Millennials: Taking Over The Economy
“Want to hammock on Sunday?” asked M. M is a friend I made at my indoor rock-climbing gym who regularly sends me Snapchats. He enjoys heading outdoors, hiking and climbing every chance he gets. And he hammocks … which means he takes time out to find two trees in a park or some other outdoor […]
Crude Oil Bears State Prices Headed Lower- Bulls-Eye Or Rubbish?
Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained. – Arthur Somers Roche 2015 was a terrible year for oil and it looked like 2106 would even worse; oil dipped below $30.00 and all cockroaches (oops we mean analysts) started […]
Bonds Could Fall 15% More, If This Gives Way, Says Joe Friday
Do you know what was one of the best things to do on the 4th of July this year, in the financial markets? If you owned government bonds, it was a great time to sell them. If you were open to it, it was an even better time to short bonds. The chart below looks […]
Morning Call For Friday, Nov. 18
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ16 +0.05%) are down -0.13% and European stocks are down -0.72%. A +0.07% increase in the dollar index (DXY00 +0.10%) to a new 13-1/2 year high has undercut commodity prices and is leading commodity and raw-material producing stocks lower. The likelihood of a Fed rate hike next month […]
Bear Of The Day: BJs Restaurants
Founded in 1978 and headquartered in Orange County, CA, BJ’s Restaurants (BJRI –Free Report) owns and operates a chain of 186 high-end casual dining restaurants in 24 states. Their signature menu items include deep dish pizza, craft beer and “pizookie” dessert. They call their positioning “contemporary, high-quality, casual plus”. Results Disappoint The company reported lackluster Q3 results, missing […]
The Stock Whisper Of The Day: SPY, AMAT, GPS, ANF
Hot whispers of the day: SPY, AMAT, GPS, ANF. Video Length: 00:04:36
Applied Materials (AMAT) Q4 Earnings And Revenues Beat
Applied Materials Inc. (AMAT – Free Report) reported modest fourth-quarter fiscal 2016 results, wherein the top- and the bottom line came ahead of the Zacks Consensus Estimate. The company’s pro-forma earnings per share (EPS) of 66 cents in the fourth quarter beat the Zacks Consensus Estimate by a penny and came in at the higher […]
E Fitbit Misses Q3 Expectations And Lowers Full Year Guidance
It’s not just that Fitbit (FIT) reported a miss on the top-line, but more so that the company lowered expectations for the full-year and expectations regarding growth going forward. The average analyst estimate for revenue growth in 2016 was roughly 40%, before Fitbit’s revised guidance.Now, analysts expect the company to report revenue growth of roughly […]
Regime Change: What Trump Means For Markets
It’s interesting how quickly the consensus around what a Trump presidency means for markets went from “it’d be an unequivocal disaster” to “his policies will bring forth a new and lasting economic expansion.” Moral of the story: consensus has a habit of being wrong and reality tends to be bit more nuanced. What should we […]
Janet The Commodity “Killer”
Buffy may have her way on slaying vampires but she has nothing on Fed Chair Janet Yellen when it comes to killing commodities. Ms. Yellen’s testimony to Congress basically assured us that the Federal Open Market committee will raise rates in December as the economy is making significant progress. The talk sent the dollar, that […]
