New York based The Travelers Companies, Inc. (TRV – Free Report) is one of the leading writer of auto and homeowners’ insurance through independent agents as well as writer of commercial U.S. property-casualty insurance. Travelers’ impressive inorganic growth story bodes well for long-term growth. While its prudent acquisitions help to expand in the attractive and growing market place outside the United States as well, the same bear testimony of its solid capital and liquid position. Travelers’ focus on reducing operating expenses and acquisition costs in order to improve underwriting margins bodes well for to have more competi...
Silver Daily Technical Outlook: Silver prices have continued to trade within the confines of an impressive, well-defined ascending pitchfork formation extending off the November / December lows. The precious metal failed to hold above key resistance this week on building bearish divergence at 18.33/37 – a region defined by the 50% retracement of the July decline & the 100% extension of the ascent off the December lows. The pullback is now testing a key near-term support just below the 18-handle where the 200-day moving average converges on the 50-line of the ascending slope formation. Silver 240min Notes: A closer look at price ac...
With the stock market waiting on both earnings and the economy to improve in order to justify current valuation levels, it would appear that traders are basically trying to decide which way to go from here. (IMO, a meaningful break below 2320 would embolden the bears while a move above 2400 would reinvigorate the bulls.) As such, this appears to be as good a time as any to continue our discussion on portfolio design. So far, we’ve talked about establishing goals, selecting time frames, and identifying the correct benchmarks. We’ve reviewed my take on the three ways to generate alpha (timing, selection, and leverage). Now it’s time to ge...
Written by John Carroll UniQure B.V. (QURE) announced this morning that it has decided not to seek the re-authorization authority that would have been required to keep this drug on the market past October. After bypassing the FDA as a lost cause and seeing only one reported use of the gene therapy in Europe, which provided a conditional approval, the company would prefer to stick with its newly refocused pipeline plan… A list of the world’s most expensive drugs recently appeared, from Reinsurance Group of America, and we thought that this would be a good time to show you how, and why, a swelling group of pricey orphan therapies has...
Select Comfort Corporation (SCSS), a company that designs, manufactures, markets, retails sleep number beds yesterday reported their first quarter 2017 financial results. Select Comfort reported first-quarter earnings of $0.56 per share which beat analyst expectations of $0.46 per share. Select Comfort reported first quarter revenues of $393.9 million which beat analyst expectations of $370.2 million. Select Comfort Corporation CEO’s Comments “Consumers are responding enthusiastically to our brand and differentiated products. Our investments over the past few years have made us a stronger competitor and this is evident in our first qua...
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.07305 Opening: 1.07114 Chg. % of the last day: -0.21 Daily range: 1.07078 – 1.07475 52-week range: 1.0366 – 1.1616 Yesterday, the correction was observed on EUR/USD. At the same time, the price kept a round level of 1.07000, which caused a further growth of the single currency. At the moment the EUR/USD quotes have overcome local resistance 1.07350. The attention is focused on the first round of the presidential elections in France, which will be held on April 23. The MACD histogram is in the positive area and continues to rise, indicating fu...
For the first time in the last five quarters, IBM (NYSE: IBM) missed revenue expectations for the quarter. The market is understandably unhappy, and the stock has plunged more than 5% in the after-hours trading session. IBM’s Financials This was also the 20th consecutive quarter that IBM posted a revenue decline. Revenues for the first quarter fell 3% to $18.16 billion compared with the Street’s forecast of $18.396 billion. Adjusted earnings of $2.38 for the quarter were better than the Street’s estimates of $2.35. The earnings beat was driven by IBM’s continued drive to manage costs. Operating expenses reduced by 20% in the quarter,...
Introduction Finding attractive investments in the dividend growth space has become a real challenge in today’s overheated market. This is especially true if you limit yourself to looking in the obvious places. Simply stated, you won’t find any bargains today in the Procter & Gambles, Johnson & Johnson’s and Coca-Colas. In other words, the flight to quality and quest for yield has driven the classic Dividend Aristocrats and Champions to lofty valuation levels. Perhaps even more importantly, you won’t find a lot of growth potential with the blue-chip stalwart dividend growth stocks either. Here I am referring to both capita...
The Philly Fed Business Outlook Survey declined again but remains firmly in expansion. Key elements likewise declined. Analyst Opinion of the Philly Fed Business Outlook Survey There is continuing significant strength in this survey from new orders even with the decline. Note that last month, Federal Reserve data shows manufacturing declined and the regional fed surveys all said manufacturing improved. This is a very noisy index which readers should be reminded is sentiment based. The Philly Fed historically is one of the more negative of all the Fed manufacturing surveys but has been more positive then the others recently. The index moved fr...