Several major biotech companies like Biogen (BIIB – Analyst Report), AbbVie (ABBV – Analyst Report), Celgene and Gilead reported second quarter results over the last five trading days. Biogen has been grabbing headlines for the wrong reasons – although the company’s earnings were better-than-expected, revenues missed expectations.With the company saying that it is cutting its outlook based on revised expectations […]
(Drivebycuriosity) – “The end of capitalism has begun”, claims the British paper “The Guardian” (theguardian). The text looks like a wet socialist dream. Paul Mason, a Marxist and author of this article, declares that information technology (Internet, software, cloud computing and more) will destroy capitalism and replace it by “postcapitalism”.I disagree. Capitalism is just changing its face, as it has […]
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Some Long-Term Charts At Key Inflection PointsBe aware of these surroundings, friends!by Chris Kimble.It could pay to be “aware of these surroundings!”(1) – Nasdaq Composite Index (COMP) is back at 2000 highs, with little wiggle room at the top of this rising wedge pattern(2) – Google (GOOG) (GOOGL) shot up after earnings two weeks ago hitting a resistance line based […]
Dr. Ed’s BlogThis is an excellent article about when the next recession will start. Dr. Ed Yardeni is worth heeding, and you could bookmark his blog to stay in touch with Ed for more information. He believes the next recession might start around March of 2019. This means that we should ride the stock market until we are near the […]
Related BZSUMMarket Update: Wall Street Analysts Take On CNX Coal ResourcesMid-Day Market Update: U.S. Stocks Slide; Marketo Shares Surge On Earnings BeatRelated TEVATeva Buys Allergan Unit: How Mylan, Other Biotech Stocks Are ReactingBenzinga’s Volume MoversStocks In The Red But Off Lows As Shanghai, Europe Weigh(Investor’s Business Daily)China stocks suffered the sharpest daily decline since 2007. According to The Wall Street […]
Related TEVATeva Still A ‘Must-Own’ Stock, Worth $86Benzinga’s Top UpgradesWeekly 52-Week Highs Highlight: GIS, AAP, BCR, TEVA(GuruFocus)Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) surged to new 52-week highs of $69.42 on Monday after the company announced its acquisition of Allergan PLC (NYSE: AGN)’s Generics segment for a total consideration of $40.5 billion.Shares of Allergan also spiked to new […]
The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week
By Michael Snyder, on July 26th, 2015Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what […]
This week the casino got monkey hammered. While the last holdouts went parabolic…FANG:Wall Street’s latest acronym is Facebook, Amazon, Netflix and Google. The whole world is falling apart, but the good news is that Amazon finally made a microscopic profit by selling cheap shit over the internet. Their trailing profit margin is -.2%. I’m not making this shit up. And […]
The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday. Photo: APThe S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen more than halved its revenue growth forecast for 2015 and its stock […]
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, July 23, 2015.Reuters/Lucas Jackson n”>The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen (BIIB.O) more than halved […]
