Halozyme stock rocketed to a record high Friday as its newer Enhanze-tied products start driving incremental growth. Enhanze is a drug delivery platform that allows large volumes of intravenous meds to be given with an under-the-skin, or subcutaneous, shot. It does this by breaking down a key barrier in the skin. Despite a looming patent…
HOUSTON, Aug 7 (Reuters) – Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control of, and reopen, the key shipping artery of the Strait of āHormuz. Brent crude futures settled at $83.55 a barrel, gaining $1.06, or 1.3%. West Texas Intermediate futures…
Key Points Interested in The Wendy’s Company? Here are five stocks we like better. Wendy’s reported weak second-quarter results: Global systemwide sales fell 6.5%, U.S. same-restaurant sales declined 7% as traffic dropped 12.5%, adjusted EBITDA decreased to $124.1 million, and adjusted EPS was $0.18. New CEO Bob Wright said the brand’s quality, value proposition, operations…
With partners like Nvidia (NVDA), Microsoft (MSFT) and Advanced Micro Devices (AMD), Dell Technologies (DELL) continues to ride the artificial intelligence boom to new heights. Now Dell stock is teasing a breakout into a new buy zone. As the tech-heavy Nasdaq composite shores up its recent rally, here are three indicators that bode well for…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
John D. Staszak, CFA Securities Analyst: Consumer Discretionary & Consumer Staples John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as…
Most market participants understand the historical utility of gold as the ultimate store of value. But what happens when the underlying valuation mechanism of the commodity itself comes under systemic risk? The Foreign Debt & Central Bank Trilemma1. The Mechanics of Foreign Treasury Sales (e.g., Japan/BoJ):When foreign entities liquidate U.S. Treasuries to prop up domestic…
Gold continues to trade inside a rising channel after a successful breakout from the previous consolidation range. Buyers are defending higher lows, while the former resistance area is acting as a key support zone. As long as price holds above this structure, the bullish momentum may remain intact.Key level to watch: 4350 support area.Potential upside…
Overall, gold now has the macro advantage because the labor data supports lower rates and a weaker dollar. What pros are likely seeingMacro desks will probably read this as a Fed repricing event. They will look for: Whether Treasury yields collapse. Whether the dollar weakens cleanly. Whether gold holds the breakout after the first 5ā15…
š EURJPY: Liquidity sweep & intervention risk analysis š„ What happened?EURJPY made another sharp move lower after failing to hold above the 182.60-182.63 resistance zone. Price dropped below the short-term moving averages and is now trading near 181.94, close to the psychological 182.00 level.Earlier, the pair already swept liquidity toward 181.33 and recovered. Now the…
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