$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory. Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]
$RACE Scuderia Ferrari Mission Winnow left Brazil with the worst possible result: no points following a collision between Sebastian Vettel and Charles Leclerc, which led to both of them having to retire from the race, after they had both been frontrunners right up the final laps. Start. Sebastian was on the dirty side of the track […]
$RACE Red Bull Racing’s Max Verstappen, 22 anni, secured Pole position for the 2019 Brazilian Formula One Grand Prix after finishing fastest in qualifying on Saturday. Lewis Hamilton had gone quickest in the 3rd and final practice session earlier in the day, but neither he nor Ferrari’s Sebastian Vettel were able to match Mr. Verstappen’s times in qualifying […]
Record run takes S&P 500 to 3100 and Dow to 28,000 The S&P 500 (+0.9%), DJIA (+1.2%), and NAS Comp (+0.8%) set new records this week, with the bulk of this week’s gains coming on Friday after NEC Director Larry Kudlow said a Phase One trade agreement was close to being reached. The small-cap Russell 2000 (-0.2%) […]
$RACE Toto Wolff, MercedesAMG’s team boss says Ferrari’s power advantage in F1 this season has been up to 50bhp at times. Although MercedesAMG has successfully captured its 6th straight drivers’ and constructors’ championship double, it has faced a tough time overcoming its rival’s straightline performance advantage in races. While some of that gain is from […]
Wonderfilm, a leading entertainment Company based in Vancouver and Hollywood, whose films have produced over a $1-B in box office revenue with respectable ROI/ROE, was greeted by film executives from major studios, directors, actors, and producers at the AFM last week. The firm, helmed by Kirk Shaw, and 3 partners, Wonderfilm delivered 7 feature films, […]
$DIA, $SPY, $QQQ, $RTUX, $VXX The benchmark S&P 500 stock index posted a slim gainer Tuesday as President Trump said the United States is close to signing an initial trade deal with China and lauded the economy. The S&P 500 and NAS marked all-time highs during trading but stocks ended off session highs with investors […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in and the market is posting record highs almost on a daily basis. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report, earnings […]
Ferrari’s (NYSE:RACE) F1 car development has “exceeded expectations” this season and the amount of downforce it has added has had knock-on effects, says team boss Mattia Binotto. The team started Y 2019 with a car that had less peak downforce than its chief rival MercedesAMG as Ferrari pursued a lower-drag concept to give it a […]
$RACE Since taking over as CEO Louis Camilleri has largely shunned the spotlight, shunning the media and commenting publicly about the business only during Quarterly conference calls and once at the presentation of its new 5 year industrial plan. Being a tobacco executive offered relevant lessons for running Ferrari, Mr. Camilleri said in his 1st […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the 3 major US stock market indexes posted record closing highs and the S&P 500 registered a 5th straight week of gainers as investors brushed aside worries over the progress of US-China trade talks and as Walt Disney shares rose. The Cboe volatility index .VIX posted its lowest closing […]
$RACE Shares of the iconic Italian Supercar maker Ferrari (NYSE:RACE) hit an all-time high earlier this week after the company increased its F-Y guidance following strong Q-3 earnings. The Quarter’s operating profit rose 12% from a year ago, to 227 million euros ($251 million), on sales increases in Europe and Asia. Following the strong results, the company boosted its […]
$RACE Ferrari’s (NYSE:RACE) landmark tie-up with Giorgio Armani will offer clothing and accessories more refined and artisanal than anything currently licensed with the brand’s iconic Scuderia mark. The iconic Italian Supercar maker’s CEO Louis C. Camilleri, announced Monday during its Q-3 earnings call with investors that Ferrari had entered a “long-term manufacturing agreement” with luxury […]
$DIA, $SPY, $QQQ, $VXX The stock market closed flat to little changed Wednesday, marking the 2nd straight day for the Bull’s pause to refresh near record highs. The S&P 500 (+0.1%), DJIA (unch), and NAS Comp (-0.3%) closed within 0.3% of their flat lines, the Russell 2000 (-0.6%) lagged. Wednesday, the DJIA -0.07 at 27492.60, NAS Comp -24.05 at 8410.63, S&P 500 […]
