Why JPMorgan Thinks You Should Just BTFD (Buy The Failed Dip)
Ok, so the debate continues about what exactly it is that YTD lows in 10Y yields portend not just for Treasurys, but also for risk assets and for the global economy more generally. Needless to say, the recent bond rally doesn’t seem to say anything good about the future of the reflation narrative that drove […]
Oracle (ORCL) To Post Q1 Results: Can It Beat On Earnings?
Oracle Corporation (ORCL – Free Report) is set to report first-quarter fiscal 2018 earnings on Sep 14. Notably, the company has beaten the Zacks Consensus Estimate in two of the trailing four quarters. Last quarter, the company delivered a positive earnings surprise of 14.10%. Adjusted earnings of 89 cents per share and revenues of $10.94 billion comfortably beat […]
E Weekly Energy Roundup: Oil And Gas Companies
For quite some time, I published a series over at Seeking Alpha in which I tracked the performance of six selected large oil and gas stocks so that followers of this industry could get a quick idea of how the industry as a whole performed as well as be aware of any significant developments in […]
GrubHub Shares Can Rise 75% Through 2021, Says William Blair
GrubHub shares can increase about 75% through 2021 to roughly $100 per share, William Blair analyst Ralph Schackart tells investors in a research note. Credit Suisse this morning downgraded the stock to Neutral. The restaurant pick-up and delivery platform is down 1% to $55.30 in premarket trading. The analyst says he’s received many questions following […]
E Recovery On GBP/NZD Looks Corrective; A Reversal In View
Good day traders! Today’s focus is on GBPNZD and its 4h movement. GBP/NZD is showing us a bigger three-wave recovery, which can be a corrective pattern in play. Ideally, current and final leg C will unfold as an ending diagonal pattern and search for resistance and a top near the Fibonacci ratios of 50.0 and […]
E German DAX Sets Eyes On Another Merkel Victory
The price action set up in the German DAX over the last week suggests that the markets are preparing for another Merkel victory. Political developments in Germany so far show that there is no strong opposition to the incumbent candidate. Although the Social Democratic Party of Germany (SPD) led by Martin Schultz did manage to […]
Tragedy Of The Speculations, Gold & Silver Report
Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as the replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. Why not? To answer, let us start with a look at the incentives offered […]
Citi Warns Trading Revenue To Tumble 15% In Q3 Due To “Subdued Volatility”
Exactly three months ago, in mid-June, Citigroup CFO John Gerspach warned investors at a Morgan Stanley investment conference that Citi’s second quarter trading revenues would be down 12-13%, mostly due to declining market volatility. A few weeks later, he was proven right when US banks – and especially Goldman Sachs – posted some of the worst […]
In The Dark
The stock market is zooming this morning on the news that only 5.7 million people in Florida will have to do without air conditioning, hot showers, and Keurig mochachinos at dawn’s early light Monday, Sept 11, 2017. I’m mindful that the news cycle right after a hurricane goes kind of blank for a day or […]
Teva Hires Kare Schultz As CEO: Is A Recovery In The Cards?
Teva Pharmaceutical Industries Limited (TEVA – Free Report) announced the appointment of Kåre Schultz as president and chief executive officer (CEO), thus ending the Israeli generic maker’s more than six-month long search for a permanent CEO. Share rose more than 12% in pre-market trading on Monday. Schultz, until now, served as president and CEO of Denmark’s H. Lundbeck […]
