Cisco Systems Inc. (CSCO – Analyst Report) released their second quarter fiscal 2016 earnings results, posting earnings of $0.53 per share (excluding $0.09 of nonrecurring items) and revenues of $11.92 billion. Currently, CSCO has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key…
Wave Analysis: EUR/USD is currently trading just below a very significant resistant level 1.1316. Unless the price breaks above 1.1337, we will be keen to look for short positions below 1.1316 with our targets at 1.1213 and 1.1128. A close above 1.1337 would mean we are headed long but with an ultimate target at 1.147….
How Did the Stock Market Do Today? Dow Jones: 15,914.74; -99.64; -0.62% S&P 500: 1,851.86; -0.35; -0.02% Nasdaq: 4,283.59; +14.83; +0.35% The Dow Jones Industrial Average today (Wednesday) fell 99 points as markets reacted to U.S. Federal Reserve Chairwoman Janet Yellen’s testimony before Congress on the health of the U.S. economy. Shares of Tesla Motors Inc. (Nasdaq: TSLA), Twitter Inc. (NYSE: TWTR), and Whole Foods Market Inc. (Nasdaq: WFM) are in focus…
Meanderings about a zombie economy… that’s what dominated the questioning around Chair Yellen’s first-phase of 2-day testimony; including whether implementing a NIRP (Negative Interest Rate Policy) is questionable based on legalities. That’s not what they should focus on; rather the implications we discussed last night, and only lightly alluded-to by the Committee (Yellen or the Congressmen)…
Amid the oil drop that has plagued the energy industry since the summer of 2014, Exxon Mobil Corporation (NYSE:XOM) has remained the strongest contender. The company has fallen more than 20% since oil prices began to slide, but this pales in comparison to BP and Transocean (RIG), which have fallen more than 40% and 75%, respectively, in…
Twitter Inc. (TWTR – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.07 and revenue of $710 million. Currently, TWTR has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Twitter: 1….
Saxo Bank CIO and chief economist Steen Jakobsen phrased Fed Chair Janet Yellen’s testimony before Congress this way: “The politicians were rude and pretty much clueless … and Yellen often looked like a deer in headlights. Her performance today is probably the worst I have ever seen from seasoned central banker!” After an initial rally…
Have we reached a tradeable bottom in the biotech bear market? Today’s tape showed good volume but gains faded late in session. Nasdaq up 0.35% XLV up 0.88%-healthcare is the leading sector The biotech market bounced back early today in a broad rally then faded with the IBB up 0.625 % stuck in 250-260 range and the XBI up 0.5%. Large…
The front month WTI futures contract traded as low as $27.27 this morning, a few dimes less than the low of January 20. Just three months out, however, the June 2016 contract is trading at $33.17 and up $0.43 on the day (as of this writing). Just two months further to August, that futures price…
When the economy was melting down in 2008, I was doing my part to keep things going. You see, I was one of the “suckers” who were actually paying their mortgages every month. So whoever bought a derivative that included my mortgage – you’re welcome. Apart from the occasional financial collapse, investing in mortgages can…
