Category Archive: Finance, No picture
FV Did IBM Buy Red Hat At A Fair Price?
Introduction On October 23, 2015, I wrote an article titled “Retirees: I Did Not Buy IBM to Sell; It’s about the Dividend Income Stupid.” At the time I published the article, I was long International Business Machine (IBM) and remain long today. With the article, I attempted to illustrate why I was including IBM in […]
Profit Taken On EUR/USD Short
The ADP national employment report on Wednesday showed that U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September. The U.S. Federal Reserve increased interest rates in September for the third time this year […]
International Game Spikes After Q3 EPS Beats Analysts’ Estimates
Shares of electronic gaming machine maker International Game (IGT) jumped in afternoon trading after the company reported third-quarter results that beat analyst views on the bottom line. PROFIT BEAT: The slot machine maker reported Q3 EPS of 31c on revenue of $1.16B. Analysts were anticipating EPS of 29c on revenue of $1.19B. “Solid performance and […]
Facebook Stock Rallies On EPS Beat
Facebook Stock – Correction Allowed Facebook To Rally Facebook reported a similar quarter to its last quarter. It beat EPS estimates, missed revenue estimates, and missed user estimates. The difference between this quarter and the last quarter is the price of the stock. Its stock was at $217.50 on July 25th. Heading into this report, […]
One Year Look-Ahead Expectations: Household Income, Inflation, Spending
Every month, the NY Fed conducts a survey of consumer expectations. The top chart is from the Fed, I created the others. Please consider the New York Fed Survey of Consumer Expectations for September 2018. In the September survey, one-year- and three-year-ahead inflation expectations held at 3.0 percent. Respondents’ expectations at both horizons have been virtually unchanged […]
US Markets Bouncing And USD Further Breaking Out
Chris Temple joins me to outline the upward moves in US equities and the continued breakout in the USD. Although the US markets continue to seem a bit confused the last couple days are giving the markets a little room from a further breakdown. On the other hand the USD continues to move higher and […]
Chicago PMI Declines In Again In October
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Beware The GBP/USD Rebound Amid Surge In Retail Long-Interest
The decline in GBP/USD appears to have stalled ahead of the 2018-low (1.2662) amid signs of an imminent Brexit deal, with the British Pound outperforming against its major counterparts ahead of the Bank of England (BoE) interest rate decision, but the ongoing shift in retail sentiment undermines the recent rebound in the exchange rate as the pickup […]
China Now Japan; China And Japan
Trade war stuff didn’t really hit the tape until several months into 2018. There were some noises about it back in January, but there was also a prominent liquidation in global markets in the same month. If the world’s economy hit a wall in that particular month, which is the more likely candidate for blame? […]
