Category Archive: Finance, No picture
SolarEdge Q2 2018: Huawei Looms Large On The Horizon
SolarEdge stock has plunged some 20% after Q2 earnings. Q2 financials were within expectations, and guidance for Q3 a bit soft, but not enough to justify the selloff. We argue that market reaction is more related to impending competition from Huawei in the residential solar market. We look at Huawei’s and SolarEdge’s strengths, estimate SolarEdge’s […]
Retail Sales Jump 0.5% In July, June Revised Lower
July retail sales come in well above expectations even accounting for the downward revision in June from 0.4% to 0.2%. The U.S. Census Bureau announced the advance estimates of U.S. retail and food services sales for July 2018. Advance estimates of U.S. retail and food services sales for July 2018, adjusted for seasonal variation and holiday and […]
Top 5 Charts Of The Week – Wednesday, August 15
This week: Global equities – death cross breadth and what it’s telling us about emerging markets US cyclicals vs defensives and the S&P500 outlook (a bearish or bullish rotation?) A surge in US credit growth on the cards based on Fed loan officer survey Spike in policy uncertainty in China – why it makes sense […]
3 USAA Mutual Funds For Spectacular Gains
USAA Investment Management Company allocates its assets across a wide range of mutual fund categories, including both equity and fixed-income funds. The company seeks to follow military values — Service, Loyalty, Honesty, and Integrity — to offer financial services such as brokerage services and discretionary asset management. Founded 40 years ago, the company currently has […]
Two Largest QQQ Components Compromised?
Last week, I opined a technical piece entitled, ” Momentum Divergences Flashing Warnings Signs for QQQ & FAANG Stocks”, which highlighted the near- and intermediate-term divergences that were and still are developing in the big-cap technology sector. Today I follow up with a look under the hood and the technical setups in Apple (AAPL) and […]
The CBO On Trade Policy Uncertainty
The CBO’s Budget and Economic Outlook is a must read. In addition to the widening budget deficit (no supply-side miracle here), and the downward revision in projected 2018 growth, there is this commentary in the section blandly titled “Some Uncertainties in the Economic Outlook” (page 14 onward): A sizable uncertainty in the U.S. trade and inflation forecast stems […]
GBP/USD Eyes June 2017-Low As U.K. CPI Fails To Impress
BRITISH POUND TALKING POINTS GBP/USD trades to fresh 2018 lows as fresh data prints coming out of the U.K. do little to sway the monetary policy outlook, and recent price action warns of a further decline in the exchange rate as the Relative Strength Index (RSI) pushes deeper into oversold territory. GBP/USD EYES JUNE 2017-LOW AS […]
Why One Bank Thinks The Fed Has No Choice But To Launch QE4 Next Year
With the current Emerging Market rout growing stronger by the day as the dollar surges, crushing carry trades left and right and sending EM currencies plunging, in the process validating the June warning from RBI governor Urjit Patel who warned the Fed that continued liquidity extraction in the form of balance sheet shrinkage will only make contagion […]
