What The Buck Happened To The AUD, NZD, And USD Yesterday?
Experienced traders will remember a few years ago when markets were much simpler. For a period of time when the Fed was considering tapering its asset purchases, it seemed like every day was either a “risk on” day, where stocks, higher-yielding currencies and commodities rallied in sync, or a “risk off” day, where bonds, gold, […]
Wal-Mart Stock Extending Higher
Wal-Mart (NYSE: WMT) is the world’s largest company by revenue as well as the largest private employer in the world with 2.3 million employees. It’s an American multinational retailing corporation that operates as a chain of hypermarkets, discount department stores, and grocery stores. Despite being the biggest physical retailer in the world, Wal-Mart is still trailing […]
Xerox (XRX) Misses Q1 Earnings And Revenue Estimates
With operations in more than 180 countries, Xerox Corporation (XRX – Free Report) is a leader in the development, manufacture, marketing, servicing and financing of document equipment globally. Headquartered in Norwalk, CT, this century-old firm has helped organizations transform the way they manage their business processes and information. XRX has beaten earnings estimates once in the last four quarters, […]
EC Play The Game To Win
What Rick Barry and the Atlanta Falcons can teach us about risk management? “Something about the crowd transforms the way you think” – Malcolm Gladwell – Revisionist History With 4:45 remaining in Super Bowl LI, Matt Ryan, the Atlanta Falcons quarterback, threw a pass to Julio Jones who made an amazing catch. The play did […]
US Consumer Confidence Slides, New Home Sales Beat
US consumer confidence drops to 120.3, a bigger drop than had been expected but still a high score. New home sales jumped by 5.8% to 621K in March, much better than 583K projected. The figure for February was revised down from 592K to 587K. The US dollar is slightly stronger in the immediate aftermath, rising within the […]
E Canadian Banks Widen The Mortgage Market
Commercial banks in Canada have long dominated the mortgage market and they now are making their mortgages available directly to investors. The banks own the mortgage market, holding 75% of all residential mortgages and dwarfing the amounts held by competing institutions such as credit unions, trust companies and private lenders (Chart 1). Now, the banks […]
Nasdaq Rises Above 6,000 For The First Time Ever
Another day, another market record, this time in nice round numbers, as the Nasdaq hits new all time highs, rising above 6,000 for the first time ever … … driven by the familiar five tech giants Amazon, Apple, Facebook, Google, Microsoft, which together now account for over 10% of the total US market cap.
King Dollar; Attempting To Break 3-Year Rising Support
Below looks at a long-term chart of the US Dollar, that was shared on 12/30/16. This chart highlighted that King Dollar was facing two long term resistance lines, at the 104 zone. (See Post Here). Joe Friday was pointing out this was a rare test of resistance and could be the price zone, where a major top could […]
Eli Lilly And Co. Q1 Profit & Revenue Beat The Street
Eli Lilly and Co. (NYSE:LLY) early Tuesday posted better than expected first quarter earnings results and backed its full-year outlook, as its new product launches are going mostly as expected.
T. Rowe Price (TROW) Q1 Earnings Lag On High Costs
Have you been eager to see how T. Rowe Price Group, Inc. (TROW – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this MD-based popular asset management firm’s earnings release this morning: An Earnings Miss T. Rowe Price came out with adjusted earnings per share of $1.18, lagging […]
