$RACE Hedge fund managers often reap large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds are pretty secretive, but we can still get some insights by analyzing their Quarterly 13F SEC filings. One of the best sectors for large returns is […]
A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering them to immediately to stop […]
Ferrari (NYSE:RACE) Reports on Completing Its Stock Buyback Program $RACE Ferrari (NYSE:RACE) announced Wednesday that under the common share buyback program announced on 9 February 2018, the Company has purchased additional common shares; reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) and the New York Stock Exchange (NYSE) as in […]
Ferrari’s (NYSE:RACE) Stock Option Call Volume Surging $RACE Ferrari’s (NYSE:RACE) Call volume spiked Tuesday, with more than 4,800 contracts crossing, compared to a daily average of 667. The data say that more than 50% of that volume is for the February 2019 105-strike Call, where 1 player bought more than $2-M worth of options, about […]
President Trump, “the Fed is the problem, must lower rates.” US President Donald Trump renewed his criticism of the Fed Tuesday, describing the central bank as a “problem” as he called for lower interest rates. The latest Presidential assault on the nation’s monetary authority comes as stocks dive on concerns ranging from slower global growth, […]
No US Recession in Sight, Talk is ‘Nonsense’ $SPY Rejecting economic speculation the correcting stock market is signaling an oncoming recession, White House chief economic adviser Larry Kudlow called the talk “nonsense” and added “recession is so far in the distance I cannot see it.” “I am reading some of the weirdest stuff about how […]
Presidential Harassment by Congressional Dems Causing Stock Market Concerns, They Will Pass $DIA No matter what you think of President Trump, his reign as President has been great for stocks. US President Donald Trump issued a Tweet on Monday blaming losses in the stock market on Democrats. “The prospect of Presidential Harassment by the Dems is causing […]
S&P 500 Falls 54.79 pts, Breaking 200-Day Moving Average on Tech Selloff $SPY, $DIA, $QQQ, $RUTX, $VXX A broad sell-off in technology companies drove US stocks sharply lower Monday, as Apple, Amazon, Goldman Sachs and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Bond trading was […]
All Indicators Say, “S&P 500 Will Hit 3,000 by Year’s End” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Byron Wien predicts that this Bull run, the longest in history, in the stock market is not over, and there is no recession in sight. Mr. Wien recently said in a TV interview that he is “not […]
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 […]
US Stock Market Setup to Rise 10% in Relief Rally Off of the October Pullback $DIA, $SPY, $QQQ, $RUTX, $VXX My work shows that the US stock market could rally in relief at least 10% after Tuesday’s midterm Congressional elections. With so much risk recently taken off the table heading into the elections it is a […]
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 […]
The People’s Bank of China has reportedly let the renminbi slip to a 10-year low against the dollar on Tuesday. A cheaper yuan helps Chinese products mitigate the losses from US import tariffs imposed by President Trump. The official yuan exchange rate was fixed at 6.9574 per dollar on Tuesday, 0.28 percent weaker than the […]
Ferrari (NYSE:RACE) Q-3 Earnings ‘Whisper’ $RACE Ferrari (NYSE:RACE) many analysts the iconic Italian automaker expect the Maranello outfit to deliver a Y-Y decline in earnings on higher revenues when it reports results for the Quarter ended September 2018. This consensus gives a good sense of the company’s earnings picture, but how the actual results compare […]
Bitcoin (BTC) Stable During S&P 500 Pullback $BTCUSD, $SPY, $DIA, $GLD Bitcoin (BTC) known for giving retail investors heart palpitations was calm over the past week, as the S&P 500 pulled back about 7% so far this month. Bitcoin was up 1% on the week, as of Friday afternoon, according to data, and stayed in […]
