On the weekly RRG, the tail for XLY, Consumer Discretionary, is inside the improving quadrant and heading at an RRG-Heading of roughly 90 degrees. Not ideal; Somewhere between 0-90 is stronger as it indicates that the trend is still picking up speed, but not wrong either. With only two sectors inside the leading quadrant, XLK...
Banks are in the news for all the wrong reasons in the wake of what appeared to be idiosyncratic issues at the Silicon Valley Bank. The failure of this California bank and the travails of First Republic Bank FRC have put a harsh spotlight on the entire regional banking space. The chart below should give...
porcorex Bulk carrier Himalaya Shipping (NYSE:HSHP) shares made their market debut Friday following the Bermuda-based company’s $45M US initial public offering. Himalaya shares opened at $6.05, reaching a high of $6.12. The stock closed at $5.80, according to NYSE data. Himalaya offered 7.7M shares priced at $5.80 per share. Underwriters were granted a 30-day option...
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors. Freeland fires again at Canadian Banks There are several big-picture looks at the important aspects of the Canadian federal budget that was unveiled on Tuesday. For this week’s “Making sense of the...
© Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) -Japanese automaker Nissan (OTC:) and France’s Renault (EPA:) are confident the agreements on reshaping their alliance will be signed soon, they both said on...
Careful scrutiny of your retirement plans requires you to factor in annuities to balance your investment portfolio. Annuities remain reliable investment vehicles to generate a guaranteed income post-retirement. Meticulously planned annuities often replicate monthly paychecks that reflect in the form of salary amidst rising interest rates. Where Will I Start With My Annuities? Well, you...
In this edition of the GoNoGo Charts show, Alex and Tyler take a top-down approach to the technical market environment following the SVB collapse and the Fed’s 25bps hike. They use a GoNoGo Cross Asset Heat Map to help understand the intermarket factors that could impact equity performance. Treasury rates ($TNX), the US dollar (UUP),...
Commercial-stage biopharma stock Y-mAbs Therapeutics Inc (US:YMAB), reported fourth quarter and full year 2022 results on Thursday post market, sending shares up 12.5% in extended trading to $3.70 a piece. Any further YMAB share price rally on Friday will likely be marginal when considering the stock is trading more than 90% below its highs reached during...
Reason #1 Uncertain How to Become Rich In my five-year Rich Habits Study/Research, I learned a something profound – There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the...
© Reuters. By Peter Nurse Investing.com – European stock markets are expected to open largely unchanged Friday, with investors digesting mixed Chinese activity ahead of the release of key inflation data on both sides of the Atlantic. At 02:00 ET (06:00 GMT), the contract in Germany traded 0.1% higher, in France climbed 0.1%, while the...