Netflix Analysis – On Demand Is The Game Changer – Market Sea Change (Video)
It is pretty ironic that Netflix (NFLX) disrupted Blockbuster, causing Blockbuster to go the bankruptcy route, and ultimately On Demand is already disrupting Netflix as we speak. This is a Sea Change in the space, the worm has turned because of the market arrival of On Demand through multiple alternative platforms. This deflationary trend means […]
FMC Technologies Is Beginning To Crack
I have been short FMC Technologies (FTI) for a while now. My thesis was that the dearth in deep water E&P would eventually sink FMC these companies. They all traded up after Schlumberger’s (SLB) takeover of Cameron (CAM) in August. However, I may have gotten my big break after the company showed cracks in Q4. Subsea Technology Division […]
Weekly Economic & Political Timeline – 3/20/2016
It is almost certainly going to be a much quieter week this week than last week, with a total absence of any central bank inputs concerning any major global currencies, and with public holidays scheduled in several markets. Therefore volatility is likely to be much less. In spite of the holidays, the most important data […]
LA Port Traffic Surges 46.6 Percent, Bloomberg Says “This Means Economy Is Healthy”, Mish Says “Nonsense”
Los Angeles port traffic is up 46.6%. Traffic is up 44.7% in Long Beach, the biggest monthly gain since 2013. Matthew Winkler, Bloomberg Editor-in-Chief Emeritus, says “This means that the economy is healthy and poised to get better, benefiting from trade that is expanding big and small businesses alike while creating more and higher-paying jobs.” […]
Weighing The Week Ahead: What’s Up With Housing?
Once again, this week’s economic calendar is very light. There will be plenty of political news and daily doses of FedSpeak. Despite the political stories, I expect the punditry to be asking: What is happening with housing? Prior Theme Recap In my last WTWA (two weeks ago) I predicted a focus on the US Presidential election and […]
E Wabtec’s Growth Is Dead
Wabtec (WAB) provides equipment and services to the global rail industry. Its Freight division (60% of revenue) manufactures and services components for new and existing freight cars. Transit (40% of revenue) manufactures and services components for transit vehicles, typically subways and buses. The company is highly-dependent upon the health of the global freight rail and […]
Stocks Run Win Streak To Fifth Week After Fed Tamps Down Rate Hike Expectations
Stocks ended the week higher once again, extending the market’s winning streak to a fifth week, after the Federal Reserve surprised by indicating that it may make only two more quarter-point rate hikes this year, down from members’ prior median view that four such hikes were in the cards. The Fed was the headliner, but […]
Chinese Data Shows Economic Improvement
There seems to be some good news out of China. Recent data show some improvement in the economy’s activity but the country still faces downward pressure. Vice Premier Zhang Gaoli said on Sunday, “We don’t want to shy away from saying that China’s economy is facing downward pressure, but overall the progress is steady,” Recent […]
Bundesbank President: “Helicopter Money Isn’t Manna Falling From Heaven”
Not everyone was delighted by Mario Draghi’s decision on March 10 to begin monetizing corporate bonds: chief among them was Bundesbank president Jens Weidmann whose opposition to unorthodox monetary policies is well known, and whose “Northern Block” was among those voting against the ECB’s QE expansion (Weidmann himself was not among those voting last week). Of course, […]
Thor Has Peaked
Thor Industries (THO) reported quarterly earnings last Wednesday. The company’s $975 million in revenue handily beat the $909 million expected; Thor delivered an earnings beat as well. THO has rallied over 8% since the report was released. I thought the quarter was not as positive as it appeared. Below is my take: Revenue Has Peaked […]
