Best Buy (BBY) Q3 Earnings & Sales Miss Estimates, Stock Down
Best Buy Co., Inc. (BBY – Free Report), the specialty retailer of consumer electronics, came out with third-quarter fiscal 2018 results, wherein adjusted earnings from continuing operations came in at 78 cents per share that missed the Zacks Consensus Estimate by a penny. However, it increased 30% from the prior-year quarter. Best Buy Co., Inc. Price, Consensus and […]
Another Cut Coming For This 12% Yielder
Two weeks ago, Marc warned that General Electric (NYSE: GE) would likely cut its dividend. On Monday, the company announced a $4.1 billion cut, the largest in U.S. history outside of the financial crisis. Speaking of predicting dividend cuts… In December 2015, I covered CYS Investments (NYSE: CYS), which invests in mortgage-backed securities. I concluded the article by saying, “I’d […]
Weekly Commodities Wrap: China Data Weakness Weighing On Copper
Gold: Gold Firm Despite Rising US Rate Hike Expectations Movement in the price of gold remained fairly muted this week as a lack of directional drivers kept the precious metal hemmed in. The Fed is widely expected to raise rates at its upcoming meeting in December which should keep upside constrained, while simmering geopolitical […]
Crude Oil – Gold Link In November 2017
In recent weeks, it was hard to avoid the topic of crude oil, turning on the TV or opening a newspaper. Developments in the Middle East, escalating tensions between Saudi Arabia and Iran, the upcoming meeting of OPEC and non-OPEC ministers as well as the Baker Hughes reports, crude oil and its products inventories were […]
Germany’s Golden Decade
Last month, the World Gold Council published a new edition of its market update about Germany’s gold investment market. What can we learn from the report? Before 2008, the German gold investment market was very small. But it has boomed in the past 10 years. Now, it is one of the world’s largest. Indeed, in 2016, €6.8bn […]
Things Are Looking Up For Disney
In our long thesis on Disney (DIS: $104/share) in January, we wrote that there were four key catalysts that could help the stock overcome ESPN fears and break out of its rut. They were: New value-creating acquisitions A successful standalone streaming service from ESPN (or a spin-off at the right valuation) Further expansion in China More blockbusters, whether that’s […]
Siemens To Cut 6,900 Jobs Worldwide, Including 1,800 In U.S.
Siemens said in a statement that it is “responding to the rapidly accelerating structural changes in the fossil power generation market and the commodity sector.” It added, “A consolidation plan for the Power and Gas Division (PG), the Power Generation Services Division (PS) and the Process Industries and Drives Division (PD) aims to increase capacity […]
Initial Jobless Claims Jump Most Since 2016’s Growth Scare
Ignoring the storm-driven aberrations, this week’s 10k jump in initial jobless claims to 249k signals a notable regime shift in the labor market. For the first time since 2016’s growth scare, there are more Americans opening jobless claims than last year… In fact, there are over 4% more people on initial jobless claims than this time […]
Rising Consumer Debt: Cracks Are Starting To Appear
When will rising consumer debt start holding back economic growth? As consumer debt levels reach records, answering this question should be a priority for US policymakers if they want to stimulate the economy. According to the latest Quarterly Report on Household Debt and Credit released today by the New York Fed’s Center for Microeconomic Data, total household debt increased by […]
GBP: Where To Position Ahead Of The Important EU Summit On Dec 14-15 – Nomura
The pound is not going anywhere fast amid OK economic data and Brexit worries. What’s next for the pound? The team at Nomura looks at the upcoming EU summit and the outlook for the pound also against the yen and the Swiss franc. Here is their view, courtesy of eFXnews: Nomura FX Strategy Research discusses GBP outlook […]
