If there is one stock that has managed to figure out how to transform itself to adapt to the cloud business, it is Adobe (Nasdaq: ADBE). Since Adobe began transitioning its offerings onto a SaaS model, the stock’s performance has steadily climbed. It has climbed nearly 80% since a year ago, and analysts believe that there…
This morning’s release of the November Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.81 million units. The Investing.com consensus was for 5.54 million. The latest number represents a 5.6% increase from the previous month and a 3.8% increase year-over-year. Here is an excerpt from today’s report from the National Association…
Senior (GDX) and Junior Miners (GDXJ) have had a rough go of it the past year, far underperforming the broad markets. No doubt about it the trend remains lower for each. This decline over the past 14-months has taken GDXJ down to line (1), which has been support/resistance several times over the past two years. GDXJ hit line (1)…
We’re in the midst of a massive, transformational change that will redefine where we are, what we think is true, and where we believe the future is headed. With sensory input from across the political and economic spectrum of the Internet bombarding us 24/7, it’s understandably difficult to follow through on a decision once made,…
The label of “single-payer” health care tends to hide the reality that many choices would still need to be made. For example, a “single payer” plan could involve the government providing a voucher for a standardized health insurance plan, or it could offer choices between insurance plans provided by private firms. It could involve supplementary…
Sell the news… again… Nasdaq is now red on the week again… VIX crashed to 8.90 as cash markets opened… 30Y yields back at the Nov 1st FOMC level… Some are suggesting the extremely rapid long-squeeze in Treasuries is triggering Risk-Parity unwinds…
Alaska Air Group (ALK – Free Report) was spotted by the Zacks Rank for its weak earnings momentum in mid-October, right before an earnings miss on 10/25 that took the stock down 17% in the following two days. Alaska Air Group is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more…
1,500. That’s where the S&P 500 topped out in both 1999 and in 2007 – in both cases right before crashing and giving up 50% of that level. That didn’t stop analysts from calling for higher highs or assuring us that the markets were still a buy – even as they were collapsing. That’s because the…
Argus analyst Jim Kelleher raised his price target price on Twitter (TWTR) to $30 from $25, stating that he believes the shares have further to go despite the stock’s over 25% run-up since his upgrade in November. Twitter is restoring growth while seeking to improve, but not stifle, the user experience and Kelleher thinks…
Top RBC Capital analyst Mark Mahaney has just revealed his top stock picks for 2018. These long cap and small cap internet stocks look set to significantly outperform the market. Indeed large-cap internet stocks are already up 26% (on average) in 2017- with the FANG stocks (FB, AMZN, NFLX, GOOGL) surging 45%. But, as Mahaney says, that’s the…
