Category Archive: Finance
DRW: The Detlef Schrempf Of ETFs
Remember Detlef Schrempf? He’s the last basketball star awarded the NBA’s Sixth Man of the Year Award twice consecutively (in the 1990–1991 season and again in 1991–1992). The sixth man is the player who enters the game from the bench, while five others start the game. To me, REITs are like the Detlef Schrempf of the capital […]
Looking For Action? S&P 1500 Most Volatile Stocks – Wednesday, Oct. 25
For traders with a short-term time horizon who are looking for big moves over a short period, we have updated our list of the S&P 1500 stocks trading above $10 that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last 50 days). The […]
Freeport Beats Q3 Earnings & Sales Estimates
Freeport-McMoRan Inc. (FCX – Free Report) is a mining giant that is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates. Freeport is taking actions to manage costs and capital spending amid a still challenging operating environment. The company also remains […]
As NZD/USD Breaks 0.6892; What Is Next?
Since the New Zealand First formed a coalition with the Labour Party a week ago, the Kiwi has suffered massive sell-off across the board due to weak business sentiment and uncertainty surrounding economic policy of the new coalition. Both widely perceived as anti-immigration. Experts believe the anti-immigrant policy will hurt productivity and impede economic recovery. Hence, the […]
Interest Rates Testing 25-Year Breakout Level
Interest rates based upon the 10-year yield (TNX) have been heading lower for years, more than 25-years actually. Below looks at the yield on the 10-year note and reflects that an important and rare test is in play. Yields on the 10-year note have remained inside of falling channel (1) for the past 25-years. In the past, […]
September New Home Sales Jumps Almost 20%
This morning’s release of the September New Home Sales from the Census Bureau came in at 667K, up 18.9% month-over-month from a revised 561K in August. Seasonally adjusted estimates back to June were also revised. The Investing.comf orecast was for 555K. Here is the opening from the report: Sales of new single-family houses in September 2017 […]
China Lodging Chart Is In A Strong Uptrend
An under-the-radar name that has been lighting it up recently is China Lodging, a conglomerate of luxury hotel franchises in mainland China. The stock shifted into a higher gear over the summer and has risen 80% after making a double bottom in early July. The chart and technicals are a thing of beauty. The channel […]
It Can’t Continue, Can It?
Yesterday, we talked about the fact that the stock market has now enjoyed the longest stretch ever without experiencing a correction of 3% or more. We noted that the CBOE Volatility Index (aka the VIX) recently hit an all-time low and that volatility in general is the lowest in decades. It is also worth noting […]
AUD Falls Following CPI Miss, GBP Rises As GDP Grows Again
Australian Q3 CPI Disappoints The Australian Dollar came under pressure over the Asian and European session on Wednesday following a downside surprise in the Q3 CPI reading. Headline inflation rose 0.6% quarter-on-quarter, undershooting expectations of a 0.8% rise. On a seasonally adjusted basis, the headline reading increased 0.4%, unchanged from 0.2% Q2 2017. Underlying inflation […]
Boeing Beats Q3 Earnings And Revenues Estimates
The Boeing Co. (BA – Free Report) is a premier jet aircraft manufacturer and is also one of the largest defense contractors in the U.S. Its revenue exposure is spread across more than 90 countries around the globe. In the race for supremacy in the commercial skies, the North American jet plane maker – Boeing − has surpassed […]
