It’s Been A Tough Month For Healthcare Stocks
depositphotos It’s Been a Tough Month for Healthcare Stocks but Momentum Favors Small Cap Biotechs. Large cap Biopharmaceutical stocks sold off because of competition and lower revenue growth. MedTech sector show less volatility and more growth potential for 2025. SMID caps show good trading prospects because of new products, pipeline and M&A. It’s been a […]
AgMaster Report – Monday, Dec. 2
DEC CORN In a holiday-shortened week, the dominant news was Trumps proclamation of 25% tariffs on Mexico & Canada and 10% on China – to combat the heavy flow of drugs & immigrants across our Southern & Northern borders! The initial knee-jerk reaction was of course sharply lower but the mkt reconsidered later in the […]
Are Tariffs The New Inflation Trigger? What Consumers And Investors Should Know
As families gathered to celebrate Thanksgiving last week, there was a morsel of good news for consumers: the cost of the traditional feast fell for the second year in a row. A classic Turkey Day dinner for 10 cost $58.08, down 5% from last year, according to the American Farm Bureau Federation’s (AFBF) annual survey.That should […]
ISM Manufacturing Remains Weak
As usual, the month’s data begins with the ISM manufacturing index, and with a one month delay, construction spending.Because manufacturing is of diminishing importance to the economy, and was in deep contraction both in 2015-16 and again in 2022 without any recession occurring, I now use an economically weighted three month average of the manufacturing […]
A December Bear – Wait For Godot Or Bigfoot?
11 down, 1 to go. December is here. And while Q4 in general during a big up year is when portfolio managers start to chase the market, December is really when the mad dash happens. Similar to 2023 when the masses entered the year bearish, 2024 has had so many managers waiting and hoping for […]
Wages Nominal And Real Across The Distribution
Reader Michael writes: …high income wage growth has grown much faster than medium and low income wage growth patterns. Here’s a stab at taking a look at the data. First wages: Figure 1: Year-on-Year growth rate in average hourly earnings from CES (blue), average wage from CPS (green), median wage from CPS (tan), from 2nd quintile (red), all […]
United Back To Flying The Friendly Skies
Shares of United Airlines Holdings (UAL) have surged over 25% in the last month taking their YTD gain to an incredible 140%. Last week, the stock even briefly traded above $100 to new all-time highs. As shown in the chart below, all of this year’s gain occurred in the last four months as the stock […]
The Implied Equity Risk Premium And Stock Market Bubbles
Image Source: Pexels The implied equity risk premium (IERP) and theories of stock market bubbles both offer explanations for the current elevated level of stock prices, but they are strange bedfellows. Here we explore the relation between the two, starting with the implied equity risk premium.Estimates of the IERP depend on the model used and the […]
U.S. Manufacturing Continues To Struggle With Tariff Uncertainty
Image Source: Pexels The US ISM manufacturing index improved in November, but remains in contraction territory. Election clarity probably saw some delayed orders getting pushed through, but the potential for tariffs and the associated risk of supply chain disruption and reciprocal tariffs placed on US exports means further gains will be limited until we have clarity. […]
Intel Stock Rises Following CEO Change Announcement
Image courtesy of 123rf.com Intel Corporation (Nasdaq: INTC) has announced a significant leadership transition as CEO Pat Gelsinger retires, effective December 1, 2024. Gelsinger, who also stepped down from the board, has been a pivotal figure at Intel, returning as CEO in 2021 during a crucial period for the company.In the interim, David Zinsner and Michelle Johnston Holthaus […]
