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Proto Labs Climbs After Earnings Beat On Top And Bottom Line

Proto Labs Climbs After Earnings Beat On Top And Bottom Line

Shares of Proto Labs (PRLB), an e-commerce driven digital manufacturer of on-demand 3D-printed, computer numerical control machined and injection-molded custom parts, surged in morning trading after the company reported quarterly earnings that beat analysts’ expectations and guidance was in-line with estimates. QUARTERLY EARNINGS BEAT: For the first quarter, Proto Labs reported adjusted earnings per share […]
Aircraft Orders: The Only Durable Goods Item Humming

Aircraft Orders: The Only Durable Goods Item Humming

Durable goods orders for March rose 0.7% vs an Econoday consensus of 1.1%. Revisions lifted February gains from1.7% to 2.3%. Once again the good news stops there. Aircraft lifted durable orders throughout the first quarter and made for a very solid 0.7 percent rise in March. But the story is different when excluding civilian aircraft as the ex-transportation […]
The Effect Of Currency On International Returns

The Effect Of Currency On International Returns

My wife and I took a cruise through Europe in the fall of 2013 along the Mediterranean. As we arrived at different ports and visited various cities along the sea, I was floored by how little my dollar went overseas. With a foreign exchange (FX) rate of about $1.40/€, enjoying a €5 gelato while walking […]
Be Careful, This Isn’t Done Yet

Be Careful, This Isn’t Done Yet

Video length: 00:01:54
Triple-Energy Bear Shines

Triple-Energy Bear Shines

Crazy morning so far, but only because I’ve been dragged away from my computers to deal with other matters. Luckily, my ERY long (entered this morning) is doing well, and at long last the cup with handle pattern is complete. Go, oil, go!
Bitcoin Spikes To Record Highs

Bitcoin Spikes To Record Highs

US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have ‘stabilized’, fears over the so-called ‘hard fork’ have abated, and hopes for an ETF have been revived by an SEC review. Back above the price of […]
Hope Is Back In The Air, But The Devil Is In The Details

Hope Is Back In The Air, But The Devil Is In The Details

Eight days ago, the stock market looked to be in trouble. The S&P 500 had closed at a “lower low” on the daily chart, the weekly chart was in a downtrend, and the bears were busy telling anyone that would listen it was their time to shine. Pundits were busy pointing out the downside potential […]
Good Prospects For Biotech Verona Pharma’s Thursday IPO

Good Prospects For Biotech Verona Pharma’s Thursday IPO

Deal Summary Verona Pharma (Nasdaq:VRNA), a company currently developing inhaled treatments for respiratory diseases, has announced its plans to IPO on the Nasdaq Stock Exchange. The company filed confidentially on November 23, 2016 and plans to list under the symbol VRNA. Verona expects net proceeds of $77.1M through the IPO (assuming underwriting exercise in full their […]
March 2017 Pending Home Sales Seasonally Adjusted Index Declines

March 2017 Pending Home Sales Seasonally Adjusted Index Declines

The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis says the opposite and the rolling averages marginally improved. The quote of the day from this NAR release: … sparse inventory levels caused a pullback in pending sales in March, but activity was still strong enough to be the third […]
US Data Does Not Bode Well For US GDP; Political Worries Weigh

US Data Does Not Bode Well For US GDP; Political Worries Weigh

While markets focused on the Draghi show, and for good reasons, the US released a big bulk of data. And the data has not been that good. Durable goods orders came out at 0.7% for March, much lower than 1.5% expected. It came alongside an upwards revision from 1.7%, which did not compensate. Core orders slipped by 0.2%, worse […]