Category Archive: Finance, No picture
ETFs To Watch On Cisco’s Solid Results
After the closing bell on Wednesday, tech prime Cisco Systems (CSCO – Free Report) reported robust fiscal 2019 first-quarter results. The networking giant topped estimates on both revenues and earnings and provided an upbeat outlook. Results in Detail Earnings of 68 cents per share outpaced the Zacks Consensus Estimate by a couple of cents and improved from […]
Weekly Heating Oil Prices – Thursday, Nov. 15
We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.35, unchanged from last week and up 6 cents since […]
5 Cheap Large Cap Stocks To Buy Now
Audio Length: 00:20:41 The stock market volatility of October has continued into November. But don’t let a pullback scare you out of stocks. Value investors rush in looking for deals. But if the small caps are too volatile for you, what about the large caps? They’ve outperformed the last few years and some have seen […]
The Odd Couple Trade And Is Powell Going To Backtrack?
Chris Temple took some time today to share his thoughts on the odd couple trade which has been relevant recently. With safe havens like the USD, Yen, treasuries, and gold moving higher maybe this is just the start of a longer-term move. Also of note were some recent comments by Powell addressing the weakness from […]
Six UK Government Ministers Quit Over Brexit: Pound Slammed, Deal In Doubt
After digging into the 585-page Brexit document, Theresa May’s ministers came to the right conclusion: The deal stinks. The Wall Street Journal reports U.K.’s Brexit Deal in Jeopardy as Senior Ministers Resign. Six government ministers, including Brexit Secretary Dominic Raab, one of the architects of the deal, quit Thursday as the prime minister faced a barrage of […]
Mortgage Applications The Lowest Since February 2017
Mortgage Applications – More Weakness In MBA Applications The housing market weakened this summer. Home price growth is going to fall in the next few months. Affordability is a problem in many cities. The latest housing data comes from the MBA mortgage applications index. This composite index was down 3.2% week over year in the […]
Inflation: An X-Ray View Of The Components – Thursday, Nov. 15
Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation. We can make some inferences about how […]
Stagflation, Here We Come
What I’ve learned at the Federal Reserve is a new language which is called “Fed speak.” You soon learn to mumble with great incoherence. – Former Federal Reserve chairman Alan Greenspan DUBLIN – Alan Greenspan is alive and well. Aged 92, he was on TV yesterday telling viewers that “unless they get control of the […]
Import Prices Rise 0.5%, Export Prices 0.4% As Petroleum Once Again In Play
Import prices rose in October due to a jump in petroleum prices that won’t last. The BLS report on Import and Export Prices for October shows prices rose on the backs of a gain in energy that won’t last. Import Prices Imports Import prices advanced 0.5 percent in October, the largest monthly increase since a 0.9-percent rise […]
Gold Price Outlook: Recovery Testing Resistance At Prior Support
Gold rebounded from technical support this week with the rally now testing a critical inflection zone in price. These are the updated targets and invalidation levels that matter on the XAU/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. GOLD DAILY PRICE CHART (XAU/USD) Technical Outlook: In our latest Gold Weekly Technical Outlook we stated that “Put […]
