For all the rhetoric in recent weeks, the sudden turmoil in emerging markets really boils down to one simple thing: a strong dollar; or put more specifically, the stronger the dollar and the faster its appreciation, the greater the EM turmoil. This is shown simplistically on the following chat mapping the inverse correlation between the strong dollar and the Emerging…
Optical networking equipment companies like Applied Optoelectronics (AAOI – Free Report) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38…
Craig Hemke and I chatted yesterday on the back of the USD pullback and slightly weaker than expected inflation numbers out of the US. These are two main drivers of the PM prices where the trends especially if we can project longer term can really take hold. (Audio length 00:10:44)
Price impacts of tariffs and the dollar are not seen in import prices the past 2 months. Year-over-Year is another story. The BLS Import and Export Price Report shows more movement in export prices than import prices for the second month. All Imports: Import prices advanced 0.3 percent in April resuming the recent upward trend after declining…
The USD/CAD dropped to the lower ground, pushed by US Dollar weakness rather than C$ strength. The double-feature Friday with Canadian inflation and retail sales stands out. The technical picture is evenly balanced, and the pair is looking for new clues for its next move. A US-Canadian ugly contest, Iranian oil and still no NAFTA…
Japan reported a larger than expected March current account surplus. It typically rises in March even though the seasonal pattern is not quite as strong as it is in February. For the last 20 years, Japan’s current account surplus in February is always larger than the January surplus, which has, without fail, been smaller than…
Shares of Norton Antivirus maker, Symantec Corporation took a dip of more than 20% in the evening trading session on Thursday. The drop followed an announcement that Symantec’s audit committee was carrying out an internal probe in connection with undescribed concerns that were brought forward by an employee who previously worked for the company. The…
Another 500+ companies reported earnings this week, bringing the total number of companies that have reported this earnings season up to 2,000+. The “unofficial” end to earnings season comes next week when Wal Mart (WMT) reports on Thursday. With less than a week to go, the summary results for this earnings season aren’t likely to…
Even though cryptocurrency values have thus far been difficult to predict, there are a few key components of determining a project’s success. One of the biggest factors is technology. While investors don’t necessarily have to know about the technical details of a project, it’s still important to see some progress in this area. Testnets are able to…
Cloud computing software vendor Twilio (NYSE: TWLO) recently reported its first quarter financial results that shattered all expectations. The market is very pleased with Twilio, with some categorizing it as a “star in digitization”. Photo Credit: Web Summit/Flickr.com Twilio’s Financials For the quarter, Twilio’s revenues grew 48% to $129.1 million, ahead of the market’s forecast of…
