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Confidence? Retail Sales Down Third Month

Confidence? Retail Sales Down Third Month

Citing “consumer confidence”, economists expected retail sales to bounce 0.4%. Instead, sales fell for the 3rd month. The word of the day is “down”. The Advance Retail Sales report shows a decline for the third month. A revision took away a small bit of the sting as the December 2017 to January 2018 percent change was revised […]
Signet Beats On Q4 Earnings & Sales Estimates

Signet Beats On Q4 Earnings & Sales Estimates

Signet Jewelers Limited (SIG – Free Report), retailer of diamond jewelry, watches, and other products came out with its fourth-quarter fiscal 2018 results, wherein adjusted earnings came in at $4.28 per share and outpaced the Zacks Consensus Estimate of $4.26. Management envisions adjusted earnings per share in the range of $3.75-$4.25 for fiscal 2019. Earnings Estimate Revision: The Zacks […]
Stocks Slide, Breakevens Tumble After White House Confirms $100BN China Deficit Target

Stocks Slide, Breakevens Tumble After White House Confirms $100BN China Deficit Target

Could Dennis Gartman be right? For the third day in a row, stocks have burst higher out of the gate, only to be met with a wave of selling which has promptly pushed the S&P to session lows.   While there has been no specific news catalyzing the move, traders are attributing the move to a […]
Sayonara Abenomics? Not So Fast

Sayonara Abenomics? Not So Fast

Japan’s political stability in general, and Prime Minister Shinzo Abe’s strong grip on power in particular, have been the centerpiece of the “bullish Japan thesis” for many investors. “Team Abe” has had a fundamental pro-growth and pro-business bias and, in the final analysis, has had a good track record of getting things done. Unfortunately, in recent […]
Bull Of The Day: Regeneron

Bull Of The Day: Regeneron

Regeneron Pharmaceuticals (REGN  – Free Report) shares have been on an odyssey in the past year, soaring from $360 last April up to $540 by June and then entering their own private bear market since last autumn to dip below $320 this year. But with EPS estimates rising since January, the stock became a Zacks #1 Rank […]
Crude Oil – Wednesday, March 14

Crude Oil – Wednesday, March 14

CL balancing on the uptrend line that started last September. source: INVESTING.com
February 2018 Producer Price Final Demand Year-Over-Year Inflation Again Marginally Increased

February 2018 Producer Price Final Demand Year-Over-Year Inflation Again Marginally Increased

The Producer Price Index year-over-year inflation marginally grew from 2.7 % to 2.8 %. Analyst Opinion of Producer Prices The Producer Price Index marginally grew year-over-year. Here is what the BLS said in part: For the 12 months ended in February, prices for final demand less foods, energy, and trade services increased 2.7 percent, the […]
US Dollar Bounces From Support After Disappointing Retail Sales

US Dollar Bounces From Support After Disappointing Retail Sales

US DOLLAR BOUNCES FROM SHORT-TERM SUPPORT The US Dollar is showing a mild bounce from support this morning after Retail Sales figures for the month of February printed in a rather disappointing manner. The expectation was for a .3% gain, and the actual print was for a -.1% contraction. This comes on the heels of last month’s -.1% […]
February Retail Sales: Down 0.1% MoM, Worse Than Forecast

February Retail Sales: Down 0.1% MoM, Worse Than Forecast

The Census Bureau’s Advance Retail Sales Report for February was released this morning. Headline sales came in at -0.1% month-over-month to one decimal. Today’s headline number was below the Investing.com consensus of 0.3%. Core sales (ex Autos) came in at 0.2% MoM. December figures were revised. Here is the introduction from today’s report: Advance estimates of U.S. […]
Prudential Plc Announces Plans To Demerge M&G Prudential

Prudential Plc Announces Plans To Demerge M&G Prudential

Prudential plc (PUK) announces its intention to demerge its UK & Europe business M&G Prudential from Prudential plc, resulting in two separately-listed companies with different investment characteristics and opportunities. On completion of the demerger, shareholders will hold interests in both Prudential plc and M&G Prudential. As a standalone entity, M&G Prudential will be led by […]