USD/CAD continues to give back the advance from the previous month as fresh data prints coming out of the U.S. economy highlight a limited risk for above-target inflation, with the pair at risk for a further decline as Canada’s Employment report is anticipated to show a 20.0K expansion in April. In contrast, the New Zealand dollar remains…
It can’t happen here! What is happening in Venezuela and Argentina cannot occur in Western economies. That’s at least what markets believe with stocks and most bubble assets remaining in cloud cuckoo land. Rates in Argentina have just gone to 40% to protect the currency. Anyone who believes that rates in the US will remain at…
I hope the AMD/Nvidia crypto bears took heed the last time we published about TSMC’s crypto strength. Bears thought crypto’s over. The stocks are much higher since. TSMC, today again came out hinting to crypto strength. That’s right, strength. TSMC Crypto Strong Again While the bears think mining is over, it’s not. AMD had amazing results and TSMC just…
It looks like the cybersecurity sector has taken off like a rocket once again. There could be another 25% to 50% in it this year. The near destruction of Sony (SNE) by North Korean hackers has certainly put the fear of God into corporate America. Apparently, they have no sense of humor whatsoever north of…
For most Americans, the geopolitical/financial crises of the 1970s happened so long ago that they’re about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are becoming both eerie and scary. Consider: In the early 1970s, the Middle East…
Briggs & Stratton (BGG – Free Report) is a Zacks Rank #5 (Strong Sell) despite having posted a beat at its most recent earnings event. Let’s take a look at why this stock can have a solid Value Style Score of A as well as a strong Growth Score of B and still be The Bear Of The…
RUSTON, La., May 10, 2018 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (“Origin”), the financial holding company for Origin Bank, today announced the closing of its initial public offering of its common stock at a public offering price of $34.00 per share. Origin’s common stock began trading on the Nasdaq Global Select Market under the trading…
Stocks Rally Based On The End Of The Iran Deal? The S&P 500 was up 0.97% on Wednesday. It’s interesting because the headlines claimed the market rallied because Trump exited the Iran deal. That’s a weird reason for the market to rally as it means more geopolitical uncertainty. I’m not necessarily willing to sell stocks because…
The Bank of England dovish outlook is sending Sterling to a 4-month low. The US dollar remains the king currency as investors shrug-off softer US core inflation reading in April. The GBP/USD is trading at about 1.3470 down 0.56% on Thursday after the Bank of England kept the Bank rate unchanged in line with expectations, but sounded…
Top tickers for midday: BAC, AAPL, HMNY, JCP, FB, JPM.
