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2023-05-17 15:31:52 ET Intercept Pharma ( NASDAQ: ICPT ) continued to drop Wednesday after the FDA issued briefing documents ahead of an AdCom meeting on its marketing application for lead asset Obeticholic Acid (OCA) in liver disease NASH while Jefferies downgraded the stock citing...
2023-05-17 09:51:01 ET Intercept Pharmaceuticals ( NASDAQ: ICPT ) lost ~26% in the morning hours Wednesday after the FDA issued briefing documents ahead of a meeting of its independent advisors on the marketing application for the company's liver disease candidate Obeticholic Ac...
2023-05-17 01:40:00 ET Summary We got two big data points on May 16th on the economy and both pointed to sluggish trends in growth. Retail sales and industrial production have a strong correlation with weak economic growth and both came in unusually weak last month. Industrial...
2023-05-16 02:35:00 ET Summary The current economic and investing environment remains one of the most challenging and difficult to navigate in recent times. With inflation and wage growth at current levels, we likely require a material amount of pain to be felt within the equity a...
2023-05-15 15:30:00 ET Summary The index plummeted all the way down to -31.8, the lowest since January when the index reached a slightly worse -32.9. The month-over-month declines across many categories were nothing short of historic in May. The average of the two current cond...
2023-05-09 03:28:00 ET Summary Overall, due to a lower unemployment rate and rising wages, the payroll report was indicative of a stronger economy. ISM announced on Wednesday that its non-manufacturing (service) sector rose to 51.9 in April, up from 51.2 in March, the fourth strai...
2023-05-05 01:40:00 ET Summary A marginal improvement in global manufacturing output was recorded for a third consecutive month in April. The steadying of the sector after the downturn seen late last year can be largely traced to improved supply chain conditions, with supplier del...
2023-05-04 15:47:00 ET Summary Why U.S. bank earnings suggest a modest recession? Potential impact of regional bank failures on the broader markets. When it comes to market uncertainty, is reality actually better than perception? The latest U.S. earnings seas...
2023-04-04 02:30:00 ET Summary Markets are liquidity junkies and repeatedly anticipate that central banks will pause and return to easing credit conditions. Equities historically don’t bottom until after a recession is recognized and central banks near the end of easing eff...
2023-03-30 01:25:00 ET Summary On March 28th, the Richmond Fed released the fifth and final regional manufacturing report. Demand-related metrics like New Orders, Shipments, and Backlogs of Orders surged in March. However, coming from very weak readings in February, it is sti...
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2024-07-01 20:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-11 07:18:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-01 22:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...