Maher's Digital World

Financial news and stock markets.

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #220 on: August 25, 2019, 05:36 PM »
As forecasted, the futures for tomorrow are very red.
The Dow sheds 270 points as Trump and Bolsonaro have a rough patch in Bayonne.




I gave a target for gold at 1580$ a few days ago and we are coming close this price. Gold is literally soaring tonight, +3.45% at 1549$ vs 1497$ on Friday.
I thing we can have a target at 70$ for Agnico eagle mines.
« Last Edit: August 25, 2019, 05:53 PM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #221 on: August 27, 2019, 03:29 PM »
Today, I'm going to give you another quick insight into financial news.

Wall Street slipped on Tuesday hurt by a fall in financial stocks, while revived worries about a U.S. recession overshadowed early optimism of a resolution to the prolonged trade dispute between the world's two largest economies.

U.S. stocks were up earlier in the session, building on gains from Monday, after U.S. President Donald Trump sought to ease tensions by predicting another round of talks with Beijing. China's foreign ministry, however, reiterated on Tuesday that it had not received any recent telephone call from the United States on trade.

Investor sentiment soured after the inversion in the U.S. Treasury yield curve deepened further and the benchmark 10-year yields slipped, underscoring safe-haven demand and worries about a softening global economy.

In this context, Agnico Eagle soared, as forecasted.


Humbert, usmangujjar and little shadow.97 are certainly wondering if the markets are gonna slip further tomorrow.
Judging by the futures and the closing of Wall Street, The cac 40 and the Dax are likely to open negatively and lose 0,5%.
We'll watch Societe Generale. The overall trend is still negative and the resistance is situated at 23€. I will buy if the stocks go back to 21,8€.

Adocia lost 40% since the beginning of the week. And yet I don't think it's time to buy yet. It will probably go back to 11€. On this level, maybe you can buy a first position.
The newsflow and the financial context are both bad indeed.
The first ruling in the battle between Adocia and Eli Lilly over a terminated long-acting insulin deal was a David versus Goliath victory for the small biotech, which was awarded $11.6m damages a year ago. Yesterday normal service was resumed, with Lilly prevailing on the broader allegation by Adocia that the US big pharma group had misappropriated information relating to the technology that had been the subject of the deal. The tie-up had actually been signed and terminated twice, as Lilly appeared uncertain whether the timelines were aggressive enough, but in the end the company decided to go with its own long-acting insulin, Ultra-rapid Lispro, rather than Adocia’s BioChaperone Lispro. Still unresolved is a separate claim from Lilly asserting patent rights to its long-acting product, but yesterday’s arbitration result seems to make this irrelevant. Adocia’s stock was off 27% today, meaning that it has lost 80% of its value since 2015, after Lilly re-signed the BioChaperone deal. Perhaps Adocia should follow advice given to all spurned lovers and make an effort to draw a line under the incident.



https://www.youtube.com/watch?v=24xRFPGMImY
https://www.youtube.com/watch?v=cxUuU1jwMgM
https://www.youtube.com/watch?v=ZnBeTPpr98g
« Last Edit: August 27, 2019, 03:52 PM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #222 on: August 28, 2019, 07:07 AM »
Today, the cac 40 is down 1.2%.
I advise you to be careful. The  Süddeutsche Zeitung is warning of an imminent financial crisis. In this context, let's stay bullish on gold.
An article here in French: https://m.dw.com/fr/limminence-dune-crise-financi%C3%A8re-majeure/a-50187859

The cac 40: https://www.boursorama.com/bourse/indices/cours/1rPCAC/

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #223 on: August 29, 2019, 05:06 AM »
A few months ago, I talked about uber here: http://www.nomaher.com/forum/index.php?topic=3226.msg34227#msg34227
And I was pessimistic concerning the stock price. I hope you listened to my advice. It lost 20% over the last week, at 32.59$. I was talking about a halving of the stock price. The target is 22$ !

Yesterday the US market rebounded. The futures are indicating they will be up today too. On such levels, 2910 for the s&p 500, I'm bearish.

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #224 on: August 29, 2019, 04:50 PM »
Tonight, new and reposted videos are available for the users of the forum.


Repost:
Hulot – break the internet (with English subtitles)
https://www.youtube.com/watch?v=yKLWW_j4a_E

Angel, the best dancer
https://www.youtube.com/watch?v=xyOasG6i-hA


New:
Michel Onfray on Muslims and Sharia.
https://www.youtube.com/watch?v=kkOUBc4lR_w

Valuation Is More Important Than Politics or Interest Rates: And Most Stocks Are Overvalued Today
https://www.youtube.com/watch?v=n55zTkpUUT0

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #225 on: September 02, 2019, 03:41 PM »
Tonight, I'm going to give you a quick insight into the stock markets.

The s&p 500 futures are currently indicating a stock market decline of 0.7% for tomorrow.
After the recent technical rebound, I think it's wise to keep the same strategy: be bearish on the market and bullish on gold.


