Latest Posts
-
Finance 0
Short Interest Report – Tuesday, November 28
Short interest figures for the middle of November were released after the close on Monday, so we have just updated our regular report on short interest trends for the market, sectors, and individual stocks for clients. Below we wanted to quickly highlight the stocks with the highest levels of short interest as a percentage of float. The list below shows the 23 stocks in the S&P 1500 that have more than a third of their free-floating shares sold short. Through yesterday’s close, the 23 stocks listed below have risen an average of 2.31% (median: 1.23%) compared to the 1.03% gain for the S&P 1500. So, there hasn’t been much of a per... -
Finance 0
Bitcoin Futures, Elon Musk And Michael Novogratz
If there’s one thing you count on with Bitcoin, it’s that the cryptocurrency is never dull. The week, the value of Bitcoin has exploded to a record high. At the time of writing, the price as shown by Coindesk is just under $9,900, near the psychologically important $10,000 level for the first time. In overnight trading, the value cryptocurrency hit as high as $10,086 today on data source CoinMarketCap. It has yet to breach the $10,000 level on Western exchanges. According to former Fortress hedge fund manager Michael Novogratz, $10,000 could be just the start for Bitcoin. In an interview on CNBC earlier this week, Novogratz proclaime... -
Finance 0
Overcapacity Or Opportunity? 2 Retail REITs To Bet On
The end of Cyber Monday, a day which witnesses the single largest volume of online purchases, is possibly a good time to take stock of e-commerce’s fortunes. Fresh estimates from Adobe Systems Inc. (ADBE) indicate that expenditure via the e-commerce route registered a near 17% increase to hit $6.6 billion this Cyber Monday. In fact, the holiday season as a whole will see online expenditure touch nearly $107 billion, more than 11% of total retail holiday sales. While this is great news for the likes of Amazon.com, Inc. (AMZN), brick and mortar retailers are an embattled lot. But the fallout of the e-commerce assault isn’t limited to this s... -
Finance 0
Dollar Recovering Its Losses In Europe
On Tuesday the 28th of November, during trading in Europe, the euro and pound were both trading down against the US dollar. After a failed recovery, the pound dropped from 1.3357 to 1.3287 (-70 pips), while the euro dropped from 1.1920 to 1.1875 (-45 pips). This is the market readjusting itself after the US dollar’s recent decline. Germany’s Gfk consumer confidence survey for December produced the same results as for November. This has had no effect on the euro. US trade balance and housing price data is set to be published later in the day. In addition to this macro-data, there are some speeches scheduled from members of the Federal Res... -
Finance 0
Crude Oil – Tuesday, November 28
Nice rebound from first Fibonacci confirms prevailing bullishness. Source: INVESTING.com... -
Finance 0
Oil Price Comes Into Focus As The OPEC Meets
The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173-rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about extending the production cuts. OPEC first agreed to curb production in 2016, marking the first oil cut in nearly eight years. The deal was designed to curb the building oil inventories as the previous decision to open the supplies saw crude oil prices falling sharply. The initial move also saw Russia in cutting its own output. Crude oil prices have stabilized since the first decision in 2016. Ahead of th... -
Finance 0
Gold: $1400 Is The Key
The big picture for gold continues to strengthen. In 2016, gold began the year at about $1100, soared $300 an ounce to about $1400, but then it gave back about $250, and ended the year at about $1150 with only a $50 gain. That price action fit perfectly with my 2014 – 2017 theme of “rough sideways action, initially with a downside bias that develops into an upside bias”. The year 2018 should see solid Chindian demand, a reversal in US money velocity, and a peak in mine supply. That should push gold up from the enormous sideways trading pattern and into a substantial uptrend. Double-click to enlarge this key weekly gold chart. Note... -
Finance 0
Doc Copper/Gold Ratio About To Break Key Support?
Keeping a close eye on the ratio of Copper -vs.- Gold can be helpful in determining where interest rates are headed. If the ratio is heading lower (Copper weaker than Gold), often times interest rates will tend to fall. If the ratio is heading higher (Copper stronger than Gold), often times rates will head higher and can suggest the economy is strong and growing. Below looks at the Doc Copper/Gold ratio over the past 10-years: Let’s be clear about the intermediate trend in the Copper/Gold ratio…It remains up since the lows at (1), which took place around 14-months ago. Let’s also be clear about this too…a little decline in the past 6... -
Finance 0
Consumer Confidence Remains At 17 Year High
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 14. The headline number of 129.5 was an increase from the final reading of 126.2 for October, an upward revision from 125.9, and remains at a 17 year high. Today’s number was above the Investing.com consensus of 124.0. Here is an excerpt from the Conference Board press release. “Consumer confidence increased for a fifth consecutive month and remains at a 17-year high (Nov. 2000, 132.6),” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions... -
Finance 0
The Rivalry Between Canopy Growth Corp. And Aurora Cannabis Is Heating Up
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. There is a battle brewing between two of the world’s largest licensed marijuana producers and this is a development that investors need to watch. Canada has been leading the legal medical marijuana movement taking place all over the world and this trend is just getting started. Over the last year, the country has expanded its reach and is now selling medical marijuana to countries like Germany, Australia, the Cayman Islands, Brazil, and more! Canopy Growth Corp. (WEED.TO) (TWMJF) and Aurora Can...
Top Posts
-
The Importance for Individuals to Use Sustainable Chemicals
-
Small Businesses: Finding the Right Candidate for the Job
-
How to Write the Perfect Thank You Letter After Your Job Interview
-
3 Best Large-Cap Blend Mutual Funds For Enticing Returns
-
China suspected in massive breach of federal personnel data
