Another occasional winner, folks! And this one is a doozy. In my video to everyone from Sunday, Santa Claws Part 3, one of my short ideas was IMGN (by chance, it happens to be the thumbnail image of the video). It lost half its value this morning, even though, as the geniuses at CNBC might say, it is “off the…
Written by Gary Markets have maintained a bullish stance since this mornings opening, trading sideways on falling volume indicating a consolidation phase. By noon there appears to be some weakness and a trending down which could be nothing more than session ‘softness’. Indicators are still pointing that market direction can go either way at this point…
CarMax Inc. (KMX – Analyst Report) posted earnings per share of 60 cents in the third quarter of fiscal 2015, ended Nov 30, 2014, highlighting an increase of 27.7% from 47 cents a year ago. Earnings also surpassed the Zacks Consensus Estimate of 54 cents. The company recorded better results in the reported quarter due to strong performance…
Navigating the biotech sector can be a complicated task many investors don’t want to attempt. But, Bret Jensen knows his way around this market, leading him to gargantuan profits from his winners. Right now he sees these 2 companies as having the right goods to be winners in the market’s hottest sector. I have been…
With 4 seconds to the close of yesterday’s epic trading session, someone executed over $200 million and 1,147 trades in SPY – the S&P 500 ETF – in one-second, lifting the price to a S&P level of 2,130. This massive-loss-making “fat-finger” – resulting in millions of losses – would normally be followed by “probes” from the…
Dear Diary, Janet Yellen made headlines yesterday. She promised the Fed would be “patient” in raising interest rates. Investors must not have known what she meant. With the Dow tearing more than 421 points – or 2.4% – higher, half of investors must have thought she meant higher rates later than expected. The other half…
Shares of the athletic apparel, footwear and accessories retailer, Nike, Inc. (NKE- Analyst Report), slipped 2.9% in yesterday’s after-hours trading session after the company posted second-quarter fiscal 2015 results. Various analysts blamed soft future orders for the fall in share price. Nike’s global future orders, slated for delivery from Dec 2014 through Apr 2015, grew 7% year over…
Source Analysts seem to be falling over themselves to explain the causes and consequences of the low oil price which is still trading below $60 per barrel as of today. As we are predominantly focusing on the precious metals sector, we are obviously very interested to see what the effect of a lower oil price…
Note from dshort: I’ve updated my periodic look at the Philly Fed ADS Index through yesterday’s release, which included the latest Initial Jobless Claims (for the week ending December 13th). The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the…
The fickleness of financial markets is truly amazing at times. Back in May, I suggested that investors were downright sanguine. I even cautioned that the markets may be too calm. But today, things are distinctly different… The price of crude oil has crashed. The Russian ruble is experiencing a proper currency crisis. Emerging markets are getting routed….
