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    JP Morgan: 5 Top Stocks For The AI Explosion

    JP Morgan’s research team has just published an investor report revealing its top AI stock picks, shows CNBC. These are 5 of the firm’s ‘buy-rated’ stocks that should profit from the huge growth in AI. “We are at a pivotal point for its adoption today due to the availability of big data, high-powered computing and advances in algorithms – which all make AI cheaper and faster to implement,” states JP Morgan analyst Stacy Pollard. She calculates that the AI-related hardware, software, and services market could hit $58 billion by 2021 from just $12 billion this year. Here we take a closer look at these five stock ideas- and order t...
    On November 29, 2017 / By
  • Finance 0

    Third-Quarter GDP Hits Consensus 3.3% Estimate

    The BEA reported the second estimate of third-quarter GDP was 3.3%. The report matched the Econoday consensus. Real gross domestic product (GDP) increased at an annual rate of 3.3% in the third quarter of 2017 according to the “second” estimate released by the Bureau of Economic Analysis. Real gross domestic income (GDI) increased 2.5% in the third quarter, compared with an increase of 2.3%(revised) in the second. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.9% in the third quarter compared with an increase of 2.7% in the second quarter. For ...
    On November 29, 2017 / By
  • Finance 0

    Regal Entertainment Group Shares Halt Then Catch A Buyout Offer After-Hours

    Regal Entertainment Group (NYSE: RGC) For the majority of Americans, you can pretty much bet that they have been in a building that is owned and operated by Regal Entertainment Group. You see, this is one of the largest cinema production companies in the world and in the US. They operate movie theaters in 42 states in the United States under various names. Some common ones are Regal, United Artist, and Hollywood theaters. So when shares were halted during the regular trading session on Tuesday, November 28th, speculation ran rampant that they were about to be acquired. Shares shot up when the rumors abounded, then got halted, then reopened ag...
    On November 29, 2017 / By
  • Finance 0

    Cesca Therapeutics Inc. Announces Pricing Of Public Offering Of Up To 900,000 Shares Of Common Stock

    RANCHO CORDOVA, Calif., Nov. 29, 2017 (GLOBE NEWSWIRE) — Cesca Therapeutics Inc. (“Cesca”) (Nasdaq:KOOL) a market leader in automated cell processing and point-of-care, autologous cell-based therapies, today announced that it has priced a best efforts registered public offering of up to an aggregate of 900,000 shares of the Company’s common stock at a price to the public of $3.00 per share. The offering is expected to close on or about December 1, 2017, subject to the satisfaction of customary closing conditions. Dawson James Securities, Inc. is acting as exclusive placement agent for the offering. The aggregate gross proceeds of ...
    On November 29, 2017 / By
  • Finance 0

    We Still Need Bank Branches

    For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store. For example, America still has a large number of branches (32 per 100,000 people) and remaining fairly steady, whilst Europe has seen a near 20% reduction in bank branches from 2009 to 2015 (238,467 in 2009 falling 49,616 to 188,851 in 2015). That’s still a lot of branches. What is the outlook for the future? In my view, there is always a role for a branch in banking, but not the bran...
    On November 29, 2017 / By
  • Finance 0

    ETH/USD > $500 – Ethereum Getting Carried After Bitcoin

    Bitcoin is not alone in setting new records at very round levels. The price of the second most popular cryptocurrency, Ethereum, is trading above $500. The high so far is $548 but liquidity remains relatively low. The rise today is 8%, below the advance of around 13% that bitcoin is experiencing. But looking at the move since the beginning of the year, the price has risen by over 5000%, this is 50 times the value early in the year. BTC/USD increased by “only” 1000%. BTC/USD broke $10,000 and swiftly jumped above $11,000. Looking at the chart, we can see clearer lines of support and resistance on the ETH/USD chart than on the BTC/USD on...
    On November 29, 2017 / By
  • Finance 0

    Chipotle Stock Is Toxic And Should Be Avoided

    Sometimes when a stock gets beaten down, investors think it becomes a value play. They feel as though they can pick up some shares on discount, ride the stock back up, and sell out of their position, making a nice profit along the way. Some investors feel this way about Chipotle. Chipotle (NYSE: CMG) was the darling of Wall Street in the casual dining sector. With a share price over $700, investors were banking on phenomenal growth. But then some unfortunate events happened and the stock price tumbled. Currently, Chipotle is trading for less than $300 per share. Based on the $700 share price, the current stock price looks like a steal. You m...
    On November 29, 2017 / By
  • Finance 0

    Q3 GDP Second Estimate: Real GDP At 3.3%

    The Second Estimate for Q3 GDP, to one decimal, came in at 3.3% (3.30% to two decimal places), an increase over 3.1% for the Q2 Third Estimate. Investing.com had a consensus of 3.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. The GDP estimate released today is based on more complete source data than were available for the “...
    On November 29, 2017 / By
  • Finance 0

    EC Merkel Matters

    German Chancellor Angela Merkel faced a crisis when coalition talks broke down on November 19th. Germany could have endured months of political uncertainty, and it suddenly became possible that Merkel would be forced to resign. The German public and the world awoke to find that the continuation of Germany’s solid, centrist government was threatened. Germany’s stable government under Merkel’s leadership has underpinned the stability of Europe in recent years. Hopes for the much-needed reforms of the European Union proposed by French President Macron are unlikely to be realized without the support of a politically strong Germany. Maintena...
    On November 29, 2017 / By
  • Finance 0

    Is This Why Tech Stocks Are Tumbling?

    Is this what happens when the bag-holder-of-last-resort is removed from the market? As we detailed earlier in the year, institutions and hedge funds have been using this exuberant rally in stocks to dump their holdings to retail admirers. So what happens when arguably the largest retail brokerage – where all the “useful idiots” reside – goes down? As The Wall Street Journal reports, a technical error at Fidelity Investments on Wednesday blocked millions of customers from their online brokerage accounts.  Attempts to log in were met with an error message reading: “Due to a technical error, the system is temporar...
    On November 29, 2017 / By