Jefferies Says Buy Expedia, Sell TripAdvisor Amid Transition
Research firm Jefferies upgraded online travel agency Expedia (EXPE) to Buy from Hold, predicting that the company’s revenue will increase at least 10% annually for the next two years. However, the analyst downgraded TripAdvisor (TRIP) to Underperform, its equivalent of a sell rating, from Hold. The firm believes that the stock will only rise by […]
USD/CAD Forecast Aug. 28-Sep. 1 2017
Dollar/CAD may have ended the consolidation phase and is resuming its downtrend. Will it reach new lows? GDP stands out as we turn the page on September. Here are the highlights and an updated technical analysis for USD/CAD. Canadian wholesales sales disappointed with a drop of 0.5%, significantly worse than expected. However, retail sales provided the […]
Finally Some Good News On Chinese Leverage?
A July 15 meeting of China’s National Financial Work Conference, with Chinese GDP growth slowing and the country under criticism for its leverage management practices, put on display “a refreshed commitment to vigilance to financial risks and reforms to curb leverage,” a Moody’s report said. The encouragement is a change from analysis earlier in the year from the ratings […]
E Here Are Two Exposures To The Coming Copper Boom With Near Term Catalysts
For the last five years, copper has taken something of a backseat in the mining industry from an investment perspective. Precious metals like gold and silver have dominated speculative capital inflow and a large number of companies operating in these latter two resource spaces have appreciated in line with the price of the underlying assets. […]
U.S. Steel Imports Show No Signs Of Abating: Up 22% YTD
Imports of cheap steel continue to haunt the American steel industry. Steel imports have shot up roughly 22% year to date – according to the American Iron and Steel Institute (AISI), an association of North American steel makers. Per AISI, based on preliminary U.S. Census Bureau data, total U.S. steel imports went up 22.1% year […]
Blazing Saddles, Flying Sacks Of Heroin, And The Debt Ceiling
People just can’t hide it anymore. Either that, or they’re trying to hide it but the reality of the situation has become so inherently ridiculous that simply describing what’s actually going on is now funny. There’s no need for spin. No sarcasm is necessary. The well-done New York strip is just perfect without a side of cynical ketchup. […]
Trying To Understand Cheniere On A Napkin
On the surface Cheniere Energy (LNG) can be a difficult to understand. But if you break it down in small parts it’s not so bad. I’m trying to understand the gap in price between LNG and CQH. LNG owns 80% of CQH and CQH owns 48.9% of CQP. Is LNG more risky than CQH? LNG owns […]
The Real Story Behind Bulging Bitcoin
Did you make $20,000 today? Well, you could have. In fact, you could have made tons more money. All you had to do was own some bitcoin, the cryptocurrency. As I write, bitcoin is up 47% for the month, jumping by several hundred dollars a day. What idiot doesn’t want to own this asset? Oh, that’s right. Me. Because […]
How Hurricane Harvey Could Actually Be Bad News For Oil Price
Fundamental Forecast for USOIL: Neutral Talking Points: Oil market demand structure exposed as Hurricane Harvey exposes refinery risk Gasoline spread volatility shows concern is focused on oil products over oil output in W. Texas Per BHI, US Oil Rigs falls by 4 rigs. Rig count drops by 4 to 759 active US oil rigs IGCS showing increase in […]
