Oil prices have the potential to react strongly to supply disruptions because U.S. oil supply is below the five-year average. Crude prices surged to five-year highs after President Trump vowed to retaliate against Syria for a Chemical Weapons attack and taunted Russia about their threat to shoot down U.S. missiles if they were used against…
A group of Twitter shareholders is urging the company for an update on how it is fighting fake news, abuse, and to specify the regulatory risk it faces. Twitter’s board responded that the company is “taking action.” The New York State Retirement Fund and Arjuna Capital have filed a shareholder proposal that would encourage Twitter…
Delta Air Lines, Inc. (DAL – Free Report) reported first-quarter 2018 earnings per share (excluding 3 cents from non-recurring items) of 74 cents, beating the Zacks Consensus Estimate of 73 cents. Earnings, however, decreased 3.9% on a year-over-year basis. How Was the Estimate Revision Trend? Investors should note that the earnings estimate revisions for Delta depicted a…
When millions, or even billions, of dollars are up for grabs, some individuals are willing to play dirty to get their hands on them. Below, World Finance examines five of the biggest financial scandals ever to take place. Charles Ponzi In 1919, Charles Ponzi, an Italian immigrant living in Boston, came up with a scheme…
Picture Source Facebook (FB Stock): Buy Rating I wanted to review my thoughts following Mark Zuckerberg’s testimony to Congress. Many of these thoughts we brought up in chat to subscribers but I wanted to get my thoughts out more officially and to anybody not on chat. Bullish Testimony I came away bullish from the testimony…
Having broken the lower limit of its currency peg band overnight, The Hong Kong Monetary Authority bought the local currency overnight for the first time since the current peg was imposed in 2005. However, the HK$816mm bought failed to move the needle… An initial bounce has entirely faded and HKD is once again testing its lower band limits… …
The US Dollar Index was higher at 89.751 .DXY, but still remains close to a 2-week trough as investors’ cautious nature prevails. Traders are worried about Donald Trump following through on his tweets yesterday which suggested military action for the recent gassing of citizens in Syria. Those geopolitical concerns did help to shift the concerns…
Doc Copper has spent the majority of the past 7-years inside of falling channel (1). It has done very well the past 3-years, as it has rallied over 70% since hitting channel support in 2015. The 3-year trend is up and nothing of late has changed the intermediate trend. This strong rally now has…
The US Dollar (via the DXY Index) is trading slightly higher this morning, building on its gains from late in the day yesterday, as market participants have seen an unwind of the conditions that initially dropped it lower this week. Following a hot March CPI report, the March FOMC minutes indicated that policymakers were leaving open the…
The consumer cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing another residential construction firm in the U.K.. It’s a large-cap stock with market capital over $10 billion. Its name…
