2017 was a strong year for the market in general, but it was an exceptional year for the stocks listed below. Madrgical Pharma, for example, posted incredible gains of over 550%, no doubt making some lucky investors very happy! As we move into 2018, we take a look back at five of the best-performing stocks this year. Let’s dive in and take a closer look now: 1. Madrigal Pharma (Nasdaq:MDGL): Gain 551% Analyst consensus rating: Strong Buy, Average analyst price target: $135 (43% upside) Madrigal exploded in early December following positive data from key Phase 2 trials. In response, Evercore ISI analyst Josh Schimmer raised his price tar...
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. This week’s slot in the Safari portfolio is reserved for the financial services sector. That sector includes nineteen industries all related to managing money. Industries include: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance. Today I’m reviewing a reviewing a fund of funds that seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds. Its name is YieldShares H...
After opening the day flat, share markets in India witnessed volatile trading activity throughout the day and ended the day on a weak note. Losses were seen across most sectors with stocks in the PSU sector and stocks in the oil & gas sector, leading the losses. While stocks in the realty sector gained the most. At the closing bell, the BSE Sensex stood lower by 64 points (down 0.2%) and the NSE Nifty closed down by 13 points (down 0.1%). The BSE Mid Cap index ended the day up by 0.1%, while the BSE Small Cap index ended the day up by 0.3%. Asian stock markets finished mixed. As of the most recent closing prices, the Han...
Welcome to leap year 2018! Ok, I know what you are thinking, you have not heard that it,s leap year. Well, 2018 is not a traditional leap year but it will be a leap year for oil. Oil struggled this year as the market failed to be convinced that the combination of OPEC and Non-OPEC production cuts and strong global demand could reduce global supply. They falsely believed that shale oil production could offset record compliance to cuts. Instead of a global oil glut in 2018, we are going to be seeing the effects of the biggest supply drain in history. Yet, the real story in 2018 will be near record global oil demand growth. We are seeing more ev...
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.09%) this morning are up +0.09% as strength in mining stocks lifts the overall market. Mining stocks gained as Mar COMEX copper (HGH18 +0.49%) climbed +0.50% to a new 3-3/4 year high and as Feb COMEX gold (GCG18 +0.22%) rises +0.26% to a 4-week high. Copper continues to find support on global production concerns after Jiangxi Copper Co, China’s largest producer, halted all copper production after the local government ordered the company to stop production for at least a week because of local pollution levels. Gold prices garnered support on a weak dollar as the dollar index fell ...
USD/JPY The US dollar did almost nothing against the Japanese yen during the trading session on Wednesday, as most people are away from the currency markets. The tween holidays, this is probably the quietest time of year, and there’s nothing right now that suggest today is going to be any different. When I see this market, I recognize that there is a significant amount of support at the 112-level underneath. In the short term, I think we’re going to simply go back and forth, so there is potential for a bit of a pullback, but I would not be concerned about it and would look at it as a potential buying opportunity. I suspect it is probably ...
The most recent consensus estimates for global Gross Domestic Product growth show a healthy “synchronized” development in most economies. Expectations for the major economies are much stronger than what economists expected at the end of 2016 for the next three years. Seems all concerns about a global slowdown and subsequent recession have disappeared. What has changed? China The first major driver of this newfound optimism is China. The Chinese economy has not slowed down as aggressively as predicted nor has the Yuan devalued as much as feared. The counterpart is that deleveraging and structural reforms have vanished from the China debate...
I’m often asked to analyze the markets in different conditions using different indicators to understand how they may tip the scales bullish or bearish. We have seen evidence stack up to tilt us bullish or bearish many times this year. That evidence has a huge influence on how we react as traders, which is why it’s important to always consider price action. Price action never lies. Here’s what typically happens: When it’s obvious that we’re in overbought conditions, the sentiment is too bullish, VIX is too low, put/call ratio is too low, etc. a herd mentality develops. Everyone moves to the other side of the boat. Copyright: cooldes...
Background Yangzijiang Shipbuilding (Holdings) Limited is a leading shipbuilding enterprise in China founded in 1956 and the only mega-containership builder in China. About 70% of revenue is derived from shipbuilding of container, cargo and other vessels. The remainder comes from investments, sales of shipping-related goods and services and trading. Business Description Rising iron ore demand, as well as higher rate of ship demolition and a lower rate of global vessel delivery, should sustain the demand for seaborne transportation. The company’s main products range from medium- to mega-sized containerships, medium-sized multipurpose ships ...
The German Equities market has been quiet as expected during the festive season. In the absence of any German economic data or any major Dax30 company announcements the price is ranging within a rectangle consolidation. Technically the DAX is congested between W L1 and W H1 – two basic camarilla levels that might break if we see any price momentum.13139.67 is the resistance to watch. Break above and we could see a retest of W H3 -13167.33 and only on strong momentum M H3 – 13213.42 and W H4 – 13258.95 could be reached. If it happens the price might form a right shoulder and could make a u-turn. To the downside, pay attention...