The Federal Reserve seems on course to disappoint financial markets at some point this year, but maybe not this week. Starting early in 2019, the Fed has consistently moved in a market-friendly direction. The central bank cut rates its benchmark interest rate three time since July and started expanding itsRead More →
Earnings season is beginning to ramp up, and it will be one of the busiest weeks of the year thus far with six Canadian Dividend All-Stars scheduled to announce earnings. Three of which are expected to announce their yearly dividend raise. First, let’s look at what was an uneventful pastRead More →
A week that started with a coronavirus panic looks set to end on a high note. Earnings optimism and the fact that investors no longer seem to be panicking over the deadly China illness is helping. Wall Street has also been distracted by red-hot Tesla TSLA, +0.46% shares, up 12%Read More →
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly, the primary expectation for this week was for price discovery lower, barring failure of 62.22s as resistance. This expectation did play out as price discoveryRead More →
In this article, we examine the significant weekly order flow and market structure developments driving NG price action. As noted in last week’s NG Weekly, the highest probability path for this week was for price discovery higher barring 2.15s-2.08s failing as support. This probability path did not play out asRead More →
Long-dated U.S. Treasury yields edged higher Friday after the U.S. Treasury Department announced plans, as had been expected, to issue a 20-year nominal coupon bond in the first half of 2020 to finance a ballooning federal deficit that is nearing 5% of gross domestic product. However, yields have been little-changedRead More →
U.S. stock futures headed higher Friday morning, setting the three main equity gauges up for new records in just the third week of the year, after data showed China’s economic growth picked up in December, though annual growth was the weakest in about three decades. Gains have been mostly aidedRead More →
The commercial banking industry is doing okay. This week, the biggest banks will be beginning to report their 2019 results. The expectation is that the profit picture at the biggest banks will be good, but not overwhelming. The rest of the industry? They will do alright, but for the future,Read More →
This beverage is steeped in all kinds of health benefits. Research abounds about the benefits of sipping tea, which is the most popular drink in the world, after water. Previous research has linked drinking tea with lowering blood pressure, boosting the immune system, preventing cancer and increasing longevity — particularlyRead More →
Introduction The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than 5 years. This subset of the different portfolios I regularly analyze has now reached 139 weeks of public selections as part of this ongoing live forward-testing. In 2017, the sample size began withRead More →
Five IPOs plan to raise $444 million in the week ahead. Chinese apartment rental platform Phoenix Tree Holdings (DNK) plans to raise $164 million at a $3.1 billion market cap. Operating under the name Danke Apartment, the company operates 391,911 units in China. Close peer Q&K International (NASDAQ:QK) is downRead More →
House Speaker Nancy Pelosi said Friday she will take steps next week to send articles of impeachment against President Donald Trump to the Senate after failing so far to secure any concessions on the trial procedure from Republicans. “I have asked Judiciary Committee Chairman Jerry Nadler to be prepared toRead More →
Let’s begin the new year by looking at the summation of global economic events from the OECD (emphasis added): For the past two years, global growth outcomes and prospects have steadily deteriorated, amidst persistent policy uncertainty and weak trade and investment flows. We now estimate global GDP growth to haveRead More →
The economic calendar features the employment situation report at week’s end with a preview from the ADP on Wednesday. In my early WTWA preparation I expected some reallocation action by those returning from vacation, and a focus on employment as a key economic read. I still believe that both willRead More →
Welcome to the first edition of this year’s Canadian Dividend All-Stars – Expected Dividend Increases series. As a reminder, Canadian Dividend All-Stars are companies that have raised dividends for at least five consecutive years. Although there are no reporting All-Stars due to announce a dividend bump, investors could be treatedRead More →
Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with closeRead More →
In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. As noted in last week’s XLK Weekly, the highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 91.06s. This primary expectation did play outRead More →
Just one company began trading in the shortened week that marked the end of 2019. Three healthcare companies and a SPAC submitted initial filings. Chinese chemicals e-commerce firm Molecular Data (NASDAQ:MKD) priced at $5.38, below the midpoint of the $5 to $7 range, to raise $62 million at a $684Read More →
Deals and Financings Geneseeq, a Nanjing-Toronto company that offers genetic sequencing tests for cancer, completed a $114 million Series D financing led by China Reform Holdings Corporation (see story). Geneseeq uses next-gen sequencing to provide decision-making tools for physicians. The company describes its pan-genomic test as a precision medicine supportRead More →
In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. As noted in last week’s XLK Weekly, the highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 89.96s. This primary expectation did play outRead More →
In this article, we examine the significant weekly order flow and market structure developments driving XLU price action. As noted in last week’s XLU Weekly, the highest probability path for this week was for price discovery higher, barring failure of 64.06s as support. This week’s primary expectation did not playRead More →
U.S. Treasury yields came off their highs to close mostly flat on Thursday after brisk bidding for a debt auction in the afternoon, a sign that investors are still hungry for bonds despite worries that this year’s strong rally across all fixed-income assets have made their valuations expensive. With EuropeanRead More →
In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. As noted in last week’s XLK Weekly, the highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 88.40s. This primary expectation did play out,Read More →
U.S. stock indexes again set records Friday, after encouraging U.S. economic data and optimism about international trade deals helped end the decade’s last full week of trading on a high note. The benchmark S&P 500 index rose for seven of the last eight days and has now risen for fourRead More →
Just two micro-cap companies are expected to IPO as we enter the last week before the holidays. Micro-cap onshore E&P Indonesia Energy (INDO) is expected to raise $15 million at a $75 million market cap. The company operates one production block and one exploration block, and production peaked at 400Read More →