Company Overview and News
After gaining for three consecutive trading weeks, crude oil started this week on a stronger note by surging to 3.5-year high price levels. Carrying forward the strength, crude oil opened higher on May 22 and consolidated at elevated levels in the early hours.
Genesis Mining, which is the largest blockchain mining company based out of Iceland, put up billboards outside Warren Buffet’s office last week. The billboards said, “Warren: you said you were wrong about Google and Amazon. Maybe you’re wrong about Bitcoin?” (GOOGL) (AMZN).
Crude oil consolidated at elevated levels last week and recorded the third consecutive weekly gain. On Monday, crude oil opened higher and was trading at elevated levels in the early hours.
Precious metals funds are a smart and effective way of adding diversification to an investment portfolio. However, you don’t want to buy just any fund in the universe that provides exposure to precious metals.
After gaining for two weeks, crude oil started this week on a stronger note and gained in all of the trading days so far this week. Crude oil closed Thursday almost flat and opened higher on Friday. In the early hours on May 18, crude oil is consolidating at the highest levels traded since November 2011.
President Trump expressed doubt about the prospects of successful trade talks with China on May 17. The second round of trade talks is underway in Washington between a Chinese trade delegation and top US officials to avert a trade war. However, while answering questions from reporters during the White House’s meeting with the NATO (North Atlantic Treaty Organization) secretary general, Trump said that China and European countries have become “very spoiled” and that he cannot continue to allow large trade deficits.
Crude oil started this week on a stronger note and gained in the first three trading days of the week. Carrying forward the strength, crude oil opened stronger on Thursday and traded with strength at the highest levels traded since November 2011 in the early hours.
GLD/Gold was unable to breakthrough key support and has declined by about 5% in recent weeks.
Precious metals stocks peaked in 2011, then bottomed in late 2015, ahead of the broader bottom in commodity equities.
The benchmark ten-year Treasury bond yields (IEF) have cleared the psychologically important 3% mark again. On May 15, the benchmark yields settled at 3.1% compared to 3% the previous day. That’s the biggest one-day advance since March 2017. The yield was the highest level since 2011.
Gold ETF investors bought 173.4 tons of gold in 2017, which was 9% higher year-over-year. In 2018 year-to-date, the inflows in gold-backed ETFs have been strong. In times of increased volatility, investors are repositioning their portfolios to include more gold as a volatility hedge. Expectations of a global trade war triggered by President Trump’s import tariffs could lead investors to seek a haven in gold.
Crude oil started this week on a stable note by gaining on Monday but pulled back briefly on Tuesday. Crude oil opened May 16 on a stable note and traded with mixed sentiment in the early hours.
After gaining for two consecutive trading weeks, crude oil moved higher on Monday and started the week on a stronger note. Carrying forward the strength, crude oil opened stronger on Tuesday and trading with strength at 3.5-year high levels in the early hours.
Crude oil rose last week and recorded the second consecutive weekly gain amid the improved sentiment. However, crude oil opened Monday on a weaker note and consolidated at multiyear high price levels in the early hours.
After a strong performance last week, crude oil started this week on a positive note and moved higher as the week progressed. On Wednesday, crude oil surged to the highest levels traded since November 2014 and started Thursday on a stable note. In the early hours on May 10, crude oil traded with mixed sentiment at elevated levels.
23h - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
23h - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...