Category Archive: Finance, No picture
J.C. Penney Drops As CFO Resigns Following Departure Of CEO, CCO
Shares of J.C. Penney (JCP) plunged in morning trading after the retailer’s Chief Financial Officer announced he is resigning after less than two years. The resignation follows the departures of the company’s former CEO and Chief Customer Officer earlier this year. On Thursday after the market close, J.C. Penney said CFO Jeffrey Davis is resigning […]
Pot Stocks & ETFs: Risks And Rewards
Pot stocks are soaring again. Shares of GW Pharmaceuticals (GWPH) surged yesterday after the company announced that the DEA had approved sale of a new cannabis derived drug for treatment of pediatric epilepsy. Earlier Tilray (TLRY) got DEA’s approval to import a cannabinoid study drug into the US. The stock, which IPOed on the Nasdaq […]
As The Third Quarter Ends, Largest US ETFs See Outflows
Talking Points: The S&P 500 boasted its best quarterly performance since Q4 2013, growing 6.58% Investors pulled funds from domestic ETFs as emerging markets rebounded and the Dollar climbed The NASDAQ tracking QQQ ETF saw inflows, contrasting the larger basket of funds As the week draws to a close, so too does the third quarter. Marked by robust strength in […]
Weekly Market Digest: Musk Sued By SEC, Fed Hikes Interest Rates
If you’re a market-focused investor, the big news this week was the Federal Reserve’s move to raise interest rates another 25 basis points, or 0.25%. This came along with messaging that indicated expectations of a fourth rate increase in 2018 with further rate raises expected in 2019. Also sharply in focus this week was the […]
The New AI Book That Investors Are Scrambling For
A better headline for this piece would be “The Future of You,” as artificial intelligence is about to become so integral to your work, your investment portfolio, and even your very existence that you won’t be able to live without it, quite literally. Well, do I have some great news for you. A blockbuster book […]
Agriculture Markets Report – Friday, Sept. 28
A review of the day’s trading in the agriculture markets. Video Length: 00:23:15
Monthly Closes For Gold But Look At Those Moves In Palladium
Gold is gaining a bit today but is still being held below some resistance at $1,194. Silver is getting a nice bounce but one market we have not talked about is Palladium. Palladium is up over 30% in the last two months. (Audio length 00:13:56)
Moving Averages: September Month-End Update – Friday, Sept. 28
The S&P 500 closed September with a monthly gain of 0.43% after a gain of 3.03% in August. All three S&P 500 MAs are signaling “invested” and three of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index (DBC) — are signaling “invested”. The […]
Italy Seeks To Abolish Poverty Via Bigger Deficits, Guaranteed Income
Italy’s 5-Star/League coalition seeks a 2.4% budget deficit including a guaranteed income provision. Brussels bristles. Italy Seeks to Abolish Poverty The BBC reports Italy’s Populists Agree Budget to ‘Abolish Poverty’. The ruling Five Star and League parties said late on Thursday that they had agreed to set the budget deficit at 2.4% of GDP. They will […]
