DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock

Sell DryShips on the surge

Sell DryShips on the surge

DryShips soared by more than 50% in today's trade following news that CEO George Economou agreed to enter

DryShips (NASDAQ:DRYS) soared by more than 50% in today’s trade following news that CEO George Economou agreed to enter into a private placement with the company and the company ended its controversial stock issuance to Kalani Investments.



 

DryShips

 

But Heard On The Street‘s Spencer Jakab notes that Economou’s payment “effectively will consist of shipping assets, redeemed loans and a series of preferred stock that had given him super-voting rights that had cemented his control over the company during the rapid dilution.”

“Economou remains the captain of this ship. That is reason enough for those fortunate enough to have made a quick gain to hop off at the next port,” Jakab writes.

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STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge i

DOLLAR SET FOR BIGGEST WEEKLY DROP IN SIX WEEKS AMID STERLING SURGE

DOLLAR SET FOR BIGGEST WEEKLY DROP IN SIX WEEKS AMID STERLING SURGE

STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge i

BUZ INVESTORS   STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge in both the pound and Canadian dollar, after central bank governors from both the Bank of England and the Bank of Canada hinted at tapering current accommodative monetary policy measures.

Bullish comments from central bank bosses concerning monetary policy weighed on the dollar for the second-straight day, as traders speculated that both the Bank of England and Bank of Canada may adopt tighter monetary policy measures soon.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.44% to 95.76.




STERLING SURGE

 

GBP/USD surged to a post-election high of $1.2973, up more 1%, after Bank of England governor Mark Carney, appeared to reverse his recent assertion that there ‘was no need to raise rates soon’, hinting that a rate hike may be in the pipeline, suggesting that “some removal of monetary stimulus is likely to become necessary”.

Bank of Canada governor Stephen Poloz adopted a similar tone concerning monetary policy, reiterating the central bank may be considering raising interest rates, asserting that rate cuts from 2015 ‘have done their job’.

USD/CAD fell to four-month lows of C$1.3039, down more 1%.

The euro pared earlier losses against the dollar, rising 0.33% to $1.1378, despite European Central Bank (ECB) sources saying markets misjudged ECB president Mario Draghi’s comments a day earlier.

Meanwhile, in the U.S. the Senate’s decision to delay a vote on a health-care bill to repeal and replace Obamacare weighed on dollar sentiment, as investors questioned whether the delay would derail President Trump’s plan to introduce pro-growth economic measures such as tax-reform.

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DOLLAR SINKS The dollar slumped against a basket of global currencies, pressured by a surge in the euro, after the European Central Bank hinted at tapering emergences stimulus while Fed chair Janet Yellen reiterated the need to raised rate “very gradually”.

DOLLAR SINKS TO SEVEN-MONTH LOWS AGAINST RIVALS AMID EURO SURGE

DOLLAR SINKS TO SEVEN-MONTH LOWS AGAINST RIVALS AMID EURO SURGE

DOLLAR SINKS The dollar slumped against a basket of global currencies, pressured by a surge in the euro, after the European Central Bank hinted at tapering emergences stimulus while Fed chair Janet Yellen reiterated the need to raised rate “very gradually”.

BUZ INVESTORS   DOLLAR SINKS The dollar slumped against a basket of global currencies, pressured by a surge in the euro, after the European Central Bank hinted at tapering emergences stimulus while Fed chair Janet Yellen reiterated the need to raised rate “very gradually”.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 1.06% to 96.08.

The dollar extended losses, as Fed chair Janet Yellen offered relatively little input on monetary policy Tuesday, reiterating that it was appropriate to raise interest rates “very gradually to a level that [is] likely to remain quite low by historical standards for a long time”.

“We intend to very gradually shrink our balance sheet, we will not be selling assets and we’ve been providing more and more detail on that,” she added.




DOLLAR SINKS

Prior to Yellen’s speech, the dollar had been nursing losses against euro, as the single currency surged to $1.1349, after Mario Draghi, president of the European Central Bank, praised the eurozone’s economic recovery, fuelling expectations that the ECB was close to tapering its emergency stimulus measures.

