Five Decades Of Middle-Class Wages: June 2017 Update
We’ve updated this series to include Friday’s release of the Consumer Price Index as the deflator and the June monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,121, down 12.5% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government […]
Stocks To Keep An Eye On
(Photo Credit: 401(K) 2012) Philip Morris International (PM): Consumer Staples – Tobacco | Reports July 20, BMO. The Estimize consensus calls for EPS of $1.22, one cent lower than the Wall Street consensus and an increase of 6% YoY. Currently, the Estimize community is looking for sales of $6.99B, also lower than Wall Street 7.06B. The […]
OpGen Announces Closing Of $10 Million Public Offering
GAITHERSBURG, Md., July 19, 2017 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq:OPGN) announces the closing of its previously announced public offering of 18,164,195 units at $0.40 per unit, and 6,835,805 pre-funded units at $0.39 per pre-funded unit, raising gross proceeds of approximately $10 million. The Company intends to use the net proceeds of this offering for […]
E Should Canadians Be Worried About The Recent Hike In The Bank Rate?
When the Bank of Canada announced its rate hike on July 12th, many analysts started to ring alarm bells about its impact on the highly indebted Canadian consumer. Articles appeared showing the impact on mortgage and other consumer carrying costs, raising the spectre of a major correction in housing prices. While the policy rate increase […]
Exponent, Inc. Shares Climb Up On Impressive Q2 Earnings
Exponent, Inc. (EXPO), a global science and engineering consulting company yesterday reported their fiscal second quarter 2017 financial results. Exponent reported second quarter profits of $13.8 million. Exponent reported second quarter earnings of $0.51 per share. Exponent reported second quarter revenues of $87.8 million. Exponent, Inc. CEO’s Comments “Exponent’s second quarter results exceeded our prior outlook. […]
Gold Resource Corp Is Not A Primary Precious Metals Producer Anymore
Today Gold Resource Corp (NYSE: GORO) released its 2Q 2017 production results. The company produced the following amounts of metals: Gold: 5,696 ounces Silver: 397,670 ounces Copper: 294 tonnes Lead: 1,207 tonnes Zinc: 4,176 tonnes Now, assuming the following, average metal prices recorded in 2Q 2017: Gold: $1,258 per ounce Silver: $17.21 per ounce Copper: […]
USD/JPY Losses To Persist As U.S. Yields Remain Under Pressure
Ticker Last High Low Daily Change (pip) Daily Range (pip) USD/JPY 111.73 112.23 111.56 34 67 USD/JPY stands at risk for further losses as it extends the series of lower-highs carried over from the previous week, while U.S. Treasury yields remain under pressure and give back the rebound from June. With Fed Fund Futures still […]
Trade War Games
“We’re already in a trade war with China. The problem is we’ve not been fighting back.” – Peter Navarro “The battle for Helm’s Deep is over. The battle for Middle Earth is about to begin.” – Gandalf the White Image: Wikimedia Commons This letter should find you buckled in for the turbulence I described last week. If not, […]
‘Crash In Bond Markets’ Now No.1 Worry For Fund Managers
Listen, one thing you need to understand about BofAML is that they really like to conduct surveys. So does Citi. Unfortunately, when BofAML releases the results of their surveys, they don’t include fun recipes for “Grandma’s whiskey cornflake cookies” (big shoutout to Laura’s grandma) like Citi does. Whiskey cookies or no whiskey cookies, BofAML’s fund manager polls […]
E Tech Talk: More On Canada’s Oil Sands Story
In various earlier columns, I have discussed the significance of the head-and-shoulders pattern as a signal that a stock, commodity or what not is ready to reverse direction. The blue parabolas in this five-year chart of West Texas Intermediate oil prices suggest quite strongly that this commodity hit rock bottom 18 months ago. If this […]
