We spent a lot of time on Thursday’s live blog talking about the “War of 1812.” Turned out to be time well spent.
The reversal that began yesterday afternoon and is continuing on Friday was sparked when the S&P 500 fell to 1812, a level that equaled the Jan. 20 intraday trading low and the 2016 trading low. Almost as soon as the number was reached – and in fact....More>>>
This week saw four companies file for IPOs including family-owned trucker Schneider National (SNDR), packaging film manufacturer Kl枚ckner Pentaplast (KP), E&P Jagged Peak Energy (JAG), and SPAC FinTech Acquisition II (FNTEU). There were no pricings this week and there is nothing on the calendar for the remainder of the year.
Schneider National (SNDR), a leading US trucking company,....More>>>
In an agewhen vending machines can dispense anything from lipstick to headphones, perhaps it was only a matter of time before the industry would dream up a new, automated way to help people stock up on marijuana.
American Green, a Phoenix-based medical-cannabis technology company, has unveiled a prototype for a vending machine that uses biometric verification technology to sell controlled....More>>>
Montreal, A8, based Investment company Caisse De Depot Et Placement Du Quebec buys Dollar General Corp, Mondelez International Inc, Vanguard FTSE Emerging Markets, SPDR S&P 500, iShares MSCI EAFE, Exxon Mobil Corp, Cameco Corp, Reynolds American Inc, Comcast Corp, iShares MSCI Eurozone, sells iShares MSCI Emerging Index Fund, Royal Bank of Canada, CVS Health Corp, Goldcorp Inc, Lockheed Martin....More>>>
On a cold and rainy day in October 1971, Ray Tomlinson sent the first-ever e-mail. At the time, he didn't think much of it. Nobody told him to do it… He just thought it was neat. Tomlinson was a programmer working on a secret government project called ARPANET… a network of computers that could "talk" to one another. It took two years before people....More>>>
Today, our Under the Radar Moversnewsletter suggested small cap online gaming and cloud computing GigaMedia Limited (NASDAQ: GIGM) as a bullish long trade:
As for Gigamedia, the trigger here is also a move past the 200-day line (green)…. just in the other direction. Confirming that bullish break after about a month’s worth of effort is the way bullish volume seems to be growing.
Apple (NASDAQ:AAPL) has the most successful retail operation in the world on the usual measure of dollars sold per square foot. Most of this is concentrated in the USA and Europe. Yet, the company’s biggest growth is coming from Asia. Population and economic growth would suggest this trend is only likely to accelerate.
The company has US$216 billion sitting offshore as of the Q4 2016....More>>>
Shares of construction materials leader Eagle Materials (NYSE:EXP) set new all-time highs earlier this year, although the stock’s recent surge was catalyzed by the announcement of fiscal second-quarter 2017 results in late October. At the time, the company set record revenues and more than doubled earnings per share from the prior-year period. That was followed by a new high watermark for....More>>>
Last March, I recommended American Airlines (AAL), opining that it was just too cheap to ignore. Through last night, it had returned 23% to the S&P 500′s 15%. But American Airlines is getting hammered today after releasing earnings this morning.
Agence France-Presse/Getty Images
What’s going on? Its earnings weren’t great–itreported an adjusted profit of....More>>>
An accepted accounting practice is allowing around $13 trillion to 14 trillion of debt to be hidden from global corporate balance sheets, exceeding the roughly $10.7 trillion of declared debt, according to analysts from the Bank for International Settlements.
What the Federal Reserve says and what the Federal Reserve does are not always the same thing. The central bank has thus far failed to raise interest rates as quickly as it had indicated last year, and now the market is starting to really doubt its credibility.
Two things precede a bear market... The first is a pullback... The second is a correction. In trader speak, these are benchmarks for gauging how far a stock market has fallen. A pullback is often defined as a 5% drop from a recent high. A correction is a 10% drop. And finally, s