Microsoft Riding High On The Cloud
According to an enterprise software survey conducted by Credit Suisse about cloud platforms, nearly 40% of those surveyed expressed Microsoft Azure as their preferred choice. That number has grown 21% over the last six months. Another survey by data analytics firm Sumo Logic also came up with a similar result. Clearly Microsoft’s (Nasdaq: MSFT) Azure focus is […]
Procter & Gamble 4Q 2017, And Mastercard 2Q 17 Earnings Reported
Procter & Gamble (PG) 4Q 2017 earnings and Mastercard (MA) 2Q 17 earnings were released before opening bell this morning. Procter & Gamble reported adjusted earnings of 85 cents per share on $16.1 billion in revenue, compared to the consensus estimates of 78 cents per share and $16.08 in revenue. In last year’s fourth fiscal […]
Headline Durable Goods Orders Surge In June
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in June increased $14.9 billion or 6.5 percent to $245.6 billion, the U.S. Census Bureau announced today. This increase, […]
Gold Cycle Outlook: Cautiously Bullish
I am cautiously bullish with yesterday’s new high in Gold and GDX on day 13. Silver also made a new high on day 12 but is still lagging Gold out of the recent low. Note that I have used GLD and SLV in my charts today as the price prints for Gold and Silver on […]
Will Crude Oil Extend Gains?
On Tuesday, crude oil extended gains and hit a fresh July high, but will we see a further rally in the coming days? Crude Oil’s Technical Picture Let’s take a closer look at the charts and find out (charts courtesy of http://stockcharts.com). Looking at the weekly chart, we see that crude oil extended gains and approached the […]
Core Durable Goods Orders Disappoint But Aircraft Orders Surge 131%
A huge upside surprise for durable goods orders (+6.5% MoM vs +3.9% MoM)… This was the biggest surge in DurGoods since July 2014’s record Boeing order also screwed with the data… Dominated by a 19% spike in transportation (with non-defense aircraft orders up 131.2% MoM) Up from $11bn to $25.3bn… New orders for manufactured durable goods in June […]
Facebook Price Target Raised To $210 From $182 At JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Facebook (FB) shares to $210 saying the company last night reported another strong quarter. The stock in premarket trading is up 4% to $172.60. Facebook continues to show a “rare and impressive” combination of scale, growth, and profitability, Anmuth tells investors in a post-earnings research note. […]
Deutsche Bank, Bayer Undercut DAX, Even As Germans Most ‘Euphoric’ Since Reunification
It’s been a rocky five-session stretch for German equities. Last Friday, German stocks had a particularly rough go of it after reports of possible automaker collusion conspired with (get it?) jitters about Berlin’s increasingly fraught relationship with Ankara and a stronger euro to weigh on risk sentiment. Fast forward to this week and after a […]
Comcast Corporation 2Q 17, Verizon Communications Inc. 2Q 17 Earnings
Comcast 2Q 17 earnings and Verizon 2Q 17 earnings were released before opening bell this morning. Comcast reported adjusted earnings of 52 cents per share on $21.16 billion in revenue, compared to the consensus estimates of 49 cents per share and $20.87 billion in revenue. In last year’s second quarter, the cable TV and Internet […]
Shell Versus Shale
Who says that the U.S. oil supply picture in not getting in balance? Oil supply in the US fell by 7.2 million barrels down over 50 million barrels since the end of March. It would have been over 60 million barrels if it were not for the reclassification of oil released from the Strategic Petroleum […]
