After the announcement of positive results from the pivotal late-stage field study of its novel drug, AT-001 by Aratana Therapeutics Inc. (NASDAQ:PETX), its stock rose over 26% to $16.50. The drug is designed to treat osteoarthritis pain in dogs. The study demonstrated that at once-daily dosage, the dogs receiving the drug showed improvement in the…
Well that escalated quickly… The S&P 500 cash index has ripped from 1972.50 to over 2076 in 3 days… And US Treasuries are rallying hard too. The Dow is up from 17067 to 17872… 800 Points But bonds are ripping…
The right income stocks can be game changers for investors, rewarding them with exponential profits every year. In this article Tim Plaehn recommends three stocks that have histories of regular payment increases which gives investors expanding incomes. These stocks are the kind you can buy and hold forever. A great time to buy into or…
The sharp drop in oil prices in the past few weeks confirms the oil price forecast that I published back in May 2013, when West Texas crude sold for $94.50: “Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox,…
“Twas the week before Christmas, when all through markets Not a trader was stirring, because they already left for the Hamptons. Which left the “inmates running the asylum” with very little care As everyone hoped a ‘Santa Claus Rally’ would soon be there.” Yes, it is that magical week leading up to Christmas and the…
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Senator Elizabeth Warren charged Citigroup last week with…
Of the three regional manufacturing surveys released to date for December, two show manufacturing softer this month – and this Kansas City Fed Survey which improved. The market was expecting a range between -6 to 9 (consensus 8) versus the actual at 8. TENTH DISTRICT MANUFACTURING ACTIVITY EXPANDED AT A MODERATE PACE The Federal…
Signing of Dodd-Frank – Now Virtually Repealed/Gutted The NY money center Banks won again in Washington, the second time in a single month. They succeeded in repealing Dodd-Frank and have now succeeded in repealing the Volcker Rule, which it is officially put on “delay” that will be permanent. The Federal Reserve has repealed the Volcker…
In line with a regulatory filing, five of eBay Inc.‘s (EBAY – Analyst Report) top executives will step down following the spinoff of its payment-processing unit PayPal next year. The departure of the employees will cost the company more than $35 million. Golden Parachute Golden Parachute implies a hefty payment or financial recompense guaranteed to an employee if…
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 131.1, down from the previous week’s 132.3, its lowest level in a year. The WLI annualized growth indicator (WLIg) is at -3.1, down from -2.4 the previous week. This is its lowest level since June 2012. ECRI has been at the center of…
