Is The Bearish Run Over For British Pound ETFs?
British Prime Minister Theresa May stunned investors with a surprise announcement to hold a snap general election on June 8, three years ahead of the 2020 schedule. Resistance from opposition parties and members of the House of Lords to Brexit negotiations prompted Theresa May to take this decision. The early election will increase May’s mandate […]
Gold Elliott Wave View: Pullback Ending
Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at 1279.75, Minutte wave (iv) ended at 1271.69 and Minutte wave (v) of (a) ended at 1295.6 peak. Below […]
TD Ameritrade Holding Corp. Revenue & Assets Hit New Records In Q2
Written by StockNews.com TD Ameritrade Holding Corp. (Nasdaq: AMTD) early Wednesday posted mixed second quarter earnings results, with profit barely missing expectations, although revenue and client assets both hit new records. The Omaha-based investment brokerage reported: Q2 earnings per share (EPS) of $0.40, which was $0.01 worse than the Wall Street consensus estimate of $0.41. Revenues […]
WTI/RBOB Tumble After Surprise Gasoline Build, Crude Production Hits 20-Month Highs
Following API’s surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories. Crude inventories drew down for the 2nd week in a row. WTI prices slipped though as production rose to its highest since Aug 2015. API Crude -840k (-1.4mm exp) Cushing -672k Gasoline +1.374mm (-2mm exp) Distillates -1.8mm DOE Crude -1.034mm (-1.4mm […]
The Hotel Industry’s Plot To Take Down Airbnb Using State Power
It is no shocker that the hotel industry has had it in for Airbnb and the entire homesharing economy. However, the New York Times has recently obtained documents that solidify what many free market champions already know: Airbnb has caused an enormous disruption in the traditional hotel sector, and the established industry cartels are determined to regulate homesharing into […]
Wells Fargo: Hitch The Wagon And Ride On Up
If there is one company that is being punished lately, it is Wells Fargo (WFC). The bank was plagued last year with a massive consumer scandal that caused investor panic and dissension and the eventual removal of the CEO. It’s been a tough road back, but the stock recently peaked at all-time highs. It has […]
How To Fix The Most Demoralizing Thing About Trading
What the most demoralizing thing about trading? Losing. Losing is by far the most demoralizing aspect of trading for anyone who tries it for longer than a week. Rookie traders sometimes catch a burst of beginners luck and will make five, ten, twenty winning trades in a row — which is just about the worst […]
Better Big Pharma Dividend Stock: Pfizer Or Teva?
Investors can count on the health care sector for dividends. Pfizer (PFE) and Teva Pharmaceuticals (TEVA) have dividend yields of 3.8% and 4.2%, respectively. Their dividend track records are spotty: Pfizer cut its dividend by 50% in 2009, and Teva hasn’t raised its dividend since 2015. That said, Pfizer, it has raised its dividend each […]
REIT Pair Trade: Long Prologis And Short Simon Property Group
Summary: REIT Pair Trade With more shoppers turning to online avenues, we expect brick and mortar shopping malls will continue to lose relevance and value. At the same time, companies are increasingly eager to compete with Amazon (Nasdaq:AMZN) by offering fast shipping. To do so they are leasing logistics centers and warehouses near cities and busy […]
EUR/NZD Into Resistance- Pullback To Offer Entries
EURNZD Daily Technical Outlook: EURNZD rebounded off confluence support earlier this week at 1.5122 where the 38.2% retracement of the 2017 range converges on down-slope support. The rally is now testing initial resistance at the trendline extending off the yearly high. The broader focus for the pair remains weighted to the topside while above the 1.50-handle (bullish invalidation) with […]
