Currently there are a number of weak spots in the global financial edifice, in addition to the perennial problem children Argentina and Venezuela (we will take a closer look at these two next week in a separate post). There is on the one hand Greece, where an election victory of Syria seems highly likely. We…
The Chart of the Day belongs to Tree.Com (NASDAQ:TREE). I found the stock by sorting the All Time High list by new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/23 the stock gained 6.95%. TREE is the parent of…
by Worth Wray, Thoughts from the Frontline Twenty years after the first divergence-induced currency crisis of the 1990s, commodity prices are tumbling, the US dollar is rallying, and externally fragile emerging markets are reliving the horrors of their not-so-distant past. Except, this time, major economies like the United States, the United Kingdom, the Eurozone, Japan,…
Since regulators are so busy focused on the interest rate, FX, credit derivative, and commodity market manipulations and rigging, we suspect they missed the oh so visible hand of “spoofing” that is occurring today in Crude Oil. As Nanex so brilliantly exposes (once again), large orders ‘spoof’ the depth of the market before disappearing entirely…
Author Update Thu, Jan. 29, 2:41 PM On Monday January 26, 2015, COV was successfully acquired by MDT at a premium to the price available when the article was published. Earlier today, APAGF was successfully acquired for $14.50 per share. The average spread was $0.49, it traded as wide as $1.47, and there was still a $0.35…
The possible reversal of the persisting low interest rate environment and modest strengthening of the key economic indicators — employment, real estate, GDP and stock market — should help insurers witness accelerated recovery in 2015. Moreover, an already strong liquidity profile, conservative product design and evolving coverage opportunity should lead the industry to an upside….
Not long ago, I told readers about all the oil floating at sea, stored on oil tankers just waiting for higher prices or a buyer. Well, now some of that of oil is on the move… to China. The beneficiaries of this development are many of the same shipping companies I mentioned before, particularly any company…
Shares of Conatus Pharmaceuticals (CNAT) tumbled as much as 40% Friday, closing the day at $6.19 per share. The company reported top line data on a phase 2 trial testing the drug Emricasan in patients with acute chronic liver failure — ACLF — and organ impairment. The drug showed an excellent reduction of key biomarkers…
Over the last five trading sessions, Video Game stocks mostly witnessed a mixed trend. While NetEase, Inc. (NTES – Snapshot Report) and Electronic Arts (EA – Analyst Report) gained momentum, Glu Mobile, Inc. (GLUU – Snapshot Report) and Zynga, Inc. (ZNGA – Snapshot Report) tumbled. Some of the major stories that grabbed headlines over the past week were the launch of Call of Duty:…
Ding! Ding! Ding! Signs of a major market top keep piling on. Pimco provides the latest bell-ringer with launch of 7 new equity strategies. Please consider Pimco Plans a Push Into Stocks. Long known as a bond powerhouse, Pacific Investment Management Co. is once again attempting an expansion into stock mutual funds. The Newport Beach, Calif.-based…