$RACE People are asking, can RACE sustained Monday’s move? Monday, Ferrari (NYSE:RACE) announced an EPS beat of 0.04 and a Top-line beat of over $25+M. On Top of the earnings results, management raised guidance for the year as Supercar shipments for the Quarter rose by a healthy 9%. In the technical chart there is a large gap […]
$DIA, $SPY, $QQQ, $RUTX, $VXX “Efforts to stimulate global economies are boosting equities in a way I have never seen before.”– Paul Tudor Jones Mr. Jones also said Tuesday that next year’s Presidential election “will be more meaningful than any in my lifetime.” Governments and central bankers from Japan to the US are taking steps […]
$RACE Ferrari (NYSE:RACE) to capitalise on brand as it promises to deliver faster growth Strong sales of Ferrari’s Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook Monday, with a new brand strategy promising even more growth. Ferrari’s Milan-listed shares rose as much as 7.4% to an all-time high of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX President Donald Trump again cheered as all 3 of the major Wall Street’s indexes posted record closing highs Monday, extending a recent run of gainers, on prospects of a US-China trade deal and an improving US economy. It was the 2nd consecutive session of closing records for the S&P 500 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report is that it suggests future earnings news may be better than expected. The […]
$RACE Ferrari (NYSE:RACE) is scheduled to announce Q-3 earnings results Monday, 4 November before the bell, The consensus EPS Estimate is €0.86 (+11.7% ) Y-Y, and the consensus Revenue Estimate is €889.08M (+6.1% Y-Y). Ferrari has surprised in the last 4 Quarters Over the last 3 months, EPS estimates have seen no upward revisions and 3 downward. Revenue […]
$RACE Valtteri Bottas posts his 4th win of this season at the United States Grand Prix, his MercedesAMG teammate Lewis Hamilton came 2nd and claimed a 6th world title having fended off a late attack from Red Bull’s Max Verstappen. Mr. Bottas had to win at the Circuit of The Americas aka COTA to keep […]
$DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp +26.4% YTD S&P 500 +22.3% YTD Russell 2000 +17.9% YTD DJIA +17.2% YTD This Bull may be old but it is not tired. A Bull market that traces its lineage to the depths of the financial crisis has marked its 4th straight weekly gainer and pushing its gain […]
$RACE The Circuit of The Americas, aka COTA, has been kind to Lewis Hamilton in , but it was his MercedesAMG teammate and the only driver who can stop him winning a 6th world crown, Valtteri Bottas, who took Pole position for Sunday’s United States Grand Prix in true F1 racing fashion. It was Mr. […]
$RACE Rome’s Piero Taruffi circuit will be the scene, this weekend, of the first ever edition of the “FIA Motorsport Games” which will include such categories as GT, Touring Cars and Formula 4 along with emerging disciplines like drifting, digital motorsport and karting slalom. In the races featuring GT cars, 5 Ferraris are set to […]
$RACE Mattia Binotto speaking on the events of the Mexican Grand Prix and said that Ferrari (NYSE:RACE) need to be braver and take risks… Ferrari missed out on Mexican GP victory as Pole-sitter Charles Leclerc finished 4th having stopped 2X for new tyres, whereas Lewis Hamilton stopped just once, and Leclerc’s 2nd stop on Lap […]
$RACE This is a lesson grounded in practicality using ROE to better understand Ferrari (NYSE:RACE). Ferrari has a ROE of 61%, based on the last 12 months, meaning that for every $1 worth of shareholders’ equity, it generated 61c in profit. Return on Equity = Net Profit ÷ Shareholders’ Equity For Ferrari: 61% = €837-M […]
$DIA, $SPY, $QQQ, $RURX, $VXX Investor money coming off of the sidelines as the DJIA rose 300.86 points, or 1.11%, to 27,347.09, the S&P 500 gained 29.36 points, or 0.97%, to 3,066.92 and the NAS Comp added 94.04 points, or 1.13%, to 8,386.40. The DJIA sits less than 12 points from a closing record. President Trump applauded […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 closed lower on trade concerns, but finished the month in the Green. Thursday, President Trump hammered the Fed and Chairman Powell in a Tweet, that despite interest rates dropping by another Quarter point. In a 2-part Tweet, President Trump argued that the Fed has placed the United States at a […]
