Tesla (NASDAQ:TSLA) Despite the ‘Good News’ Faces Major Challenges $TSLA Tesla (NASDAQ:TSLA) is still facing many major challenges. The US Securities and Exchange Commission (SEC) is examining past claims about production goals. The Commission, in rejecting a request by the NY-T’s under the Freedom of Information Act for a transcript of Mr. Musk’s deposition in […]
Bitcoin (BTC) Price Looks Like a Further Fall into Bear Market Territory $BTCUSD Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop deeper into Bear Territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel Thursday, invalidating the […]
Tesla (NASDAQ:TSLA): Robyn Denholm New Board Chairwoman $TSLA Wednesday night, Tesla (NASDAQ:TSLA) announced Robyn Denholm has taken Elon Musk’s place as Chairwoman of the company’s board. She is also leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her 6-month notice period with Telstra is complete, and will be working as Tesla […]
Two Years In, President Trump Holds Stock Market Bragging Rights $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, US stocks rallied with broad gains led by the technology and healthcare sectors as investors made bets that a divided Congress would be good for equities. Democrats won control of the House Tuesday, while President Donald Trump’s Republican party […]
Tesla (NASDAQ:TSLA) There is No Clear Evidence that 2018 Production is ‘Sold Out” $TSLA There is no evidence that Y 2018 production has sold out. Norway registrations continue to deteriorate. LIBOR rates are rising again in Q-4. Tesla is a Trap! It has been almost weeks since Tesla (NASDAQ:TSLA) reported its Q-3 earnings, sending the […]
Tesla (NASDAQ:TSLA) Q-3 Earnings Follow Up Scrutiny $TSLA The Zombie Element (ZEV Credits) undermines Tesla’s Earnings Tesla (NASDAQ:TSLA) beat The Street expectations for Q-3, posting a significant profit on revenue of nearly $7-B. Recall Tesla’s only other profitable Quarter, that being Q-3 of Y 2016, analysts focused on something outside the business of selling all […]
Tesla (NASDAQ:TSLA) Admits SEC Subpoenas, ‘Nothing’ Musk Calls FBI’s Criminal Probe “Absurd” $TSLA US securities regulators have issued subpoenas regarding Tesla’s (NASDAQ:TSLA) public assurances over the production of its newest car the M3, the company said in a filing late Friday, the latest signal of a very aggressive investigation into Elon ‘Nothing’ Musk’s EV maker. The […]
Gold Buying by Central Banks Hits Highest Mark in 3 Years $GLD Global demand for gold rose in Q-3 compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the World Gold Council said on Thursday. Demand totaled 964.3 tonnes, up […]
Tesla (NASDAQ:TSLA) Investors Want Big Board Changes $TSLA “It is time for a serious overhaul of the governance of the company,” A group of Tesla (NASDAQ:TSLA) investors thinks the EV maker needs more than just a little new blood and that a ban on Elon Musk holding the Chairman’s job for 3 years while also […]
Metalla Royalty & Streaming’s (OTCQX: MTAFF)Earning Report Q-1 FY 2019 $MTAFF Metalla Royalty & Streaming Ltd.(TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announces its financial results for the 1st Quarter of Fiscal Year 2019. For complete details of the condensed interim consolidated financial statements and accompanying management’s discussion and analysis for the 3 months ended 31 August 2018, go […]
Metalla Royalty & Streaming Ltd (OTCQX:MTAFF) Closing on Gold Royalty Acquisition $MTAFF, $GLGDF, $RGLD, $FNV,$WPM HeffX-LTN views Metalla, a new entry, in this coming commodities cycle as a good risk-off bet. Metalla Royalty & Streaming Ltd’s (OTCQX:MTAFF) CEO Brett Heath announced Monday, that the company is proceeding to close its acquisition of the 2% net smelter […]
US Stocks Finished Flat to Unchanged on Volatile Trade $DIA, $SPY, $QQQ, $RUTX, $VXX The Bond market was closed in observance of Columbus Day in the US Investors did not receive any US economic data Monday The S&P 500 tested its Key 50-Day MA The US stock market closed a volatile day of trading mixed. […]
