The best large cap sectors are utilities, industrials, and consumer. The highest scoring large cap industry is insurance brokers. The average large cap score is 65.84 and that’s above the four week moving average score of 62.62. The average large cap stock in our 1,500 stock universe is trading -20.49% below its 52 week high,…
Lennar Corporation (LEN – Analyst Report) is one of the leading homebuilders in the U.S. With overall housing market recovering at a slow but steady pace, Lennar’s order trends have been improving at a consistent pace. Lennar is performing well on the back of its diverse revenue mix, large land supply, above average order growth and better pricing…
Top Pick of the Day: ALDR Alder Biopharmaceuticals (ALDR) shares surged almost 50% on Monday after the company announced positive top-line results from a Phase 2b clinical trial evaluating its ALD403 for the treatment of prevention of migraines. Despite Monday’s huge rally, ALDR is still down more than 24% for the year. In fact, the stock…
The Dubai Financial Market General Index (DFMGI) is currently trading at 3,266.31 as at March 28, 2016. The index shed 0.39% for a loss of 12.85 points on the day. Looking back, the DFMGI has a 52-week low of 2,590.72 and a level of 4,253.28 on the high end. The performance over time has been positive (given…
OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM16 -0.23%) this morning are trading slightly lower by -3.25 points (-0.16%) on Tuesday’s -1.28% sell-off in China’s stock market and on a renewed sell-off in crude oil prices this morning. May WTI crude oil futures are down -0.61 (-1.55%) this morning on expectations for a 3.0 million bbl build in Wednesday’s weekly API report….
If the bear-market label doesn’t apply to the US stock market, the evidence will be forthcoming in weeks ahead. But that’s a high bar at the moment. The rally in recent weeks has recovered most of the year-to-date losses, but a bigger test awaits: regaining the strategic momentum that’s been MIA since last summer. The…
UBS analyst Colin Langan points out that since reaching a two-year low in February, shares of Tesla (TSLA) have risen almost 60% following the carmaker’s Q4 earnings report. Since Tesla trimmed its 2016 delivery guidance, the share rally is likely due to the company’s Asset Based Lending draw down, Langan told investors last night in…
Since 2001, when Greece adopted the Euro as its currency, seven countries have joined the Eurozone. Slovenia began using the Euro in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014, and Lithuania in 2015. These countries are small. Together, they are home to around 14.5 million people, just…
The U.S. dollar has become the world’s largest fiat currency experiment ever. Not only is it the world’s reserve currency, but numerous other nations have either adopted it as their own, used it to peg their own currency, or widely accept it to settle transactions. Interest rates, precious metals, agricultural products, and energy are all…
With Europe back from Easter break, we are seeing a modest continuation of the dollar strength witnessed every day last week, which in turn is pressuring oil and the commodity complex, and leading to some selling in US equity futures (down 0.2% to 2024) ahead of today’s main event which is Janet Yellen’s speech as…
