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  • Finance 0

    Price Target Update: Twitter

      For most of the past 15-20 years, the market has been flush with cash, and many stocks have traded at astronomical heights without real businesses to support them. In this exuberant market, fundamentals mattered little while momentum and technical rule the day. However, as excess liquidity dries up and global economic concerns weigh on the minds of investors, the reconciliation between cash flows and valuations has arrived. Now, fundamentals matter…a lot. Over the long term, it only makes sense to deploy capital into those businesses that actually generate adequate returns on invested capital (ROIC). Due to change in market mentality, ...
    On February 12, 2016 / By
  • Finance 0

    CyberArk Beats On Earnings And Revenue, Slips On Guidance

    CyberArk Software Ltd (CYBR – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.30 per share (excludes 2 cents from non-recurring items) and revenue of $51.5 million. Currently, CYBR has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. CyberArk:                                              1. Beat earnings estimates. The company posted an EPS $0.30, beating our Zacks Consensus Estimate of 0.17. 2. Beat revenue ...
    On February 12, 2016 / By
  • Finance 0

    EUR/USD To Face Larger Pullback On Dismal 4Q Euro-Zone GDP Report

    – Euro-Zone 4Q GDP to Expand Annualized 1.5%. – Euro-Zone Growth to Slow for First Time Since 2Q 2014. Trading the News: Euro-Zone Gross Domestic Product (GDP) The Euro-Zone’s 4Q Gross Domestic Product (GDP) report may produce near-term headwinds for the Euro as signs of a slowing recovery puts increased pressure on the European Central Bank (ECB) to further embark on its easing cycle at the March 10 meeting. What’s Expected: Click Here for the DailyFX Calendar Why Is This Event Important:The ECB may enlist more non-standard measures to further insulate the monetary union amid the disinflationary environment across the maj...
    On February 12, 2016 / By
  • Finance 0

    Divergence Of Opinion: Do Weekly Claims Signal No Recession?

    Jobs are well understood to be a lagging indicator, but economists cling to the notion that initial unemployment claims lead. Despite stress-free readings in initial claims, Economists, CEOs: say Recession Risk Rising. The Wall Street Journal calls this a “divergence of opinion“. The odds of recession in the next 12 months have climbed to 21%, double the level of a year ago and the highest since 2012, according to the average estimate in The Wall Street Journal’s monthly survey of economists. Economists at Bank of America Merrill Lynch peg the chance of recession in the next 12 months at 25%. Fed Chairwoman Janet Yellen said Thursday i...
    On February 12, 2016 / By
  • Finance 0

    JPM: “Things Have Gotten Out Of Control: People Have More Confidence In Gold Than In Paper Money”

    Following the biggest one-day surge in the price of gold since 2009, it is understandable that suddenly everyone who until recently was predicting the price of gold in the triple digits, or laughably explaining why “gold is doomed” wants to talk about the “pet rock.” As we showed earlier, already Goldman and Bank of America have opined with new and upwardly mobile “price targets”, while the scramble to obtain gold in a world drowning not only in negative rates but soon, cash bans, has already been unleashed. And yet, nobody summarized the sentiment quite as well as the “Global CIO & Head, Global ...
    On February 12, 2016 / By
  • Finance 0

    Dollar Remains Weak With EUR And Yen Trending Stronger

    Daily Forex Market Preview, 2/12/2016 The US Dollar continued to remain weak with the Euro and the Yen benefiting from the safe-haven flows. Janet Yellen’s second day of testimony did not offer much to the markets with the Yen touching a year low below 112 while EUR/USD was seen trading back above the pre-QE levels of 1.133. Gold prices also kept up the prices with $1250 handle being tested yesterday. US retail sales numbers and UoM inflation expectations are due today which could see further volatility coming into the markets. EUR/USD Daily Analysis EUR/USD (1.13): The Euro remains bullish against the Dollar, after breaching the 1.13 handl...
    On February 12, 2016 / By
  • Finance 0

    Risk Off – Financial Review

    Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 254 = 15,660 SPX – 22 = 1829 NAS – 16 = 4266 10 Y – .06 = 1.64% OIL – .17 = 27.28 GOLD + = 50.10 Thursday was a bad day for global stock markets. Markets in Hong Kong opened for the first time this week and had their worst start to a lunar new year since 1994, falling 3.9 percent, adding to a 12% plunge since the beginning of the year. The MSCI Asia Pacific excluding Japan Index lost 2.2 percent. The Europe Stoxx 600 dropped 3.6%. In her testimony to Congress, Federal Reserve Chair Janet Yellen was not certain whether she had the legal autho...
    On February 12, 2016 / By
  • Finance 0

    So, How You Doin’?

    Back in October, we toyed with the notion that, if the U.S. economy was headed into recession, sector rotators might do better by moving capital into best-of-class ETFs (“Recession –Testing Your Portfolio”). As of today, no recession has yet been declared but we’re certainly seeing a stock market top in our rear-view mirrors. A downslope in equities, as you can see in the graphic below, is a typical recession precursor. At this stage, we ought to be seeing outperformance in consumer non-cyclical stocks (remember, we waved off health care as an early bear sector in our October 5 article).  So, how have staples held up in the past trim...
    On February 12, 2016 / By
  • Finance 0

    Watch Out! Negative Interest Rate Policy Is Coming To The US Sooner Than Later

    Last August, Runnymede Capital warned our readers that a financial hurricane was coming. Over the past six months, the stock markets around the world tumbled and the US has followed suit in 2016. Our clients, who gave us permission to raise cash reserves, were fortunate and their assets were protected. Today, we are sounding off another BIG alarm that the banks are planning to take principal out of your bank deposits. Most Americans don’t know that the Central bank is not an agency of the US government but a privately owned banking cartel. It is owned by the banks which are members of the Federal Reserve. No one knows how much of the syste...
    On February 12, 2016 / By
  • Finance 0

    Crushing The “Oil’s Just A Supply Issue” Meme In 1 Painful Chart

    Day after day we are told that the plunge in oil prices (just like the collapse in The Baltic Dry freight index) is a “supply” issue… it’s transitory and global demand is doing fine thank you very much. Sadly, as everyone really knows deep down inside their Keynesian hearts, this is utter crap and as Barclays shows the shocking 18% YoY crash in distillates “demand” – something that has never happened outside of a recession – blows the one-sided argument of the energy complex out of the water. Still gonna claim “it’s a supply issue?”...
    On February 12, 2016 / By