The Top 5 Most Shorted Stocks on the NYSE $F, $GE, $BAC, $SNAP, $RAD History tells us that October can be a volatile frame for the stock market, and this year we are seeing it in spades. Investors and traders worry about the Fed raising interest rates, weakness in global and emerging markets, the effects […]
Professionals Shorting These Stocks Big Time $AMD, $QCOM, $CZR, $SBUX History tells us that October can be a volatile frame for the stock market, and this year we are seeing it in spades. Investors and traders worry about the Fed raising interest rates, weakness in global and emerging markets, the effects of the trade dispute […]
Sell Off Overdone, Strong Buying Fuels Rally $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on oversold technicals giving the NAS Comp its biggest daily percentage gainer since March, as Microsoft’s (NASDAQ:MSFT) upbeat earnings fueled strong buying in tech names and investors bought up oversold shares. Traders said investors bargain-hunted Thursday after the market’s […]
Tesla (NASDAQ:TSLA) A Lesson in Why Not to Buy the Hype $TSLA Tesla Inc. (NASDAQ:TSLA) said late Monday evening that it expects to report Q-3 earnings after the closing bell Wednesday. Tesla stock was down 0.3% in after hours trading. The company will host a conference call at 5:30p EDT to discuss the Quarter and outlook. […]
China’s Growth Slows, Investors Seeking Reassurances Friday, China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz to shore up confidence in its fall stock market. Growth in the Quarter that ended in September slipped to 6.5% over a year earlier from the prior Quarter’s 6.7%, official data […]
Tesla (NADAQ:TSLA) Now Taking Deposits on a ‘Cheaper’ M-3 $TSLA Tesla is introducing a lower-priced version of its M-3 sedan. The base price will be $45,000; it will cost about $35,000 in California after federal and state tax rebates for as long as they last The company has long promised the M-3 would be a […]
Ferrari (NYSE:RACE) Raised to the Top of Bank of America Merrill Lynch Buy List $RACE Italy’s Iconic Ferrari Raised to Bank of America’s US1 Top List Tuesday Rates RACE buy, price target at 150 share “We continue to believe that Ferrari is an iconic asset, with strong growth prospects, which makes it a very attractively […]
Ferrari’s (NYSE:RACE) Financial Revisions Are Favorable $RACE Societe Generale up on Ferrari, saying Financial Revisions Are Favorable Ferrari’s (NYSE: RACE) improved fundamentals, new management and revised financial objectives led Societe Generale to apply higher multiples to its existing forecast for the iconic Italian Supercar manufacturer Wednesday. Shares of Ferrari fell 9% despite getting favorable comments from […]
Tesla’s (NASDAQ:TSLA) Stock Under Attack, No Market Support $TSLA Investors continue to punish Tesla (NASDAQ:TSLA) even as its M3 is becoming 1 of the best-selling sedans in America. The company managed to deliver on its Q-3 projections for the EV, and leading JPMorgan to boost its estimates. Monday, Tesla’s stock closed at its lowest mark since March 2017, hacking more […]
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 […]
Ferrari (NYSE:RACE) Stock: Again, calling it at 200+ $RACE Target price: 210.00 Recent price: 140.19 Frame: 6 to 12 months There is significant evidence that demand for Ferrari (NYSE:RACE) Supercars far exceeds the supply. For example, a buyer cannot just walk into a Ferrari dealer buy and drive off with a brand-new car on the […]
SEC Hammers Musk, Market Hammers Tesla (NASDAQ:TSLA) Shares $TSLA Tesla (NASDAQ:TSLA) COB/CEO Elon Musk, 47 anni, could have settled with US regulators who have sued to remove him from the niche EV maker’s leadership. Instead, he says he will fight the securities fraud lawsuit against him in court Friday, as shares dove 13.9% deep Bear […]
SEC Charges Musk With Stock Fraud, Want Him Removed From Tesla (NASDAQ:TSLA) $TSLA Late Thursday, the US Securities and Exchange Commission (SEC) accused Tesla (NASDAQ:TSLA) COB/CEO Elon Musk, 47 anni, of stock fraud and sought to remove him from his role in charge of the EV company, saying he made a series of “false and […]
