Category Archive: Finance
Euronavigating The Treacherous Waters
Euronav (EURN) is the largest public company in the crude oil shipping business. The industry has taken a hit over the last two years amid overcapacity, but Euronav is a terrific operator that has remained profitable through this period. Nevertheless, it trades at a massive discount to book value and a P/E of just 6. […]
Holding Steady
Over the past week, my core market health indicators bounced around a bit, but are holding steady in bullish territory. One thing of note, is that my measures of the economy are on the verge of going positive. I suspect that there is a good chance they go positive in the next few weeks. Conclusion […]
S&P Raises Outlook On Greece Ahead Of Bond Sale, Keeps B- Rating
Consider it a kiss to the bond investors who are expected to oversubscribe the upcoming latest “triumphal” Greek return to the bond markets, as soon as next week. Moments ago, rather unexpectedly, S&P raised its outlook on Greece from Stable to Positive, but reaffirmed the Greek rating at B-. The rating agency, said it believes that […]
DAX VIX Soars As German Stocks Plunge Most This Year
Right, so German equities just had their worst day of the year. As noted earlier, a rout in automakers tied to reports of possible collusion didn’t help matters. Here’s Bloomberg’s quick summary: Another week, another scare from the German car industry. What began with Daimler AG’s massive recall of more than 3 million diesel cars to lower their […]
Schlumberger Announces Second-Quarter 2017 Results
Schlumberger Limited (NYSE: SLB), with principal offices in Paris, Houston, London and The Hague, is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It operates in 85 countries and employs approximately 100,000. Schlumberger reported results for the second quarter of 2017 as follows: Total corporate revenue: […]
July 2017: ECRI’s WLI Growth Index Rate Marginally Ticks Up
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year – after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also, ECRI released their coincident and lagging indices. Analyst Opinion of the trends of the weekly […]
American Axle Plunges After Reports Of Deep GM Production Cuts
Shares of drivetrain maker American Axle (AXL) are plunging after reports of potentially significant production cuts at General Motors (GM). GM PRODUCTION CUTS: According to an earlier report from Reuters, the auto giant is weighing “whether to cancel at least six passenger cars in the U.S. market after 2020, including the Chevrolet Volt hybrid, which […]
Waste Management (WM) Stock Analysis
Next time you take your trash out or see your neighbor’s cans on the side of the garage/house – I hope you now think of dividend investing. This dividend stock analysis proudly brings Waste Management (WM) to the forefront this summer. We performed a dividend stock analysis on this company and industry competition to see […]
GBP/USD 4-Hour View: Standard A-B-C Correction Lower?
If this pattern is a standard A-B-C correction lower; the target is 1.2826 calculated by Wave C being the same length of Wave A. Also, this brings into another common level–prior Wave 4 of the impulse higher at 1.2808. Support for our GBP/JPY short it may be…
Quick Take: Rates, Earnings And Russia In Focus
My apologies for the dearth of morning missives this week. As I mentioned, I have been technology- and communications-challenged of late. However, the good news is that my tech travails appear to be coming to an end as I have a shiny new computer, a landline phone, AND upgraded internet. It will suffice to say […]
