NovoCure (NASDAQ: NVCR) is a commercial stage cancer treatment company set for an IPO offering 12.5 million shares of common stock with a price target of $26-$29 per share. The company scheduled a $344 million from the IPO with an estimated market cap of $2.4 billion. The underwriters for the IPO include Deutsche Bank, JPMorgan Chase,…
“In vain I had at heart to find The center and the end of space. Beneath some burning, unknown gaze I feel my very wings unpinned… And give my name to the abyss Which waits to claim me as its own.” Charles Baudelaire, Lament of an Icarus Stocks were wide ranging, and once again found some…
Curve Watcher’s Anonymous points out 3-month treasury yields dipped briefly negative on several days recently. Yield on the 3-month bill was negative again today. Here is a table I put together with Treasury Yield Quotes from Bloomberg. Treasury Yields vs. Month and Year Ago Duration Current Yield Yield Month Ago Yield Year Ago Yield vs. Month Ago…
If you recently stayed at a Hilton Hotel, Embassy Suites, Doubletree, Hampton Inn and Suites, or Waldorf Astoria – a hack may have exposed your financial details. Banks have identified a pattern of fraud that strongly suggests certain payment systems in these Hilton Hotel properties in several locations were hacked, exposing customer payment card information….
We Just Had A Rare Waterfall Plunge Those close to the markets know stocks had a very difficult time between the close on August 19 and August 25. In fact, between those dates, the maximum drop in the broad NYSE Composite Stock Index was 11.02%. Given the severity of the plunge, history says we should…
Private nonfarm payrolls in the US are projected to increase by 177,000 (seasonally adjusted) in tomorrow’s September report from the Labor Department, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects a modest improvement over the weak 140,000 gain in August. Two estimates based on recent surveys of economists…
We were alerted in July thanks to my friend Pat’s tip on some panic in Machine Tools by Mori Seiki. We have since tracked machine tool sales data right down the drain and watched a steadily easing ISM each month (going back to well before the machine tools data fell off a cliff). Here’s the…
We look at what a gap is, how it can be quantified and traded, and establish a lexicon for identifying the different aspects of a gap trade. Video Length: 01:10:00
Video Length: 00:08:42 Talking Points: – GBP/USD Retail Positioning at Extremes Following Failed Test of May Low (1.5088). – AUD/USD Rebound Stalls at Former Support; Downside Targets in Focus Ahead of RBA Meeting. – USDOLLAR Fails to Retain Opening Weekly Range as ISM Manufacturing Disappoints. GBP/USD Chart – Created Using FXCM Marketscope 2.0 GBP/USD remains at risk for a further loss over…
It’s been awhile since Apple underperformed the market. This week Apple is down 6% while the SP 500 is down 1%. The way I see it, Apple sets up nicely in this vicinity with a few key support confluence areas nearby. Click on picture to enlarge Apple’s stock price opened and hit $92 during the…
