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Wells Fargo & Co Q4 2017 Earnings Results Miss Estimates

Wells Fargo & Co Q4 2017 Earnings Results Miss Estimates

Wells Fargo & Co (NYSE: WFC) released its Q4 2017 earnings results before opening bell this morning. Wells Fargo Q4 2017 earnings came in at $1.16 per share on $22.1 billion in revenue, compared to the consensus estimates of $1.23 per share and $22.45 billion in revenue. In the year-ago quarter, the firm reported earnings […]
Retail Sales Growth Improves In December 2017?

Retail Sales Growth Improves In December 2017?

Retail sales were up according to US Census headline data. The unadjusted rolling averages declined. Analyst Opinion of Retail Sales Things to consider when viewing this data: it is not inflation adjusted. the three month rolling averages of the unadjusted data marginally declined our analysis says this month’s growth was near average for the growth […]
December Retail Sales: Up 0.4% MoM

December Retail Sales: Up 0.4% MoM

The Census Bureau’s Advance Retail Sales Report for December released this morning showed an increase over the November figures. Headline sales came in at 0.4% month-over-month to one decimal. Today’s headline number was at the Investing.com consensus of 0.4%. Core sales (ex Autos) came in at 0.4% MoM. October and November figures were revised. Here is the […]
BlackRock’s (BLK) Q4 Earnings Beat Estimates, Expenses Rise

BlackRock’s (BLK) Q4 Earnings Beat Estimates, Expenses Rise

BlackRock, Inc. (BLK – Free Report) posted fourth-quarter and full-year 2017 results. Adjusted earnings for the quarter came in at $6.24 per share, which outpaced the Zacks Consensus Estimate of $6.08. Also, the bottom line came in 21% higher than the year-ago quarter. Results benefited from an improvement in revenues, rise in assets under management (AUM) and steady […]
How The Fiduciary Rule Can Make You Money

How The Fiduciary Rule Can Make You Money

The Post-DOL world is here. Despite delays, certain elements of the fiduciary rule are already in place. With full implementation scheduled for July 2019, figuring out how to deal with the fiduciary rule is the top priority for many firms and advisors. Here’s how you turn this regulatory bombshell to your advantage. Don’t Fight the Inevitable Many […]
The Risks Of Being A One-Product Company

The Risks Of Being A One-Product Company

Look no farther than the performance (even in this ridiculous market) of GoPro… …or FitBit…
Then There Is The Dollar

Then There Is The Dollar

Oil prices pulled back after Brent Crude hit its $70 objective and Chinese crude oil imports hit a record high but was a bit shy of expectations, but still strong as global demand is surging, global supply is falling and then there is the dollar. The dollar index hit the lowest level since September and […]
Euro Advances To Three Year High On German Coalition Agreement

Euro Advances To Three Year High On German Coalition Agreement

The Euro jumped to a three-year high on Friday following the preliminary agreement reached by Angela Merkel led political party with another party to form a coalition government that has stalled the administration for months. The Euro rose against most of the G10 currencies after the report was made public, breaking the 1.2116 resistance level for […]
Core Consumer Prices Rise Faster Than Expected As Rents Accelerate

Core Consumer Prices Rise Faster Than Expected As Rents Accelerate

Following deflationary prints in import prices and producer prices, core consumer prices came in modestly hotter than expected. Core CPI printed +1.8% YoY – highest since April 2017 – as shelter costs re-acclerate. Headline SPI rose just 0.1% MoM (as expected) but notable slower than the 0.4% MoM rise in November. The index for all items […]
As Sisyphus Fails Gold Will Ascend

As Sisyphus Fails Gold Will Ascend

Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite. 2018 will be a year of major volatility in many markets. Stocks are now in a melt-up phase and before the major bear markets start […]