Category Archive: Finance
AT&T Misses On Earnings Expectations
CNBC’s Julia Boorstin reports on the quarterly earnings report for AT&T.
World Markets Update – Tuesday, October 24
All eight indexes on our world watch list have posted gains for 2017 through October 23. The top performer thus far is Hong Kong’s Hang Seng with a gain of 28.66%, followed by India’s BSE SENSEX at 21.79%. In third is our own S&P 500 with 14.57%. The Last Four Weeks The tables below provide […]
Big Earnings Week Ahead For Tech
Q3 Earnings Look Great So Far This is the first week where earnings summaries include a significant portion of reports from Q3. As of the end of last week, 17% of S&P 500 firms reported earnings. According to S&P Dow Jones, the insurance firms’ hurricane weakness caused Q3 financial sector earnings to fall from $7.04 […]
This Bubble Gets Its “Alternative Paradigm”
Towards the end of financial bubbles, asset prices behave in ways that can’t be explained with rational/historical metrics. So new ones are invented to make sense of things. In the 1990s tech stock bubble, earnings were “optional” and “eyeballs” – that is, the number of visitors to a dot-com’s website – were what determined value. […]
Chipotle Mexican Grill, Inc. 3Q17 Earnings Miss Sends Stock Diving
Chipotle Mexican Grill (CMG) 3Q17 earnings were released after closing bell, and the company reported non-GAAP earnings of $1.33 per share on $1.13 billion in revenue. Wall Street had been expecting earnings of $1.63 per share on $1.14 billion in sales. In last year’s third quarter, the fast-casual dining chain reported earnings of 79 cents […]
Markit Composite PMI: Yet Another Diffusion Index Incorrectly Showing Strength
The Markit USA flash (preliminary) composite PMI shows strength this month as have other diffusion index reports including ISM and the Fed regional reports. Delivery delays contributed to manufacturing strength. Those delays are a hurricane impact as are reports of hiring. The Markit Composite PMI came in at 55.7 ahead of the Econoday consensus estimate of 55.7. […]
Stocks And Precious Metals Charts – As Greed Turns Slowly To Fear
“Every single empire in its official discourse has said that it is not like all the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals […]
Fryer-flation
We sometimes like to look at the lighter side of capital markets. Or, in this case, the crispier, more tender side. Since the end of 1997, the CPI index for chicken is up about 50%. That may sound like a lot, but it’s actually right in-line with 2% inflation the Fed targets (of course, they target core […]
Buying The Steepener For A Trade
Just one more post about yield curves – I promise! With Friday’s release of the CFTC commitment of traders report, I couldn’t resist. In the coming years, I believe the yield curve steepener has the potential to be one of the all-time great trades. Eventually, I think the Fed, along with all the other developed […]
5 Best Performing No Load Mutual Funds Of Q3 2017
All the key indexes touched record highs during the third quarter, with both the Dow and the S&P 500 posting their eighth straight quarter of gains. While the Dow posted its best quarterly winning streak since 1997, the S&P 500 registered its best stretch of quarterly rise since its inception. A significant jump in tech […]
