Credicorp’s Long Pattern
just a quick chart to start the day: Credicorp has a very long pattern, and its resistance line goes back for years. We’ve got close to it recently, and we’re starting to tumble away. i think this has a great risk/reward ratio. Here’s a longer-term view. I would also like to publicly acknowledge my humiliation at my […]
Macy’s Q3 2017 Performance Was “Iffy”: Management Remains Positive On Outlook
Macy’s (M) shareholders recently rejoiced over the retailer’s rather underwhelming results, which found Macy’s beating on the bottom line and narrowly missing on the top line. Macy’s beat the average analyst EPS estimate by $.04 a share, reporting $.23 per share in earnings. The company missed top-line results by roughly $30mm, which was a net […]
Record $25 Billion On Alibaba’s Singles’ Day And Most Was Mobile
For more than 90% of the past two millennia, China and India have dominated the global economy, generating over half of the total GDP in terms of real purchasing power. The incredible volume of sales generated by Alibaba (BABA) over the weekend illustrates the reemergence of that economic power. Asia’s return to its multi-millennial dominant role […]
Oil Prices Stall As Market Caught In The Cross-Fire
Oil Falls Despite Ongoing Middle East Tension Oil prices have fallen back over recent days despite the continued tension in the Middle East as rising rig counts and higher US shale output have created downward pressure. Rig counts rose 9% last week while, according to the latest EIA report, shale output is forecast to grow […]
The Economic Acceleration In Europe Underpins Global Growth
Since the EU had been a growth laggard due to the European sovereign debt crisis, the pickup in growth there is encouraging. In particular, Italy deserves mention as it has lagged and is where I believe the battle for the EU’s future will be won. Some thoughts below At the end of October, I said […]
European Banks Testing Support After Channel Breakdown
What banks do in the states can impact banks in Europe. The opposite is also true, what banks do in Europe, can send important messages to banks in the states. Below looks at European Bank ETF (EUFN): In our humble opinion, weakness of late in EUFN and banks in the states (XLF) have NOT broken the […]
Billion Dollar Unicorns: Forescout Finally Lists
According to a MarketsandMarkets report, the Cyber Security market is projected to grow from $137.85 billion in 2017 to $231.94 billion by 2022, translating to a CAGR of 11% over the next five years. Market growth is driven by the growing security needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and […]
EC HH Green Energy: Lost Cause Or Must-Have Investment?
You know I favor microcap technology investing. My rationale is simple (and irrefutable)… No other investment on Earth rewards investors greater for hitting the bull’s-eye. The problem is, the bull’s-eye always moves. Case in point: Roughly 10 years ago, the bull’s-eye was squarely fixed on alternative energy. With oil prices above $100 per barrel , the […]
Some Non-Hyperbolic Junk Talk
If you are looking for some breathless post about the recent collapse of the junk and high-yield market over the past couple of weeks, then click somewhere else. I know it makes for exciting writing, but I won’t do it. There is already more than enough hyperbolic rhetoric filling the financial airwaves. But the really […]
US PPI Beats With 0.4% – EUR/USD Slips From The Highs
US inflation is rising, at least at the producer level. PPI is up 0.4% m/m in both the headline and the core numbers. Year over year, PPI is up 2.8% and core PPI is up 2.4%. All the figures come up above expectations. The US dollar is slightly stronger in the immediate aftermath. EUR/USD is […]
