The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware. Thus it is comparable to the better-known Chicago Fed’s National Activity Index…
Last Monday we published a post noting that the S&P 500’s 50-day average daily change had ticked up to +/-0.92%. Given that every day so far in April has seen a 1%+ move and that nine of the last ten trading days have seen 1%+ moves, it’s no surprise that the reading has ticked up over 1%…
Amazon.com, Inc. (Nasdaq: AMZN) stock shifted higher out of the gate today as a broader rally boosted favorites in the tech sector, lifting the tech-heavy Nasdaq Composite in the process. Analysts continued their crusade to calm investors on Amazon stock, even as the battle pitting President Trump versus Amazon continued with yet another tweet. Another tweet in…
AUDUSD broke above 0.7710 resistance, suggesting that lengthier consolidation for the downtrend from 0.7916 is underway. Further rally is possible and the target would be at 0.7760 area. Support is at 0.7642, only a breakdown below this level could trigger another fall towards 0.7600.
Top tickers for midday: AAPL, BAC, WFT, FB, ETP, NOK, TSLA.
Monsanto Company (MON – Free Report) has carved a name for itself in the global agricultural chemicals’ industry. The company tries to enhance the yield and quality of several commercial and non-commercial agricultural crops such as cotton, soybean and corn. Currently, MON has a Zacks Rank 3 (Hold), but that could definitely change after the release of its…
It seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented economic crisis Venezuela is immersed in since 2012. The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as the official…
If you’re a Ripple investor and you’ve been distressed over XRP’s inability to hit a major fiat exchange, don’t worry. Garlinghouse and his team have been trying. However, that may be little consolation, considering all their attempts have been in vein. Ripple is currently the third largest crypto-asset on the market, with XRP’s price tag of $0.50…
Indexing your investments is a good way to increase your chances of doing better than average. Most active investors trying to pick winning stocks (and avoid losing ones) don’t beat the index. Those who do are hard to identify ahead of time. Once you think you’ve identified a market-beating manager, they often allow their fund…
Almost all stocks followed the market lower when it went under pressure in late January. But as often happens in corrections, leading stocks tend to firm up before the rest of the market and start making higher highs. When I survey the market I see a lot of stocks acting pretty strong and that’s a…
