Category Archive: Finance, No picture
Fundamentals Are Still Smiling At The Dollar
Fundamentals are still smiling at the dollar There is a simple framework we can use to help evaluate the likely intermediate-term trend of the US dollar, measured in months and quarters. It is referred to as the dollar smile. I first saw this concept in a research note written by Stephen Jen, when he was […]
Why Are Wages So Low
Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two-thirds of their gross revenue-generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with the English […]
E Is Procter & Gamble Still Attractive After Its Recent Rally?
Procter & Gamble (PG) is a consumer products giant that sells its products in more than 180 countries. The stock has rallied 21% since early May. As such a steep move is rather unusual for this slow-moving stalwart, the big question is whether the stock can still offer attractive returns from its current price. Procter […]
OPEC Resits
The resist movement hit OPEC. Oil prices hit a four year high as OPEC resists President Donald Trump’s call for more oil. The oil market is starting to understand what the Energy Report has been warning about for years. Underinvestment in the energy space has put us behind the demand curve and global production is going […]
Barrick Acquires Randgold In All-Stock Deal, Sees ‘Industry-Leading’ Company
Barrick Gold (ABX) announced that it has reached agreement on the terms of a recommended share-for-share merger of Barrick and Randgold Resources Limited (GOLD). The merger is subject to approval by both sets of shareholders, regulatory approvals and other customary closing conditions. It is intended that the merger will be implemented by means of a […]
Indian Indices Continue Sell-Off; Sensex Slumps Over 530 Points
Share markets in India continued their sell-off seen during the last week and ended the day deep in the red. All sectoral indices traded on a negative note, with stocks in the realty sector, auto sector, telecom sector, and finance sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 536 points (down 1.5%) and the NSE […]
Morning Call For Monday, Sept. 24
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.20%) this morning are down -0.14% and European stocks are down -0.33% due to the prospects of a prolonged trade war between China and the U.S. after China called off planned trade talks. After the U.S. implemented its 10% tariff on $200 billion of Chinese goods as of […]
Commodities And Foreign Stocks Led Global Markets Last Week
Broadly defined commodities surged over the five trading days through Friday, September 21, posting last week’s strongest gain for the major asset classes, based on a set of exchange-traded products. Foreign stocks in developed and emerging markets accompanied the commodities rally, delivering the second- and third-highest gains, respectively. The iPath Bloomberg Commodity Total Return (DJP) popped 3.1% […]
Sirius XM To Acquire Pandora In All-Stock Transaction Valuing Pandora At $3.5B
Sirius XM Holdings (SIRI) and Pandora Media (P) announced a definitive agreement under which SiriusXM will acquire Pandora in an all-stock transaction valued at approximately $3.5B. The combination creates the world’s largest audio entertainment company, with more than $7B in expected pro-forma revenue in 2018 and strong, long-term growth opportunities, the companies said. Following the […]
Rise Of The Zombie Corporations: Percentage Keeps Increasing, BIS Explains Why
The BIS discusses zombie corporations. Cheap financing is the primary cause. The result is low productivity. In its latest quarterly report, the Bank of International Settlements (BIS) discusses the Rise of Zombie Firms: Causes and Consequences. Zombie firms, meaning firms that are unable to cover debt servicing costs from current profits over an extended period, have […]
