Exelixis (EXEL – Free Report) is a $6 billion biotechnology company focused on cancer R&D and the producer of cabozantinib (sold under the brand names Cabometyx and Cometriq), a treatment approved by the FDA for several indications: medullary thyroid cancer, a second line treatment for renal cell carcinoma (RCC), and clinical activity in several other types of metastatic…
JPMorgan analyst Philip Cusick upgraded Verizon Communications to Overweight from Neutral with an unchanged price target of $58. The shares closed yesterday up 81c to $47.20. After meeting with CEO Lowell McAdam, Cusick says he has a better understanding that Verizon’s “organic approach to wireless has the company on an increasingly stable footing.” Further,…
Everyone seems to be preoccupied with rising inflation nowadays. While I agree that inflation will rise over the next 1-3 years, I don’t think it will even reach high-single digit levels. A return to the 1970s’ double-digit inflation is extremely unlikely. In this post we’re going to look at: Why inflation won’t rise a lot…
What a week it has been! The S&P 500 has blasted off our 20% line (that’s 20% above fair value, by the way) to the 23.33% line at 2,728 and that’s what we call a strong bounce from the fall we endured way back in late Jan/early Feb and doesn’t actually mean a thing until…
Year-over-year import price inflation was unchanged, whilst export price inflation advanced. Analyst Opinion of the Import / Export Price Situation Because of backward revisions – the year-over-year import prices were down from where we thought we were last month, whilst the export prices did advance. Import Oil prices were down 1.3 % month-over-month, and export…
Having bounced off record lows earlier in the week, the Turkish Lira is re-tumbling following President Erdogan’s comments that interest rates are “the mother and father of all evil” and that Turkey must “target double-digit economic growth.” Erdogan added a few more colorful comments sure to send shivers down the spine of any fiscal conservative (or…
BTC eyeing first support level following the last month rebound. pricechart: INVESTING.com
Oil prices are hovering just below a three year high as many are still shocked that oil prices are again trading this high. Oil Prices started out strong on Iranian, Israeli war tensions but pulled back after data from Genscape put crude storage at Cushing, Oklahoma at 39.56 million barrels as of Tuesday, up 479,644 barrels from Friday….
<< Listen Part I: Weakening Dollar Buy Gold? (Video length 00:14:20)
News reports covering yesterday’s April report on consumer inflation emphasize that the monthly increase fell short of the consensus forecast. The cooler-than-expected gain is cited by some analysts as a factor that will allow the Federal Reserve to slow its plans for raising interest rates. Perhaps, but reviewing the annual pace of inflation and the…
