Category Archive: Finance, No picture
GBP/JPY Price Outlook: British Pound Vulnerable Below This Level
The British Pound has pared a portion of the recent advance against the Japanese Yen with GBP/JPY down nearly 2.5% from the monthly highs. Price is now testing confluence support and the focus is on this key threshold heading into next week. Here are the updated targets and invalidation levels that matter on the GBP/JPY charts. GBP/JPY WEEKLY PRICE CHART Technical Outlook: GBP/JPY broke […]
Schlumberger Tops Q3 Earnings Estimates
Schlumberger (SLB – Free Report) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.22%. A quarter ago, it was expected that […]
What Is The So Called Neutral Rate For The Fed
(Audio length 00:13:16) Brien Lundin, our host down at the New Orleans Investment Conference joins me to discuss what the Fed considers the neutral rate. This is a key determination because the Fed has distinctly said that when the neutral rate is reached it will stop and reevaluate its rate hiking policy. We also look […]
Existing Home Sales Drop 6th Consecutive Month
Existing home sales declined 3.4% in September. This was the 6th month and the 5th month below the consensus estimate. The NAR reports Existing-Home Sales Decline Across the Country in September. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted rate […]
US Dollar Softens At Resistance As Dow, S&P Attempt To Stabilize
US DOLLAR PULLS BACK FROM KEY RESISTANCE AT OCTOBER HIGHS The US Dollar is pulling back from a key resistance level this morning after what’s become a really strong week. It didn’t start out that way, however, as Tuesday brought upon a test through support at 95.00 that was followed by a very visible showing from bulls […]
Why Is Watson Failing To Deliver For IBM?
It has been a few years since IBM (Nasdaq: IBM) started talking about its turnaround strategy. Recently reported disappointing third-quarter results have not pleased its investors. The market is losing patience, and the stock reported the biggest decline in the last four years, tumbling to early 2016 levels. IBM’s Financials Revenues for the quarter fell […]
Existing-Home Sales Decline In September, Lowest In Almost 3 Years
This morning’s release of the September Existing-Home Sales was down from the previous month’s revised figure to a seasonally adjusted annual rate of 5.15 million units. The Investing.com consensus was for 5.30 million. The latest number represents a 3.4% decrease from the previous month and a 4.1% decrease year-over-year. Here is an excerpt from today’s report from […]
V.F. Tops Q2 Earnings And Revenue Estimates
V.F. (VFC – Free Report) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.52%. A quarter ago, it was expected that […]
DXY Index Hovers Below October Highs; USD/CAD At Six-Week High
The US Dollar (via the DXY Index) has seen a revival after two days of strong gains on Wednesday and Thursday, and now the world’s reserve currency is set to close out the week near its highs for the month. A return back to the black fits with the historical performance in October – over the past […]
The Scariest Day
Yesterday wasn’t a fun day to be a bull. While the S&P 500 was close to unchanged late in the morning, sellers stepped in around lunch time and didn’t let up the entire day. Companies reporting earnings were even harder hit as the average stock reporting earnings after the close Wednesday or before the bell, […]
