Stock Market

A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading.  Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used

by confoundedinterest17 In 1995, The Clinton Administration unleashed a BAD housing policy called The National Homeownership Policy that called on “partners” to streamline mortgage lending standards to increase homeownership rates (allowing ALT-A lending). It worked, but it also drove home prices through the roof. And it exploded nearly destroying the banking system. Not learning from past housing follies, Presidential

The past couple weeks have been a roller coaster ride for Nikola (NKLA). Shares of the electric truck maker have plummeted following a damning report accusing the company’s founder Trevor Milton of making fraudulent claims and duping investors. Shares took another dive as Milton subsequently resigned from the company, leaving questions whether Nikola has any

A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters Here are the companies making headlines in after-hours trading. Alteryx — Shares of the analytics company soared more

by confoundedinterest17 Things are tough in Europe. Slovakia has an even lower 2 year sovereign yield than Switzerland, the previous winner of low sovereign yields. Even the UK has a negative 2 year sovereign yield! Yes, that is 28 EMEA (Europe, Middle East and African) nations have negative 2 year sovereign yields. The European Central Bank

Take a look at some of the biggest movers in the premarket: MyoKardia (MYOK) – The biotech company agreed to be bought by Bristol-Myers Squibb (BMY) for $225 per share in cash, or $13.1 billion – a 61% premium to its closing price on Friday. MyoKardia’s lead drug is a treatment for irregular heart rhythms and

by Lance Roberts Every three years, the Federal Reserve releases a study on consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2019 Fed survey confirms statements I have made previously regarding how the Fed’s monetary interventions made the top 10% more prosperous than ever. They just left the vast majority

Shares of Smart Global Holdings plunged 12.1% On Friday after the company reported lower-than-expected 4Q top-line results. On Oct. 1, the manufacturer and supplier of electronic subsystems reported revenues of $297 million, which fell short of analysts’ expectations of $299.4 million. Smart Global’s (SGH) 4Q revenues improved 6.7% from the year-ago quarter. Meanwhile, adjusted EPS

by Michael Snyder There was a time when a moment like this would have brought the entire nation together in unity.  Decades ago, news that the president of the United States was the victim of a deadly virus and had been rushed to the hospital would have been received with grave seriousness.  But in 2020,

November 3 is just around the corner, and Wall Street’s gaze has locked in on the race to the White House. Biden currently leads in the polls, but it’s still anyone’s race.   Now, with President Trump’s COVID-19-related hospitalization rocking the last leg of the 2020 presidential election campaign, and Senate control also up for grabs,

by Flamehuntz www.law.cornell.edu/uscode/text/50/842 50 U.S. Code § 842.Proscription of Communist Party, its successors, and subsidiary organizations The Communist Party of the United States, or any successors of such party regardless of the assumed name, whose object or purpose is to overthrow the Government of the United States, or the government of any State, Territory, District, or possession

The at-home consumption of alcohol has surged since the COVID-19 pandemic. However, even after the easing of lockdown restrictions, on-premise alcohol consumption at bars and restaurants remains weak. The US beer industry alone is expected to lose 651,000 jobs by the end of 2020 according to a report by the Beer Institute, Brewers Association, the

by DCG I took a debate class in high school many moons ago. It was actually a great class where one learned many concepts that liberals despise: argument preparation, persuasive arguing (which later helped in my marketing/proposal writing career), logic and fact organization (with fact-based evidence), and communication, among others. I wonder if they even still

Nvidia (NVDA) has pushed back the availability date for its hotly-anticipated GeForce RTX 3070 graphics cards from October 15 to October 29. “Production of GeForce RTX 3070 graphics cards are ramping quickly. We’ve heard from many of you that there should be more cards available on launch day. To help make that happen, we are updating the availability

11 months ago, the U.S. Food and Drug Administration (FDA) shut down Solid Biosciences’ (SLDB) “IGNITE DMD” Phase I/II clinical trial after one of the young patients involved in the trial suffered a “serious adverse event.” Despite the patient in question recovering, no new patients suffering such serious adverse events, and the company providing the

