OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 -0.11%) are up +0.05% on signs of increased M&A activity as Dow Chemical and DuPont are both up more than 5% in pre-market trading after people with knowledge of the matter said the companies are in late-stage merger talks. European stocks are down -0.18% at a 1-1/2 month low due to weakness in commodity producers and miners as Anglo American Plc plunged nearly 10% to a record low. A larger-than-expected decline in German Oct exports also weighed on European equities. Losses were contained as automakers rose, led by a 4% jump in Volkswagen AG, after the carmaker said the probe ...
Overnight market action has largely been a continuation of Tuesday’s key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday’s API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows. The top corporate news stories include Dow Chemical and DuPont which are said to be in late-stage merger talks, Yahoo scrapping its Alibaba spinoff, and Electrolux cutting jobs ...
Overnight market action has largely been a continuation of Tuesday’s key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday’s API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows. The top corporate news stories include Dow Chemical and DuPont which are said to be in late-stage merger talks, Yahoo scrapping its Alibaba spinoff, and Electrolux cutting jobs ...
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. I Know First wrote an article about General Electric on Aug 27th 2015. The article argued that the company’s stock was Bullish in the long term mainly because It is having strong corrections of regulations such as the one the company just underwent. Since that time, the stock price has increased 27%. General Electric Company...
Consumer discretionary stocks remain the top-performing US equity sector for the trailing 12-month period while energy is still caught in a bearish pattern. Meanwhile, the technology sector has perked up lately, inspiring some analysts to argue that positive momentum for this sector will push these stocks higher still. “Investors are starting to embrace some of the big-picture secular trends that will drive growth in these companies for years to come,” Lew Piantedosi, at Eaton Vance Management tells Bloomberg. “Even though the group’s done pretty well, I think there’s a long way to go.” The Technology SPDR ETF (XLK) has climbed ...
As a trader, the recent news from OPEC in Vienna, Austria will be a breath of fresh air to you. If you were bullish on oil as an investment opportunity over the long-term, there’s nothing for you to worry about. If you are bullish on oil as a short-term investment opportunity, you may be somewhat disappointed by the recent decision by OPEC to continue pumping 31 million barrels per day. However, the trading arena presents opportunities aplenty and not all of them are linear. You could for example trade oil on the downside by placing put options on black gold. This would yield a favorable outcome for you over the short to medium-term given ...
On Wednesday Synthetic Biologics (SYN) announced that they had obtained positive phase 2 results in patients with Irritable Bowel Syndrome — IBS. More specifically it is is Irritable Bowel Syndrome with Constipation — IBS-C. The compound that the company is using to treat these patients with IBS-C is known as SYN-010. The trial was primarily looking at whether or not SYN-010 could reduce the amount of breath methane at either day 7 or day 28. The results were nothing short of amazing because both doses of SYN-010, 42 mg and 21 mg lowered breath methane at day 28. Only the higher dose of 42 mg improved breath methane at day 7. Al...
As of January 1, 2016, Switzerland is handing over the names of everyone who has anything stored in its Swiss freeport customs warehouses. For decades, people have stored precious metals and art in Swiss custom ports — tax-free — as long as they did not take it into Switzerland. Now any hope on trusting Switzerland is totally gone. That’s right — the Swiss handed over everyone with accounts in its banks. Now, they must report the name, address, and item descriptions of anyone storing art in its tax-free custom ports. This also applies to gold, silver, and other precious metals along with anything else of value. Back in 1986, the FBI...
The US dollar continues its mixed performance. The fragile stability of commodity prices today is not lending much support to the Australian and New Zealand dollars though the Canadian dollar is flat after yesterday’s slide. The euro has pushed above $1.09 for the first time this week. We had suggested a $1.08-$1.10 range would likely dominate this week.Technically, it appears poised to test the upper end of that range. Stops above the $1.1010 retracement objective could carry the euro toward $1.11. Sterling had a deeper retracement of last week’s gains but is also recovering today after finishing the North American sess...
Introduction Although getting valuation right before you buy a stock is critically important to the long-term oriented retired dividend growth investor, it is not a short-term market timing concept. My point is that short-term market movements are typically volatile and unpredictable. The reason is simple. Over short periods of time, which I define as less than a business cycle (3- 5 years), emotion has a major effect on stock prices. When dealing with common stock investments, the primary emotions that interfere with reason are fear and greed. However, there are also subtle nuances associated with these primary emotional responses. For exa...