Durable Goods Improved In October 2014. The Internals Again Were Not Good – Expectations Were Mixed
The headlines say the durable goods new orders improved. Our analysis agrees – and if you ignore defense aircraft, durable goods were again very soft month-over-month. Econintersect Analysis: unadjusted new orders growth accelerated 0.3% (after decelerating a revised 2.1% the previous month) month-over-month , but is up 5.4% year-over-year. the three month rolling average for unadjusted new orders decelerated 10.6% month-over-month, and up 5.9% […]
OPEC’s Prisoner’s Dilemma
In the middle of November, the CEO of Vodafone (ADR) Vittorio Colao warned of a “prisoner’s dilemma” in the efforts to offer bundled television and broadband services. It makes sense for a company to seek unique content to differentiate it from others. However, if all the providers try to secure exclusive content, it triggers an arms […]
Astro-Med Reports Strong Results For Third Quarter Fiscal 2015; Board Of Directors Declares Regular Cash Dividend
Net Sales of $23.1 Million, Up 27.3% from Q3 FY 2014 Gross Margin of 43.9%, Up 340 Basis Points from Q3 FY 2014 Operating Margin of 11.1%, Up 460 Basis Points from Q3 FY 2014 Diluted EPS of $0.20, Up from $0.14 in Q3 FY 2014 Company Completes Integration of Miltope Acquisition WEST WARWICK, R.I.–(BUSINESS […]
What, Me Worry Wednesday – Thanksgiving Edition
Let’s not worry. We’re in the midst of a fantastic bull run so why ruin it with rational thinking? Barry Ritholtz used to be a rational guy but now he shills for Bloomberg (#8 on the Forbes 400 with $35Bn) and posts things like “Current Dow rally below average in both duration and magnitude” in […]
Dow Theory “Breakouts” To Be Thankful For
CLICK ON CHART TO ENLARGE What are you “Thankful For?” This is a great time of year to count our blessings and become more aware of things we should be thankful for. I am thankful for many things, too many to list and bore you with right now. When it comes to Thank You’s […]
Estimating US Recession Risk Isn’t Getting Any Easier
Clarity is a virtue when it comes to the business cycle. It’s also unusual. The US is an exception, or at least it has been, according to Scott Sumner, an economist at Bentley University and a prolific blogger on macro matters. “The US has a really weird economy,” he writes. “All our recessions are 100% clear-cut. Either […]
E Mid Cap Best And Worst Report – November 26, 2014
Since 2010, the best scoring names in our weekly mid cap reports have outpaced the S&P 400 by a median 4.07% in the following year. The best performers from our list from 1 year ago are ILMN up 87%, KNX up 81%, LVLT up 66%, ALXN up 58%, and AMED up 54%. The best mid […]
Morning Call For November 26, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.07%) this morning are up +0.11% and European stocks are up +0.27% ahead of U.S. data on Oct personal spending and Oct durable goods orders. EUR/USD is weaker and the yields on European government bonds fell to record lows on the prospects of further easing by the ECB. […]
“Failed” Bund Auction At Record Low Yield And All Other Key Overnight Events
While there has been no global economic outlook cut today, or no further pre-revision hints of “decoupling” by the apartchiks at the US Bureau of Economic Analysis, both European and US equities are pointing at a higher open, because – you guessed it – there were more “suggestions” of “imminent” QE by a central bank, […]
