Category Archive: Finance
Illinois Tool Works Inc. Reports Highest Quarterly Income Total In Company History
IIlinois Tool Works Inc. (ITW), a manufacturer and seller of industrial products and equipment worldwide founded in 1912 and based in Glenview, Illinois posted a favorable Q2 fiscal report this morning as follows: Earnings/Share: UP 16% to $1.69 compared to the same period a year ago which included an EPS benefit of $0.03 per share related to a legal settlement. […]
Emerging Markets; Run Out Of Gas Again Here
Emerging Markets ETF (EEM) has received a good deal of positive press for its performance off the 2016 lows. No doubt it has done well, as it is up around 50% off the lows of last year, while the S&P is up nearly 30%. This 18-month rally has caused many to tout how well Emerging markets […]
‘Superfirms’ And ‘The Rise Of The Zombies’
It’s been clear for years that excessive and prolonged central bank accommodation has paradoxically served to create a disinflationary impulse in some sectors of the economy. Nowhere is this more readily apparent than in the US energy complex. Otherwise, insolvent production was allowed to effectively hibernate – as opposed to going out of business – during […]
E Major Indices Are Tracking Historical Patterns
Market Outlook With nearly a fifth of quarterly earnings results out, investors are divided on how early corporate reports are serving as an indicator of the overall health of the U.S. economy, and that could contribute to a volatile week as stocks linger near record highs. Earnings so far are confirming less-than-stellar economic data recently, […]
Greece Returns To The Bond Market With A Present To Its Last Group Of Bond Buyers
On the same day that Greek PM Alexis Tsipras triumphantly announced to The Guardian that “The worst is clearly behind us”, Greece just as triumphantly announced that its long-rumored bond issue, the first after a three-year hiatus which saw its last bond issue crash then surge, is now a reality. Just like in 2014, Greece […]
USD/CAD Falls Under 1.25 On Good Canadian Data, USD Weakness
Dollar/CAD took another step on the way down, dipping under 1.25. The next level of support is 1.2460. The low so far is 1.2494. After the initial dip, we have a minor bounce back, which looks like a “dead cat bounce”. Better than expected Canadian wholesale sales drive the loonie forward. They rose by 0.9%, […]
Progress In St. Petersburg
Expectations going into the OPEC monitoring meeting in St. Petersburg were low. The OPEC agreement to reduce output appeared to be fraying. June output appeared to have increased in several countries, and private sector estimates suggest output rose further in July. Russia expressed reluctance to extend the agreement further. Ecuador announced it would no longer participate […]
Blue Chip Stocks In Focus: Bank Of Nova Scotia
The financials industry is full of high-quality, blue chip stocks. Before showing you an example, it’s important to understand what a blue chip stock really is. There is no ‘formal’ definition of a blue chip stock that is widely accepted among financial professionals. The term is used to describe high-quality, economically durable companies that are likely […]
Existing-Home Sales: June Sales Slip
This morning’s release of the June Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.52 million units. The Investing.com consensus was for 5.58 million. The latest number represents a 1.8% decrease from the previous month and a 0.7% increase year-over-year. Here is an excerpt from today’s report from the National Association […]
S&P 500 And Nasdaq 100 Forecast – Monday, July 24
S&P 500 The S&P 500 has initially tried to rally during the session on Friday, but fell significantly to reach towards the 2460 level. However, we turned around to form a hammer and it looks as if the S&P 500 is still ready to continue to go higher. I believe that the market should then […]
