USD/JPY – 113.00 Is Key Support
USD/JPY has been under pressure for the past several weeks, having failed to take out the 115.00 figure on multiple occasions. Furthermore, the pair is failing at its key correlation with 10-year bonds not rallying when yields go up and falling when they decline. That’s a warning light for dollar bulls as a breakdown […]
Advanced Auto Parts Shares Rally Following Q3 Profit Beat
Advanced Auto Parts (NYSE: AAP) On Tuesday before the market opened, Advanced Auto Parts announced third quarter earnings that topped analyst estimates and sent shares rallying in the premarket. They reported earnings per share of $1.43 on $2.18 billion in revenues while analyst were looking for $1.21 earnings per share on $2.21 billion in revenues. […]
Auto Parts Retailers
Well, I retract my “God is Dead” statement from yesterday’s post, because there’s no doubt God reads the Slope of Hope (he doesn’t have an account for comments, but if he did, I promise I’d give him a 5-star account). He decided to throw a lightning bolt at BWLD, and ouch, that hurt. So let’s […]
Investment Marketing Wrappers And The Rot Within
Exchange Traded Funds (ETFs), mutual funds or indices are only a marketing wrapper or package around a group of individual securities. Reassuring names aside, their investment prospects can only be as good as the individual constituents within– defined by their market price versus earnings, sales, assets, cash flow and future prospects–and the macrocycles at hand. […]
Loxo Drops After Announcing Cancer Drug Co-Development Deal With Bayer
Shares of Loxo Oncology (LOXO) jumped in pre-market trading before reversing and heading lower after the company announced a partnership with Bayer (BAYRY) to develop and commercialize its two lead drugs. PARTNERSHIP AGREEMENT: Under the terms of the agreement, Loxo will receive an upfront payment of $400M from Bayer in exchange for global development and […]
Of Double-Downgrades, Booming GDP And Stocks That Are Priced To Perfection
European shares were looking for some respite on Tuesday after a five-day selloff and it looked like they might find it after German GDP data came in hot. The German economy expanded 0.8% q/q in Q3, easily beating consensus (0.6%) and matching the highest estimate of the 48 economists polled by Bloomberg. There was the usual […]
4 Million Ounces Of Gold Traded In 15 Minutes
On Friday, there was a flash crash in the gold market. What happened and what does it mean? Friday was a very interesting day for the gold market, as the price of gold plunged almost $10 after 4 million ounces of the yellow metal were sold in 15 minutes, as one can see in the […]
I Don’t Feel Inflation. Is It Hurting My Savings?
Inflation doesn’t hit like the sting of a credit card bill from an overzealous shopping trip. Rather, its bite is slow and painful. Because the price level of goods and services tends to rise gradually, inflation’s slow incursion on your pocketbook is commonly described as ‘creeping up’ on you. GOOD VERSUS BAD INFLATION Inflation is […]
Early Warnings Of A Stock Slip
Sometimes, avalanches begin with the dislodgement of a single pebble. Equity investors are now wondering if the underpinnings of the bull market are loosening. While stock indices still seem to be reaching for new heights, once-niggling cracks are starting to widen on its footholds. Take high yield bonds proxied by the ProShares Short High Yield ETF […]
Pension Actuaries: The Joke Is On Us
…An Actuary is someone who wanted to be an accountant but didn’t have the personality for it….An introverted actuary stares at his own feet, and extroverted one stares at the other person’s feet….What is the difference between God and an actuary? God doesn’t think he is an actuary….”Look at the white horses over there.” Actuary: […]
