Billionaire investor and Berkshire Hathaway’s Chairman and CEO Warren Buffett reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May 5. Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that BitcBit (BTC.X, BITCOMP) is “probably rat poison squared,” according to CNBC. In response to a question on Buffet’s view of cryptocurrencies…
Today’s chart 2-pack takes a broad look at Gold and U.S. Equities. Both assets appear destined for a resolution soon. Could they be headed in opposite directions? Perhaps so… if these technical patterns play out according to the script. In the 2-pack below, we have a “monthly” bar chart for Gold and a “weekly” bar chart for the S&P 500…
In congressional testimony last month, Facebook (FB) CEO Mark Zuckerberg said he would support regulation of his own company. Sens. Amy Klobuchar, D-Minn., and John Kennedy, R-La., have now taken him up on the offer, introducing a bill, S. 2728, to impose broad new restrictions on how Facebook and other social media companies can collect…
Something weird happened in the last couple of decades. The number of companies undertaking an IPO (Initial Public Offering – the process of raising capital and listing on the stock exchange) in America went from boom to bumble. Not exactly, bust, but far from the hectic pace of activity in the 1980’s and 1990’s. There’s…
So far I’ve shown you 2 simple trading models that use 1 indicator per model: a Golden/Death Cross model and an Initial Claims model. Here’s the beauty. When you combine 2 simple ideas and models together, you make it even better. Remember, I said traders who combine fundamentals with technicals perform the best. Here’s the…
by [email protected] Earlier this year, India’s largest e-grocer, BigBasket, received $300 million in funding led by China’s e-commerce giant, Alibaba. This is the biggest investment raised by the company since it started operations in 2011 and values it at around $950 million. BigBasket cofounder and CEO Hari Menon says the money will be used for…
Once a week I like to step back and look at the big picture. Stock prices ran up too high through the end of January, and now stocks are struggling to maintain high valuations while oil prices and interest rates tick higher. Technology stock prices don’t like higher oil and higher rates, and we can…
Spectrum Pharmaceuticals, Inc. (SPPI – Free Report) incurred a loss of 16 cents per share in the first quarter of 2018, narrower than the Zacks Consensus Estimate of a loss of 24 cents and the year-ago quarter loss of 30 cents per share. However, adjusted loss came in at 15 cents, wider-than the year ago…
Traders, analysts and strategists have been stumped by a market paradox in recent weeks: despite earnings that have been off the charts, rising 24% Y/Y (the most since 2010, if largely thanks to Trump’s tax reform), the S&P is still down for the year, after experiencing two brief 10% corrections just the past four months…
The US Dollar enjoyed another week of significant gains, at times defying news that could have turned it around. Can it continue rising or will it correct to the downside? The inflation report stands in a week that also features two rate decisions. Here are the highlights for the upcoming week. The US Non-Farm Payrolls…
