The Internet of Things (IoT) term refers to the connection of previously unconnected things to the Internet, so that they can collect data or automate processes, and the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025 according to an IHS forecast. Today we have identified 5 IoT stocks that are in the business of selling and/or manufacturing the hardware, software, and comprehensive solutions. The stocks on our list have surged as high as 94% year to date and show no signs of slowing down. Written by SmallCapPower.com 1. Lantronix Inc. (Nasdaq: LTRX)Commun...
The pharma giant’s Novartis (NYSE: NVS) Institute of Biomedical Research now has the exclusive license to use Parvus Therapeutics’ platform for diabetes, coming in with an unspecified package of milestones, an upfront, research support and an equity stake to seal the deal. Written by John Carroll Parvus has been operating for the last few years on about $20 million in research grants and $5 million in angel investments with a few full-time staffers to guide the work being done in Pere Santamaria’s lab at the University of Calgary. Santamaria, the CSO and founder at Parvus, was running an imaging experiment using nano-sized bits of iro...
Japanese adjusted trade balance tumbles over 500 billion yen in March (after surging around 500 billion yen in February) as lunar new year effects washed out and left the lowest trade surplus since January 2016. Exports (up 12% YoY) and Imports (up 15.8% YoY) both soared at the fastest pace in years. Japan’s exports expanded for a fourth consecutive month in March, supporting a moderate economic recovery, according to data released by the Ministry of Finance on Thursday. Under the surface it was all China… Exports to the U.S. increased 3.5 percent from a year earlier. Those to the EU rose 1.4 percent. Shipments to China, Japan’s ...
The Fed’s Beige Book, a summary of economic activity in 12 Fed regions, claims modest wage increases broadened, manufacturing expanded, and light vehicle sales strengthened. Let’s investigate those claims in detail, emphasis mine, then do a reality check on those ideas. Overall Economic Activity Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and the end of March, with the pace of expansion equally split between modest and moderate. In addition, the pickup was evident to varying degrees across economic sectors. Manufacturing continued to expand at a modest to moderate pace, although grow...
American Express Company (AXP – Free Report) released its 2017 first quarter financial results, posting earnings of $1.34 per share and revenues of $7.9 billion. Currently, American Express is a Zacks Rank #3 (Hold) and is up 2.38% to $77.40 per share in trading shortly after its earnings report was released. Beat earnings estimates. The company posted earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.28 per share. Beat revenue estimates. The company saw revenue figures of $7.9 billion, just topping our consensus estimate of $7.7 billion. In Q1, American Express saw a 13% decline in net income and 2% drop in reve...
Shares of U.S. Steel (X) closed lower, along with the price of crude oil. With U.S. Steel’s prospects so closely tied to crude prices, shares of the steel maker fell with the drop in crude, after stockpiles dropped less than expected in the latest week. U.S. oil prices almost 4% percent Wednesday with an intraday low of $50.28 per barrel. JOINED AT THE HIP WITH CRUDE: The rate of oil and gas production in the U.S.is closely aligned with U.S. Steel’s Tubular Products sales. The Tubular Products unit produces and sells seamless and electric resistance welded steel casing and tubing known in the industry as, oil country tubular goods...
The more I look back the more I am convinced that this version of “reflation” was born Japanese. It all seemed to turn around in early July 2016, the very week that whispers of the, for some, long-sought “big one.” It was all over the financial press all around the world. Having gone as far as negative rates (NIRP) and finding only different ways to screw up, the Bank of Japan was firing up the helicopter at long last. The “deflationary” mindset which economists especially over on that side of the Pacific blame for more than a quarter-century of literally unbelievable stagnation might finally be vanquished. Even in more measured q...
Yesterday, we explored the myths and truths of the old Wild West and the current Wild Market. Back in the day, rowdy frontier towns gave rise to saloons, which in turn gave rise to the “saloon girl.” The “saloon girl,” had many dfferent names, most with connotations of ill-repute. Nonetheless, saloon girls were hired to work. These jobs offered women a rare job outside of housework. (Besides the point, but interesting.) Our girl in the photograph is a dance hall girl. Hired to dance with the male patrons, each “turn” lasted about fifteen minutes. Dance hall girls might have 50 dances a night. The market seems to have hired its sha...
Today I wanted to find 5 Mid Cap stocks that would be of interest to Momentum Investors. I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. It just so happened that the best 5 were all REITs. Today’s Watch List includes: Healthcare Realty Trusts (HR), Omega Healthcare Investors (OHI), Duke Realty (DRE), Medical Properties Trust (MPW) and Senior Housing Properties Trust (SNH). Healthcare Realty Trust Barchart technical indicators: 96% technical buy signals Trend Spotter signal Above its 20, 50 and 100 day...