GBP/USD: Risk Points Higher On Trend Resumption
GBP/USD: The pair continues to retain its upside threats though with caution. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 […]
Snap Judgment
My dislike of SNAP has existed since even before its IPO, and I made no secret of it afterward either (see Short Now And Profit from March). I guess my point is that I’m not jumping onto the SNAP Stinks bandwagon at this late date. I have noticed there is a camp that argues SNAP is simply […]
Weekly Unemployment Claims: Up 10K From Last Week
Here is the opening statement from the Department of Labor: In the week ending July 22, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 244,000, […]
Teladoc, Athenahealth Slide After Report Of Amazon Ambitions
Shares of Teladoc (TDOC), which offers a telehealth platform to deliver on-demand healthcare to patients through mobile devices, the Internet, video and phone, and athenahealth (ATHN), which offers network-enabled services to support healthcare providers, are sliding after a report that discussed Amazon’s (AMZN) “secret” health care projects. AMAZON 1492: Amazon has started a secret health […]
Sensex Finishes Flat In Final Hour Sell Off; HDFC Twins Surge
Indian share markets witnessed selling pressure in the final hour of trade but still closed at a record high for a third straight session. At the closing bell, the BSE Sensex and the NSE Nifty finished flat. The S&P BSE Mid Cap finished down by 0.6% while & S&P BSE Small Cap finished down by 0.5%. Gains were largely seen in bank stocks, and capital goods […]
What Is The Swiss Franc Telling Us?
The Swiss franc is trading at its lowest level against the euro since the Swiss National Bank surprised the world by lifting the currency cap in early 2015. This week’s move has been especially pronounced. The euro has appreciated by a little more than 2% against the franc, Barring much of a setback tomorrow, it will […]
Nelson Peltz On Procter & Gamble: Sign Of The Future For ROIC Laggards
One of the largest activist investors in the world is taking on his biggest target yet. Nelson Peltz’s Trian Fund Management is seeking a board seat at Procter & Gamble (PG: $89/share). Now, the Consumer Staples giant is the largest company ever to face a proxy fight, signaling that size alone is no longer […]
No Surprises
As expected, the FOMC said little that was new in the release of yesterday’s post-meeting policy statement. Yes, there were the obligatory tweaks to the first paragraph regarding current economic conditions and some very modest adjustments to the committee’s view on inflation. And yes, there was a discussion about starting to wind down the Fed’s […]
Bayer (BAYRY) Q2 Earnings Beat, Sales Miss, Cuts Guidance
Bayer AG’s (BAYRY – Free Report) second-quarter 2017 core earnings per share from continuing operations was $1.99, which topped the Zacks Consensus Estimate of $1.87. Earnings were down 12.7% year over year from $2.28 per share. Total sales in the quarter were approximately $13.4 billion, up 3% year over year but missed the Zacks Consensus Estimate of […]
E Is Now The Time To Invest In Frontier Markets?
The Volatility S&P 500 Index (VIX) dropped to the lowest level in history to trade at just under $9.50 this month. Low volatility is viewed as a positive sign when it comes to long-term investing as this simply implies low investment risk. As such, investors find it more secure to take long-term positions thereby increasing […]
