Could Chinese Weakness Finally Be Priced In?
The start of the year has been dominated by fears that China’s economy is slowing, which is bizarre because anybody who keeps an eye on economic news knows it has been the case for a couple of years now, and this is behind the softening of commodity prices and shares in mining concerns. The twin […]
How Will Chip Card Technology Impact VeriFone’s Earnings?
Photo Credit: Mike Mozart VeriFone Systems, Inc. (PAY) Information Technology – IT Services| Reports March 10, After Market Closes Key Takeaways The Estimize community is calling for EPS of $0.47 and revenue expectations of $502.82, 1 cent higher than Wall Street’s earnings estimate and $2.5 million greater on the top line VeriFone is the current leader in […]
Silver Stalling?
Silver prices are more or less flat since yesterday and our technical outlook therefore remains the same. The short-term trend is bullish above the February 29 low of $14.60 and this suggests that prices may head higher over the coming days. Silver may trade as high as it did last week, recording a peak of $15.83 and […]
ECB: Emptying Mario’s Cart – CIBC
Fresh off the wild EUR/USD moves on the big ECB decision, here is the view from CIBC: Here is their view, courtesy of eFXnews: Having failed to live up to expectations late last year, the ECB today stepped up with stimulus that actually went beyond what was anticipated. The cut in the deposit rate further into negative […]
Silver Price Forecast: Silver Peak Likely Only After Dow Crash & Major Bottom
Last year, I produced the following chart and commentary (italics) to show how the Dow could crash like it did in 1929: Above, is a fractal comparison between the current period (1998 to 2015) and the 1920/30s, for the Dow (charts fromtradingview.com). Follow the two patterns marked 1 to 5. I have also indicated where […]
US Treasury Curve Collapses To December 2008 Lows
The spread between the 30Y US Treasury yield and 2Y has plunged by 7.5bps this morning (as 2Y sells off and 30Y rallies post-Draghi) to 175bps. This is the flattest curve since Dec 2008 lows (at 172bps) which can only bode poorly for financials… 30Y bonds are bid (juicy yield compared to Europe) and 2Y yields are […]
March 5, 2016 Initial Unemployment Claims Rolling Average Again Improves
Weekly Initial Unemployment Claims The market expected (from Bloomberg) were 270,000 to 278,000 (consensus 272,000), and the Department of Labor reported 259,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 270,000 (reported last week as 270,250) […]
The Stock Whisper Of The Day: VXX, GPOR, PBR, SPY
Hot stocks of the day: VXX, GPOR, PBR, SPY Video length: 00:05:24
U.S. Oil Companies See Reserve Values Fall By Over Half A Trillion Dollars In 2015
New analysis from Evaluate Energy shows that 57 U.S.-based E&P companies have seen the present value of their global proved (1P) reserves fall by a combined 63% between 2014 and 2015, a staggering $515 billion. The full breakdown of the company data provided on an annual basis shows that the overwhelming majority of this fall in value is clearly […]
7 Economic Value Stocks That Should Be In Your Portfolio
The improving U.S. economy, increasing consumer spending and improving oil prices are expected to bring forth few winners across the equity universe in 2016. However, in the contemporary volatile equity market, investors should allocate their funds with a clear roadmap. Looking for Value We perceive that investors can do well by acquiring less risky stocks […]
