Let’s Stick To What We Know
Investors have found it difficult to resist the temptation to become armchair generals in response to the recent flurry of geopolitical volatility. I have some sympathy for that. Political experts told us that Mr. Trump would mark the beginning of a new U.S. isolationism, and even speculated about the emergence of a new Monroe doctrine. […]
Too Hot To Handle Twist: Econoday “Thankful” For Empire State Manufacturing Cooling
The Econoday consensus estimate for the Empire State manufacturing index was +15.0 in a range of 13.0 to 17.2. The actual index reading was 5.2, down 11.2 points from last month’s reading of 16.4. In a new twist on the state of the allegedly strengthening economy, Econoday is “thankful” for the cooling. Highlights Activity is thankfully cooling in […]
Does Market Sentiment Help Explain Momentum?
Momentum is the tendency for assets that have performed well (poorly) in the recent past to continue to perform well (poorly) in the future, at least for a short period of time. In 1997, Mark Carhart, in his study “On Persistence in Mutual Fund Performance,” was the first academic to use momentum, together with the […]
Global Infrastructure ETF (IGF) Hits New 52-Week High
For investors looking for momentum, the iShares Global Infrastructure ETF (IGF –Free Report) is probably on your radar now. The fund just hit a 52-week high and shares of IGF are up roughly 14.41% from their 52-week low price of $37.33/share. But could more gains be ahead for this ETF? Let’s take a quick look at […]
Ford: Time To Buy It
FIBOCALL: Ford (F) – mentioned on CNBC The whole panel on CNBC did not like F here, so it’s a good reason to own some. With the 11/9/16 low @ 11.07 holding, you can own some now. A close above 11.25 to add to longs. The 20 DMA @ 11.49 50 DMA @ 12.13 Our […]
Alibaba Group Holding Ltd. Affiliate Ups Offer For MoneyGram International Inc.
Written by StockNews.com China-based Ant Financial, an online payments specialist founded by Alibaba Group Holding Ltd. (NYSE:BABA), has substantially upped its takeover offer to U.S.-based money transfer giant MoneyGram International Inc. (NASDAQ:MGI). Ant boosted its bid for MoneyGram by 36% from its prior offer, to $18 per share in cash, or $1.2 billion. That’s up from […]
Incyte, Eli Lilly Plunge After FDA Won’t Approve Arthritis Drug
Shares of drugmaker Incyte (INCY) and mega-cap partner Eli Lilly (LLY) are sliding after the Food and Drug Administration rejected their application for rheumatoid arthritis therapy baricitinib in its current form, due to safety concerns. Nonetheless, the latter reaffirmed its 2017 and mid-term guidance. The news sparked varied reactions from Wall Street analysts. While some […]
Game On: A Look At Markets This Week
Turning to the markets, tensions with North Korea and better-than expected economic data out of China are in focus this morning. The Dow, S&P 500 and Nasdaq indices are coming off three straight losing sessions and start the day at two month lows. And with the Dow and S&P having put in a “lower low” […]
Computer Services: A Would-Be Dividend Aristocrat
The Federal Reserve increased interest rates in March, and last December as well. Without a doubt, interest rates are on the rise. Many investors are looking to the financial industry to capitalize on this trend. Large-cap banks like Wells Fargo (WFC) and J.P. Morgan (JPM) see increases in their net interest margins as benchmark interest rates move upwards, which will in […]
