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Jefferies Says Cryptocurrency Not A Fad, Sees No Imminent Risk For Nvidia, AMD
While commenting on cryptocurrency exposure at both Nvidia (NVDA) and AMD (AMD), Jefferies analyst Mark Lipacis argued that the risk of a “crypo-driven” inventory correction driving material downside is low in the near-term. CRYPTOCURRENCIES NOT ‘A FAD’: In a research note this morning, Jefferies’ Lipacis told investors that he estimates cryptocurrency revenues accounted for about 3% of quarterly sales for AMD, and about 10% for Nvidia in the second quarter of 2017. The analyst also argued that he thinks the risk of a “crypto-driven” inventory correction driving material downside is low in the near-te... -
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Middle-Class Chinese Say A $1,000 IPhone Is “Too Expensive”
Apple Inc. had hoped that its iPhone eight might demolish the company’s sales records in China as the country’s burgeoning middle class embraced the phone, thanks in part to its name: Eight is considered a lucky number in Chinese culture, signifying wealth and fortune. Unfortunately for the world’s most valuable company, this calculus isn’t playing out as well as its massive marketing operation had hoped for one simple reason: The price of the phone is simply too high for most members of the company’s target demographic. However, Apple investors reacted positively to news Monday that the company’s iPhone 8 would be priced... -
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5 Top-Ranked Biotech Stocks To Buy Right Now
Biotech stocks are back in favor thanks to two recent major developments that led to a rally in the sector. The first catalyst was Gilead Sciences’ (GILD – Free Report) announcement that it will be acquiring immunotherapy focused company, Kite Pharma (KITE – Free Report) while the FDA approval of the first gene therapy in the United States, Novartis AG’s Kymriah, boosted the sector further. The Gilead-Kite deal has raised expectations that the sector will finally see more merger and acquisition (M&A) deals in the coming quarters. Moreover, companies involved in CAR-T treatment like Kite saw their shares shooting up on ... -
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E Weekly Energy Roundup: Offshore Drilling Companies
For quite some time, I published a series of articles over at Seeking Alpha that tracked the performance of six offshore drilling companies. Quite some time ago though, I let that series fall by the wayside. In the interim, the offshore drilling industry went through one of its worst periods in history and I ended up focusing my efforts on other projects. However, as I have been discussing in a few articles lately, the offshore drilling industry has begun to recover, albeit slowly, and I find myself with more free time. Therefore, I would like to resurrect the series so that fans of the industry can see how the recovery has begun to impact th... -
Finance 0
Academic Research Insight: Do Dividends Still Matter?
What are the research questions? Research has shown that dividends constitute a greater contribution to the returns of a value versus a growth strategy. However, the question remains as to whether or not dividends matter within a style category. For style investors, does dividend policy determine success relative to non-dividend payers while holding investment style constant? When choosing stocks within an investment style, specifically growth, value, small cap, or large cap, does the level and yield of dividends influence the performance of the strategy? Is there evidence for clientele effects? That is, are stock return patterns associated w... -
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Bail Bonds Part 1 – The Business
Like all of my favorite finance topics, this one was inspired by my daughter’s question, as we slowly drove in the car past the county correctional facility: “Daddy, what are bail bonds?” Prior to her question, my knowledge of the industry came from watching Robert DeNiro in. Fun movie. I tried to answer as best I could. “Well, first you need to be arrested for a crime. Then, you really don’t want to spend much time in jail waiting for your trial, so the judge says you have to pledge money to guarantee you’ll return for trial later. But then, you don’t have enough money to pledge. Worse still, you don’t know anybody who has en... -
Finance 0
$500 Billion Of ‘Liar Loans’ In Australia
Australian banks are sitting on A$500 Billion of ‘Liar Loans’ according to UBS. In US dollars, that’s about $400 billion, quite a significant amount of money for a relatively small economy. Here’s something else for policy makers to worry about as they attempt to engineer a soft landing in Australia’s property market. The country’s lenders could be sitting on A$500 billion ($402 billion) of “liar loans,” or mortgages obtained on inaccurate financial information, according to an estimate from UBS Group AG. A survey by the firm of 907 Australians who took out a mortgage in the last 12 months found only 67 percent stated their ... -
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Reverse H&S Pattern In Gold
Last week, we received quite a few messages in which readers asked about the long-term reverse head-and-shoulders pattern in gold and related ratios. In today’s alert, we discuss this in greater detail. Let’s jump right into the gold chart (charts courtesy of http://stockcharts.com). The shape of the head and shoulders may not be evident on the chart, so we marked it with gray rectangles (one for the head and two for the shoulders). Generally, there are several characteristics regarding the reverse head and shoulders pattern that either make it reliable or rather insignificant. We’ll discuss the less important ones first. The pattern... -
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Under Armour Weekly Outlook
Under Armour (NYSE: UAA) is one of the leading sportswear companies around the world. However, its stock has been struggling in the recent 2 years as it lost 68% since September 2015. In our previous article, we pointed out to the current correction taking place which could turn out to be 3 waves flat structure. It turned out to be the case for UAA and the stock currently extending lower into the 123.6% – 1.618% fib ext area (21.49 – 13.32) where it’s expected to end the correction in wave ((II)) and resume higher or bounce in 3 waves at least. UAA can extend further toward 10.98 which is the target for wave I = wave V but we need to be... -
Finance 0
Shift In Risk Aversion Lifts Dollar
The US Dollar climbed against the Japanese Yen, perceived by investors as a safe haven currency, after recording its largest weekly fall in two months. A fall in risk averse investors led some FX traders to cover short positions ahead of this week’s release of key economic data, specifically CPI. A “lull” in aggressive actions from North Korea, which celebrated its 69th anniversary, also helped Dollar sentiment. The Dollar also edged higher against the common currency Euro after another member of the ECB seemed to downplay the negative impact of the strengthening Euro. As reported at 11:16 am (BST) in London, the USD/JPY was trading at ...
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