Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to protecting ourselves from losses is to protect ourselves from ignorance. Think of the “World Out Of Whack” as your double thick armor plated side impact protection system in a financial world littered with drunk driver...
Dollar/CAD woke up from its range and jumped. The pair trades at 1.3487, some 100 pips up on the day. The next line of resistance is 1.3540, followed by 1.36. Support is at 1.3460 and 1.3380. The Canadian dollar is showing us that it is a commodity currency by reacting to the downfall in the price of the “black gold”. WTI Crude Oil dropped by some $2 to $50.38, or nearly 4% on the day. This is still within the recent ranges, but quite a drop. Why is oil slipping lower? The latest trigger comes from the weekly report on inventories. There were no surprises at the headline number and it even dropped by 1 million barrels. This should be goo...
CSX Corp. (CSX) is expected to report earnings today after market close. The whisper number is $0.44, two cents ahead of the analysts’ estimate and showing some confidence from the WhisperNumber community. A year ago the company reported earnings of $0.37. CSX has a 67% positive surprise history (having topped the whisper in 34 of the 51 earnings reports for which we have data). Earnings history: Beat whisper: 34 qtrs Met whisper: 3 qtrs Missed whisper: 14 qtrs Our primary focus is on post earnings price movement. Knowing how likely a stock’s price will move following an earnings report can help you determine the best acti...
There was this video from April 11th…… And then the inevitable follow-through……….. At this point, I’d appreciate it if he’d keep his mouth shut, or at least double down. UPDATE – this is from today. Sorry, bully boys....
BERKELEY HEIGHTS, N.J., April 19, 2017 (GLOBE NEWSWIRE) — Edge Therapeutics, Inc. (Nasdaq:EDGE), a clinical-stage biotechnology company developing novel hospital-based therapies in the management of acute, life-threatening conditions, today announced that Edge has entered into a subscription agreement for the sale of shares of its common stock in a registered direct offering with Satter Medical Technology Partners, L.P. and certain of its affiliated parties. Pursuant to the agreement, Edge has agreed to sell to the investors 1,800,000 shares at a purchase price of $10.00 per share with gross proceeds of $18 million. The proceeds from th...
CSX Corporation (CSX) is set to report quarterly earnings after hours. Analysts expect revenue of $2.76 billion and EPS of $0.43. The revenue estimate implies a 9% decline sequentially and a 5% increase Y/Y. Investors should focus on the following key items. Will Coal Continue Its Hot Streak? Declining rail traffic defined the economy last year. Rail traffic has been on a tear through the first quarter of 2017, and coal has led the way. Rail traffic is up 6% for the first 14 weeks of the year. For the week ending April 8, total rail traffic was up 7%, and coal and grain were up 29% and 26%, respectively. That bodes well for CSX which receives...
My daughter Rachel was in D.C. this past weekend attending a conference. So my wife Cecily and I hoofed it down from Baltimore and grabbed dinner with her and our son Nick. They started reminiscing about how back in the day you had just three TV channels. When the WB became available, they were ecstatic. They laughed. It seems so long ago, they said. “Three channels. How did we stand it?!” I kept quiet. Let them appreciate the perspective that comes with “old” age. (Both are in their early 30s.) I even refrained from bringing up the prehistoric days of black and white TV, wavy pictures and no remotes. You don’t miss what you don’t...
Real estate investors hope to get a quick return on their initial purchase. While multi-millionaires are often real estate moguls, is this a good investing strategy for the ordinary person? Regular folks don’t realize what being a landlord entails or the time-consuming and expensive problems that may arise. On this financial podcast, find out how to invest in real estate without having to be a landlord. Even more importantly, learn to diversify your real estate investments. Also, get a free tool to help you work out your STRATegic goals. Audio Length: 00:08:19...
Written by BNN.ca Loblaw Companies Limited (TSX:L) is selling all 213 of its gas stations across Canada for $540 million to Brookfield Business Partners (NYSE:BBU/TSX:BBU/UN) and its partners. The proposed deal is subject to certain conditions, but is expected to close in this year’s third quarter. Brookfield Business Partners, a unit of Brookfield Asset Management (NYSE:BAM/TSX:BAMa), says it sees potential for expanding the network of Loblaw-owned gas stations and associated kiosks after the deal closes. Cyrus Madon, CEO of Brookfield Business Partners, said in a statement Wednesday: “This transaction aligns with our strateg...
American Express (AXP) is expected to report earnings today after market close. The whisper number is $1.32, four cents ahead of the analysts’ estimate and showing confidence from the WhisperNumber community. Whispers range from a low of $1.27 to a high of $1.36. A year ago the company reported earnings of $1.45. Amex has a 56% positive surprise history (having topped the whisper in 27 of the 48 earnings reports for which we have data). Earnings history: Beat whisper: 27 qtrs Met whisper: 1 qtrs Missed whisper: 20 qtrs Our primary focus is on post earnings price movement. Knowing how likely a stock’s price will move follow...