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Funds Rolling The Dice Shorting Corn . The Corn & Ethanol Report
Today 13:56 EDT
On the Ethanol front, more countries continue to push the dream in the future of net-zero to very low carbon emissions.
Ford Stock Finds Support After Breakout: A Technical Analysis
Today 13:43 EDT
Ford shares just broke out of an ascending triangle pattern and are now looking to test old resistance to see if they can find support.
A Pavolovian Response
Today 13:31 EDT
Steve Sosnick, Interactive Brokers’ chief strategist, discusses the Chinese market sell-off and the investment climate for "buying-the-dip", which has become a Pavlovian response.
Dow, S&P 500 Surge to Record Levels
Today 13:19 EDT
The major benchmarks brushed off disappointing economic data -- including worse-than-expected second-quarter gross domestic product (GDP) -- to nab record levels this afternoon.
Fed: Powell’s Dovish Comments Might Not Be the Whole Truth
Today 13:08 EDT
Powell’s stance increased investors’ optimism, though the narrative sounds like a broken record. Meanwhile, the tapering clock may already be ticking.
Apple Rides High Across All Categories
Today 12:57 EDT
Apple expects double-digit growth in the current quarter, but with demand constraints, that growth is expected to create a backlog in the year, and build a more sustained growth trajectory in the...
State Oddities and Claims
Today 12:45 EDT
The most recent print saw an improvement with claims falling to 400K. That compares to expectations of a drop back below 400K to 385K.
Price action shows trading above the 100-day EMA confirming the recent shift to the upside. This uptrend may ensue if prices manage to close the week above 7100.00.
Nominal GDP before inflation increased 3.1%, while real GDP for the 2nd Quarter increased 1.6%. The real annual rate of growth was thus 6.5%.
Weekly Unemployment Claims: Down 24K
Today 12:09 EDT
This morning's seasonally adjusted 400K new claims, down 24K from the previous week's revised figure.
Yields Rocked By Surprise Apple Bond Issuance
Today 12:00 EDT
Shortly after the disappointing GDP report which sent yields sliding, Apple announced a four-part, back-end loaded debt issuance offering of paper due 2028, 2031, 2051, and 2061 which clearly took the...
BioMarin Pharmaceutical Inc reported a 17% Y/Y increase in revenue to $501.7 million in Q2, beating the consensus of $448.8 million, attributable to Vimizim, Naglazyme, and Palynziq product revenues,...
Starbucks vs. Coca-Cola: Which Beverage Stock is a Better Buy?
Today 11:41 EDT
The Coca-Cola Company in Atlanta, Ga., is the world’s largest beverage company, while Starbucks Corporation in Seattle, Wash., is a growing company in this space.
BEA Reports that Second Quarter 2021 GDP Grew at a 6.50% Rate
Today 11:31 EDT
In their first (preliminary) estimate of the US GDP for the second quarter of 2021, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +6.50% annual rate, up 0.22...
Initial Claims Continue Two-Month Stall
Today 11:21 EDT
Initial jobless claims declined 24,000 this week, but at 400,000 this was the 2nd week in a row starting with a “4” handle.
Tax-To-GDP Ratio: Comparing Tax Systems Around the World
Today 11:11 EDT
The tax-to-GDP ratio measures a country’s tax revenue, relative to the size of its economy (measured by its Gross Domestic Product, or GDP).
Shell (RDS.A) Q2 Earnings Beat Estimates, Starts Buyback
Today 11:01 EDT
Europe’s largest oil company Royal Dutch Shell plc reported earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) of $1.42.
Robinhood initiated with an Overweight at Atlantic Equities
Today 10:52 EDT
Atlantic Equities analyst John Heagerty initiated coverage of Robinhood with an Overweight rating ahead of today's initial public offering.
Citrix Systems Stock Slaughtered After Q2 Revenue Miss, Margin Contraction, Weak Q3 Guidance
Today 10:44 EDT
Citrix Systems Inc. reported second-quarter FY21 revenue growth of 2% year-on-year to $812 million, missing the analyst consensus of $845.97 million.
Gold price has accelerated its advance and hits fresh weekly highs at $1819, closing in on the critical 200-Daily Moving Average (DMA) at $1821.
Energy Report: Bull News Flow
Today 10:28 EDT
Fed Lets Market Down And Sinks Dollar
Today 10:24 EDT
The EURUSD pair initially reacted by dropping to 1.1770, but the market immediately reversed course and the dollar began to decline against all major currencies, including the euro. The key pair rose...
Merck Stock Falls As Q2 Earnings Lag Wall Street Estimates, Trimmed FY21 Guidance Below Consensus
Today 10:19 EDT
Merck & Co Inc Q2 sales reached $11.4 billion, +22% Y/Y, missing the consensus of $11.5 billion. Excluding the foreign exchange impact, revenues were up 19%, reflecting ongoing recovery from the...
Initial Jobless Claims Disappoint As The Number Of Americans On The Dole Rises Back Above 13 Million
Today 10:08 EDT
The number of Americans filing for first time jobless claims was worse than expected last week, at 400k (vs 385k expected). The silver lining is that this was a drop from the prior week's 419k.
Germany: Inflation Unchained
Today 10:05 EDT
German headline inflation made the expected summer jump in July, reaching its highest level since the summer of 2008. And there is more to come.
A Bullish Outlook For Investing In The Cyclical Rotation
Today 9:57 EDT
A discussion about market strategists, business executives, and financial advisors about important trends in the financial markets.
Comcast Stock Gains On Q2 Earnings Beat, Net Customer Addons, NBCUniversal Performance
Today 9:51 EDT
Comcast Corp reported second-quarter FY21 revenue growth of 20.4% year-on-year to $28.5 billion, beating the analyst consensus of $27.2 billion.
Nasdaq 100 Forecast: Chaos As Index Crashes Into 15,000
Today 9:46 EDT
The Nasdaq 100 gapped lower to kick off the trading session on Wednesday as traders continue to have a healthy respect for the uptrend line that had been tested during the previous session.
Nvidia Shares Boost After Increased Demand
Today 9:44 EDT
One of the companies that have had the best performance in the stock market during the last year is that of Nvidia.
3 Best Dividend Stocks To Buy With Yields Of More Than 5%
Today 9:40 EDT
Dividend paying companies with stable fundamentals are prominent bets now considering the market’s high volatility. Established stocks AT&T Inc., Vale S.A, and GlaxoSmithKline, each currently yield...