A review of the day’s trading in the agriculture markets. Video length: 00:08:28
February 3, 2017
GoPro stock tanked following Thursday night’s earnings report, and a few analysts are turning their back completely on it. Raymond James downgraded it from Market Perform to Underperform, although others, like JPMorgan, remain Overweight even though they cut their price target. Image Source: GoPro Press
One of the main topics of conversation overnight was the fact that the Shanghai market reopened, after the week long holiday, to a surprise reverse-repo hike (10bp’s to 2.35%) which resulted in a -0.6% decline in the Shanghai Index. The
Rick Ackerman and I review the moves we have seen this week in the US markets as well as the precious metals. It seems almost unbelievable that the Dow is back above 20,000 after the weakness is showed just a
Bad news is good news again… US Macro Surprises continue to disappoint… And to be clear – all the gains in macro data have been ‘soft’ survey gains with ‘hard’ real data completely unchanged… But bad news is great news
As I was perusing this morning’s market news, I came across these two headlines positioned side by side. It certainly sounds like a tale of two cities if ever there was one. Fortinet (FTNT) beat Q4 estimates on both the
Another chart I’ve cited as an intriguing short idea is AutoNation, which is down a bit more than 2% today. I think we’ve got a clean triple top on our hands. On a wholly separate note, here’s the S-1 for hotly-anticipated IPO Snap,
Stock investors have made a “hop of hope” since the election of Donald J. Trump. Specifically, the new administration’s dedication to the repatriation of foreign profits, the lowering of corporate tax rates and the reduction of onerous regulations may create
Written by my colleague Dr. Win Thin Philippine Environment Department suspended 5 mines and closed 21 after a nationwide audit. The Turkish central bank raised its end-2017 forecast from 6.5% to 8% due largely to the weak lira. Central Bank
Shares of fast casual chain Chipotle Mexican Grill (CMG) are holding above $400 per share recently as investors cling to hopes that a full recovery is taking shape after E. coli outbreaks halted the company’s impressive growth trajectory. Unfortunately for CMG bulls,
