Category Archive: Finance, No picture
USD/CAD Testing 1.2950 Support After US-Mexico Trade Agreement
With UK traders out on holiday and markets generally slow as traders try to soak up the last of the summer sun, today’s trade has been all about…well, trade. This morning, representatives from the United States and Mexico announced that they had reached a new bilateral trade agreement to replace NAFTA. At a high level, […]
Shorting The Euro Remains A Great Opportunity As European Downturn Worsens
After peaking in early 2018, the euro has weakened against the US dollar Going forward, slowing growth and inflation continue to weigh on the euro Relative to recent history, speculator positioning can also fall much further In our last take on the euro in April, we wrote that the bullish case for the currency was […]
5 Stocks To Make The Most Of New Analyst Coverage
Coverage initiation by analyst(s) on a stock inevitably leads to increased investor interest. This is because investors assume that there is something in the stock that has attracted analyst attention. In other words, they assume that the company coming under the microscope definitely has some value. Why do analysts initiate coverage? Of course, stocks are […]
GDP Estimates – Only 1.96% Q3 GDP Growth Expected
GDP Estimates GDP Estimates – Since we discussed the durable goods report which goes right into GDP, it makes sense to review the latest estimates for Q3. The average of 12 estimates in the GDP rapid recap show growth will be 3.4%. The St. Louis Fed’s Q3 Nowcast fell from 3.69% to 3.64%. The Atlanta […]
Dallas Fed Manufacturing Outlook: Robust Expansion In July Continues In August
This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for August. The latest general business activity index came in at 30.9, down from 32.3 in July. Other components of the survey showed improved growth. All figures are seasonally adjusted. Here is an excerpt from the latest report: Texas factory activity maintained its strong momentum in […]
Fundamental, Not Technical
On June 13, the day the eurodollar futures curve inverted, Federal Reserve Chairman Jerome Powell was at his regularly scheduled press conference following the regularly scheduled FOMC meeting. Nobody asked him about eurodollar futures, of course, because why bring that up? The press did inquire about IOER, though. The Fed had decided to make a “technical adjustment” […]
E Omega Healthcare: It’s Not Too Late To Buy This 8% Yielding REIT
Omega Healthcare Investors (OHI ) is one of the highest yielding REITs, with an 8.0% current dividend yield. It has rallied 30% in the last four months, mostly thanks to positive results in its last two earnings reports and improved guidance. Such a rally is likely to deter most investors from purchasing this REIT. However, […]
Trump Strikes Trade Deal With Mexico, Renames NAFTA
As tipped over the weekend and discussed at length here, the U.S. and Mexico have struck a deal on NAFTA, after weeks of negotiations aimed at clearing roadblocks to a bilateral agreement that would set the stage for Canada to return to the table. Trump has been teasing this for the better part of a week […]
USD/CAD Snaps Monthly Range Even As BoC Warns Of ’Transitory Factors’
CANADIAN DOLLAR TALKING POINTS USD/CAD remains under pressure even as the Bank of Canada (BoC) tames expectations for another rate-hike in 2018, and the exchange rate may continue to track the downward trending channel from late-June as it snaps the monthly opening range. USD/CAD SNAPS MONTHLY RANGE EVEN AS BOC WARNS OF ‘TRANSITORY FACTORS’ USD/CAD has […]
3 MFS Mutual Funds For Scintillating Gains
Founded in 1924, MFS had nearly $256 billion in assets under management as of Jun 30, 2018. MFS deals in more than 60 portfolios, which invests in both domestic and global stocks as well as in fixed-income debt securities. The company focuses on providing a wide variety of financial products and services to fulfill the […]