S&P 500 Earnings Preview: Q-3 Y 2018 $SPY, $JPM, $C, $WFC, $USD Earnings reporting period is here once again, and it always commands a great deal of attention because earnings drive stock prices over the long term. The S&P 500 has been underpinned by impressive earnings growth. The Q-3 reporting frame, which begins in earnest […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Columbus Day in the USA, Banks are Closed, Market is Open The market’s focus this week: Earnings Yes, it is earnings reporting season again, this frame always commands a great deal of attention because earnings drive stock prices over the long term. To that end, […]
Ferrari (NYSE:RACE), PMI (NYSE:PM) Launch ‘Mission Winnow’ $RACE, $PM Philip Morris International Inc. (PMI) (NYSE:PM) and Scuderia Ferrari today advanced their 45-year partnership with the unveiling of Mission Winnow, a new global initiative to create engagement around the role of science, technology and innovation as a powerful force for good in any industry. This global […]
Ferrari’s (NYSE:RACE) SP1 and SP2 Icona Series LE Supercars are Not ‘Street Legal’ in US $RACE Every 1 of them has been sold, with a price tag of $1.8-M. Thursday, Ferrari unveiled its limited-edition Monza SP1 and SP2 models of the Icona series, and the public is finally getting a glimpse of the latest Limited Edition Supercars […]
A “Red Wave” in November Means More Tax Cuts for Americans $DIA, $SPY, $QQQ, $RUTX, $VXX A “Red Wave” in the November midterm elections means “tax cuts 2.0” GOP voter enthusiasm is powered by support for Supreme Court nominee Brett Kavanaugh Financial stocks are rallying for a 2nd day running as 10-year T-Note yields top […]
US Retailers See Big Jump in Holiday Sales $DIA, $SPY, $QQQ, $RUTX, $VXX US holiday sales in Y 2018 will increase 4.3 to 4.8% boosted by a strong economy, but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group. […]
DJIA Marks a Record Close $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the DJIA marked a record closing high but the S&P 500 and NAS Comp finished in the Red. The Russell 2000 also struggled Tuesday, losing 1.0% to extend its weekly loss to 2.4%. The small-cap index has been weighed down this week by a […]
Wall Street Applauds New USMCA Trade Deal $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, Wall Street opened Q-4 on a positive note as a President Trump’s USMCA trade pact eased participants concerns. The DJIA finished strong, up 0.7%, but the NAS Comp closed 0.1% lower. The Russell 2000 also closed lower, off 1.4%. Canada and Mexico […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The market’s focus this week: new money, earnings season, and the jobs report Friday. September was not a Southside month this year, solid but not huge. So many participants are expecting a selloff in October. It may happen, though it did not happen last year after a […]
Retail Investors Coming into Stock in Droves $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks delivered the best Quarterly run in almost 5 years, luring retail investors back into the longest Bull market on record just as Wall Street started flashing yellow lights. Individual investors drew down cash balances at brokerage accounts to record lows as […]
F1: Ferrari (NYSE:RACE) Team Spirit Boosting Seb Vettel’s Spirit $RACE When Sebastian Vettel left Silverstone in July, winner’s trophy packed in his suitcase, he was eight points ahead of title rival Lewis Hamilton. Since then, though, he’s had just 1 victory to Hamilton’s 4, and now trails the MercedesAMG driver by 40 points. But Mr. […]
Short-Term Recession Risks for US Are Not High $DIA, $SPY, $QQQ, $RUTX, $VXX The US economy does not face a large chance of a recession in the next 2 years and the Fed plans to keep gradually raising interest rates, Fed Chairman Jerome Powell said Thursday. Asked whether the narrowing gap between short-term and long-term […]
