Stock Market

Sharing is Caring! by John Ward  In an astonishing outburst, top extra-terrestrial virology expert Christopher Whitty insists that reckless England footballers taking penalties while unmasked gifted the Euros crown to Italy. “A mask is the perfect vehicle for disguising your intentions from the wicket-keeper,’ he said. The Slog investigates. In keeping with the New Normal policy

Houlihan Lokey, Inc. (HLI) announced that it has acquired Baylor Klein, a boutique advisory company, to accelerate the growth of its corporate finance business in Europe. The financial terms of the deal have been kept under wraps. Shares of the global investment bank and financial services company have gained 48% over the past year. (See HLI

In this article SPCE JWN CAKE Virgin Galactic Founder Sir Richard Branson demonstrates a spacewear system, designed for Virgin Galactic astronauts, at an event October 16, 2019 in Yonkers, New York. Don Emmert | AFP | Getty Images Take a look at some of the biggest movers in the premarket. Virgin Galactic — Shares of

Sharing is Caring! by Michael Snyder Did you know that a billion sea creatures were just wiped out on the west coast?  And they did not die pleasantly.  The historic “heat dome” that hit the Northwest like a freight train literally cooked them to death.  Needless to say, this is not normal.  In fact, we

RBC Capital analyst Gregory Renza maintained a Hold rating on Provention Bio (PRVB – Research Report) on July 8 and set a price target of $8.00. The company’s shares closed last Friday at $6.47, close to its 52-week low of $5.59. According to TipRanks.com, Renza is a 2-star analyst with an average return of 1.2%

Sharing is Caring! By Chris Black  Motto: This about accustoming you to being an absolute slave in your own country, to invisible financial and corporate entities, while making you believe that you’re simply engaging in pro-social behavior for the good of society at large. Things are degenerating fast in the US, not one year into

News cycles generally operate on negative output, and there is no exception for cryptocurrencies. The potentially revolutionizing digital force most recently took a big reputation (and price) hit, partially due to news that China would be banning any and all crypto-related activities. This development was particularly notable and damaging to cryptocurrencies, as much of the world’s bitcoin supply

Volatility in interest rates has been a key driver many investors have had their eye on recently. Indeed, with rates surging to as high as 1.75% earlier this year, before falling down to 1.32% this week, investors really don’t know what to believe. On the one hand, expectations are that inflation could be running rampant.

Sharing is Caring! From Birch Gold Group “Brace for a significant market correction,” said Mark Zandi earlier this week. He hinted that a 10 to 20% correction was already underway. Which isn’t surprising, as manic investing behavior coupled with last year’s pandemic mitigation attempts eventually must give way to fundamental market forces. CNBC reported that a moment of clarity may have finally clicked with

Shares of MTY Food Group (MTY) gained almost 15% in early trading on Friday after the company reported a profit in its second quarter and announced it would start paying dividends again. MTY is behind more than 80 restaurant brands, including well-known food court brands like Thai Express, Extreme Pita, and Tiki-Ming. Revenue came in

Sharing is Caring! by Egon von Greyerz of Gold Switzerland Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold? I doubt it. He was just another desperate leader

With shares sitting 73% into the red in 2021, it’s safe to say, Chemocentryx (CCXI) investors have endured a difficult year so far. The alarming decline has mostly been due to one event; in May, an FDA advisory committee expressed reservations regarding the application for avacopan, Chemocentryx’ treatment for anti-neutrophilic cytoplasmic autoantibody (ANCA)-vasculitis (AAV) –

In this article AAL People walk past GM vehicles on display at the General Motors world headquarters building at Detroit’s Renaissance Center. Paul Hennessy | SOPA Images | LightRocket | Getty Images Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) — The denim maker added about 3% after

Rejection is bad enough as it is but in the world of biotech stocks, the knock-back is twice as hard; the regulators’ cold shoulder is followed by the market’s rebuff. Which brings us to Provention Bio (PRVB). On Tuesday, the company received a CRL (complete response letter) from the FDA regarding its Biologics License Application

Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits for

Sharing is Caring! by confoundedinterest17 I wonder if the late Hawaiian crooner Don Ho knew what would happen in 2021. His song “Tiny Bubbles” may have to be rewritten as “BIG BUBBLES!!” (Bloomberg) — A sudden swoon in bond yields has put the stock market “reflation trade” at risk of an early death. For all the ink spilled

Not every sound stock choice makes waves and headlines in the markets. That should be obvious – one reason the market’s giants draw so many investors is a combination of social pressure, ‘fear of missing out,’ reinforced by the news dominance those very giants generate. But history’s most successful investors kept their portfolios diversified, and

In this article BAC GS JPM SPCE AMC RCL LUV UAL AAL A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Check out the companies making headlines in midday trading. JPMorgan, Goldman Sachs, Bank of America — Bank stocks led the market comeback on Friday as

Sharing is Caring! by confoundedinterest17 Release the Kraken! The People’s Bank Of China announced it is cutting its Required Reserve Ratio by 0.5% for most banks, a move that will unleash about 1 trillion yuan ($154BN) of long-term liquidity into the economy and will be effective July 15. The announcement reduces the amount of cash most banks must hold in

Noble Financial analyst Mark Reichman maintained a Buy rating on Allegiant Gold (AUXXF – Research Report) today and set a price target of $1.00. The company’s shares closed last Thursday at $0.35. According to TipRanks.com, Reichman is a 4-star analyst with an average return of 13.4% and a 45.2% success rate. Reichman covers the Basic

In this article BAC DIDI GOOGL A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters Take a look at some of the biggest movers in the premarket: Bank of America (BAC), JPMorgan (JPM)  – Bank stocks were under pressure on

Sharing is Caring! by confoundedinterest17 The Federal Reserve released its monthly consumer credit report for May and its a doozy. Non-revolving credit increased the most in history! At the same time, Wells Fargo announced it is shutting down all personal lines of credit. The 10Y/3M and 10Y/2Y Treasury curve continue to tank.

In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday:  Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall

Sharing is Caring! by Michael Snyder There are more job openings in the United States than ever before, but the vast majority of the available “jobs” pay so little that most Americans don’t want them.  If working extremely long hours for some employer is not even going to lift you out of poverty, then you

Osteoarthritis is a degenerative joint disease which affects millions of people across the globe, and according to Wiseguy Research, it is a market that could be worth over $10 billion by 2025. Sorrento Therapeutics (SRNE) has been eyeing this opportunity and is now one step closer to getting its osteoarthritis candidate through the lucrative door.

In this article COIN NVDA DIDI SCHW JPM KSU A pedestrian walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Charles Schwab — Shares of the online broker dipped over 2% after Goldman Sachs downgraded the stock to neutral

In a report released yesterday, Patrick O’Shaughnessy from Raymond James maintained a Hold rating on SEI Investments Company (SEIC – Research Report). The company’s shares closed last Wednesday at $61.64. According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 10.7% and a 69.2% success rate. O’Shaughnessy covers the Financial sector, focusing

A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Take a look at some of the biggest movers in the premarket. Devon Energy, Occidental Petroleum — Energy stocks were set to gain as oil prices rose. Devon Energy advanced 3% in premarket trading,

Sharing is Caring! by John Ward The 1 in 8 pushback needs an identity. Action this Day. For those of you who go there, it was probably noticeable on Twitter yesterday afternoon that I’d finally lost my rag – which in many ways I suspect was a good thing. A great deal of it stemmed from

Say ‘green economy,’ and what is the first thing you think of? Renewable fuels, electric cars, solar power farms, wind turbines, hydrogen fuel cells, recycling plants – these are all components of the green economy. The economic sector is currently small, compared to the US’ near-$20 trillion annual economic output, but it’s politically potent and