Category Archive: Finance
XPO Logistics Plans To Sell 11M Shares In Public Offering
XPO Logistics announced that it plans to make an offering of 11M shares of its common stock in a registered underwritten offering. XPO expects to grant the underwriters a 30-day option to purchase up to 1.65M additional shares. Morgan Stanley and J.P. Morgan are the joint book-running managers for the offering. XPO expects to enter […]
Brace Yourself For Apple’s Extraordinary Capital Return Program
There are two ways that corporations can return capital to shareholders: Dividends Share Repurchases Adding these two capital return methods together on a per-share basis and dividing by a company’s current stock price gives shareholder yield, a proxy for the ‘shareholder-friendliness‘ of a company’s management team. Dividend payments are straightforward and well understood by most […]
Chinese Small Caps Plunge – The Writing Was On The Wall Last Week, Folks
File this away for posterity, because we might be referring to it later on down the road. That’s what we said exactly a week ago about the ChiNext, which last Monday fell nearly 2% on jitters about more IPO approvals and valuations that are, on average, hovering around 40X. The malaise continued throughout the week, as did our coverage. […]
Empire State Manufacturing Survey: Activity Grew Modestly In July
This morning we got the latest Empire State Manufacturing Survey, which fell from the previous month. The diffusion index for General Business Conditions at 9.8 was a decrease of 10.0 from the previous month’s 19.8. The Investing.com forecast was for a reading of 15.0. The Empire State Manufacturing Index rates the relative level of general business conditions in […]
Stocks At New All-Time High, Will Uptrend Accelerate?
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next 1-2 weeks): bearish Medium-term outlook (next 1-3 months): neutral Long-term outlook (next year): neutral The main U.S. stock market indexes […]
Key Events In The Coming Week: The Summer Doldrums Arrive
With little on the US economic docket in the coming days as the summer doldrums arrive, with Citi saying that “though several events of note linger on the horizon for later this week, G10 is firmly on the beach as of this morning”, this week’s focus is on the ECB and BoJ meeting along with […]
BlackRock, Inc. 2Q 2017 Earnings: EPS, Revenue Miss Estimates
The BlackRock 2Q 2017 earnings report was released before the opening bell this morning. The firm posted adjusted earnings of $5.24 per share on $2.97 billion in revenue. Analysts had been expecting $5.40 per share in earnings and $3 billion in revenue. In last year’s second quarter, BlackRock reported $4.78 per share in earnings on […]
The Permian Basin Blues
They’ve got the Permian Basin blues. Nothing they can do. Orders rigs when prices were high and so they drill a hole and let it die. While the rig counts rise, it slows the profits for shale operators and the cost of production is going up. Baker Hughes reported that drillers added just two oil […]
“Bigger Systemic Risk” Now Than 2008 – Bank Of England
– Bank of England warn that “bigger systemic risk” now than in 2008 – BOE, Prudential Regulation Authority (PRA) concerns re financial system – Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules – EU & UK corporate bond markets may be bigger source of instability than ’08 – Credit card debt and car loan surge […]
People Buy Payments & Why Rates Can’t Rise
This past week, the lovely, and talented, Danielle DiMartino-Booth and I shared a discussion on the ongoing debate of why “Rates Must Rise.” Debt drives rates lower….not higher. Debt is deflationary. See chart below and read this: https://t.co/jHAcnuGTit pic.twitter.com/tM2a5BrIiO — Lance Roberts (@LanceRoberts) July 14, 2017 I know..yes…the piper will be paid but in the […]
