EC Fed Will Cause A 2008 Redux
Truth is a rare commodity on Wall Street. You have to sift through tons of dirt to find the golden ore. For example, mainstream analysis of the Fed’s current monetary policy claims that it will be able to normalize interest rates with impunity. That assertion could not be further from the truth. The fact is […]
U.S. Silica (SLCA) Raised To Strong Buy On Upbeat Prospects
On Apr 15, Zacks Investment Research upgraded U.S. Silica Holdings, Inc. (SLCA- Free Report) , a leading producer of commercial silica, to a Zacks Rank #1 (Strong Buy). Going by the Zacks model, companies sporting a Zacks Rank #1 have strong chances of outperforming the broader market. Why the Upgrade? Estimates for U.S. Silica have been moving north […]
State Pension Funds Take On More Risk, Higher Fees For Worse Returns
State and locally run retirement systems are increasingly turning to alternative and complex investments to help boost returns but these decisions may not be the best for all stakeholders involved, according to a new report from The Pew Charitable Trusts. The report, which is the latest in a series of reports from Pew on the […]
Soft Data Slump Begins – Empire Fed Plunges Most In A Year
And so it begins. After exploding higher post-election, it appears the ‘soft’ survey data hype has begun to fade. Empire Fed’s manufacturing survey tumbled the most since May 2016 in April, almost erasing the entire post-election surge. New Orders (current and expected) slumped and the average workweek caved as Trump’s ‘plans’ remain stymied. And just like […]
EUR/JPY Bearish Zig Zag Within Equidistant Channel
Bank holidays are usually days when low volatility is expected. Yen pairs tend to move with equities, especially Nikkei, so we have seen some volatility in the Yen during the Asia session. The POC for EUR/JPY comes within 115.75-95 (EQ channel top, ATR high, W H3, EMA89) and should reject the price. Targets are 114.55 […]
JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses
Written by StockNews.com JB Hunt Transport Services Inc. (NASDAQ:JBHT) early Monday posted mixed first quarter earnings results, as its profit numbers topped expectations but its revenues fell slightly short of the analyst consensus.
E Nervous Investors Turning To ‘Risk-Off’ Trades
The U.S. dollar fell against its major rivals on last week after a pair of weak datapoints raised new questions about the strength of the economy. Also pressuring the dollar lower were comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates […]
E March Retail Sales May Signal Further Economic Slowing
It was another ugly retail sales report for the month of March and with February’s retail sales being revised sharply lower as delivered by the U.S. Commerce Department. Combined, February and March marked the worst two-month stretch in two years, suggesting that first-quarter U.S. growth will be less robust than previously hoped. Sales at retailers […]
3 Stocks That Matter: ELY, EWBC, LPX
Long Callaway Golf (ELY) Long Louisiana Pacific (LPX) Short East West Bancorp (EWBC)
Trader: “Down Should Be The Direction Of Choice For US Stocks”
Well, Mark Cudmore is back on the clock after an extended vacation. Monday’s missive finds the former FX trader reminding us that he “turned bearish US equities on March 8.” Actually, Cudmore has “turned bearish” only to “turn” back bullish on any number of occasions this year. Through it all, he’s generally maintained an upbeat outlook […]
