The housing market continue to show signs of recovery after a soft first quarter. The latest hint: yesterday’s better-than-expected rise in existing home sales. Purchases advanced at the strongest pace in over eight years, reaching a new post-recession seasonally adjusted high of 5.49 million units in June. The update follows last week’s bullish news that new residential…
McDonald’s Corporation (MCD) is expected to report second-quarter earnings today before markets open. MCD has missed both Estimize and Wall Street consensus for the past 5 consecutive quarters as consumers and investors’ confidence shrinks. Estimize currently has 35 estimates for McDonalds, and is predicting an EPS figure of $1.25 compared to Wall Street’s $1.23 estimate, both…
Keryx Biopharmaceuticals (KERX) shares fell more than -5% in pre-market trading down to $9.06 after Boris Peaker at Cowen & Co. downgraded the company from Outperform to Market Perform. The analyst commented that Auryxia adoption will likely miss expectations. Auryxia is Keryx’s lead product used to treat patients with chronic kidney disease who are on dialysis. The analyst…
The problem with gold has been the Gold Promoters who have made up sophistry to sell their product convincing so many people to lose everything they invest. While the hate mail has started again claiming I am “bashing the gold bugs” as if this were a sport for no reason, it sadly illustrates that some people will…
Finding the best mutual funds is an increasingly difficult task in a world with so many to choose from. How can you pick with so many choices available? Don’t Trust Mutual Fund Labels There are at least 225 different financial sector mutual funds and at least 632 mutual funds across ten sectors. Do investors need…
1 – The markets have only a few announcements during the session on Thursday that could be vital, so really at this point in time we believe that the markets have more of a technical situation going forward. With Unemployment Claims coming out of the United States, pay attention to the S&P 500 and other stock indices might…
Baxalta (BXLT) was created on July 1st 2015 when Baxter (BAX) spun-off its biopharmaceutical division. Baxalta may be new, but it is no start-up company. Baxalta has estimated annual revenues of around $6 billion, and 16,000 employees. Around 50% of Baxalta’s sales come from the United States, with the other 50% from international markets. The company operates in…
TM Editors’ Note: This discusses a penny stock microcap. Such stocks are easily manipulated, do your own careful due diligence. Author’s note: Ucore Rare Metals is a speculative, small cap company with Canadian and U.S. listed stocks that could continue to be volatile. An investment in Ucore Rare Metals is not appropriate for everyone. Readers…
The markets have been relaxed during the European session with major FX pairs and European indices trading in a tight range as markets wait for the outcome of voting within the Greek parlianment over the next set of bailout conditions. Across the Atlantic, USDCAD continues it climb towards an 11 year high and is trading…
All that glitters is not gold these days as the precious metal hit its tenth straight day of losses Wednesday. Gold has had a steady decline over the last few weeks and has fallen to a new 5-year low of $1100 after a round of roller coaster rides that took it as high as $1160…
