Bank of New York Mellon (BK) Warns on Low Interest Rates, Cycles Bearish
This morning, Bank of New York Mellon (BK) reported earnings.
The company reported $1.01 of EPS, which beat consensus estimates of $0.91.
BK reported revenue of...
Stock Market Today: Option Traders Remain Greedy
After a quick flush lower on Monday and Tuesday morning, stocks recovered into Tuesday's close for gains. And stock market futures are pointing higher...
Stock Market Outlook: Bullish Postures Remain Intact
The S&P 500 Index rose by 1.34% Tuesday and reverted back to a strongly bullish intermediate posture according to the Market Forecast indicator.
The NASDAQ...
Investors Turn Attention To Financial Sector (XLF)
Last night I focused my analysis on the Junk Bonds Sector ETF (JNK).
As it has been underperforming, I wanted to give a head’s up...
Bed Bath & Beyond (BBBY) Sees Positive Same Store Sales – Cycles Point Higher...
This morning, Bed Bath & Beyond NASDAQ: BBBY released their 8-K.
In the 8-K, the company announced they had reopened almost all retail stores after...
Stock Market Today: Bulls Let Off The Gas Pedal
A relentless rally lifted the Nasdaq 100 over 11,000 briefly on Monday before reversing course and selling off.
Tech has been the market leader, so...
Time to Watch Risk Appetite Through Junk Bonds
With bank earnings the big buzz this week, here are some highlights to keep in mind.
Bank earnings are set to tank 69% year-over-year for...
Tesla (TSLA) Higher as Spartan Buys Fisker for $2.9B – Stock is Extremely Overbought
Spartan Energy Acquisition (SPAQ) announced its acquisition of Fisker, another California-based electric vehicle (EV) manufacturer.
The deal values Fisker at $2.9B.
Spartan Energy Acquisition is a...
Stock Market Today: Rally Reaches Overbought Territory
Investors have rallied the stock market back to levels producing overbought signals. And in the case of the Nasdaq Indices, new all time highs.
In...
S&P 500 ETF (SPY) Price Targets for a Late Summer Low
Here we revisit the SPDR S&P 500 ETF Trust NYSEARCA: SPY with some newly refined downward price targets.
We believe price might try to form...
