ECB Preview: Dovish Draghi Or A Dose Of French Delight?
The European Central Bank is unlikely to change its policy in the upcoming meeting, but it could hint about the next steps. The removal of the “use all instruments” phrase helped push the euro higher until Draghi clarified it was not that important. Will the fall in inflation trigger some dovishness and a hint for […]
Devil In The Detail
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 21 = 20,975 SPX – 1 = 2387 NAS – 0.27 = 6025 RUT + 8 = 1419 (record close) 10 Y – .02 = 2.31% OIL – .41 = 49.15 GOLD + 5.00 = 1270.00 Here’s the good news – it wasn’t […]
Sensex Opens Flat; Axis Bank Falls 1.7% On Weak Q4 Results
Asian markets were mostly lower in morning trade following the lower close on Wall Street as investors analyzed details on U.S. President Donald Trump’s highly-anticipated tax reform plans. The Nikkei 225 is off 0.24% while the Hang Seng is down 0.05%. The Shanghai Composite is down 0.47%. Meanwhile, stock markets in Europe closed their previous session on a positive […]
P2P Lender China Rapid Finance Lays Out Terms For IPO
China Rapid Finance (Pending: XRF), a Shanghai, China-based peer-to-peer (P2P) lender, has announced its terms for its upcoming IPO. The company plans to raise $105 million through the offer of 10 million shares priced between $9.50 and $11.50 per share. Assuming the company prices at the midpoint of its price range, it would have a market […]
Buffalo Wild Wings Stock Down On Q1 Earnings & Revenue Miss
Buffalo Wild Wings, Inc. (BWLD – Free Report) released its first quarter 2017 financial results, posting earnings of $1.44 per share and revenues of $534.8 million. Currently, BWLD is a Zacks Rank #3 (Hold), and is down 3.2% to $157.21 per share in after-hours trading shortly after its earnings report was released. Buffalo Wild Wings: Missed earnings […]
Stand On Guard For Thee (Canada)
Over the past 40 years, the British Columbia lumber business has always taken great glee in plucking the chin hairs out of Uncle Sam’s beard by legislating protection for its markets by way of subsidies and tax credits with political parties catering and pandering to the voting workers in an industry that dominates the provincial […]
Can This Retailer Possibly Pay Its 5.2% Dividend?
Retail is a tough business these days. Amazon is a big bully, taking a lot of retailers’ lunch money. Other online stores are also making it tough for their brick-and-mortar competitors. That’s why store closures are on record pace. So far this year, there have been 2,880 announced closures. Ten retailers have declared bankruptcy. Macy’s (NYSE: […]
Trump Tax Cuts To Add As Much As $7 Trillion In Debt
While today’s “tremendously” vague one-page summary of Trump’s tax plan had barely any detail – it did not even include the income ranges for the three personal income tax brackets – it did contain enough information for the CRFB to be able to score it, and calculate how much it would cost, or in other words […]
The Medium-Term Trend – Wednesday, April 26
The SPX equal weight touched the previous high and then reversed. Shooting star pattern? Now what happens? There are a few weak spots in this market. The recent chart of the Transports does not have the look of an uptrend. Not yet anyway. This has been one of the few major indexes not confirming the […]
