Four Stocks To Keep An Eye On Before A Big Earnings Day Tomorrow
Photo Credit: Dave Center Domino’s Pizza Inc. (DPZ) Releasing 7/25/17 BMO The Estimize consensus calls for EPS of $1.25, three cents higher than the Wall Street consensus. Currently, the Estimize community is looking for revenues of $616.35M, just slightly higher than the Street’s expectation for $609.58M. Domino’s is showing some impressive numbers this quarter, with a P/E […]
Global Flash Manufacturing PMI Ticks Up In July
The July round of flash manufacturing PMIs showed a slight but important rebound in the “global flash manufacturing PMI” (an indicator we put together based on the Markit readings). Our data show the global flash reading up +0.4pts to 54.3 – which is the highest reading since February this year, thus while the move is […]
Incumbents Shouldn’t Bet On Rulemaking To Win The Sharing Economy Wars
Mayor de Blasio and Uber may have reached a truce, but the battle between the sharing economy complex and the groups threatened by it will continue. City councils, presidential candidates, corporations and labor unions will continue to paint the so-called “gig economy” as a threat to society that can only be addressed through caps, taxes […]
Existing Home Sales In June Dive 1.8 Percent: Same Old Problem? Second And Third Quarter Impact?
The wind down to the end of the second quarter is not going very well. Existing home sales in June fell 1.8% to a seasonally adjusted annualized rate of 5.52 million. The Econoday consensus estimate was 5.58 million. The slip in pending home sales was no false signal as existing home sales fell 1.8 percent in June […]
Goldman Sachs Gets Second Downgrade After Earnings
Shares of Goldman Sachs (GS) are sliding after UBS analyst Brennan Hawken downgraded the stock to Neutral as he has “limited confidence” in a revenue recovery. Last week, his peer at Keefe Bruyette also cut the stock’s rating to Market Perform, citing his view of its weakening revenue outlook following the investment bank’s second quarter […]
Great Graphic: Surprise – S&P 500 Outperforming The Dow Jones Stoxx 600
Many asset managers have been bullish European shares this year. European and emerging market equities are among the favorite plays this year. Surveys of fund managers find that the allocation to US equities is among the lowest in nearly a decade. The case against the US is based on overvaluation and being a crowded trade. Many are […]
The ECB’s Impact On The Bond Market In One Chart
Earlier today, the ECB updated the list of corporate bonds it bought in the latest week. While no individual bond purchase amounts were given, the ECB has bought into 980 issuances with a total of €683bn in amount outstanding (from 245 issuing entities). For the week ending 21st Jul, bond purchases stood at €0.7bn across […]
Economic Prospects Yielding To Reality
Post-election zeal is flagging. We’re now six months into the new administration and seeing enthusiasm for the Trumpian utopia of slashed taxes and steroidal GDP growth seemingly waning. That’s if yield spreads are any guide. It’s the premium of the ten-year T-note yield over the S&P 500 dividend payout, in particular, that’s sending signals. […]
Treasury ETFs Rally On Falling Inflation Expectation
The stock market is enjoying all-time highs no doubt, but the simultaneous rally in the fixed income market is also worth noting. This phenomenon is not common as both the stock and fixed income markets are inversely correlated to each other. This is because risk-on trade sent the stocks higher while risk-off pushed bonds higher. […]
Q2 Expected To Have 2.25% Annualized GDP Growth
Q2 Optimism Along With Weak Philly Fed The two Q2 GDP forecasts from the Fed increased slightly even though one of the most important economic reports of the week showed a sequential decline. This was because it was a July report which is outside the second quarter. We’ll go over the changes in the forecasts […]
