Better Than Bitcoin
Salvatore Mundi by Leonardo De Vinci Circa 1490 US equities market had a sloppy week with movement out of the Dow (DIA) -.44% and into the Russell 2000 (IWM) +1.27%, which had been languishing since early October. Most interesting was that two modern family members Regional Banks (KRE) and Retail (XRT ) which were having issues the […]
NFIB Small Business Optimism Index Highlights A Tight Labor Market
Last week NFIB’s October report on Small Business Optimism fell short of expectations, but remained at a high level at 103.8 versus 103 in the prior report. A few highlights from the report: “The tight labor market got tighter for small business owners last month, continuing a year-long trend. Fifty-nine percent of owners said they tried to […]
Another Week That Is Not About The Data
The contours of the investment climate are unlikely to change based on next week’s economic data from the US, Japan, or Europe. The state of the major economies continues to be well understood by investors. Growth in the US, EU, and Japan remains solid, and if anything above trend, as the year winds down. The incremental […]
USD/CAD Forecast: Nov. 20-24
Dollar/CAD moved up in a mixed week, trying to find a new direction amid sliding oil prices. Retail sales stand out in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Canada’s manufacturing sales and foreign securities purchases both beat expectations but the first ADP jobs report showed a drop in jobs. […]
AUD/USD Weekly Analysis – Sunday, November 19
AUD/USD extended its downside movement from 0.8124, facing a support level at 0.7535. As long as the pair is below the falling trend line on the daily chart, the downside move can be expected to continue and next target would be at 0.7328. On the upside, a clear break above the trend line resistance could […]
EUR/USD Closes Higher But With Caution Of Pullbacks
EUR/USD: The pair may be biased to the upside but could face pullback risk in the new week. Resistance comes in at the 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 […]
Big Hedge Funds Are Ramping Up These 5 Hot Stocks
Hedge fund’s Q3 trades are now public following the release of 13F forms filed with the SEC. This means that now is the time to track the “Smart Money” of hedge fund gurus like Warren Buffett and Carl Icahn. Here we searched for stocks with both a positive hedge fund signal and a ‘Strong Buy’ […]
Partnerships & Buyouts To Drive Salesforce (CRM) Q3 Earnings
Salesforce.com, Inc. (CRM – Free Report) is set to report third-quarter fiscal 2018 results on Nov 21. The Zacks Consensus Estimate for the quarter is pegged at 37 cents, representing a year-over-year increase of a whopping 52%. Additionally, analysts polled by Zacks project revenues of roughly $2.65 billion, up 23.5% from the year-ago quarter. Let’s see what’s driving this […]
Short Volatility Strategies And A Word Of Caution
This week will be a shortened trading week as we celebrate Thanksgiving Day on Thursday for which the markets will be closed. Of course the retailers will be opening their doors in the evening for shoppers to get a jump-start on the holiday gift-giving season. So what better way and time to publish my latest […]
Strong Earnings For Small-Cap Cyclicals
By The Royce Funds Co-CIO Francis Gannon on the promising pace of small-cap earnings and what expanding global growth could mean for certain small-cap cyclicals. Image source: Wikimedia Commons The pace of small-cap earnings continues to trend in a positive direction, with results in many cases exceeding expectations. Our friends at Furey Research Partners recently reported that, with […]
