The uranium space is creating suspension among investors. The most popular uranium mining ETF URA dropped 4.6 percent last week. With that, it breached a major support level, and that could become major news. InvestingHaven has written repeatedly about the importance of 15 points in URA: Uranium miners URA: What happens at $15 has huge implications Uranium miners falling sharply, major test ongoing Uranium miners: Strong fight between bulls and bears in March 2017 The key point is clear: uranium miners are bullish as long as URA remains above 15 points. Interestingly, the importance of 15 points is not only visible in terms of URA’s cha...
Having already ‘dropped’ over one trillion dollars in 2017 to keep reality at bay, it appears the world’s central bankers are not about to let a French election mishap spoil the illusion. Just as central bankers gathered at The BIS’ Basel Tower just says before the Brexit vote , so judging by the statements today, the monetary manipulators stand ready to rescue markets once again should the first round of the French election ‘surprise’ the ‘free’ markets. Brexit’s BTFD took a few days… Trump’s election BTFD took a few hours… And given the following comments, we ...
Barring a few hiccups, year 2017 has so far turned out to be a great one for investors. As the earnings season ramps up, the overall picture emerging for this reporting cycle is skewed toward the positive with a projected sequential increase in earnings and revenues. Hence, investors need to replenish their portfolio with stocks that are likely to trump estimates this season. Among the 16 Zacks categorized sectors, we are focusing on Retail-Wholesale today.The sector has gained 8.1% so far in the year and has comfortably outperformed the S&P 500 index that advanced 4.5%. We believe that the favorable economic indicators and friendlier f...
The disruption of the physical retail market by online retailers has been one of the main stories on Wall Street since the beginning of the dot-com boom nearly two decades ago. And as the closure of brick and mortar stores has accelerated over the past year or so speculation about what the future holds for traditional retailers has reached fever pitch. However, according to research from Goldman Sachs, there are pockets of the retail industry that remain attractive for retail investors. Specifically, the lead story in the bank’s April 12 bi-monthly “Fortnightly Thoughts” research booklet, takes a look at the performance of those sectors...
In the Currency Strength table, the JPY was again the strongest currency while the CAD was the weakest. There were some significant changes last week with the CHF gaining 4 points and the EUR 2 points. The AUD lost 5 points and the CAD 2 points. The other currencies remained around the same level of last week with a maximum difference of just 1 point. 13 Weeks Currency Score Strength The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the “13 weeks Currency Classification” are considered for deciding on the preferred range. Because it is not ideal nor desired to change the range for a...
You might not realize it, but there’s a kind of ongoing debate about the best way to play the brick and mortar retail apocalypse. This is one of those running narratives that you should be aware of and stay up on irrespective of whether you plan to trade it. In that regard, it’s kind of like the increasingly amusing back-and-forth about the relative merits of trying to short auto ABS amid growing concerns about subprime car loans. On Friday afternoon we brought you “‘Brick And Martyr: When Retail Workers Become Bartenders,” a post which you should read and which undoubtedly would have gotten more attention had it not been for the ...
Tomorrow will mark the 47th year of Earth Day observations. The day honors the importance of conservation initiatives to protect the environment. Global warming has now become a burning issue, raising awareness among mankind. March smashed the new global warming record despite no presence of the El Nino effect, as per an article published on Independent. So long it was presumed that global warming leads to climate change causing drought in one region and flood in others. But as an eye-opener, economists have come up with the theory that global warming can “cause job losses, recessions and even a tumbling stock market.” But should...
Shares of International Business Machines (IBM) fell 5% on Wednesday, April 19, after the company posted a disappointing first-quarter earnings report. Legendary investor Warren Buffett took a big hit from IBM’s decline. His investment conglomerate Berkshire Hathaway (BRK-B) is IBM’s largest shareholder. At the end of 2016, Berkshire held 81.2 million shares of IBM, good for 8.5% of the company’s share count. Berkshire’s investment is worth approximately $13 billion. IBM is one of Buffett’s highest yielding holdings. After the 5% decline, Berkshire’s investment in IBM lost roughly $800 million in value. IBM is a high-quality...
Market Digest – Week Ending 4/21/2017 Stocks rose in a slow news week. Several big financial institutions reported earnings, with mixed results. Many are focused on the French presidential election, which has its first round Sunday. Marine Le Pen, who has called for France’s exit from the Euro, is expected to advance to the second round. Weekly Returns: S&P 500: 2,349 (+0.9%) FTSE All-World ex-US: (+0.6%) US 10 Year Treasury Yield: 2.24% (-0.04%) Gold: $1,284 (-0.2%) USD/EUR: $1.073 (+0.8%) Major Events: Monday – Big data software company Cloudera indicated it will seek a valuation near $2 billion in an IPO, an amount lower than pre...
Fundamental Forecast for GBP: Neutral British Pound Soars As Theresa May Announces Early Elections. GBP/USD Technical Analysis: Breakout or Fake-out?. The big news out of the U.K. this week came on Tuesday morning from Prime Minister Theresa May, in which she surprised the world by announcing that general elections will be held early, on June the 8th. The move was widely-applauded as astute political strategy from PM May, as she could use this opportunity to cauterize additional support for her Conservative party ahead of Brexit negotiations. Most opinion polls indicate that these snap elections could allow Tories a greater share of Parliame...