Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink
Zumiez Inc. (ZUMZ – Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and was down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released. Matched earnings estimates. The company posted earnings of […]
Tech Bulls Biting Nails At This Price Point, Says Joe Friday
First Fact….The Nasdaq tech train trend is up and has NOT derailed at this time, nor has it slowed down! Below looks at the Nasdaq Composite index over the past 20-years: As mentioned above, the trend in the Tech remains higher and it remains above long-term moving averages. This chart highlights a test of a […]
Futures Surge As Johnson, Daines Greenlight Tax Bill
After a planned series of votes on the Trump tax plan were called off last night, GOP senators were scrambling to assuage the concerns of Republican holdouts who suddenly decided that the tax bill would blow out the deficit after one proposal – a so-called “trigger” that would automatically raise taxes if revenue targets aren’t […]
3 Global Markets That Could Indicate An Interim Correction
Here are a few global ETFs with little room to drop in order to avoid daily chart technical breakdowns. That does not mean the end of the larger up trends, but could signal oncoming intermediate corrections if they do fall further and close the week that way (pre-market is red). The question would be, are […]
Is Marvin Goodfriend The Worst Fed Nominee Of All Time?
Yesterday Donald Trump nominated Marvin Goodfriend to the Federal Reserve Board of Governors, one of the numerous vacancies that have emerged over the course of the past year. While his prior nominations of Jay Powell as Chairman and Randal Quarles as Vice Chair represented a disappointing commitment to the status quo, his selection of Goodfriend is a […]
Canadian Jobs Jump By 79.5K, GDP +0.2% M/M – USD/CAD Falls To Support
A far better than expected jobs report in Canada: no less than 79.5K jobs were gained in November. The unemployment rate falls below 6% to 5.9%. All this, with the participation rate remaining high at 65.7%. The GDP report was upbeat as well: month over month, the economy grew by 0.2% and for Q3, the […]
Morning Call For Friday, Dec. 1
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.42%) this morning are down -0.45% after the U.S. Senate suspended voting on the tax bill until today after a compromise to win a majority collapsed. Also, the U.S. faces a partial government shutdown next Friday if Congress can’t agree on a spending bill by then. European […]
Amazon Price Target Raised To $1,525 From $1,430 At Wells Fargo
Wells Fargo analyst Ken Sena raised his price target for Amazon.com (AMZN) to $1,525 to reflect increased outer-year estimates for Web Services as well as a higher sum-of-the-parts valuation. The stock closed yesterday up $15.48 to $1,176.75. The analyst highlights the “very successful” five-day Amazon Wed Services conference in Las Vegas, “record-breaking” early holiday sales […]
Pfizer/Merck KGaA Drug Fails In Study, Teva CEO Announces Changes
While reports about tech giant Amazon meeting generic drugmakers made the rounds, companies like Pfizer (PFE – Free Report) and Teva Pharmaceutical Industries Ltd.’s (TEVA – Free Report) were in the news with the former reporting late-stage data and the latter announcing leadership and organizational changes. Recap of the Week’s Most Important Stories Is Amazon in Talks with Generic […]
How Will Gold End 2017?
The 2017 is almost gone. The last eleven months were not perhaps a spectacular time for gold, but it managed to rise more than 12 percent year-to-date, as one can see in the chart below. Chart 1: Gold prices year-to-date (London P.M. Fix). November was rather dull for the gold market – the price of the yellow […]
