No More Rate Hikes This Year, 3 In 2018 – BNPP
The Fed is set to make its decision today and the focus is on the word “transitory”. However, the bigger decisions are still down the road. The team at BNP Paribas changed their forecasts for the next rate hikes. Here is their view, courtesy of eFXnews: BNP Paribas economists have made significant changes to their forecast for […]
June New Home Sales Inches Up
This morning’s release of the June New Home Sales from the Census Bureau came in at 610K, up 0.8% month-over-month from a revised 605K in May. Seasonally adjusted estimates back to March were also revised. The Investing.com forecast was for 615K. Here is the opening from the report: Sales of new single-family houses in June 2017 were […]
Citi Says Comcast Should Buy Verizon, Investors Should Sell Dish
Citi analyst Jason Bazinet double downgraded Dish (DISH) to Sell as he believes Comcast (CMCSA) should acquire Verizon (VZ) and such a deal would put “significant pressure” on the former’s equity since Verizon is viewed as the most likely Dish suitor. COMCAST SHOULD BUY VERIZON: In a research note to investors this morning, Citi’s Bazinet […]
Nasdaq Reports Second Quarter 2017 Results; Achieves Record Quarterly Net Revenues
Net revenues1 were a record $602 million in the second quarter of 2017, an increase of 8% compared to the second quarter of 2016. Subscription and recurring revenues2increased 5% compared to prior year period and represented 75% of total net revenues in the second quarter of 2017. Second quarter 2017 GAAP diluted EPS was $0.87, while […]
EUR/USD And GBP/USD Forecast – Wednesday, July 26
EUR/USD The EUR/USD pair initially when higher during the session on Tuesday, but turned around at the 1.17 level to form a shooting star. I believe that part of this is driven by profit-taking ahead of the FOMC Statement and of course the interest rate decision, but I think that this could be a bit […]
D.R. Horton Q3 Earnings & Revenues Beat Estimates
D.R. Horton, Inc. (DHI – Free Report) came up with yet another stellar show in the third quarter of fiscal 2017. Both earnings and revenues beat the Zacks Consensus Estimate courtesy of a solid housing market scenario. The Texas-based homebuilder’s order trends remained strong in the quarter. Earnings & Revenue Discussion The company reported earnings of 76 cents […]
I Reduced My Long Exposure Some Yesterday
Yesterday’s rally didn’t quite seem there was a great deal of conviction behind it. Perhaps with the Fed set to release its FOMC Statement today, we’ll get the market to provide us with a decent size move. Over the past four trading sessions, the market has been rather quiet. But by decreasing my portfolio just […]
Billion Dollar Unicorns: Ticket Monster To Invest In Groceries
South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today, Ticket Monster continues its journey as an independent Billion Dollar Unicorn in this highly competitive market. Ticket Monster’s Journey Ticket Monster (TMON) was founded in 2010 by Hyun-sung […]
IMF Ups China’s Growth Expectations, Cuts US Forecasts
The International Monetary Fund (IMF) has revised its China’s GDP growth forecast for 2017 and 2018 to 6.7% and 6.4% respectively. This is up from an upgrade made in April to 6.6% and 6.2%. China’s growth is expected to continue to be a key driver for a firming recovery of the global economy. Their World […]
U.S. Dollar; Triple Support Test After Rare 30-Week Decline
From 2011 to the start of this year, the US Dollar has been pretty strong, as it rallied nearly 30% in 6-years. Over the past 30-weeks, King Dollar has been rather weak. Below is a chart for the US Dollar over the past 18-years, with 30-week performance applied. CLICK ON CHART TO ENLARGE King Dollar […]
