Shares of Yahoo (YHOO) are in focus in early trading after the company unveiled its executive team that will remain after its core assets are sold to Verizon (VZ). EXECUTIVE TEAM: In a regulatory filing this morning, Yahoo said that board member Thomas McInerney will serve as the company’s chief executive officer when the Verizon deal closes, while Alexi Wellman will take on the chief financial officer role. Current Yahoo CEO Marissa Mayer will remain in her role until the deal’s closing, upon which the company will be change its name to “Altaba”; at the same time, Mayer will step down from the company’s board of...
The French elections are less than a month away, and so far, the uncertainty is just increasing by the days, which likely to lead to higher volatility ahead. The recent polls show that the nationalist Marine Le Pen is promising to hold a referendum on taking France out of the Euro. Investors are focusing on the process, and more importantly, they are concentrating on the polls. In the meantime, the uncertainty is rising as the nationalist candidate it calling for a referendum to leave the Euro. However, even if she manage to win the election, there is a long process to hold such referendum. How Strong Is Le Pen? If she wins, the president in ...
The Federal Reserve would like to raise target interest rates because of inflation concerns and concern that asset bubbles are forming. Part of the concern seems to be rising oil prices, compared to their low level in early 2016. A finite world does not behave the way most modelers expect. Interest rates that worked perfectly well in the past, don’t necessarily work well now. Oil prices that worked perfectly well in the past don’t necessarily work well now. It seems to me that raising interest rates at this time is very ill advised. These are a few of the issues I see: [1] The economy is now incredibly dependent upon rising debt to prop ...
I’m a chartist, so I don’t normally make a habit of shorting stocks that have just a few days of historical data. I made an exception for SNAP, however, since everything – – everything!! – – about this company screams “ridiculous overvalued bubble”, including, but not limited to, Evan Spiegel’s smug little cleft-chinned face on every magazine cover including, importantly, Time: I’m a pretty big believer in the “Cover Curse”, but that normally applies to such business magazines as Forbes, where public stocks tend to be the dominant topic of conversation: (I’ll note, regarding the above cover, that the stock immedi...
3 notable companies report earnings this week – retailer Tiffany & Co. (NYSE: TIF), technology company Oracle Corporation (NYSE: ORCL), and consumer goods company Williams-Sonoma, Inc. (NYSE: WSM). Written by Timothy McIntosh (TheDividendManager.com) 1. Tiffany & Co. (NYSE: TIF) Tiffany & Co. will report earnings before the opening bell on Friday, March 17. The jewelry company is expected to report quarterly earnings of $1.37 per share, which would be lower that last year’s result of $1.46 per share…[and has already reported that it expects slower sales in 2017 but has recently recruited several new members to...
US $ Index 4-hour View [last 101.26]:Nope. The dollar index could not get through the 102.26 area defined as key resistance. Now breaking lower in what could be a multi-day move lower. We are now labeling the rally as a zig-zag corrective pattern in place, now in minor [c] of 2 lower… watching for support in the 100.50-20 area… below there and concern for a much deeper move lower builds…...
WTI Crude Oil The WTI Crude Oil market rallied at the beginning of the Friday session, but found the $50 level to be too resistive. That’s not a huge surprise, as it is a large, round, psychologically significant number and of course have been supportive in the past. The fact that we fell late in the session and broke below the bottom of the range for Thursday shows that there is even more weakness in this market, and I believe that every time this market rallies short-term, it is a selling opportunity going forward. Ultimately, I think that the market should continue to reach towards the $45 level underneath as it has been support in the p...
Photo Credit: Vernon Chan/Flickr.com The foodtech market in India once attracted considerable funding as it was considered promising. However, the market has now become overcrowded and price wars as well as weak logistics and delivery infrastructure are taking a toll on the industry. In 2016, over 37 foodtech startups in India shut down while nine were acquired. Former Billion Dollar Unicorn Club member Zomato had to slam the brakes on its heavy spending on acquisitions and focus on its unit economics. Zomato’s Journey Gurgaon, India-based Zomato was founded in 2011 by IIT graduates Deepinder Goyal and Pankaj Chaddah. The idea of Zomat...
Last week, I discussed the “World’s Most Deceptive Chart” which explored the deception of “percentage” versus actual “point” losses which has a much greater effect on both the real, and psychological, damage which occurs during a bear market. To wit: “The problem is you DIED long before ever achieving that 5% annualized long-term return. Outside of your personal longevity issue, it’s the ‘math’ that is the primary problem. The chart uses percentage returns which is extremely deceptive if you don’t examine the issue beyond a cursory glance. However, when reconstructed on a point gain/loss basis, the ugly trut...
This week is opening up to what looks to be a considerable amount of excitement on the horizon, at least for global markets. The economic calendar is loaded with Central Bank announcements this week, including a Fed meeting that’s expected to bring only the third rate hike out of the United States in the past 10 years; but we’re also seeing quite a bit of movement on the political-front as Theresa May might finally gain the ability to trigger Article 50 as early as Tuesday, with Dutch elections taking place the following day on Wednesday. And even outside of those drivers – markets are putting in some fairly interesting moves as Oil p...