Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
It seems these days that anything SoftBank Group touches turns to garbage. WeWork is the most publicized exampled, but their huge example in UBER is just as bad. What’s remarkable is that both UBER and LYFT, breathlessly anticipated before their public offerings, have both been wrecks.
This past week, one sector which took it on the chin was the brokerages. The reason is easy enough to understand. Two important revenue sources for them are (1) commissions and (2) interest on deposits. And yet (1) commissions are going to $0 across the board and (2) interest rates are plunging, and ultimately, I believe, will be negative. So here is the kind of catastrophe these companies are facing, with most of them down nearly 50% from their highs last year:
By Harry Boxer, TheTechTrader
Medical stocks dominate today’s top charts to watch.
AbbVie Inc. (ABBV) climbed $1.72 to $73.85 on 6.2 million shares Thursday. The move came on no news from the maker of Humira and other drugs. The stock has been rallying for the last month, breaking out of a 1 1/2-year declining channel. However, it pulled back on Tuesday and Wednesday to test support before Thursday’s bounce. Watch for a move next to recent highs near $76.
(more…)Now that all the online brokers are being compelled by competitive forces to all offer $0 commissions, they are getting nuked. It’s incredibly, but Ameritrade has lost nearly FIFTY PERCENT of its value since last June!