Bullish economic data failed to lift sentiment on the greenback, as The Consumer Confidence Index rose in June to 118.9, despite expectations for it to drop, The Conference Board announced Tuesday.

Meanwhile, GBP/USD rose to $1.2831, after the release of the Bank of England’s Financial Stability Report suggested that UK banks would have to raise the amount of capital they held in storage to protect against any shocks to the financial system.

A surge in oil prices strengthened oil-linked Canadian dollar, with USD/CAD falling to C$1.3159, down 0.63%.

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$4 Marijuana Stock If you think social media and Internet of Things (IoT) stocks are hot, a non-tech segment that has been flying high on the charts is the marijuana space.

This Tiny $4 Marijuana Stock Poised to Surge

|Chart | Calendar   | TRADE NOW | Aphria

Aphria Is a High Flyer with Tremendous Opportunities

BUZ INVESTORS   $4 Marijuana Stock If you think social media and Internet of Things (IoT) stocks are hot, a non-tech segment that has been flying high on the charts is the marijuana space. There are a handful of legitimate producers at this time, and an intriguing small-cap company is Canada-based Aphria Inc (OTCMKTS:APHQF, CVE:(APH). Its stock is currently trading around $4.00, with a market cap of $579.3 million.

Aphria is situated in a farming community in Ontario, Canada, which kind of makes sense if you are growing plants.

What gives Aphria a head start in the rapidly-growing marijuana space is that the company is establishing itself as a grower of top-quality safe medical cannabis via its greenhouses. The product is different from the plants you may stumble upon in someone’s backyard or home.

My Bull Case for APHQF Stock

Under the Cannabis Act, Aphria will become a licensed producer of marijuana. We are only at the early stages of the marijuana sector, but the long-term upside looks rewarding.

The market for legal marijuana in North America was $6.9 billion in 2016, up 34% year-over-year, according to The Arcview Group. Legal sales could topple $50.0 billion by 2016, based on research by Cowen &  Co. (Source: “Say What? A Republican Just Introduced a Bill to End the Federal Prohibition of Marijuana,” The Motley Fool, March 11, 2017.)

$4 Marijuana Stock

The outlook looks promising for the top marijuana producers, such as Aphria. The company raised CA$100.0 million in April to be earmarked for expansion and working capital. Upon the completion of the current expansion phase, Aphria expects to be producing around 5,500 kilograms of dried cannabis and 9,000 liters of cannabis oil.

Aphria also recently joined with Tetra Bio Pharma Inc (OTCMKTS:TBPMF, CVE:(MZO) to co-distribute dried medical cannabis in Canada’s maritime provinces and Quebec. Aphria will produce the dried medical cannabis and Tetra will be responsible for the packaging. The venture could expand into other provinces if it proves successful in the initial stage.

aph

 

There is current weakness on the APHQF stock chart. Aphria’s stock price has broken below support at $5.25, to below its key 50-day moving average, and it could test support at its 200-day moving average at around $3.80.

Business Description

Industry: Drug Manufacturers » Drug Manufacturers – Specialty & Generic    NAICS: 325412    SIC: 3741
Compare: NAS:(FLXN), NAS:(DEPO), OTCPK:(ACBFF), NAS:(SCLN), NAS:(SCMP), NAS:(TLGT), NAS:(ACET), NAS:(KPTI), NYSE:(LCI), NAS:(HRTX), NAS:(AMPH), NAS:(SGYP), NAS:(LBIO), NAS:(ADMS), NAS:(TOCA), NAS:(AQXP), NAS:(INNL), NAS:(RIGL), NAS:(TTPH), NAS:(COLL) » details
Traded in other countries: APH.Canada, 10E.Germany,
Headquarter Location: Canada

Aphria Inc is engaged in the business of producing and selling medical marijuana.

Black Sparrow Capital Corp was incorporated under the Business Corporations Act (Alberta) on June 22, 2011 and is classified as a Capital Pool Company as defined in the TSX Venture Exchange Inc. The Company’s common shares commenced trading on the Exchange on December 22, 2011. The Company has no significant assets other than cash and a short-term investment and proposes to identify and evaluate potential acquisitions or businesses with a view to completing a Qualifying Transaction, as defined in Exchange policy 2.4.

