NetApp’s (NTAP) Q2 Earnings And Revenues Surpass Estimates
NetApp Inc. NTAP reported fiscal second-quarter 2018 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate of 69 cents per share. The figure surged 35% on a year-over-year basis and was also within the guided range. Revenues of $1.42 billion increased 6% from the year-ago quarter, surpassing the Zacks Consensus Estimate of $1.38 billion. […]
JPMorgan Says Sell Several Hotel Stocks After Recent Outperformance
In a research note this morning, JPMorgan analyst Joseph Greff downgraded Chesapeake Lodging Trust (CHSP), Sunstone Hotel (SHO) and LaSalle Hotel (LHO) to Underweight, a sell-equivalent rating, pointing to recent outperformance, valuation, and fundamentals and outlooks that he still sees as soft. SELL AFTER OUTPERFORMANCE: In a research note to investors, JPMorgan’s Greff downgraded Chesapeake […]
Best Buy Shares Slide Following Weak Q3 Earnings
Best Buy (NYSE: BBY) On Thursday before the market opened, Best Buy ($BBY) announced third quarter results that missed analyst expectations and sent shares sliding in the premarket. The company announced earnings per share of 78 cents on $9.32 billion in revenue while analyst were looking for 78 cents per share on $9.36 billion in revenues. However, […]
Exploding Ecommerce Sales Drive Wal-Mart To Its All-Time High
Wal-Mart (WMT) is one of the most well-known retailers in the world thanks to its global presence and every day low prices. It is also a very popular dividend growth stock. With 44 years of consecutive dividend increases, Wal-Mart is a member of the exclusive Dividend Aristocrats index – an exclusive group of dividend stocks with 25+ […]
The Reason Bitcoin Isn’t Money
You could buy a Domino’s pizza with bitcoin if you wanted to. A large pepperoni pizza will cost about $13. The cost to process the transaction with bitcoins will add about 88% to the price. That’s right. You must pay to use bitcoins. This isn’t unusual. You also pay to use a credit card, PayPal […]
USDCAD – Back To 1.2500?
The loonie has been a persistent loser for the past six weeks as the Bank of Canada did an abrupt about-face and turned resolutely neutral after surprisingly hawkish since the summer. After hiking rates not once but twice, the BOC saw its currency appreciate too much for its own liking and saw CAD data […]
Duties Imposed Against Chinese “Dumping” Hurt American Consumers
For years, special interests have called on the U.S. government to “level the playing field” in the form of duties, levies, and other antiquated measures. Democrats and Republicans alike have aired their grievances over the trade deficit, grumbling about exporters hurting American workers by flooding the market with cheap goods. These complaints are deeply misguided. […]
Market Nearing Short-Term Oversold Conditions
My Swing Trading Approach I’m looking to add 1-2 new positions today, but will remain cautious in the early going, which is where the market has been the most vulnerable to sell offs, recently. Indicators VIX – Highest close since 8/21. Has rallied 7 out of the last 8 days, though each session sees the sellers […]
NAHB Housing Market Index: “Builder Confidence Climbs To 8-Month High In November”
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest […]
Commodities Ready To Strengthen
The commodity ETF symbol DBC had been trapped beneath resistance for over two years, but it broke out recently. The weakness we saw in crude oil earlier this week dragged it down some, but it’s push up off support at this point (see arrow). If this level holds (16.05) we could be entering a new upswing in […]
