) announced that they’re canceling their planned merger because of new tax limitations on inversion deals, and this is apparently hitting the investment banks that were handling the transaction to the tune of $350 million. The merger between the two drug companies was estimated to be the biggest deal ever, and in a […]
4 Sector ETFs At A Bargain
A string of woes hurt the U.S. market momentum in the first quarter of 2016 with the S&P 500 barely adding gains thanks to global growth issues and persistent worries in the oil patch. Many, including the Republican favorite for president, Donald Trump, believe that the U.S. economy may bump into a recession due to […]
Healthcare Almost To Target
Here’s the XLV weekly chart again. It’s closer still to the top channel line. The daily view is kissing the SMA 200. I sold XLV but still hold my fair haired boy, device maker Boston Scientific. This is not to say XLV has to stop here, but the target was 70 and that’s […]
E Seeing Red Flags Everywhere
During Operation Desert Storm in 1991, Central Command asked me to fly a top secret mission to Lebanon in my twin engine Cessna 340. Mission accomplished, I flew home on a 270-degree heading over the Eastern Mediterranean at an altitude of 200 feet, in order to stay under the radar. It was a warm, hazy […]
TSRO Gains On Agreement With Janssen JNJ
Tesaro (TSRO) shares have risen sharply in early trading today after the company signed a license and collaboration deal with Janssen Biotech (JNJ). Through the agreement, Janssen has secured worldwide rights, excluding Japan, to develop and commercialize poly polymerase (PARP) inhibitor niraparib for the treatment of prostate cancer. According to the terms of the agreement, […]
Global Upstream Oil & Gas M&A Reaches Just $18.5 Billion In Q1 2016
Analysis in Evaluate Energy’s new M&A report shows that Q1 2016 saw the lowest number of newly announced M&A deals in the global upstream oil and gas sector – 157, excluding licensing rounds – take place than at any time during the price downturn. The previous lowest number of deals was recorded a year earlier in Q1 […]
Verizon To Acquire 24.5% Stake In AwesomenessTV
Verizon (VZ) announced it has entered into an agreement to purchase an approximate 24.5% stake in AwesomenessTV. Upon completion of this transaction, the AwesomenessTV multi-platform media company will be valued at approximately $650M. DreamWorks Animation (DWA), which acquired AwesomenessTV in 2013, will remain the company’s majority stakeholder with an approximate 51% ownership of outstanding shares, while […]
