Category Archive: Finance
ValuEngine Rates Tesla A Sell
Tesla Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. It operates primarily in the United States, China, Norway and internationally. Tesla Inc., formerly known as Tesla Motors Inc., is headquartered in Palo Alto, California. The company has long been a darling of those with an eye on the future […]
Global Financial Market Stress Soars To 2017 Highs
April looks set to be the worst month since August 2015 (when China devalued and turmoil spread across the world) for global financial stress. As Bloomberg reports, rising geopolitical concerns are pushing a gauge of anxiety for global asset classes to this year’s high. The Global Financial Stress Index is a Bank of America Merrill Lynch calculated, cross market measure of risk, hedging demand […]
How Concerning Is The S&P 500’s Pullback?
It is normal and to be expected for bullish trends to experience pullbacks or retracements. Typically, a healthy trend will see countertrend moves that remain above the three major Fibonacci retracement levels shown below. As of April 17, the S&P 500 ETF’s (SPY) post-election rally remains in the “normal pullback” zone. Is The Bigger Picture […]
United To Report Earnings Amid Public Relations Disasters
United Continental Holdings (UAL) reports April 17 after the market closes. Key Takeaways: The Estimize consensus is calling for earnings per share of $0.38 and $8.35 billion in revenue, with EPS 1 cent above Wall Street, and $13 billion behind the WS estimate in revenue. United’s two viral public relations incidents will not […]
Earnings Reports To Watch This Week For 3 Dividend Paying Firms
Written by TheDividendManager.com Earnings season has resulted in a lot of excitement in the market. Last week it included some of the big banks including Citigroup (NYSE: C) and JP Morgan (NYSE: JPM). This week the notables include Johnson & Johnson (NYSE: JNJ), International Business Machines Corp. (NYSE: IBM) and Verizon Communications Inc. (NYSE: VZ). Below […]
E ADRs Best & Worst Report – Monday, April 17
The best sector in ADRs is utilities. The top countries are Mexico, Chile, and Switzerland. The average score across our ADR universe is 52.61. For perspective, the score averages 53.52 and 53.80 over the past four and eight weeks. The average ADR in our universe slipped 0.48% in the past week, and is trading -14.53% […]
Gold ETFs Do Not Always Do The Same
Generally, gold ETFs should behave in the same way. For example, when one gold ETF accumulates gold, the other ETFs should do the same. However, sometimes it is not the case. Look at these two charts: source: Simple Digressions Note that in January the first gold ETF, IAU, accumulated 125.2 thousand ounces of gold (its […]
The Economy Is Like A Circus
The economy is like a circus. It comes to town, and eventually it leaves town. We get paid in tickets to this circus. As long as the circus stays in town, we can use our tickets. Once the circus leaves town, we are pretty much out of luck. The reason the circus stays in town […]
Let’s Stick To What We Know
Investors have found it difficult to resist the temptation to become armchair generals in response to the recent flurry of geopolitical volatility. I have some sympathy for that. Political experts told us that Mr. Trump would mark the beginning of a new U.S. isolationism, and even speculated about the emergence of a new Monroe doctrine. […]
Too Hot To Handle Twist: Econoday “Thankful” For Empire State Manufacturing Cooling
The Econoday consensus estimate for the Empire State manufacturing index was +15.0 in a range of 13.0 to 17.2. The actual index reading was 5.2, down 11.2 points from last month’s reading of 16.4. In a new twist on the state of the allegedly strengthening economy, Econoday is “thankful” for the cooling. Highlights Activity is thankfully cooling in […]
