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US Dollar Index Eases From Tops Near 90.40, Focus On US CPI
Article By:
Pablo Piovano
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Wednesday, May 12, 2021 8:09 AM EDT
DXY gives away earlier gains to the 90.40 region. US 10-year yields also creeps lower around 1.61%. US inflation figures tracked by the CPI next of relevance in the docket.
In this article: UUP
Gold Is Ranging For Both Bulls And Bears
Article By:
Nenad Kerkez
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Wednesday, May 12, 2021 8:05 AM EDT
Gold is ranging which means that both bulls and bears could profit from intraday trades.
In this article: GLD
Nasdaq 100 Hi-Lo Index Goes Deep
Article By:
Tony Cherniawski
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Wednesday, May 12, 2021 8:00 AM EDT
NDX futures made a low of 13185.00 shortly after midnight, then attempted a bounce back. It is currently down 85 points, solidly beneath the 50-day Moving Average and on a confirmed sell signal.
That '70s Show
Article By:
David Pinsen
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Wednesday, May 12, 2021 7:55 AM EDT
Chaos in the Middle East and gas lines at home suggest another historical analog.
In this article: QQQ
Is BioCryst Pharmaceuticals A Good Biotech Stock To Own?
Article By:
StockNews
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Wednesday, May 12, 2021 7:45 AM EDT
Growing investor interest in the bio-pharmaceuticals industry, combined with various technology innovations leading to breakthrough drug trials, have allowed BCRX to generate $19.10 million in revenues in the first quarter, ended March 31.
In this article: BCRX
An Inflationary Mulligan Stew
Article By:
WisdomTree
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Wednesday, May 12, 2021 7:37 AM EDT
Last week, Treasury Secretary Janet Yellen seemed to forget for a moment that she was in a new role—one that does not set monetary policy. Against that backdrop, let’s just say Secretary Yellen got her first mulligan.
In this article: USFR
Energy Stocks Continue To Thrash Tech Shares Year To Date
Article By:
James Picerno
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Wednesday, May 12, 2021 7:28 AM EDT
It’s been a year of trading places for performance outliers in the US equity sector space. The formerly high-flying tech sector is now the laggard while energy stocks continue to hold the lead, based on a set of ETFs through May 11.
The Dollar Stabilizes But Stocks, Not So Much
Article By:
Marc Chandler
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Wednesday, May 12, 2021 7:24 AM EDT
The markets remain on edge. Asia Pacific and US equities have yet to find stable footing, and inflation fears are elevated. The foreign exchange market has turned quiet as the dollar consolidates its recent losses.
Daily Stock Analysis: Myers Industries (MYE)
Article By:
Fredrik Arnold
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Wednesday, May 12, 2021 7:20 AM EDT
Myers's price per share closed at $21.34 yesterday. One year ago its price was $11.42. Thus, the price per share has grown 86.9% as it recovered from last-year's Covid market slump.
In this article: MYE
Ginkgo’s $17.5 Bln SPAC Deal Presupposes Success
Article By:
Lipper Alpha Insight
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Wednesday, May 12, 2021 7:10 AM EDT
Ginkgo Bioworks is promising a future that’s grown rather than built. That is the story underlying the company’s $17.5 billion valuation in a deal with special purpose acquisition company Soaring Eagle Acquisition.
DAX Forecast: Bounces From Big Figure
Article By:
Christopher Lewis
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Wednesday, May 12, 2021 7:00 AM EDT
The DAX fell initially during the course of the trading session to reach down towards the 15,000 level, an area that has been important more than once.
In this article: DAX
Awaiting April CPI Results
The Oil Trade Is No Longer A Slam Dunk
Article By:
Jason Kelly
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Wednesday, May 12, 2021 6:34 AM EDT
Oil is back to a normal price range, as the world economy reopens slowly, not in a rush that might overwhelm reduced production capabilities. OPEC and others look ready for gradually rising demand—such as it will be—if not a surprise demand surge.
In this article: UCO
Eurozone: Short Rest Before The Rebound
Article By:
Carsten Brzeski
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Wednesday, May 12, 2021 6:11 AM EDT
March industrial production was weak but the ingredients for a sharp rebound to start in April are in place.
In this article: EZU