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retailer announced the sale of its British supermarket chain Asda for $8.8 billion. The buying group consists of private equity firm TDR Capital and the Issa brothers, founders of gasoline station chain EG Group. Uber Technologies (UBER) – Private

BY JOHN RUBINO  Money managers who don’t recommend gold to their clients are becoming the exception rather than the rule. This week saw a couple more big-name banks join the pro-gold parade: (RT) – The recent weakness of gold represents a “great entry point for investors” ahead of risk events such as the US election, said UBS Global

It is hard to argue with Amazon’s (AMZN) performance in 2020. Even amidst a global pandemic and a struggling economy, all the cards have fallen into place for the e-commerce behemoth. Amazon has seen revenue soar during the viral outbreak and so has its stock. Shares are up by 70% on a year-to-date basis. However,

Check out the companies making headlines in midday trading.  Twilio — shares of the cloud services company jumped 12% to a new all-time high after Twilio raised its forecast for third quarter revenue. The company said it is benefitting from the rise of remote work and education. Twilio is set to release its quarterly results

And just like that, PepsiCo (PEP) has bounced back. One quarter after the food and beverage company saw its growth trends take a serious COVID-19-related hit, with the disruption starting in February, PEP announced that sales trends had made their way back to positive territory. Organic sales gained 4% in the third quarter of 2020,

In just the last 24 hours, the wall of worry for stocks got a lot higher. President Donald Trump has contracted Covid-19, which keeps him off the campaign trail and secluded in the White House for at least two weeks. The betting markets are raising the odds for his rival Joe Biden, whose policies are

by confoundedinterest17 Look at these indicators: The Philadelphia Stock Exchange Housing Sector Index, Semiconductor Index and Gold relative to The Federal Reserve’s Balance Sheet of Asset Purchases. How much of the gain in these indices is the result of Fed monetary stimulus? Stated differently, what happens when The Fed can’t print anymore money??

Any company whose stock has seen 30% of its value shaved off so far this year, would conclude 2020’s market performance has been underwhelming. But we are talking about the airline industry here, and considering the yearly performance of some of its peers, Southwest Airlines (LUV) – whose stock boasts that alarming dip –  has

A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters President Donald Trump’s health and the state of a fiscal stimulus package will be the

On Wednesday, the IMF released the latest Currency Composition of Official Foreign Exchange Reserves (COFER) report for Q2 2020. It showed that while the Dollar share of global reserves had increased in Q1 2020, likely on a combination of valuation effects and safe-haven demand, trend reversed abruptly in Q2 as shown in the Goldman chart below. The

President Trump’s announcement that he has tested positive for the corona virus has grabbed headlines, but the dog that didn’t bark presents a more interesting point. Wall Street isn’t so worried about corona virus anymore; the perception is, that the virus will fade away or a vaccine will be developed, but in either case, the

Getty Images Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still healing economy. Analysts forecast the prices of Brent and West Texas Intermediate should rise to the low to mid-$40s per barrel, but they

by mistasway The divisive rhetoric from the MSM will be cranked up the next few weeks. On the surface, it will appear as if there’s this great battle between two “teams”, but in reality it’s basically this scripted WWE style drama, solely for the purpose of stirring the pot and creating animosity and tension among

Ligand Pharmaceuticals announced that it has completed the acquisition of Pfenex Inc. for $437.5 million in cash. The biopharmaceutical company said that it would make a “contingent payment of $78 million in cash if a certain specified milestone is achieved.” The deal was announced in August this year. Ligand shares closed 3.02% higher on Thursday. Ligand

by Lance Roberts In the latest personal income and spending reports, income was down but spending was up even as stimulus measures run out. Personal Income & Outlays The Personal Income and Outlays, report for August 2020 shows increasing stress on consumers. Real PCE vs Real DPI 2020 Detail Increasing Consumer Stress Personal income decreased 2.7