IT Security Peers Retreat After CyberArk Warning
The shares of the number of IT security stocks are declining after one of the names in the sector, CyberArk (CYBR), issued a negative pre-announcement last night. Analysts had mixed views on CyberArk following its results, as some downgraded the shares while other defended the stock. PRE-ANNOUNCEMENT: CyberArk lowered its revenue view for Q2 to […]
A Long-Term Look At Inflation – Friday, July 14
The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 1.63%. It is substantially below the 3.76% average since the end of the Second World War and also below its 10-year moving average, now at 1.75%. For a comparison of headline inflation with core inflation, which is based […]
Is The Market All-Knowing?
“The tape tells all” is a Wall Street bromide we’re all familiar with. It neatly summarizes the belief that the major averages discount everything pertaining to the business outlook. It’s also a basic tenet of Dow Theory. Writing a century ago, Richard Wyckoff was one of the very first market pundits to put this belief […]
Emerging Markets: What Has Changed – Friday, July 14
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Brazil (+8.5%), Qatar (+6.6%), and Egypt (+5.8%) have outperformed this week, while the Philippines (-0.2%), Malaysia (-0.1%), and Indonesia (flat) have underperformed.To put this in better context, MSCI EM rose 4.4% this week while MSCI DM rose 1.6%. In […]
Fool Risk Realized
Legendary football coach Bill Parcells once said, “you are what your record says you are.” It was a pearl of wisdom plucked from wherever Yogi Berra used to wander, made into a brutal truth delivered cunningly as a blatant tautology. We’ve all heard of how sports teams are “good on paper” or “better than their […]
May 2017 Headline Business Sales Decline
Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales improved whilst inventories were unchanged. This is in contrast to the headlines which showed sales declined. Analyst Opinion of Business Sales and Inventories This was a better month for business sales compared to last month – but inventories remain elevated. […]
Rig Count Rises To April 2015 Highs As Analysts Warn “Oil Market Rebalancing Hasn’t Even Started Yet”
After falling for the first time this year two weeks ago, Baker Hughes reports US oil rig count rose once again (up 2 to 765) for the 24th week in the last 25, to the highest since April 2015. “The so-called re-balancing is likely to happen later than earlier,” Michael Poulsen, an analyst at Global Risk Management Ltd, said on Friday. […]
Industrial Production Growing, Manufacturing Inching Along
The Fed G17 report shows Industrial Production is up 0.4% this month, but the manufacturing component weighted at about three-fourths of the total has been barely growing for some time. The Fed revised May from flat to +0.1 and April from +1.1 to +0.8. The Econoday consensus was for 0.3% growth. Mining is once again the highlight of an […]
ECRI Weekly Leading Index; WLI Growth Index Continues Decline In 2017
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 143.9, unchanged from the previous week. Year-over-year the four-week moving average of the indicator is now at 5.15%, down from 5.25% last week. The WLI Growth indicator is now at 2.4, also down from the previous week. “China Trade […]
Illinois Tool Works: A Dividend King With Double-Digit Total Return Potential
Illinois Tool Works (ITW) is one of the strongest, most diversified companies that a dividend growth investor can find in the industrial sector. While the stock only yields close to 2% today, the company has consistently raised its dividend at a double-digit pace for many years. In fact, Illinois Tool Works has been growing its annual […]
