4 August, 2017 by The TZ Newswire Staff Comments Off on Poor Internals Highlight Risks For Dow Jones Industrial Average
Poor Internals Highlight Risks For Dow Jones Industrial Average
From Dana Lyons: This week has seen yet more examples of poor internals despite new highs in the major averages.
4 August, 2017 by The TZ Newswire Staff Comments Off on Realogy shrugs off competition from a “small startup” called Redfin
Realogy shrugs off competition from a “small startup” called Redfin
Shares of Redfin have nearly doubled since the online brokerage’s IPO last week — and it’s made no bones about gunning for traditional brokerages. But guess who’s not sweating it: Realogy. CEO Richard Smith dismissed the online brokerage — which has a market cap of $2.16 billion, compared to Realogy’s $4.7 billion — as a “small startup” during a second-quarter earnings call on Thursday. “Certainly, there’s no pressure. We’ve been in the business a long […]
4 August, 2017 by The TZ Newswire Staff Comments Off on Canada July net change in employment 10.9K vs 12.5K estimate
Canada July net change in employment 10.9K vs 12.5K estimate
July employment report. Unemployment rate for July 6.3% vs 6.5% last
The Canada net change in employment came in a little weaker than expected but in line for the most part at 10.9K vs 12.5K
4 August, 2017 by The TZ Newswire Staff Comments Off on US June trade balance USD -43.6bln vs -44.5bln exp
US June trade balance USD -43.6bln vs -44.5bln exp
US June trade balance data now out 4 Aug
– USD -46.4bln prev revised up from -46.5bln
Also out:
Canadian June trade balance data:
– CAD – 3.6bln vs -1.25bln eXp vs -1.36bln prev revised down from -1.09bln
Big miss sees USDCAD posting higher at 1.2616 helped by stronger US jobs data but sellers emerging.
4 August, 2017 by The TZ Newswire Staff Comments Off on July non-farm payrolls +209K vs +180K expected
July non-farm payrolls +209K vs +180K expected
Highlights of the July US jobs report
– 222K (revised to 231K)
– Two-month net revision +2K
– Private payrolls +205K vs +180K exp
– Manufacturing payrolls +16K vs +5K exp
Earnings:
4 August, 2017 by The TZ Newswire Staff Comments Off on Stifel Raises Price Targets on 4 Red-Hot Momentum Stocks
Stifel Raises Price Targets on 4 Red-Hot Momentum Stocks
Stifel analysts raise price targets on four red-hot momentum stocks that have reported solid earnings and have outstanding prospects for the rest of 2017 and beyond.
4 August, 2017 by The TZ Newswire Staff Comments Off on This Marijuana Stock Could Be 1 Clinical Trial Away From a $1 Billion Valuation
This Marijuana Stock Could Be 1 Clinical Trial Away From a $1 Billion Valuation
Few industries in the U.S. are growing at a quicker pace than legal marijuana. According to a fairly recent report from Marijuana Business Daily, entitled “Marijuana Business Factbook 2017,” legal pot sales in the U.S. are expected to rise by about 30% in 2017 to a range of $5.1 billion to $6.1 billion, with the total U.S. market expected to expand to around $17 billion by 2021.