 

 

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buz investors Bruce Berkowitz Sears Holdings (SHLD) has become the poster child for an industry in dire straits.

Sears Holdings shares surge 11% in premarket trades after first-quarter results

|Chart | Calendar   | TRADE NOW | Sears

Sears Holdings shares surge 11% in premarket trades after first-quarter results

BUZ INVESTORS  Sears Holdings shares surge  Sears Holdings Corp. shares (SHLD), +17.54% soared 10.4% in Thursday premarket trading after the retailer reported first-quarter sales that beat estimates. Net income was $244 million, or $2.28 per share, compared with a loss of $471 million, or $4.41 cents per share, for the same period last year. The adjusted loss was $2.15 per share versus the FactSet consensus for a loss of 71 cents per share. The FactSet consensus includes just two estimates. Revenue was $4.3 billion, down from $5.4 billion last year but ahead of the $4.1 billion FactSet consensus. The revenue decline was largely driven by a reduction in the number of Kmart and Sears full-line stores. Same-store sales fell 11.2% in the quarter, driven primarily by declines in grocery and household, pharmacy, apparel and home, the company said. A domestic same-store-sales decline of 12.4% was driven by decreases in appliances, footwear and tools. Sears recently announced agreements to reduce its debt burden



 Sears Holdings shares surge

Sears Holdings (NASDAQ:(SHLD) trades higher after reporting its first GAAP profit since the Q2 of 2016. Adjusted EPS still came in well below break-even.

“While this was certainly a challenging quarter for our company, it was also one that clearly demonstrated our commitment to return Sears Holdings to solid financial footing,” maintains CEO Eddie Lampert.

Comparable sales fell 12.4% in the U.S. during the quarter.

Gross margin rate fell 20 bps to 21.6% of sales.

SG&A expenses increased 160 bps to 29.5% of sales.

SHLD +12.18% premarket to $8.38. Shares fell 40% in the month into the earnings print.

Business Description

Industry: Retail – Apparel & Specialty » Department Stores    NAICS: 452111    SIC: 5311
Compare: OTCPK:(DBHSY), OTCPK:(LSTYF), OTCPK:(LHUAF), OTCPK:(CTAIF), OTCPK:(HBAYF), NYSE:(JCP), OTCPK:(HDVTY), NYSE:(DDS), NAS:(SRSC), NAS:(SHOS), NAS:(BONT), OTCPK:(MMRTY), OTCPK:(LFSYF), OTCPK:(RRETY), OTCPK:(HNORY), OTCPK:(WLWHY), NYSE:(KSS), NYSE:(JWN), OTCPK:(RYKKY), NYSE:(M) » details
Traded in other countries: SEE.Germany,
Headquarter Location: USA

Sears Holdings Corp along with its subsidiaries is an integrated retailer with full-line and specialty retail stores in the United States, operating through Kmart and Sears.

Sears Holdings Corporation is an America-based retailer that integrates the digital and physical shopping experiences for consumers. The company operates through retail store brands Sears and Kmart. Sears provides a broad range of home merchandise, apparel, automotive products and home services through both online and offline channels across the United States, and it owns proprietary brands, including Kenmore, Craftsman, and DieHard. Kmart is a mass merchandising firm, offering quality products to customers through exclusive brands. The majority of the company’s revenue comes from the domestic market.

 

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BUZ INVESTORS Semiconductor Stock The Nasdaq index is on a complete tear, forging new all-time highs on daily basis. I’m not sure if people understand the magnitude of what is going on, but the tech sector is in a fever pitch and it is wise to act accordingly. The semiconductor space has led much of the rally in this index, and it is why I am retur

Semiconductor Stock Is All Set for a Surge in Price

|Chart | Calendar   | TRADE NOW | FORCAST | STOCKS

ON Stock: At the Point of Acceleration

 

BUZ INVESTBUZ INVESTORS  Semiconductor Stock  The Nasdaq index is on a complete tear, forging new all-time highs on daily basis. I’m not sure if people understand the magnitude of what is going on, but the tech sector is in a fever pitch and it is wise to act accordingly. The semiconductor space has led much of the rally in this index, and it is why I am returORS  Semiconductor Stock  The Nasdaq index is on a complete tear, forging new all-time highs on daily basis. I’m not sure if people understand the magnitude of what is going on, but the tech sector is in a fever pitch and it is wise to act accordingly. The semiconductor space has led much of the rally in this index, and it is why I am returning to ON Semiconductor stock to provide an update.