S&P 500 ($SPY) Will Still Hit 3,000 Despite Fed Rate Hikes $SPY, $BX Blackstone’s (NYSE:BX) Byron Wien says the S&P 500 will still rise to 3,000 by year’s end despite the Federal Reserve’s plan to continue hiking interest rates. “At the beginning of the year, I said the market would reach 3,000 on the S&P […]
Ferrari (NYSE:RACE) Has Big Plans for Its Future $RACE Ferrari’s (NYSE:RACE) new CEO, Louis Camilleri, unveiled a new business plan on 18 September that includes reviving iconic models and embedding in them its F1 technology. Thus, significantly expanding Ferrari’s electric-gasoline hybrid powertrain offering and affirming plans to introduce a FUV (utility vehicle) that conforms to […]
Fed Hikes, Removes ‘Dovish’ Language from Policy Statement $DIA, $SPY, $QQQ, $RUTX, $VXX The FOMC increased short-term interest rates Wednesday, as expected, raising the fed funds target range by 25 bpts to 2.00-2.25%. The move reflected an upbeat assessment of the economy that was identical to the central bank’s last policy statement 8 weeks ago, […]
F1: Ferrari (NYSE:RACE) Makes Aggressive Tire Selection for Japan GP + Russia GP $RACE Pirelli arrives at the Suzuka circuit with these tires on offer: supersoft, soft and medium. Ferrari keeps true to form going with an aggressive tyire selection for the upcoming Japanese Grand Prix. Sebastian Vettel and Kimi Raikkonen both chose 10 sets of the red […]
OPEC of ‘Ripping Off’ World, President Trump Calls for Lower Crude Oil Prices $DIA, $SPY, $QQQ, $RUTX, $VXX, $USO, $OIL Tuesday, US President Donald Trump accused members of the OPEC cartel of “ripping off” the world, as he called for a lowering of energy prices. “The United States stands ready to export our abundant affordable […]
Ferrari (NYSE:RACE) is the Star of the New Magnum, P.I. $RACE, $CBS The Ferrari 308GTS is back, but the detective’s main ride is now a 488, and he is no longer played by Tom Selleck. At the open of the reboot of Magnum P.I.Thomas Magnum races a Mercedes Unimog, destroys 2 Ferraris, jumps onto a […]
Starbucks (NASDAQ:SBUX) Plans Layoffs, Corporate Changes $SBUX Starbucks (NASDAQ:SBUX) is planning an organizational shakeup, including corporate layoffs. “We must increase the velocity of innovation that is relevant to our customers, inspires our partners, and is meaningful to our business,” CEO Kevin Johnson said in a memo to employees. “To accomplish this, we are going to […]
“No Great ‘Potholes’ Seen Stopping President Trump Economic Growth Policies” $DIA, $SPY, $QQQ, $RUTX, $VXX JPMorgan Chase & Co. CEO Jamie Dimon expects robust economic growth “may very well continue” because he does not see any “great potholes” stopping it. Mr. Dimon said in a TV interview Monday hat he cannot tell whether the China […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The market’s focus this week FOMC meets on Tuesday and Wednesday to talk a rate hike and more trade issues with China, Canada, and the EU. The heavy pressure is on China now. Then there is The Trump Administration’s feelings toward social media and WH […]
It is Official, Ferrari (NYSE:RACE) to Build its FUV $RACE Ferrari (NYSE: RACE) made it official Tuesday, it is developing an FUV, a new model intended to appeal to its clienti who may want a the Maranello Outfit’s version of an SUV. The Big Q: Is Ferrari throwing away 70 years of hard-won exclusivity for a bottom-line […]
The Trump Market, DJIA Marks Another Record High $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the Industrials led DJIA to a new closing high Friday ahead of Monday’s major sector reshuffle, capping a week in which investors shrugged off trade dispute concerns. Declines in the FAANGs dragged on equity benchmarks, helping erase the session’s gains on […]
Ferrari’s (NYSE:RACE) CEO, “We Will Work to Double Profits by 2022” $RACE Ferrari(NYSE:RACE) announced plans to introduce 15 new models on Tuesday, including a range of hybrids and a FUV vehicle, as it aims to 2X its earnings by Y 2022. In the company’s annual Capital Markets Day presentation Tuesday, CEO Louis Camilleri pared Ferrari’s long-term […]
