EUR/USD July Range At Risk As Fed Chair Yellen Testifies To Congress
Ticker Last High Low Daily Change (pip) Daily Range (pip) EUR/USD 1.1419 1.1425 1.1383 20 42 EUR/USD volatility may continue to dwindle ahead of the semi-annual Humphrey-Hawkins testimony, but the pair stands at risk of threatening the monthly opening range should fresh remarks from Fed Chair Janet Yellen shift market expectations. Chair Yellen may strike a hawkish […]
A Bull Era Tag Team
Most precious metal assets staged a solid “comeback rally” against government fiat yesterday. Double-click to enlarge this key GDX chart. There’s decent intermediate trend technical support in the $21 area. Hardcore accumulators can place buy orders for GDX in the $23 to $18 price zone. To understand why this is a good idea, please look […]
Gold Bulls Want To See King Dollar Weakness Here
Gold for nearly a decade (2000-2011) was much stronger than the US Dollar, reflected at (1) below. Once this ratio peaked in 2011, it has created a series of lower highs along falling resistance (2) in the chart below. A counter trend rally has taken place since last year, taking the ratio up to the […]
5 Unappreciated Stocks With High ROICs
These are difficult times for value investors. Stock prices keep rising as profits stagnate. Overvalued stocks such as Netflix (NFLX: $147/share) continue to make new highs. Even legendary value investor Jeremy Grantham seems to have thrown in the towel. Earlier this month, Goldman Sachs issued a report titled “The Death of Value.” Our message to value investors: don’t despair. Value […]
FV Profiting From Arbitrage Within The Natural Resource Sector
I recently caught up with Jayant Bhandari and he shared his insights on how to profit from arbitrage within mergers and acquisitions deals in the resource sector.
Will Delta Continue Flying High?
Photo Credit: Bernal Saborio Delta Airlines (DAL) is set to release Q2 results on Thursday, July 13. Estimize and The Street have been very much in line with each other when it comes to their estimates for Delta’s EPS. According to Estimize, EPS is set to increase roughly 114%, from $0.77 in FQ1’17, up to $1.65 […]
Altice Is Wired To Soar Ahead Of Quiet Period Expiration
Overview The quiet period for the Altice (ATUS) IPO is scheduled to expire on July 17, 2017. Beginning on July 18, 2017, the company’s underwriters will be able to release recommendations and reports about the company. This is according to SEC guidelines. We believe that the release of the reports could result in a temporary boost in […]
Morgan Stanley Sees Tesla As ‘Expensive Call Option’ On Next-Gen Transportation
Following the recent pullback in Tesla (TSLA) shares, Morgan Stanley analyst Adam Jonas revisited his thoughts on the stock and concluded that, at current valuation, Tesla remains “a rather expensive call option” on the addressable markets of next-generation transportation and energy. With protectionism an increasing worry as Tesla threatens to “flood” international markets with its […]
Declining Channel Remains Intact
The rally took stocks right up to the 20-day moving average before selling off at the close. For the past couple of weeks that 20-day moving average has been an absolute pest to the S&P 500 and traders as a whole. Today it kissed the MA and then sold off hard right thereafter into the […]
PepsiCo (PEP) Tops Q2 Earnings & Revenue Estimates
PepsiCo, Inc. (PEP – Free Report) is one of the largest food and beverage business in North America and the second largest in the world. The company boasts a diverse portfolio, both geographically and product wise. Its principal brands/businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company has the competitive advantage […]
