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King Digital Isn’t The One Hit Wonder You Think It Is

King Digital Isn’t The One Hit Wonder You Think It Is

King Digital (KING) is set to report first quarter earnings Thursday after the closing bell. The latest installment in King’s flagship franchise, Candy Crush, has performed well resulting in 2 large earnings beats.  Even though the new game has been a success in the sense that it’s helped the company top analyst expectations, fundamental growth […]
The History Of Treasury Market Liquidity (And Lack Thereof) In One Chart

The History Of Treasury Market Liquidity (And Lack Thereof) In One Chart

While we completely disagree with Credit Suisse about the reasons for the total collapse in bond market liquidity (as readers know we blame the Fed – as does the TBAC – and HFTs, while Credit Suisse accuses regulations, even though banks now hold a record amount of fungible bonds implying that unless bank prop desks […]
Shake Shack (SHAK) Shares Are Sizzling Hot After Beating Q1 Estimates

Shake Shack (SHAK) Shares Are Sizzling Hot After Beating Q1 Estimates

At the end of Q1, popular burger joint Shake Shack Inc (SHAK – Snapshot Report) silences its critics by beating estimates on all fronts. Earned $0.04 per share and reported revenue of $37.8 million, compared to Wall Street’s estimates of $0.03 per share and revenue of $33.95 million. Shack sales increased 59.2% to $36 million, […]
J.C. Penney Company, Inc. Beats Earnings Estimates, Ups Outlook

J.C. Penney Company, Inc. Beats Earnings Estimates, Ups Outlook

J C Penney released the earnings results from its first quarter of fiscal 2015 after closing bell tonight, posting losses of 55 cents per share on $2.86 billion in sales. Analysts had been expecting losses of 80 cents per share and $2.87 billion in revenue. In the same quarter last year, the department store chain […]
Gold Daily And Silver Weekly Charts – The Coiled Spring – To Say ‘No’

Gold Daily And Silver Weekly Charts – The Coiled Spring – To Say ‘No’

Gold and silver spiked higher today on the rather poor economic news that showed little monetary inflation in broad exports and imports, and also showed a slumping retail sales number that could not be blamed on the weather or a port strike. So the dollar slumped, because the reality is that the US is not […]
See No Evil: What We Chose To Ignore In The April Jobs Report

See No Evil: What We Chose To Ignore In The April Jobs Report

We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn’t exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow […]
Calpers Wins Pension Lawsuit, Not Good News For Chicago (Or Bondholders In General)

Calpers Wins Pension Lawsuit, Not Good News For Chicago (Or Bondholders In General)

Judge Rejects Bondholders’ Lawsuit Over Pension Debt In bankruptcy, the federal courts have ruled that cities can reduce pension obligations. They can, but they don’t have to. In Detroit, bondholders were sacrificed to maintain police and fire pensions with minimal haircuts. On Monday, U.S. Bankruptcy Judge Meredith Jury ruled against bondholders in favor of Calpers […]
Access National – All Time High

Access National – All Time High

The Chart of the Day is Access National (NASDAQ:ANCX) . I found the stock buy sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/13 the stock gained 11.47%. Access National Corporation serves as the holding company for […]
Import And Export Price Year-Over-Year Deflation Continues In April 2015. Much Less Deflation Was Expected By The Markets

Import And Export Price Year-Over-Year Deflation Continues In April 2015. Much Less Deflation Was Expected By The Markets

Global trade prices continue to deflate year-over-year. Import prices are down 10.7% from a year ago, while export prices are down 6.3%. The market was expecting much less deflation. Import Oil prices were up 0.7% month-over-month, but export agricultural prices fell 0.8%. with import prices down 0.3% month-over-month,down 10.7% year-over-year; and export prices down 0.7% month-over-month, down 6.3% year-over-year.. the markets […]
SP 500 And NDX Futures Daily Charts – History Repeats – Grapes Of Wrath

SP 500 And NDX Futures Daily Charts – History Repeats – Grapes Of Wrath

Export-Import prices this morning came in weakly, showing little upward pressure on monetary inflation.   Retail sales however came in badly and that gave the markets the shakes. The Atlanta Fed’s model of forward GDP is showing 2Q at about 0.7 percent. Hardly the kind of number favoring a policy of tightening. And so the dollar […]