Q1 Earnings Parade Continues: QCOM, CSX, AXP
Among a slew of new Q1 earnings reports after the bell today, we focus on a few of the biggest firms in their respective industries: Qualcomm (QCOM – Free Report) , American Express (AXP – Free Report) and CSX Corp. (CSX – Free Report) are among those who’ve hit the tape this afternoon with new earnings, sales and details. Qualcomm, which […]
E Where The Current Market Stands Now
Below is the QQQ chart that shows where the current technology market stands now. Transaction log that shows the current performance by following the above signals (cumulative profit is highlighted). As you can see, the last BUY signal for QQQ was issued on 10/30/2009. Therefore, although QQQ is currently still under the BUY signal, it should […]
Worth Mentioning Or Not So Much? Bond Bears Get A “Rude Awakening”
If you read a lot of Street research (especially of the macro variety) you know that in many cases you get to the end and are left wondering if the analyst actually said anything worth saying. That’s not an attempt to belittle the analysis. It’s often quite good. It’s just that much like a lot […]
Add These 5 Internet Of Things (IoT) Stocks To Your Watch List
The Internet of Things (IoT) term refers to the connection of previously unconnected things to the Internet, so that they can collect data or automate processes, and the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025 according to […]
Novartis Has Acquired An Exclusive License To Use Parvus Therapeutics’ Platform For Diabetes
The pharma giant’s Novartis (NYSE: NVS) Institute of Biomedical Research now has the exclusive license to use Parvus Therapeutics’ platform for diabetes, coming in with an unspecified package of milestones, an upfront, research support and an equity stake to seal the deal. Written by John Carroll Parvus has been operating for the last few years on about […]
Japanese Trade Surplus Slumps To 14-Month Lows As Exports, Imports Surge
Japanese adjusted trade balance tumbles over 500 billion yen in March (after surging around 500 billion yen in February) as lunar new year effects washed out and left the lowest trade surplus since January 2016. Exports (up 12% YoY) and Imports (up 15.8% YoY) both soared at the fastest pace in years. Japan’s exports expanded for a […]
Fantasyland Reality Check: Fed’s Beige Book Makes Impossible Claims In At Least 3 Places
The Fed’s Beige Book, a summary of economic activity in 12 Fed regions, claims modest wage increases broadened, manufacturing expanded, and light vehicle sales strengthened. Let’s investigate those claims in detail, emphasis mine, then do a reality check on those ideas. Overall Economic Activity Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and […]
American Express Soars On Q1 Earnings And Revenue Beat
American Express Company (AXP – Free Report) released its 2017 first quarter financial results, posting earnings of $1.34 per share and revenues of $7.9 billion. Currently, American Express is a Zacks Rank #3 (Hold) and is up 2.38% to $77.40 per share in trading shortly after its earnings report was released. Beat earnings estimates. The company posted […]
U.S. Steel Falls As Recovery In Energy Sector Falters
Shares of U.S. Steel (X) closed lower, along with the price of crude oil. With U.S. Steel’s prospects so closely tied to crude prices, shares of the steel maker fell with the drop in crude, after stockpiles dropped less than expected in the latest week. U.S. oil prices almost 4% percent Wednesday with an intraday […]
Numbness Is How It Happens
The more I look back the more I am convinced that this version of “reflation” was born Japanese. It all seemed to turn around in early July 2016, the very week that whispers of the, for some, long-sought “big one.” It was all over the financial press all around the world. Having gone as far […]
