TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The Indian gaming industry has seen tremendous growth opportunities over the last decade, but very few options were available to public investors. One new such opportunity is Bingo Nation (BLTO). While basically in start-up mode, Bingo Nation has gotten a lot of media attention for an innovative new bingo related game. The question now is whether the company can crack the opportunity in the large Indian gaming sector? Huge Indian Gaming Market Back in 2014, the Indian gaming market was estimate...
Trump Tweet Clips Biotech Rally-Drug Pricing Rhetoric Clouds Prospects Again “Trumpcare” Introduction Creates Uncertainty for Healthcare Stocks Just as investors were becoming more enthusiastic with biotechnology investing, a barrage of tweets and news stories regarding the ACA overhaul by Republicans cooled the market. We have been through this before and despite many analysts saying that drug pricing concerns are “baked-in” to stock prices a Trump tweet can still rile the market. And still more uncertainty for the healthcare sector was created by the initial announcement of the “Trumpcare” plan that has found many critics on...
Monetary policy is giving a fight against the growing influence of politics and now we face two key events for EUR/USD. Apart from previewing these events, we will bring you up to speed with recent movements, technical levels and also dive into the diving pound. Join me for a live market open, hosted by FXStreet: walking through recent developments and their impact on currencies, going through charts of majors, minors, and crosses, previewing the upcoming events and of course answering your questions. You can watch the live broadcast here, from 8:00 GMT. ...
The Organization for Economic Co-operation and Development, in its latest economic outlook released Tuesday, is warning that “the positive assessment reflected in market valuations appears disconnected from real economy prospects,” going on to caution: “the financial market response to the increase in rates … may not be smooth.” BNN.ca According to OECD estimates, Canada’s economy is projected to grow this year by 2.4%, (vs. 1.4% in 2016) equaling what’s now expected in the United States and ahead of the other Group of Seven countries (Germany being the next highest at 1.8% GDP growth) its world...
Tobacco stocks such as Altria (MO) and Philip Morris International (PM) have long been favorites for dividend investors seeking generous, secure, and steadily growing yields. However, with massive consolidation in the tobacco industry, courtesy of the secular decline in world smoking rates, the number of quality tobacco blue chips continues to decline. Vector Group (VGR) is now the highest-yielding tobacco stock trading in U.S. markets with a 7.6% dividend yield, and the company has even raised its dividend for 19 consecutive years. Is the stock’s high yield a signal that this relatively tiny ($2.7 billion market cap) cigarette provider...
After a challenging Q4 in 2016 in a context of rising bond yields and a stronger US dollar, gold seems to be getting its shine back in Q1. The technical picture is beginning to look a little more constructive and the “reflation trade”, spurred on further by expectations of higher infrastructure spending and tax cuts in the US, has thus far also benefited gold. From a technical perspective, there are indications that the low at $1045.40, incidentally printed just ahead of the first Fed hike in December 2015, was significant and now provides medium-term support as indicated by the price channel in the chart below. The zone provided signifi...
We discuss the API Report, and what it means for the Oil Market on Wednesday in this video. We blow through the previous Record High Oil Storage Levels Tomorrow! Video Length – 00:04:10...
The IMF’s Global House Price Index, an average of real house prices across 57 monitored countries, continues to climb. The index shows sixteenth consecutive quarters of positive year-on-year growth. However, house prices are not rising everywhere around the world. Three Different Paths Since 2000 National Index vs. Major Cities Price Divergences On Australia, IMF assessment points out that house price gains have moderated. However, the extent of cooling has varied considerably across cities. The strongest price increases continue to be recorded in Sydney and Melbourne, where underlying demand for housing remains strong. With house prices s...
In this month’s video, I look at key trends developing in global stock and bond markets. Chart review includes analysis of large-cap, small cap, emerging market, high yield, interest rates, and gold prices. Observations of risk and reward are noted throughout with an emphasis on caution for new money at this phase of the rally in stocks. Recorded on March 7, 2017. Video Length – 00:11:15 ...