Morgan Stanley Snaps The Neck On SNAP’s Share Price With Downgrade
In an event rarely seen on Wall Street, Morgan Stanley-the lead underwriter of the Snap Inc. IPO- downgraded shares of Snap on Tuesday July 11th, 2017. In the process of doing the lead underwriting, Morgan Stanley earned $26 million dollars in fees. The analyst that downgraded the stock lowered his rating from overweight to equal-weight […]
Stocks Ready To Breakout Again
Stocks ready to bust a move despite yesterday’s freak-out. That was a fast, hard, sell-off that came out of nowhere yesterday and looked like it was going to really bring down the market in a big way until the Senate announced that they were going to do their job and actually work and not take […]
BoC Raises Rates – Canadian Dollar Jumps – USD/CAD Down 100 Pips
The Bank of Canada met expectations and raised rates from 0.50% to 0.75%. In the accompanying statement, the Ottawa based institution says that the current softer inflation is mostly due to temporary factors. This is a hawkish tone implying more hikes. USD/CAD is falling to a new low of 1.2874. The C$ is strong. Support […]
Recent Swing Trade Strategy Examples: KEM, COHR, UCTT
Some very recent swing trades, based on strong up trends and the ‘trending swing trade strategy’ which looks to capitalize by buying during pullbacks. Kemet Corp. (KEM) – This stock is on the radar because it is has produced nice winning trades in the past (discussed in prior articles). At first glance this may not appear […]
Bull Of The Day: E*Trade Financial (ETFC)
Like many stocks in the financial world, those in the brokerage industry have been on the upswing in recent sessions. While many forget about this area as a winner from growing prospects for a rate hike, the space is actually one of the biggest beneficiaries in such an environment. That is because companies in this […]
Three Most Popular Dividend Stocks For Top Investors
What are dividend investors looking for? The holy grail of dividend investing means stocks in strong companies which pay out a high dividend yield. The yield can provide a steady source of income every quarter which, investors hope, will increase over time. This money can even be reinvested back into the company to ramp up […]
Wynn Resorts Looks Ready For Another Break Higher
Wynn Resorts (WYNN) is one of my favorite names. It has been a solid performer in 2017, and it doesn’t appear to be losing steam. The chart shows a series of higher highs and higher lows, with volume levels surging on up days. Price action has been solidly bullish, and most indicators are showing strong […]
An Extraordinary Statement
Today and tomorrow, Yellen will be treating the world to her Congressional testimony. Her remarks have been released, and the summation of her entire disposition was boiled down to this one sentence: ““I see roughly equal odds that the U.S. economy’s performance will be somewhat stronger or somewhat less strong than we currently project…” So has Janet joined the Elliott Wave […]
Fed Chair To Tell Congress ‘Gradual’ Rate Raises Likely Appropriate
Federal Reserve Chair Janet Yellen will tell Congress in her semiannual monetary policy report, “Considerable uncertainty always attends the economic outlook”. There is, for example, uncertainty about when–and how much–inflation will respond to tightening resource utilization. Possible changes in fiscal and other government policies here in the United States represent another source of uncertainty. In […]
Is The U.S. Workforce At Full Recovery?
We’ve updated our monthly workforce analysis to include last week’s Employment Report for June. The unemployment rate ticked back up from 4.3% to 4.4%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) surprised forecasts at 222K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the […]
