Headquartered in Irvine, CA, Western Digital Corporation (WDC – Free Report) is a leading provider of storage technologies and solutions. They are one of the largest hard disk drive (HDD) producers in the US. They design, develop, manufacture and market a broad range of HDDs, which are used in numerous consumer electronic devices. With the acquisition of SanDisk, the…
EUR/JPY pair looks to consolidate further though seen strengthening on Thursday. On the downside, support comes in at the 132.50 level where a break if seen will aim at the 132.00 level. A cut through here will turn focus to the 131.50 level and possibly lower towards the 131.00 level. On the upside, resistance resides…
We are quickly approaching the deadline for filing (and paying) our federal and state income taxes (extended to Tuesday, April 17 this year because April 15 falls on a Sunday and Monday is Emancipation Day), and that means it’s time for my annual post at tax time to help put things in perspective. 1. Some…
Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance. One thing that has been missing is Silver strength… but yesterday’s big move by Silver may be the lift that precious metals need. During bull markets for precious metals, silver tends to lead. Similar to small caps, it adds…
In a very forthright press conference, Stephen Poloz, the Governor of the Bank of Canada, explained why rates must remain low, despite the evidence of an improved economic situation. Simply put, although the Bank has succeeded in getting the economy near full capacity utilization and inflation near the 2 per cent target, “the economy is…
Headquartered in Kenosha, WI, Snap-on Incorporated (SNA – Free Report) is a global provider of tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users. The company divides its operations in four segments: Snap-on Tools Group, Commercial & Industrial Group, Repair Systems & Information Group and Financial Services segment. Snap-on’s overarching business…
Over the last few quarters, IBM (Nasdaq: IBM) has been trying to recover from its streak of over five years of revenue declines. It managed to turn the growth around at the end of last year, but there is still a lot more work left to do. It recently reported its first quarter results for the…
The main U.S. stock market indexes were mixed between -0.2% and +0.2% on Wednesday, as investors took short-term profits off the table following recent rally. The S&P 500 index remains above the level of 2,700 and it currently trades 5.7% below its January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.2% and the…
Video Length: 00:07:01 The US Dollar (via the DXY Index) is carving out an inside day thus far, with today’s high-low range coming within the high-low range established on Wednesday. Gains in USD/JPY have been offset by a rebound in GBP/USD, and with EUR/USD – the largest component of the DXY – trading flat thus far,…
Good morning, everyone. I got up extremely late (6:20 a.m.; I have no ideas why my dogs let me sleep in) so this is going to be super quick. I can just say this: it is such an absolute delight to wake up to this: instead of THIS goddamned thing: I can’t even remember the…
