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Aria Systems Is Helping Cloud Companies Bill
According to a recent MarketsandMarkets report, the global cloud billing market is expected to be worth $16.59 billion by the year 2021. The cloud billing market was estimated at $5.7 billion last year, thus translating to a 24% annual growth rate over the next five years. San Francisco-based Aria is a leading player in this industry. Aria’s Offerings Aria was founded in 2003 by co-founders Brendan O’Brien and Edward Sullivan to provide a simpler and more efficient way for online companies to bill for their products and services. The two wanted to build a solution that would meet the needs of companies relying on alternative billing m... -
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Deputy Governor Of The Reserve Bank Of India On The Current State Of The Economy
Audio Length: 00:53:58 On the eve of the implementation of India’s national goods and services tax (GST), we had the pleasure of speaking with Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), and Ridham Desai, who oversees equity research at Morgan Stanley India. The conversation touched on a broad cross section of the Indian banking system and issues the RBI is focused on, and then on an investment angle of why Desai has a bullish outlook for India over the coming years: he thinks the market has the potential to triple within the next five years. In a future blog post, I will focus on the market implications, but below ... -
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Best Half For Mutual Funds Since 2009
While the hedge fund community has once again failed to take advantage of what so many predicted would be a new “golden age” for the 2 and 20 crowd as a result of a collapse in pairwise correlations, largely as a result of short stocks squeezing higher and hurting performance, it has been a different story for the “long only” mutual fund group, which according to a new analysis by Bank of America enjoyed its best quarter and 1H half in eight years, specifically “over half (54%) of large cap fund managers beat their benchmarks in the first half of the year- for the first time since 2009.” Much of this outper... -
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TransAlta Renewables: A Safe 5.7% Monthly Dividend Yield
The renewable energy industry is not well-known for housing high-quality, recession-resistant businesses. It seems that every quarter there is an announcement of a large-scale bankruptcy in this fledgling industry. Because of this, most investors stay far away from renewables… …which means this industry might be interesting for contrarian investors. “The time to get interested is when no one else is. You can’t buy what is popular and do well.” – Warren Buffett TransAlta Renewables (RNW.TO) (TRSWF) is one example of an under-appreciated company in the renewable energy industry. Most investors are likely unfamiliar with this compan... -
Finance 0
ISM Non-Manufacturing: Continued Growth In June
The Institute of Supply Management (ISM) has now released the June Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 57.4 percent, up 0.5 from 56.9 last month. Today’s number came in above the Investing.com forecast of 56.5 percent. Here is the report summary: “The NMI® registered 57.4 percent, which is 0.5 percentage point higher than the May reading of 56.9 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. The Non-Manufacturing Business Activity Index increased to 60.8 percent, 0.1 percentage poin... -
Finance 0
ISM Non Manufacturing PMI Beats With 57.4 – USD Hardly Recovers
The US services sector is growing at an accelerated speed: a score of 57.4 points, better than 56.5 expected. The expansion is seen in a strong order index, a robust business activity component and a recovery of prices from contraction to expansion territory. However, this is not necessarily a positive sign for the Non-Farm Payrolls tomorrow. The employment component is actually down from 57.8 to 55.8 points. This points to less hiring. The US dollar is marginally stronger, halting its losses seen after the disappointing ADP NFP. However, the gains are very limited. So far, the soft data looks strong: both ISM PMIs came out better than exp... -
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Patience To Find The Right Trade Setups
It was just last Thursday when the S&P 500 was on the cusp of a breakdown. Since then, it has been up, up, up. But only 13 points to show for the 3-day rally in the stock market. And each rally has been of mixed signals, with the Nasdaq down the first two days of the rally and the Russell 2000 being down today and the Dow-30 being flat. Yesterday’s rally had horrible breadth for the bears with only 11 stocks advancing to every 18 stocks that were declining. I suspect we might see the volume pick up a little bit heading into the latter half of the trading week, but I wouldn’t expect much as the holiday week is still in full... -
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‘Sudden Selloff’: It’s Time For Emerging Market Investors To Be ‘Deeply Fearful’
So this is probably a good time to reassess your carry trades. As noted, a seemingly innocuous event (weak French 30Y auction) sparked a dramatic selloff in bunds earlier this morning, as German 10Y yields suddenly spiked to their highest levels since January of 2016: That had immediate knock-on effects across Eurozone bonds and it quickly spilled over into equities as the DAX and Eurostoxx dipped. Between that and the rising tide of geopolitical event risk, one has to wonder if it’s time to abandon EM – at least until we get more clarity on North Korea and Syria and until DM tantrum risk has subsided. Below, find a particularly timely ... -
Finance 0
Emerging Markets About To Submerge
Emerging Markets (EEM) has done well this year, gaining over twice as much as the S&P 500 (17% -vs- 7%). These gains have Emerging markets facing resistance dating back to the highs in 2008 and a couple of other important resistance lines in the chart below. Emerging markets have been a downside leader since 2008 and an upside leader since early 2016. EEM is testing triple resistance with momentum lofty. If support would give way at (2), selling pressure could pick up speed, leaving room for Emerging markets to “submerge!” Important price point at (2) for this key market. The tight jam EEM finds itself at right now, could create a g... -
Finance 0
Whats The Next Move For Bitcoin And Ethereum
Bitcoin is still considered the currency of the Dark Web, despite the fact that it was the world’s best performing currency in the recent two years. Now one Bitcoin is worth two ounces of gold which is significant in the financial world as the digital currency continued it’s outstanding performance with +150% year-to-date. However, there has been a lot of headlines lately as the world’s new favorite cryptocurrency Ethereum stole the show with an outstanding +5,000% rise in value since January before the price stabilizing around +3,000%. Moving on to the technical charts, we’ll be using Elliott Wave Theory among other tools like d...
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