China said on Tuesday it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like “holding a knife to someone’s throat”. Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is open to negotiations but that […]
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 […]
Tesla (NASDAQ:TSLA) Need Lots More Cash, What is Going to Happen? $TSLA, $MS Wall Street experts say, “Tesla will need to raise more cash”, it has some notions about how and when that may happen. Morgan Stanley (NYSE:MS) said that in addition to a capital raise in Y 2018, Elon Musk may also need an outside […]
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 […]
People a Asking: What Does the Future Hold for Elon Musk and Tesla? $TSLA On Tuesday, news broke that the Department of Justice had started a probe into Elon Musk’s 7 August ‘420’ Tweet: “Am considering taking Tesla private at $420. Funding secured.” The news of the DOJ inquiry sent Tesla stock tumbling yet again, […]
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 […]
Stock Buybacks Up 50% to $384-B $AAPL, $GS, $SPY The biggest use of cash among S&P 500 companies is making their public footprints smaller, a strategy that is paid dividends in 2018. According to Goldman Sachs (NYSE:GS), aggregate share repurchases aka buybacks, rose by nearly 50% to $384-B in 1-H of Y 2018. That tops […]
Tesla’s (NASDAQ:TSLA) M3, From Production Hell to Delivery Hell $TSLA Tesla (NASDAQ:TSLA) Sorry folks, we have gone from Production Hell to Delivery Hell Tweeted Tesla’s CEO Elon Musk. Production Hell Delivery logistics hell is a problem that is tractable, and Mr. Musk says Tesla making progress. And that it hould be solved shortly.” Mr. Musk […]
Gold-Silver Ratio at Highest Mark in 27 Years $GLD, $SLV, $OIL, $SPY, $QQQ The Gold-Silver Ratio has been one of the most reliable technical ‘buy’ indicators for Silver, whenever the ratio climbs above 80. The Big Q: Is the current spike in the gold/silver ratio forecasting another stock market crash? The gold-to-silver ratio has moves […]
China is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries — loosely defined as having fast growing but volatile economies — have seen their currencies battered in recent weeks, plunging their finances into turmoil, and raising fears […]
Savvy Investors Are Buying Blockchain Technology Stocks $IBM, $GBTC, $BR The technology known as blockchain is what the cryptocurrency market is built on. However, that is not its only function, it is also being used to change nearly every industry that deals with transactions and ledgers. Yes, there is Key connection between blockchain and cryptocurrencies, […]
The Trump Economy Is ‘Killing It’ Right Now $DIA, $SPY, $QQQ, $RUTX, $VXX White House economic adviser Larry Kudlow urges all Americans to give President Donald Trump’s negotiating strategy more time because the “entire world” will benefit if all goes if planned because he “is doing the Lord’s work.” As evidence, Mr. Kudlow offers the […]
Did Google Hack the 2016 Election Video of an internal Google meeting shows the company’s top officials talking about using AI to fight populism and “low-information voters” in the wake of Donald Trump’s victory in the 2016 US presidential election. The 1-hour “confidential, for internal use only” video was posted by Breitbart on Wednesday. It […]
“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, […]
Tesla’s (NASDAQ:TSLA) CEO Musk’s Tweets, Stock Takes Another Hit $TSLA Elon Musk, Tesla’s CEO, Tweeted that he is removing 2 of the 7 regular/standardcolors currently available for Tesla’s EVs Tuesday, the financial media reported that the colors, obsidian black and metallic silver, would still be available for potential buyers, but at a higher price than the […]
Wall Street’s Red Lights Flashing on Tesla’s (NASDAQ:TSLA) Ability to Pay Debt $TSLA Tesla’s (NASDAQ:TSLA) stock price and CEO, Elon Musk are getting the headlines, but the real story looks to be the steep decline in the value of the EV maker’s bonds. $1.8-B of Tesla bonds due in August 2025 marked a record low Friday. The bonds […]
Americans are Optimistic About the Future $DIA, $SPY, $QQQ, $RUTX, $VXX Economists say the country is close to full employment, but pay gains for American workers have been flat since Y 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans have not been this optimistic about future […]
