It is no secret that US credit markets have been increasingly stressed lately. Junk bonds are tanking and junk’s ratios to the relative quality of Investment Grade and Treasury have as well. The percentage of North American companies losing money is steadily climbing and that should be an indication of a coming increase in…
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(Photo Credit: Sergio Uceda) Monday, December 14 Wednesday, December 16 Friday, December 18 VeriFone Systems (PAY) Information Technology – IT Services | Reports December 14, after the close. The Estimize consensus calls for EPS of $0.49, just a penny higher than Wall Street and company issued guidance. The Estimize community is looking for sales of $516.9M,…
GBP/USD continues to face downside pressure following a reversal of its Friday gains during Monday trading session. It looks to extend that weakness in the days ahead. Support lies at the 1.5100 level where a break will turn attention to the 1.5050 level. Further down, support lies at the 1.5000 level. Below here will set…
Weekly Market Outlook Despite ending the first week of December on a bullish foot, the bears started – and finished – last week in charge of things… to say the least. Last week’s -3.8% pullback was the biggest weekly loss for the S&P 500 (SPX) (SPY) since the heart of the August meltdown. Perhaps worse, the pullback…
Well, the big week is here at last, and preparations are well underway. The podium at the Eccles building is being prepared. The microphones are being double-checked. And the poor chap who has to shave Janet’s back before each press conference is subjecting his best blade to a strop to ensure an excellent job. We’re…
Xactly Corporation (NYSE:XTLY) – Sell or Short Recommendation – $8.25 PT December 23, 2015 concludes the 180-day lockup period on Xactly Corporation. We previewed IPO lockup expiration events and opportunities on our IPO Insights platform. When the lockup period ends for XTLY, its pre-IPO shareholders, directors and executives will have the chance to sell their ~20 million shares. (This was…
Xactly Corporation (NYSE:XTLY) – Sell or Short Recommendation – $8.25 PT December 23, 2015 concludes the 180-day lockup period on Xactly Corporation. We previewed IPO lockup expiration events and opportunities on our IPO Insights platform. When the lockup period ends for XTLY, its pre-IPO shareholders, directors and executives will have the chance to sell their ~20 million shares. (This was…
In this article I will assess the strength of U.S. economic activity by analyzing the components of The Conference Board’s (hereafter “the CB”) Leading Economic Index, along with a few additional indicators. Overall, the analysis indicates a significant slowdown in U.S. economic activity, and the possibility of a recession in 2016, based on: 1) lack of growth in…
The dollar-euro is the most actively traded currency pair in the world. It is often what is meant when people ask where is the dollar trading. Dollar bullish sentiment prevailed in 2015, but many large banks doubt that it will continue in 2016. This Great Graphic from the Wall Street Journal shows the euro forecasts of eleven major banks. Indeed,…
