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  • Finance 0

    Morning Call For Monday, Dec. 4

    OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.62%) this morning are up +0.62% at a new record high after the Senate on Saturday passed legislation that will cut the U.S. corporate tax rate to 20% from 35% in 2019. Also giving U.S. equity markets a boost is the legislation in the House that will push the next funding deadline to the Friday before Christmas, which will avoid a potential partial government shutdown this Friday and give U.S. legislators time to put together a spending bill. In addition, U.S. political risks eased after ABC news suspended a reporter they said that had made a “serious error” on his report on...
    On December 4, 2017 / By
  • Finance 0

    Watch For Reversal In The Dow Jones Transports (DJT) As It’s At Critical Resistance

    Dow Jones Transportation Average (DJT): Short-Term/Daily: Stodgy Uptrend since May 2017. New high made last Thursday, November 30. Possible major reversal starting. Intermediate-term/Weekly: Uptrend since January 2016. Current new high hit circular resistance. Watch for possible reversal. Long-Term/Monthly: Uptrend since March 2009. Current market also appears to be topping at major geometric resistance. SHORT-TERM/DAILY: Last Thursday, November 30, the DJT broke out to a new record high of 10,347.93. The following day the market quickly fell to support of 10,011.95, closing down for the day at 10,186.63. This activity formed a 2-day short...
    On December 4, 2017 / By
  • Finance 0

    Rig For Stormy Weather

    What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. Treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, so they say! I Doubt It! Do you believe the above is a fair and accurate representation of our economic world? If so, how do you explain the following? Global debt exceeds $200 trillion and is rising rapidly. This massive debt will NOT be paid back in currencies with 2...
    On December 4, 2017 / By
  • Finance 0

    Why AI And Robots Are Triggering The Next Industrial Revolution

    Every month, we will take a look at one of the big emerging trends in the business (and, for our purposes, investing) world. First, we will examine the trend, and then spend the month looking at stocks that will benefit – or be challenged by – that trend going forward. Hopefully, we can identify some attractive stocks to consider, as well as some to stay away from. For December, we are going to focus on one of the most covered, hyped – and probably most important – trends invading the business world today. And that is the emergence of robotics and artificial intelligence (AI) across nearly all business sectors, from in...
    On December 4, 2017 / By
  • Finance 0

    AUD/USD Forex Signal – Monday, Dec. 4

    Last Thursday’s signals produced a possible short trade following the bearish engulfing candle rejection of the resistance level identified at 0.7594, but it wouldn’t have given a great reward to risk as there was then a very successful bullish trade from the bullish inside candle bouncing from the support level identified at 0.7556! Two winning trades in a single day. Today’s AUD/USD Signals Risk 0.50%. Trades must be taken from 8am New York time until 5pm Tokyo time, during the next 24-hour period only. Short Trade · Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.7645. · Place...
    On December 4, 2017 / By
  • Finance 0

    Turkey At Risk Of Hyperinflation As CPI Soars To 14-Year High

    Turkey’s currency is being battered from all sides at the moment. In October 2017, the Lira fell sharply after both countries suspended bilateral visa processing in the latest US/Turkey diplomatic spat (although this was reversed in early November). Two weeks ago, it fell to a record low of 3.97 to the dollar, prompting the central bank to step in and cut borrowing limits for the banks. Last week we reported how the TRY was selling off on news flow from a trial in which a Turkish banker is accused by the US government of helping Iran to evade US sanctions via oil-for-gold deals. Turkey’s former economy minister, Zafer Caglayan, and tw...
    On December 4, 2017 / By
  • Finance 0

    U.K. Construction PMI Beats Expectation; Pound Gains

    U.K. Construction PMI Beats Expectation Ahead of Brexit Talks The U.K. construction sector expanded more than projected in November, following the surged in business confidence in the sector. According to IHS Markit, the construction Purchasing Managers’ Index (PMI) climbed to 53.1 in November from 50.8 in October. This is the largest expansion in five months and better than the 51.0 projected by most economists. The PMI was primarily driven by the increased in activities in the residential subsector, while commercial and civil engineering activity continued to contract. Indicating that new investment in the sector is still weak and we...
    On December 4, 2017 / By
  • Finance 0

    US Dollar Marked Higher After Senate Passes Tax Reform

    The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia’s involvement in last year’s election.  However, two-weekend developments seemed to blunt the impact of the guilty plea and admission of cooperation. First, it remains a mystery of why Flynn lied to the FBI when contact with Russia during the transition period was not illegal. Although some suspect that there is more to the story that will be ferreted out ...
    On December 4, 2017 / By
  • Finance 0

    Blue Apron Upgraded To Equal Weight From Underweight At Barclays

      Barclays analyst Ross Sandler upgraded Blue Apron (APRN) to Equal Weight and raised his price target for the shares to $4 from $3. The meal delivery service closed Friday up 24c to $3.23. With the stock down 15% since the last earnings report, the risk/reward appears more favorable, Sandler tells investors in a research note. He views the promotion of Brad Dickerson to CEO as a positive but admits Blue Apron’s competitive environment “remains fierce” with HelloFresh taking market share....
    On December 4, 2017 / By
  • Finance 0

    4 Major Cannabis Acquisitions From The Last Quarter

    Last week, we published an article that highlighted some of the recent merger and acquisition (M&A) activity within the legal marijuana industry. In this article, we explained how the legal marijuana industry is in the early innings of a major consolidation cycle and how we expect this trend to significant accelerate over the next year. This trend is already showing signs of heating up and today, we have highlighted 4 significant acquisitions that have taken place in the last quarter. Isodiol: Acquires Hemp Business to Increase Market Share Before the market closed on Friday, Isodiol International Inc. (ISOL.CN) (ISOLF) announced that it...
    On December 4, 2017 / By