The Trump Effect: DJIA, S&P 500 Mark Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wall Street delivered another set of milestones as buying drove US stocks due North, driving the DJIA above the all-time high it closed at in January, marking the 100th record high for DIA since President Trump took the Oval Office […]
Ferrari (NYSE:RACE) to Launch 15 New Models by 2022 $RACE Ferrari confirmed the development of a new V6 hybrid powertrain Ferrari (NYSE:RACE) is planning a huge model line up in the next few years. During an investors meeting this week outlining its future plans, the automaker announced it will launch 15 new models by Y […]
The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4% $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, the S&P 500 finished with a gainer of 0.1%, driven by financial shares, which rallied on another rise in interest rates. The blue-chip DJIA outperformed, adding 0.6%, the NAS Comp lagged, closing lower by 0.1%, and the small-cap Russell […]
Marijuana Rally has Just Minted 3 New Billionaires $TLRY The 1st private equity firm focused exclusively on the cannabis industry has minted 3 new billionaires. Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc.(NYSE:TLRY), whose market value topped […]
Tilray (NYSE:TLRY) Spikes, CEO Touts Marijuana Growth Prospects $TLRY “I don’t want to get bought by AB-InBev or Diageo, I want to be that company” CEO Kennedy said Tuesday Tilray (NYSE:TLRY) is having its best day since its July IPO, adding as much as 94% to briefly touch 300/share, after CEO Brendan Kennedy touted the […]
It is Very Expensive to Hedge Cannabis Stocks $TLRY, $MJ, $SZT, $SPY Stock investors caught up in the cannabis craze has driven marijuana stocks to record highs, options traders are paying the most ever to hedge against a fall. Skyrocketing marijuana stocks have driven the $560-M ETFMG Alternative Harvest ETF (MJ), up more than 60% […]
Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning $RACE Ferrari (NYSE:RACE) shocks purists last year with talk of a FUV, but the iconic Italian automaker has not forgotten about Supersports cars, as the 2 new Monzas showed the clienti and the automotive world Tuesday in Maranello. Unveiled as part of the company’s Capital Market’s Day […]
US Researchers Turn to Canada for Quality Cannabis Extracts $TLRY, $GWPH The US government has approved the importation of marijuana extracts from Canada for a clinical trial, highlighting a new path for American researchers who have trouble obtaining the drug for medical studies. The University of California San Diego’s Center for Medicinal Cannabis Research announced […]
Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017. Getting back there would require an astounding 78.6-K contracts of short-covering buying. […]
Ferrari’s (NYSE:RACE) ‘Icona’ Project Focused Boosting Profit Margins $RACE Ferrari (NYSE:RACE) is set to unveil a Special Edition Supercar that will form an integral part of CEO Louis Camilleri’s highly-anticipated 5-year strategy plan. The “Icona” project, hinted to customers last month in an invitation, will broaden Ferrari’s offering of Limited Edition Super and HyperSuper cars, a […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, lots more US economic data this week. We will see the Empire PMI Monday and the Philly Fed Thursday. Housing starts, Existing home sales, Leading indicators also this week. The the major US major stock market indexes continue to trend higher and in the face […]
Hurricane Florence Will Not ‘Move the Needle’ on US Economy $DIA, $SPY, $QQQ, $RUTX, $VXX US Commerce Secretary Wilbur Ross predicts that Hurricane Florence will not be devastating to the overall US economic, despite any financial damage to North and South Carolina. “Overall, it’s not going to move the national economy,” Ross said Thursday while touring […]
US Gasoline Prices Up, Inflation Rising $UGA, $USO US consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. The US Labor Department said on Thursday its Consumer Price Index increased 0.2% last month after […]
