Newest Macro Data Is W-E-A-K!
Last week two of my favorite data points came out: Payrolls & Trade. Payrolls were a huge miss. Expectations were for 180,000+, but came in almost 50% lower (at 98,000). Automatic Data Processing (ADP) – a global leader in payroll processing – predicted 263,000. (This is a huge egg on their face. And it should tell […]
Is It Just Me, Or Was That A Nightmare?
You know, I don’t do a lot of “that’s a wrap” or “the day that was” posts. For one thing 4:30 is beach time (and usually just the right beach weather) and for another, the last thing I want to do after staring at 3 monitors for damn near 12 hours is make a bunch […]
Goldman Asks: Are Markets Rationally, Or Irrationally, Exuberant?
Goldman Sachs’ Charlie Himmelberg and Marty Young find evidence that “animal spirits” are driving sentiment along party lines… and that may be a concern… Sentiment indicators have rallied hard since the election of Donald Trump. The Conference Board’s Consumer Confidence Index, for example, has risen to its highest level since December 2000 (+24.8 points from October). The […]
Market Talk – Tuesday, April 18
We saw a mixed session in Japan today with the Nikkei bouncing from yesterdays lows eventually closing up +0.35% whilst the currency rejected the 107 handle last trading mid 108 level. Shanghai has lost -0.8% also watching the Hang Seng give up 1.4%. It should be no surprise that markets are feeling jittery given current […]
Who Will Beat And Who Will Miss This Season? The Biggest Expected Surprises For Q1 2017 Earnings
This week on the Estimize Roundtable, Estimize’s CEO, Leigh Drogen and SVP of Media, Christine Short, are joined by guests Jeff Macke of Macke Asset Management and Sean Udall, the CIO at Quantum Trading Strategies. With the Q1 Earnings season officially underway, we asked our guests to provide their picks for biggest expected surprises both […]
Dish Spectrum Splurge May Lower M&A Chances, Macquarie Says
Dish Network (DISH) shares have dipped after research firm Macquarie downgraded the stock to Neutral, arguing that the company’s $6.2B splurge on the recent wireless spectrum auction could deter a potential suitor and appears misaligned with the coming rollout of 5G technology. DISH DOWNGRADE: Downgrading Dish to Neutral while cutting her target price to $61 […]
Lam Research Corporation’s Q3 Earnings And Guidance Easily Top Expectations
Lam Research Corporation (NASDAQ:LRCX) Tuesday posted market-beating fiscal third quarter earnings results and offered a bullish forecast for the current period… Written by StockNews.com The Fremont, CA-based semiconductor equipment maker reported: Q3 earnings per share (EPS) of $2.80, which was $0.25 better than the Wall Street consensus estimate of $2.55. Revenues surged 63.9% from last […]
The Myths And Truths Of The Market’s Wild West
Pull into Pinos Altos, NM and get a sense of the old Wild West. Trade the current market and also get a sense of the old Wild West. Both the market and the Wild West are fraught with myths and truths. Determining what is myth and what is truth makes them difficult to figure, while […]
New Patterns Of Disturbance
Having finally established that the economy of the “rising dollar” was appreciably worse than first estimated, we can turn our attention back toward figuring out what that means for the near future and beyond. According to the latest estimates for Industrial Production, growth has returned but in the same weird asymmetric sort of way that is actually […]
IBM Tumbles After Posting Lowest Revenue In 15 Years, 20th Consecutive Quarter Of Declining Sales
Last quarter, IBM almost fooled the market when it “beat” but only thanks to using the lowest effective tax rate in recent history (excluding one charge-fulled quarter when the rate was negative). Well, fast forward one-quarter when IBM has done it again, if only on a GAAP basis, because, in the three months ended March 31, […]