$WDRFF, $AEMC, $DIS, $CMCSA, $LGF, $SNE Recently, Wonderfilm Media Corporation (WDRFF), an iconic producer of high-quality feature films and episodic television with international appeal today, announced an $50-M asset-backed low risk debt facility designed to escalate the pace of the Company’s revenue and increase overall production efficiency. “The arrangement streamlines this procedure, allowing us to […]
$RACE Lewis Hamilton may likely celebrate his 6th World Championship at the end of the United States Grand Prix Sunday. He has won the title in each of the past 2 years, holds a 74-point lead over MercedesAME team-mate Valtteri Bottas with a maximum of 78 available over the remaining 3 races of Y 2019. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new record high Strong hawkish signals from Fed Chairman Jerome Powell that he is, for now, finished cutting interest rates failed to incite terror in the Us stock market. Quite the opposite: the S&P 500 erased early losses and rose as much as 0.4% during the final […]
$RACE Ferrari (NYSE:RACE) is expected to deliver a Y-Y increase in earnings on higher revenues when it reports results for the Quarter ended September 2019. The stock may move higher if these Key numbers top expectations in the upcoming earnings report, which is expected to be released on 4 November, if they miss, the stock […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new intraday and closing records DJIA +132.66 at 27090.72, NAS Comp +82.87 at 8325.99, S&P 500 +16.87 at 3039.42 Volume: Trade on the NYSE came at 777-M/shares exchanged The S&P 500 set new record highs Monday, increasing 0.6% as trade sentiment remained upbeat and investors reacted positively to corporate news. The NAS Comp (+1.0%) and […]
$RACE Lewis Hamilton triumphed in a super finish to the Mexican Grand Prix, brilliantly making an ambitious 1-stop strategy work to win out from Ferrari’s Sebastian Vettel and his MercedesAMG team mate Valtteri Bottas – although it was not quite enough for him to secure his 6th drivers’ title over Bottas at the Autodromo Hermanos […]
$RACE Charles Leclerc and Sebastian Vettel will start Sunday’s Mexican Grand Prix from the front row when it gets underway at 13.10 local time (20.10 CET) It was not as easy as it sounds however, as the final minutes of Q3 were chaotic. Sebastian Vettel was not able to fight for Pole all the way […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Week in Review: Cyclical sectors lead S&P 500 back to record levels in earnings-driven advance The S&P 500 advanced for the 3rd week running, rising 1.2% and nearly setting new record highs as investors remained pleased with earnings reports. The DJIA rose 0.7%, the NAS Comp rose 1.9%, and the […]
$RACE Charles Leclerc says the Questions about the legality of Ferrari’s 1 engines are an attempt to “destabilise” his team, which he insists is not worried about the situation. Now, due to Ferrari’s current F1 power advantage, a number of the Maranello Outfit’s rivals had written to the FIA seeking clarification about the legality of […]
$RACE F1 is nearing the end of this season, 4 races remain, in Mexico, the US, Brazil and Abu Dhabi, and there is serious business to decide on and off the race track. Below is a look at the Key issues that will make the most headlines between now and the end of the Y […]
$RACE Ferrari (NYSE:RACE) has opened it 1st Tailor Made showroom in the US in NYC, NY. You can now customize your new Ferrari’s fabrics, leather, woods, finishes, and paintwork with a personal designer to help you make a tasteful, yet personal and fitting representation of the iconic Italian Supercar. Ferrari Tailor Made’s new facility is […]
$SPY, $SPX, $DIA, $RUTX, $QQQ, $VXX S&P 500 finishes above 3000 Things Bulls dread this earnings season is that it become the scene of a big downward cut in next year’s estimates. It happened last year, helping foment the worst fourth quarter of the bull market. It is very early, but it is happening now. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stock market guru, Jim Cramer said President Trump has the upper hand in the China trade distpute because tariffs are hurting the Chinese economy way more than the US economy. “Hate him or like him, he has them where he wants them,” Mr. Cramer said on TV Friday. “I always […]
