Arena Pharmaceuticals 1Q Loss Narrower-Than-Expected
Arena Pharmaceuticals, Inc. (ARNA – Analyst Report) reported a first-quarter 2015 loss of 10 cents per share, narrower than the Zacks Consensus Estimate of a loss of 14 cents and the year-ago loss of 12 cents. Total revenues increased 79.9% year over year to $12.3 million, surpassing the Zacks Consensus Estimate of $10 million. Reported quarter revenues include […]
US Dollar Falls As Bond Sell-Off Continues
The unwinding of the long bonds/long US dollar position is continuing this week after it appeared to have reached climactic proportions last week. Eurozone benchmark 10-year yields are 11-12 bp higher today. Gilt yields are up almost as much. Despite some encouraging signs from the Eurogroup meeting yesterday, 10-year Greek yields are up 15 bp. US […]
Household Spending Growth Expectations Plunge; Recession Already Started?
Every month the Fed does a Survey of Consumer Expectations for inflation, earnings growth, income growth, and consumer spending growth. In the microeconomic data overview, the Fed provided charts for the first three sets of expectations. I downloaded the data and created my own chart of spending expectations. First let’s consider some details from the report. Emphasis […]
China Could Hold Oil Market To Ransom, Tops US As World’s Largest Importer
For the first time in history, China overtook the US as the world’s biggest importer of crude oil in April, as The FT reports, representing the culmination of a seismic shift in global energy flows over the past decade. The jump in China imports last month was partly down to higher shipments from Iran, who “may be offering […]
Gold Remains Within Narrow Range
Gold edged lower on Monday as strength in the dollar pushed prices down but uncertainty about the timing of a U.S. interest rate increase limited losses. Last week’s U.S. jobs report fueled optimism the second quarter will be better than the first quarter though downward revisions to previous figures raised the possibility that the Federal […]
3 Stocks With Magic PEG Ratios
For generations, value investors have looked to the price-to-earnings ratio, or P/E, as a means to finding value stocks. However, Benjamin Graham, long considered to be the “father” of value investing, found that a low price-to-earnings ratio wasn’t enough to unearth the true undervalued companies. Graham combined the low price-to-earnings ratios with the power of […]
EURUSD Short Term News Trade Opportunity Tuesday: Strategy, Fundamental & Technical Considerations
How to trade the EURUSD given the key EURUSD events: German GDP, Greek IMF payment, US retail sales – our favorite simple short term news trade and how to play it -There are a 3 potential short term EURUSD news trades today -Why we prefer the Greek IMF repayment as the best simple short news […]
Auryn’s Management Finds Success In The Prudent, Measured Approach
After Agnico Eagle Mines gobbled up Cayden Resources in a mostly share-based deal worth CA$205 million, Shawn Wallace and Ivan Bebek are back with another gold exploration story: Auryn Resources. The successful tandem—with Wallace as CEO and Bebek as chairman—have a following among junior gold investors and hope to grow the Committee Bay gold project […]
Japanese Govt Bonds Are Crashing After Weakest Auction Since Lehman
Today’s 10Y JGB auction saw the lowest bid-to-cover ratio since Feb 2009 at just 2.24x with a notable tail of 1.1bps (the widest since March) as it appears once again, the total dissolution of liquidity from the largest bond market in the world has left the BoJ and Ministry of Finance losing control. The reaction is […]
No Bubble Here: $1.5 Million For 750 Sq. Ft. Flat, Rent A Bed For $1,000/Month
The incredible luxury of having a bedroom to yourself is out of reach for all but the very well-paid. Having an apartment to yourself requires serious money. Those who say there are only two sure things in life, death and taxes, should add a third sure thing: realtors and stock market mavens will deny there’s a […]
