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Archives by Year:
Servicemaster Powers Up To Help Texas Homeowners
With the National Weather Center now calling the flooding in Texas “unprecedented,” the cost to Texans both in lives as well as cleanup is mounting with each passing hour. Emergency evacuations are underway in Houston and one thing is clear – the ongoing flooding with be extremely dangerous and life threatening to residents in the […]
Markit Manufacturing PMI: Slip In August
The August US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 52.8, down from the 53.3 final July figure. Today’s headline number was above the Investing.com forecast of 52.5. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from Chris […]
‘Dollar At A Tricky Juncture’
Video by Steve Sosnick Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses the the recent movement of the Dollar Index. Video Length: 00:02:21
Ford Truck Sales Strong
There hasn’t been a lot of good news in the auto sector lately, but today’s August results from Ford (F) weren’t as bad as expected. Overall, Ford vehicle sales were down 2.3% during the month compared to expectations for a larger decline of 3.5%. One particular bright spot for Ford was in its sales of […]
August 2017 Manufacturing Survey Growth Remains In Expansion
The ISM Manufacturing survey improved and remained in expansion. The key internals were mixed but remained in expansion. The Markit PMI manufacturing Index, also released today, is in positive territory and modestly declined. Analyst Opinion of the ISM Manufacturing Survey ISM manufacturing index and Markit PMI movements have correlated with Industrial Production Manufacturing index only […]
Ciena (CIEN) Q3 Earnings, Revenues Surpass Estimates
Ciena Corp. (CIEN – Free Report) reported fiscal third-quarter 2017 non-GAAP earnings of 51 cents, which increased 21.4% on a year-over-year basis and beat the Zacks Consensus Estimate of 49 cents. Revenues of $728.7 million increased 8.7% year over year and beat the consensus mark of $726.9 million. Although shares of Ciena have lost 11.5% of its value […]
Salesforce Now Focusing On International Markets
Nothing appears to be in the way of Salesforce.com’s (NYSE: CRM) growth. After another stellar quarter performance, it is fairly evident that competitors, including the likes of Microsoft and Oracle, are not coming close to this giant. Here is an interesting infographic, courtesy MotleyFool.com that shows how Salesforce has expanded its market share position in every category […]
Forex Weekly Outlook – Sep. 4-8, 2017
The US dollar was under pressure but managed to stage a comeback. The upcoming week features rate decisions in Australia, Canada, and the euro-zone, as well as other events. Here are the highlights for the upcoming week. Yellen’s lack of hawkishness in Jackson Hole continued weighing on the US dollar. North Korea fired a missile over Japan and this […]
Michigan Consumer Sentiment: August Final Up From July
The University of Michigan Final Consumer Sentiment for August came in at 96.8, up from the July Final reading of 93.4. Investing.com had forecast 97.4. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer confidence has remained at a very favorable level, although slipping somewhat from mid-month. The Sentiment Index has been higher during […]
WTI Crude Oil And Natural Gas Forecast – Friday, September 1
WTI Crude Oil The WTI Crude Oil market initially fell, but we turned around to form a massive bullish candle for the week. We ran into a bit of trouble at $47.50, and it looks like the sellers may return relatively soon. This explosive move was due to the effects of Harvey in Texas, but […]
