Market Talk- April 27, 2017
Two central banks were in play today, but neither moved on rates which was very much expected by the markets. The BOJ did however raise its economic forecast although that did not help support the Nikkei which closed small down at 19,250. The psychological barrier remains the 20k level but as it’s the end of […]
The $4.5 Trillion Gift
Let me tell you a little story. It starts in November 2008 when the Federal Reserve launched an $800 billion bond-buying program to lower lending costs for borrowers as well as home buyers. The program was called “quantitative easing” (QE), which sounds like gentle and vague academic talk. This was on the heels of the […]
Microsoft Corporation, Intel Corporation Shares Fall On Earnings Reports
Microsoft and Intel released their latest earning reports after closing bell tonight. Microsoft reported adjusted earnings of 73 cents per share on $22.1 billion in GAAP revenue and $23.5 billion in non-GAAP revenue, compared to the analyst estimates of 70 cents per share on $23.7 billion in revenue. In the same quarter a year ago, […]
Stock Exchange: How To Use Backtests Effectively
Everyone interested in managing their own money ought to keep an old idiom in mind: if it seems too good to be true, it probably is. Unfortunately, greed is a powerful motivator. It’s tempting to see a new model with an incredible backtest and think this could be the answer. Experienced investors know that there’s […]
Durable Goods Grow Indicating Lack Of Growth
Total new orders for durable goods, including orders for new transportation equipment, were estimated to have been $238.7 billion in March 2017 on a seasonally-adjusted basis. That is 9% better than the most recent low point figured for June last year. It remains substantially less than the record high reached in July 2014, though an […]
The Short-Term Trend
The market has stalled a bit after the big break out. This is starting to look like a rally up to the top of the range. Then again, we are in the middle of earnings and there is tons of news everyday. This doesn’t look right, but maybe it will resolve itself soon. […]
Airlines Fall As American Pay Raises Seen As ‘Worrying Precedent’
U.S. airline majors have been pressured Thursday after a series of headlines from the sector, including quarterly reports from both American Airlines (AAL) and Southwest (LUV), indications of a potential “wage race” and signals of a coming end to the industry overbooking practices that have recently created a public relations nightmare for United Airlines (UAL). […]
Lower US & Chinese Plantings Could Tighten 2017/18 Stocks
Market Analysis The market’s focus is currently on this spring’s US planting season, which has gotten off to a sluggish start because of recent rains across the central US and some bouts of cold temperatures leaving soil conditions less than ideal. This situation remains important, but previously indicated reduced planting intentions may have already turned […]
Daily Trading Opportunities – Friday, April 28
During the session on Friday, we get several announcements that could move the marketplace, including CPI numbers coming from mainland Europe, GDP numbers coming out of the United Kingdom, and German Retail Sales as well. In other words, we should get plenty of volatility. Gold Gold markets chopped around during the Thursday session, as the […]
Alphabet Inc Shares Surge On Earnings, Revenue Beats
Alphabet (GOOGL) released its latest earnings report after closing bell tonight, posting earnings of $7.73 per share on $24.7 billion in revenue. Analysts had been expecting GAAP earnings of $7.38 per share and $19.8 billion in revenue. In last year’s first quarter, the Google parent reported $20.3 billion in revenue and $6.02 per share in […]
