Category Archive: Finance, No picture
GBP/USD Forecast: Post-EU Summit Weakness To Persist As Bull Trend Snaps
GBP/USD is back under pressure even as U.K. Prime Minister Theresa May argues that the Brexit negotiations are ‘95%’ complete, and recent price action raises the risk for a further decline in the exchange rate as it carves a series of lower highs. GBP/USD FORECAST: POST-EU SUMMIT WEAKNESS TO PERSIST AS BULL TREND SNAPS GBP/USD stands at risk […]
The Sky Is Falling
For nine years now every time we have an intermediate degree correction the permabears crawl out of the woodwork and start screaming the sky is falling. If you had listened to these people you would have missed one of the greatest bull markets in history. We had one of the most destructive bear markets in […]
World Stock Markets Are Turning Over
DAX The German DAX has completed an H&S top with a down slanted neckline on the weekly chart. H&S tops with down slanted necklines are generally more reliable and powerful than H&S tops with an up slanted neckline. Nifty/INDA The Nifty 50 has broken its dominant trendline. INDA has completed 15-month H&S top. Factor is […]
Treasury Snapshot: 10-Year Yield At 3.14%
Note: We’ve updated this commentary with data through Friday’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Friday at 3.14% and the 30-year bond closed at 3.31%. Here is a table showing the yields highs and lows and the FFR since 2007 […]
Kimberly-Clark Q3 Earnings And Revenues Top Estimates
Kimberly-Clark (KMB – Free Report) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.27%. A quarter ago, it was expected that […]
Two Dividend Growth Stocks Rewarding Shareholders With A Raise
As part of my monitoring process, I review the list of dividend increases every week. This is a helpful exercise that lets me identify dividend increases for companies I own. I also use this process to identify dividend companies for further research. For the review of dividend increases, I usually focus on companies that have raised dividends […]
US Dollar Strength Persists As Euro, Sterling Beset By Headline Risk
GBP/USD DIVES BELOW 1.3000 AS MESSY WEEK AHEAD FOR PM MAY Brexit dynamics continues to push volatility in the British Pound, and as we open what appears to be a challenging weak for Prime Minister, Theresa May, GBP/USD is testing below the key psychological level of 1.3000. As was discussed by my colleague Nick Cawley a little earlier […]
Chicago Fed: Moderated Growth In September
“Index points to a moderation in economic growth in September.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: “The Chicago Fed National Activity Index (CFNAI) decreased to +0.17 in September from +0.27 in August. Two of the four broad categories […]
Tactical Call Or Not, Nomura Upgrades Intel To Buy With $50 Target
Nomura Instinet analyst Romit Shah upgraded Intel (INTC) to Buy from Neutral with an unchanged price target of $50. The chipmaker closed Friday down 2%, or 97c, to $44.00. The analyst, who admits he isn’t sure if this is “just a tactical call for the remainder of 2018 or an idea that’s longer lasting,” believes […]
What’s The Story?
Saudi Arabia’s Crown Prince is shocked that anyone would believe that he would have anything to do with the death of journalist Jamal Khashoggi, who just happened to leave. I mean, was attacked by rogue elements, I mean getting into a fist fight at the Saudi consulate in Istanbul. The Saudi Crown prince, of course, […]
