Draghi Does Nothing And Talks About It
As widely expected, the ECB left its key rates and asset purchase plan intact. It reiterated its forward guidance that rates will remain at present levels or lower. Draghi was more confident about the economy, suggesting that the downside risks had further diminished. They are more closely to balanced, which sets up the potential […]
Big Is Never Big Enough
The biggest, best, massive tax cut plan in all human history was not enough to shake the petroleum sector out of its bearish slumber. The petroleum sector has been dripping down slowly like a good old fashion water torture as the market is fixated on short-term supplies and not our future. While the market continues […]
E NZDUSD Intraday Drop
NZDUSD is falling sharply, probably because wave four found a top and current drop may be the start of final wave five. That said, the price may see some support and limited downside around the 0.6849 region where wave one would equal wave five, or if price continues beneath this level around the 261.8 Fibonacci […]
Celgene Beats On Q1 Earnings, Misses On Sales
Summit, NJ based Celgene Corporation (CELG – Free Report) is a biopharmaceutical company focused on the discovery, development and commercialization of drugs targeting cancer and inflammatory diseases. Celgene’s key growth driver is Revlimid. The company’s portfolio also includes Pomalyst/Imnovid, Abraxane, Otezla, Istodax, Vidaza and Thalomid/Thalidomide. However, Celgene is facing generic competition for Vidaza. In this scenario, investor focus remains […]
The Most Hated Bull Market In History: Update
The PM complex has been taking up most of my time the last couple of weeks so tonight I would like to update you on some of the stock market indexes. No matter how one wants to spin it the US stock markets have been in a bull market since 2009 by any trading discipline. […]
E China Yields To Trump; Putin Pushes
While the relief rally in France over Macron’s lead continues, there is reason for caution. Leftist candidate Mélanchon is refusing to back the former Rothschild banker against Marine Le Pen, the anti-immigrant right-wing populist. And once again, according to both Macron’s En Marche movement and Japanese counter-espionage trackers, Vladimir Putin’s pirates are trying to hack into the […]
No Reasonable Retracement In Equities Yet: S&P 500 And CAC 40 Outlook
Since the Q4 of last year until today, we haven’t seen a reasonable retracement in global equities, especially in the US equities. For the past few weeks, S&P 500 and DowJones had a slight retracement to the downside, which did not exceed 3%. This was right before the French election, which was considered as the […]
Domino’s Pizza Comps Skyrocket As Q1 Earnings Top Expectations
Written by StockNews.com Domino’s Pizza, Inc. (NYSE: DPZ) early Thursday posted much better than expected first quarter earnings results, as sales at established stores surged from last year.
UPS Shares Rise On Earnings Beat, Sirius XM Holdings Inc. Falls On In-Line Results
UPS (UPS) and Sirius XM (SIRI) released their latest earnings reports before opening bell this morning. UPS reported earnings of $1.32 per share on $15.3 billion in revenue, against the Wall Street consensus estimates of $1.29 per share and $15.2 billion. In last year’s first quarter, the shipping company reported $1.27 per share in earnings […]
Dow Chemical Tops Q1 Earnings & Sales Estimates
Dow Chemical (DOW – Free Report) is the biggest U.S. chemical maker by sales, offering a vast range of chemical, plastic and agricultural products and services. As the company’s products are used in almost every industry, its results put a spotlight on end market scenario and demand trends for chemical products across a bevy of industries. Dow is […]
