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March 2017 Headline Existing Home Growth Pace Quickens

March 2017 Headline Existing Home Growth Pace Quickens

The headlines for existing home sales growth pace declined improved saying “finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings in March for sales to muster a strong gain”. Our analysis of the unadjusted data agrees. Analyst Opinion of Existing Home […]
Watch List Stocks: NFLX, BERY And BWA

Watch List Stocks: NFLX, BERY And BWA

Watch list stocks to trade Long Netflix (NFLX) Long Berry Plastics Group (BERY) Short BorgWarner (BWA)
Quick Take: Hope Still In Play

Quick Take: Hope Still In Play

In case there are any questions about what is moving the stock market, yesterday’s rally should have cleared things up. Yes fans, expectations for the Trump Administration to effect changes to the tax code remains a primary driver of stock prices. With the market teetering on the brink of an important technical breakdown (I’m of […]
For AliBaba, It Is About Mobile Payments

For AliBaba, It Is About Mobile Payments

Photo Credit: hinglish Notes/Flickr.com If there was any worry that the Chinese e-commerce player Alibaba (NYSE: BABA) would be impacted by the result of the Presidential election in the US, it has been laid to rest. Alibaba continues to outperform market expectations and deliver stellar growth. And now, it is shifting gears on its payment affiliate […]
Johnson & Johnson: Modest Price Decline Presents Buying Opportunity

Johnson & Johnson: Modest Price Decline Presents Buying Opportunity

Johnson & Johnson (JNJ) is one of the most stable businesses around. The company’s statistics are impressive: 33 years of consecutive earnings-per-share growth (currency-adjusted) The lowest stock price volatility of any Dividend Aristocrat One of only two companies to hold the coveted AAA credit rating from Standard & Poor’s (the other being Microsoft (MSFT)) The third most popular dividend growth stock among […]
Existing Home Sales Soar To 10-Year Highs

Existing Home Sales Soar To 10-Year Highs

Following February’s 3.9% drop, March existing home sales roared back (up 4.4% MoM – the fastest growth since Dec 2015) to the highest since Feb 2007 at 5.71 million SAAR. Inventories tumbled (for the 22nd month in a row) and prices rose (for the 61st month in a row) as affordability issues remain ignored (for now). […]
A Big Week For The Euro Awaits: Beware The Gap-Risk

A Big Week For The Euro Awaits: Beware The Gap-Risk

On Sunday, we’ll begin to hear the results from the first round of French elections with polls beginning to report at around 8PM in Paris (2PM in New York). This is a few hours ahead of market open, so be extremely careful with gap risk over the weekend with any asset attached to the Euro. This […]
SunTrust Banks Q1 Profit & Revenue Top Expectations Amid Higher Rates

SunTrust Banks Q1 Profit & Revenue Top Expectations Amid Higher Rates

SunTrust Banks, Inc. (NYSE: STI) early Friday posted market-beating first quarter earnings results, as the company benefitted from higher interest rates.
Rockwell Collins Tops Q2 Earnings & Revenue Estimates

Rockwell Collins Tops Q2 Earnings & Revenue Estimates

Rockwell Collins Inc. (COL – Free Report) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities. However, dependence on international […]
Another Shot At The 50-Day Moving Average

Another Shot At The 50-Day Moving Average

Watch resistance at the 50 day moving average, take two Everything looked fine and dandy yesterday for the market, and resistance at the 50-day moving average that I talked about in yesterday’s trading plan, was going to be broken. But with 10 minutes to go, the bears dropped the S&P 500 5 points and, despite a […]