Catalent, Inc. Shares Come To Life On Better Than Expected Earnings
Catalent, Inc. (CTLT), a global company that provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products yesterday reported their fiscal fourth quarter 2017 financial results. Catalent reported adjusted fourth quarter earnings of $0.65 per share which beat analyst expectations of $0.57 per share and revenues of $616.9 million which beat analyst expectations […]
Sensex Snaps 360 Points; Power Stocks Drag
Indian share markets finished in deep red today, breaking a four day positive streak. At the closing bell, the BSE Sensex closed lower by 363 points and the NSE Nifty finished lower by 117 points. The S&P BSE Mid Cap finished down by 0.9% while & S&P BSE Small Cap too finished lower by 1.1%. Asian stock markets finished mixed as of the most […]
USD/CAD Forecast – Tuesday, August 29
USDCAD extended its short term downtrend from 1.2778 to as low as 1.2444, facing the previous low support at 1.2413. A breakdown below this level could signal resumption of the downtrend from 1.3793 (May 5 high), then next target would be at 1.2300, followed by 1.2050. Near-term resistance is at the top trend line of the […]
Indian EdTech Startup BYJU’S Turns Profitable
According to a study by Global Industry Analysts, the global private tutoring market is projected to surpass $102.8 billion by 2018. The Indian private coaching industry was estimated to be worth $45 billion in 2015 and expected to reach $70 billion by 2017. The BYJU’s learning app from Think and Learn Pvt Ltd is one […]
A Decade Of G7 Central Bank Collusion – And Counting…
Since late 2007, the Federal Reserve has embarked on grand-scale collusion with other G-7 central banks to manufacture a massive amount of money. The scope and degree of this collusion are historically unprecedented and by admission of the perpetrators, unconventional in approach, and – depending on the speech – ineffective. Central bank efforts to provide […]
Bitcoin Hits New Record High, Ethereum Jumps On Korean Interest
Bitcoin (BTC) Makes Yet Another Record High Print Another day, another record high as BTC trades in excess of $4600 on renewed buying interest. The token’s capitalization also rose to just under $76 billion, helping push the total crypto-currency market capitalization to just over $164 billion. With political tensions continuing to ramp up, after North […]
Consumer Confidence Improved Again In August
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through August 16. The headline number of 122.9 was an increase from the final reading of 120.0 for July, a downward revision from 121.1. Today’s number was above the Investing.com consensus of 120.3. Here is an excerpt from the Conference Board press release. […]
USD/JPY: A Breakdown Below Weekly Ichimoku Cloud Key; Levels & Targets
USD/JPY is edging lower, dancing above the 108.10 level after North Korea fired a missile over Japan. The team at Bank of America Merrill Lynch examines the weekly Ichimoku cloud and lists the next levels to watch out for. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research notes […]
Technically Speaking: Quick Update (The Flood Edition)
I don’t often make political commentary in my missives unless it specifically relates to the financial markets. However, today I want to make an exception and tell you what I’ve witnessed. As you are probably aware, I live in Houston where we are currently being hit by the worst hurricane/storm since 1986. Currently, I am one […]
Moving Averages On The Downturn
A key trait of the S&P 500’s strong performance this year has been that the major moving averages of the index and its industry groups have all been trending higher all year. In fact, there hasn’t been a single day all year where the S&P 500’s 50 or 200-day moving average (DMA) was lower than […]