$DIA, $SPY, $QQQ, $RUTX, $ESDAY, $VXX Wednesday’s US economic data included the ADP Employment Change report for September and the weekly MBA Mortgage Applications Index. The takeaways are as follows: Private-sector payrolls were estimated to have increased by 135,000 in September (consensus 150-K) while the prior month’s print was revised down to 157-K from 195,000. Private-sector […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, President Trump continued his attack on the Fed, and this time saying Chairman Powell and central bankers were “their own worst enemies” after a US manufacturing index posted the weakest monthly reading since the end of the last recession in Y 2009. “As I predicted, Jay Powell and the […]
$RACE Ferrari N.V. (NYSE/MTA: RACE) announces that under the 2nd tranche of the common share buyback program announced on 1 July 2019 the Company has purchased additional common shares reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) and on the NYSE as follows: MTA NYSE Total TradingDate(d/m/y) Number […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $USO, $GLD, $XAU, $VXX US stocks advanced for the 3rd Quarter running, as investors weighed the latest turns in the trade dispute between the world’s 2 largest economies. The USD rose and Treasuries moved higher. Tech drove the rise after The Trump Administration partially refuted a report it would target […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, US financial markets suffered a trade-related happening on concern The Trump Administration may move to limit US investment in China, a move sure to raise tensions. The S&P 500 turned lower after it was reported that officials are discussing ways to restrict portfolio flows into the world’s 2nd-largest economy. […]
$XAU, $GLD Gold is back in a short-term Bull mode with prices creeping up from $1,500 over the last 3 days of trading. The Big picture A lot could happen, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe-haven have no clear resolution. There are now […]
$DIA, $SPY, $QQQ, $RUTX, $VXX At the close: DJIA -142.22 at 26807.77, NAS Comp -118.84 at 7993.62, S&P 500 -25.18 at 2966.64 US stocks fell Tuesday, as investors shunned risk following a decline in consumer confidence, and a hard-lined speech from President Trump. The S&P 500 (-0.8%) and DJIA (-0.5%) declined less than 1%, while the NAS Composite (-1.5%) and Russell […]
$AEMC, $DIS, $CMCSA, $LGF “The movie business as we have know it for the past 2 decades is dying, but that has not stopped Archer’s plan to make films, as the paradigm is shifting,” — Michael Selsman, President of Archer Entertainment Media Communications (OTC:AEMC). “Franchise fatigue is killing the movies, as movies for 12 year-old […]
$RACE Ferrari N.V. (NYSE/MTA: RACE) announces that under the second tranche of the common share buyback program announced on 1 July 2019, the Company has purchased additional common shares – reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) and on the New York Stock Exchange (NYSE) as follows: MTA […]
$RACE “Sebastian drove very well on new tires and simply that’s racing – he was ahead of Charles.” — Mattia Binotto This is racing…how it happened that Mr. Vettel took the Chequered flag and not Mr. Leclerc. Sebastian Vettel undercutting Charles Leclerc with an early pit stop in Singapore was the Key to the German […]
$RACE MercedesAMG boss Toto Wolff says Charles Leclerc taking the Pole position for the Singapore Grand Prix despite a “messy” lap shows Ferrari now has a “powerful” F1 all-round car. Mr. Leclerc’s Singapore pole, and 3rd in a running surprised himself and MercedesAMGs’ lead driver Lewis Hamilton, as Ferrari has struggled in high-downforce trim this […]
$RACE Ferrari (NYSE:RACE) Charles Leclerc, 21 anni, has secured the Pole position under the lights in Singapore Saturday the 5th pole position of his career and his 3rd running, made all the more special by the fact that it came at a track where Ferrari had predicted struggle ahead of the weekend’s race. Mr. Leclerc […]
$RACE This Friday (NYSE:RACE) at Singapore was demanding for the drivers and crew. It was a long very humid day until Sunset, with the 2nd free practice session ending at 10.00p local time. Sebastian Vettel ended the day 3rd fastest, Charles Leclerc came 6th. The 2 sessions were very busy as, on Top of their […]
