Let me stipulate up front that when it comes to the global gold market, the Comex has actual gold flows that are so meager compared to the amount of trading which occurs on paper that I have described it as The Bucket Shop. As of Wednesday, only 171,613 ounces (5.13 tonnes) were ‘up for delivery.’…
In the last trading session, the U.S. stocks rose on better-than-expected results in the financial sector and the fading prospect of interest rates hike. Among the top ETFs, investors saw (SPY – ETF report) gain 1.5% while (DIA – ETF report) rise 1.3% and (QQQ – ETF report) move higher by 1.6% on the day. Two more specialized ETFs are worth…
Shares of Zafgen (ZFGN) are down 32% today after the FDA announced a partial clinical hold on the company’s obesity trials. The FDA partial clinical hold is for a compound known as beloranib, it is being used to treat patients with obesity. The clinical trials placed on hold are known as ZAF-311 and ZAF-312. Once…
Skilfully interviewing company management is one of the most daunting and challenging tasks of an equity analyst or portfolio manager. Top class analysts who have learnt to do it well incorporate it as a key part of their process, and it puts them at a meaningful advantage over their peers. These analysts will come away…
123RF Walmart (NYSE:WMT) has decided to forego profits for a while and try to fix the business. Probably a good excuse for some to ditch it, although that might be overdone. But fascination over WalMart’s 10% fall on Oct 14, which extended into yesterday’s trading when it traded below $60, did not have to extend into…
Have you been eager to see how SunTrust Banks, Inc. (STI – Analyst Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning: Earnings SunTrust came out with earnings per share of $1.00. The results included 7 cents per share in discrete…
Forgiving skyrocketing student debt won’t solve the real problem, which is the soaring costs imposed by a cartel that is failing to prepare students for the economy of tomorrow. Everyone understands soaring student debt is a problem: burdened with $1.3 trillion in student loans, young people are unable to start businesses, buy homes and start families….
It’s Option Expiration.. and that can mean only one thing – ridiculous and disjoined entirely illiquid jerky moves in equity markets (and their respective derivatives)… Click on image to enlarge And the S&P follows… The options ‘tail’ continues to wag the stock market ‘dog’ – Thanks Janet Charts: Bloomberg
Fitch just downgraded Brazil (EWZ) to near-junk. Brazil’s economy is the 7th largest in the world at $2.4Tn – that’s above Italy, India, Russia, Canada, Australia and just under France ($2.8Tn) and the UK ($2.9Tn), yet Americans know very little about Brazil, who had their credit rating dropped to BBB- by S&P last month as well. Having one credit agency mark you down…
Gold ended slightly lower Thursday, marking the first loss in five sessions, as the dollar strengthened on the back of the stronger-than-expected U.S. inflation and jobless claims data. The XAU/USD pair traded as low as $1174.35 an ounce after the Labor Department said its core consumer price index rose 0.2% in September and the number…
