Target Corporation (TGT – Free Report) may be next on Amazon’s (AMZN – Free Report) buyout list. This is what Loup Venture co-founder Gene Munster predicts, per media reports. The forecast made by the famous tech analyst is enough to shake the retail industry, which has certainly been facing the brunt of heightened online competition, lower footfall and changing consumer…
The Treasury market isn’t the only place where the idea of “globally synchronized growth” is proving a tough sell. The collapse of the yield curve suggests, in fact, it isn’t being bought one bit. Apart from bonds, US companies aren’t warming to the economic warming, either. The labor market apart from the unemployment rate remains…
After a two-month pullback from the highest levels of the cycle, the ISM Manufacturing report for December showed a nice rebound. While economists were forecasting the headline number to come in at 58.2, which would have been unchanged from November, the actual reading came in at 59.7, and that’s the third highest monthly reading of the…
After a two-month pullback from the highest levels of the cycle, the ISM Manufacturing report for December showed a nice rebound. While economists were forecasting the headline number to come in at 58.2, which would have been unchanged from November, the actual reading came in at 59.7, and that’s the third highest monthly reading of the…
The Pound Sterling remained close to a 3-month peak versus the US Dollar despite the latest PMI data which showed that growth slowed somewhat in the construction sector in December. Analysts had predicted that the PMI reading would be lower at 52.5 but the actual reading fell short and came in at 52.2, down from…
My Swing Trading Approach First, I’ll manage the profits in my existing positions, primarily by raising the stop-losses. Then I will look to add additional long exposure as the market permits. Indicators VIX – Major pounding yesterday to bring in the new year, and back to sub-10 readings instantly. Dropped 11.5% to settle at 9.77. T2108 (%…
Note: This update incorporates the latest monthly close and the GDP Q3 Third Estimate data. Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that “it is probably the best single measure of where valuations stand at…
Music streaming firm Spotify has reportedly filed for an initial public offering. The Spotify IPO is reportedly attracting even more attention than is typical for tech firms these days because the company is seeking a direct listing rather than a traditional float. Photo-Mix / Pixabay Direct listing sought for Spotify IPO Citing “multiple” unnamed sources, Axios reports that Spotify…
AT40 = 64.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 62.6% of stocks are trading above their respective 200DMAsVIX = 9.8Short-term Trading Call: cautiously bullish Commentary The New Year started with fireworks with the S&P 500 (SPY) gapping up to a 0.8% gain and new all-time high. The Nasdaq gapped up and sprinted…
According to a MarketsandMarkets report, the enterprise collaboration market is expected to grow from $26.68 billion in 2016 to $49.51 billion by 2021 at a CAGR of 13.2% driven by widespread usage of social media and mobile devices. Billion Dollar Unicorn Slack is a leading player in the market that has recently raised funding from the Softbank…
