The Ingredients For A US Productivity Revival
It’s easy to find gloomy predictions for continued slow growth of the US economy. Thus, Lee Branstetter and Daniel Sichel caught my eye with their essay, “The Lee Branstetter and Daniel Sichel caught my eye with their essay, “The written as a “Policy Brief” for the Peterson Institute of International Economics (June 2017, PB17-26). Here how they start: […]
Billion Dollar Unicorns: Yello Mobile Delays IPO
South Korean Billion Dollar Unicorn club member Yello Mobile had been planning to go public this year. But recent financial results suggest that those plans may have been delayed by a year. Yello Mobile’s Offerings Sanghyuk Lee, a former executive at South Korean Internet company Daum Communications Corp founded Yello Mobile in 2013 to set up a company […]
USD/CAD Bearish Behavior To Persist As BoC Alters Policy Outlook
Ticker Last High Low Daily Change (pip) Daily Range (pip) NZD/USD 0.7319 0.7369 0.7247 55 122 NZD/USD breaks the monthly opening range following the semi-annual Humphrey-Hawkins testimony, but the near-term outlook remains riddled with mixed signs as the pair fails to test the 2017-high (0.7376). The price action from February may serve as a blueprint as […]
Another AMD Comeback: Stock Says Most Certainly Yes, But I’m Skeptical
At first glance you might very well think Advanced Micro Devices (AMD) is having a hugely successful rebirth. Here is two-year chart of the semiconductor company’s stock price: After so many fits and starts and promises over the last few decades, with little to show for it in the way of sustainable profitability, I had not really looked […]
4 Top-Ranked Non-US Mutual Funds For Steady Returns
Investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Moreover, non-U.S. mutual funds are excellent choices for those looking to diversify their investments across a wide range of foreign countries including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove profitable. Below we share with you […]
The Philly Fed ADS Business Conditions Index Update
Note: We’ve updated our periodic look at the Philly Fed ADS Index today’s release, which includes jobless claims through July 8. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, […]
5 Pharma & Biotech Stocks That Could Be Big Winners In Q2 Earnings
Drug stocks have bounced back this year with the Nasdaq Biotechnology Index and the NYSE ARCA Pharmaceutical Index gaining 18.6% and 10.8%, respectively, year-to-date (YTD). There are several reasons for this improved performance. Investors are now more comfortable with the drug pricing scenario and are willing to look at the fundamentals of the sector. […]
Retail: Ding
I’m sure you’ve heard that malls are getting killed. Pretty soon there will be no malls. Except for those with a Planet Fitness! Source: WZZM There has been lots of ink (and electrons) spilled over the death of retail. Everyone knows it is only a matter of time before Amazon puts every department store, every […]
Breaking Out Of The Channel
The Dow hits new highs, S&P 500 & Nasdaq not far behind. The S&P has rallied 31 points off of the Tuesday’s lows when Don Jr.’s emails hit the wire. Yeah, it actually sparked a sell-off, but like all sell-offs, it was short lived. Instead, stocks are staring down the barrel of all-time highs, and […]
Oil Hovering Around The Lowest Level Since November
For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude managed to trade between $47 and $42, despite the fact that […]
