AstraZeneca PLC (AZN) announced that it has put together a deal with Takeda Pharmaceutical Company Limited (TKPYY) that will see the two collaborate on the development of a brand-new Parkinson’s disease asset. The last week or so has been a busy period for AstraZeneca, with the company announcing the approval of its Faslodex asset as a first-line treatment for women with advanced breast cancer; a deal with German biotechnology company Ethris rooted in a brand-new respiratory disease drug class; and, just yesterday, a collaboration with Boston-based biotechnology company Berg that will investigate the potential use of artificial intellig...
HENDERSON, Nev., Aug. 31, 2017 (GLOBE NEWSWIRE) — US Lithium Corp. (OTCQB:LITH), announces that it will be pursuing the lucrative legal marijuana payment market in locations that allow the sale to consumers for both medical and recreational use. Kaboom Coin (kaboomcoin.com) provides the underserved legal marijuana industry with decentralized banking infrastructure, blockchain based consumer databasing and a payment solution. Using Kaboom Coin, industry members will realize significant cost savings as well as assistance with their compliance to state laws. What makes Kaboom Coin different from others in the sector is that we are not sole...
Bank of America Merrill Lynch upgraded FMC Corporation (FMC) two notches, to Outperform, its equivalent of a buy rating, from Underperform, its equivalent of a sell rating. The firm says that the risk facing the company from the increased use of genetically modified organisms, or GMOs, in soybeans has declined, while the company should benefit from its acquisition of assets from DuPont (DD). GMO RISK, DUPONT DEAL: Bank of America analyst Steve Byrne said that he had previously believed that the increased use of GMOs in soybeans, along with farmers’ “weak income,” would cause FMC’s agricultural sales to drop. However, B...
Video by Seve Sosnick Seve Sosnick, Chief Options Strategist at Interactive Brokers, breaks down the “sell volatility” strategy that has made its way into mainstream media. Video Length: 00:05:38...
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier deliveries compiled through surveys. Values above 50.0 indicate expanding manufacturing activity. The latest report for Chicago PMI came in at 58.9, unchanged from last month. Investing.com forecast 58.5. Here is an excerpt from the press release: “Following the sharp rise in the Barometer to a mo...
It used to be that just the BOJ (via ETFs) and the largest Japanese pension fund, the GPIF (the largest in the world), had an implicit green light to allocate funds (in the case of the former, created out of thin air) to equities. That is no longer the case: according to Bloomberg, Japan’s second largest commercial bank, Japan Post Bank Co., has decided to follow in the footsteps of its giant peers, and plans to “plow” a 100 billion yen ($904 million) directly buying stocks “when it finds the right opportunities.” Unable to generate required returns through conventional means such as lending, Japan’s secon...
It is a safe bet that our furry friends in the bear camp figured the combination of Hurricane Harvey and increasing tensions with North Korea would get the party going to the downside. However, a funny thing happened on the way to the debacle; stocks decided to reverse course and rally instead. Yep, that’s right; with the S&P 500 only a stone’s throw from breaking important technical support on Tuesday morning, a reversal began. So, instead of a move that would create problems on the charts – problems that would have likely led to the algos piling on to the downside – the blue chip indices now find themselves smack in the middle o...
Hey everyone, so summer is almost over and I will get back to my normal writing frequency of at least two articles per week. Today I am talking about of probably one of the best dividend companies, General Electric. GE has paid a dividend for over 100 years and has increased its dividend annually since 2011. Due to do financial crisis GE had to cut its dividend from 1.24 USD to 0.42 USD in 2010, currently, it offers a dividend of 0.96 USD. But let’s have a look if General Electric is currently worth an investment. Company Overview General Electric Company (GE) is a diversified technology and financial services company. The company offe...
Here are my current and recent trades (taken in the last couple months). I will also include some currency pairs that haven’t provided a trade signal yet, but could in the next several weeks. This should not be viewed as a comprehensive list of trades for all the strategies covered (I have missed a couple trades due to vacations, etc). You may have taken some other trades you considered valid (based on the course), and you may have opted not to take some of the trades I took. That is fine. Ultimately, you need to develop your confidence and take the trades that you think are best, and that means sometimes we may disagree. Me and some of my ...
Here is the opening statement from the Department of Labor: In the week ending August 26, the advance figure for seasonally adjusted initial claims was 236,000, an increase of 1,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 234,000 to 235,000. The 4-week moving average was 236,750, a decrease of 1,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 237,750 to 238,000. [See full report] Today’s seasonally adjusted 236K new claims, up 1K from last week’s revised 235K, was better than the Investing.com forec...