Fairway Group Likely To Beat On Bottom Line EPS – Strong Acquisition Candidate
Fairway Group Holdings Corp. (NASDAQ: FWM) earning’s report is scheduled for May 28th, 2015, but no 8K has yet been filed to confirm this date. We will assume the company will report on this date as it normally does not file an 8k to officially announce earnings, but rather stays on a set schedule. We feel the […]
Northstar Is Far From An Intelligent REIT Alternative
Warren Buffett famously said, “Never invest in a business you don’t understand.” That’s one reason that I have never hit the BUY button for Northstar Realty Finance (NYSE:NRF). I’m sure that the New York-based REIT is a sound business, but the complex structure seems to provide less transparency, often distorting the true value of the company. I’ll […]
Will The Breakout To New Highs Stick This Time? – Weekly Market Outlook
The S&P 500 Index ended last week at a new high, and the technical trend momentum picture is bullish. But we’ve seen similar moves since February reverse several times, as the market has remained in a choppy and grinding narrowing range (with a mild upside bias). The $64,000 question: Do we trust the move we just got […]
Gold Jumps Despite Stronger Dollar As Grexit Gets Ever Nearer, Futures Flat
With equities having long ago stopped reflecting fundamentals, and certainly the Eurozone’s ever more dire newsflow where any day could be Greece’s last in the doomed monetary union, it was up to gold to reflect that headlines out of Athens are going from bad to worse, with Bloomberg reporting that not only are Greek banks running […]
Telecom Combats Stiff Competition, Net Neutrality
The U.S. telecommunications industry is currently faced with pressing concerns like intense pricing competition and severe spectrum crunch. Also saturation level adoption rates for smartphone and tablet are compelling wireless operators to seek other options for revenue generation. Massive promotional expenditures and cut-throat pricing competition are major concerns presently plaguing the industry. In addition, the […]
Dollar Firmer, But Vulnerable
The US dollar, which traded heavily throughout last week, turned better bid today. However, with no significant data, and the renewed pressure on European bonds, the greenback’s firmer tone looks fragile. Core European bond yields are 3-4 bp higher, including German bunds. Peripheral bonds yields are up 8-11 bp, with Greek 10-year yields up […]
EUR/USD Testing Massive Resistance At 1.15
The EUR/USD pair initially fell during the session on Friday, but found enough support near the 1.13 level to turn things back around and form a hammer shaped candle for Friday. This is the top of a massive move higher and I now believe that we are getting ready to complete a “W pattern”, which […]
What Is The Single, Most Serious Problem Facing The U.S. Economy?
by Rodger Malcolm Mitchell, www.nofica.com What is the single, most serious problem facing the U.S. economy? If you’re a regular reader, you know the answer, because I’ve been beating the same drum for years. The answer is the too-wide-and-widening income/wealth/power Gap between the rich and the rest. Here are excerpts from an article that appeared in Harvard Magazine; […]
Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq – May 18, 2015
It was a very volatile week! Markets sold off to start the week, but, rallied back to record territory to end the week! It was truly amazing! We have been staying mostly in cash, because it looked like stocks were heading for a pullback. They did pull back. But, once again buyers drove them higher! […]
Rate Shopping Whores And Chicago’s Bond Rating
Moody’s vs. S&P Rating of Chicago On May 12, Moody’s downgraded Chicago’s GO bonds to Junk. I commented on that downgrade in Moody’s Cuts Chicago Bond Rating to Junk; City Faces $2.2 Billion in Various Termination Fees; Irresponsible to Tell the Truth. On May 14, S&P Downgraded Chicago General Obligation Bonds from A+ to A-. That rating is […]
