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Intersect ENT – Chart Of The Day
The Chart of the Day belongs to Intersect ENT (XENT). I found the medical instrument stock by using Barchart to sort today’s All Time High list first by the highest weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/3 the stock gained 11.00%. Intersect ENT, Inc. is a commercial drug-device company. The Company’s initial products, PROPEL and PROPEL mini, are drug-eluting implants for use in patients with chronic sinusitis. It offers products and therapies for ear, nose, and throat surgeons to improve treatment for their patients with chronic diseases. Intersect ENT, ... -
Finance 0
E The Case For A Valuation Disclosure Requirement
The U.S. Securities and Exchange Commission can help investors protect themselves from overpriced stock deals if it requires valuation disclosure in offering documents. Briefly, valuation is the presumed price to buy a company, based on its stock price. When new shares are sold, savvy investors focus on the “pre-money valuation,” which is the number of shares outstanding before the offering times the price of a new share. The number is important because the buy in valuation is a key determinant of an investor’s eventual return. Whether privately held or publicly traded, a company’s valuation should approximate what it might be acq... -
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Some Effects On Inflation From Harvey And Irma
It has been a rough few weeks. First, Hurricane Harvey drenched Houston and south Texas with feet of rain, turning millions into temporary refugees and tens of thousands of them into longer-term refugees as 40,000 homes were destroyed along with a million automobiles. Then, Hurricane Irma battered Miami and Tampa Bay, which is a rare feat and seems likely to make it the fourth most-damaging hurricane in nominal dollar terms in US history (behind Katrina, Sandy, and Harvey). And of course, there’s the memorial of September 11th. I once thought that this day would someday become less raw, but remarkably the passage of time has not applied t... -
Finance 0
GBP/CHF To 1.27?
Sterling is trading strongly ahead of Thursday’s Bank of England meeting which suggests investors are positioning for optimism but before the BoE meets, we’ll have to get past a few key economic reports that will shape policy expectations. Although the central bank recently downgraded their inflation outlook a smaller decline in shop prices and faster price growth in the manufacturing and service sectors in August point to a recovery. We also expect employment report to be strong as the service sector reports the strongest job creation in 19 months. Manufacturing reported the strongest since June 2014. We like buying GBP versus the Swiss ... -
Finance 0
China: Where A Rising Currency Is Meant To Be Inflationary
As much as officials in Beijing may outwardly fight it, they are still in the “dollar” business. It’s not raw conjecture, either. Though we don’t know the specifics of their policy positions, in this context we don’t need to know them; it’s all right there on the central bank balance sheet. The most prominent thing about China right now is not its economy but its currency. CNY having spent the balance of three years dropping in often globally disruptive fashion (because it wasn’t really about China), is now hellbent for the moon. From a low of less than 7.0 to the dollar (during a one-day flash crash the PBOC went to some pains ... -
Finance 0
It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day
Following President Trump’s sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats’ votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago and which meant that US federal debt would be at roughly $19.808 trillion for months. Well, no more: according to the latest Daily Treasury Statement as of Friday, total US debt surged by $317.6 billion from its Thursday closing print of $19.845 trillion, following the short-term debt suspension which kicked the can through December 8, to finally rise above the “psychologi... -
Finance 0
Market Talk – Monday, September 11
With no missile test Saturday or new geopolitical news over the weekend, Asian stocks opened on a positive note. The Chinese central bank loosened some financial restrictions which also added to the positivity for both domestic and regional markets, combined to support all markets. The central bank move opens the market slightly, returning responsibility to players rather than being tied by regulation. This is a positive step in opening domestic and on a day when producer prices improved way above consensus at 6.3% while estimates were at 5.6%. Shanghai closed +0.35% and Hang Seng +1.05%. The Nikkei performed best at +1.4% but did see the yen... -
Finance 0
EC Russia Eyes New Sources Of Revenue Amid Low Oil Prices
Written by: George Friedman, Xander Snyder and Ekaterina Zolotova. Low global energy prices have been a strain on the finances of many oil producers, but they’ve hit Russia particularly hard. Oil and gas accounted for 43% of Russia’s government revenue in 2015 and this figure was expected to drop to 36% in 2016, according to the World Bank. But this declining percentage doesn’t mean the government has become less dependent on energy; it’s simply a reflection of low energy prices. And with its financial resources dwindling, Russia’s ability to defend against both external and internal threats will be severely tested. After all, the... -
Finance 0
“Could’ve Been Worse”-Weekend Sparks Buying-Panic Sending Stocks To Record Highs
The last month has seen “Fire & Fury” threats, Gary Cohn resignation concerns, North Korean missiles over Japan, Hurricane Harvey, North Korean Hydrogen Bomb tests, and now Hurricane Irma… and stocks are higher… Video length: 00:00:04 All the worries are gone for stocks… But bullion and bonds remain the biggest gainers since Trump’s “Fire & Fury” threat… (note that the S&P just scrambled green) As stocks soared today – because no missiles were fired and, hey, only 6 million people in Florida are without power… The huge opening gap then stocks pretty much went nowhe... -
Finance 0
Hewlett Packard Enterprise Company Announces Offering Of Senior Notes
PALO ALTO, Calif., Sept. 11, 2017 (GLOBE NEWSWIRE) — Hewlett Packard Enterprise Company (“Hewlett Packard Enterprise”) (NYSE:HPE) today announced the offering of senior notes (the “Notes”). The Notes will be senior unsecured obligations of Hewlett Packard Enterprise and will rank equally in right of payment with all of Hewlett Packard Enterprise’s existing and future senior unsecured indebtedness. Hewlett Packard Enterprise intends to use the net proceeds from this offering to fund the repayment of the $750 million outstanding principal amount of its 2.450% notes due 2017, the repayment of the $350 million outstanding principa...
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