$RACE Ferrari (NYSE:RACE) arrived at Singapore with an adaptation of the cape design seen elsewhere on the grid over the last couple of seasons. The nose structure itself remains largely unchanged but the cape, which will influence the movement of air around the structure, has been incorporated into it. The nose solutions available to Ferrari […]
$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]
$RACE Mattia Binotto was formerly The Scuderia’s technical director, he took over from Maurizio Arrivabene as Team Principal at the start of this year. Things began well, with their SF90 the class of the field in pre-season testing, but that did not translate into race form, with rival MercedesAMG finishing 1-2 in the opening 5 […]
$DIA, $SPY, $QQQ, $RUTX, $$USO, $XAU, $GLD, $VXX S&P 500 closed higher in front of FOMC interest rate decision Wednesday 9 of the 11 S&P 500 sectors finished higher, led by the real estate (+1.4%), utilities (+0.9%), and materials (+0.7%) sectors. The energy (-1.5%) and industrials (-0.04%) sectors were the sectors to finish in the […]
$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]
$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX US stocks extend rally on trade developments, ECB stimulus measures Tech gains led the S&P 500 and the NAS Comp higher, while financials gave the biggest boost to the blue-chip DJIA, which closed up for the 7th session running, its longest winning streak since May. Stocks rose worldwide as […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher on the strength in growth and value stocks President Trump met with economic aides Wednesday to discuss the possibility of cutting the tax on capital gains by indexing them to inflation His advisers updated on the issue, and a final decision on whether to pursue the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 finishes higher as value stocks outperform Goldman Sach’s Private Wealth Management team has a simple firm message for its wealthy clients: stick with US equities. “As we have gone through various crises, we have still told clients to stay invested and not get out of US equities, it’s […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the S&P 500 closed unchanged, as energy, financials outperformed US consumers’ inflation expectations declined in August and workers grew more pessimistic about their job situation, data from the New York Federal Reserve showed Monday, supporting the case for further interest rate cuts. The New York Fed’s monthly survey of consumer […]
$RACE Ferrari (NYSE:RACE) has announced that under the 2nd tranche of the common share buyback program announced on 1 July 2019 the Company has purchased additional common shares, reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) and on the New York Stock Exchange (NYSE) as follows: MTA NYSE Total […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The stock market finished mixed Friday; the S&P 500 (+0.1%) and DJIA (+0.3%) closed just above unchanged, while the NAS Comp (-0.2%) and Russell 2000 (-0.4%) closed slightly lower. On Friday, Fed Chairman Jerome Powell said the most likely outlook for the US and world economy is continued moderate growth, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks in early October, while at the same time strong US economic data eased fears of a domestic slowdown. The ADP National Employment Report, considered a precursor to the Labor […]
$DIA, $SPY, $QQQ, $RUTX, $VXX When stock markets declined in August, 1 group of investors showed unshakable confidence, Company insiders. So much that the buy-to-sell ratio of corporate executives in Europe reached its highest mark since December, according to data compiled by 2iQ Research. Such spike in the ratio, 3.3 in August is usually seen […]
$DIA, #SPY,, $QQQ, $RUTX, $VXX Wall Street posted mixed results on Friday on month end re-balancing ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were set for levy. The DJIA .DJI rose 37.4 pts, or 0.14%, to 26,399.65, the S&P 500 .SPX gained 1.45 pts, or 0.05%, to 2,926.03 and the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks finished on the highs Wednesday in a broad-based advance. The S&P 500 increased 0.7%, overcoming a negative start that was attributed to declining Treasury yields and finished near session highs. The DJIA increased 1.0%, the NAS Comp increased 0.4%, and the Russell 2000 finished +1.2%. Wednesday’s session did […]
