Category Archive: Finance, No picture
Nordstrom Reports Q2 EPS 95c, Consensus 84c
Nordstrom (JWN) – Reports Q2 revenue $3.98B, consensus $3.96B. Total Company net sales increased 7.1 percent for the second quarter ended August 4, 2018 compared with the quarter ended July 29, 2017. This reflected a favorable shift of approximately 100 basis points primarily due to the impact of the new revenue recognition standard as it […]
Tesla Sues The Government Of Ontario For Ending EV Incentives
These days when one hears “Tesla” and “lawsuit” in the same sentence, conventional wisdom is that yet another disgruntled investor is suing Elon Musk’s company and/or Musk himself, seeking recoveries from Musk’s “going private” tweet, either longs or shorts. In this case however, the tables are turned, because as Electrek reports, one month after the Ontario government […]
EUR/USD Bounce In Progress; Long At 1.1350
The USD ended little changed on Wednesday after reaching a 13-month peak against a basket of currencies. Upbeat figures on U.S. retail sales, manufacturing output and worker productivity supported the greenback and the view of steady U.S. economic growth. But USD sell-off during the North American session suggests a corrective move is due. This is […]
Nvidia (NVDA) Surpasses Q2 Earnings And Revenue Estimates
Nvidia (NVDA – Free Report) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.44%. A quarter ago, it was expected that […]
The Auto Business Is Overall Business
Automobiles have come a long way in two decades. The import craze of this latest bout of globalization was in the car business handed an open door by a lack of quality, or perceptions about a lack of quality. The domestic auto industry in the seventies and eighties really did not shine its brightest. By […]
SEC Is Probing If Musk Tweeted About Tesla Deal To “Crush The Shorts”
With every passing day, it is becoming increasingly likely that Musk’s “funding secured” tweet could end up the costliest in history, and could potentially land him, or others, in prison. Last week, before it was confirmed that the SEC had opened a probe into Tesla, by sending the company a subpoena inquiring into Musk’s actions, we […]
Poland, The Next Turkey? Spotlight On The Zloty And External Debt
Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing authoritarianism is likely to accelerate. In case you have been living on Mars over the last few years […]
“Virtually Everybody Knew This Was Coming”
Was it Turkey’s “executive presidency” and its unwillingness to hike rates in the face of soaring inflation? Or maybe the record global debt accumulated over the past decade? Maybe the artificially low interest rates? Or perhaps it was the pervasive current account deficits amid easy outside capital. How about the rapid slowdown in China, its […]
This Book Suggests That Another Economic Crisis Is Closer Than You Think
Beige Book Suggests U.S. Businesses Fear Tariffs Will Trigger Economic Crisis What’s the Beige Book? Chairman Mao’s Red Book and Colonel Gaddafi’s Green Book were more famous. But the Beige Book may soon become more infamous because it predicts an economic crisis. Indeed, to investors, the Beige Book will soon be less bland than its name suggests—at least as far as 2018 goes. Suffice it […]
