Wal-Mart Stores Makes All-Time Highs After Earnings Report
Wal-Mart Stores, Inc. (NYSE: WMT) On Thursday, November 16th, 2017, Walmart stores reported their fiscal quarterly earnings before the market open for trading. Walmart reported revenue of +$1.23 billion dollars which compares with +$1.21 billion dollars in the year-ago period. Earnings came in at $1 per share after adjustments, while analysts had been expecting $0.97 […]
October 2017 Residential Building Improves
The headline residential building permits improved and construction completions improved. But we keep our eyes on the rolling averages because of the significant monthly fluctuations. Analyst Opinion of Residential Building The backward revisions this month were moderately upward.The nature of this industry normally has large variations from month to month (mostly due to weather) so […]
Wal-Mart ETFs To Buy On Blockbuster Q3 Results
Wal-Mart (WMT – Free Report) reported blockbuster third-quarter fiscal 2018 results. The mega retailer continued its long streak of positive earnings surprise as it beat estimates for the ninth consecutive quarter. It also topped revenue estimates and offered an upbeat guidance for the holiday quarter and the fiscal year. Per Bespoke Investment Group, this is only the […]
CPI In October 2017 And Gold
On Wednesday, a report on U.S. consumer inflation was released. What does it imply for the gold market? As we predicted last month, the monthly rate of inflation slowed down in October after soaring in September due to disruptions caused by hurricanes. Consumer prices increased 0.1 percent. The move was driven mainly by higher housing costs (which jumped […]
Ross Stores (ROST) Rallies On Solid Q3 Earnings, Raised View
Ross Stores, Inc. ROST reported solid third-quarter fiscal 2017 results, wherein both the top and bottom lines topped estimates and improved year over year. Further, earnings came ahead of the company’s projection despite the tough year-over-year comparisons, volatile retail environment and the impact of two major hurricanes during the quarter. Driven by the continuation of trends witnessed […]
RecessionAlert Weekly Leading Index Update – Friday, Nov. 17
The latest index reading came in at 26.1, up from 25.1 the previous week. RecessionAlert has launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes […]
Crude Oil – General Stock Market Link
On Thursday, the overall situation in crude oil hasn’t changed much as the commodity wavered around the January peak. Will the relationship between black gold and the general market give us more clues about future moves? Crude Oil’s Technical Picture Let’s examine the technical picture of the commodity (charts courtesy of http://stockcharts.com). From today’s point of […]
Rail Week Ending 11 November 2017: Continued Slowing Of Rolling Averages
Week 45 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion but growth rate continues to slow. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal […]
The Biggest Wealth Transfer In History
What will happen between now and 2025? Nobody knows of course but I will later in this article have a little peek into the next 4-8 years. The concentration of wealth in the world has now reached dangerous proportions. The three richest people in the world have a greater wealth than the bottom 50%. The top 1% […]
The Aramco Money Machine: Where Will It Go?
Forget the buzz around Saudi Aramco’s initial public offering (IPO), which looks set for 2018. Saudi Crown Prince Mohammad bin Salman (aka MBS) has been on a PR campaign to plant the seeds of a $2 trillion valuation. Other, more sober estimates put the figure at $1 trillion. Whatever the number, consider that ExxonMobil’s market […]
