With Only 10% Of Companies Left To Report, Where Does S&P 500 Q1 Earnings Growth Stand?
In typical fashion, the retailers wrap up the earning season. That procession begins this week when several department stores report their first quarter results. The S&P 500 multi-line retailers have struggled in the last couple of quarters, but this season they are expected to put up earnings per share (EPS) growth of 9.5%, and revenue […]
IMF Works On Contingency Plans For Greek Default; Greece Says Deal Difficult; Timeline Of Obligations
Schaeuble Warns Defaults Can Surprise As negotiations head down to the wire, Schaeuble repeats a message he gave a month ago Defaults Can Surprise. German Finance Minister Wolfgang Schaeuble warned that sovereign defaults can catch officials off guard as Greece prepares for a finance ministers’ meeting Monday with the European Central Bank threatening to tighten the […]
The Best Of The IBD 50
A lot of you are subscribers to Investors Business Daily and follow the IBD50 selections. This morning I used Barchart to sort the IBD50 stocks to see which ones had the highest technical buy signals. Today’s list includes: Paycom Software,CDK Global,Criteo,Valeant Pharmaceutical International and Universal Insurance Holdings. Paycom Software Barchart technical indicators: 100% Barchart technical buy signals Trend […]
Weekly Market Review – Week Ending 5/8/2015
Macro The non-farm jobs report was remarkably close to the consensus estimate. Last week we noted Barron’s calling for 212,000 with the actual print coming at 223,000. As the title of this post implies, on the surface it looks like a Goldilocks number. Fed Governor Charles Evans talked during the week (before the report) and […]
Bull Of The Day: New Oriental Education & Technology
After an excellent quarterly performance, estimates for China’s top tutoring company have been on the uptrend, sending the stock back to Zacks rank #1 (Strong Buy) last week. About the Company Founded in 1993, New Oriental Education & Technology Group ((EDU – Snapshot Report)) is the largest provider of private educational services in China with about 20.8 million student […]
DISH Network Beats Q1 Earnings, Revenues In Line
DISH Network Corp. (DISH – Analyst Report) declared first-quarter 2015 financial numbers wherein earnings beat the Zacks Consensus Estimate while revenues were in line with the mark. Quarterly net income came in at $351.5 million or 76 cents per share compared with net income of $175.9 million or 38 cents in the year-ago quarter. Earnings also surpassed the […]
Bubble Trouble In Nasdaq’s Baby Tech Companies
By Daniel C. Roarty, CFA, AllianceBernstein Are technology stocks in a bubble? Opinions differ. But the sector’s startup baby boom and the rich valuations being showered on so many fledgling firms are worrying. It is important to be more discriminating when investing in disruptive innovation today. The tech investing scene has never been more youth obsessed. […]
Crude Rally About To Sputter?
There is a distinct possibility that the recent oil rally is about to run out of steam. We have two potential issues on the horizon for crude markets: 1. The physical oil market seems to be facing challenges resulting in a disconnect from the futures market. We’ve seen this movie before, and it doesn’t end […]
Peter Schiff’s Encounter With Ben Bernanke
On his Friday podcast, Peter Schiff told the story of his encounter with Ben Bernanke at the SALT Conference last week. He managed to snap a photo with the former Federal Reserve Chairman, which you can see here. Peter first discusses the latest economic data, then starts talking about. Bernanke:00:13:00 Audio Length: 00:30:04 Follow along […]
ETSY Crashes Over 40% From IPO Highs In 3 Weeks
From a high of $35.74, ETSY – the company that sells arts and crafts online – has collapsed almost 44% in the 3 weeks since its much-heralded IPO. Down another 9.5% today, and closing in on its IPO price of $16, it appears the ‘public’ stock markets are exposing the ‘private’ stock bubble a little too clearly […]