Savvy Investors Will View Any Market Correction as a Buying Opportunity $DIA, $SPY, $QQQ Always be careful and keep political analysis seperate from company analysis. With the midterm elections looming the chances are there could be some changes ahead. The President’s party tends to lose seats in mid-term elections, and with the GOP holding a […]
Cryptocurrency Prices May Be Headed Higher $BTCUSD,$ETHUSD Cryptocurrencies seem to make recoveries when all hope lost, and Thursday’s price action of the world’s 2nd largest cryptocurrency, Ether (ETH) and many others is no exception. Several of the Top 10 cryptocurrencies by market capitalization are reporting 24-hour gainers above 10%, including monero (XMR), litecoin (LTC), and […]
“Investors Should Always Be In The Stock Market” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Jack Bogle, 89 anni, gives some common-sense advice to savvy investors very similar to many lottery-advertising slogans: You have to play to Win! The Vanguard founder and former CEO advises that investors shouldn’t try to time the market. “Never, never, […]
“Trump Deserves to Win Nobel Prize for Economics” $DIA, $SPY, $QQQ, $RUTX, $VXX The USA is Open for Business! Last week I asked a friend at the White House about how the President was holding up against the onslaught of media attacks. “They didn’t even deliver a glancing blow,” was the response. It was not […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Lots more US economic data this week. Consumer credit, Small business sentiment, PPI, CPI, Fed Beige Book, retail sales, Production plus. The CPI is watched because of the FOMC and its rate hiking. Retail sales are watched as a barometer of the consumer, though inflation as we know […]
Strong US Sales to Ease Profit Concern into 2019 $SPY A healthy outlook for US revenue growth will assuage stock investors concerned about the effect on corporate profits from tax cuts wearing off next year. S&P 500 (NYSEArca:SPY) revenue growth, which hit 9.5% in Q-2, its fastest pace since Y 2011, is estimated at 8.2% […]
President Trump to Apple, “Start building new plants now. Exciting! $AAPL Yes, some Apple (NASDAQ:AAPL) products may become more expensive if The Trump Administration imposes “massive” additional tariffs on Chinese-made goods, but President Trump says the tech company can fix the problem by moving production to the US. “Start building new plants now. Exciting!” President […]
Fed’s Bullard Makes Case Again for Halting Interest Rate Hikes $DIA, $SPY, $QQQ, $RUTX, $VXX The US Federal Reserve should hold off on further interest rate rises because the stance of monetary policy is already at neutral or possibly restrictive, St. Louis Federal Reserve Bank President James Bullard said Wednesday. Mr. Bullard has repeatedly raised […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The US markets will be closed Monday in celebration of Labor Day. Last Friday’s Wall Street action ahead of an extended Labor Day weekend was eventful in terms of trade-related headlines, but an uneventful one for the major US major stock market indexes averages, which […]
New Pistols From S&W Drives Earnings, Stock Price Spikes $AOBC Late Friday, shares of Smith & Wesson parent American Outdoor Brands (NASDAQ:AOBC) spiked 43.60% Friday after unexpectedly robust earnings and an optimistic financial outlook. The Springfield, Mass., company said net income came to $7.6-M in the FQ-1, after a loss of $2.2-M in the same frame a […]
S&P 500 and NAS Comp Notch Record Highs Again $DIA, $SPY, $QQQ, $RUTX, $VXX There is room to run in the equity markets with more records being hit, especially with the momentum on trade. S&P 500 and the NAS Comp hit all-time highs for the 4th session running Wednesday, boosted by a rise in Amazon.com […]
Bitcoin (BTC) Broke Out of its 20 Days Narrow Range $BTCUSD Bitcoin’s (BTC) price surpassed 7,000 early Tuesday after 20 days in a narrow range below 6,800. The worlds largest cryptocurrency by market capitalization first moved past the 7,000 mark early Tuesday after trading sideways for the past 20 days. Bitcoin passing the psychological hurdle […]
