Category Archive: Finance
J.P.Morgan And Canaccord Genuity Are Confident That Vertex Pharmaceuticals Incorporated’s CF Drug Will Receive FDA Approval
On May 12, the FDA advisory committee recommended that the FDA approve Vertex Pharmaceuticals’ (NASDAQ: VRTX) Orkambi therapy to treat cystic fibrosis. Shares of Vertex increased nearly 8% in pre-market trading following the announcement. The FDA advisory committee provides the FDA with independent sources verifying the safety and efficacy of the new therapies. The FDA has […]
Zillow (Z) Q1 Loss Wider Than Expected; Revenues Fall Short
Zillow Inc. (Z – Snapshot Report) reported first-quarter fiscal 2015 adjusted loss per share (excluding all one-time items but including stock based compensation expenses) of 42 cents, wider than the Zacks Consensus Estimate of a loss of 38 cents. Adjusted loss also widened from the year-ago loss of 16 cents per share. Zillow Inc. – Earnings Surprise | […]
Macro Markets Risk Index: U.S. Trend Steady At Moderate Pace
Macro Markets Risk Index: US Trend Steady At Moderate Pace The US economic trend remains moderately positive as of early May, based on a markets-based estimate of macro conditions. The Macro-Markets Risk Index (MMRI) closed at +6.7% yesterday (May 12), a middling value relative to the benchmark’s range for the year so far. The moderately […]
Dollar-Bloc Firms, While Stabilization Of Bond Markets Lifts Equities
Equities and bond markets are mostly trading higher today. The dollar is little changed against the euro and yen but is softer against the dollar-bloc. Sterling extended is a post-election rally with the help of a gain in average weekly earnings, but returned offered after a somewhat more dovish BOE Quarterly Inflation Report. […]
Tesla To Modify Vehicles To Meet Chinese Charging Standards
Tesla Motors, Inc. (TSLA – Analyst Report) will modify its vehicles for China according to the country’s charging standards, per media reports. The Chinese standards are currently being set and Tesla is part of this process. The time frame for the implementation of the standards is not certain as of now. Once the standards are set, the automaker […]
WTI Crude Oil Shows Serious Strength
The WTI Crude Oil market rose during the session on Tuesday, clearing the $60 level easily. Because of this, I believe that this market is getting ready to break out to the upside and perhaps grinding out a sigh and $70 over the course of the next couple of weeks. I believe that short-term traders will continue […]
4 Dividend Aristocrats Could Be In Serious Trouble
As an income investor, you’ve probably heard of the illustrious “Dividend Aristocrats.” These 54 companies have continuously raised their dividends over the last 25 years or more. And because dividend growth – not just yield – is critical for achieving outperformance, the Aristocrats are popular investments for income seekers. But some of these regal companies […]
The Euro & The Press
It is typical how much of the European press is saying the Euro decline is over and a Greece default will not harm Europe. This seems to be the standard propaganda from government that comes out with every serious change in trend be it Japan in 1990 to the US 1929 Bubble where it was […]
Presenting Spain’s “Part-Time” Recovery
Spain’s economic data lost all credibility once the local bureau of economics, statistics and other goalseeked numbers decided to arbitrarily start adding what it estimated was the “contribution” from not only local drug dealers but also hookers. No surprise then that the government has proudly declared quarter after quarter that Spain is one of Europe’s most boom economies. […]
Small Business Optimism Rises, But Sales Expectations Remain Weak
The latest issue of the NFIB Small Business Economic Trends is out. The update for April came in at 96.9, a 1.7 point increase from the previous month. The index is now at the 33rd percentile in this series. The Investing.com forecast was for 95.8. Here is the opening summary of the news release. The Small Business Optimism Index […]
