Thomas Barwick As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
Vertigo3d/iStock via Getty Images MacroGenics (NASDAQ:MGNX) is an important biotech to keep an eye on, because it has been able to make remarkable progress on advancing the use of its lead drug vobra duo [vobramitamab duocarmazine] in the ongoing phase 2 TAMARACK study for the treatment of patients with metastatic castration-resistant prostate cancer [mCRPC]. It…
allanswart Vistagen Therapeutics (NASDAQ:VTGN) has proprietary platform technologies to discover and develop drugs that could redefine the treatment of mental health disorders. With a potential NDA-enabling Phase III program already funded, Vistagen is approaching some significant milestones that could be potent catalysts for the ticker. Moreover, the company’s deep pipeline of neuroscience candidates, each targeting…
nicodemos/iStock via Getty Images Verona Pharma plc (NASDAQ:VRNA) has submitted a marketing application to the US FDA for its drug ensifentrine, for the maintenance treatment of chronic obstructive pulmonary disease (COPD). This article takes a look at some of the bull and bear case points for VRNA. The Phase 3 studies Ensifentrine, an inhibitor of…
Bloomberg/Bloomberg via Getty Images Intro We wrote about Repsol, S.A. (OTCQX:REPYY) in July’2021 when we reviewed the key metrics that make up the company’s dividend. Although we saw no adverse trends in Repsol’s dividend at the time, we stamped a ‘Hold’ rating on the stock due to how the company’s liabilities were outpacing its assets…
lechatnoir Investment Thesis Sterling Infrastructure (NASDAQ:STRL) is an infrastructure services provider with services in e-infrastructure solutions, transportation solutions, and building solutions. Their services vary from infrastructure projects like roads, bridges, highways, ports, and airports to concrete work for residential and commercial builders, to projects like data centers, e-commerce distribution centers, and next generation manufacturing. These…
Boy Wirat As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
Oselote The bullish breakout in the industrial metals complex suggests that silver should mount a long-awaited recovery, and I remain bullish on the iShares Silver Trust ETF (NYSEARCA:SLV). Silver and the SLV have been locked in a large consolidation pattern for the past three years, and a bullish breakout seems like a matter of time….
Pla2na With the QQQ finally making all-time highs, many investors are wondering if it’s really just a “double top” and time to short the QQQ by buying PSQ. To answer this, we’re going to look at investor activity in PSQ itself, which has guided us before with this question. We’ll update the same internal indicators…
gopixa/iStock via Getty Images The UK economy continues to dodge recession, according to the flash PMI data, with growth picking up some momentum at the end of the year to suggest that GDP stagnated over the fourth quarter as a whole. The economy’s resilience, combined with a sticky inflation picture in the December PMI data,…
hapabapa Moderna (NASDAQ:MRNA) and Merck (MRK) reported data regarding their cutting-edge mRNA-based skin cancer regimen that includes the former’s cancer vaccine, MRNA-4157. The companies recently reported promising results from a Phase II trial, demonstrating the vaccine’s efficacy in treating melanoma. The data revealed a noteworthy 49% reduction in the possibility of cancer recurrence or death…
With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of…
Allison Dinner Overview Dr. Ing. h.c. F. Porsche AG (OTCPK:DRPRF) operates as a subsidiary of Porsche Automobil Holding and reported solid Q3 earnings amidst a global slowdown in luxury spending. Since its $85 billion spinoff from Volkswagen in 2022, shares have dropped roughly 25% from all-time highs, as the global luxury market saw a slowdown…
Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings. On Monday, October 30, the Dow Jones Industrial Average (INDEXDJX: .DJI) gained by over 511 points or 1.58%, ending the trading at 32,928.96. This was the biggest single-day gain market by the index, after June…
Ca-ssis October’s flash PMI data revealed that Japan’s private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufacturing production, though services activity growth also slowed to the weakest in the year-to-date. At the same time, forward-looking indicators outlined the likelihood for further…
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields…
Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in their Vaults, and will no longer earn points in their communities. American social news aggregation, content rating, and discussion platform Reddit has announced its decision to discontinue Community Points – a blockchain-based…
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge…
da-kuk Summary Converge Technology Solutions (TSX:CTS:CA) is an information technology services provider, providing integrated hardware and software solutions to mid-market enterprises. The majority of its revenue is generated from value added reselling of hardware and software solutions, with the remainder coming from professional services. CTS has achieved most of its incredible growth through acquisitions, but…
TERADAT SANTIVIVUT US business activity growth remained close to stalled for a second month in a row in September, according to flash PMI data compiled by S&P Global, suggesting that the pace of economic growth has weakened in the third quarter. Companies reported that demand remains under pressure from the increased cost of living and…
Drew Angerer/Getty Images News The streak of negative 2-year/10-year Treasury spreads has now reached 282 trading days, 4 trading days longer than the third longest streak since 1976. The probability that the inverted yield curve ends by February 16, 2024 is now 13.1% compared to 10.4% last week. As explained in Prof. Robert Jarrow’s book…