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Most Active Equity Options And Strikes For Midday – Tuesday, Feb. 27

Most Active Equity Options And Strikes For Midday – Tuesday, Feb. 27

Top tickers for midday: PZZA, AAPL, BAC, PBR, GE, WFT, AMD, INTC.
Looks Like Corporate America Hasn’t Heard About The Trump Tax Cuts

Looks Like Corporate America Hasn’t Heard About The Trump Tax Cuts

News must travel slowly to corporate headquarters these days. How else can we explain the fact that corporate America isn’t rushing out to invest in response to the big tax cut Congress voted them last year? According to data released by the Commerce Department orders for non-defense capital goods fell by 1.5 percent in January after dropping […]
Discovery (DISCA) Q4 Earnings Beat, Scripps Buyout On Track

Discovery (DISCA) Q4 Earnings Beat, Scripps Buyout On Track

Discovery Communications, Inc. (DISCA – Free Report) performed well in the fourth quarter of 2017, wherein revenues and earnings surpassed the Zacks Consensus Estimate. The company’s earnings (excluding $2.46 from non-recurring items) of 47 cents per share surpassed the Zacks Consensus Estimate of 39 cents. The bottom line, however, declined 9.6% on a year-over-year basis owing to higher […]
Powell’s Hawkish Hint Hurts Stocks, Boosts Buck

Powell’s Hawkish Hint Hurts Stocks, Boosts Buck

Investors were on edge ahead of Jerome Powell’s highly-anticipated Humphrey-Hawkins testimony to the House Financial Services Committee. While Powell was seen as the status quo candidate to replace outgoing Fed chair Yellen, some traders still harbored some uncertainty about his qualifications, which include extensive policymaking experience, but less formal experience (including the conspicuous lack of a doctorate […]
Consumer Confidence Surges To 2000 Highs But Stock Market Hope Plunges

Consumer Confidence Surges To 2000 Highs But Stock Market Hope Plunges

Conference Board Consumer Confidence measures beat expectations handily in February with headline data at its best since Nov 2000. However, while investors are increasingly sure of higher interest rates, hopes for a higher stock market plunged from record highs. This is the biggest monthly drop in bullish investor stock market expectations since March 2007. “Consumer confidence […]
Richmond Fed Manufacturing: Robust Growth In February

Richmond Fed Manufacturing: Robust Growth In February

Today the Richmond Fed Manufacturing Composite Index was at 28 for the month of February, up from last month’s 14. Investing.com had forecast 15. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 20.7, which indicates expansion. The complete data series behind today’s […]
Stocks Are In Overbought Territory

Stocks Are In Overbought Territory

My Swing Trading Approach I’m not opposed to adding a new position in this rally, but stocks are in overbought territory and may see some profit-taking. I’m taking a “wait-and-see” to this market.  Indicators VIX – Dropping hard over the last four days, and closing at its lowest level since 2/1.  T2108 (% of stocks trading below […]
Now We Know How Far Stocks Have To Fall For The Fed To Act

Now We Know How Far Stocks Have To Fall For The Fed To Act

10%. That’s what February’s flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed’s incoming chairman, is saying that he’s fine with inflation exceeding the target rate of 2%. Put another way, he’s promising that monetary policy will be as loose as necessary to keep asset prices elevated and […]
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                        The Importance Of ROIC

E The Importance Of ROIC

Return on invested capital, or ROIC, is a profitability ratio telling us how efficient a company is turning capital into profit. It measures the return that an investment generates for those who have provided capital (i.e., bondholders and stockholders). The general equation is: ROIC = NOPAT / (Debt + Equity). By linking income statement and […]
AutoZone’s (AZO) Q2 Earnings Miss Estimates, Revenues Beat

AutoZone’s (AZO) Q2 Earnings Miss Estimates, Revenues Beat

AutoZone, Inc. (AZO – Free Report) reported adjusted earnings per share of $4.23 for second-quarter fiscal 2018 (ended Feb 10, 2018), missing the Zacks Consensus Estimate of $8.81. Revenues improved 5.4% year over year to $2.41 billion in the reported quarter. Also, the figure surpassed the Zacks Consensus Estimate of $2.39 billion. Domestic same-store sales (sales of stores […]