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Sentiment Time

Sentiment Time

The one thing the globally synchronized growth narrative had going for it was sentiment. It often had that in surplus. But therein lies a major drawback; are people happy because things are getting better, or do they believe things are getting better because “everyone” says so? There’s a difference and it’s a big one. And […]
Stocks Decline On Monday Even Though They Are Oversold

Stocks Decline On Monday Even Though They Are Oversold

Stocks Decline Again I’m surprised stocks fell on Monday. The market is very oversold which usually implies a bull run is coming. I’m not saying stocks should hit a new high. But I think a 2% to 3% recovery this week is in the cards unless there’s a negative catalyst. The S&P 500 14-day relative […]
Online Retail Sales Effects On GDP Growth

Online Retail Sales Effects On GDP Growth

In this article, we will look at the explosive growth of online retail and the latest results from the September retail sales report. As you can see from the chart below, non-store retailers, which are online stores, have grown to 11.41% of total retail sales.  Source: Bloomberg Many younger Americans are probably surprised at how low that […]
Cannabis Stocks Fall As Canada Prepares To Legalize Marijuana

Cannabis Stocks Fall As Canada Prepares To Legalize Marijuana

Shares of cannabis stocks are dropping as Canada prepares to legalize marijuana sales on Wednesday, becoming the highest-profile country to tax, regulate and monitor cannabis’ growth, distribution and sale. BENCHMARK SAYS BUY TILRAY: On Tuesday, Benchmark analyst Mike Hickey initiated coverage of Tilray (TLRY) with a Buy rating and $200 price target, citing its early […]
Verizon Communications Q3 Earnings Preview: What To Expect

Verizon Communications Q3 Earnings Preview: What To Expect

Wall Street expects a year-over-year increase in earnings on higher revenues when Verizon Communications (VZ – Free Report) reports results for the quarter ended September 2018. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these […]
JOLTS: Record Job Openings Vs. Hires, Two Interpretations

JOLTS: Record Job Openings Vs. Hires, Two Interpretations

Job openings exceed new hires by a whopping 1.352 million. What’s it mean? The BLS Job Openings and Labor Turnover (JOLTS) shows openings reached a series high of 7.1 million. Job Openings On the last business day of August, the job openings level reached a series high of 7.1 million. The job openings rate was 4.6 percent. […]
Judge Approves Elon Musk’s Settlement With SEC, Stock Surges

Judge Approves Elon Musk’s Settlement With SEC, Stock Surges

On Tuesday, United States Judge Alison J. Nathan signed off on the proposed settlement between the Securities and Exchange Commission, Tesla and its CEO, Elon Musk. This settlement puts to rest the SEC’s action against Musk regarding his now infamous (and allegedly fraudulent) Tweet, where he claimed that he had “funding secured” to take Tesla […]
Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Oct. 16

Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Oct. 16

The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through August, is now available. From the press release: The number of job openings reached a series high of 7.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed […]
Trade War – Negative Impacts

Trade War – Negative Impacts

Trade War – Soybean Inspections It’s very important to avoid listening to cynics who claim soybeans aren’t important. They are America’s largest export to China. The trade war between China and American appears to be getting worse. It’s important to follow this commodity closely. America has a mixed economy while China has a command economy. […]
Philip Morris Places Bets On Health Benefits As Traditional Tobacco Contends With Legalized Cannabis

Philip Morris Places Bets On Health Benefits As Traditional Tobacco Contends With Legalized Cannabis

American multinational tobacco producer Philip Morris International (NYSE:PM) is set to unveil its third quarter of 2018 earnings Thursday, as the industry undergoes radical shifts in product offerings, innovation and regulatory scrutiny. PM had cut its earnings outlook in Q2 2018 to reflect the effect of certain product and marketing initiatives, including the end-of-year debut […]