Wall Street’s Not The Only Crook
We all know there’s manipulation on Wall Street. There are companies that are much stronger than their fundamentals would suggest, and it laughs in the face of free market capitalism as it was originally intended. But it’s not just Wall Street that’s to blame… The concept of free markets suggests that they work best when […]
Staples Q1 Earnings In Line, Sales Miss Estimates
Staples, Inc. (SPLS – Analyst Report), a leading retailer of office products and services, released first-quarter fiscal 2015 results, wherein adjusted earnings of 17 cents per share came in line with the Zacks Consensus Estimate. However, the bottom line fell 5.6% from 18 cents a share earned in the year-ago quarter. Staples provided its sales and earnings […]
Goldman “Solves” The Lack Of Cheap Gas Consumption “Puzzle” – Spending Set To Rise… Just As Gas Prices Surge
Goldman, as well as everyone else, was dead wrong when it predicted that the tumbling gas prices are “unambiguously good” and would unleash a wave of spending unseen since the Lehman collapse – because all those “gas savings” had to go somewhere, right? Instead, what happened was that retail sales disappointed 5 months in a row, and […]
Dollar Recovers Broadly As Correction Falters
After several days when the pressure was high against it, the US Dollar touched a 3-week peak versus the common currency Euro and 2-month high against the Japanese Yen. Analysts are in disagreement as to why the greenback is in recovery mode with some pointing out the situation in Greece as the reason why the […]
Wednesday’s Pre-Market Insights: YHOO, SRPT, TWC, ETSY
Yahoo! Inc. (NASDAQ:YHOO) shares increased more than 2% to $41.85 per share in pre-market trading on Wednesday after the company confirmed plans to spin off Alibaba holdings despite IRS comments that might complicate the tax status of the move. Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares soared over 50% to $24.60 in pre-market trading after the pharmaceutical company announced […]
Why Europe Will Lead The Charge To Eliminate Cash – The Next Step In Global Meltdown
Europe will lead the world into this Economic Totalitarianism because government is now desperate to retain the Euro. If the Euro collapses, so will Brussels. The government exists solely because of the Euro. The fatal design of the Euro is the key. The failure to have consolidated the debts of all individual member states has been the […]
Autodesk Q1 Earnings In Line, Revenues Surpass
Autodesk Inc. (ADSK – Analyst Report) reported first-quarter fiscal 2016 results. Adjusted earnings of 15 cents per share matched the Zacks Consensus Estimate. Autodesk Inc. – Earnings Surprise | FindTheCompany The company reported non-GAAP earnings of 30 cents in the quarter, down from 32 cents reported in the year-ago quarter. Quarter Details Revenues for the quarter increased […]
Morning Call For May 20, 2015
OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 +0.05%) this morning are little changed as the market awaits today’s FOMC meeting minutes. The Euro Stoxx 50 index this morning is mildly lower by -0.20%. Asian stocks today closed mixed: Japan +0.85%, Hong Kong -0.39%, China +0.65%, Taiwan -0.32%, Australia-0.09%, Singapore -0.42%, South Korea +0.93%, India +0.69%, Turkey -1.07%. The dollar index (DXY00 +0.30%) this […]
Futures Flat With Greece In Spotlight; UBS Reveals Rigging Settlement; Inventory Surge Grows Japan GDP
The only remarkable macroeconomic news overnight was out of Japan where we got the Q1 GDP print of 2.4% coming in well above consensus of 1.6%, and higher than the 1.1% in Q4. Did it not snow in Japan this winter? Does Japan already used double, and maybe triple, “seasonally-adjusted” data? We don’t know, but […]
Retirees Face An Asset Allocation Conundrum
One of my clients recently sent me an article from CNBC on the big shift in thinking for retirees with the need for an income plan. The story essentially centers on the conundrum of how to generate an acceptable yield without taking an inordinate amount of risk. All of the usual concerns were cited: Historically low interest […]
