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Claims Finally Break Below 500K
Today 15:14 EDT
What GameStop Reminds Us
Today 15:14 EDT
Let me get this straight. A currency created as a joke and that you can't buy anything with has run up 500% in the first few months of the year?
Big Break on Small Caps
Today 14:54 EDT
At long last, the trendline from the March 23rd bottom has broken. This is an important and unprecedented event.
Why a Strong Jobs Report May Not Help the Dollar
Today 14:41 EDT
Non-farm payrolls are due for release on Friday and the U.S. economy is expected to add nearly a million jobs.
The Rebalance of Power: Tesla, Walmart, & Disney Join the S&P 500 ESG Index, Facebook, Wells Fargo, & Costco Dropped
Today 14:27 EDT
Pressure on firms to perform in sustainability rankings has never been higher, as Wall Street’s hottest topic gets hotter still. But what firms benefit from all this heat?
SPH: This Small Cap’s 8% Yield Ain’t Right
Today 14:13 EDT
The company’s free cash flow slipped last year to $177 million from $192 million. This year, it is forecast to decline another 7% to $164 million.
Cruise Stocks Running Aground
Today 13:52 EDT
A key sign of good news being priced into a stock happens when you start to see selling into strength, and that’s exactly what we’ve seen over the last several weeks in the cruise operators.
Most Active Equity Options For Midday - Thursday, May 6
Today 13:41 EDT
Top tickers for midday: AAPL, TSLA, UBER, PLTR, NIO, PFE, VIAC, AMZN, RKT, AMD, PTON, PYPL, FSLY, MSFT, FB, SNAP, MRNA, PLUG, BAC, AMC.
Dow Inches to Record High as Nasdaq Eyes Worst Streak in Months
Today 13:28 EDT
The Dow is clinging to shallow gains midday. The Nasdaq is headed for its fifth-consecutive daily drop.
More About Backwardation and Transitory Inflation
Today 13:18 EDT
Continuing to look into commodity futures and the inflation messages that they may be sending. Commodities markets are seeing the highest rate of backwardation that they have experienced in more than...
Corn Not To Be Denied. The Corn & Ethanol Report
Today 13:05 EDT
On the Ethanol front, there were no trades posted in the June contract. The August contract did trade at 2.330 which was .070 higher.
Gold Miners: Are PMs the New Titanic?
Today 12:51 EDT
Inflation is lurking for investors like a well-hidden iceberg. One false step and there is nothing left but a massive price-drowning.
Today 12:39 EDT
Oil Price Rally Vulnerable Amid Failure to Test March High
Today 12:26 EDT
The price of oil pulls back from a fresh monthly high ($66.76) despite a larger-than-expected contraction in US inventories, but signs of subdued supply may keep crude prices afloat as US output...
Mild Pullback Continues
Today 12:14 EDT
The mild bout of weakness is here, but its magnitude depends on which index you view. The Dow Industrials have been the strongest and the Nasdaq 100 has been the weakest.
Is the Market Still Overvalued? - Thursday, May 6
Today 12:00 EDT
Based on the latest S&P 500 monthly data, the market is overvalued somewhere in the range of 121% to 310%, depending on the indicator, up from 111% to 290% the previous month.
Jazz Pharmaceuticals Closes On Acquisition Of GW Pharma, Adds CBD Drug Epidiolex To Portfolio
Today 11:52 EDT
The biopharmaceutical company Jazz Pharmaceuticals, has finalized the acquisition of the cannabinoid drug company GW Pharmaceuticals plc.
Google’s Growth Continues Despite Regulatory Concerns
Today 11:38 EDT
Alphabet’s first-quarter net revenues grew 34% over the year to $55.31 billion, ahead of the market’s forecast of $51.7 billion.
NDX Futures Made An Overnight High
Today 11:30 EDT
NDX futures made an overnight high at 13570.00 but eased back beneath the mid-Cycle support/resistance at 13549.00.
Lumber and Copper Are Surging. Will Gold Join the Party?
Today 11:21 EDT
There’s no inflation… None at all. Only, completely by accident, lumber prices are skyrocketing. Gold is likely to remain silent, but it may catch up later.
What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?
Today 11:13 EDT
Did you know that the price of corn has risen 142 percent in the last 12 months? Of course, corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel...
Stocks And Gold – Hot And Hotter
Today 11:06 EDT
The rebound off Tuesday‘s lows continued semi-successfully yesterday – further upside was rejected in spite of signs of strength both within the S&P 500 and outside markets.
If Not Now – When??
Today 10:53 EDT
The Fed enables reckless government spending; creating trillions of dollars, backed by nothing but political promises to be paid by future generations. Enough is enough!
Turkey: Policy Rate Remains Flat After May MPC
Today 10:41 EDT
Given challenging inflation dynamics, fragile capital flows, and the exchange rate outlook, the Central Bank of Turkey has remained on hold this month, keeping the policy rate at 19%, as expected.
In the days after Amazon reported blowout earnings, Jeff Bezos sold about $2 billion worth of stock.
New Jobless Claims: 1st Target Achieved!
Today 10:27 EDT
New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic - new...
Weekly Unemployment Claims: Down 92K from Last Week
Today 10:09 EDT
This morning's seasonally adjusted 498K new claims, down 92K from the previous week's upwardly revised figure.