I'm going to talk about the biotech company Pharnext. And the question is pretty simple: To buy or not to buy?
Shadow.97 or humbert have probably no clues about it.
To put it simply: the stock price fell by over 55% over the last week. Is it going to the cellar, or will there be a small technical rebound? In my opinion, it can be interesting to buy now, for a technical rebound of 5-10%, even if in the medium term, I think the stock will slide down further towards 4€.
https://www.zonebourse.com/PHARNEXT-29750723/

Last week, Pharnext’s hopes of a quick approval for its Charcot-Marie-Tooth disease project PXT3003 have been dashed by the US FDA. The agency’s request for a second phase III study of the asset could have been foreseen after formulation issues halted the high-dose arm of the previous trial, Pleo-CMT; this was the only dose to show a significant benefit on the primary and secondary endpoints. Still, Pharnext’s stock was down as much as 42% on Friday, below its price when the company reported the first phase III data last October. Pharnext has not given details of the new trial’s design, but there must be worries about whether the group can complete it: Pleo-CMT took three years to yield data, and Pharnext had just €32m ($35m) in cash at the end of March. PXT3003, a combination of baclofen, naltrexone and sorbitol, is in a long-term follow-up study set to yield data later this year. The company is also seeking a fast approval for PXT3003 in Europe, but it now looks likely that regulators there will also request another study. According to EvaluatePharma the only other prominent project in clinical development for Charcot-Marie-Tooth disease is Acceleron’s ACE-083, which is in phase II.
« Last Edit: September 02, 2019, 03:45 PM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #226 on: September 03, 2019, 09:12 AM »
-0.84% on the cac40.
https://www.boursorama.com/bourse/indices/cours/1rPCAC/

Be very careful, the levels of the stock markets are still high, and the next crack may indeed be imminent.
Note that I had some Pharnext stocks. Like I said yesterday, I was expecting a rebound. It took place (+6.5% right now) and I sold my position. If the stock goes below 5€, I'll come back later.
https://www.boursorama.com/cours/1rPALPHA/

In this context gold is up 1.6% at 1545$.
« Last Edit: September 03, 2019, 09:24 AM by scarface »

Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #227 on: September 07, 2019, 05:58 AM »
Today, I'm going to talk about the future of cash.

Many countries have become cashless. It's the case in Sweden and Palestine. shadow.97 and Maher can confirm it.
It's also the case in the United Kingdom: Royal Mint Makes No New 1p, 2p or £2 Coins, As Britons Ditch Cash.



For the first time in decades the Royal Mint has struck no new 1p, 2p, or £2 coins, reflecting changes in the way Britons pay for goods and services.

2018-19 was the first year since 1972 no new 1p coins have entered circulation and the first year since 1984 there are no new 2p coins. The Royal Mint also issued no new £2 coins.

The Royal Mint releases new coins under instruction from the Treasury, which responds to demand from banks and Post Offices. In a typical year, it issues around 100 million new 1p coins.

But last year, it found there were already enough of these denominations in circulation. That’s more than 11 billion 1p coins, around 2.5 billion 2p coins, and 494 million £2 coins.

Although billions of copper coins will continue to roll around in our bags and fall between couch cushions, their future is in question. Last year Chancellor Philip Hammond announced in his spring statement that the Treasury would be reviewing cash and digital payments and the use of coins. It said it didn’t make economic sense to expensively produce coins and notes that were used infrequently.

The Treasury found that 60% of copper coins are used for just one transaction, before being stowed away, in wallets or piggy banks, or lost.

But after a media campaign and protests from charities, which rely on bucket collections, the government affirmed that it had had no plans to scrap 1p and 2p coins.





Offline humbert

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  • 2072
Re: Financial news and stock markets.
« Reply #228 on: September 07, 2019, 08:51 PM »
Today, I'm going to talk about the future of cash.
Many countries have become cashless. It's the case in Sweden and Palestine. shadow.97 and Maher can confirm it.

In this country it won't happen any time soon. In order for this to work, everyone at the very least needs a bank account. Without it, using a debit card or Android/Google/Apple pay isn't possible. Not everybody has one, nor does everyone has a cell phone. There are also many people whose credit is so bad they don't qualify for a credit card and would have a hard time getting a debit card.

I'm not familiar with what's happening in Sweden or Palestine. I believe that pulling this off in Sweden is more possible than it is here. Sweden is a very advanced country with virtually no poverty. Palestine is a different story. The level of poverty is much higher, not to mention they're under Israeli occupation.Maher can't even get his own PayPal account.

Clearly governments are very interested in getting rid of cash. It'll put a serious dent in tax evasion and drug trafficking, which rely heavily on cash. Even if they resort to cryptocurrency, how many merchants accept Bitcoin, let alone all the others? Nothing will happen if Bitcoin remains as unstable as it is now.


Offline scarface

  • *****
  • 2013
Re: Financial news and stock markets.
« Reply #229 on: September 08, 2019, 05:11 PM »
Tonight I'm going to talk about the stock markets.
I think it's time to be cautious.

Morgan Stanley’s Mike Wilson — who has mostly been bearish on stocks the last year — nicely lays out the case for investors to approach September and year end with caution.

For starters, the global manufacturing recession is getting next level worse. Wilson notes that 70% of purchasing managing indexes (PMIs) — a key gauge on the manufacturing sector’s health — globally are below the 50 level that separates contraction from expansion. Wilson says he hasn’t seen these types of readings since the 2008-9 financial crisis.

To that end, the Institute for Supply Management said Tuesday its PMI index dove to 49.1 in August. That was below the important 50 level and much worse than market expectations. It also marked the first time in contraction zone since 2016. New orders within the PMI report dropped to a seven-year low.

Besides weakening manufacturing conditions (insert trade war aftershocks), which is creating downside momentum to GDP readings from Germany to the U.S., Wilson says Wall Street profit estimates are beginning to come under pressure. By extension, stock prices have to adjust for this one.

S&P 500 profit estimates for the third quarter call for a 2.7% decline, worse than the 0.5% decline seen in the first half of the year. Wilson notes for the S&P 500, profits are seen diving 7.4% in the third quarter compared to a 5% decline in the first six months of the year.

Wilson expects the S&P 500 to drop about 10% to 2,700 by year end. He recommends investors stay positioned in defensive stocks such as consumer staples and utilities.