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Athenex: An Under-The-Radar Buying Opportunity
Athenex Inc. (Nasdaq: ATNX) – Buy Recommendation – $17.50 PT The 25-day quiet period for the Athenex Inc. (Nasdaq: ATNX) IPO is scheduled to expire on July 10, 2017. Beginning on July 11, 2017, the company’s underwriters will be allowed to conduct analyses, release reports and make recommendations. The underwriters are likely to release positive reports, causing at least a temporary increase in the stock’s value. We recommend that investors purchase shares in advance of the quiet period expiration in order to take advantage of the potential price increase. Business overview: Biopharmaceutical company focused on cance... -
Finance 0
Oil: Explosive Rally
Well, oil’s explosive rally recently has been a thorn in my side (although the Nasdaq’s weakness has helped balance it out). I wanted to take a look at recently counter-trend rallies in oil and see if there might be any insights to be drawn. I have one… It seems to me, looking at recent history, that these idiotic, wrong-headed rallies last for thirteen days before reversing. Now I realize a sample set of two isn’t exactly mind-blowing, but what else ya gonna do? Just take a wild guess? Thus, if this pattern holds, oil has the rest of this week to keep pushing higher before it finally rolls over yet again. One thing to note abou... -
Finance 0
Volume By Price Indicator – Quite A Helpful Tool To Trade Stocks
My readers know that I am not a fan of Technical Analysis in its classic form. However, sometimes I have a look at a few interesting indicators that are not in common use. Let me take the so-called “Volume By Price” indicator. According to Stockcharts, this indicator is defined as: “Volume-by-Price is an indicator that shows the amount of volume for a particular price range, which is based on closing prices. The Volume-by-Price bars are horizontal and shown on the left side of the chart to correspond with these price ranges. Chartists can view these bars as a single color or with two colors to separate up volume and down... -
Finance 0
GM Reports Record “Channel Stuffing”: Dealer Auto Inventory Highest Since June 2007
As we await all US car-makers to report June auto sales, we remind readers that when we discussed last month’s disappointing monthly car sales report, which badly missed expectations showing the fifth consecutive month of declining auto sales – the first time this has happened since July 2009 – with domestic light vehicle auto sales printing at an annualized 12.59, the lowest sales number going back more than three years – we noted what may be the biggest concern for the auto industry: inventory days continued to trend higher as OEMs push product onto dealer lots even though sale through to end customers has seem... -
Finance 0
Billion Dollar Unicorns: Looker Counts On Big Data Analytics
According to IDC, global revenues for Big Data and business analytics are estimated to grow 12% annually to $203 billion by the year 2020 from $130.1 billion in 2016. Santa Cruz-based Looker is a potential Billion Dollar Unicorn club member in the industry. Looker’s Offerings Looker was founded in 2011 by Ben Porterfield and Lloyd Tabb. In my Thought Leaders in Big Data interview, CEO Frank Bien claims that Looker is a new kind of data analytics and business intelligence solution provider that focuses on providing end users with new levels of exploration capabilities above very large and complex sets of data. It believes that for bu... -
Finance 0
US Dollar Is Control After Strong ISM Manufacturing PMI
The US dollar was already recovering in the wake of the second quarter, perhaps also feeling festive ahead of the 4th of July fireworks. The data gave it another reason to be cheerful. The ISM Manufacturing PMI came out at 57.8 points, much higher than 55 that was anticipated. The employment component jumped to 57.2, indicating hiring in the sector and a positive sign for Friday’s Non-Farm Payrolls. New orders came out at a sky-high level of 63.5 points, reflecting robust growth. Prices paid slipped to 55 points, but this indicator is quite volatile. Markit’s final manufacturing PMI came out at 52, a tick down from 52.1 originally reporte... -
Finance 0
E 7 Things You Need To Know Before Investing In The Next Hot ICO
Initial Coin Offerings or ICOs are when a new cryptocurrency project sells cryptocurrency tokens to investors. It’s not a coincidence it is called ICO as the process resembles an IPO with some key differences. Every ICO is different and I highly encourage you to do thorough due diligence before taking part in one but here are seven things you need to be aware of that apply to most of them History An ICO is not the same thing as an IPO but it shares important characteristics. Unfortunately, IPOs have historically delivered subpar returns. The stats show that over thousands of IPOs over a multi-decade period of time IPOs underperform random s... -
Finance 0
ISM Manufacturing Index: Activity Expanded In June
Today the Institute for Supply Management published its monthly Manufacturing Report for June. The latest headline Purchasing Managers Index (PMI) was 57.8 percent, an increase of 2.9 percent from 54.9 the previous month. Today’s headline number was above the Investing.com forecast of 55.2 percent. Here is the key analysis from the report: “The June PMI® registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. The New Orders Index registered 63.5 percent, an increase of 4 percentage points from the May reading of 59.5 percent. The Production Index registered 62.4 percent, a 5.3 perc... -
Finance 0
Janet Yellen’s Secret Signal: Time To Look Abroad?
Top central bankers choose their words carefully. They know sending the wrong signals can unleash havoc, and they’ll get blamed for it. More important, as masters in acrobatic flip-flopping and backpedaling, they rarely promise a specific outcome. So when a Fed official does say anything definitive, I pay attention—because it’s almost never an accident. Last week, I did a double take when I saw this Reuters headline: That’s an unusually bold statement for any Fed leader, much less the chair. It sure would be nice if Yellen were right. We’d all go to our graves (hopefully not too soon) without ever having seen another financial crisi... -
Finance 0
FX COT Update: CAD Shorts Slashed As Hawkish BOC Expectations Build
EUR/USD Non-Commercials increased their net long positions in the Euro last week buying a further 14k contracts to take the total position to 59k contracts. Following a near 50% reduction in long positions the prior week, EUR demand has resumed as market expectations have now shifted regarding the ECB’s monetary policy approach. Following the ECB’s recent meeting which saw the bank striking a more neutral than dovish tone, ECB President Mario Draghi sparked a sharp rally midweek during the ECB forum. Draghi noted that the bank is no longer as concerned about low inflation, which they now view to be only temporary. Draghi’s comments come...
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