Winter is blasting the Northeast in April. Three snowstorms back to back to hit the Northeast, it appears winter is lasting longer than usual for this part of the country. Natural gas futures have spiked, HO Futures haven`t moved much yet. Video length: 00:02:33
Crude oil prices fell again below $40 per barrel following comments by Saudi Arabia’s officials that it would only limit production if other leading oil manufacturers would agree to do the same. Even though the statement by the deputy crown prince Mohammed bin Salman referred to the entire group of the world’s largest oil producers,…
The DAX 30 (FXCM: GER30) is up by 0.28 % at the time of writing. Telecommunications and Information Technology Sectors are the biggest losers, down by 0.39% and 0.15% respectively (delayed), whilst those gaining are the Utilities and Health Care sectors, both up by 1.29% and 0.89% respectively. The ECB low of 9397, carved out…
While last week’s Chicago’s PMI staged a strong bounce from its recent contraction and back into expansion, New York did not. ISM New York just printed at 50.4, just barely above the contraction point, and the lowest headline print since mid 2015. The extremely noisy time series continues to swing, this time lower, with every…
Roche/Genentech Has a Strong Pipeline in Diagnostics and Therapeutics to Drive Moderate Growth in 2016 New Stock Pick: Roche Holding (RHHBY) $30.36 Over the past 3 months we recommended several new buys for the Rayno Biopharma Portfolio emphasizing moderate growth, relative safety and dividend plays. Three large cap biopharma stocks were previous picks: Abbvie (ABBV),…
Hot stocks of the day: GDX, RIO, GFI, USO Video length: 00:05:22
Stocks are once again rallying after another “mini crash” at the start of the year. We’ve had three of these things since October 2014 without much to show for it. As Adam warned Boom & Bust readers earlier this week, stocks have basically gone nowhere for a year and a half. After the first crash in late…
Today’s Economic events Japan Monetary Base y/y 28.50% vs. 28.70% Australia MI inflation gauge m/m 0.0% vs. -0.20% previously Australia building approvals m/m 3.10% vs. 2.10% Australia retail sales m/m 0.0% vs. 0.40% ANZ Job Advertisements m/m 0.20% vs. -1.20% previously Eurozone Sentix investor confidence 5.7 vs. 6.9 Eurozone unemployment rate 10.30% vs. 10.30% UK…
Today’s Economic events Japan Monetary Base y/y 28.50% vs. 28.70% Australia MI inflation gauge m/m 0.0% vs. -0.20% previously Australia building approvals m/m 3.10% vs. 2.10% Australia retail sales m/m 0.0% vs. 0.40% ANZ Job Advertisements m/m 0.20% vs. -1.20% previously Eurozone Sentix investor confidence 5.7 vs. 6.9 Eurozone unemployment rate 10.30% vs. 10.30% UK…
After reporting FQ4 earnings Friday BlackBerry BBRY is slumping. The company achieved GAAP revenue of $464 million and a per share loss of $0.45. Revenue was down 30% Y/Y and off 15% sequentially; revenue was over $97 million lower than analysts expected. In FQ3 BlackBerry reported a sequential increase in revenue; I expected the company…
