Dow Jones Industrials: Fast Approaching Major Resistance Of 27,500
The Dow Jones Industrial Average (DJI) has been continuing its almost vertical climb since the 2016 presidential election. It successfully broke through the 25,000 resistance level mentioned in our Weekly Report Volume 6 from January 7, 2018. At 26,200, the Dow is roughly halfway to its long-term geometric target price of 27,500. Here is an updated chart: […]
Vendanta Limited Transforms Elements
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 my Safari portfolio seeks a company in the basic […]
Abbott (ABT) Beats Earnings And Revenue Estimates In Q4
Abbott (ABT – Free Report) is an Illinois-based company focused on bringing a diverse line of healthcare products to the market. Abbott reports its diversified business in four segments – namely Established Pharmaceuticals Division (EPD), Medical Devices, Diagnostics and Nutrition. The company has reshaped its portfolio through strategic acquisitions/divestitures in recent times. It has also been taking strategic […]
E Although Positive For Financial Markets, The Massive U.S. Tax Cut Will Generate Large Budget Deficits
“Considering that tax cuts are tilted towards corporations and wealthy individuals, both of which have low fiscal multipliers, we’re expecting the associated economic boost to be restrained to less than half a percentage point… While the tax cut package is likely to have only a small impact on economic growth it is set to structurally […]
Bitcoin Market Crashing: Is This The End Of Bitcoin Or A Pause Before The Next Bull Run?
For greed all nature is too little. – Seneca Whenever the masses fully embrace a market, trouble is usually close at hand, and that’s what occurred with bitcoin; the masses were completely enamoured with Bitcoin. The masses were euphoric and were expecting bitcoin to soar to the next galaxy. Wild targets of $100,000 were being issued […]
Caterpillar Dealer Sales Soar Most In 6 Years
If Caterpillar’s dealer sales statistics, traditionally released just one day before the company’s earnings report, are an indication of what to expect from the heavy industrial equipment maker, then CAT’s Q4 results will be a blowout. As shown in the following chart, growth in world retail sales jumped from 26% to 34% in December, the highest […]
Texas Instruments Shares Get Trounced On Q4 Earnings
Texas Instruments (TXN), the multinational American, U.S.-based company that produces semiconductors and various integrated circuits along with analog chips and embedded processors, announced their fiscal quarterly earnings after the market closed on January 23rd, 2017. Unfortunately the reaction was not pretty as soon as the news was released. Shares sold off hard on volume. The […]
Comcast Corporation Earnings Beat Estimates, But Stock Falls
Comcast Corporation (Nasdaq: CMCSA) released its Q4 earnings report before opening bell this morning. Comcast earnings came in at 49 cents per share on an adjusted basis, while revenue amounted to $21.9 billion for Q4. Analysts had been expecting non-GAAP earnings of 47 cents per share on $21.8 billion in revenue. In the same quarter […]
Morning Call For Wednesday, Jan 24
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.20%) this morning are up +0.13% at a new record nearest-futures high after U.S. Treasury Secretary Mnuchin endorsed a plunge in the dollar index to a 3-year low when he said the dollar’s decline provides a boost to the U.S. economy through trade. European stocks are down […]
ECB Meeting – Euro Strength Likely To Dominate The Meeting
ECB Meeting – Euro Strength Likely to Dominate the meeting. Today, the Monetary Policy Committee (MPC) will meet in Frankfurt to deliberate on the status of the economy. Tomorrow, at 12:45 PM, (GMT), they will announce their decision on base interest rates and the deposit facility rate. Two hour later, Mario Draghi will hold a […]
