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    Jimmy Carter And The Energy Crisis That Never Happened

    Forty years ago tonight, President Jimmy Carter delivered his Address to the Nation on National Energy Policy, better known as the “Moral Equivalent of War” speech. Seated behind his ornate desk in the Oval Office and wearing a sober pinstriped suit, he offered a litany of dark predictions: “The oil and natural gas we rely on for 75 percent of our energy are running out.” “Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce.” “World oil production can probably keep going up for another six or eight years. But some time in the...
    On April 21, 2017 / By
  • Finance 0

    With Harrison Having Switched Trains, Analysts Upgrade CSX, Cut CP

    Two railways names linked by a recent executive change – CSX (CSX) and Canadian Pacific (CP) – are on track for weekly advances after each reported quarterly results earlier this week. However, CSX and Canadian Pacific’s reports have sparked different reactions on Wall Street, with analysts upgrading the former to Buy-equivalent ratings and a firm cutting its rating on the latter’s shares to Hold. RESULTS: With Hunter Harrison now at the helm of CSX after leaving Canadian Pacific, the former railway operator reported first quarter earnings per share of 51c and revenue of $2.87B, both above consensus. The company also a...
    On April 21, 2017 / By
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    3 Strong Buy Balanced Mutual Funds To Consider

    Balanced funds provide investors with the convenience of buying into a single fund rather than holding both equity and bond funds. This category of funds also reduces a portfolio’s volatility, while providing higher returns than pure fixed income investments. The fund managers also enjoy the flexibility of varying the proportion of equity and fixed income investments in response to market conditions. An upswing may prompt them to hold a relatively higher share of equity in order to maximize gains whereas a downturn will see them shifting loyalties to fixed income investments to stem losses. Below we will share with you three top-rated balan...
    On April 21, 2017 / By
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    Onconova Therapeutics Announces Pricing Of Public Offering Of Common Stock

    NEWTOWN, Pa., April 21, 2017 (GLOBE NEWSWIRE) — Onconova Therapeutics, Inc. (Nasdaq: ONTX), a Phase 3 stage biopharmaceutical company focused on discovering and developing small molecule drug candidates to treat cancer, with a primary focus on Myelodysplastic Syndromes (MDS) today announced that it has priced an underwritten public offering of 2,476,190 shares of its common stock, at a price to the public of $2.10 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering costs, are expected to be approximately $5.20 million. Onconova intends to use the net proceeds from the offering to support de...
    On April 21, 2017 / By
  • Finance 0

    Onconova Therapeutics Announces Pricing Of Public Offering Of Common Stock

    NEWTOWN, Pa., April 21, 2017 (GLOBE NEWSWIRE) — Onconova Therapeutics, Inc. (Nasdaq: ONTX), a Phase 3 stage biopharmaceutical company focused on discovering and developing small molecule drug candidates to treat cancer, with a primary focus on Myelodysplastic Syndromes (MDS) today announced that it has priced an underwritten public offering of 2,476,190 shares of its common stock, at a price to the public of $2.10 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering costs, are expected to be approximately $5.20 million. Onconova intends to use the net proceeds from the offering to support de...
    On April 21, 2017 / By
  • Finance 0

    14 April 2017: ECRI’s WLI Growth Index Degradation Continues

    ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year – after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. ECRI also released their coincident index this week. Analyst Opinion of the trends of the weekly leading indices Both ECRI’s and RecessionAlerts indicies are indicating moderate growth six months from today. Both indices are in a growth cycle but show the rate of growth slowing. They are indicating conditions 6 months from today should be somewhat better than today. ...
    On April 21, 2017 / By
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    Visa Inc. Beats Handily And Buys Back Shares

    The Numbers On Thursday April 20, 2017 Visa Inc. reported their fiscal second quarter earnings after the market closed at 4 p.m. Eastern Standard Time. The company reported $.86 per share which beat the $.76 estimate at Thomson Reuters. Revenue was 4.5 billion dollars versus an estimate of 4.3 billion. And to add the proverbial -icing on the cake-  Visa also announced a 5 billion dollar share repurchase program for their class A common stock. Shares of Visa have ranged in the past 52 weeks between $73.25 to a high of $92.05. The stock closed up 2.4% in the after-hours session at $93.35. This is likely where Visa will open for trading on Fri...
    On April 21, 2017 / By
  • Finance 0

    GLD: A Picture Of Fear

    Written by Sean Brodrick Do you want to see a picture of fear? Just look at what’s happening in the world’s largest gold ETF in the chart below. The SPDR Gold Trust (NYSE: GLD) added 11.84 metric tons of gold on April 19. That’s the most since Sept. 6, 2016, and it brought the GLD’s holding to 860.76 metric tons. That’s 27,674,076 troy ounces. What’s driving this? Fear. What’s driving this? Fear. North Korea is turning up the heat on its nuclear threat. In fact, North Korean state media just warned the United States of a “super-mighty preemptive strike.” What does that mean? Who the heck knows! We do know that the U...
    On April 21, 2017 / By
  • Finance 0

    What’s In Store For Material ETFs In Q1 Earnings?

    The materials sector has been one of the top performing sectors of this year thanks to rebounding commodity prices, positive developments in China, pick-up in global manufacturing activities and improving global trends. Additionally, Trump’s pro-growth policies to revive U.S. manufacturing and rehabilitate the country’s aging infrastructure added to its strength. The President-elect has proposed to spend a trillion dollars on infrastructure by rebuilding highways, bridges, hospitals and other infrastructure projects over 10 years. As a result, Materials Select Sector SPDR (XLB – Free Report) , Vanguard Materials ETF (VAW –...
    On April 21, 2017 / By
  • Finance 0

    EUR/USD Forecast Apr. 24-28

    EUR/USD drifted to the upside, driven by the dollar’s weakness. Is there more to come? The big event of the upcoming week is the French elections, followed by the ECB decision. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The latest polls towards the first round of the French presidential elections showed a very close race between no less than four candidates. Only two will make it to the second round. Final euro-zone inflation figures confirmed the drop in both headline and core inflation, vindicating Draghi’s dovishness. In the US, housing figures were mixed and the greenback m...
    On April 21, 2017 / By