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Fantasyland Reality Check: Fed’s Beige Book Makes Impossible Claims In At Least 3 Places

Fantasyland Reality Check: Fed’s Beige Book Makes Impossible Claims In At Least 3 Places

The Fed’s Beige Book, a summary of economic activity in 12 Fed regions, claims modest wage increases broadened, manufacturing expanded, and light vehicle sales strengthened. Let’s investigate those claims in detail, emphasis mine, then do a reality check on those ideas. Overall Economic Activity Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and […]
American Express Soars On Q1 Earnings And Revenue Beat

American Express Soars On Q1 Earnings And Revenue Beat

American Express Company (AXP – Free Report) released its 2017 first quarter financial results, posting earnings of $1.34 per share and revenues of $7.9 billion. Currently, American Express is a Zacks Rank #3 (Hold) and is up 2.38% to $77.40 per share in trading shortly after its earnings report was released. Beat earnings estimates. The company posted […]
U.S. Steel Falls As Recovery In Energy Sector Falters

U.S. Steel Falls As Recovery In Energy Sector Falters

Shares of U.S. Steel (X) closed lower, along with the price of crude oil. With U.S. Steel’s prospects so closely tied to crude prices, shares of the steel maker fell with the drop in crude, after stockpiles dropped less than expected in the latest week. U.S. oil prices almost 4% percent Wednesday with an intraday […]
Numbness Is How It Happens

Numbness Is How It Happens

The more I look back the more I am convinced that this version of “reflation” was born Japanese. It all seemed to turn around in early July 2016, the very week that whispers of the, for some, long-sought “big one.” It was all over the financial press all around the world. Having gone as far […]
Dance Hall Girls And Profits For Fifteen Minutes

Dance Hall Girls And Profits For Fifteen Minutes

Yesterday, we explored the myths and truths of the old Wild West and the current Wild Market. Back in the day, rowdy frontier towns gave rise to saloons, which in turn gave rise to the “saloon girl.” The “saloon girl,” had many dfferent names, most with connotations of ill-repute. Nonetheless, saloon girls were hired to […]
5 Mid Caps For Momentum Investors – Wednesday, April 19

5 Mid Caps For Momentum Investors – Wednesday, April 19

Today I wanted to find 5 Mid Cap stocks that would be of interest to Momentum Investors. I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. It just so happened that […]
Finisar Plunges After MKM Reports ‘Surprisingly Negative’ Checks

Finisar Plunges After MKM Reports ‘Surprisingly Negative’ Checks

Shares of optical component maker Finisar (FNSR) have been weak since the open today after MKM Partners lowered estimates, pointing to its “surprisingly negative” channel checks. SURPRISING NEGATIVE: A recent look by MKM Partners revealed some “surprisingly negative” headwinds for the communications equipment maker, said MKM analyst Michael Genovese in a note out earlier. The […]
Agriculture Markets Report – Wednesday, April 19

Agriculture Markets Report – Wednesday, April 19

A review of the day’s trading in the agriculture markets.  Video Length: 00:11:37
This Indicator Shows How Long The Trump Effect On Markets Continues

This Indicator Shows How Long The Trump Effect On Markets Continues

Trump pushed severeal markets higher in November which is what most tend to call the ‘Trump effect’. We observed that primarily a market sector rotation took place: the Trump effect resulted in value outperforming growth. For April 2017, we forecasted that Trump effect on markets would continue based on 5 charts. So far so good, but the key […]