One Year Of Losses Erases Eight Years Of Miner Profits
Just as the financial crisis was for banks, so too was the recent commodity drop for miners and miner profits. It has been a tough year for miner profits. While the price of gold has not fallen as fast as it did in 2012, miners have had significant difficulty. Losses from mining operations were so severe in 2015, the eclipsed […]
On The Cusp. Again.
Well, this is just getting beyond dumb. With the Dow, having gone up thousands of points in just over five weeks, and the VIX being crushed by over 50%, the world is once again awash in arrogant, devil-may-care bulls and a handful of humiliated, despondent bears. Even a vicious terrorist attack by (who else?) the religion of […]
USDJPY: Targets Further Upside Pressure
USDJPY: With the pair strengthening for a third day in a row, it looks to extend its gains. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the […]
Red Hat Tops Q4 Earnings And Revenue Estimates
Red Hat Inc. (RHT – Snapshot Report) released their fourth quarter fiscal 2016 earnings results, posting earnings of $0.34 per share and revenue of $544 million. Currently, RHT has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key takeaways form the just announced […]
Nike Beats Earnings, Slight Miss On Top
After the bell Tuesday, Nike (NKE – Analyst Report) reported fiscal Q3 2016 earnings results that were mixed compared with analyst expectations. Earnings per share of 55 cents on revenues of $8.0 billion beat and missed the 48 cents per share and $8.2 million in sales, respectively. Shares on NKE slipped 4 percent immediately upon the news, […]
The Travelers Companies – Chart Of The Day
The Chart of the Day is The Travelers Companies (NYSE:TRV). I found the P&C insurance stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 2/22 the stock gained 6.14%. St. […]
Stocks Stumble As Fed Hawks Tamp Down Terror-Attack Exuberance
Belgian PM Charles Michel said earlier that “this is the deadliest attack on Brussels ever,” and as we noted in this morning’s pre-open wrap: This morning’s Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November […]
Goldman: These Are The REITs To Avoid In A Recession
How will real estate investment trusts react if there’s a recession in the US? That’s the question posed by Goldman Sachs in a new research report out today that takes a look at the state of the REIT sector. The report, a copy of which has been reviewed by ValueWalk, tries to estimate the potential […]
How Is Our Top Pick Freeport-McMoRan Doing?
Readers will remember that we chose Freeport-McMoRan as our top pick a couple of weeks ago, right before its share price exploded. Meantime, the stock has doubled in price, in a matter of weeks. Is it time to take profits? How much more upside is there? First, the daily chart shows that resistance is near. Based on […]
In Some Ways, It Has Always Been Forward
There is certainly not enough attention paid to the evolution of eurodollars and even less devoted to how it all started. In my analysis, those two facets are inseparable as the origins of the eurodollar space tell us a lot about how and why it became what it is. The Japanese, for instance, were being squeezed by […]
