Manufacturing PMIs, US Jobs, And Implications Of Harvey
As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback’s gains yesterday. Manufacturing PMIs from China, EMU, and the UK have been reported, while in the US, the August jobs data stand in the way of the long […]
This Indicator Says To Buy The Dips
One of the indicators I refer to when it comes to identifying whether we are still in a bull market or transitioning into a bear market is the Dow Theory. The Dow Theory is more than a century old, and it’s one of the most followed and studied market indicators out there. Simply put, the […]
The Only Thing Permanent Is Uncertainty
For the last few months we’ve experienced some uncertain and unnerving events across the US and the globe. Presidential elections, threats of war, terrorism, and political arguing can make weathering your portfolio and financial plan uneasy, if not difficult at times. Add that to the daily responsibilities of your occupation, family, and finances, and we […]
Opiant Phamaceuticals – Chart Of The Day
The Chart of the Day belongs to Opiant Pharmaceuticals (OTCQB:OPNT). I found the pharmaceutical stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipcahrt feature to review the charts. Since the Trend Spotter signaled a buy in 7/6 the stock gained 41.88%. Opiant Pharmaceuticals, Inc. is a specialty […]
Tech Data Corporation Shares Crash On Lower Than Expected Earnings
Tech Data Corporation, a company that distributes wholesale technology products yesterday reported their fiscal second quarter 2017 financial results. Tech Data reported adjusted second quarter earnings of $1.74 per share which fell short of analyst expectations of $2.06 per share. Tech Data reported second quarter revenues of $8.8 billion which beat analyst expectations of $8.71 billion. […]
Biotech Digest – IMDZ Reports Data, JNJ Terminates Collaboration
Top Pick of the Day: IMDZ Immune Design (IMDZ) announced interim top line data from a Phase 2 clinical trial assessing the combination of its CMB305 and Roche’s TECENTRIQ (atezolizumab) compared to TECENTRIQ alone in 88 soft tissue sarcoma patients. The data showed a treatment effect from CMB305. Data on the first 36 patients demonstrated […]
Equity Market Nears Record High And Investors Become Less Bullish
As the equity market nears a record high, both institutional and individual investors continue to indicate they are less bullish. The NAAIM Exposure Index continues to decline with long equity exposure down to 77%. Yesterday’s AAII Sentiment Survey report showed bullish sentiment fell another 3.1 percentage points to 25% and now is below the minus one standard deviation […]
Servicemaster Powers Up To Help Texas Homeowners
With the National Weather Center now calling the flooding in Texas “unprecedented,” the cost to Texans both in lives as well as cleanup is mounting with each passing hour. Emergency evacuations are underway in Houston and one thing is clear – the ongoing flooding with be extremely dangerous and life threatening to residents in the […]
Markit Manufacturing PMI: Slip In August
The August US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 52.8, down from the 53.3 final July figure. Today’s headline number was above the Investing.com forecast of 52.5. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from Chris […]
