25 June, 2015 by The TZ Newswire Staff Comments Off on Don’t Look Now, But Discover Financial Services is About to Unload One of its Business Units
Don’t Look Now, But Discover Financial Services is About to Unload One of its Business Units
Known primarily for its credit card operations, Discover Financial has decided to throw in the towel when it comes to mortgages.
25 June, 2015 by The TZ Newswire Staff Comments Off on The Simple Reason Why China’s Stratospheric Stock Market Rally Can’t Fuel Economic Growth
The Simple Reason Why China’s Stratospheric Stock Market Rally Can’t Fuel Economic Growth
Despite Janet Yellen’s efforts to explain to poor people how important it is to build up one’s financial assets, the trickle down “wealth effect” that Ben Bernanke promised would accompany successive rounds of QE never quite panned out as economic growth — which, in the US, is driven by consumption — has now flatlined and even the NY Fed admits that perhaps weat
25 June, 2015 by The TZ Newswire Staff Comments Off on Bygone HK theme park comes back from the dead
Bygone HK theme park comes back from the dead
Eighteen years after its closure, Lai Yuen Amusement Park – a nostalgic symbol of childhood for many Hong Kongers – will make a flash comeback.
25 June, 2015 by The TZ Newswire Staff Comments Off on Warning: DP Ultra-Short and Short-Term Indicators Display Very Bearish Readings
Warning: DP Ultra-Short and Short-Term Indicators Display Very Bearish Readings
In today’s DecisionPoint Alert, I warned of very bearish readings appearing on our shorter-term indicators. When these indicators get very elevated readings in either direction, it is an attention getter. Climactic readings, as we call them at DP, can be an indication of an “exhaustion” of the current move or an “initiation” to more follow-through on the current move.
25 June, 2015 by The TZ Newswire Staff Comments Off on Thursday ETF Winners: Health ETFs Pop On ObamaCare Ruling
Thursday ETF Winners: Health ETFs Pop On ObamaCare Ruling
Health care ETFs revived Thursday on a legal victory for ObamaCare. The largest exchange traded funds tracking the sector inched up a fraction. But iShares U.S. Health Provider (IHF) surged 3.2%, getting an additional boost from likely consolidation in the insurance industry. Top holding UnitedHealth Group (UNH) rose 2.65% on the stock market today. Other top holdings scored bigger gains:Aetna (AET) was up 3.99%.
25 June, 2015 by The TZ Newswire Staff Comments Off on Bull Bear Debate
Bull Bear Debate
We are at that time again where the bears are saying that we are ready to rollover because we cant make definitive new highs, and the bulls will argue that the market is just consolidating before the next move up. I am in the camp of the latter and think we may start moving higher soon.
The only fly in my ointment is that earnings are coming again soon, and I detest earnings season.
25 June, 2015 by The TZ Newswire Staff Comments Off on Why Citi downgraded Netflix amid surge
Why Citi downgraded Netflix amid surge
The torrid run in Netflix shares has outpaced the company’s growth, prompting Citi to downgrade the stock to neutral from buy.