Tesla’s (NASDAQ:TSLA) Board is Derelict, Has No Interest in Controlling Musk $TSLA Tesla (NASDAQ:TSLA) over the last month and more, investors, analysts, and journalists have been focused on its CEO Elon Musk. The Big Qs: Is Elon Musk NutZ? How much legal trouble is he in after his “‘420’ buy-out funding secured” Tweet? Why are […]
Huge Tariffs on Chinese Goods Ready Now US President Donald Trump has raised the stakes on the proposition that the world will line up behind the US to take on China over trade. President Trump said Friday that he is willing to slap tariffs on an additional $267-B in Chinese goods, on top of duties […]
Elon Musk, Tesla’s (NASDAQ:TSLA) CEO Tried to ‘Burn’ Short-Sellers $TSLA Tesla, Inc. (NASDAQ:TSLA) and CECO Elon Musk has been sued by noted short-seller Andrew Left, who alleges Mr. Musk fraudulently engineered his since-abandoned plan to take Tesla private to “burn” stock investors who bet the EV company’s shares would plunge. Mr. Left, who runs Citron […]
Mercedes Unveils EV SUV, Goldman Sachs says ‘sell’ Tesla $TSLA, $DDAIF, $GS Heavy pressure is bearing down on Elon Musk and Tesla (NASDAQ:TSLA). CEO Musk is shouldering a production Hell, cash crunch, the ‘420’ Twitter-induced drama, and now competition from 1 of the most powerful manufactures in the automotive sector is bring to market its […]
US Stocks Indexes Paused, Dipped After Record Runs $DIA, $SPY, $QQQ, $RUTX, $VXX Stock indexes pulled back from record highs Thursday, as President Trump said he wants to impose tariffs on $200-B worth of Chinese goods next week. President Trump has not made his final decision regarding this new round of tariffs on China, the […]
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 […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk’s Credibility is ‘Shot’ $TSLA At 1st came the ‘420’ Tweet that funding was secured and Tesla (NASDAQ:TSLA) may go private, then a statement that the money was not locked down after all. Then about 3 weeks later blogs that he cannot do it, so the deal is off. Welcome to […]
Like Tesla’s (NASDAQ:TSLA) Stock, its Bonds ‘Tanked’ Too $TSLA The ‘420’ Tweet has raised pointed question from The Street about his judgement, is it impaired? Like its stock price, Tesla (NASDAQ:TSLA) bonds have given up all of the gains they made after the company CEO, Elon Musk shocked investors with the ‘420’ Tweet on 7 […]
Tesla’s (NASDAQ:TSLA) Institutional Investors Backing Away $TSLA, $MS, $GS Tesla (NASDAQ:TSLA) CEO Elon Musk’s ‘420’ bid to take the fledgling EV maker private has taken another turn that has triggered trading chaos, as Morgan Stanley became the 2nd firm to suspend coverage of the stock. Recall that last week Goldman Sachs announced that it removed its Tesla […]
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 […]
The Chinese Economy “looks terrible, it is collapsing” $USDCNY President Trump’s economic adviser Larry Kudlow says the Chinese economy “looks terrible.” Asked by President Donald Trump to assess China’s prospects this week at a cabinet meeting,Mr. Kudlow declared that “their economy is just heading South,” citing “the latest batch of numbers” from China’s markets. “I’m not a […]
Budcoin to Build Marijuana Transactional Portal The Budcoin Portal will deliver solutions for growers, retailers, brands and end users. Whether you are a major Agricultural operation or growing plants in your home Budcoin’s interface will help you produce quality plants, discover new technology and for businesses offer a fast and secure transactional platform for industry […]
Hundreds of Google employees have signed a protest letter over the company’s reported work on a censor-friendly search engine to get back into China, The New York Times said Thursday. The employees are demanding more transparency so they can understand the moral implications of their work, said the Times, which obtained a copy of the […]
