Sherwin-Williams Co. Ups Outlook As Q1 Earnings Beat Estimates
Written by StockNews.com Sherwin-Williams Co. (NYSE: SHW) early Thursday posted better than expected first-quarter earnings results and boosted its full-year guidance, as sales at its namesake stores continue to rise. The Cleveland-based paint and coatings maker reported: adjusted Q1 earnings per share (EPS) of $2.27, which was $0.19 better than the Wall Street consensus estimate of […]
Cable, Crude And Gold: Price Action Setups
Cable Rally Testing One of the more noteworthy events thus far on the week was the surprise announcement from British PM, Theresa May, of early general elections. The move has largely been applauded by analysts as a cogent political move ahead of what’s expected to be a terse negotiation around Brexit; but for traders and […]
State Of Dollar Bull Market
The Federal Reserve’s real broad trade-weighted dollar fell for the first three months of 2017, and the greenback’s heavy tone this month has raised questions about the state of the bull market. Despite this recent weakness, we think the bull market is intact and that the advance will resume. In the February through April […]
Goldman Presents A Perfect Storm For S&P 500 Valuations
Anyone remember the chart in the right pane below? (Goldman) You’ll note there’s something particularly unnerving (well, if you’re long it’s unnerving, if you’re on the sidelines it’s pretty funny) there. Specifically, note the part of the table that says “current bull market split between two phases.” See where Goldman breaks down the percent of […]
Venezuela Seizes General Motors Car Plant
While the US has a habit of invading or attacking sovereign nations any time the president’s approval rating dips below a certain threshold, Venezuela has a similar, if less dramatic mechanism to provide a brief boost to Maduro’s popularity: it nationalizes foreign plants on its soil. It did so last July when the country was once […]
Travelers (TRV) Q1 Earnings Miss, Revenues Beat Estimates
New York based The Travelers Companies, Inc. (TRV – Free Report) is one of the leading writer of auto and homeowners’ insurance through independent agents as well as writer of commercial U.S. property-casualty insurance. Travelers’ impressive inorganic growth story bodes well for long-term growth. While its prudent acquisitions help to expand in the attractive and growing market place […]
Silver Prices Slide Lower- Support Targets View
Silver Daily Technical Outlook: Silver prices have continued to trade within the confines of an impressive, well-defined ascending pitchfork formation extending off the November / December lows. The precious metal failed to hold above key resistance this week on building bearish divergence at 18.33/37 – a region defined by the 50% retracement of the July decline & the […]
How To Outperform – It Starts With…
With the stock market waiting on both earnings and the economy to improve in order to justify current valuation levels, it would appear that traders are basically trying to decide which way to go from here. (IMO, a meaningful break below 2320 would embolden the bears while a move above 2400 would reinvigorate the bulls.) […]
The World’s Most Expensive Drug ($1,210,000/dose) From UniQure B.V. Will Soon Become Extinct
Written by John Carroll UniQure B.V. (QURE) announced this morning that it has decided not to seek the re-authorization authority that would have been required to keep this drug on the market past October. After bypassing the FDA as a lost cause and seeing only one reported use of the gene therapy in Europe, which provided a […]
Select Comfort Corporation Shares Pop On Excellent Q1 Results
Select Comfort Corporation (SCSS), a company that designs, manufactures, markets, retails sleep number beds yesterday reported their first quarter 2017 financial results. Select Comfort reported first-quarter earnings of $0.56 per share which beat analyst expectations of $0.46 per share. Select Comfort reported first quarter revenues of $393.9 million which beat analyst expectations of $370.2 million. […]
