Shares of JPMorgan (JPM) are in focus on Thursday after Chairman and Chief Executive Officer Jamie Dimon released his annual letter to shareholders. In the letter, Dimon said it is “remarkable how well our company has performed” over the last decade and the last year, adding that “Throughout a period of profound political and economic…
Donald Trump has proved the skeptics wrong, it seems that the American people stand to be big winners as a result of his trade war. The Chinese government announced a major initiative to promote the manufacture and use of generic drugs. The reason this is potentially a big deal for the United States is that it could…
Crocs, Inc. (Nasdaq: CROX), a consumer discretionary company with a market capitalization of $1.1 billion, saw its share price increase by 28.6% over the prior three months. As a small-cap stock with decent coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. Is there still an…
Lennar Corporation (LEN) announced its Q1 earnings on Wednesday. Shares of the company went on to gain more than $9, or 5% after it posted a revenue of $2.98 billion, representing an increase of 28%. The results were above the $2.65 billion figure that analysts had been expecting. The company said it made more sales of luxury…
Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that – unlike US measures that mostly targeted obscure industrial products – actually struck at key industries like soybean farmers, automobiles and airplanes, the Communist Party crowd about what it already sees as its “victory”…
China’s proposal spurs risk appetite, will USD/JPY break 107? China’s proposal to match the scale of proposed US tariff actually paved way for further negotiation to fill the gap, instead of ending with an escalation of trade tension; that said, stocks market may be overreacted initially. Any further negotiation may not be limited to trade…
USD/CAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
USD/CAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
Trade data headlines show the trade balance again worsened from last month. Analyst Opinion of Trade Data The data in this series wobbles and the 3 month rolling averages are the best way to look at this series. The 3 month averages are slowing for exports and accelerating for imports. Thus the trade balance worsened….
After posting a sub-220k reading last week, economists were projecting that initial jobless claims would come in at 225k this week. When the actual number was released at 8:30 AM ET today (as it is every Thursday at this time), it was a bit surprising to see a spike up to 242k — 17k higher than…