Morning Briefing: Special Report on Strong US Retail $WMT, $COST, $AMZN, $LOW, $URBN, $DG, $HD, $DLTR, $JWN On the world markets: World stocks rose Friday as news of plans for US-China trade talks stoked positive sentiment over their tariff dust up, DJIA finished comfortably above Key resistance at 25,500 expect a pause to refresh and the […]
SEC’s Scrutiny of Tesla (NASDAQ:TSLA) and Elon Musk Expands $TSLA The US Securities and Exchange Commission has sent subpoenas to Tesla Inc (NASDAQ:TSLA) regarding CEO Elon Musk’s ‘420’ plan to take the company private and his statement that funding was “secured.” The fledgling EV makers shares fell as much as 4% but cut their losses […]
Tesla (NASDAQ:TSLA) Short-Sellers Back in Force $TSLA The number of Tesla Inc. (NASDAQ:TSLA) shares sold short has rebounded and are now higher than before CEO Elon Musk proposed Tuesday taking the EV maker private, according to data from financial technology and analytics firm S3 Partners. As of Thursday, 34.75-M Tesla shares were sold short, up […]
Tesla (NASDAQ:TSLA) Trading Halted on Musk ‘420’ Comments $TSLA Tesla, Inc’s (NASDAQ:TSLA) CEO Elon Musk made a surprising proposal to take the fledgling EV maker private has prompted regulators to suspend trading in the company’s stock. The unusual step taken Tuesday afternoon came shortly after Mr. Musk dropped a bombshell on Twitter by announcing he […]
Are Facebook, Google and Twitter Plotting a Coup In America The US Constitution explicitly forbids government censorship. So Silicon Valley big-tech companies made themselves the gatekeepers of ‘goodthink,’ de-platforming anyone who runs afoul of their arbitrary ‘community standards.’ Alex Jones, the host of InfoWars, has often been derided by establishment media as a conspiracy theorist. […]
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 […]
Silicon Valley giants have become a gargantuan force on Wall Street, as demonstrated by Apple recently topping $1 trillion in stock-market valuation. But should we fear that a new tech bubble is ready to burst? Here are some questions and answers about the sector: – What does the tech sector represent on Wall Street? – […]
US Hails EU Trade Deal, President Trump Says Others Can Also Make Progress $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US Treasury Secretary Steven Mnuchin declared the the United States will move ahead with European trade talks and also aim to strike a deal with Mexico and Canada in stalled negotiations over the North American Free […]
Shares in electric car maker Tesla dipped after reports it asked suppliers for a cashback to become profitable on paper. The Wall Street Journal sites a Tesla memo, in which the carmaker asked its major supplier to refund some money Tesla had paid earlier. Tesla characterized it as a re-investment to continue the long-term growth […]
Trade War: It’s Still Boom Time in China China’s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday. In the second quarter, China’s GDP rose 6.7 percent year on year, […]
Ferrari’s (NYSE:RACE) Stock ‘Clean Air Ahead’ $RACE Shares of Ferrari (NYSE:RACE) are + 35% YTD, but they came off their highs to consolidate the last Bull leg that Topped at 149.85 a few weeks ago. Ferrari finished Monday in NYC at 136.38, +1.02, or +0.75%, the market is closed. And there looks to be more […]
Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […]
Wall Street Pulls Support from Tesla (NASDAQ:TSLA) $TSLA Key Indicators Turning Very Bearish Tesla’s (NASDAQ:TSLA) CEO Elon Musk is on Twitter scolding news organizations for quoting analysts with a Bearish view of his struggling EV maker. Of the 31 Analysts covering the stock, 10 say to sell, or 32%, meaning the Bears are coming out […]
President Trump’s $500-B Trade Threat Hammering China Investors $DIA, $SPY, $QQQ, $RUTX, $VXX Now, with 6 months of wrangling over trade tariffs with the United States has wiped out 22% and counting of China’s stock market value and driven its currency down sharply. Those moves are just the beginning on what may be coming. Shanghai’s benchmark […]
China has announced sectors of the economy where it will ease foreign investment rules, with leaders stepping up efforts to portray the country as opening up as they prepare for a possible trade war with the United States. The new “negative list” outlines key reforms in the financial sector while dropping restrictions in areas including […]
