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Twitter’s Demise Continues
It seems that Twitter (TWTR) has been under siege by an army of bears. The company has desperately tried to solve its user growth problems ever since its 2013 IPO. For a while, it was able to distract shareholders from those problems by ramping up its revenue generating activities, but now it seems that no amount of revenue and earnings growth will make up for what Twitter lacks: a future. The latest quarterly results are proof of that. Let’s take a look at the highlights: Earnings per share came in at $0.16, a 33% increase from last year and beating the consensus by $0.04. Revenue was $710 million, which was in line with analyst exp... -
Finance 0
Oil And Metals Join The Risk Rebound While Gold Loses Out
Gold declined from 1250 area to around 1210 today as risk assets staged a recovery in Asia. After a week-long holiday, China market reopened with a 0.3% higher CNY mid-point set by the central bank PBoC. This momentous appreciation and dip buying interests propped up equities in the region, which hammered gold as a safe haven asset. Nikkei rallied 7.16 percent while Hang Seng jumped 3.27 percent. A prolonged Asia risk-on mood will restrict gold gains in the days ahead. Oil price jumped with both WTI and Brent reaching $30 in another volatile day of market positioning. U.S. CFTC report released today showed that money managers stacked the m... -
Finance 0
Will Draghi Hit EUR/USD When It’s Down?
Markets are cheerful, ignoring reasons not to be cheerful such as a contraction in Japan and poor Chinese trade data. Does this imply more stimulus that markets love so much? A testimony by ECB President Mario Draghi is the big event for today. This testimony could be different: EUR/USD is down on the better market mood (no need for safe havens) and this time, Draghi has the backing of the Bundesbank for action. Will he push the pair even lower? t has already fallen nearly 200 pips from the highs. Wrap up of the morning show for February 15th 2016: Video Length: 00:06:10... -
Finance 0
Alphabet Stock A Good Long Term Bet Post Q4 Earnings
Alphabet, previously Google, reported healthy Q4 2015 earnings that topped analyst estimates. Google’s core ad business saw a resurgence in growth aided by the company’s change in ad format. Alphabet’s non-core projects continue to be a drain on the company’s profitability though Google’s capex spending on these businesses has slowed down considerably. Alphabet stock appears well primed for long-term gains. Alphabet Inc-C (Nasdaq:GOOG), previously known as Google, surged more than 8% in after market trading after the company delivered a healthy earnings beat in its debut earnings call on . Alphabet reported ... -
Finance 0
Gold’s Bull/Bear Status
The time tested proverb “A gold mine is a hole in the ground with a liar at the top” is generally attributed to Mark Twain, although he may have just popularized it. The last few years, he has a lot of company in feeling that way. Other than the coal miners, gold miners have probably been the most despised stock sector on earth the last 3 years. But then along comes the surprise January beat down in the stock market, and gold is showing some signs of life. A passing two month start-of-the-year blip some are saying, just like the start of every year since 2011, except for 2013, the crash year for gold. But there are some big di... -
Finance 0
Technology Feels The Sting Of FANG: 4 Mutual Funds To Avoid
Hogging the spotlight in 2015, with an average return of 86%, Facebook, Inc. (FB), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX) and Alphabet Inc. (GOOGL) – more popularly the FANG stocks – have lost their edge this year. Facebook, Amazon, Netflix and Alphabet have lost 3.5%, 27.4%, 22.7% and 9.2%, respectively, in the year-to-date frame. In fact, the downtrend in these stocks has played a crucial role in dragging the Nasdaq, which is by structure tech heavy, deep into the red. The underwhelming performance of the FANG stocks has naturally taken a significant toll on the technology mutual fund category, which has plunged 16% so far this y... -
Finance 0
Global Stocks Soar On Stimulus Hopes After Miserable Chinese, Japanese Data; Short Squeeze
Bad news is once again good news… for stocks that is. After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, and said there is no basis for further Yuan devaluation, something the PBOC has consistently implied over the past year, despite two sharp devaluation episodes. That said, for Xiaochuan to break a very long silence, shows i) just how serious the threat of devaluation for China is and ii) how eager the PBOC also is to jawbone risk higher. And while further devaluation is guaranteed, for now tr... -
Finance 0
President’s Day And Asian Woes
The external factors to today’s trading are multiple. The US markets closed sharply up on Friday, with the S&P futures index growing steadily. Oil quotes are continuing to rise. Last Friday saw a sharp jump in oil prices after the UAE stated that OPEC members are ready to cooperate regarding a possible reduction in oil production. However, the words of the oil ministry for the Arab Emirates may just be words to give some support to prices, with the cartel not even considering the implementation of any measures. From a fundamental perspective, there are no reasons for us to see a rise in prices and so the quotes could easily switch and s... -
Finance 0
E The Week In Review: How To Catch A Wave And Do Some Surfing
A week in review video for last week. (Video Length: 00:18:10)... -
Finance 0
USD/JPY Pair Falling More Than 4%
The US dollar went through a sharp increase against its Yen counterpart on Friday, putting a stop to the four-day decay when the USD/JPY pair fell more than 4% due to the fact that investors turned to the safe-haven represented by the Japanese currency. The duet went through a wide range between 111.72 and 113.55 before closing the session at 113.22, meaning a 0.71% gain for the day. This came after Thursday’s 15-months high for the Yen against the USD at 110.98, as the crude bottomed to 12-years low with reluctance growing against risky, high-yield bonds. Looking back to the first two weeks of this months, there were only two sessions ...
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