Micron Technology, Inc. (MU – Free Report) just released its first-quarter fiscal 2018 financial results, posting non-GAAP earnings of $2.45 per share and revenues of $6.8 billion. Currently, MU is a Zacks Rank #2 (Buy) and is up 3.77% to $45.64 per share in after-hours trading shortly after its earnings report was released. Micron: Beat earnings estimates. The…
Recent low of $1,238.30 in gold marks critical support, with expectations for higher prices. Both daily and weekly geometric chart analysis supports a bullish view. First major target is around $1,358.50. This possibility has long-term bullish implications from monthly geometric analysis, where the market is at a critical decision point. Gold (XAU/USD) made a potentially…
Video length: 00:10:53 Has this been buy the rumor, sell the news trading? As the House passed the tax bill today and all indications point to the Senate passing the bill also and being signed by President Trump stocks sell off slightly. In tonight’s video let’s analyze how the stock and bond market is reacting…
FedEx Corp. (FDX – Free Report) just released its second quarter fiscal 2018 financial results, posting adjusted earnings of $3.18 per share and revenues of $16.3 billion. FDX is currently a #3 (Hold) on the Zacks Rank and is up 2.2% to $247 per share in after-hours trading. FedEx: Beat earnings estimates. The delivery giant reported adjusted…
‘Tis the season for shopping. For many of us, that means buying things online – and if you are like most internet denizens, you’ll be picking up at least one item this holiday season through the the world’s largest e-commerce giant, Amazon. The company’s sales numbers are growing at a staggering pace. Last year, Amazon…
PORTLAND, Maine, Dec. 19, 2017 (GLOBE NEWSWIRE) — ImmuCell Corporation (“ImmuCell” or the “Company”) (Nasdaq:ICCC), a growing animal health company that develops, manufactures and markets scientifically-proven and practical products that improve the health and productivity of dairy and beef cattle, today announced an underwritten public offering of 417,807 shares of common stock at a price…
Well, that curve steepening everyone has been waiting for came calling on Tuesday courtesy of futures-led selling, on high volumes. Other than that, chalk it up to folks unwinding flatteners into year-end. “Treasury Sell-Off Is Relentless, Backed by Heavy Futures Volumes,” a Bloomberg headline reads. 30Y yields hit 2.828%, breaking above their 50- and 100-DMA’s: This…
US treasuries are seeing action we have not seen for a while: Strong sharp steepening of the yield curve. The yield curve is said to steepen when the spreads between short-term and long-term rates increases. The yield curve flattens when spreads shrink. A bearish steepener occurs when rates are rising and long-term yields are rising…
Sometimes better not to play at all… Video length: 00:04:05 Bonds & Stocks both slammed lower today – the worst combined day since 11/9/16… Trannies ended the day higher but the rest of the major US equity indices “sold the news”…Small Caps worst… Futures show the excitement better over the last two days (not the…
This is likely to be a quiet trading week with an upwards drift. It was 60 degrees here, and I was out cleaning up the yard, wearing shorts. lol The artificially low volatility in the stock and bond markets is a symptom of the broad mispricing of risks. Partly this is because the Fed is…
