The latest research from the ZUBR derivatives exchange published on 29 June showed that retail investor participation is increasing despite the longstanding argument that institutional adoption would be necessary to propel crypto prices upwards With the recent halving being a distant memory and the price of Bitcoin (BTC) remaining atRead More →
Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume. Crypto market weekly price chart. Source: Coin360 AsRead More →
Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts out African Americans. Jackson spoke to Cointelegraph on June 4, saying he welcomed pictures on socialRead More →
Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving. According to data published by independent crypto researcher Kevin Rooke, Grayscale has added 18,910 BTC to its Bitcoin Investment Trust since theRead More →
© Reuters. Egypt issues new rules on buying treasury stocks in bid to support market CAIRO (Reuters) – Egypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market following a sharp fall in world marketsRead More →
3 Gold Stocks With Recent Insider Buying (And Selling) Insider buying in the gold mining sector has died down a bit with gold prices surging; however, there are still a few companies whose insiders have been accumulating shares. I typically provide an update on insider buying in the gold/silver sectorRead More →
Synopsis Cerence (CRNC) is composed of its dominant, extremely profitable, low-to-mid single digit growth Edge business, and its nascent, rapidly expanding, likely loss-making Connected Services segment. Cerence currently trades at around $21.50 per share. I estimate that the Edge business is worth approximately $13-20 per share. I advise that CerenceRead More →
You can always count on a blowoff in the stock market to bring out the most creative and sincere of rationalizations. Most often we hear something along the lines of, “it’s a liquidity-driven rally,” suggesting that monetary policy is forcing stock prices higher. This is one we have heard notRead More →
Every now and then the most important part of the quarter is not the earnings. That was definitely the case for Contango Oil & Gas (MCF). The company replaced its credit agreement with a new 5-year agreement while management went on a shopping spree. The replacement of the credit agreementRead More →
Planning to sell a home in Raleigh, N.C.? There’s a decent chance that an “iBuyer” will purchase it. Raleigh had the largest share of homes bought by companies that use technology to make instant offers on homes. Nearly 7% of homes sold in Raleigh in the third quarter of 2019Read More →
Crane (CR) has announced a bolt-on deal just ahead of Christmas as it is acquiring a smaller unit from its peer CIRCOR International (CIR). While the company of course tried to acquire the entire company earlier this year, it is now trying to acquire smaller segments of Circor and continuesRead More →
Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike. But that’s assuming experts’ forecasts are right. “If interest rates go up 100 basis points, we’ll be off,” DougRead More →
PARIS (Reuters) – Airline group Air France-KLM (PA:) said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines (N:). Air France-KLM also said in a statement it would continue final preparations toward theRead More →
In my recent article about Hermitage Offshore (PSV), I noted that Scorpio, the company’s main shareholder, bought 509,783 common shares at the price of $0.89 per share at the open market and fueled a near-term momentum trade. As it turned out, Scorpio did not stop on this purchase and continuedRead More →
Spirit Airlines Inc. (NYSE:SAVE) calls itself an “ultra-low cost carrier” with over 600 flights per day to 75 destinations primarily in the United States with operations in the Caribbean and Latin America. The company’s strategy has been to compete on pricing supported by a high aircraft utilization and high seatRead More →
By David Shepardson WASHINGTON (Reuters) – California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016Read More →
In this article, we examine the significant weekly order flow and market structure developments driving XLF price action. As noted in last week’s XLF Weekly, the highest-probability path for this week was for price discovery higher. This primary expectation did not play out, as balance developed early week around lastRead More →
I’m not a snob. Ask anybody. Well, anybody who matters.”― Simon Le Bon No real discernible progress was made on ‘Phase 1’ of a trade deal between China and the U.S. this week despite many comments that the agreement might be ‘near’. Most of the media’s attention was focused onRead More →
In this article, we examine the significant weekly order flow and market structure developments driving XLE price action. As noted in the XLE Weekly, the primary expectation for this week’s auction was for price discovery higher, barring failure of 59.87s as support. This week’s primary expectation did not play outRead More →
© Reuters. By Geoffrey Smith Investing.com — There are always risks to trading an election campaign, but it’s hard to see the dip in BT and Talk Talk shares on Friday as anything other than a buying opportunity. BT Group (LON:) fell as much as 4% and smaller rival TalkRead More →
By Rajendra Jadhav MUMBAI (Reuters) – Indian refiners have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a $5 per tonne discount over supplies from rival Indonesia, five traders told ReutersRead More →
Craving a Snickers or Hershey’s HSY, -2.09% chocolate during your three o’clock slump? Think again. The U.S. Food and Drug Administration issued a final rule on Friday to revise font sizes used in calorie labeling on food sold in glass-front vending machines. It requires that calorie labels’ type size shouldRead More →
Workday (WDAY) has been through a rather volatile year so far, wit the stock up as much as 40% to $225 in July, now down to under $160. After their recent analyst day this past week, the stock took another big hit, trading down over 15% the following few days.Read More →
(Photo by Artificial Photography on Unsplash) Macy’s (M) is the best bet in a struggling retail sector. Despite a prolonged downtrend in the share price, there remain reasons to be bullish. The stock appears to be trading at or near fair value and has an excellent dividend yield, so buyingRead More →
(Source: imgflip) Each week, I make one purchase of a dividend stock for my retirement portfolio that is designed to meet my goal of maximizing safe income over time. The dream is to be able to live off 40% of my portfolio dividends, meaning 50% of post-tax dividends. The halfRead More →
