Category Archive: Finance, No picture
Tech ETFs In Focus On Oracle’s Mixed Bag Q1 Results
After the closing bell yesterday, software giant Oracle (ORCL – Free Report) reported fiscal first-quarter 2019 results. While the company beat the Zacks Consensus Estimate for earnings, it lagged on revenues and disappointed investors with a bleak outlook. Oracle Q1 Earnings in Focus Earnings per share came in at 71 cents, three cents ahead of the Zacks […]
Chinese Money Math
What has changed in China? Many if not most in the West haven’t yet caught on because they can’t conceive of where all this might be heading. One literal change was the appointment of Yi Gang as head of the People’s Bank of China. Not only did he replace longtime chief Zhou Xiaochuan, but Yi’s […]
Cannabis Stocks In Focus After Tilray Gets DEA Approval To Import Cannabis Drug
Shares of cannabis stocks are in focus after Canadian marijuana producer Tilray (TLRY) announced approval by the U.S. Drug Enforcement Administration to import a cannabinoid study drug into the U.S. from Canada. DEA APPROVAL: On Tuesday, Tilray announced that the U.S. DEA has granted approval to import a cannabinoid study drug into the U.S. for […]
Transport Services Aided By Multiple Tailwinds: 3 Top Picks
The healthy state of the U.S. economy is highlighted by the fact that consumer confidence — a key determinant of the economy’s health — touched an 18-year high in August 2018. Moreover, the U.S. economy witnessed the fastest wage growth since 2009 and added jobs for the 95th straight month in August. Strong U.S. macroeconomic […]
Can Consumer Surveys Tell Us Where The Economy Is Headed?
In order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys. Randomly selected consumers and businessmen are asked to provide their views about where the economy is heading. Thus, if a survey shows that the majority of the surveyed express optimism it is […]
4 Stocks To Buy As Industrial Production Continues To Rise
U.S. industrial production increased for the third consecutive month in August, according to a Federal Reserve report. Auto and utility sectors were the major contributors to this growth. Strong growth in auto manufacturing actually led to overall improvement in manufacturing output. Vehicle production hit an annual rate of 11.5 million units, its strongest level since […]
Goldman: ‘Greater Than 50% Chance’ Trump Goes All In On China By 2019
Market participants appear to be scratching their heads on Tuesday at the muted reaction across global equities to the latest escalation on the trade front from the Trump administration. That perplexity is understandable to the extent folks were anticipating a marginally sour session in Asia and some pressure on EM, but nobody should be surprised that there wasn’t some […]
China Retaliates: Beijing To Levy $60BN In Tariffs On US Goods Effective Sept 24
Just as Donald Trump was further threats aimed at Beijing after he launched another $200BN in tariffs targeting Chinese imports, and warning that “there will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!”, China’s Ministry of Finance issued a statement disclosing that it would retaliate by levying tariffs […]
Snapchat Shows The Problems With “Visionary” Founders And Dual Class Share Structures
In early 2017, as Snap, Inc. (SNAP: $9/share) prepped for its IPO, CEO Evan Spiegel received fawning profiles in the pages of prominent papers like the LA Times and the New York Times. These profiles painted a portrait of Spiegel as an enigmatic genius, the latest in a line of tech visionaries that would revolutionize the world. The […]
USD/CAD Set To Rock On Friday With A Double-Feature Event
Canada releases top-tier inflation and retail sales figures on Friday. The data is critical for the BOC’s October rate decision. The USD/CAD is balanced into the data. Canada publishes its inflation report for August and the Retail Sales publication for July on Friday, September 21st, at 12:30 GMT. There are no significant US publications at […]
