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Comcast Corporation, Ford Motor Company Shares Rise On Earnings

Comcast Corporation, Ford Motor Company Shares Rise On Earnings

Comcast (CMCSA) and Ford (F) released their latest earnings reports before opening bell this morning. Ford reported adjusted earnings of 39 cents per share, compared to the consensus of 35 cents per share, on $39.15 billion in revenue, against the consensus of $34.7 billion. In last year’s first quarter, the automaker reported $37.7 billion in […]
Q1 GDP Takes Another Hit As Wholesale Inventories Slide In March

Q1 GDP Takes Another Hit As Wholesale Inventories Slide In March

With non-hope-based GDP forecasts for Q1 at cycle lows, today’s wholesale inventories decline will not help. After dropping in January, and rebounding in Feb, March saw inventories drop 0.1% (against expectations of a 0.2% rise). This is the first quarterly decline in wholesale inventories since Q1 2016 (when the world was feared to be heading into recession). Yet another […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Thursday, April 27

Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Thursday, April 27

Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.09276 Opening: 1.09032 Chg. % Of the last day: -0.21 Daily range: 1.08955 – 1.09209 52-week range: 1.0366 – 1.1616 Yesterday, the correction was observed on EUR/USD. In the Asian trading session, the trading was calm. The ECB meeting will take […]
ShoreTel, Inc. Shares Climb Up On Better Than Expected Revenue Numbers

ShoreTel, Inc. Shares Climb Up On Better Than Expected Revenue Numbers

ShoreTel, Inc. (SHOR), a business communication solutions company yesterday reported their fiscal third quarter financial results. ShoreTel reported a loss of $2.9 million for the third quarter. ShoreTel reported third quarter adjusted earnings of $0.01 per share with revenues of $87.7 million which beat analyst expectations of $84.5 million. ShoreTel, Inc. CEO’s Comments “Total revenue, profitability […]
Morning Call For Thursday, April 27

Morning Call For Thursday, April 27

OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 +0.17%) this morning are little changed, up +0.06%, after Preisident Trump ruled out a withdrawal from NAFTA. European stocks are down -0.40% ahead of today’s ECB meeting and press conference from ECB President Draghi that may provide clues as to when thee ECB may begin to exit […]
Dow Jones Industrial Average Doesn’t Know How To React To Trump Tax Plan

Dow Jones Industrial Average Doesn’t Know How To React To Trump Tax Plan

Wednesday was a big day for the United States. It was the day that the Donald Trump tax plan, or at least a brief overview of what the Trump administration plans to accomplish, was released. The goal of the tax plan is ultimately to stimulate growth in the United States economy. While the Dow started […]
Trading Apple Ahead Of Earnings

Trading Apple Ahead Of Earnings

Apple (AAPL) is set to report second-quarter earnings this coming Tuesday. The drop in demand for the iPhone business will hit the quarter hard. The forecast for the next few quarters might come in weaker than expected as well. The good news is that the company has its services business to fall back on. Demand […]
More Short-Term Uncertainty As Stocks Get Close To Record High

More Short-Term Uncertainty As Stocks Get Close To Record High

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next […]
Okta Headed For Another Stock Boost From Quiet Period Expiration

Okta Headed For Another Stock Boost From Quiet Period Expiration

Event Overview The quiet period will expire for Okta (Nasdaq:OKTA), on May 2, 2015. On that date, restrictions preventing underwriters from recommending or reporting on the deal will be lifted. Underwriters tend to release reports as soon as restrictions are lifted and these reports most often are positive. Our firm has studied price movement around […]
It’s Different This Time…

It’s Different This Time…

Just recently, Wealth Management had an interesting interview with Jeremy Grantham in which Jeremy suggests the “rules have changed” for value investors. To wit: “The market was extremely well-behaved from 1935 until 2000. It was an orderly world in which to be a value manager: there was mean reversion. If a value manager was patient, he was in heaven. The market outperformed when […]