Stocks And Precious Metals Charts – The Metals Hold The Line
Despite some intraday action, stocks finished largely unchanged. Precious metals managed to hold their key levels in the face of the ‘better than expected’ Jobs Report. The FOMC will be announcing their decision on rates next Wednesday. I have included the economic calendar for next week below. The SEC has rejected the Winklevoss twins proposal […]
The One Way To Keep Beating The Market By 50%
Sometimes it pays to sound like a broken record. Literally… For several years now, I’ve been telling investors – over and over again – that if you want to transform your net worth… if you want to secure a wealthy retirement… you absolutely have to be in high tech and the life sciences. Like we […]
As Oil Plunges, Oil CEOs Say “Message Is Clear”: “Worst Is Behind Us, Time For Growth”
Well, I’ll say this for Wells Fargo (whose research I maligned on Thursday prompting an amusing response from the bank’s help desk): they are dead on when it comes to explaining how US operators didn’t seem to learn jack sh*t from the downturn in crude prices. Here’s what the bank said in a great note out last month: […]
Is A Low Unemployment Rate “Great News” For Stocks?
We’ve come a long way, baby. In October 2009, the U.S. Unemployment Rate stood at 10%, the highest level since the deep recession in the early 1980’s. Since then, it has moved all the way down to 4.7%. Payrolls have now expanded for 77 consecutive months, by far the longest streak in history. With economic […]
Divergence Between GDPNow And FRBNY Nowcast Hits Two Full Percentage Points
Since February 24, a string of bad economic reports drove the Atlanta Fed GDPNow estimate for 1st quarter GDP from 2.5% to 1.2% In the same timeframe, the FRBNY Nowcast Model rose slightly from 3.1% tp 3.2% in a report released today. The gap between the models is now two full percentage points. I expected the gap to partially […]
Buckle Inc. Q4 Revenue, Earnings Results And Comps Down Badly
Written by StockNews.com Buckle Inc. (NYSE: BKE) early Friday [Mar 10, 2017 | 7:03am ] posted worse than expected fourth quarter earnings results, as sales at established stores fell precipitously amid what it called a “challenging” retail environment.
Agriculture Markets Report – Friday, Mar. 10
A review of the day’s trading in the agriculture markets. Video Length: 00:09:16
Filing Season Finds: Valeant Pharmaceuticals (VRX)
Valeant Pharmaceuticals (VRX: $12/share) was one of the 700 10-K’s we processed last week. Analyst Cody Fincher made a total of 44 adjustments to Valeant’s financial statements with a total value of $50 billion. The adjustments were applied as follows: 21 income statement adjustments with a total value of $4 billion 16 balance sheet adjustments with […]
E Miners Are Testing Yesterday’s Highs
Miners are testing yesterday’s highs, and we may have an interim low if prices close above them. A bounce should last 1-2 weeks. The 50-day EMA will be key. If prices fail to retake the 50-day (3-closes above), then they will rollover and continue dropping. -GDX- Prices are testing yesterday’s high. A daily cycle low […]
Gold Miners’ Q4’16 Fundamentals
The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain quite strong, proving the recent selling was purely psychological. This sector’s just reported fourth-quarter results are impressive, […]
