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  • Finance 0

    Abbott (ABT) Beats Earnings And Sales In Q3, Tweaks View

    Abbott (ABT – Free Report) is an Illinois-based company focused on bringing a diverse line of healthcare products to the market. Abbott Labs reports its diversified business in four segments – namely Established Pharmaceuticals Division (EPD), Medical Devices, Diagnostics and Nutrition. The company has reshaped its portfolio through strategic acquisitions/divestitures in recent times. It has also been taking strategic steps to expand its footprint in the growing geographies and investing in R&D, which has resulted in numerous new product launches across its businesses. In Feb 2015, Abbott completed the sale of its branded gener...
    On October 18, 2017 / By
  • Finance 0

    Should You Wait For Valuations To Improve?

    One of my favorite Wall Street clichés relating to stock market valuations goes something like this: “Valuations don’t matter until they do, and then they matter a lot.” Actually, you can probably replace the word valuations with any issue you’d like and the phrase would still work. However, since valuations continue to be a rather hot topic in the market these days, I thought I’d spend some additional time on the subject this morning. If you will recall, we did a pretty thorough review of valuations last month. And frankly, I thought we had exhausted the subject. However, I talk to financial advisors every single day and stock m...
    On October 18, 2017 / By
  • Finance 0

    Gold And German DAX Update

    Good day traders! Let’s look at gold and german dax. Gold is unfolding a bearish reversal away from the highs, where we labeled end of wave B. Current five-wave drop now indicates more weakness to follow, but after a pullback takes place (we are talking about wave ii). That said, blue wave one can be now trading in final stages, meaning a three-wave recovery can come in play in sessions to come, with possible resistance near the Fibonacci ratio of 50.0 or 61.8. Gold, 1H German DAX is breaking higher, away from the previous triangle correction that was located in wave 4. We now see a five-wave rally in progress, as wave 5, that can searc...
    On October 18, 2017 / By
  • Finance 0

    IBM Inc. Shares Soar On Yesterday’s Earnings Beat

    Tuesday, October 17th saw some interesting developments in the stock market. First, the Dow crossed 23,000 for the first time ever. However, the widely followed index closed below that level when the market closed at 4 p.m. Another thing that happened of interest was that IBM (IBM) reported their third-quarter earnings and they beat on both the top and bottom lines. Revenues came in at just over $19 billion dollars. Net income after certain one-time events came in at $3.30 a share which beat analyst expectations which were $3.28 per share. The company attributed some of the increased earnings to their focusing a little more on cyber secur...
    On October 18, 2017 / By
  • Finance 0

    ETFs: Saviors In Crises, Treated Like Pariahs

    This is the final post in a four-part blog series addressing the attacks on smart beta and exchange-traded funds (ETFs). Today we touch on the argument that asset classes such as emerging markets, which typically have a liquidity fear hanging over them in crises, will see exacerbated downside in the next crisis because of the presence of ETFs in the system. Always Remember: ETFs Saved Hides as Lehman Buckled We often say that attacking ETFs for causing crises is like saying that online travel websites are the cause of hotel and airplane bookings. The argument that ETFs exacerbate crises is particularly preposterous because it comes afte...
    On October 18, 2017 / By
  • Finance 0

    Housing Markets: A European Perspective

    Americans are all-too-familiar with issues in the US housing market: fluctuations in housing prices, along with problems of affordability and even homelessness. I’m not sure whether it is consoling or confounding to observe that similar problems exist across the European Union, but The State of Housing in the EU 2017, just published by Housing Europe, which is a federation of 45 national and regional housing-related organizationsthat in turn represent about “43.000 public, social and cooperative housing providers in 24 countries.” Here are a few commentsof the report: “Residential construction as a share of GDP is cu...
    On October 18, 2017 / By
  • Finance 0

    Why The Downside Risks Of Brexit Are Mounting

    While the UK economy did better than predicted in 2016 in the immediate aftermath of the referendum vote on leaving the European Union, growth has since stalled and inflation has risen. Beginning in January, I have been saying that risks from Brexit are rising. Let me reiterate that case below. Now, because this is such a contentious subject, with Britain evenly split on the issue, I think a timeline is in order here. I will use my blog posts as the markers. June 2016: Six days after the referendum, when I wrote my first post-Brexit blog post, there was still a lot of shock that the UK had voted to leave the EU. Remain supports were particula...
    On October 18, 2017 / By
  • Finance 0

    USD/JPY Remains On The Offensive, Strengthens

    USD/JPY: The pair looks to correct further higher as it followed through higher on the back of its Tuesday gains again today, Wednesday.  On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the upside, resistance resides at the 113.00 level. Further out, we envisage a possible move towards the 113.50 level. Further out, resistance resides at the 114.00 level with a turn above here aiming at the 114.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the...
    On October 18, 2017 / By
  • Finance 0

    Netflix Focusing On Original Content For Kids

    According to a MarketandMarkets report, the global video streaming market is expected to grow from $30.29 billion in 2016 to $70.05 billion by 2021, at a CAGR of 18.3% during the forecast period. The pioneer in video streaming Netflix (Nasdaq: NFLX) is reaping the benefits of this trend with its original content strategy.  Netflix’s Financials Netflix’s third quarter revenues grew 30% over the year to $2.98 billion, ahead of the Street’s forecast of $2.97 billion for the quarter. EPS of $0.37 beat market’s projections of $0.32 for the quarter. During the quarter, it added 5.3 million net subscribers (up 49%), compared with the Str...
    On October 18, 2017 / By
  • Finance 0

    US-German Bond Spread Surges To Highest Since 1999

    The spread between German and US sovereign bond yields is the widest since the start of the EU in 1999… But EUR/USD appears to have decoupled (just as it did in 2009 and 2013)… So which market is ‘wrong’ – Bonds signaling EUR/USD below par… or FX markets signaling a Bund crash is imminent?...
    On October 18, 2017 / By