Target Beats Earnings Estimates, Stock Up 2% In Premarket
Shares of Target Corporation (NYSE:TGT) are rallying, up 2% in premarket, after delivering first quarter earnings this morning that beat analysts’ estimates. For the first quarter, Target posted earnings per share of $1.10 on revenue of $17.12 billion. Analysts polled were looking for earnings come show up around earnings per share of $1.03 on revenue of […]
Chicago Fed Nat’l Activity Index: April 2015 Preview
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to slip a bit deeper into negative territory in the April update that’s scheduled for tomorrow (May 21), based on The Capital Spectator’s median point forecast for several econometric estimates. The projection for -0.31 is slightly below the -0.27 reading for March, […]
Morgan Stanley Is No Longer Bullish On Chinese Stocks
Just like BNP Paribas Investment Partners, Morgan Stanley is no longer bullish on the Chinese stock market. Jonathan Garner, chief Asia & emerging market strategist at Morgan Stanley, has downgraded Chinese stocks for the first time in over 7 years, mostly referring to the weakest corporate earnings figures since 2009. BNP Paribas had indicated earlier that […]
Urban Outfitters Stock Plummets 17% On Earnings Miss
Apparel retailer Urban Outfitters (NASDAQ: URBN) plummeted almost 17% in trading on Tuesday, May 19 after the company posted disappointing first quarter earnings. Prior to its Q1 results, investors were starting to gain hope in Urban Outfitters as its sales for the company’s name brand were beginning to pick up after three quarters of profit declines. […]
The Stock Whisper Of The Day: RSX, PBR
The stock whisper of the day is: RSX, PBR Video length: 00:03:52
Wednesday: Japan GDP Not Strong Enough – Now What?
Japan grew 0.6% in Q1. That’s a 2.4% annualized growth rate but, of course, that’s priced in Yen, which are down 14.8% since last year so, in fact, Japan’s economy, in Dollar terms, is losing 12.4% from last year. This is not the headline you’ll hear in the MSM though, where the overwhelming message is […]
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 […]
