Category Archive: Finance
May’s Early Election Bid Sends Sterling On Roller Coaster
UK Prime Minister May surprised investors by calling for a snap election on June 8. The Tory Party is ahead of Labour by over 20 percentage points. It currently enjoys a 17-seat majority in the House of Commons. The early election would put the next scheduled election in 2022, which is after the two-year Brexit negotiations […]
Goldman Sachs, Bank Of America Report Q1 Earnings
Goldman Sachs (GS) and Bank of America (BAC) released their latest quarterly earnings results before opening bell this morning. Goldman Sachs reported $5.15 per share in earnings on $8.03 billion in revenue, compared to the Wall Street estimates of $5.31 per share and $8.4 billion. In last year’s first quarter, the firm reported $2.68 per […]
UnitedHealth Group Inc. Reports Q1 Earnings Beat, Guidance Upped
UnitedHealth Group Inc. (NYSE:UNH) early Tuesday posted better than expected first quarter earnings results and lifted its full-year outlook, sending its shares higher in premarket trading.
The Stock Whisper Of The Day: BCS, BAC, GS
Hot stocks of the day: BCS, BAC, GS Video length: 00:04:07
Yen Index Benefits From Weak Sentiment And Repatriation Flows
Whilst the US dollar has been in a bearish trend for the last few months, for the Japanese yen sentiment here has been the polar opposite with the yen index rising strongly in a bullish trend, in part driven by yen repatriation flows during March and coupled with a stalling in equity markets as risk […]
Dollar Drivel
Strong dollar or weak dollar, take your pick. The dollar took a break last week after President Donald Trump said that the dollar was too strong. U S. Treasury Secretary Steven Mnuchin told the Financial Times a strong dollar was a positive in the long term. Overall this did not help the mood of the […]
E Market Briefing For Tuesday, April 18
An upside ‘lockout’ for sellers was not at all surprising, since virtually the entire ‘air pocket’ last Thursday was as anticipated; an ‘absence of bids’ just ahead of the dreaded military weekend. I suggested that sellers would get nowhere early Monday, and we’d go right back up again in a short-squeeze, ‘if’ we managed to […]
Financials Stumble, But Still Lead Sectors For 1-Year Window
Financial stocks have been sliding over the last several weeks, but these companies remain comfortably in the lead for the trailing one-year return among US sectors, based on a set of proxy ETFs through Apr. 17. Financial Select Sector SPDR (XLF) is ahead by a strong 27.6% for the 12 months through Apr. 17, moderately […]
Goldman Misses As FICC Disappoints, Stock Slides As Average Banker Comp Hits $360K
Unlike the other big banks, Goldman’s earnings release is a breeze: since the bank has virtually no balance sheet to use as a source of income (or loss), it is all about the income statement. And it was here that there was a big surprise, because despite expectations of a blowout result, with whisper numbers […]
Technically Speaking: Oversold Bounce Or Return Of The Bull?
In this past weekend’s missive, “Markets Go On Alert,” I stated that due to the oversold condition of the market on a very short-term basis, a rally was due this week. To wit: “IMPORTANT: By the time weekly signals are issued on an intermediate-term basis, the market is generally oversold, with ‘bearish’ sentiment increasing, on a short-term (daily) basis. Given those short-term […]
