More Great Basing
“Only put off until tomorrow what you are willing to die having left undone.” –Pablo Picasso Not a bad day in the wake of a round of cowardly terror acts in Brussels this morning. My thoughts go out to those affected as always. My travel plans have changed so tomorrow there will most likely not […]
Gains For Tech, Indecision Elsewhere
Not a whole lot to say about today. Nasdaq and Nasdaq 100 had the best of the action with further gains bringing these indices closer to their 200-day MAs. Gains and buying volume were modest, so there is little more to add other than today marked the fifth consecutive gain in a row for the […]
Apple Announces Smaller Gear But Stays Strong On Encryption
(Video length 00:05:41) Shelly Palmer talks about Apple’s new iPhone SE, iPad, Apple Watch and other new offerings as well as the Apple encryption issue with Errol Barnett on CNN Newsroom.
AutoZone Authorizes Additional Stock Repurchase
MEMPHIS, Tenn., March 22, 2016 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $750 million of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of […]
S&P 500 Snapshot: Five-Day Rally Ends With A Fractional Loss
The Brussels terrorist attack had surprisingly little impact on equity markets. The Euro STOXX 50 traded in a relatively narrow range and closed with a fractional 0.08% gain. The S&P 500 opened in the shallow red and sold off to its -0.54% intraday low about 20 minutes later. The index then traded higher in a […]
4 Restaurant Stocks Crushing Chipotle So Far In 2016
Chipotle Mexican Grill, Inc. (CMG – Analyst Report) was once the darling of Wall Street with revenues showing a phenomenal CAGR of more than 23% (till 2014), since it went public. This stunning performance was supported by solid comparable restaurant sales (comps) growth. However, the Colorado-based fast casual restaurant fell from grace toward 2015-end, as a series of […]
Market Talk March 22, 2016
Shortly after the European open news broke of the Belgium terror attacks and we saw the usual flight to quality. Treasuries rallied, as did Gold and the US Dollar while stocks fell and in particular airlines and travel companies. At one stage we saw the DAX down over -1.5% with CAC, IBEX and FTSE not […]
Is “Saving More Money” Always The Cure?
Wall Street’s remedy for fixing whatever problems that afflict your investment portfolio is simple: “Save more money.” And if you happen to be among the godforsaken group that always manages to have unsatisfactory investment results, regardless of whether the pesky stock market is up or down, Wall Street’s solution is invariably the same: You need to “save […]
Gold Daily And Silver Weekly Charts – Nothing Has Changed
Just the usual nonsense from these jokers today. The box scores are all in the reports below. Not one thing has changed, except we are in a period of extended shenanigans as the pros attempt to push more bad paper out to the public before things take a turn down again. You will forgive the […]
Crude Drops On Yuuge Inventory Build
Overall crude inventories rose for the 6th week in a row according to API. Despite draws in Gasoline, Distillates, and Cushing; Crude inventories surged 8.8mm barrels – the 2nd biggest weekly build in a year. API, according to RTRS: Crude +8.796mm Cushing -1.37mm (confirming Genscape’s data) Gasoline -4.3mm Distillates -391k This was a big draw in […]
