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Tag Archives: financial news

Oil Rigs "The US oil rig count was crushed this week"

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Oct 20, 2017:• The US oil rig count was crushed this week• Total US oil rigs were down 7 to 736• Horizontal oil rigs were down 10 to 638, the worst week for horizontal rigs since March 2016...• The loss of rigs is consistent with our lagged WTI model (below), but the scale of the decline this ...

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Support Pivot in Play for Netflix NFLX Here

Netflix (NFLX) shares continue the uptrend in motion and we just saw a sharp pullback to a key support level. What’s the level and what’s the play from here?  Shares continue the sequence of higher highs and higher lows in the context of rising moving averages, all of which define uptrends. The goal then is to buy pullbacks (retracements) to the rising moving averages, Fibonacci Levels (advanced), or trendlines. The most recent...

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A Few Comments on September Existing Home Sales

Earlier: NAR: "Existing-Home Sales Inch 0.7 Percent Higher in September"First, as usual, housing economist Tom Lawler's estimate was much closer to the NAR report than the consensus. So the slight month-to-month increase in reported sales, in September, was no surprise for CR readers.My view is a sales rate of 5.39 million is solid. In fact, I'd consider any existing home sales rate in the 5 to 5.5 million range solid based on the normal historical turnover of the existing stock. ...

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Brexit & Beyond: The Next Brexit Phase; Austrian Vote Winner Begins Far Right Talks

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Theresa May, delivering her speech in Florence on Sept. 22. The British Prime Minister insists the speech reset negotiations. Photographer: Chris Ratcliffe/Bloomberg Bloomberg News EU Inches Forward on Brexit but Says Progress Is Too Slow: European Union leaders signaled willingness to advance to the next phase ...

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Microsoft’s Market Value Hits a Dot-Com Era Milestone: $600 Billion

Microsoft‘s value is returning to tech-bubble peaks. The software giant closed with a market value of $600 billion Thursday for the first time since January 2000, according to the Journal’s Market Data Group. Shares rose 0.4% to $77.91, setting a fresh all-time high. For the year, Microsoft shares are up 25% and on track for their best year since 2013, as the firm continues its rebirth as a force in cloud-computing. The firm is the third-largest S&P...

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Lacroix Maker’s Frustration Bubbles Over

Nick A. Caporella needs to kick back and have a LaCroix. So it seems from the press release the CEO of National Beverage, the maker of the popular flavored bubbly water, issued Thursday in response to “recent market volatility” that has sent the company’s shares down 19% in the past month. Mr. Caporella has an idea why. “Are perpetrators stimulating movement by stating falsehoods, creating rumors and deliberately manipulating FIZZ value?”  We think so!” FIZZ is...

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Brexit & Beyond: Spain to End Catalan Autonomy, U.K. Pitches Citizen Rights, Europeans Ignore British Brexit Warnings

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Spain’s Prime Minister Mariano Rajoy speaks during a press conference in Madrid. (AP Photo/Paul White) PAUL WHITE/ASSOCIATED PRESS Spain to Propose Measures to Strip Catalonia of Powers: Prime Minister Mariano Rajoy ...

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Remember That Yacht Goldman Seized? It Got Sold

Bon voyage to the S.S. Lloyd. Goldman Sachs Group has found a buyer for the 217-foot yacht it seized in July after a client defaulted on a loan backed by the vessel, according to a court filing. A Maltese buyer has agreed to pay $27.5 million for “Natita,” a luxury yacht that boasts a movie theater, Jacuzzi and helipad. Its owner is William Kallop, a wealthy Texas ...

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