EC Amazon And Kenmore: A Mismatch Made In Desperation
For years I have wondered why Sears (SHLD) chose not to sell Craftsman tools on Amazon’s (AMZN) web site. It just seemed like an obvious move to monetize a brand name they owned, given that their own stores are slowly disappearing due to customer disinterest. Earlier this year Sears sold the brand to Stanley Black […]
Irrational Optimism
In the months following the election, we saw optimism surge higher in a number of prominent indicators… Homebuilder sentiment hit an 11-year high. Small Business optimism hit a 12-year high. Consumer confidence hit a 13-year high. Philadelphia Fed Manufacturing survey hit a 33-year high. The thinking was as follows: a new era of higher economic […]
DXY Elliott Wave View: Resuming Downside
Revised short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a double three Elliott wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave W, and bounce to 96.51 high ended Minor wave X. Wave Y is unfolding as another double three Elliott wave structure of a smaller degree where […]
USD/CHF Elliott Wave Forecast: Bearish Impulse Wave
Elliott Wave Forecast USD/CHF Short Term Bearish trend is present in USD/CHF currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of USD/CHF currency pair is falling down on a short-term basis to create a Bearish Impulse Elliott wave pattern […]
Gold Rises On Strong Euro
Yesterday, gold hit a three-week high. What does it mean for the precious metals market? The ECB kept its monetary policy unchanged yesterday. And Draghi said that the ECB had made no plans regarding tightening its monetary policy stance. Although he did not give any hints about the bank’s next move, the euro soared, as one can […]
Encana’s Q2 Earnings & Revenues Top Estimates, Up Y/Y
Calgary, Alberta-based Encana Corporation (ECA – Free Report) reported second-quarter 2017 operating earnings of 18 cents per share, ahead of the Zacks Consensus Estimate of 4 cents. Further, the bottom line improved from the year-ago period earnings of 10 cents per share. Improvement in the top line, higher realized prices, and reduction in the costs lead to better results. […]
Nike Stock Is A Good Buy Even With Uncertainty
Nike (NYSE: NKE) has been a great stock to investors who are long term players. As the company churns out more an more successful sneakers and athletic apparel, Nike stock has responded, making investors a nice sum of money. But with the landscape of retail changing, Nike stock is caught in the crosswinds. It needs to […]
Consolidation Here Not A Bad Idea
When the Nasdaq is up 10 straight days – a little consolidation never hurt anyone. While it is much more common to see the Nasdaq have these kinds of runs than the S&P 500, it still needs to cool off here. What’s amazing about the run is that it comes right after the Nasdaq was […]
German Automakers Tumble Following “Bombshell” Cartel Allegations, DAX Slides
For more than 20 years, the German auto industry has been operating like a cartel, according to a new “bombshell” report, which has sent the shares of Germany’s biggest automakers reeling. Spiegel is reporting that the big three German car companies – Volkswagen, Daimler and BMW – have been holding secret “working groups” since the 1990s, […]
Billion Dollar Unicorns: DraftKings Faces Hurdles
According to Juniper Research, the entry fee revenues in the fantasy sport industry are estimated to grow from $2.6 billion in 2016 to $5.3 billion by the year 2020. However, the industry is witnessing several legal and regulatory concerns that have slowed down the growth of Billion Dollar Unicorn DraftKings. DraftKings’ Offerings Boston-based DraftKings was founded by VistaPrint alumni Matt Kalish, Paul […]
