Content
Fed Dismisses Weak Data To Posture For Another Rate Hike
Video By:
Peter Schiff
Watch
Saturday, May 6, 2017 6:48 PM EDT
Markets are pricing in a 100% chance of a rate hike by the Federal Reserve in June but still remains extremely accommodative in monetary policy.
Biotech Bonanza – Approaching An Inflection Point
Article By:
Tarun Chandra, CFA
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Saturday, May 6, 2017 6:42 PM EDT
Biotechs are performing well this year even in an uncertain environment. Policy clarity is important and we may be approaching an inflection point for them to push higher. Investors should maintain exposure to this volatile but promising sector.
Zynga Inc. (ZNGA) Matches Q1 Earnings Estimates, Stock Soars On Bookings Outlook
Article By:
Zacks Investment Research
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Saturday, May 6, 2017 6:08 PM EDT
Zynga Inc. released its first-quarter financial results, posting a loss of 1 cent per share and revenues of $194 million. Mobile revenue and bookings were the highest in its history, up 19% and mobile bookings up 27% year-over-year, respectively.
In this article: ZNGA
Deutsche Bank Explains How You Can Get Off Citi’s “Sketchy” People List
Article By:
The Heisenberg Report
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Saturday, May 6, 2017 5:49 PM EDT
Much has been made recently about the plunge in the Citi Economic Surprise Index and to be sure, Citi thinks that may be much ado about nothing. More specifically, Citi thinks you’re “kinda sketchy” for even bringing it up.
In this article: SPX
Gold Prices Search For Support Post FOMC- All Eyes On France
Article By:
DailyFX
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Saturday, May 6, 2017 5:40 PM EDT
Gold prices fell for the third consecutive week with the precious metal down more than 3.15% to trade at 1227 ahead of the New York close on Friday. The decline marks the largest weekly loss since November, taking prices below technical support.
In this article: GLD
Market Recap – Investing In Stocks Means Companies, Not Politics
Article By:
Craig Birk
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Saturday, May 6, 2017 5:34 PM EDT
About two-thirds of U.S. companies have reported first-quarter earnings, up an estimated 13.9%. This means that on a trailing basis, despite strong returns in the last two quarters, stocks are actually cheaper than they were six months ago.
Hedge Funds Just Liquidated The Most Oil Longs Ever
Article By:
Tyler Durden
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Saturday, May 6, 2017 5:29 PM EDT
When one of the world's largest oil hedge funds announced it had liquidated its entire long position, we suggested he would not be alone... and according to the latest CFTC data, he was not.
Week In Review: Ping An Announces $1 Billion Fin-Tech/Healthcare VC Fund
Article By:
ChinaBio® Today
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Saturday, May 6, 2017 5:13 PM EDT
Ping An Insurance Group, China's largest insurer by market value, announced plans to launch a $1 billion international fund that will invest in fin-tech and healthcare startups. Ping An is already a player in the fin-tech area with Lufax.
A Weak Record Close
Article By:
Lance Roberts
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Saturday, May 6, 2017 5:04 PM EDT
Despite the record close on Friday, it did little to change the intermediate term backdrop of the markets. The “warning signal” I discussed three weeks ago, still remains which is currently keeping a lid on stock prices for now.
Bull And Bear Markets And U.S. Large-Cap Stocks Valuations
Article By:
Richard Shaw
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Saturday, May 6, 2017 5:00 PM EDT
The current Bull market is the second longest with the second largest cumulative gain since 1900. In another 16 months, if it continues as according to the “Street” consensus, it will be the longest running Bull since 1900.
Indexing Investment Strategy Becoming Increasingly More Risky?
Article By:
David Templeton
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Saturday, May 6, 2017 4:37 PM EDT
With indexing, and specifically the S&P 500 Index, its market cap approach to weighting its constituents, is pushing the strategy towards an ever more risky one in my mind. Often, what runs up up in price often times falls prey to mean reversion.
A Tale Of Three Indices
Economic Data And Forecasts For The Weeks May 8 And May 15
Article By:
Peter Morici
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Saturday, May 6, 2017 4:25 PM EDT
Here are my forecasts for upcoming economic data including important releases like the Producer Price Index, Core CPI and Retail Sales.