I first expressed my bullish views on ON Semiconductor Corp (NASDAQ:(ON) in September 2016, with a publication titled “ON Semiconductor Corp: If ON Stock Does This, it Will Explode.” In that report, I outlined a very large technical pattern that was in development. Since that report, that technical pattern has been resolved, and recent developments are now suggesting that the ON Semiconductor stock price is ready to accelerate higher.’

To quickly clarify, my views on this investment are generated using technical analysis. This method of investment analysis is predicated on my ability to successfully decipher price patterns and indicators on a price chart in order to generate a bullish or bearish view on an investment. I have devoted nearly two decades strengthening my understating of this method of analysis, and I believe that I have reached a leave of proficiency that is now directly attributed to the successes I am witnessing in my investment strategies.

ON stock chart



Semiconductor Stock

There are two distinct reasons on the price chart above that justify holding a bullish view on ON stock.

This first reason stems from a very powerful price pattern, which I have highlighted on the chart above. This ascending triangle has been in development for nearly two decades, which is just as long as my investment career. Triangle patterns like this one are created using two converging trend lines. These trend lines are used to define levels of support and resistance. Triangle patterns in general are very powerful price patterns, and this is due to this pattern’s ability to generate and store momentum within it.

Momentum is created and stored as the pattern progresses because these levels of support and resistance are being defended by their respective bullish and bearish camps. Triangle patterns are where the bulls and bears fight for dominance, and the battle is won when price exits the pattern. This exit occurs as the stock price either breaks above resistance or below support. Once a winner is declared, the share price is free to trend in that direction. The move out of the triangle pattern is magnified as the losing side unwinds their position, accepting their defeat.

The following ON semiconductor stock chart illustrates the most recent developments that support the view that the stock price is now set to accelerate.

ON price chart

 

The price chart above illustrates constructive price action. Constructive price action is a necessary ingredient in a sustainable trend, and it consists of a two-wave structure. This two-wave structure contains an impulse wave and a consolidation wave. The impulse wave serves to advance price, while the consolation wave unwinds overbought conditions and sets up the next advancing impulse wave.

 

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Buz Investors Oil pushes higher on worries The commodity is trading at $53.74 per barrel at 10:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $54.05

Crude Oil Prices Surge on Hopes for Output Cut Extension

Chart | Calendar   | TRADE NOW | CRUDE OIL

Crude oil | Data | Chart | Calendar | Forecast | News

 

BUZ INVESTORS Crude Oil Prices Surge Oil prices continued to extend gains during European trading hours on Monday, after Saudi and Russian Energy ministers said that output cut would be extended to March 2018. Crude oil prices went up 2.9% to $49.1 per barrel and Brent crude oil increased 2.7% to $52.2 per barrel around 09:20 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Crude oil prices surged amid reports that Saudi Arabia and Russia along with several other major producers agree to extend the OPEC-led production cut scheme expiring mid-year through the first quarter of 2018. It remains to be seen if the move maintains momentum as the EIA drilling productivity report crosses the wires, reminding markets that swelling swing supply has bedeviled the cartel’s efforts thus far.

Gold prices continued to gain having rallied Friday after soft US economic data cooled Fed rate hike bets. Treasury bond yields and the US Dollar fell in tandem, boosting the relative appeal of non-interest-bearing and anti-fiat assets including the yellow metal. From here, a lull in top-tier scheduled event risk may leave established trends undisturbed but lacking fuel for significant progress.




