Category Archive: Finance
Ballast Point Continues To Perform For Constellation Brands
Constellation Brands (STZ) shares reached an all time high after an excellent fourth quarter and raised guidance for 2017. Revenue came in at $1.54 billion, a 14.1% increase year-over-year. Constellation finished the year with $1.4 billion in operating cash flow an increase of 31%. Constellation has been on a roll recently with acquisitions, after completing its purchase […]
Roll Over Or Rally Hard?
Several weekly and monthly indicators for the S&P 500 Index (SPX) are getting to levels that generally mark the top of bear market rallies. We’re sitting right at the point where the market will likely roll over or start an extremely sharp rally. First look at the weekly chart for SPX. RSI is just below […]
Gold And Silver ‘Owners Per Ounce’ Stress And Leverage
Interesting that gold spiked almost shockingly, and has subsided from there, but is still much higher than it has been for the past twenty years. And now silver is spiking higher. These are not indications of a hard default, as some have suggested. Rather, when taken with other data from different sources it suggests that […]
Seritage Growth Properties – Chart Of The Day
The Chart of the Day belongs to Seritage Growth Properties (SRG). I found the REIT by using Barchart to sort the All Time High list first for the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/17 the stock gained 25.20%. Seritage Growth Properties […]
EC Presenting The Slowdown
Whenever the topic of recession comes up, the mainstream and especially economists (redundant) become quite defensive about the possibility. Just a few days ago, presidential candidate Donald Trump claimed the US was headed for “a very massive recession” and that it was “a terrible time right now.” The Washington Post, as you would expect, was […]
SPX: Because… Reasons!
As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does to the average (present company I assume, excepted) market participant. In a bear market the best rallies last just long enough to get the trend […]
Bulls Buy The Dip
Over the past couple of weeks the rate of buying has slowed. This slowing has become more pronounced as indices pushed into November/December consolidations, but today was a concerted effort to reverse this. The chief disappointment was the lighter volume which accompanied today’s buying for certain indices. The S&P still shows a relative underperformance against […]
Market Squeeze With Stick Save
Tuesday’s sell-off wasn’t enough to spook bulls. Even the rather hawkish Fed Minutes didn’t dent bulls’ enthusiasm since it was deemed “old news”. The featured player today was an outsized rally in crude oil as inventories showed an over 4% decline in inventories. That led to a large spike in prices and allowed high market […]
Inventories And Sales: How Bad Are They? Study In Pictures
In response to GDPNow Rises to 0.3% Following Dismal Retail Sales and Inventory Reports; Fed vs. Fed Update I received a nice email from reader Tibor. Tibor writes “Hey Mish, Just wanted to thank you for being one of the sanest, if not sanest, economic skeptics out there. Most of the pundits on the bear […]
Victory Capital Rolls Out New Emerging Market ETF
After a string of issues including turmoil in China and global growth slowdown dragging the emerging markets down, a positive shift in sentiment can be seen lately. This trend is validated by the two most popular ETFs – iShares MSCI Emerging Markets ETF (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) – climbing over 11% […]
