Category Archive: Finance
Second Quarter GDP Forecast: Blue Chip Vs. GDPNow; Where Might The Fed Be Wrong?
Following yesterday’s dismal retail sales report, inquiring minds may be interested in the Atlanta Fed GDPNow Forecast. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 0.7 percent on May 13, down slightly from 0.8 percent on May 5. The nowcast for second-quarter real consumer spending […]
Top-Ranked Analysts Are Bullish On Gilead Sciences, Inc.
Gilead Sciences (NASDAQ: GILD) has been a favorite among biotech investors due to its successful hepatitis C therapies; Harvoni and Sovaldi. However, the biopharmaceutical company is making headlines again with a new drug for gastric cancer; GS-5745. GS-5745 is advancing into Phase III testing in the third quarter, prompting RBC Capital analyst Michael Yee to reiterate an Outperform […]
Rail Week Ending 09 May 2015: Data Still Not Pretty. Rail Softness Continues
Econintersect: Week 18 of 2015 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic improved, which accounts for half of movements – but weekly railcar counts goes deeper into contraction. This analysis is looking for clues in the rail data to […]
Meet China’s Best Start-Up, Ever: OnePlus
China’s most successful startup? Ask people in China to name the country’s most successful and innovative new mobile phone brand and most will immediately declare Xiaomi. Ask tech-savvy Americans and Europeans and they will just as quickly suggest OnePlus. Though largely still unknown in China, Shenzhen-headquartered OnePlus, established less than 18 months ago, has achieved more success more […]
New Jobless Claims Nudge Down 1,000 To A New Interim Low
Here is the opening statement from the Department of Labor: In the week ending May 9, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 1,000 from the previous week’s unrevised level of 265,000. The 4-week moving average was 271,750, a decrease of 7,750 from the previous week’s unrevised average of […]
U.S. Industrial Production: April 2015 Preview
No change is expected for US industrial production in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates. The median prediction of flat performance represents an improvement over March’s steep 0.6% decline. April forecasts of industrial activity based on recent surveys of economists range from […]
Jobless Claims Collapse Near 42 Year Low, But Texas Turmoils
Only once in the last 42 years have jobless claims been lower than this week’s 264k print… Other than April 2000, this is the ‘best’ jobless claims print since 1973! Seems like ZIRP is well-warranted. But not everyone is loving it as Texas continues to turmoil (no matter how diversified the talking heads tell the people their economy […]
US Dollar Updated – May 14, 2015
The trend line from last summer is lost and the 94 +/- short-term support area is breaking down, per the weekly (live) chart. Now we look ahead to major support and the potential for a 38% or 50% retrace of the entire rally out of last summer. Monthly chart…
What Were The Best And Worst Apple Inc. Ratings Of The Past Year?
Apple Inc. (NASDAQ: AAPL) is one of the world’s hottest stocks. Early investors who held onto Apple have made millions thanks to the stock’s continued success. Over the past year alone Apple stock has increased nearly 50% thanks to the long-awaited release of the iPhone 6/6+ and expanding sales in China. Which analysts made the most cunning […]
Boss Hog
Many months ago, a Sloper (who seemed quite knowledgeable on the subject) said that Harley-Davidson was going to be facing worsening conditions and that it should be shorted. I didn’t leap on that idea nearly fast enough, but I’ve been short HOG for a while, and it’s good to see the chart beginning to break […]
