These six Dow components are set to report quarterly results this week. Investor reaction to these reports could decide whether or not the weekly chart for the Dow 30 shifts to negative or not. American Express reports quarterly results after the closing bell on Wednesday and analysts expect the company to earn $1.38 per share. The stock is down 7.5% year to date and is below its 50-day and 200-day simple moving averages at $91.43 and $89.89, ...
Investors continue to look at the John Paulson as a way to bet on rising merger and acquisition activity globally, as companies look to scale their operations and take advantage of record-low financing costs. Billionaire John Paulson received a lot of press for a 36% drop in his Advantage Plus fund last year as assets at Paulson & Co. fell below $20 billion. But investors continue to look at the hedge fund manager as a way to bet on rising ...
In the otherwise forgettable movie Cocktail, when Tom Cruise’s character Brian Flanagan abruptly splits with his date Bonnie, she pleads with him not to let their relationship end badly. He replies “everything ends badly: otherwise it wouldn’t end.” The turmoil in foreign exchange markets caused by Switzerland’s abrupt ending of its Euro peg may be such a bad moment for the Euro—and it comes figuratively moments before another likely bad moment, ...
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