Take-Two Interactive Software (TTWO – Snapshot Report), one of the world’s leading developers of video games, reported its first quarter fiscal 2016 results after the closing bell this afternoon. Take-Two is most notable for its NBA 2k, Grand Theft Auto, and Borderlands games franchises. A series of successful games, led by Grand Theft Auto V,…
Broad Rally Breaks 7 Day Slump Led By Energy, Industrials and Materials But Momentum in Biotech is Broken Momentum stocks are being sold after huge gains year to date. Lock-ups are expiring and the sentiment has shifted as even good earnings news somehow disappoints. No it is not a bear market in biotech just the…
I’m not going to sugarcoat it: today sucked out loud for me. I actually got stopped out of very few positions, because the “big picture” tops are still cleanly in place, but the huge relief rally we got definitely took a hatchet to my portfolio profits. Since I’m always happy to share success stories, I…
A curious thing is happening in the battle on carbon. Solar panels are finally becoming cheap enough and efficient enough to warrant usage, without government subsidies, at least in sunny places. Everyone should be happy. Right? Instead we have tariffs, fees, and taxes on those who use solar panels. In effect, when solar energy made…
A curious thing is happening in the battle on carbon. Solar panels are finally becoming cheap enough and efficient enough to warrant usage, without government subsidies, at least in sunny places. Everyone should be happy. Right? Instead we have tariffs, fees, and taxes on those who use solar panels. In effect, when solar energy made…
Headquartered in New York, Shake Shack Inc. (SHAK – Snapshot Report) offers all natural, vegetarian-fed Angus beef burgers and homemade custard in addition to hot dogs, crinkle cut fries, beer and wine. SHAK operates in locations that include 9 U.S. states, London, Instabul and Dubai. The restaurant launched its IPO in January of this year…
A cyclical sell point’s on the horizon. I hate repeating myself. I really do. I got a lot of, um, questions from gold aficionados about my July 22 column (“Money Managers Leaving Gold Behind”). Most queries disputed my metrics, i.e., the vault assets backing a gold ETF and the size of Comex gold futures positions. My thesis was…
According to the latest ICI Fact Book, assets in the US-registered mutual funds totaled $15.8 trillion at the end of 2014, whilst exchange traded funds (ETFs) had just short of $2 trillion AUM. I find this difference odd given that ETFs have been around for over 20 years and their advantages over mutual funds are…
(Photo Credit: Paul Lowry) In this week’s 5 Stocks to Watch, we take a look at the names with the largest shifts in EPS consensus ahead of earnings reports. Monday, August 10 Tuesday, August 11 Friday, August 14 Take Two Interactive (TTWO) Information Technology, Software | Reports August 10, after the close On August 4, the…
Gold and silver popped a bit today, from what can only be described as a ‘deeply oversold’ condition. And weakness in the dollar index certainly was a factor, although again it is good to keep in mind that the DX index is largely outdated, and just the inverse of the Euro which is undergoing its…