Crude Oil Prices Surge

>>>TRADE NOW<<<

Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
49.41 47.69 145.31 1.17 1946 – 2017 USD/BBL Daily

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USDCAD Trump Shock Pushes Canadian Dollar Down

USDCAD Canadian Dollar Lower After USD Surge on Fed Hike Comments

Chart | Calendar   | TRADE NOW | USDCAD

USDCAD Canadian Dollar Lower After USD Surge on Fed Hike Comments

USDCAD

BUZ INVESTORS  Canadian Dollar Lower The pair is trading at 1.3703 at 09:40 GMT this morning, with the USD trading 0.07% lower against CAD from the New York close. The pair traded at a high of 1.3732 and a low of 1.3684 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.09% lower at 1.3713. On the data front, Canada’s building permits unexpectedly declined on a monthly basis in March. The pair is expected to its find support at 1.3663 and its first resistance at 1.3747.

The Canadian dollar fell on Tuesday as the US dollar surged against all major pairs. The price of oil continues under pressure despite the efforts of the Organization of the Petroleum Exporting Countries (OPEC) to reassure markets an extension to its production cut deal is in the works. Global demand for energy has not grown significantly and with US producers increasing the best the OPEC could hope for is stable prices at current levels.

Canada’s largest non bank lender Home Capital Group rose 18.6 percent after the announcement that there is a third party interested in buying C$1.5 billion of its mortgage book. The institution got in trouble for lack of disclosure that has seen its deposits erode as investors have lost trust in the lender. The Canadian mortgage business continues to be strong but Home Capital is running out of liquidity to keep it afloat. The firm had about C$1.4 billion on April 24 and it expects to be left with C$146 million when it finishes settling yesterday’s withdrawals.




 Canadian Dollar Lower

>>>TRADE NOW<<<

Canadian Dollar  | Data | Chart | Calendar | Forecast | News

The USDCAD decreased 0.0058 or 0.42% to 1.3662 on Wednesday May 10 from 1.3719 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

Canada Markets Last Previous Highest Lowest Unit
Currency 1.37 1.37 1.61 0.92 [+]
Stock Market 15572.37 15569.20 15922.37 217.50 points [+]
Government Bond 10Y 1.60 1.62 12.44 0.95 percent [+]

 

Canadian Dollar Notes

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.37 1.37 1.61 0.92 1972 – 2017 Daily

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BUZ INVESTORS Bill Ackman As has become the norm, Herbalife's latest earnings report was a tale of two companies: One for the bulls to love, and one for the short-sellers to hate even more.

Herbalife’s $700 Million Stock Surge Is Another Blow to Bill Ackman

Chart | Calendar   | TRADE NOW |Bill Ackman

Herbalife’s $700 Million Stock Surge Is Another Blow to Bill Ackman

BUZ INVESTORS  Bill Ackman As has become the norm, Herbalife’s latest earnings report was a tale of two companies: One for the bulls to love, and one for the short-sellers to hate even more.

Nearly four-and-a-half years after Bill Ackman For now, though, it’s the bulls who are winning, at least financially. Herbalife stock surged more than 12% Friday morning, adding more than $700 million to the value of the company, after its first-quarter earnings results Thursday blew past Wall Street’s expectations. bet $1 billion that Herbalife stock would fall—a losing bet so far for the hedge fund manager—the nutrition products company is approaching what many investors see as a watershed moment, the final test that will determine which side was right.

For now, though, it’s the bulls who are winning, at least financially. Herbalife stock surged more than 12% Friday morning, adding more than $700 million to the value of the company, after its first-quarter earnings results Thursday blew past Wall Street’s expectations.




Bill Ackman   Stock Surge

>>>TRADE NOW<<<

Investors were watching Herbalife’s earnings report particularly closely because it was the first quarter the company began implementing changes mandated by the Federal Trade Commission as part of a settlement last summer. Herbalife (HLF, +11.58%) paid a $200 million fine in July to end the FTC’s investigation into whether the multi-level marketer of diet shakes was a pyramid scheme, as Ackman had accused.

Herbalife declared the FTC settlement a victory, and sought to prove that in the first quarter. Herbalife now has a total of nearly 600,000 total U.S. members, a spokesperson confirms to Fortune, including distributors and 360,000 “preferred members.”

Some short-sellers gleefully pointed to what appeared to be a dramatic drop-off in Herbalife’s new recruits.

 

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