Anacor Pharmaceuticals (NASDAQ:ANAC)On Monday July 13, 2015 shares of Anacor went up 55%, closing around $131.93 per share after the company announced positive phase 3 results in patients who have atopic dermatitis. There were two phase 3 trials that were testing Anacor’s drug, Crisaborole, for these patients with atopic dermatitis — also known as Eczema. The company wanted to see […]
Stock Trading Alert: Positive Expectations Following Greece Debt Deal – New All-time Highs Ahead?By: Paul Rejczak | Thu, Jul 16, 2015SharePrintEmailStock Trading Alert originally published on July 16, 2015, 6:55 AM:Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index)Our intraday outlook is bearish, and our short-term outlook is […]
Benchmarks gained around 1% on Thursday after the Federal Reserve hinted that it will move slowly on raising interest rates. A majority of Fed officials had said on Wednesday that the economy is ready for a rate hike this year. Only 2 out of the 17 officials believe the central bank should not raise rates before next year. Meanwhile, consumer […]
Wikimedia CommonsStock investors are expected to tread carefully next week, as speculation about the timing of a US Federal Reserve interest rate hike adds to concerns about valuations.Since hitting record levels two weeks ago, the US stock market has struggled for direction, and investors said the next several sessions might prove no better. A run of better-than-expected economic figures failed […]
REUTERS – Wall Street opened lower on Thursday as Apple weighed on the major indexes and Celgene led a fall in biotech stocks, more than offsetting encouraging economic data.All the 10 major S&P sectors were down, with the technology index retreating 1.1 percent. The Nasdaq biotech index dropped 1.7 percent.Apple fell 2.3 percent to $125.70 and was the biggest drag […]
Benchmarks finished mostly lower on Thursday after stronger US dollar adversely affected oil and other commodity prices, dragging down energy and material stocks. The U.S dollar rebounded on Thursday after a sharp decline on Wednesday. While the S&P 500 and the Dow ended in negative territory, gains among bio-tech stocks and Facebook helped the Nasdaq close in the green.For a […]
Stephen Grupp, of the Children’s Hospital of Philadelphia, Emily Whitehead, and Vice CEO Shane Smith.Tomorrow night at 10 pm on the east and west coasts of the United States, Vice, the TV arm of the fast-growing Vice media empire, will air a special on HBO that posits that scientists are closing in on a cure for cancer.“Today in real time […]
Benchmarks finished Thursday’s session mostly in the red as oil prices dropped and deadlock over Greek debt deal continued. While decline in oil prices dragged energy shares down, Germany’s rejection of Greece’s request for loan extension unnerved investors. However, the Nasdaq settled in positive territory banking on gains among chipmakers and bio-tech stocks. Priceline’s upbeat quarterly results also helped the […]
Stock Trading Alert: Negative Expectations Following Swiss National Bank Decision To Unpeg Its CurrencyBy: Paul Rejczak | Thu, Jan 15, 2015SharePrintEmailStock Trading Alert originally published on January 15, 2015, 6:10 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook remains neutral, and our short-term outlook is neutral:Intraday (next 24 hours) outlook: neutralShort-term (next 1-2 weeks) outlook: neutralMedium-term (next […]
Bianco said he expects the decline in oil to bite into corporate profits next year.”The combination of a strong dollar and a plunge in oil prices—these things are the hallmarks of a profit recession even if the economy is doing fine,” he said. “You can argue this pain is isolated to multinationals and the producers exposed to the industry. … […]
