‘Tis The Season To Be Bullish
We are just a week away from Thanksgiving and then the holiday season really kicks into high gear. While many headlines warn of overvaluation and Grinch predictions of market pullbacks, we remain bullish. Since last summer, we have been beating the drum on strong global earnings driving stock markets higher and higher. Nothing has stopped the above trend profit growth […]
Wells Fargo Announces Dismissal Of Head Of Consumer Lending Franklin Codel
Wells Fargo & Company announced that Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed from the company, effective immediately. The company said the dismissal was the result of Codel’s acting in a manner that was contrary to the company’s policies and expectations of its senior leaders […]
Gap (GPS) Stock Up On Q3 Earnings & Sales Beat, Raises View
Shares of Gap Inc. GPS were up 7.7% Thursday in after-hours trading as the company raised its fiscal 2017 outlook following the better-than-expected third-quarter results. This was the company’s third straight quarter of positive earnings surprise while it recorded sixth consecutive sales beat. Also, comparable store sales (comps) reflected strength for the fourth quarter owing to continued momentum […]
Morning Call For Friday, Nov. 17
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down 0.06% on concern Special Counsel Mueller’s criminal investigation between Trump campaign officials and Russia is deepening. Two people familiar with the matter said officials with Trumps’ election campaign were served subpoenas in mid-October for documents related to any contacts they had with […]
New Residential Building Permits: Up Again In October
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential building permits. The latest reading of 1.297M was an increase from 1.225M in September and above the Investing.com forecast of 1.247M. Here is the opening of this morning’s monthly report: Building Permits Privately-owned housing units authorized […]
USD/JPY And AUD/USD Forecast – Friday, Nov. 17
USD/JPY The US dollar rallied significantly during the trading session on Thursday, breaking above the 113 handle. By doing so, looks as if the market is trying to rally a bit, perhaps breaking higher than the range for the day could send this market to the 114.50 level above, which is the beginning of resistance. […]
Crude Oil: Continue With The Cuts
Khalid A. Al-Falih, the Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco all but guaranteed an extension of oil production cuts to be officially announced at the end of the month despite the protestations by some Russian oil companies. Russian oil companies are desperate to raise production to […]
Slowing Canada Consumer Price Index (CPI) To Curb USD/CAD Weakness
Canada’s Consumer Price Index (CPI) is anticipated to slow down for the first time since June, and signs of easing price pressures may generate a near-term rebound in USD/CAD as it encourages the Bank of Canada (BoC) to carry a wait-and-see approach into 2018. Keep in mind, the BoC appears to be on course to further normalize […]
Apple Could Be A Trillion Dollar Company By 2018
Apple could be the first company in U.S. history to reach a trillion dollars in market capitalization by as early as 2018. According to top analysts such as Daniel Ives of GBH Insights, AAPL shares “could trade between $210 and $230 over the next year.” Currently AAPL is trading at $171 per share with a market cap […]
Is New Fed Chief A “Swamp Critter Extraordinaire”?
Is the New Fed Chief Jeremy Powell a “Swamp Critter Extraordinaire”? Trump surrounding himself with elites disconnected from everyday society Realities of America’s difficulties not recognised by US power makers Powell will likely continue to protect Wall Street over Main Street Savers should diversify to protect themselves from Fed’s ponzi policies Just like many of his other campaign promises, Trump […]
