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  • Finance 0

    United Technologies Corporation Q1 Profit & Revenue Top Estimates

    United Technologies Corporation (NYSE:UTX) early Wednesday posted better-than-expected first quarter earnings results and backed its full-year outlook, as demand remains robust for its industrial products....
    On April 26, 2017 / By
  • Finance 0

    Akebia Therapeutics, Inc. Shares Shoot Up On Announcement Of Collaboration With Otsuka

    Akebia Therapeutics, Inc. (AKBA), a biopharmaceutical company yesterday announced that they have extended their collaboration with Otsuka Pharmaceutical Co. and will now develop and commercialise Vadadustat in Europe China and other territories. Vadadustat is used to treat anemia patients with chronic kidney disease and is currently in late stage clinical trials. Akebia Therapeutics, Inc. CEO’s Comments “We are very pleased to expand our strategic relationship with Otsuka, a company who shares our vision to improve the lives of patients with kidney disease,” stated John P. Butler, President and Chief Executive Officer of Akebia. “W...
    On April 26, 2017 / By
  • Finance 0

    Hershey Co., Procter & Gamble Co. Beat On Earnings, Miss On Sales

    Hershey, and Procter & Gamble released their latest earnings reports before opening bell this morning. Hershey posted adjusted earnings of $1.31 per share on $1.88 billion in sales, compared to the analyst estimates of $1.25 per share and $1.9 billion. In the same quarter a year ago, the chocolate maker reported $1.8 billion in revenue. Procter & Gamble posted adjusted earnings of 96 cents per share on $15.6 billion in revenue. Analysts had been looking for $15.73 billion in revenue and 94 cents per share in adjusted earnings. In the same quarter a year ago, the company reported $15.76 billion in revenue. Hershey’s earnings fall Her...
    On April 26, 2017 / By
  • Finance 0

    Quantifying The Value Premium Across Asset Classes

    Value is arguably the leading exhibit in the factor zoo. Quantifying the value factor is challenging, however, for multi-asset class portfolios for at least two reasons. Commodities aren’t easily valued because oil, gold, etc. don’t generate earnings or dividends. Even when there are cash flows to measure, putting a broad set of assets on a level playing field is difficult, perhaps impossible, if we use traditional valuation metrics, such as book value, price-earnings ratio, etc. Measuring valuation for real estate investment trusts (REITs), for instance, requires a different procedure vs. stocks, which is different from bonds. A solution...
    On April 26, 2017 / By
  • Finance 0

    AUD CPI +2% First Time Since 2014

    Headline CPI Back To Target The latest CPI data for Australia showed that inflation rose 0.5% QoQ over Q1, boosted mainly by higher food and fuel costs. Underlying inflation also increased slightly, with trimmed mean inflation increasing 0.5% QoQ also though weighted media inflation remained flat at 0.4% QoQ. The majority of the increase in prices was driven by higher fuel costs and administered price changes for medical services. Volatile components such as vegetable prices also rose sharply fuelled by adverse weather conditions. On a YoY basis, headline inflation rose to 2.1% in Q1 from 1.5% in Q4 2016 marking the first +2% reading since 20...
    On April 26, 2017 / By
  • Finance 0

    Tedious Trading

    The oil trade has become tedious with a bigger dose of monotonous heaped inside. Not even another conflict with Iran or a drawdown in oil inventory could wake this boring market up out of its tedious movements. Perhaps that may change as the dollar is springing back to life and we get oil inventories and reports that Mexico’s PEMEX is going to spend 134 million dollars on a great oil hedge. Along with that, traders may look at other outside commodity markets that are showing some signs of stress. The API did report an 897,000 barrel drop in crude oil supply and an even larger 1.97 million barrel drop in Cushing, Oklahoma. Of course some of ...
    On April 26, 2017 / By
  • Finance 0

    Tesla Model S Loses Top Ratings Spot, Consumer Reports Says

    Consumer Reports is lowering the ratings of two Tesla vehicles because the automaker has not enabled the new models with the automatic emergency braking safety feature it said would come as standard. The maker of electric vehicles continues to say it is working through software problems, but that has left owners without the promised feature, some for as long as six months. The previous Model S and Model X came with functioning AEB as standard. Models produced between late October 2016 and now do not. In a statement to Consumer Reports, Tesla says it expects the software update to come Thursday. The Tesla Model S loses two points in the rating...
    On April 26, 2017 / By
  • Finance 0

    Generation Two Liquid Alternatives

    Beachhead Capital Management has published a white paper on what it calls the “second generation of liquid alternatives.” To begin at the beginning, “liquid alternatives” are investment products, available to retail investors, for example through mutual funds or ETFs, which are designed to provide the diversification and absolute-return benefits typically associated with hedge fund strategies. Liquid alts offer these strategies far beyond the bounds of the limited class of qualified investors who can avail themselves directly of the hedge funds. The first generation came into existence in the wake of the global financial crisis. But g...
    On April 26, 2017 / By
  • Finance 0

    Gold Bullion Imports Into China Via Hong Kong More Than Doubles In March

    Gold bullion imports into China via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday as reported by Reuters. China’s net-gold imports via Hong Kong more than doubled in March to 111.6 tonnes. Chart not updated as official data not publicly available yet. Source: Goldchartsrus.com  Net-gold imports by the world’s top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. China’s net-gold imports rose to its best since May 2016. Total gold imports rose to 1...
    On April 26, 2017 / By
  • Finance 0

    Global Fixed Income: Expect The Unexpected

    Based upon projections for 2017, it would appear as if the global bond markets have once again surpassed expectations. Indeed, following the U.S. election and the subsequent rate hike by the Federal Reserve (Fed) in December, the “student body right” mentality among investors was that the fixed income asset class could have its share of difficulties in 2017. While it is certainly early (and as we have seen in the past, developments can change over the course of a full year), the first three months of this year have been a welcome surprise for fixed income investors. The emerging market (EM) debt space had experienced the best perfor...
    On April 26, 2017 / By