Bayer (BAYRY) Q2 Earnings Beat, Sales Miss, Cuts Guidance
Bayer AG’s (BAYRY – Free Report) second-quarter 2017 core earnings per share from continuing operations was $1.99, which topped the Zacks Consensus Estimate of $1.87. Earnings were down 12.7% year over year from $2.28 per share. Total sales in the quarter were approximately $13.4 billion, up 3% year over year but missed the Zacks Consensus Estimate of […]
E Is Now The Time To Invest In Frontier Markets?
The Volatility S&P 500 Index (VIX) dropped to the lowest level in history to trade at just under $9.50 this month. Low volatility is viewed as a positive sign when it comes to long-term investing as this simply implies low investment risk. As such, investors find it more secure to take long-term positions thereby increasing […]
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 […]