Goldman Sachs Very Bearish Tesla (NASDAQ:TSLA), Musk Bristles… $TSLA Elon Musk says Tesla (NASDAQ:TSLA) bears like Goldman Sachs are in for a ‘rude awakening’ Goldman Sachs raised its Model 3 production estimates Monday, but the bank is Very Bearish Tesla. CEO Elon Musk sent a news article about the analyst note to the entire company. “They […]
Ferrari’s (NYSE:RACE) Stock Dip a Buying Opportunity $RACE Ferrari (NYSE:RACE) stock price has seen strong growth since July 2016. There are just a hand full of analysts covering the world’s #1 automotive brand stock, and it rightfully commands a luxury Price/Earings ratio in the 40’s plus pays a dividend conferring on the iconic Italian supercar […]
U.S. stocks ended lower on Monday as market sentiment was dented by fears of escalating trade tensions between Washington and its major trade partners. The conflicting signals on trade policy from the Trump administration reflect deep divisions among policymakers over how hard to push China on demands for changes in trade, technology transfers, and industrial […]
A New York state bill that would outlaw ‘revenge porn’ has been shelved until next year, after a late lobbying effort by tech giant Google succeeded in blocking a vote in the state Senate. The bill, which existed in legal limbo since 2013, was pushed through the State Assembly after a New York Post article […]
Instagram said Wednesday it now has more than one billion active users, as it unveiled a new long-form video feature in a bid to attract “creators” like those on YouTube. It becomes the fourth Facebook platform to hit the billion-user mark, including the namesake social network with more than two billion users, and the messaging […]
The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’ $DIA, $SPY, $QQQ, $RUTX, $DJSH, $VXX Tuesday’s stock market plunge shocking Chinese investors. China’s benchmark equity gauge sank almost 5% at one point and by the close, the escalating tensions with the US pushed 1,023 stocks ‘lock limit’ down by 10% on the day, that is […]
Apple Fined for Error 53 in Australia Apple was Tuesday fined Aus$9 million (US$6.7 million) by an Australian court for making false claims about consumer rights when refusing to fix faulty iPhones and iPads previously repaired by a third party. Customers of the US tech giant had complained to the Australian Competition and Consumer Commission […]
Ferrari’s (NYSE:RACE) Stock Broke Out Marking New 52 Wk Highs $RACE Ferrari is the world’s #1 Automotive Brand, and a Aristocrat stock. Ferrari (NYSE:RACE) marked a 52-wk high on the week, and now has 154.86 target or 4.00 % above Friday’s close in New York at 148.90/share. The chart is Very Bullish and indicates low risk […]
F1: Ferrari (NYSE:RACE) Resolves Fuel Consumption Issue $RACE The Big Q: Did the upgraded Ferrari F1 engine run at the Canadian GP resolve the fuel consumption issue they had in the beginning of the season? The Big A: That is a complex question. This is how the experts see it: As well as simply improving the […]
Apple Vs FBI a Battle they Might Lose Apple said Wednesday it was strengthening encryption on its iPhones to thwart police efforts to unlock handsets without legitimate authorization, a battle it may well lose. The move by Apple, the latest in an ongoing clash with law enforcement, comes amid reports of growing use of a […]
Ferrari (NYSE:RACE) is an Aristocrat stock, it Pays Dividends $RACE Ferrari is HeffX-LTN’s Stock of the Year, sees a Bullish Breakout, there is no resistance. Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it […]
Ferrari (NYSE:RACE) HeffX-LTN’s Stock of the Year, Bullish Breakout $RACE Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it consolidation pattern. The chart is telling me that the stock is spring loaded for a […]
A court cleared the way for a rare defamation action against Google on Wednesday after a man claimed the global internet giant published material linking him to Australia’s criminal underworld. Entertainment promoter Milorad Trkulja was shot in the back at a Melbourne restaurant in a 2004 crime that was never solved. In 2012, Google was […]
