Snap Drops As Twitter Prepares Rival Video Tool, Top Executive Departs
Shares of Snap Inc. (SNAP) dropped in morning trading following a report that Twitter (TWTR) is developing a Snapchat-style camera-centered tool to make it easier to post video instantly. Separately, Snap Vice President of Product Tom Conrad is leaving the company in March. POTENTIAL TWITTER COMPETITOR: Twitter is working on a tool to make it […]
December 2017 Headline New Home Sales Decline
Written by John Lounsbury and Steven Hansen The headlines say new home sales declined and was well below market expectations. Our analysis also shows deceleration of new home sales. Analyst Opinion of New Home Sales This month the backward revisions were again downward which affected the growth rate this month. Because of weather and other factors, the rolling […]
Barring Major Reforms, Venezuela’s Oil Industry Is Finished
Unless major reforms are enacted in Venezuela, its time as a major oil producer is over. A Bolivarian National Guard member hitting a Venezuelan opposition demonstrator with his bike during a protest against President Nicolas Maduro in Caracas in July. (Photo by FEDERICO PARRA/AFP/Getty Images). The Wall Street Journal reported last week that Venezuela’s oil output in […]
Billion Dollar Unicorns: How Does Domo’s Valuation Compare With Tableau’s?
According to a report published last year, the global BI Market is expected to grow 11% annually over the next few years to $29.5 billion by 2022 from $15.64 billion in 2016. One of the leading players in cloud-based BI solutions is Utah-based Billion Dollar Unicorn Domo. Domo’s Financials Domo was founded in 2010 by Omniture co-founder Josh […]
Unsound Money Is Crucifying Pensions
Deficits are mounting in pension obligations. It is a global problem over which pension trustees are helpless. It is also a problem that’s brushed under the carpet, with prospective and current pensioners generally unaware of the threat to their retirement. Investors in companies with defined benefit schemes, schemes which promise an inflation-adjusted entitlement based on […]
The US Dollar Since The November 2016 Presidential Election – Take It Out In Trade
“Obviously a weaker dollar is good for us as it relates to trade and opportunities. The currency’s short term value is not a concern of ours at all Longer term, the strength of the dollar is a reflection of the strength of the U.S. economy and the fact that it is and will continue to […]
USD/JPY Carves Bearish Sequence As RSI Dips Into Oversold Territory
USD/JPY remains under pressure as U.S. New Home Sales slip 9.3% in December, and the pair may continue to give back the rebound from the 2017-low (107.32) as the Gross Domestic Product (GDP) report is anticipated to show a slowdown in the growth rate. The advance GDP report is expected to show the U.S. economy […]
Initial Thoughts On Draghi
ECB President Draghi was unable to arrest the US dollar’s slide and euro’s surge. But he did not try particularly hard. While many investors are a bit stumped by the pace and magnitude of the dollar’s slump, Draghi seemed to imply that it was perfectly understandable given the recovery of the eurozone economy. The economy is the […]
Elliott Wave Analysis: BTC/USD Update
As expected BTC/USD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at […]
