U.S. Steel Plunges 19% On Q1 Earnings, Revenue Miss
United States Steel Corp. (X – Free Report) released its first quarter fiscal 2017 financial results, posting earnings of a loss of 83 cents per share and revenues of $2.73. billion. Currently, X is a Zacks Rank #1 (Strong Buy), and is down 19.45% to $25.06 per share in trading shortly after its earnings report was released. […]
Sensex Crosses 30,000-Mark; Wipro Gains 3.3% On Q4 Results
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.34%, while the Hang Seng is up 0.61%. The Nikkei 225 is trading higher by 0.79%. US equities rose sharply on Tuesday as solid quarterly reports from several large-cap companies rolled through. Meanwhile, share markets in India have opened the day on a […]
Mish Monthly Macro Video April 2017
Once a month I get together with Gordon Long for a videocast of the month’s hot news topics. This month we discussed the French election, Target2, and European politics. Video Length – 00:17:09
The Housing Bubble Is Back
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages. But now he’s back to being happily swamped because instead of refinancing, everyone is buying — often, he says, for above the asking […]
Oh Canada
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 232 = 20,996 SPX + 14 = 2388 NAS + 41 = 6,025 RUT + 13 = 1411 10 Y + .05 = 2.33% OIL + .13 = 49.36 GOLD – 12.00 = 1265.00 This has been a very strong start to the […]
Panera Bread Posts Q1 Earnings Miss, Revenue Beat
Panera Bread Co. (PNRA – Free Report) released its financial results for first quarter of 2017, posting earnings of $1.83 earnings per share and revenues of $727.6 million. Currently, Panera is a Zacks Rank #3 (Hold) and is down 0.11% to $313.72 per share in trading shortly after its earnings report was released. Missed earnings estimates. The […]
Biotechs Running Again: Life Science Stocks
XBI up 19.2% YTD Q1 Earnings Can Pivot Sector: Biogen Up Today on Earnings and Revenue Beat Biotechs are running again taking the cue from Nasdaq which is up 3.44% in April after a brief mid-month sell-off. Biotech stocks rallied from global macro concerns which has dampened investor enthusiasm over the past two months. Political risks overwhelmed sentiment last […]
Market Rates – Tuesday, April 25
The market is in a good spot. Earnings are good, the news is good, and the chart pattern carved out a very nice base to spring higher. So has the medium-term uptrend resumed? The market has moved a lot in a very short period of time. We went from oversold to overbought in just a […]
Chemical Activity And T-Bill Spread Indicate Higher Markets Ahead
“Davidson” submits: The Chemical Activity Barometer(CAB) was reported at an all time high once again. The SP500 on the French primary outcome has surged higher as have Intl LgCap issues and the US$ is lower. The sands of economics are shifting and it all suggests we are likely to see much higher stock markets the […]