US Stock Market Indexes Finished Flat to Little Changed $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the S&P 500 closed at a new record high for the 3rd session running. It was a range-bound trading day, with the S&P 500 keeping between -0.1% and +0.2%, and 7 of the 11 sectors finished in the Red. The […]
Broad Based Wall Street Rally Continues to Post Record Closes $DIA, $SPY, $QQQ,$RUTX, $VXX US and Mexico reached bi-lateral trade agreement; Canada will now join the discussions Buying momentum following new records for the S&P 500, NAS Comp, and Russell 2000 Cyclical sectors outperform; heavily-weighted financial group particularly strong Wall Street’s broad-based rally drove the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Up this week: US Consumer Confidence, 2nd GDP read, Personal income and spending, Chicago PMI. Classic Fed interest rate moves miscalculations is always cause for concern, as the Fed is making its same mistakes: it sees an overall still strong economy, stocks still strong, and it ignores […]
Global Investors Buying US Stocks, S&P 500 at Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Global Investors bought into US stocks this week which set their longest-ever market rally. That action declared the end of a “tsunami” of tech fund inflows which have driven the market higher, noting tiny inflows of $0.1-B this week after […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
Constellation Brands Inc. (NYSE:STZ) Gives Canadian Cannabis Company Legitimacy and Cash $STZ, $CGC, $ACBFF Canopy Growth Corp.’s (CGC) CEO, Bruce Linton expects 1 “Google-like company” to dominate the legal cannabis industry. Canopy’s transformative deal with Constellation Brands Inc. (NYSE:STZ) has given it legitimacy, clout and a cash hoard that has widened the gap with its competitors. […]
Bitcoin: the SEC’s ETF Decision Caps Price Gains $BTCUSD The US Securities and Exchange Commission (SEC) Wednesday rejected applications for 9 Bitcoin-based ETFs (exchange-traded funds) from 3 separate companies, stay tuned… Bitcoin’s (BTC) spiked to a 15-day high Wednesday, but caution ahead of the US Securities Exchange Commission’s (SEC) comming decision on a Bitcoin exchange-traded […]
S&P 500 Index Marks Longest Bull Run on Record $SPY, $DIA, $QQQ, $RUTX Wednesday, the major US stock indexes paused in trading, as the market marked the longest Bull run in history. Gainers in technology stocks, retailers and energy companies outweighed losses in industrial firms and elsewhere in the market. The S&P 500 held steady, […]
This Bull Market Was Born in the Depths of Financial Crisis $SPY This Wall Street Bull market was born at the depths of a financial crisis, and it has just became the longest ever recorded. Low valuations, little competition and EP/S growth that looked spectacular, but inline with historical trends, these were the forces that […]
Targets (NYSE:TGT) Q-2 Revenue, Profit Beat the Street Estimates $TGT Target Corp.’s Q-2 sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a 10 years, shares are trading nearly 5% higher as of this writing The Minneapolis-based retailer also raised its profit forecast […]
S&P 500 Marked Record High in the Longest Bull Market on Record $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the benchmark S&P 500 marked a record high, as US stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The S&P rose as much as […]
Bitcoin (BTC): The Technicals, The Outlook $BTCUSD Bitcoin is ranged in here, and the direction of the next breakout is uncertain. Bitcoin was expected to rise toward 7,000 at the weekend, having broken above a Key technical mark Friday. However, contrary to expectations, BTC Bulls failed to take up the supply around 6,600 in the frame. […]
