Category Archive: Finance, No picture
Caterpillar (CAT) Surpasses Q3 Earnings And Revenue Estimates
Caterpillar (CAT) came out with quarterly earnings of $2.86 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.06%. A quarter ago, it was expected that this […]
E Posen And Cramer On Trade Wars And Cold Wars
Esteemed economist, Adam Posen, speaks out on trade wars and tariffs. This is one of his most important statements regarding the New World Order: At the heart of that order, it put the liberal values of free trade and the rule of law. Over the next seven decades, the order, backed by U.S. power and bolstered […]
Discussing Asia And The Panic In Emerging Markets
Last week’s “Behind the Markets” podcast highlighted two of the more beaten-down regions on a pure asset price and valuation basis today: Japan and emerging markets. The overlap between the two is that Japan, in local currency terms, trades with volatility levels not so different than standard emerging market countries, with a large beta to global growth prospects given two-thirds of […]
Priced To Perfection?
Is oil priced to perfection? Well in the last few weeks you have heard a lot of noise from a lot of places about where oil prices are going, yet if you want a consistent message and want to cut through the noise to look at the big picture, look to the “ Energy Report” […]
GBPJPY Bear Pressure Targets 145.01 Support Zone
GBPJPY bear pressure targets the 45.01 support zone as it looks for further price extension. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing […]
Stock Slump Pushes Yields Lower And Buoys Yen
There is one main story today, and that is the resumption of the slide in equities. It is having a ripple effect through the capital markets. Bond yields are tumbling. Gold is firm. The dollar is narrowly mixed, though the yen stands out with almost a 0.5% gain. Most of the large equity markets in Asia, […]
Dow Tumbles 400 Points After 3M, Caterpillar Crash After Earnings
The earnings disappointments continue with CAT and 3M the latest to add to fears about “peak earnings” after 3M not only missed Q3 earnings but slashed its full year EPS guidance, while CAT warned about rising material and freight costs. Starting with 3M, the multinational conglomerate reported 3Q EPS $2.58, which while a 10.7% increase […]
Yen Aims To Extend Gains As Market-Wide Selloff Continues
TALKING POINTS – JAPANESE YEN, STOCKS, AUSTRALIAN DOLLAR, CARNEY, FED Yen soars, Aussie and Kiwi Dollars plunge as Asia Pacific stocks unravel Comments from BOE’s Carney might not offer policy direction guidance Fed commentary may amplify risk aversion signaled in stock index futures The anti-risk Japanese Yen soared while the sentiment-anchored Australian and New Zealand Dollars traded broadly lower […]
Weekly Gasoline Price Update: Regular And Premium Both Down
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down four and two cents each, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.86 and South Carolina has the cheapest at $2.54. The […]
What’s The Real Value Of Your Stock?
Several years ago, I recommended two stocks in The Oxford Income Letter that generated a lot of reader feedback. I suggested that readers buy stock of a tobacco company that has since been acquired and GEO Group (NYSE: GEO), a private prison operator. Nearly all of the emails I received about those two stocks were from people angry that I […]
