Category Archive: Finance, No picture
S&P 500: Fears Over “Peak Growth” Abound
Brexit developments continue to draw all the headlines, with my colleague Fawad Razaqzada characterizing today’s cabinet resignations as a disaster for PM May. While the updates from the UK continue to come in hot and heavy, we’re aware that some readers may be suffering from “Brexit fatigue”; thankfully, there are plenty of other market opportunities to highlight, […]
Is FireEye On Facebook’s Radar?
According to a Mordor Intelligence report published recently, the mobile Anti-Malware market was estimated at $3.42 billion in 2017. It is estimated to grow 18% annually over the next five years to $9.2 billion by 2023. Recently, anti-malware focused player FireEye (Nasdaq: FEYE), reported its third-quarter results, which surpassed market expectations. FireEye’s Financials FireEye had done […]
Oil Price RSI Holds In Oversold Territory Even As UAE Vows To Cut Output
Oil prices have finally recovered from a record losing-streak as United Arab Emirates Energy Minister Suhail Al Mazrouei vows to ‘to cut production to keep the market balanced,’ but there seems to be a broader shift in trading behavior, with energy prices vulnerable to further losses as long as the Relative Strength Index (RSI) holds in oversold territory. OIL PRICE RSI […]
Philly Fed Manufacturing Index: Growth Slowed In November
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Should You Take A Bite Into The Beaten-Down Apple ETFs?
Technology giant Apple Inc. (AAPL – Free Report) logged in its seventh consecutive weekly loss, something the stock hasn’t done in the past six years. The broad tech sector turmoil, as well as negative news flow, has taken a toll on Apple shares lately. In fact, the stock is down nearly 20% from its recent peak, indicating that […]
Jefferies Says Buy Neurocrine After Yesterday’s ‘Unwarranted’ Selloff
Jefferies analyst Biren Amin tells investors to buy shares of Neurocrine Biosciences (NBIX) after hosting a dinner with management. Management shared thoughts on the Ingrezza launch and dispelled recent safety concerns, noting the company rigorously reports the majority of adverse events found in the FDA database and that none of the 88 deaths reported […]
October Retail Sales: Up 0.8% MoM, Beats Forecast
The Census Bureau’s Advance Retail Sales Report for October was released this morning. Headline sales came in at 0.8% month-over-month to one decimal and was better than the Investing.com forecast of 0.6%. Core sales (ex Autos) came in at 0.67% MoM (to two decimals). Revisions were made to the last two months. Here is the introduction from […]
Consider These 3 Mutual Funds From The JP Morgan Portfolio
JPMorgan is one of the major mutual fund managers in the United States and prides itself for being the nation’s leader in equity fund flows. JPMorgan offers managed accounts and retirement products. Its primary principle is to understand the needs of its clients and advice the best investment solutions for surplus returns. Also, JPMorgan is […]
Weekly Unemployment Claims
Here is the opening statement from the Department of Labor: In the week ending November 10, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week’s unrevised level of 214,000. The 4-week moving average was 215,250, an increase of 1,500 from the previous week’s unrevised average of […]
They Call It The Streak!
Yes, they called it the streak, but streaks are meant to be broken. Oil prices closed modestly higher after ending at 12, the longest streaks of consecutive down days in the history of the global oil market. The reason for the downward spiral is concerns about global economic growth, as well as the fact that […]
