MyoKardia Brings Hope To Hypertrophic Cardiomyopathy Patients
Written by Dan Cohen and Scott Matusow Currently, we are in the midst of a dramatic shift in the field of biotechnology and the Stock Market is beginning to take notice, as evidenced by the recent surge in the iShares Nasdaq Biotechnology (IBB ) and SPDR S&P Biotech ETF’s (XBI). Significant improvements in computational and genomic tools have […]
Morgan Stanley Slashes SNAP Price Target To $16 From $28 After Sub-IPO Plunge
Just hours after Snap(chat), or rather its shareholders, were gravely injured when the stock tumbled below its IPO price, one of the company’s IPO underwriters Morgan Stanley decided to add some insult, when its analyst Brian Nowak downgraded the social network, or photo app, or whatever it is these days, to equal-weight, cutting its price […]
Pound Tests Support As USD Attempts To Build A Bullish Base
Today is expected to be a rather light day across American financial markets, as a thin economic calendar leads into a really big two-day event beginning tomorrow with the start of the Federal Reserve’s twice-annual Humphrey Hawkins testimony. Tomorrow will see Fed Chair Janet Yellen testify in front of the House of Representatives and on […]
AUD/NZD Proceeds With Uptrend As Expected
The AUD/NZD went exactly as planned rejecting from the POC zone. Our previous AUD/NZD analysis showed a strong support which was respected and the pair proceeds with uptrend. The pair is above W H3 and D H5 which suggests strong uptrend. If we see a retracement, pay attention to POC 1.0465-85 (50.0, ATR pivot, W H3, D […]
Bull Of The Day: Etsy (ETSY)
Etsy, Inc. (ETSY – Free Report) is attempting to become profitable for the first time since its IPO in 2015. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2018. Etsy is the online market place where people make, sell and buy unique goods. Founded in 2005, it is […]
E Trump Russia Reset Is Redundant
The Trump attempt to get get a “reset” with Putin in Germany was not only misguided but unnecessary. The reason is that Germany’s leading company already has worked out how to avoid the boycott placed on Russia over its seizure of the Crimea and parts of eastern Ukraine, as revealed yesterday by the Frankfurter Allgemeine Zeitung on […]
Street Expectations For Apple Are Too High, Says Deutsche Bank
Street expectations for Apple are too high and investors will be disappointed by iPhone growth in fiscal years 2018 and 2019, Deutsche Bank analyst Sherri Scribner tells investors in a research note titled “FY-18 ‘supercycle’ is more likely just a cycle.” She believes the market has become “overly optimistic” on iPhone’s potential sales into this […]
Yen Weakens As Abe Switches To Crisis Management Mode
Negative economic releases, scandals and polls are surrounding the Japanese Prime Minister Shinzo Abe, who appears to have switched to crisis management mode, leading the Japanese Yen to decline further since the beginning of the week. Weekend Polls The support for the Japanese Prime Minister Shinzo Abe slumped to record lows in multiple media polls […]
GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY At Crossroads
Video length: 00:07:13 The US Dollar (via DXY Index) is having a quiet morning after a lackluster day yesterday, as an empty economic calendar in the first two days of the week have left traders searching for catalysts. Today, important data releases are notably absent from the calendar in the North American trading session, and […]
E Monetary Normalization In A Nutshell
The chorus singing for a concerted effort to “normalize” monetary policy is getting louder every day. Monetary policy is highly accommodative with nominal rates barely above zero and, more significantly, with real rates negative. The latest mantra has been taken up with the possibility of financial instability arising out low-interest rates and bloated central bank […]
