In One Sense, This Company’s Huge Success Makes No Sense
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. In one sense, this makes NO sense: Aveda Transport and Energy Services (AVE-TSX)(PHNHF) hit record revenue (US$52 million) and record positive cash flow (just over $5 million) this last quarter, Q2 17. I […]
Why Oil Prices Can’t Bounce Very High; Expect Deflation Instead
Economists have given us a model of how prices and quantities of goods are supposed to interact. Unfortunately, this model is woefully inadequate. It sort of works, until it doesn’t. If there is too little a product, higher prices and substitution are supposed to fix the problem. If there is too much, prices are supposed […]
Global Equity Fundamentals And The “Mini-Recession”
In this video, we look at the key trends in global equity fundamentals. The video walks through a couple of slides of a recent edition of the Weekly Macro Themes report. In the video, we look at a couple of charts which track the broader trends in profit margins across the more than 40 countries that […]
Gold Has Risen In 14 Of The Past 17 Years, Far Surpassing Returns From Stocks
Here’s a recent quote from Fred Hickey of The High-Tech Strategist: “Including this year [as of 2 September], gold has risen in 14 of the past 17 years at a 9.4% compound annual rate, far surpassing returns from stocks. That’s why I still contend we’re in a long, secular bull market (driven by the central bank […]
July 2017 Trade Balance Insignificantly Worsened
Trade data headlines show the trade balance insignificantly worsened from last month. Analyst Opinion of Trade Data The data in this series wobbles and the 3 month rolling averages are the best way to look at this series. The 3 month averages are improving. There really was only insignificant change from last monty. This report […]
Hibbett Sports
Hibbett Sports (HIBB ) sells footwear, sports equipment, and apparel, among other things. The entire industry has gotten crushed lately – there is blood in the streets. HIBB is down almost 70% in the last year alone. Competitors like Dicks and Foot Locker are also getting crushed. The main narrative in the media is that […]
6th North Korean Nuclear Test And Gold
On Sunday, North Korea conducted another nuclear test. What does it imply for the gold market? The crisis over the Korean Peninsula tightened again after a short period of calm. On August 15, Kim Jong-un said he was delaying a decision on firing missiles towards Guam to see what Trump does next, which helped to […]
Bank Of Canada Hikes Rates, Loonie Surges To Fresh Two-Year High
Ok, heads up, the BoC just hiked. This wasn’t entirely unexpected given the hot economic data that’s been coming in fast and furious over the past couple of months, but it is extremely notable coming after the July hike. Here’s the reaction in the loonie which surged to a fresh two-year high: This time around, […]
Workday Makes Two Key Moves To Compete Against Salesforce
According to a market research report by MarketsandMarkets published earlier this year, the global Human Capital Management (HCM) market size is expected to grow 9.2% annually over the next five-year period. The industry is expected to grow from $14.50 billion in 2017 to $22.51 billion by 2022. Workday’s Financials Recently, SaaS-based HCM services provider Workday (NYSE: […]
Fed Vice Chair Stan Fischer Unexpectedly Resigns “For Personal Reasons”
In a shocking announcement, the latest rat to abandon the sinking ship – because it is far less fun to navigate the world’s biggest economy when you are raising rates than when injecting trillions – Federal Reserve Vice Chairman Stanley Fischer has announced his decision to step down effective October 13 (Friday), citing “personal reasons” in letter […]