US Stocks Outperforming the World’s Equity Markets $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks are outperforming the other major overseas stock indexes for the past 8 months. The positive trend began when President Donald Trump started his “America First” campaign aimed at making free trade fairer trade with America’s major trading partners. During this current […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, so lets look at the technicals DJIA leads as money rotates form tech’s to its blue chips Tech leaders topping, the rotation allows the move to continue; some leaders will soon drop out. DJIA: Thursday the DIA finished solidly higher, […]
Investors Bullish Stocks As This Long Bull Run Extends $DIA, $SPY, $QQQ, $RTUX, $VXX This longest Bull run on record has taken US stocks to record highs this year may be about to run further North, according to the latest survey of fund managers by Bank of America Merrill Lynch (BoAML). Allocations to US stocks […]
US Stock Broke Out Above Strong Resistances Extending the Longest Bull Run on Record $DIA, $SPY, $QQQ, $RUTX, $VXX HeffX-LTN’s overall out look for the US equities market is Bullish Stocks rallied Thursday, the S&P 500 opened higher and extended gains into the afternoon, the benchmark index finished +0.8% off its session highs. The DJIA […]
US Market Indexes Tested Key Support and Reversed Again $DIA, $SPY, $QQQ, $RUTX, $VXX The major US stock market indexes for the 5th time in 6 sessions Wednesday to test Key support and bounced. The S&P 500 finished lower by 0.8% after being down as much as 1.3% intra-day. The DJIA and the NAS Comp […]
Turkish Lira Recovers, S&P 500 Caps Losing Streak $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the major US stock market indexes finished at: DJIA +112.22 at 25299.92, NAS Comp +51.19 at 7870.91, S&P 500 +18.03 at 2839.70, Volume: Trade on the NYSE came in at 657-M/shares exchanged The S&P 500 bounced Tuesday, ending its 4-session losing streak with a gainer of 0.6%. The NAS […]
Millennials, Baby Boomers to Fuel Historic Economic Expansion $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, investment guru Ed Yardeni predicted millennials and baby boomers will help the US achieve its greatest economic expansion in history. “They the baby boomers are increasingly becoming minimalists. They are trading down in terms of houses that they want to live […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, just as Key economic data coming up. This week we have: retail sales, Empire manufacturing and Philly Fed, industrial production and capacity, housing starts, leading indicators, and MSI. Data is important as it is important the US economy remain […]
US Stocks: The Bulls Paused to Refresh $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday in light trade the S&P 500 finished off a bit, capping a 4-session streak. The SPY lost 0.1%, now just 0.5% of its 26 January record high. The NAS Comp ticked up, adding 0.1%. The DIA gave back 0.2%. No sector advanced […]
US Stocks Headed to Record Territory $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, US stocks advanced for a 4th session running, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its 26 January record high. The tech-heavy NAS Comp climbed 0.3%, and the DJIA rose 0.5%. The S&P 500 […]
S&P 500 Companies Stock Buybacks to Hit $1-T this Year $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should focus on the $1-T number that will have a Key influence on the market, total buyback authorizations. Last week investors focused on Apple Inc.’s (NASDAQ:AAPL) value. But another trillion-dollar threshold is coming soon, and is more relevant to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, the big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive this market North. The Technicals DJIA: The DIA struggled more on the trade issues than did the S&P […]
Google Hammered by Senators Over Censored China Search Engine $GOOGL Friday, a group of Republican and Democratic Senators hammered Alphabet Inc.’s (NASDAQ:GOOGL) Google over reports it is developing a censored version of its search engine for the Chinese market. China critic Senator Marco Rubio (R-FL), was joined by 5 otherUS lawmakers on a letter to […]
