The Chart of the Day belongs to Abeona Therapeutics (ABEO). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/2 the stock gained 50.84%. Abeona Therapeutics, Inc. is engaged in developing and delivering gene therapy and plasma-based products for rare diseases. Abeona Therapeutics Inc., formerly known as PlasmaTech Biopharmaceuticals, Inc., is based in Dallas, United States. The status of Barchart’s Opinion trading systems ar...
Ross Stores (ROST) has cratered by 17.5% year to date, despite decent first quarter results. I think it’s one of the better retail stores out there, and faces less threats from Amazon (AMZN) than many of its retail peers. “There’s always a bargain in store” is plastered on the first page of the company’s annual report, and I think that this might also be a fitting description of its shares as well. What makes Ross better than most? Ross earns very impressive headline returns on invested capital, likely far in excess of its weighted average cost of capital, or WACC. I created the below chart (and all others in the...
Video length: 00:09:22 Stocks exploded higher today on surprisingly dovish comments from the Fed. Is this the start of another bull leg higher or a blip for the bears who are fighting to take back control. Watch tonight’s video to find out…...
Well, the message from Yellen was heard loud and clear and amusingly, so was the message from Stephen Poloz. In fact, you’d be forgiven for thinking they coordinated to make sure one offset the other. The BoC hiked, as expected, but “expected” is a relative term here. Because the whole abrupt shift in rhetoric that culminated in Wednesday’s hike was, well, abrupt. All of this came to together over the past two weeks. So with every DM central banker seemingly ready to “look through” purportedly “transitory” weakness in inflation, it doesn’t seem like a coincidence that Yellen came out dovish on Capitol Hill. Today was class...
Let’s have a look at a long-term perspective on Treasury yields as of Friday’s close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and inflation. The range has been astonishing. The stagflation that set in after the 1973 Oil Embargo was finally ended after Paul Volcker raised the FFR to 20.06%. Last year was a remarkable one for yields. The 10-year note hit its historic closing low of 1.37% in July and then rose 123 BPs to its 2016 closing high of 2.60% in mid-December. The yield on the 10-year note to date has dropped to 2.36% as of Friday’s close. Now let̵...
All investors realize the importance of discovering stocks that are about to skyrocket in order to increase their returns. It is difficult to know exactly which stocks or sectors are about to explode, as it is impossible to predict the future. Nevertheless, Zacks Premium customers can utilize the Zacks Industry Rank Heat Map to discover which industries are currently rallying, and a quick glance at the Heat Map right now reveals that the home building space is currently one of the hottest corners of the market. The home building industry has endured a positive trend, as it has moved from the 57th best industry to the 18th and into the top...
Investment guru Bill Miller and his son, Bill Miller IV, are big bitcoin bulls, believing the digital currency whose price has soared this year is bound for disruptor status. “It is a true disruptor and true innovation in money,” the elder Miller told CNBC. “We haven’t seen that in thousands of years.” Everything is affected by this technology, most notably in the quality of the money we use. F.A. Hayek’s dream of competing currencies is here. The list of crypto-currencies goes on and on, with the big news being what Bloomberg calls Bitcoin’s Civil War. “The notoriously volatile cryptocurrency, whose 1...
Did The Fed just step in to replace the Trump premium as Junior’s email dashes hopes of tax breaks further? Timing is certainly interesting… Equities and Treasuries rose and the dollar sank after markets interpreted Chair Yellen’s testimony before Congress as dovish even as it echoed the most recent FOMC statement. The rally was aided as the Fed chair made no mention of asset prices just a week after her comment that some looked “somewhat rich.” Yesterday’s Trump-Junior-Dump was indeed a ‘storm in a teacup’ as a flip-flopping Yellen showed the way this morning by hinting once again at just how clueless The...
USD/JPY has been riding the tiger in recent weeks: climbing off 108.80 all the way to 114.50 at a fast clip. The 600+ pip move higher took less than a month. On its way, the pair made symbolic drops to mark a line of uptrend support, which was quite steep. The momentum was strong enough to allow for a small break above the May high of 114.37 but the pair didn’t go too far. And what cannot go up, must go down. At first, the troubles of Trump Junior halted the pair’s ascent. The smoking gun of collaborating with Russia took their toll: the dollar lost ground across the board. Then came Yellen’s cautious testimony by Fed Chair Janet Yelle...