Few consumer trends of the past decade have been as pronounced as the shift away from the broadcast, “live” model of programming to the video-on-demand (VOD), or streaming, model. Since launching its streaming service just 10 years ago, Netflix (NFLXNetflix ( now boasts almost 120 million subscribers worldwide, streaming one billion hours of content every week! Amazon’s…
Stocks staged a broad rally ahead of the three-day Easter weekend as technology shares rebounded, but the blue-chip Dow index still suffered its first quarterly loss in more than two years. The Dow closed the quarter 2.3% lower and the S&P 500 slid 2.7% in the period, while the Nasdaq came in with a 2.3% gain…
Industrial metals are considered to be the building blocks of an economy. Despite concerns of a looming global trade war — due to the recent imposition of tariffs — adding an element of uncertainty to the outlook lately, there are plenty of reasons to be optimistic about the industrial metals industry over the long term….
The Atlanta Fed GDPNow forecast came out yesterday, the New York Fed Nowcast today. The GDPNow Forecast and the FRNBNY Nowcast GDP forecasts for the first quarter took a leap towards convergence with the former rising and the latter falling this week. Nowcast Latest Forecast: 2.7 Percent – March 30, 2018 The New York Fed Staff Nowcast stands…
For only the 4th time this year, 13 weeks, the market has managed to stay inside the weekly expected move. We don’t think this means volatility is over. Video Length: 00:23:08
Each candle on the following charts of the Dow 30, S&P 500, Nasdaq 100 and Russell 2000 Indices represents a period of one quarter of one year. Buyers tested the waters above the highs of 2017, but were not able to hold those gains as they received little to no support to advance any further, and even gave up most of them, by the…
After raising an astounding $850 million in a presale for its token, Telegram, a popular encrypted messaging app that was created by the same people behind VKontakt – better known as the Russian Facebook – has raised $1.7 billion, making it the largest ICO on record. It managed to raise this staggering sum through a public token sale…
Chevron Corporation (NYSE: CVX) trades at a P/E multiple of 23.5x, which is higher than the Energy sector median of 15.6x. While this makes CVX appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the P/E ratio. In this…
It has been a rough start for large cap biopharmaceutical stocks but the ETFs (FBT) and (XBI) still outperformed the SPY YTD and over 12 months. Most Individual stocks lagged unless you owned Abbvie (ABBV) or Vertex Pharmaceuticals (VRTX). Here are some key takeaways: Buy the worst performers on technicals and valuations? BIIB CELG REGN. Look at…
