Billion Dollar Unicorns: Peloton Cycles Into The Club
According to Technavio, the global home fitness equipment market including treadmills, weightlifting machines, and stationary bicycles is expected to grow at a CAGR of 5.08% during the period 2017-2021. Peloton, which sells an Internet-connected indoor fitness bicycle, recently joined the Billion Dollar Unicorn Club. Peloton’s Offerings New York-based Peloton was founded in 2012 by CEO John Foley, COO […]
Oil Careens Lower In Hilarious Post-Data Nosedive
What to say about crude at this point? It was just yesterday when some folks were suggesting that, in light of OPEC’s push to cap Libyan and Nigerian supply and on the heels of (super) bullish API data, “the bears [need] to start questioning their religion.” Amusingly, that assessment came just hours after Goldman mused that prices could […]
WTI Slips As Inventories Draw But Production Hits New Cycle High
WTI has extended gains (on weaker dollar) from last night’s ‘bullish’ API data in a deja-vu of last week, and DOE data (showing large draws in Crude and Gasoline) confirmed continued rebalancing. However, once again mimicking last week’s action, prices were not exuberant as another surge in production – to new cycle highs – stymied some of the excitement. […]
Colgate-Palmolive: A Dividend King That Hasn’t Missed A Payment In 122 Years
While dividend growth investing is arguably one of the best ways for people to build long-term income and wealth over time, that doesn’t necessarily mean that selecting quality companies is easy. After all, the key to long-term success involves finding companies with strong management teams, consistent and growing cash flows, safe debt levels, and dividend-friendly corporate cultures. […]
What’s Driving Global Populism?
Donald Trump’s victory in the November 2016 election for president of the United States astonished the world. Though he had never held political office, he won the Republican nomination. The leading polls predicted his loss to Hillary Clinton in the general election, but he prevailed. How was this possible? John Judis’s book was written before […]
Delcath Systems Share Price Has Risen Over 1000% In The Past Month On No News And Is Engaged In Death Spiral Financing
Delcath Systems (DCTH) is an interventional oncology company focusing on the treatment of liver cancer. It is still doing trials on its Melblez Kit filter system that was failed to be approved by the FDA way back in 2013. The stock is up 1000% over the past month on no news, just recently created hype. […]
Italy’s Bank Bailout Rewards Reckless Behavior
Last week, two more Italian banks were forced to close due to insolvency. As is often the case, bad loans were the cause of the downfall for both banks. They made too many risky bets on borrowers that didn’t pay off. On the Hook for Billions The Italian taxpayer, who will be forced to bail […]
Which States Have The Highest Cost Of Living? Lowest?
from the St Louis Fed — this post authored by Maximiliano Dvorkin and Hannah Shell Intuition tells us that a $40,000 income in Nebraska will go farther in terms of purchasing power than in California. Indeed, cost of living differences across states are important factors to consider when comparing income and budget constraints. A new dataset should […]
Bear Of The Day: Statoil (STO)
One area of the market that has been in trouble despite an overall surge in asset prices is the oil sector. This corner of the market has experienced underperformance relative to broad benchmarks, and there is little prospect for a turnaround in the weeks ahead either. That is because, no matter what good news hits […]
EUR/USD At The Highest Level In 16 Months
Despite the recent remarks by many of the Federal Reserve members last week, the US Dollar failed once again to sustain any gains across the board. This is also despite the fact that the Federal Reserve is planning to sell some of its assets later this year. Most of the members including the Federal Reserve […]
