Can Celgene Beat The BioTech Industry Once Again?
Photo Credit: HCC Public Information Office Celgene Corporation (CELG) Releasing 7/27/17 BMO The Estimize consensus calls for EPS of $1.79, two cents higher than the Wall Street consensus. Currently, the Estimize community is looking for revenues of $3.214B, slightly lower than the Street’s expectation for $3.225B. Will Celgene be delivering an earnings surprise this quarter? Let’s […]
Where To For Gold?
Regular readers know I’m a big fan of discrimination. As such, I choose my friends wisely. I chat regularly with a select group of friends and colleagues whose particular areas of expertise and intellect I value deeply. Sometimes we agree… and sometimes we don’t but always the thought process is extremely valuable. It is where we […]
Will Central Bank Liquidity Dry Up In 2019?
Central Banks About To Break The Market I think that many investors who are saying the Fed’s balance sheet unwind will be a nothingburger are tired of the story and they think it’s overkill. They are also myopic in their thinking. The chart below shows that even though we have been talking about an unwind […]
Gilead Sciences Beats The Street – Wednesday, July 26
(Video length 00:01:12) CNBC’s Meg Tirrell reports on the quarterly earnings report for Gilead.
PayPal Holdings, Inc. 2Q 2017 Earnings Beat Estimates
PayPal (PYPL) 2Q 2017 earnings were released after closing bell tonight. The company posted adjusted earnings of 46 cents per share on $3.14 billion in revenue, compared to the consensus estimates of 43 cents per share in adjusted earnings on $3.09 billion in revenue. In last year’s second quarter, PayPal reported non-GAAP earnings of 26 […]
Dollars (TIC) In May: Consistently Inconsistent
The TIC data for May was inconsistent. It has been that way for several months, and importantly describes what I think is the operative “dollar” condition. Though the data is several months old already, we can tell by certain real-time prices and indications that the difference between 2016 and 2017 is very clear in some […]
Facebook Tumbles Then Bounces As Algos React To “Fake” Earnings Estimate
Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, according to which the company had missed earnings of $1.38… FACEBOOK 2Q EPS $1.32, EST. $1.38 … […]
Redacted Version Of The July 2017 FOMC Statement
Photo Credit: Leo Newball, Jr. || I visited that building when I was 24. =========== June 2017 July 2017 Comments Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Information received since the Federal Open […]
Euro Is Headed For 1.18
The EUR/USD is headed for 1.18. The Federal Reserve did exactly what the market anticipated but unfortunately, that was not enough. The U.S. dollar sold off aggressively in the hour after the monetary policy announcement sending EUR/USD to a 2 year high. The FOMC statement did not disappoint – the Fed left interest rates unchanged, […]
Global Trade Back To Trend
The latest hard data on global trade continue to show a picture of global trade volumes returning to trend growth. We look at the CPB global trade monitor data and the RWI/ISL global shipping container throughput index. The latter series provides a slightly more timely view and the key data series from that is displayed below. It shows seasonally […]
