Las Vegas Sands Gains On Q2 Earnings And Revenue Beat
Las Vegas Sands Corp. (LVS – Free Report) released its second quarter fiscal 2017 financial results, posting earnings of $0.73 per share and revenues of $3.14 billion. Currently, LVS is a Zacks Rank #2 (Buy) and is up 1.38% to $62.50 per share in trading shortly after its earnings report was released. Las Vegas Sands: Beat earnings estimates. […]
Transportation: So Kiss Me And Smile For Me
“Cause I’m leavin’ on a jet plane Don’t know when I’ll be back again Oh babe, I hate to go” John Denver Today at 5 PM EST on Mish’s Market Minute Daily Facebook page live, I introduced Trans Transportation. The Latin origin of Trans means “across,” “beyond,” “through,” “changing thoroughly,” “transverse.” Thus, in the cartoon, Transportation […]
Ford Drops After Quarterly Beat Attributed To Tax Credits
Shares of car giant Ford (F) are sharply lower despite an earnings beat announced earlier. EARNINGS ASTERISK: Before the market open on Wednesday, Ford reported second quarter adjusted earnings per share of 56c on revenue of $39.9B. Analysts’ estimates for the quarter were 43c for EPS on revenue of $37.1B. The big asterisk for Q2 […]
Steen Jakobsen On The Next 30 Years: “Everything Is Deflationary”
Steen Jakobsen, Saxo Bank chief economist and CIO just pinged me with a PowerPoint presentation on the preceding and next 30 years. He commented “I somehow to my own surprise came to one single trend I believe in: everything is deflationary. Enjoy the “funny pictures” and the outlook.” 30 Years Ago Current and Foreward Trends […]
Finding A Stock To Buy In Today’s Market
Stocks end the day flat as the FOMC announcement came and went with no surprises. In this market update video we look in-depth at which big name stocks are taking a beaten and now offering a healthy dividend. Investing doesn’t have to be sexy. Watch this video to find out which stocks to buy and […]
Whole Foods Posts Record Revenues, Comps Down 1.9%
Whole Foods Market (WFM – Free Report) released its fiscal third-quarter financial results, and the company was quick to show off its record-high revenues of $3.7 billion. Nevertheless, the grocery chain faced familiar problems, as comparable-store sales and earnings slipped again. Total revenues were up 0.6% year-over-year, while comps slipped about 1.9%. Adjusted earnings came in at […]
A Dovish Fed Day In Charts
So “dovish” it was, or at least “dovish” was the market’s read on the Fed statement. The language on the outlook for inflation was timid and “relatively soon” on the balance sheet gives them an out if they end up needing it. “The post-meeting statement noted that the Committee expects to begin balance sheet normalization ‘relatively […]
Market Talk – Wednesday, July 26
Asia closed broadly positive following yet more European and US stock records. Given stock, strength has reversed the yen’s gains and in late trading see the currency back above the 112 level. The Nikkei added an additional 0.5% with automakers benefiting as European rivals suffer from detrimental events but also as better than expected results […]
Beyond Bitcoin: Why Cryptocurrency “Tokens” Are The Future
On June 4th 2012, one Bitcoin was worth $5.49. On June 6th 2017, the price of Bitcoin closed at $2,851…good for a 51,000%+ gain in five years. This truly incredible surge has minted thousands of new millionaires. It has also birthed a booming cryptocurrency industry. After seeing early Bitcoin investors get rich, some of the world’s most talented entrepreneurs […]
Surging Corporate Profits? Not For The Rest Of This Economic Cycle
Are corporate earnings genuinely wonderful? It may depend on your perspective. For example, after-tax corporate profits have grown at an annualized pace of less than 1% over the last 5 years. You won’t find many 5-year periods that have been as anemic as that. In the same vein, earnings per share (EPS) growth has been […]
