Rail Week Ending December 30, 2017: 2017 Was A Relatively Good Year
Week 52 of 2017 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion, but the decline in the last week of the year negatively affected all the averages. Analyst Opinion of the Rail Data We review […]
Canada Gains Another Whopping 78.6K, Unemployment Falls To 5.7% – USD/CAD Crashes
A second consecutive month of excellent jobs figures from Canada: 78.6K jobs gained and the unemployment rate falls to 5.7%. This comes on top of a similar report for November. The participation rate is also up to 65.8%. Wages are up 2.7%, slightly higher than in the US. USD/CAD crashes to 1.2374. Here is the […]
Cisco Upgraded To Buy On Software Transition, Valuation At BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Cisco (CSCO) to Buy from Neutral, as he sees the company being in the early stages of a positive transition to software. While noting the strategy shift is not new, Liani said he is also incrementally more positive on Cisco’s stability following years of […]
Stock Market For Friday, January 5
This morning we are going to discuss the following charts listed in sequence below. Today is Non-Farm Payrolls Friday and this report is a stock market mover. ****Charts Reviewed In Sequence Listed Below***** $UUP $BABA $TCEHY $SONC $AUPH $BNCL $CAMP $TZA
Mark Zuckerberg To Study Cryptocurrency Technology
Facebook CEO, Mark Zuckerberg on Thursday expressed his interest in cryptocurrency technology and its potential usage in strengthening Facebook services going forward. In the 2018 mission statement, Zuckerberg emphasized the limitation of centralized technologies, while at the same time highlighting the danger of unregulated decentralized technologies. “With the rise of a small number of big […]
Treasury Market’s Inflation Forecast Ticks Above Fed’s 2% Target
The Treasury market’s 10-year estimate of future inflation rose above the Federal Reserve’s 2% target this week – the first time that level has been breached for this maturity since last March, based on daily yield-spread data via Treasury.gov. Official inflation numbers, which are published with a lag, continue to reflect pricing pressure that’s modestly […]
Acerinox, S.A. Is Stainless, As In Steel
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Where Did All The Oil Go?
Where did all the oil go? Long time passing! A 7.06 million-barrel drop, the seventh drop in a row in a crude adding oil supply drawdown of historic proportions. Record refinery runs operating at 96.7% of their operable capacity last week running 17.6 million barrels of crude oil per day. This comes against a backdrop […]
Morning Call For Friday, January 5
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.30%) this morning are up +0.29% at a new record nearest-futures high as global stock markets continue their rallies in the first week of the new year. Expectations for a strong U.S. Dec payroll report this morning is pushing U.S. stock indexes further into record territory and European […]
Nifty, BSE Midcap Close At Record Highs; FMCG & Realty Stocks Rise
Indian share markets continued to surge in the afternoon session and touched record highs amid gains in international markets. At the closing bell, the BSE Sensex closed higher by 184 points and the NSE Nifty finished higher by 54 points. The S&P BSE Mid Cap finished up by 0.7% while S&P BSE Small Cap finished up by 1%. Gains were largely seen in FMCG sector, realty […]
