Category Archive: Finance, No picture
Credit Suisse Says Sell Bloom Energy Following Post-IPO Run
Shares of Bloom Energy (BE) are under pressure this morning after Credit Suisse analyst Michael Weinstein downgraded the stock to Underperform on valuation, stating that the shares trade at a premium only a week after his initiation with little incremental fundamental news to justify the strength. Weinstein had started coverage of the stock last week […]
Another Gold Bearish Factor
Last week, we said that the consensus is that gold must go down (as measured in terms of the unstable dollar) and then will rocket higher. We suggested that if everyone expects an outcome in the market, the outcome is likely not to turn out that way. We also said that this time, there is likely less leverage […]
US Dollar Will Retain Top Spot Despite Deficits, Trade Wars
The US Dollar retains the global currency crown it has worn unchallenged since the end of World War 2. That crown has only been burnished this year by rising interest rates and an economy that seems to have ditched the financial-crisis blues more convincingly than any other. However, there are reasons to be worried even about King […]
E The Good, The Bad And The Pecker
Which do we follow? The news that says the Prez is about to be impeached (with help from a guy named Pecker, I kid you not), housing took a dump and the hackers are back? Or the breakout to new highs in the S&P 500, the Russell and the Snazzdaq? Is the news of the […]
Should You Ignore John C. Bogle?
Listen, I get it. When markets are rising everyone wants to be bullish. Why not? As Bob Farrell’s Rule #10 states: “Bull markets are more fun than bear markets.” It is also safer to be “always bullish.” No one remembers the guy that called the previous bull market peak as human psychology is designed to “mask pain.” If it wasn’t, women […]
Ethane To Ethylene: The Essence Of Westlake Chemicals
This week I’m seeking a high-yield and growing stock from the basic materials sector. That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a small-cap chemicals […]
USDCAD Daily Analysis – Monday, August 27
USDCAD is facing 1.2986 support, a breakdown below this level could trigger another fall towards 1.2800. Resistance levels are at 1.3055 and 1.3103, only break above these levels could take the price to 1.3200 area.
Chicago Fed: Moderate Growth In July
“Index points to a moderation in economic growth in July.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: “Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.13 in July from +0.48 in […]
Australian Dollar Could Resume Its Slide
Weakness in iron and copper prices and tensions with China could weigh on the Australian dollar, short AUD/JPY? Political mayhem in Australia pulled Australian dollar to a weekly high. Despite the political upheaval, the Australian dollar rallied on optimism that new PM Morrison would not seek to radically change economic policies. He is the 6th […]
Sensex Trades 428 Points Up; SBI & Power Grid Lead The Rally
Stock markets in India are trading strong following its global peers. Gains are largely seen in power stocks and bank stocks. The BSE Sensex is trading up by 428 points and the NSE Nifty is trading up by 124 points. Meanwhile, the BSE Mid Cap index is trading up by 1% while, the BSE Small Cap index is trading up by 0.9%. The rupee is currently trading […]
