Gold prices ended Thursday’s session down $7.87 as investors flocked to the greenback on expectations of tighter monetary policy in the United States. The U.S. Department of Commerce reported that gross domestic product expanded at an annual rate of 2.3% in the second quarter and first-quarter GDP was also revised up to 0.6% from an…
Following last night’s afternoon session plungefest (with ChiNext’s biggest drop in a month), as it appeared the government experimented with ‘free’ markets briefly, regulators have “asked” insurance companies to be “net sellers” of stocks going forward. With margin debt dropping for the 4th day in a row (to fresh 4-month lows), Markit noted that accusations of foreigners…
As we approach the moneth-end closing for July 2015, we have a minor monthly bearish reversal at 1155 followed by the key reversal at 1084. The Bullish stands at 1287 so without a closing above that level, then nothing has changed. Crude oil has a monthly bearish reversals at 5650 and 4667. We fell intraday…
Photo Credit: Dana || They charge more for “Arrest me red” too! This should be a relatively quick note on personal lines insurance. I’m writing this after reading the piece in this month’s Consumer Reports on Auto Insurance. I agree with most of it. For those that are short on time, my basic advice is this: bid…
The Chart of the Day belongs to INC Research (NASDAQ:INCR). I found the medical services stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the stocks. Since the Trend Spotter signaled a buy on 7/29 the stock gained 10.33%. INC Research Holdings, Inc. is…
Investors were treated to the news this month that PayPal Holdings Inc (PYPL) would be spun off from Ebay Inc (EBAY) to create a massive $45 billion stand alone company. The fervor surrounding the successful IPO, alongside a valuation surpassing its parent company, makes for an interesting investment case. While some may choose to own the stock directly, others…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 5 = 17,745 SPX + .06 = 2108 NAS + 17 = 5128 10 YR YLD – .01 = 2.27% OIL – .27 = 48.35 GOLD – 8.40 = 1089.30 SILV – .08 = 14.83 Gross domestic product rose at a 2.3% annual…
UBS has been keen to warn investors about just how perilous the situation in high yield has become – which works out nicely, because we’ve been saying precisely the same thing ever since it became readily apparent that between investors’ hunt for yield and energy producers’ desire to take advantage of low rates and forgiving capital markets…
Based in Redwood City, California, Electronic Arts Inc. (EA – Analyst Report) develops, markets, publishes and distributes game software content and online services for video game consoles, internet-connected consoles, personal computers, mobile phones and tablets worldwide. Thanks to the popularity of EA-created games such as The Sims, Battlefield, FIFA, Madden NFL and Star Wars, the company has become…
The Chinese yuan continues to gain stature in the world financial system. Earlier this week, the London Metal Exchange announced it will begin accepting yuan as collateral for banks and brokers trading on its platform. The LME is the largest metal trading venue in the world. It facilitated some $15 trillion in metal trades last…
