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As Expected, Manufacturing Activity Slows

As Expected, Manufacturing Activity Slows

It was pretty widely expected that the ISM Manufacturing report for the month of October was going to show a slower rate of growth, and that’s exactly what we saw. While economists were forecasting the headline index to drop to 59.0 from last month’s reading of 59.8, the actual reading was much weaker at 57.7. […]
5 Beaten Down Stocks Of Spooky October With Upside Potential

5 Beaten Down Stocks Of Spooky October With Upside Potential

Wall Street witnessed wild swings in October, thanks to multiple woes including rising interest rates, political turbulence in Italy, Saudi tensions, tech sell-off, escalating US-China trade war and the prelude to mid-term election. The chaos resulted in S&P 500 posting its worst monthly performance since 2011. After slipping into a correction territory, the index rebounded […]
5 Reasons For The Downfall Of The Dollar

5 Reasons For The Downfall Of The Dollar

The US Dollar is on the back foot at the wake of the new month. There are several reasons for the downfall. This may continue if the Non-Farm Payrolls report misses expectations. Here are five reasons for the downfall of the Dollar: 1) Optimism on trade US President Donald Trump said that he had a […]
US Manufacturing Slumps As Prices Jump, Export Orders Dump, Financial Conditions Tighten

US Manufacturing Slumps As Prices Jump, Export Orders Dump, Financial Conditions Tighten

Despite drastically tightening financial conditions, ‘soft’ survey data on US Manufacturing was expected to rise in October, but – as always – it was mixed: Markit’s Manufacturing PMI printed higher at 55.7 (marginally higher than September’s 55.6 but below the October flash print of 55.9) ISM Manufacturing Printed dramatically lower at 57.7 (well below expectations of 59.0 and […]
Ebay Focusing On Payments

Ebay Focusing On Payments

According to an eMarketer report published earlier this year, online retailer Amazon is expected to account for 49% of the US e-commerce market by the end of the year. Rival eBay (Nasdaq: EBAY ) comes in a distant second with a modest 6.6% market share. The report estimates total US e-commerce sales to be nearly $253 billion […]
Soybeans Looking Interesting… Confirming Dollar Weakness? Hmmm…

Soybeans Looking Interesting… Confirming Dollar Weakness? Hmmm…

Soybeans (Jan ‘19)…240-min view…impulse down complete? US Dollar Index into our target zone…turning down?
Is The Fed Engineering A Market Crash?

Is The Fed Engineering A Market Crash?

Can the Fed cause a market crash? In 2017 Fed Chair Janet Yellen reassured us: “Would I say there will never, ever be another financial crisis? …. That would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will […]
3Q2018 (Preliminary): Headline Productivity Improves

3Q2018 (Preliminary): Headline Productivity Improves

A simple summary of the headlines for this release is that productivity improved while the labor costs grew. Year-over-year analysis shows labor costs rising marginally faster than productivity. Analyst Opinion of Productivity and Costs I only look at year-over-year data – the headline compounding distorts the view. I have issues with the way productivity is […]
Jobless Claims Edge Slightly Lower

Jobless Claims Edge Slightly Lower

Jobless claims saw only a slight decline last week falling from 216K down to 214K, which was just a tad above consensus expectations for a decline to 212K. While claims have increased 12K from their low print in mid-September, they have now been at or below 300K for a record 191 straight weeks, at or […]
Teva Beats On Q3 Earnings, Lags Sales, Shares Up

Teva Beats On Q3 Earnings, Lags Sales, Shares Up

Israel-based Teva Pharmaceutical Industries Ltd. (TEVA – Free Report) is a global pharmaceutical company with a strong presence in the generics as well as branded markets. The company’s branded products include Copaxone (multiple sclerosis), Azilect (Parkinson’s disease), Austedo (chorea associated with Huntington’s disease and tardive dyskinesia) and respiratory products like ProAir and Qvar.  Teva is facing significant challenges in […]