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                        Gold Looking At A Bearish Reversal

E Gold Looking At A Bearish Reversal

Gold touched our resistance zone up there, around 1286/1290 where wave c) was similar in distance compared to wave a). That’s an ideal reversal zone especially if we also consider a formation of an Elliott wave ending diagonal which is a strong bearish pattern. A drop and close today below 1279 can lead to aggressive […]
AstraZeneca (AZN) Misses Q3 Earnings, Tweaks 2017 EPS View

AstraZeneca (AZN) Misses Q3 Earnings, Tweaks 2017 EPS View

AstraZeneca plc (AZN – Free Report) reported third-quarter 2017 core earnings of 56 cents per American Depositary Share (ADS), which missed the Zacks Consensus Estimate of 57 cents. Core earnings declined 17% year over year at constant exchange rates (CER). Lower product sales and gross margins and higher SG&A costs hurt profits in the quarter. Total revenue rose […]
Wholesale Inventories Rose 0.3 Percent In September: Unwarranted Inventory Build?

Wholesale Inventories Rose 0.3 Percent In September: Unwarranted Inventory Build?

The Census Bureau reported wholesale trade inventories rose 0.3 percent in September. This was an expected result given the Census Bureau’s advance estimates. Sales September 2017 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $480.5 billion, up 1.3 percent […]
2017 U.S. Elections, Tax Reform, And Gold

2017 U.S. Elections, Tax Reform, And Gold

On Tuesday, Democrats won some regional elections. What does it mean for the gold market? Election night 2017 was positive for Democrats. They won convincing victories in governor races in Virginia and New Jersey. They also took control of the Washington state Senate and picked some seats in the Virginia House of Delegates. Democrats also […]
Bulls Starting To Feel The Love

Bulls Starting To Feel The Love

One of the primary arguments coming out of the bear camp these days is the stock market game is just too easy right now. Our furry friends suggest that when things become too one-sided for an extended length of time (such as this being the longest period in history without a 3% correction), the tide […]
Lockheed Martin: A Solid Dividend Grower At The Right Price

Lockheed Martin: A Solid Dividend Grower At The Right Price

Wide moat industrial stocks, such as defense contractor Lockheed Martin (LMT), often make excellent long-term dividend growth stocks. In fact, Lockheed Martin is a dividend achiever with 15 straight years of consecutive dividend increases under its belt. Even better, the stock has managed to grow its payout at an impressive average annual rate of 10% over the past […]
Kohl’s Corp. (KSS) Lags Q3 Earnings Estimate, Narrows View

Kohl’s Corp. (KSS) Lags Q3 Earnings Estimate, Narrows View

Kohl’s Corporation (KSS – Free Report), a department store chain that operates specialty department stores and an e-commerce site in the United States, delivered third-quarter fiscal 2017 adjusted earnings of 70 cents per share, declined nearly 13% year over year and lagged the Zacks Consensus Estimate of 72 cents per share. Following the third quarter, the company narrowed […]
Morgan Stanley Cuts Snap To Underweight With Competition And Risks Increasing

Morgan Stanley Cuts Snap To Underweight With Competition And Risks Increasing

  As previously reported, Morgan Stanley analyst Brian Nowak downgraded Snap (SNAP) to Underweight from Equal Weight, noting that Instagram (FB) competition is only increasing while the company’s pending app redesign creates further engagement and execution risks. The company’s weaker than expected Q3 revenue and DAU growth show how its monetization and engagement challenges have […]
Topping Action Or Just Pause?

Topping Action Or Just Pause?

Briefly: Intraday trade: Our Wednesday’s intraday trading outlook was bearish. It proved partly wrong because the S&P 500 index gained 0.15% (neutral), following slightly lower opening of the trading session. We still can see some technical overbought conditions along with negative divergences. Therefore, intraday short position is favored again. Stop-loss is at the level of […]
Flipkart Needs To Emphasize Private Label Strategy

Flipkart Needs To Emphasize Private Label Strategy

According to RedSeer, Indian e-tailers generated record sales of $3.2 billion during the recent festival sale season, 45% higher than the $2.2 billion in last year’s festival season. It was fuelled by an estimated expense of $370-$400 million compared to $200-$250 million last year, as well as better Internet penetration. Although Amazon is rapidly closing the gap, […]