Investing

Last week’s stock market rise produced exciting breakouts, including a Dow Theory bull market signal as both key Dow Jones Averages (Industrial and Transportation) made important rises simultaneously. While neither reached an all-time high, both made important interim highs. These gains seemingly reversed their lower-highs/lower-lows downtrends. The three graphs below show last week’s favorable actions.
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Over the last several blogs, we have opined that the pandemic hasn’t changed the economy’s potential growth path. The chart shows GDP growth rates beginning in the mid-1990s (with the Atlanta Fed’s +1.3% Q3/2021 forecast). The horizontal line shows a 2% growth level. Note that the left-hand side of the chart shows much higher growth than the right-hand
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After an absence of over eighteen months, I made it across the Channel to the UK. Such has been the barrage of Brexit bad spirit from political marauders like David Frost and tales of fuel, labour and food shortages, not to mention rising COVID cases, have been so apocalyptic that I worried I might not
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Yesterday, Coinbase released a Digital Asset Policy Proposal that includes a vision of a regulatory environment for digital assets, including a new designated federal regulator for cryptocurrency. Faryar Shirzad, the new Chief Policy Officer at Coinbase who joined as of May of 2021, is the author of the document and previously co-led Government Affairs for
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AllDay Marts—controlled by billionaire Manuel Villar—priced its initial public offering at 0.60 pesos per share, 25% lower than the maximum indicative price, adding to signs of waning investor appetite in one of the hottest IPO markets in Southeast Asia. The supermarket chain is the latest company in recent months to drastically cut its IPO price.
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Social media giant Snap (SNAP) has had a notable year, boasting a roughly 50% lead since the start of 2021. What’s more, the stock is fresh off a record high of $83.34, which it touched on Sept. 24, thanks in part to a mid-August bull gap. SNAP pulled back from this peak in October, but
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NetEase’s stock (NASDAQ: NTES) rose by 8.3% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 2.5% over the same period. NetEase is a Chinese Internet technology company which provides online services. They develop and operate online PC and mobile games, advertising services, email services and e-commerce platforms in China.
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Ayala Land—controlled by billionaire Jaime Zobel de Ayala and his family—said it has transferred office and retail properties worth 15.5 billion pesos ($305 million) into its real estate investment trust AREIT following regulatory approval. The assets—with a gross leasable area of 205,000 square meters—will boost AREIT’s portfolio by 60% to 549,000 square meters. The properties,
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DocuSign Inc. stock (NASDAQ: DOCU) has gained over 4% in the past week and currently trades at almost $268 per share. Additionally, DocuSign, an eAgreement management company, has seen its stock lose almost 5% over the last month, dropping from over $280. However, the company’s recent Q2 2022 earnings (DOCU’s fiscal year ends in January)
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In late September, Chicago Mayor Lori Lightfoot delivered her 2022 budget address to the City Council. It was filled with a long list of new spending programs, including $400 million for community safety/violence reduction plans, $52 million for increased mental health services, $240 million for subsidized housing programs, $20 million for artists, and the list
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With the festivities starting for Halloween, Congress has chosen to provide tricks rather than treats in their desire to increase taxes and push through significant tax law changes through a process called budget reconciliation. As Congress holds the federal purse strings, they can focus on policy regarding spending and revenue through the budget reconciliation process, which
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Fresh from the $4.7 billion acquisition of troubled lender Dewan Housing Finance Corporation Ltd. (DHFL) last week, pharma tycoon Ajay Piramal, 66, is simplifying the structure at the $1.7 billion (fiscal 2021 revenue) Piramal Enterprises by creating a diversified financial services conglomerate and a leading pharma player. On Thursday, the board of Piramal Enterprises approved
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Megaworld—controlled by billionaire Andrew Tan—said Wednesday it will invest 98 billion pesos ($1.9 billion) to build a suburban business district in the province of Bulacan, about 26 kilometers north of the Philippine capital of Manila. To be called Northwin Global City, Megaworld said it will build the project on an 85-hectare site in the Bulacan
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MoneyGram International, Inc., one of the largest money transfer services in the world, is partnering with the Stellar Development Foundation, a non-profit organization that supports the development of Stellar, a blockchain network that facilitates cross-border transactions. The Stellar network utilizes the XLM coin to operate, currently priced at $0.327 with a $7.8 billion market capitalization. 
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Amazon founder Jeff Bezos has joined the latest funding round for Indonesian startup Ula, the first such investment in Southeast Asia for the world’s second-richest person. Bezos participated in Ula’s Series B funding through Bezos Expedition, the billionaire’s family office that manages his personal investments including aerospace company Blue Origin. Ula’s latest round, which raised
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Topline Technology stocks led a sharp Monday selloff as inflation expectations continued to drive a staggering increase in yields on the ten-year Treasury—undercutting lofty stock valuations and hitting longtime market leaders like Apple and Facebook the hardest.  Key Facts The Dow Jones Industrial Average fell 323 points, or 0.9%, to 34,003 on Monday, while the
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The stock market endured some heavy selling early in the week, as the mixed close on Monday led to an afternoon plunge on Tuesday. The Nasdaq Composite closed Tuesday down 2.8%. There were clear technical signs before Tuesday’s higher open that the correction was not over. The sharp increase in yields was another catalyst. The
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