Officials from around the world have been speaking highly of Chinese President Xi Jinping’s keynote speech delivered Sunday at the Shanghai Cooperation Organization (SCO) summit in the eastern Chinese seaside city of Qingdao. In the speech, Xi called on countries involved in the regional bloc to work closely to build an SCO community with a […]
The Trump Effect at Work: US Household Wealth Tops $100-T $DIA, $SPY, $QQQ, $RUTX US household wealth topped the $100-T mark for the 1st time in Q-1 of Y 2018, the Fed reported late Thursday. The Fed said the net worth of the nation’s households and nonprofits rose to $100.8-R in the 1st frame of the year, […]
Prime Minister Malcolm Turnbull would “love” Facebook boss Mark Zuckerberg to be grilled by Australian lawmakers, he said Thursday, in the wake of revelations the tech giant allowed Chinese smartphone makers access to user data. The social media behemoth has drawn renewed criticism after confirming it shared data with Chinese electronics firms, including Huawei which […]
China is ramping up efforts to promote yuan as a global currency. After the crackdown on outflows and devaluation in 2015, the renminbi is once again gaining momentum. The record share of yuan in global trade was at 2.8 percent three years ago, according to Bloomberg. Its share shrank to 1.7 percent in April, but […]
At least 60 different firms – including Apple and Microsoft – have data-sharing partnerships with Facebook, which gave them access to user data without explicit consent, according to a New York Times investigation. The report claims that Facebook allowed its partners to access the data of users’ friends without their explicit consent, even after declaring […]
Is it Time to Sell Apple Inc After a decade of sizzling growth, the smartphone market has suddenly cooled. Surveys show smartphone sales last year shrank slightly for the first time since the 2007 debut of the iPhone, and preliminary data this year suggests further deceleration. Analysts say several factors have hit the smartphone market […]
Tesla’s (NASDAQ:TSLA) Bulls Retreat $TSLA Tesla’s (NASDAQ:TSLA) Bullish sentiment has sharply shifted on the stock, and Wall Street is not likely to buy into any more pf CEO Elon Musk’s hype until August’s Quarterly earnings gives them a reason to, it they do. This means that it is time to look at a short-term Bearish […]
Tesla (NASDAQ:TSLA) Sued for “Pump & Dump” Securities Fraud $TSLA Tesla (NASDAQ:TSLA) has petitioned a federal court in San Francisco to dismiss a securities fraud lawsuit filed by shareholders, which accuses the automaker of lying about its ability to mass produce the Model 3 sedan. The lawsuit, filed in October, alleges that Tesla released false […]
Investors are Pouring Money into Stock Funds $DIA, $SPY, $QQQ, $VXX Investors poured money into US ETFs (stock exchange-traded funds) during the latest week, restoring a Key pillar of support for markets, data from the Investment Company Institute showed. US-based equity ETFs collected $11.2-B during the week through 16 May, according to the ICI trade group, the […]
Netflix (NASDAQ:NFLX) Passed Disney’s Market Cap for a Moment and Faded $NFLX ,$DIS A close over 354/share will make Netflix the World’s #1 Entertainment company by market cap. Thursday, Netflix’s (NASDAQ:NFLX) stock market value hit $153-B passing the Walt Disney Co. (NYSE:DIS) making it the world’s top entertainment company (for a moment) underscoring a monumental […]
Ferrari’s (NYSE:RACE) Earnings, Profits Running Ahead of ‘Expert’ Estimates $RACE When Ferrari (NYSE:RACE) came to market in October 2016 sector analysts and investors worried the shares were too expensive because they were valued as if it was a luxury goods company, not a car maker. To the naysayers’ dismay Ferrari’s performance on the stock market […]
Stocks Run as Possible US-China Trade War Put ‘On Hold’ $DIA, $SPY, $QQQ, $RUTX The small-cap Russell 2000 (+0.7%) advanced to a new record high for the 4th session running. US stocks spiked Monday after the US and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also […]