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Chesapeake Posts Strong Q1 Earnings On Higher Output

Chesapeake Posts Strong Q1 Earnings On Higher Output

Chesapeake Energy Corporation (CHK – Free Report) reported strong first-quarter 2018 earnings, courtesy of higher oil equivalent production and price realizations. As a result, in the premarket trading, the stock gained more than 3%. Earnings per share (excluding special items) of 34 cents surpassed the Zacks Consensus Estimate of 25 cents and the year-ago 23 cents. Total revenues […]
Is The Stock Market Cheap? – Wednesday, May 2

Is The Stock Market Cheap? – Wednesday, May 2

Here is the latest update of a popular market valuation method using the most recent Standard & Poor’s “as reported” earnings and earnings estimates and the index monthly average of daily closes for the past month. For the earnings, see the table below created from Standard & Poor’s latest earnings spreadsheet. TTM P/E ratio = […]
How A Weaker Yen Affects Japanese Exporters

How A Weaker Yen Affects Japanese Exporters

It is widely known that Japanese equities tend to have an inverse relationship to the performance of the yen. Namely: When the yen is appreciating, Japan’s stocks face a stiff headwind and tend not to deliver their strongest returns.  When the yen is depreciating, Japan’s stocks tend to find themselves in a much more favorable […]
Energy ETFs Were, Well, Energetic In April

Energy ETFs Were, Well, Energetic In April

If you look over the sector landscape for the best performance in April, energy ETFs should immediately stand out. The $17.4 billion Energy Select Sector SPDR (NYSE Arca: XLE) gained a not-too-shabby 11.7 percent last month but it was the outsized performance of three smaller energy portfolios that grabbed me by my lapels. Like STP, the famous gasoline […]
WTI/RBOB Extend Losses After Big Surprise Crude, Gasoline Build

WTI/RBOB Extend Losses After Big Surprise Crude, Gasoline Build

WTI/RBOB flatlined after last night’s bigger-than-expected crude build from API, but both has slipped lower since Europe opened ahead of the DOE data. Prices extended their losses after DOE confirmed a much bigger-than-expected crude build (+6.22mm vs +1.23mm exp) and surprise gasoline build. API Crude +3.427mm (+1.23mm exp) Cushing +725k Gasoline +1.602mm Distillates -4.083mm DOE Crude +6.218mm (+1.23mm exp) […]
SodaStream (SODA) Beats Q1 Earnings & Revenues Estimates

SodaStream (SODA) Beats Q1 Earnings & Revenues Estimates

SodaStream International Ltd. (SODA – Free Report) makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water. The growing popularity of sparkling water is driving SodaStream, as its cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water. Investors should also note that earnings estimates for 2018 have […]
Seagate Technology Shares Down Despite Strong Third-Quarter Earnings

Seagate Technology Shares Down Despite Strong Third-Quarter Earnings

Seagate Technology (Nasdaq: STX) Seagate Technology stock had a bad day on the Nasdaq stock market on Tuesday after announcing its third-quarter earnings for fiscal 2018.  Although the company’s earnings beat all estimates that analysts had earlier put forward, they did not seem to please investors and that sent the stock crumbling as soon as they were […]
Alphabet Counting On YouTube, Cloud, And The Smart Home

Alphabet Counting On YouTube, Cloud, And The Smart Home

Alphabet (Nasdaq: GOOG) recently announced its first quarter results. The revenues for the quarter outpaced market expectations, as the company continued to drive growth through its growth engines of YouTube, Cloud, and Smart Home. Alphabet’s Financials Alphabet’s adjusted first quarter revenues grew 26% over the year to $27.8 billion, significantly ahead of the Street’s forecast of […]
The Bulls Are Struggling To Rally The Market

The Bulls Are Struggling To Rally The Market

My Swing Trading Approach I remain cautious here, as the bulls are struggling to rally the market substantially higher. Plenty of choppiness in the market. I don’t see myself adding any more than 1-2 new positions to the portfolio if conditions permit.  Indicators VIX – After a 2.8% decline yesterday, VIX is retesting the trend-line off […]