WTI Extends Losses After Surprise Build, Crude Production Jumps To Record High
WTI/RBOB extended losses post-API data overnight, but DOE data sparked some algo chaos as a surprise crude build (+2.24mm vs -2.45mm exp) was offset by a bigger than expected gasoline draw (exactly opposite what API reported). In addition, US crude production jumped to a new all-time high – take that OPEC! API Crude -1.562mm (-2.45mm exp) […]
Piper Says Tencent Stake Not ‘Material Thesis Changer’ For Snap
Piper Jaffray analyst Sam Kemp says Tencent’s (TCEHY) 10% stake in Snap (SNAP) is “not a material thesis changer.” The analyst does not believe Tencent would be able to acquire Snapchat as the result of Snap’s capital structure. Further, since Tencent has been an investor in Snapchat since its Series B round, its increased investment […]
Will China Bring An Energy-Debt Crisis?
It is easy for those of us in the West to overlook how important China has become to the world economy, and also the limits it is reaching. The two big areas in which China seems to be reaching limits are energy production and debt. Reaching either of these limits could eventually cause a collapse. China is reaching […]
Rockwell Automation’s Earnings Lag, Sales Beat In Q4
Rockwell Automation Inc. (ROK – Free Report) is the world’s largest company dedicated to industrial automation. Its products, services, and solutions address a broad range of challenges in every major industrial sector, from automotive and tire to mining and oil and gas, from pharmaceuticals to food and beverage. Its brands include Allen-Bradley, Reliance Electric, and Rockwell Software. Rockwell’s […]
SNAP Doing What It Does Best
UPDATE: I took that screenshot last night. In a shocking development, Chinese Internet giant Ten Cent announced they had taken a substantial stake in SNAP, which caused the shares to rocket to a profit (thrilling bulls and disappointing bears who were watching these events). Let’s just say this massive investment from China appears to have […]
BlackLine Industry Awards Fail To Generate Interest In New Products
Cloud finance and accounting firm BlackLine (Nasdaq: BL) went public just over a year ago. Since then, the company’s valuation, along with the accolades it has received, has grown steadily. Recently it was recognized as one of the country’s best Medium-Sized Workplaces by the Fortune magazine for the second consecutive year. Last month, its founder and CEO Therese Tucker […]
Who Wants To Buy Some Saudi Stocks Just As The Region Descends Into Chaos?!
Ok, so Saudi stocks did it again on Wednesday. After falling 1.1% intraday, they rallied in the last 25 or so minutes of trading to close green. This is four days in a row of this now and I’ve got to tell you, it is truly farcical: As we wrote on Tuesday afternoon, it is […]
CNRP Mining Target X-Sprays Announces Start Of Test In Colorado Market
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Over the last two weeks, CNRP Mining (CRPGF) has captured the market’s attention. During this time, the company has executed on its strategy by closing on the acquisition of X-Sprays and by completing […]
FANG Futures
The other day, after reading one of my posts, my old boss sent me a note. It was a comment about the madness of investors chasing the hot momentum tech stocks. “We were reminiscing about this stuff last night and I clearly remember that near the end [of the DotCom bubble], CNBC decided to have […]
E One Central Banker’s Explanation Of Why Inflation Is Missing In Action
The spectre of continued weak inflation haunts central bankers. In a recent speech, Governor Stephen Poloz of the Bank of Canada suggests that the absence of inflation has led “some to question whether central banks can still target inflation effectively.” Poloz adopts a very defensive posture and argues that Bank of Canada does understand the […]
