Global Bounce
Just last Wednesday we noted that stock markets around the world were trending lower and in many cases moving into oversold territory. Just six days later, it appears to be smooth sailing again as most countries have bounced back in a big way. Below is our Country ETF Trading Range screen, which highlights where 30 of the […]
Morgan Stanley: Tesla Will Surge To $400 Before Crashing To $200
When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley’s Adam Jonas (current price target of $379). To be sure, the relationship cuts both ways, with Jonas relentless enthusiasm ‘for the EV maker granting Morgan Stanley a reserved spot for any future debt, convert and equity underwriting, as well as […]
Existing Home Sales Jump 2% Yet Remain Below Level Reached A Year Ago
Existing home sales rose 2% in October yet remain 0.9% below the level reached in October 2016. Mortgage News Daily reports Existing Home Sales Erase Summertime Losses. For the second straight month the National Association of Realtors® (NAR) is reporting that sales of previously owned homes increased, this time by 2.0 percent. Single-family houses, townhouses, condos, […]
Ethereum Price Rally Stalls Ahead Of Key Resistance Targets
ETH/USD Daily Chart Technical Outlook: We’ve been tracking this rally in Ethereum prices since the breach above the November opening range earlier in the month with the advance already taking out initial targets at 350 & 362. Critical topside resistance objectives are eyed at the high-day close at 385 backed by the record high at 405. Interim support now rests back […]
Oritani Financial Corp. Announces $0.45 Special Dividend
TOWNSHIP OF WASHINGTON, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) — Oritani Financial Corp. (the “Company” or “Oritani”) (Nasdaq:ORIT), the holding company for Oritani Bank (the “Bank”) announced that its Board of Directors has declared a special cash dividend of $0.45 per share on the Company’s common stock.The record date for the dividend will be December […]
The ECB Wants To Freeze Bank Accounts In Case Of A Bank Crisis
We were among the first ones to warn about the Banking Recovery and Resolution Directive (BRRD), which allows a failing bank to use its clients’ accounts for a bail-in. Any time this was – rarely – mentioned in the media, either the banker or someone from a regulatory agency would say there was nothing to worry […]
Lowe’s Companies Shares Plummet Despite Q3 Profit
On Tuesday before the market opened, shares of Lowe’s (LOW) took a dive following news that COO Rick Damron will retire in February despite posting profits. The company said that Richard Maltsbarger, current chief development officer, will take his place. LOW posted adjusted third quarter earnings per share of $1.05 on $16.77 billion in sales while analysts […]
3 Canadian Licensed Producers That Are Prime Acquisition Targets
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Canada’s marijuana market has been one of the hottest places to invest and this trend has shown no signs of slowing down. Canadian licensed medical marijuana producers have been one of the biggest […]
Understanding The CFNAI Components
The Chicago Fed’s National Activity Index, which we reported on this morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that “Led […]
E Elliott Wave Analysis: EURNZD And S&P500
EURNZD can be trading within a three-wave bearish reversal, away from the top labeled at 1.7381 level. We can see that former impulse unfolded a nice bullish pattern, which now gives us thinking that maybe a change in trend may follow. Well we see waves a and b completed so current drop can be wave […]
