Baidu, Inc. (ADR): Earnings Fall Below Expectations, Analysts Rem

Baidu, Inc. (ADR) (NASDAQ:BIDU), a Chinese-language Internet search engine, released its second quarter fiscal 2015 earnings on July 27, performing below analyst consensus expectations. Following the release of their Q2 earnings, Baidu stock fell 12% in value in pre-market trading. While the Street expected the company to post $1.87 earnings per share, Baidu fell short and…

Teva Agrees To Acquire Allergan Generics

Teva Pharmaceutical Industries made big news in the market Monday after announcing that they have come to an agreement to purchase the generic arm of Allergan. Today, we’ll discuss the details of the agreement, what Teva gains from the acquisition, and of course, what we can expect to see moving forward. So, let’s get right to…

The Top 4 Best Analyst Coverage On Teva Pharmaceutical Industries

Teva Pharmaceutical Industries Ltd. (TEVA) is slated to announce second quarter 2015 earnings results on Thursday, July 30, before market open. The company released preliminary Q2 results on July 27, estimating $4.97 billion in revenue and non-GAAP earnings of $1.43 per share. The preliminary earnings raised the company’s full-year 2015 EPS guidance to be in…

Nasdq New High Fakeout – QQQ

The breakout into new high ground on the Nasdaq was clearly a fake out or a Bull Trap. I know many traders that bought into this and spoke about a Super Bull Cycle. Maybe they will be right. However, my game plan is defense. With China down 8% in one day, volatility like that can…

EUR/USD Forex Signal For July 28, 2015

EUR/USD Signal Update Yesterday’s signals provided a mildly profitable winning long trade when the price returned to 1.1050 and bounced bullishly, although the move up ran out of steam after about 70 pips. Today’s EUR/USD Signals Risk 0.75% Trades must be entered between 8am and 5pm London time today only. Long Trade 1 Go long following…

Gold The Pending Question

Gold Room Fort Knox QUESTION: Martin, With your recent comments on gold; you seem to be implicitly suggesting people to sell their gold, since there is a good chance for it to bottom-out at a sub-$1000 level. Wouldn’t it make far more sense to hold onto it at least till November? 1) We don’t know for…

Some Daily Charts

SPX is at its MA 200.  Time to bounce to keep this unpleasant chart from becoming ugly like the Dow.   Dow is around a short-term trend line but below lateral support.  It can bounce but this has technical damage.   Uncle Buck was down yesterday as well as the Euro popped (short covering?).  Unc…

Dollar-Bloc Corrects Higher, GDP Underpins GBP

The US dollar is mixed. It is recouping some of yesterday’s losses against the euro and yen but is heavier against the other major currencies.  Short-covering in the dollar-bloc that began yesterday has been extended, and sterling was aided by the 0.7% preliminary increase in Q2 GDP.   The rout in Chinese equities continued. Although trading was…