Colgate Dips Despite In-Line Q2 Earnings, Sales Lag
Colgate-Palmolive Co. (CL – Free Report) posted adjusted earnings of 72 cents a share, in line with the Zacks Consensus Estimate and up 3% from 70 cents earned in the prior-year quarter. Visualization by Graphiq Including one-time items, earnings came in at 59 cents a share compared with 67 cents reported in the year-ago period. Despite earnings beat, […]
Money Supply Growth Falls Again, Dropping To 105-Month Low
Growth in the supply of US dollars fell again in May, this time to a 105-month low of 5.4 percent. The last time the money supply grew at a smaller rate was during September 2008 — at a rate of 5.2 percent. The money-supply metric used here — an “Austrian money supply” measure — is the metric […]
WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs
Despite the ‘bullish’ inventory data (and demand), WTI Crude just sank towards a $45 handle – red on the week – as tanker-tracking firm Petro-Logistics signals OPEC crude supply rising again this month will be the highest this year (along with US shale output at record highs). As Bloomberg notes, supply from OPEC members is set to exceed 33 […]
Gold Hedges Against Currency Devaluation And Cost Of Fuel, Food, Beer And Housing
– Gold hedge against currency devaluation – cost of fuel, food, housing – True inflation figures reflect impact on household spending – Household items climbed by average 964% – Pint of beer sees biggest increase in basket of goods – rise of 2464% – Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375% […]
New Stocks On Exec Comp & ROIC Model Portfolio: July 2017
Photo Credit: Keith Cooper (Flickr) One new stock makes July’s Exec Comp Aligned With ROIC Model Portfolio, which was made available to members on 7/13/17. Recap from June’s Picks Our Exec Comp Aligned With ROIC Model Portfolio (-3.1%) underperformed the S&P 500 (-0.3%) last month. The best performing stock in the portfolio was Insteel Industries (IIIN), […]
EC Amazon And Kenmore: A Mismatch Made In Desperation
For years I have wondered why Sears (SHLD) chose not to sell Craftsman tools on Amazon’s (AMZN) web site. It just seemed like an obvious move to monetize a brand name they owned, given that their own stores are slowly disappearing due to customer disinterest. Earlier this year Sears sold the brand to Stanley Black […]
Irrational Optimism
In the months following the election, we saw optimism surge higher in a number of prominent indicators… Homebuilder sentiment hit an 11-year high. Small Business optimism hit a 12-year high. Consumer confidence hit a 13-year high. Philadelphia Fed Manufacturing survey hit a 33-year high. The thinking was as follows: a new era of higher economic […]
DXY Elliott Wave View: Resuming Downside
Revised short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a double three Elliott wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave W, and bounce to 96.51 high ended Minor wave X. Wave Y is unfolding as another double three Elliott wave structure of a smaller degree where […]
USD/CHF Elliott Wave Forecast: Bearish Impulse Wave
Elliott Wave Forecast USD/CHF Short Term Bearish trend is present in USD/CHF currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of USD/CHF currency pair is falling down on a short-term basis to create a Bearish Impulse Elliott wave pattern […]
Gold Rises On Strong Euro
Yesterday, gold hit a three-week high. What does it mean for the precious metals market? The ECB kept its monetary policy unchanged yesterday. And Draghi said that the ECB had made no plans regarding tightening its monetary policy stance. Although he did not give any hints about the bank’s next move, the euro soared, as one can […]
