The Truth About Wall Street Analysis
Turn on financial television or pick up a financially related magazine or newspaper and you will hear, or read, about what an analyst from some major Wall Street brokerage has to say about the markets or a particular company. For the average person, and for most financial advisors, this information as taken as “fact” and is used […]
Short-Term Uncertainty Following Recent Rally, Will Stocks Continue Higher?
Briefly: Intraday trade: Our Friday’s intraday trading outlook was bearish. It proved partly wrong because the S&P 500 index lost 0.1% (neutral), following slightly lower opening of the trading session. The market remained within relatively narrow intraday trading range. We still can see technical overbought conditions along with negative divergences. Therefore, intraday short position is […]
Stifel Calls Equifax ‘Dead Money’ In Downgrade To Hold
Stifel analyst Shlomo Rosenbaum downgraded Equifax to Hold from Buy and cut his price target for the shares to $115 from $149. The stock closed Friday down 21c to $108.74. The analyst expects the company to spend most of 2018 dealing with the impact of the cyber-security breach by making investments and rebuilding confidence. […]
Five Momentum Driven Canadian Licensed Producers
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Canadian marijuana producers have been one of the hottest places to invest and over the last month, this sector has been trading higher on very strong volume. A lot of this volume has […]
Businesses Leaders Urge Action On Transitional Deal
To coin a phrase, “It isn’t over until the fat lady sings” and that sentiment certainly applies to Brexit. Lord Kerr, the architect of Article 50 to the Treaty of Lisbon, has again reiterated that the process can be stopped until the UK actually leaves the EU. Just yesterday, former Prime Minister Gordon Brown stated […]
AUDUSD Daily Analysis – Monday, Nov. 13
AUDUSD stays in a trading range between 0.7624 and 0.7729. As long as 0.7729 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.7897, and a breakdown below 0.7624 support could trigger further downside movement into 0.7500 zone. Near-term resistance is at 0.7700, followed by 0.7729, only breakout of these […]
From “BTFD” To “Sell The Rip”: Global Stocks Slide, Nikkei Tumbles, Pound Plunges
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated. In Europe, the Stoxx 600 fell as much as 0.4%, […]
Sensex Ends Day In Red; Metal Stocks Lose The Most
After opening the day flat, Share markets in India witnessed selling pressure and are ended the day in red. At the closing bell, the BSE Sensex closed lower by 281 points and the NSE Nifty finished down by 97 points. The S&P BSE Mid Cap finished down by 0.1% while S&P BSE Small Cap finished up by 0.1%. Gains were largely seen in consumer durable stocks, capital good stocks and bank stocks. Asian stock markets finished […]
Bitcoin Continues To Tumble; Erases $38 Billion In Market Capital
The unregulated global digital currency Bitcoin continues to tumble following the suspension of Segwit2x software upgrade on Wednesday. The suspension which was announced by Mike Belshe, CEO and co-founder of Bitcoin wallet software provider BitGo, plunged the dominant cryptocurrency from $7,882 a coin after he said in an email that the upgrade proposal is presently too controversial […]
Sterling Trounced By Growing Political Challenges
The US dollar has begun the new week on firm footing, without the help of either higher interest rates or increased confidence that Congress will agree on a tax plan. Indeed, over the weekend the Chair of the House Ways and Means Committee was explicit that the Senate plan to repeal the federal tax break […]
