Bull Of The Day: Lam Research
Lam Research (LRCX – Free Report) delivered the goods on April 18 that I had been telling you about for two months in articles like “Give Me Sales Growth!” on February 25 and “3 Tech Stocks to Buy on This Pullback” from April 12. Here’s what I told my TAZR Trader group, where we first bought LRCX under $115 […]
Oil Deliciously Weak
First off, wholly unrelated to this post, I’ve got to express amusement about the latest Trump flip-flop, which is the NAFTA switch. Yesterday, we were going to leave NAFTA. I wake up this morning and see that he’s changed his mind. Not that I care – seriously, it matters hardly an iota to me – […]
E Trump’s Trade War Takes Dead Aim At Canada
President Trump has started his trade war by slapping maximum of 24% countervailing duty on Canadian softwood lumber entering the United States. This is yet another episode in this long-standing dispute with Canada that goes back more than two decades. The crux of the issue is the alleged subsidies provided to the Canadian industry. The […]
Johnson Controls Q2 Earnings In Line, Revenues Beat
Johnson Controls International plc (JCI – Free Report) is a supplier of automotive interiors, batteries, and other control equipment. The company is focused on a comprehensive cost saving program along with improving productivity. Johnson Controls will benefit from acquisitions and mergers. Johnson Controls’ merger with Tyco is part of the former’s strategy to become a leading global multi-industrial […]
Sensex Finishes Lower; Metal & FMCG Stocks Drag
Share markets in India finished on a weak note as investors continued to book profits ahead of the April F&O expiry. At the closing bell, the BSE Sensex closed lower by 104 points, whereas the NSE Nifty finished lower by 10 points. The S&P BSE Midcap finished up by 0.1% while the S&P BSE Small Cap Index ended flat. Among the BSE sectoral indices, metal […]
Just Go With It
Trump hasn’t started a war. Yet. Other market worries like the French election also turned out to be overblown—so far at least. We’ve seen some zigs and zags in the past two weeks as the market bought into, then dismissed, then bought into the reflation trade. I remain cautious for both political and economic reasons […]
Southwest Airlines Warns Q2 Costs Will Rise As Q1 Earnings Miss
Written by StockNews.com Southwest Airlines Co. (NYSE: LUV) early Thursday posted worse than expected first quarter earnings results and warned that its costs would increase substantially in Q2. The Dallas-based airline operator reported Q1: earnings per share (EPS) of $0.61, which was $0.02 worse than the Wall Street consensus estimate of $0.63, revenues rose 1.2% from […]
Comcast Corporation, Ford Motor Company Shares Rise On Earnings
Comcast (CMCSA) and Ford (F) released their latest earnings reports before opening bell this morning. Ford reported adjusted earnings of 39 cents per share, compared to the consensus of 35 cents per share, on $39.15 billion in revenue, against the consensus of $34.7 billion. In last year’s first quarter, the automaker reported $37.7 billion in […]
Q1 GDP Takes Another Hit As Wholesale Inventories Slide In March
With non-hope-based GDP forecasts for Q1 at cycle lows, today’s wholesale inventories decline will not help. After dropping in January, and rebounding in Feb, March saw inventories drop 0.1% (against expectations of a 0.2% rise). This is the first quarterly decline in wholesale inventories since Q1 2016 (when the world was feared to be heading into recession). Yet another […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Thursday, April 27
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.09276 Opening: 1.09032 Chg. % Of the last day: -0.21 Daily range: 1.08955 – 1.09209 52-week range: 1.0366 – 1.1616 Yesterday, the correction was observed on EUR/USD. In the Asian trading session, the trading was calm. The ECB meeting will take […]
