Category Archive: Finance
Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories
Over the weekend we recapped some of the less than impressive moments in the recent US car industry history, which suddenly appears to be bombarded with a barrage of bad news: starting with Ford’s (F) disastrous August sales when the company admitted “sales have reached a plateau”, continuing to the surge in delinquent subprime auto borrowers hitting nearly a […]
Netflix Wallops Q3 Earnings With Big Beat, Plus IBM, UAL
After the bell Monday, Netflix (NFLX – Analyst Report) provided a huge Q3 earnings beat, doubling EPS expectations of 6 cents to 12 cents per share. Quarterly sales of $2.47 billion easily topped the $2.28 billion expected. Subscriber adds were the big story, typical of Netflix’s business model — 3.75 million net adds in the quarter far […]
Quiet Day Of Trading As Stocks Slide
A light volume affair across the exchanges yesterday. This market continues to remain in a limbo state where any move can come rather quickly. Major indexes are below their respective 50 day moving averages. Anything can happen under the 50 day and we are in an area where downside risks have piled up. Like the […]
Packed Economic Calendar This Week With USD Desperate For Good News
Video length: 00:09:13 The US Dollar continues to tread water up near recent highs (in both DXY Index and USD Index), but more and more concerns are starting to emerge in the short-term. Aside from the fact that the November FOMC meeting is all but procedural – the Fed’s not doing anything in such close proximity to the election – […]
Short Lamar Advertising
Not much happening right now (since the market seems to be struggling with just how to interpret all the economic data that just came in), so I’ll share one particular short I like a lot: Lamar Advertising (LAMR). Looking closely, you can see the nice little top it has made, and my hope is that […]
EC Revisiting An Old ETF Income Theme – Bank Loans
There is no doubt that 2016 has been a good year for ETF investors directing their capital towards income-generating asset classes. The combination of a rising stock market and falling interest rates have helped push prices higher across virtually every segment of the economy. This of course has depressed current yields. But on a total […]
Billion Dollar Unicorns: Aiwujiwu Rides High On Chinese Real Estate Sector
The residential real estate market is a high growth industry in China. According to an Ibisworld report, the industry grew 9% annually over the last five years to be worth $949 billion in 2015. The industry is also not immune to the advancement of Internet in the country. There is an increasing presence of an […]
Apple Iphone 7 Is Selling Well & Other Stock Updates
STOCK NEWS Merk (MRK) / Pfizer (PFE): announced positive results from a Phase clinical trial for VERTIX SITA2. The trial evaluated ertugliflozin in patients with type 2 diabetes on a background of sitagliptin and stable metformin. The two companies will file New Drug Applications for ertugliflozen and two fixed doses by the end of the year and […]
Saudi Aramco To Expand Presence In U.S.
The Motiva refinery is the leading contender to purchase the Lyondell Basell Industries refinery in Houston. Motiva is the largest refinery in the U.S. and was, until recently, co-owned by Saudi Aramco and Shell. By April 2017, Motiva will be fully controlled by Saudi interests as will any properties it acquires. Bidding for a Refinery in Houston The […]
USD/JPY Another Higher Low Is Printed Out
The USD/JPY aka “ninja” has been printing out higher highs and higher lows on intra-day charts. If 101.75 holds we might see another push towards 102.70 and 103.05 as we can see a T89 on H4 chart. POC comes withing 102.05-102.18 (trend line/steep trend line, L3, X-Cross ™,historical buyers). Although I am not a fan […]
