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    This Could Be One Of The Biggest Winners Of The Electric Car Boom (SPONSORED POST)

    TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. There’s a new metal in town, and it’s bigger than lithium—and hotter than any other commodity on the market right now. Supply is fantastically tight and set to get phenomenally tighter. Analysts at Macquarie Research project deficits of 885 tonnes of this resource next year, 3,205 in 2019 and 5,340 in 2020. That’s a deficit increase of 503 percent. More importantly, it’s a massive opportunity for first-in investors. The panic over future supply has already broken out. The metal is cobal...
    On April 25, 2017 / By
  • Finance 0

    Australian, NZ Dollars Drop On Firming Fed Outlook – Will It Last?

    Optimism following the outcome of first-round voting in the French presidential election continues to define currency market price action. The Euro is leading most regional majors upward as updated polls suggest centrist Emmanuel Macron will beat eurosceptic Marine Le Pen by a margin of approximately 60 to 40 percent in the second round on May 7. The broader markets’ mood is consequently brighter, with the anti-risk Japanese Yen on the defensive. Meanwhile, US Treasury bond yields are marching higher to suggest that the apparent removal of a major threat to market stability will allow for steeper Fed tightening. The hawkish drift in U...
    On April 25, 2017 / By
  • Finance 0

    General Motors Loses Supreme Court Battle Over Ignition Switches

    On Monday, the Supreme Court ruled against General motors over the ignition switch issue. That will likely have a negative impact on the stock for quite some time. In other negative news, the company announced that it had to shut down a plant in Venezuela. The good news is that General Motors made it out on top in March with the best automotive sales in its industry. Supreme Court Ruling The Supreme court turned away an appeal by General motors on Monday, to block a lot of lawsuits that it is facing. The reason for the lawsuits deal with the company’s faulty ignition switches found on many of the older model vehicles. The ruling stated tha...
    On April 25, 2017 / By
  • Finance 0

    Accelerating Into The Carvana IPO

    Summary Carvana Company (Pending:CVNA) expects to raise $210 million in its upcoming IPO ($242 million if the underwriters exercise their option to purchase additional shares). Based in Phoenix, Arizona, Carvana is a leading ecommerce platform for selling used cars. Carvana will offer 15.0 million shares at an expected price range of $14-16. If the underwriters price the IPO at the midpoint of that range, CVNA will have a market capitalization of $2 billion. This assumes underwriters exercise their option to purchase additional shares. The company filed for the IPO on March 31, 2017. The lead underwriters are BofA Merrill Lynch, Citigroup G...
    On April 25, 2017 / By
  • Finance 0

    Raymond James Downgrades Amazon With Shares Up 21% This Year

    Raymond James analyst Aaron Kessler downgraded Amazon.com to Market Perform from Outperform and removed his previous $925 price target. The shares are fairly valued after rallying 21% this year and 44% over the last 12 months, Kessler tells investors in a research note. The analyst expects Amazon’s investment levels to remain elevated in the near-term and he views consensus operating income estimates for Q2 as aggressive. Amazon closed yesterday up $8.88 to $907.41.  ...
    On April 25, 2017 / By
  • Finance 0

    French Elections: Macron Leads 61% In Latest Poll – Unchanged

    No changes in the latest OpinionWay poll. En Marche candidate Emmanuel Macron leads Front Nationale Marine Le Pen with 61% against 39%. EUR/USD remains on high ground. It isn’t over until it is fully over. The first round is behind us and the countdown to the second round continues. EUR/USD is not only holding its ground well above Friday’s close but also moving forward. The pair is trading just under 1.09, ticking closer to the 1.0905 level of resistance. Support awaits at 1.0870 and 1.0830. Yesterday’s Opinionway poll showed Macron leading with 61% against 39% for Le Pen. This was down from 64% before the first round of the electio...
    On April 25, 2017 / By
  • Finance 0

    Technically Speaking: Return Of The Bull…For Now

    “Technically Speaking” is a regular Tuesday commentary updating current market trends and highlighting shorter-term investment strategies, risks, and potential opportunities. Please send any comments or questions directly to me via Email, Facebook or Twitter. Last week, I asked a simple question: “Was Monday’s rally an oversold bounce or the return of the “bull market?” As I stated then, the short-term oversold condition of the market set the stage for a rally. I updated the analysis on Saturday discussing the two possible paths of the market this week. “As expected the market did rally last week. As I noted it would...
    On April 25, 2017 / By
  • Finance 0

    US Q1 GDP Estimates Run The Gamut Ahead Of Friday’s Report

    The probability that a recession has started is virtually nil at the moment, but it’s debatable if low macro risk will deliver robust growth in the preliminary estimate of first-quarter US GDP release that’s due on Friday. Projections are wide ranging for what the Bureau of Economic Analysis will report at the end of the week. On the low end of the spectrum is a 0.5% estimate for Q1 output via the Atlanta Fed’s GDPNow model (as of Apr. 18) – a sharp slowdown from the 2.1% increase in last year’s Q4. By contrast, the New York Fed’s 2.7% econometric estimate (Apr. 21) sees a moderate pickup in economic activity. Recent surveys...
    On April 25, 2017 / By
  • Finance 0

    Narrowing U.S. Consumer Confidence To Fuel EUR/USD Breakout

    – U.S. Consumer Confidence Survey to Narrow From Highest Reading Since 2001. – 12-Month Inflation Expectations Have Softened for Last Two Consecutive Months. Trading the News: U.S. Consumer Confidence A downtick in the Conference Board’s U.S. Consumer Confidence survey may drag on the greenback as it casts a weakened outlook for growth and inflation, but the figure may do little to alter the monetary policy outlook as the Federal Reserve appears to be on course to implement additional rate-hikes over the coming months. Why Is This Event Important: The Federal Open Market Committee (FOMC) may continue to prepare U.S. household...
    On April 25, 2017 / By
  • Finance 0

    Markets Finish Strong; Nifty Closes At All Time High

    Indian share markets continued to witness buying momentum in the afternoon session fueled by a rally in Reliance Industries and other blue chips on upbeat earnings. The sentiments also remained upbeat on strong global cues after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election. At the closing bell, the BSE Sensex stood higher by 287 points, while the NSE Nifty finished up 89 points at 9,306.60. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 1.1% and 0.6% respectively. Gains were largely seen in FMCG stocks, realty stocks and oil gas sto...
    On April 25, 2017 / By