Aramco IPO Delayed Until 2019 As New York Listing Grows Increasingly Remote
For more than two years, investment bankers in the US and London have been salivating over the prospect that Aramco, the state-owned Saudi oil company that’s believed to be one of the most valuable companies in the world, could choose to list shares representing a 5% stake in the company on the London Stock Exchange, […]
Dividend Income Update February 2018
It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios. Without rehashing the wild ride we experienced in the market last month, I could find comfort in one thing, my dividends. As we all know, […]
A Lonely Landmine: Full Week Ahead Preview
Well, as noted, you can expect no shortage of President Dennison in the week ahead as the ongoing tumult at 1600 Penn., the Mueller probe, and the porn star fiasco seem to have pushed Trump over the edge this weekend. His Saturday rally in Pennsylvania was even crazier than everyone thought it would be and his […]
Insys: Will The Drug Pipeline Drive Growth?
Insys (INSY) reported Q4 revenue of $31.5 million and eps of -$0.61. The company missed on revenue by $2.5 million and missed on eps by $0.47. However, the quarter was not all bad for Insys. Revenue Appears To Be Stabilizing Insys manufactures and markets two main drugs – subsys and syndros. Subsys delivers fentanyl, an […]
Big Investment Boom Following Trump Tax Cuts? Answer In Four Charts
Many expect a big investment boom thanks to Trump tax cuts. A few charts will show why they are mistaken. The Financial Times reports Multinationals Pay Lower Taxes Than a Decade Ago. The article notes ” Effective rates have fallen 9 percent since the financial crisis.” Brad Setser has a string of Tweets. Excellent reporting on […]
FX Week Ahead: U.S Inflation, SNB And Norges Bank Meetings
Economic data for the week ahead will slightly take a back seat with only a few central bank meetings lined up. The Swiss National Bank will be holding its quarterly monetary policy meeting this week. The 3-month LIBOR rate is expected to remain unchanged. Later, the Norges bank will be holding its monthly monetary policy meeting. Norges […]
Cryptocurrency Market Sees Correction With Bitcoin Cash Leading The Way
After a week of bearish sentiment, the cryptocurrency market as a whole saw a correction on Sunday. Major coins in top 20 saw gains up to 11.30%, with Bitcoin Cash being the winner of the bunch. Tether was the only altcoin to see mild drops of -0.22%. Bitcoin Cash Technical Analysis Bitcoin Cash (BCH) saw […]
Sensex, Nifty Trade On A Strong Note; Software & FMCG Stocks Gain
Indian share markets continued to rally in the afternoon session amid firm global cues after trade war worries eased last week. Gains were largely seen in software stocks, FMCG stocks and energy stocks. The BSE Sensex is trading higher by 358 points and the NSE Nifty is trading up by 114 points. Meanwhile, the BSE Mid Cap index is trading up by 0.1% & the BSE Small […]
US Jobs Report Isn’t Positive To Dollar
USD/JPY gave up the gains from last Friday. Is the USD/JPY going to head south? US wage growth slowed, suggesting that a more hawkish Fed may not arrive anytime soon Last week, we were worrying about a potential trade war and US wage inflation. The outcomes of all the data were perhaps the best we […]
Breakouts For Nasdaq And Nasdaq 100
Leading indices again continued in their leadership roles; the Russell 2000 managed a new swing high with breakouts for the Nasdaq and Nasdaq 100 after Semiconductors closed at new all-time highs. The Russell 2000 cleared 1,564 with relative ease with upticks in lead technicals – only relative performance suffered a small loss. Friday’s 1.6% gain now […]
