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Fitbit Inc. Stock Tumbles After Earnings, Guidance Disappoints

Fitbit Inc. Stock Tumbles After Earnings, Guidance Disappoints

Fitbit Inc. (NYSE: FIT) stock plunged to a new all-time low on Tuesday following the disappointing guidance included with the company’s Q4 2017 earnings report. The wearables maker continues to have difficulties turning a profit, and promotional activity took a bite out of its device average selling price. Analysts generally remain on the sidelines with […]
February Regional Fed Manufacturing Overview

February Regional Fed Manufacturing Overview

Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
Recapping Jerome Powell’s Congress Testimony And Related Market Moves

Recapping Jerome Powell’s Congress Testimony And Related Market Moves

(Audio length 00:14:13) Chris Temple and I share our thoughts on the recent Jerome Powell testimony in front of Congress. The only real standout in his statement was that there could be 4 rate hikes this year. We address the correlated moves in US equity markets, bonds, the US Dollar and precious metals.
Case-Shiller 20 City Home Price Index December 2017 Now At 6.3 % Year-Over-Year Growth

Case-Shiller 20 City Home Price Index December 2017 Now At 6.3 % Year-Over-Year Growth

The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth slowed from 6.4 % to 6.3 %. The index authors stated “The rise in home prices should be causing the same nervous wonder aimed at the stock market after its recent bout of volatility.” Analyst Opinion of Case-Shiller HPI Many […]
Durable Goods Orders Dive 3.7%

Durable Goods Orders Dive 3.7%

The consensus got the direction right but not the magnitude. Economists expected durable goods orders to drop 2.0%. Aircraft had been leading durable goods orders and due to extremely long lead times, that’s not a sign of strength. But it was not just aircraft orders that took a hit in the Census Bureau Durable Goods Advance […]
Does It Always Have To Begin In Farce?

Does It Always Have To Begin In Farce?

Imagine you live in a terrific neighborhood backed right up to a large wilderness. This heavily forested area has inside of it grown up a tremendous amount of underbrush. The local government, concerned for your property as well as those of you neighbors, starts making noises about taking care of the issue before it dries […]
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                        Denny’s: Overvalued

E Denny’s: Overvalued

Denny’s (DENN) is one of our favorite places to eat with the kids on a weekend morning, or after a long night out with friends. This is a diner-style restaurant, featuring a relatively low-cost menu which features breakfast all day. While the performance of the stock has been strong, we feel shares are a bit expensive […]
3 Canadian Cannabis Stocks Investors Need To Be Watching

3 Canadian Cannabis Stocks Investors Need To Be Watching

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Although the overall market was in rally mode, cannabis stocks were under pressure and we are monitoring this trend. The Nasdaq rallied more than 1% and the exchange has been able to recapture […]
Treasuries: Too Far Too Fast?

Treasuries: Too Far Too Fast?

Since the September low point last year US 10-Year bond yields have risen 90bps, this compares to 125bps from the low point in July 2016 through to March 2017, or if you count it as one big move they’ve gone up 158bps. What ever way you put it the move in bonds has been substantial, […]
Steel ETF Soaring: Will The Trend Continue?

Steel ETF Soaring: Will The Trend Continue?

The steel industry has been surging lately given the possible tariff talks on foreign producers of steel and aluminum in the interest of national security. Trump is looking to impose severe tariffs of 24% on steel imports and 10% for aluminum imports. Additionally, President Donald Trump’s latest statement on reviving the industry has bolstered the […]