Shares of Alibaba (BABA) are up more than 4% today, trading at a new 52 week high. BABA is up 28% on the year, and up 82 from its 52 week and all time lows …
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Regular readers are familiar with my views on bank stocks (from April here and early June here). Given the weakness of most into and out of the Brexit vote late last week we took the opportunity …
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Bill Ackman, founder of hedge fund firm Pershing Square, might have dropped out of the three comas club in the last week with his 21.5 million share position in Valeant (VRX) down about 25% from last week’s …
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Facebook’s (FB) shares closed at an all time high on the eve of their Q3 results on October 28th. The following day FB shares declined 6% on guidance for lower than expected revenues coupled with significantly higher …
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Important news has a way of being released at the exact moment when everyone is looking the other direction – such was the case with the Wall Street Journal story that PIMCO was being investigated …
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Asian Stocks Mostly Lower, Led by China – The Shanghai Composite closed down 2% after a steady drip lower from open to close. Chinese Foreign Direct Investment was only up 0.6% year over year (vs. …
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Larry Summers withdrew his name from the Federal Reserve Chairman pool on Sunday afternoon New York time. Classic risk-on price action has ensued in the overnight session. Larry Summers Won’t be Fed Chairman. After months …
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The main overnight move occurred around 1:15 am EDT following this online Nikkei report. Financial markets have since retraced much of that move. Nikkei Speculates That Summers to be Nominated for Fed chair soon – The …
Continue readingStock volumes were near 1 month lows, and options were no exception. Here are some notable names in options today: VIX – Interesting that VIX stayed green the whole day, even as market rallied in …
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