$BTC, $BTCUSD Bitcoin (BTC) has once again broken above the $10,000 resistance this week, marked $10,411 and faded. The cryptocurrency has been on a gradual uptrend since early Monday and has posted gains of 2.77% in the last 24 hours. Bitcoin is currently leading the Top 10 coins in terms of 24-hour growth, narrowly edging out […]
$RACE The Ferrari (NYSE:RACE) F1 team Boss has questioned the current process for establishing the tire specification for the season, following the debate over supplier Pirelli’s thinner-tread Y 2019 rubber. Ferrari was among the teams lobbying for a mid-season return to last year’s tire construction, and its SF90 has been one of the cars that […]
$RACE If you are interested in profitable, growing companies Ferrari (NYSE:RACE) since its October 2016 IPO is the standout stock in the automotive sector, it is The Aristocrat. While that does not make its shares worth buying at any price, you cannot deny that successful capitalism requires profit, eventually. In comparison, loss making companies act like […]
$RACE A sea of Ferrari Red racing machines honored Scuderia Ferrari’s 90th anni Ferrari (NYSE:RACE) as a brand just celebrated its 70th anni in Maranello, Italy, 2 years ago. But long before Enzo Ferrari founded Ferrari, he was a race driver himself, then later the manager of Alfa Romeo Grand Prix racing activities, and Y 2019 […]
$RACE, $DIS Ever since the merger of Disney and Fox closed earlier this year, the fate of the Fox has been a Big Q. While its new corporate parent has done everything to assure folks that it will not fall over, recent developments have thrown the fate of those decisions into question. The next 2 […]
$RACE Ferrari (NYSE:RACE) Chairman John Elkann said at the annual Concours d’Elegance event in Pebble Beach, California, that Ferrari will continue to expand its GT car lineup. However, it will be limited and not compete with the annual sales volume of Germany’s Porsche. Ferrari had strong financial results in Q-2 of Y 2019, as the company recently announced its […]
$RACE The unveiling of a new Ferrari (NYSE:RACE) Supercar is good reason car fans to celebrate. Ferrari has announced that it will be expanding the offerings it has for easier-to-drive GT (grand touring cars). Word of the new GT offering came from Ferrari Chairman John Elkann at Pebble Beach Saturday. The executive also hinted that […]
$RACE Italy’s iconic luxury Supercar maker Ferrari NV (NYSE:RACE) will not expand production GT cars, and will not chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told a group of classic car enthusiasts gathered the Pebble Beach Concours d’Elegance this weekend. He reiterated that Fiat Chrysler Automobiles ((NYSE:FCAU), of which he is also […]
$RACE Ferrari (NYSE:RACE) is facing a 3rd winless season since Y 2014, when the turbo-hybrid F1 era began. But 12 races into Y 2019 it is right up front as The Scuderia prepares for the next 9, Sebastian Vettel calls for calm. With seemingly the fastest car in pre-season testing, Ferrari were the team to […]
$XAU $GLD The gold price market technicals and fundamentals are aligned in here. The precious Yellow metal is up about 17% YTD, and that is up nearly 28% from this time last year. With prices back at $1,513 oz, some investors and market watchers are back to looking for Northside marks at $1,800 – 2,000 […]
$RACE Ferrari (NYSE:RACE) has competed in more than 900 Grands Prix races and remain the only constructor to have taken part in every single edition of the Formula 1 World Championship since its launch. The Scuderia hold 15 Drivers titles and 15 Constructors titles. The Maranello Outfit builds racing and road cars, symbols of Italian […]
$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]
$RACE As today’s enthusiasts well know, classic cars are more than a hobby. They are a multi-billion-dollar industry, and Enzo Era Ferraris (1947-1972) are at the Top of the lists. Some devotees might complain that years of a strong collector market have raised prices for many desirable marques and models, but the rise in value […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $XAU, $GLD The US stock market finished mixed Thursday, as investors weighed the resiliency of the US consumer Vs growth concerns. The S&P 500 (+0.3%) and DJIA(+0.4%) finished higher, while the NAS Comp (-0.1%) and Russell 2000 (-0.4%) finished lower. The overall uncertainty from the US-China trade dispute is high […]
