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  • Finance 0

    E*Trade Financial Corp. Q1 Earnings Top Expectations As Revenue Jumps 17%

    E*Trade Financial Corp (ETFC) late Thursday posted better than expected first quarter earnings results, as it successfully navigated through an increasingly competitive brokerage landscape....
    On April 20, 2017 / By
  • Finance 0

    Chevron Sell-Off Continues With $1.1B Exit Of Canada Fuel Assets

    by Adam Putz, PitchBook Parkland Fuel (TSX: PKI)(PKIUF) has agreed to acquire Chevron Canada R&M, which operates the Canadian integrated downstream fuel business of oil & gas giant Chevron (NYSE: CVX). The C$1.46 billion (~$1.1 billion) deal comprises: 129 Chevron service stations principally in Vancouver, bringing Parkland’s total of Chevron-branded sites in British Columbia to 173. 37 commercial cardlock and three marine fueling locations. A refinery and terminal located in Burnaby, BC, and terminals in Hatch Point and Port Hardy, BC, and a wholesale business which includes aviation fuel sales to the Vancouver International Airpor...
    On April 20, 2017 / By
  • Finance 0

    Look! More Crazy ETF Charts

    It’s not entirely clear when the “enough is enough” moment will come in terms of highlighting charts that illustrate the epochal (and increasingly dangerous) shift to passive versus active management, but I don’t think we’re there yet. It may just be me, but it certainly seems as though ETFs are getting a lot more attention over the past several months and that’s saying something because they’ve been a hot topic for years. We – and a lot of other folks – have tried our best to stay abreast of the latest in what’s becoming a vociferous debate. Here are some recent posts for anyone who might have missed them: One Flow Chart ...
    On April 20, 2017 / By
  • Finance 0

    TIPS Auction ‘Validates’ Broken US Debt Scam

    Graham’s Musings: What is more remarkable; the fact that anyone would still fall for the idea of inflation protected securities or that alleged ‘professionals’ and ‘experts’ in the financial community would continue to push the notion that the US Government can continue to rack up debt continuously without consequence? I have never in my entire career seen such delusion. As RBC’s head of cross asset strategy remarked yesterday, a key validation of whether the reflation trade may be coming back, was the market’s response to remarked yesterday, which priced at 1pm. So those looking for confirmation that the reflation trade has at ...
    On April 20, 2017 / By
  • Finance 0

    Schlumberger Technical Notes Ahead Of Earnings, Potential Bearish Pattern

    SLB: On a weekly chart there is a potential bearish head and shoulders pattern that will become active if price breaks below $76 on negative news. Downside potential for the pattern is to the $66-$65 area over time. If the news is instead a positive surprise, the pattern could fail. Patterns are most at risk during earnings when news may reverse sentiment and expectations, of which patterns are a manifestation. Given that price is above $76, the pattern is still only a potential one. A move above $81 would void the pattern and that makes it the first level of major resistance on strong positive news. Additional resistance levels to watch abov...
    On April 20, 2017 / By
  • Finance 0

    Mattel, Inc. Q1 Earnings Miss Badly As Obsolete Inventory Weighs

    Mattel, Inc. (MAT) late Thursday posted much worse than expected first quarter earnings results, as its unsold inventory continued to hamper results....
    On April 20, 2017 / By
  • Finance 0

    Technical Analysis Vs. Statistical Analysis = Same Result

    Video length: 00:11:44 Stocks take off higher moving about 1% up across the board. In tonight’s video let’s look at the market through two lenses because either lens you want to use you get the same result. Watch tonight’s video to find out what the most likely outcome will be for tomorrow’s trading day and what opportunities you can take advantage of…...
    On April 20, 2017 / By
  • Finance 0

    E An Update On VBI Vaccines Inc: What’s Happened And What It Means

    In February, I put together this piece on Massachusetts based biotechnology company VBI Vaccines Inc. (VBIV). At the time, the company had just reported a 6.72% stake held by world renowned healthcare and technology fund, Clarus Ventures, by way of its Clarus Lifesciences arm. As noted at that point, VBI enjoys a strong base of institutional interest, yet remained firmly under the radar, as illustrated by its then market capitalization of around $180 million. Subsequent to my highlighting of VBI, the company ran up from around $4.5 a share to mid-March highs of $6.46 – a gain of more than 40% across in a period of circa four weeks. Subseque...
    On April 20, 2017 / By
  • Finance 0

    Shorts Smoked – Stocks End ‘High’ As Dollar Dumps’N’Pumps

    Despite tumbling soft data and disappointing earnings data… Stocks soared most in 6 weeks… Video length: 00:02:44   Another day, another one-way trip in stocks. VIX clubbed to a 13 handle again stocks soar… Trannies and Small Caps once again led the day (short squeeze) and S&P lagged but everything was awesomely green again… Another big short squeeze… The Dow continues to lag – managing to scramble back to unchanged from last Wednesday’s close before fading into the close… Financials limped back into the green for 2017… The Dow remains below its 50DMA, S&P and Small Caps are cling...
    On April 20, 2017 / By
  • Finance 0

    Agriculture Markets Report – Thursday, April 20

    Video length: 00:11:45...
    On April 20, 2017 / By