Kodak wants in on the hype. It announced its own cryptocurrency today, the KodakCoin. Today Kodak hopped aboard the Crypto Bandwagon with a “major blockchain initiative.” The company and WENN Digital announced Tuesday the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency. For its part, Kodak acknowledged in its press release that blockchain, like cryptocurrency, is a “hot buzzword” right now, but CEO Jeff Clarke said that the technology will actually prove useful in the company’s case. “For photographers who’ve long struggled to assert control over their work and how it’s u...
Kodak wants in on the hype. It announced its own cryptocurrency today, the KodakCoin. Today Kodak hopped aboard the Crypto Bandwagon with a “major blockchain initiative.” The company and WENN Digital announced Tuesday the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency. For its part, Kodak acknowledged in its press release that blockchain, like cryptocurrency, is a “hot buzzword” right now, but CEO Jeff Clarke said that the technology will actually prove useful in the company’s case. “For photographers who’ve long struggled to assert control over their work and how it’s u...
Domestic stocks were a great place to invest in 2017, but hopefully, you didn’t overlook opportunities overseas. Emerging markets had a gangbusters year, surging more than 37.5 percent with dividends reinvested, as measured by the MSCI Emerging Markets Index. A combination of rising PMIs—or the purchasing manager’s index I talk so often about—and a steadily declining U.S. dollar helped emerging economies in Asia, Latin America, Europe and elsewhere eke out their best year since 2010. This was a boon for our Emerging Europe Fund (EUROX), which crushed its benchmark in 2017. EUROX, which invests in companies domiciled in Central and E...
Its earnings time again! This is the time when the investor community is busy comparing estimates with actual outcomes. Prior to the releases, investors would look to add stocks that have the potential to surpass earnings expectations in the quarter. This is because an earnings beat positively impacts the stock price. Given this backdrop, the obvious question is how to find potential winners? Through this write-up, we aim to help investors find airline stocks that are likely to report better-than-expected earnings per share in the fourth quarter of 2017. Notably, airline stocks are an integral part of the Zacks Transportation sector (one of...
“Follow the money.” That’s what the profs in college used to say in my investigative reporting classes years ago. It’s also an effective way to think about investing. When cash is flooding into a class of stocks, they all move higher, and your job as an investor becomes a lot easier. That’s the situation at the moment in cybersecurity these days. According to CB Insights, venture capitalists invested a total of $7.6 billion in startups last year — double last year’s number of $3.8 billion. Likewise, the dealmaking was fast and furious. Venture capitalists put money into 548 companies, 17% more than in 2016. That’s right in li...
Less than 100 companies will report earnings between now and next Friday, but this week mark’s the official kick-off to the Q4 2017 earnings reporting season. Below is a list of the 30 largest companies set to report between now and January 19th. As you can see, the bulk of large-cap companies set to report over the next 10 days are in the Financial sector. On Friday alone, we’ll hear from JP Morgan (JPM), Wells Fargo (WFC), BlackRock (BLK), and PNC. How these Financials react to their earnings reports will be an important early signal as to how investors plan to trade earnings this season. As we highlighted yesterday in a Chart of the D...
Weak Start for Biotech Stocks on 1/8/18-Red Screen Day Positive Updates on BIIB CELG GILD etc Biotech ETFs Firm Up about 1.5% Tuesday AM JPMorgan Healthcare Conference Biotech stocks abruptly sold off at the market open yesterday with the XBI down 2% to the $85.31 level and the IBB down 1.33% to $108.37. Apparently, the 9000 attendees of the 2018 J.P.Morgan Healthcare Conference who crammed into the presentations had little time to buy stocks. Or maybe the robots took over at the opening selling on impending news for the Conference and the technical resistance that was hit last week. But the selling soon abated and major indices were of...
While world stocks are on their longest streak (without a 5% correction) in history, the last few weeks have seen that exuberance accelerate with MSCI World now at its most ‘overbought’ since the summer of 1987… and we know what happened next. But this global euphoria is ‘trumped’ by the melt-up in US stocks, and as Bloomberg reports, John Murphy, StockCharts.com’s chief technical analyst, warns U.S. stocks have shown so much momentum lately “that 2018 may not end as well as it started.” Murphy cited 14-week and 14-month relative strength indexes for the S&P 500 Index in a blog posting Sat...
AUD/USD Daily Chart Technical Outlook: AUD/USD is carving out a well-defined monthly opening range just below a key near-term resistance range at 7887/98– this region is defined by the 61.8% retracement of the September decline & the October swing highs and converges on basic slope resistance extending off the 2017 high. The immediate advance is at risk while below this threshold near-term and as noted in my Weekly Technical Perspective, “From a trading standpoint, I’m looking lower into the monthly open but ultimately a larger set-back would offer favorable long-entries within this confines of this broader uptrend.” A...
The price of silver is up 10% in three weeks. That’s unusual for silver right now. We only saw silver rise 10% within a month four times this year. The last time it rose 10% in three weeks was almost a year ago. Like gold, 2016 was a strong year for silver. The price soared through the first half of the year. It ended down from its high, but still up 15% overall. However, in 2017, the silver price only gained 4%. The price bounced up and down, never really breaking out. You can see what I mean from the chart below: Historically, the price of silver is much more volatile than gold or platinum. However, according to the St. Louis Federal ...