The Race is On to Join the ‘Trillion Dollar Club’ $DIA, $SPY, $QQQ, $RUTX, $VXX Amazon, Microsoft and Alphabet are in the race to become the 2nd publicly-listed US company to reach a $1-T stock market value after Apple (NASDAQ:AAPL) became the 1st to race to the Big T milestone. Wall Street’s optimism about last […]
Apple (NASDAQ:AAPL) and Tech Giants are Top 5 in Value $DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL Thursday, Apple (NASDAQ:AAPL) became the 1st public company to exceed $1-T in market cap, just 2 days after reporting better-than-expected Quarterly earnings. The personal technology giant is known for the iPhone smartphone, tablet and Macbook laptops, as well as […]
Republican Tax Plans Include Making US Cuts Permanent $DIA, $SPY, $QQQ, $RUTX, $VXX Tax Reform 2.0 Republican plans to build on last year’s US tax legislation will include making individual and small business tax cuts permanent, expanding savings plans and giving breaks to start-up companies, according to documents released on Tuesday by the chief architect […]
Facebook’s (NASDAQ:FB) CEO In Awe of Team Trump’s Social Media Marketing $FB Facebook (NASDAQ:FB) insiders were in awe of Donald Trump’s campaign marketing on the social media platform, and viewed it as 1 of the most imaginative strategies ever. According to reports, CEO Mark Zuckerberg put in a secret call after the election to congratulate […]
F1: Ferrari (NYSE:RACE) to Challenge MercedesAMG at the Hockenheimring Sunday $RACE The 2018 German Grand Prix will be held at the Hockenheimring on 22 July and with the way the season has shaped up so far, there could be a lot of action both at the Top and at the middle of the pack. A resurgent Ferrari […]
Oracle’s (NASDAQ:ORCL) Blockchain Cloud Services Adopted Worldwide $ORCL Businesses around the world have been deploying an early adopter version of Oracle (NASDAQ:ORCL) Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Arab […]
F1: Ferrari’s (NYSE:RACE) Vettel Vs MercedesAMG at the German Grand Prix $RACE Sunday’s German GP at Hockenheim has Ferrari (NYSE:RACE) champion Sebastian Vettel pitted against MercedesAMG in the quest for F1 supremacy. Mr. Vettel, a German, leads the drivers’ championship by 8 points after victory over Lewis Hamilton at the British Grand Prix. Mr. Hamilton […]
Wall Street On Track For Banner Year! $DIA, $SPY, $QQQ, $RUTX, $VXX Despite the persistence of geopolitical and economic risks, the backdrop is constructive There are more catalysts in the market and more participation. Wall Street trading desks’ revenue is on track for the best year since 2011, Q-2 earnings reports from big US banks […]
Most Investors Pick Stock Funds as Best Long-Term Investment $SPY Investors have selected stock index or mutual funds over 5 other investments as the best for the long term results, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism survey. Real estate and individual stocks are a distant second. Fully 54% of investors choose […]
F1: Ferrari (NYSE:RACE) Chose Pirelli’s Ultrasofts for the Hungarian GP $RACE Ferrari’s approach to tire choice ahead of its Key rivals for the Hungarian Grand Prix. For the Hungarian GP both MercedesAMG and Red Bull Racing are opting for 7 sets of the ultrasofts (Pirelli Purple) for each of its drivers. While Ferrari (NYSE:RACE) has given Sebastian Vettel 9 […]
Ferrari’s (NYSE:RACE) Display Wow’d at Goodwood Festival $RACE Ferrari’s (NYSE:RACE) display at this year’s Goodwood Festival of Speed (FoS) showcased the Maranello outfit’s brand horsepower. Making their UK debut at this world-famous event were the 488 Pista, Portofino, 812 Superfast and FXX K Evo. And putting the 599XX, FXX and FXX K Evo through their track paces were The Scuderia’s GT […]
Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
F1: Ferrari (NYSE:RACE) Tech, ‘The floor the floored MercedesAMG’ $RACE This F1 season is a head to head contest between motorsport’s Top 2 Teams: The Scuderia and The Silver Arrows. At the weekend Silverstone we saw Ferrari (NYSE:RACE) respond formidably to the recent gainers made by MercedesAMG. Lewis Hamilton took Pole for MercedesAMG with a […]