Checking In On One Of My Favorite Market Indicators
Take a look at one of my favorite stock market indicators I haven’t done a post exclusively on the T2108 in a long time, so I thought today would be a good day to do exactly that as the market has put together a very nice week so far and warrants a review of the […]
Tom Cloud Precious Metals Update: Misinformation In The Gold & Silver Market
In this precious metals update, Tom Cloud discusses the misinformation about the gold and silver market. Tom explains the difference between what is taking place in gold and silver versus the broader stock market. For example, Tom states that the stock market which is currently trading at 29 times earnings compared to the norm of […]
Proto Labs Climbs After Earnings Beat On Top And Bottom Line
Shares of Proto Labs (PRLB), an e-commerce driven digital manufacturer of on-demand 3D-printed, computer numerical control machined and injection-molded custom parts, surged in morning trading after the company reported quarterly earnings that beat analysts’ expectations and guidance was in-line with estimates. QUARTERLY EARNINGS BEAT: For the first quarter, Proto Labs reported adjusted earnings per share […]
Aircraft Orders: The Only Durable Goods Item Humming
Durable goods orders for March rose 0.7% vs an Econoday consensus of 1.1%. Revisions lifted February gains from1.7% to 2.3%. Once again the good news stops there. Aircraft lifted durable orders throughout the first quarter and made for a very solid 0.7 percent rise in March. But the story is different when excluding civilian aircraft as the ex-transportation […]
The Effect Of Currency On International Returns
My wife and I took a cruise through Europe in the fall of 2013 along the Mediterranean. As we arrived at different ports and visited various cities along the sea, I was floored by how little my dollar went overseas. With a foreign exchange (FX) rate of about $1.40/€, enjoying a €5 gelato while walking […]
Triple-Energy Bear Shines
Crazy morning so far, but only because I’ve been dragged away from my computers to deal with other matters. Luckily, my ERY long (entered this morning) is doing well, and at long last the cup with handle pattern is complete. Go, oil, go!
Bitcoin Spikes To Record Highs
US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have ‘stabilized’, fears over the so-called ‘hard fork’ have abated, and hopes for an ETF have been revived by an SEC review. Back above the price of […]
Hope Is Back In The Air, But The Devil Is In The Details
Eight days ago, the stock market looked to be in trouble. The S&P 500 had closed at a “lower low” on the daily chart, the weekly chart was in a downtrend, and the bears were busy telling anyone that would listen it was their time to shine. Pundits were busy pointing out the downside potential […]
Good Prospects For Biotech Verona Pharma’s Thursday IPO
Deal Summary Verona Pharma (Nasdaq:VRNA), a company currently developing inhaled treatments for respiratory diseases, has announced its plans to IPO on the Nasdaq Stock Exchange. The company filed confidentially on November 23, 2016 and plans to list under the symbol VRNA. Verona expects net proceeds of $77.1M through the IPO (assuming underwriting exercise in full their […]
