E The Bad News Bears
Today we hear from bad news bears around the world. Reuters writes on the financial sector: “Market volatility increased trading revenue at major banks in Q3, but not enough to make up for a decrease in [H1]2014, according to an industry survey. [But] revenue for the top 10 international investment banks reached $36.5 bn in Q3, […]
A Data Breach, Stronger Dollar And Offensive Merchandise All To Blame For Tepid Retail Reports This Week
After yesterday’s closing bell, Urban Outfitters (URBN) showed they are still struggling to attract shoppers at its namesake stores. Earnings per share for the third quarter came in at a lousy $0.35, $0.10 lower than the Estimize consensus, showing a decline of 26% YoY. Record revenues for the quarter also slightly missed the consensus, reporting $814.5M vs. expectations […]
An “Owner’s Manual” For A Successful Life
Source: flickr Dear Diary, The Dow rose 13 points yesterday. Gold jumped $18.40 to settle at $1,201.90. Nothing to get too excited about. So we return to “The Secret of Success.” The Battle of Rorke’s Drift was either a triumph for Western civilization or a bloody disaster, depending on how you look at it. The battle […]
S&P 500 Hits Goldman Sachs Year-End 2,050 Target
It’s been quite a year for David Kostin and his flip-flopping Goldman equity strategy team. From a modest 1,900 year-end target in January (reached in May) to warning stocks are 30-45% overvalued in January to projecting the S&P 500 will reach 2,050 by year-end in July…Mission Accomplished today, 6 weeks early. Now what? Mission Accomplished… warning stocks are 30-45% overvalued in […]
Credit Suisse Analyst Michael Slifirski: New Non-Chinese Graphite And Vanadium Supply Could Create New Demand
More may really be better for end users and mining companies when it comes to graphite. Credit Suisse Analyst Michael Slifirski sees something a lot bigger than a zero-sum game in minerals. In this interview with The Mining Report, he explains how a steady source of graphite and vanadium from outside China could create whole new markets […]
TJX Companies Posts In-Line Q3 Earnings, Tightens FY View
The TJX Companies, Inc. (TJX – Analyst Report) reported earnings of 85 cents per share in the third quarter of fiscal 2015, in line with the Zacks Consensus Estimate. Earnings were ahead of the year-ago results by 13% backed by higher consumer traffic, improved margins and solid comparable-store sales growth in the consecutive months. The Tjx Companies […]
E Stock Market Party Over: Who’s Driving Home?
The DOW is up 25 straight days in a row. The DOW party has now moved from the apartment to the rooftop. The party is ending it’s 3:00am and the investors that are buying now are drunk on the ledges and an accident is just waiting to happen. This is the opportunity to be a […]
CytRx Announces Partial Clinical Hold On Main Drug – Big Buying Opportunity For Investors
Shares of CytRx Corporation (CYTR) fell as low as 10% on the day as the company received notice that the FDA would place a partial clinical hold on its Aldoxorubicin drug, which is being used in patients with multiple types of cancer. This type of news has brought the share price down for CytRx today, but it […]
JDST Tankage
In other news, gold stock bulls to bears… ‘how you like me now sukkah?’ Of course, the bounce was highly readable in something approximating real time. Anyone who did not take JDST profits has now imploded. These 3X joyrides go both ways. Separately, we are managing the bounce quite nicely. I sold GDXJ a little while […]
A Yield Play Without Any Yield?
On Friday a recently launched IPO fell about 15% on an earnings report that was poorly received by markets leaving the stock down 39% since its first day of trading in June. Naming names becomes difficult for compliance reasons but as a hint it is an infrastructure name and you would probably need to read […]