$RACE Ok, sure, buying an auto stock in a downturn seems counter-intuitive, but it works if you are buying Ferrari (NYSE:RACE). The stock is up big YTD and we see additional gains ahead for the Italian maker of iconic Supercars. Goldie analyst George Galliers upgraded shares of the Italian car company to Buy from Neutral, the equivalent of Hold, with […]
$GLD, $XAU, $USD Gold’s rally since December 2018 is just getting started if hedge funds have their way. Prices are already at the highest in more than 6 years, and Goldman Sachs and Citigroup predict the precious Yellow metal could climb more than 6% to $1,600 oz by year’s end. Money managers are going all […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last week the market was in consolidation mode and tested the 50-Day MA’s and bounced and… Employment report showed solid jobs growth in July Major averages found buying support at 50-Day MAs INDUSTRY WATCH Strong: Real Estate, Utilities, Consumer Staples Weak: Information Technology, Energy, Materials The CBOE Volatility Index has […]
$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, President Trump said he may raise US tariffs on Chinese goods beyond 25% if trade negotiations with Beijing remain stalled. President Trump told reporters that the new 10% tariff he announced Thursday for $300-B in Chinese imports beginning 1 September will be imposed for a short term and could […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The FOMC cut interest rates as widely expected Wednesday, but Chairman Powell said he did not view the move as the start of a lengthy series of rate cuts. Fed Chairman Powell cited global weakness, trade tensions and a desire to boost too-low inflation in explaining the central bank’s decision […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Positive finish to a positive week. Again, the longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear […]
$DIA, $SPY, $QQQ, $GLD, $XAU, $USD FLASH: Investors now have no doubt that the Fed will cut interest rates on 31 July for the 1st time in more than 10 years and it is the beginning for the path to near Zero, with no recession in sight. For weeks, money managers have bet on a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US Q-2 GDP higher than estimates on strong consumer spending as the ‘Tight’ Fed, China trade dispute lowed growth Friday, economist Stephen Moore said he is “relieved” that the economy is at 2.1% growth, but said the numbers are not where they should be because of several factors, including […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The US stock market indexes ended Thursday near session lows after spending the day in the Red. The DJIA (-0.5%) and S&P 500 (-0.5%) posted comparable losses while the NAS Comp(-1.0%) under-performed during the session. The top-weighted technology sector (-0.8%) was among Thursday’s weakest, while most of the remaining cyclical […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.5%) and NAS Comp (+0.9%) set new records highs on Wednesday, driven by big gainers in semiconductor stocks and by shares of companies that beat earnings estimates, the Russell 2000 rose 1.6%. The DJIA lost 0.3% on losses in Boeing (BA 361.43, -11.54, -3.1%) and Caterpillar (CAT 131.91, -6.19, -4.5%) following disappointing earnings […]
$RACE FLASH: Charles Leclerc knew he wanted to be a F1 driver by the time he was 4 anni. He grew up in Monaco, home of the most famous Grand Prix of all, he says his 1st memory of the race is playing with toy cars at a friend’s apartment on the exit of the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Wall Street Liked the Trade News and Earnings Reports Moving this Market S&P 500 closes above 3000, boosted by encouraging trade news and positive earnings, guidance from widely-held companies High-level trade talks will reportedly continue in China next week from Monday to Wednesday 10 of 11 S&P 500 sectors […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 Information Technology sector (+1.2%) was Monday’s leader, led by shares of Apple (NASDAQ:AAPL) and semiconductor companies. The other 10 S&P 500 sectors hung near their unchanged marks. Apple outperformed after Morgan Stanley raised its price target to 247 from 231. The Philadelphia Semiconductor Index rose 2.0% following […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, and you saw it […]
