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21 August 2019

Household Saving Rate in the United States increased to 8.10 percent in June from 8 percent in May of 2019. Personal Savings in the United States averaged 8.83 percent from 1959 until 2019, reaching an all time high of 17.30 percent in May of 1975 and a record low of 2.20 percent in July of 2005. In the United States, Personal Saving Rate correspond to the ratio of personal income saved to personal net disposable income during a certain period of time. This page provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crypto Earn: Now Earn 8% p.a. on DAI & MKR Deposits

21 August 2019 - PRNewswire

HONG KONG, Aug. 21, 2019 /PRNewswire/ -- Crypto.com, the pioneering payments ...

Full story available on Benzinga.com

Analysts Unfazed By FDA Snub Of Sarepta's DMD Drug, Pin Hopes On Gene Therapy

20 August 2019 - Shanthi Rexaline

Sarepta Therapeutics Inc (NASDAQ: SRPT)'s new drug application for its second Duchenne muscular dystrophy drug received a a complete response letter from the FDA on Monday.

The Analysts

Nomura Instinet analyst Christopher Marai maintained a Buy rating on Sarepta with a $230 price target.

Bank of America Merrill Lynch analyst Tazeen Ahmad reiterated a Buy rating and lowered the price target from $200 to $189.

Credit Suisse analyst Martin Auster maintained an Outperform rating and reduced the price target from $207 to $201.

Nomura Sees Weakness As Buying Opportunity

The renal toxicity highlighted by the FDA is not a concern, as antisense oligonucleotides are well known for their renal toxicity, particularly at high doses and frequency, Nomura analyst Marai said in a Monday note.

No renal toxicity has been observed with Sarepta's third DMD drug in the pipeline, casimersen, the analyst said.

Marai also expressed surprise at the port infection risk noted in the CRL, given that the previous FDA briefing documents and his key opinion leader check supported indwelling ports.

Nomura now expects a golodirsen launch in the second half of 2020 ...

Full story available on Benzinga.com

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch

27 June 2014

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.

Apollo Turns A Corner

21 August 2019

US Treasury 30-Year Bond Yield Hits Record Low, Economy Heading for Recession?

15 August 2019 - Glenford Robinson

The infamous inverted yield curve is used to forecast economic recession and it too has shown itself a few times recently, flip flopping its way into the hearts of paranoid investors. The take-away from this is that for a true economic recession to occur, the inverted yield curve must remain inverted for many months to qualify as a true predictor of economic recession.

EUR-USD Most Watched Currency Pair Leading Up to Federal Reserve Rate Cut Decision

The USD is very strong right now, beating most of the currencies in the basket of six major currencies. Therefore, it will take a negative decision such as the advent of a US interest rate cut to cause the demise of the US dollar.

The Current EUR-USD Price Action is Not Surprising

The moment the decision by the Feds to cut US interest rate is announced on July 31st, the US dollar will begin tumbling faster than a lightning thunder bolt. This is how the game is played. So, if you don’t understand the game, it is time to learn it.

US Interest Rate Cut Sentiment Keeping EUR/USD Above 1.1200

If our prediction holds true, we can expect that the 1.1200 area of support could quickly become an area of resistance all day Thursday, July 25; and may give way Friday a t 8:30 am when US Q2 GDP is expected to come in lower than previous readings.

US Retail Sales Rose, But Building Permits Fall; Fed Rate Cut Decision Pending

The monthly building permit report is watched closely by traders, investors, economists, and by the Federal Reserve. Because all related factors associated with the construction of a building are very important economic activities (for example, financing and employment), the building permit report can give major hints as to the current state of the economy in the not-so-distant future. So, the fact that the latest building permit numbers came in well below estimates, there is cause for concern and the Feds may very will cut interest rate to jump start the economy by putting a cap on the progress of deflation.

US Inflation Rate Fell from 1.8% to 1.6% Giving Strong Indication of a Fed Rate Cut in July

With a strong US dollar, the stock market suffers. This was also one of the reasons why President Donald Trump lashed out at the Feds claiming that the agency was not doing enough to stimulate the economy, condemning the agency for hiking interest rates two times this year, thus stifling the efforts of the US President to stimulate the economy when he championed the passing of legislation which allows huge tax breaks to companies.