Google, aka Alphabet, reported Q2 earnings that beat on the top and bottom line, reporting EPS of $5.01, above the estimate of $4.45, and earnings per share excluding the $2.7 billion European Commiss...
The market found another dip that it could not resist buying today, AND Buy It DID! SPX is still dealing with negative breadth in the overall market, but it is improving, and the TICK readings are i...
Taking A Big Step Back The expression “the market needs to consolidate its gains” applies to all timeframes, from 60 minutes to 60 years. The chart below shows the NYSE Composite consolidating bet...
Photo Credit: Dave Center Domino’s Pizza Inc. (DPZ) Releasing 7/25/17 BMO The Estimize consensus calls for EPS of $1.25, three cents higher than the Wall Street consensus. Currently, the Estimize c...
The July round of flash manufacturing PMIs showed a slight but important rebound in the “global flash manufacturing PMI” (an indicator we put together based on the Markit readings). Our da...
Mayor de Blasio and Uber may have reached a truce, but the battle between the sharing economy complex and the groups threatened by it will continue. City councils, presidential candidates, corporation...
The wind down to the end of the second quarter is not going very well. Existing home sales in June fell 1.8% to a seasonally adjusted annualized rate of 5.52 million. The Econoday consensus estimate...
Shares of Goldman Sachs (GS) are sliding after UBS analyst Brennan Hawken downgraded the stock to Neutral as he has “limited confidence” in a revenue recovery. Last week, his peer at Keefe...
Many asset managers have been bullish European shares this year. European and emerging market equities are among the favorite plays this year. Surveys of fund managers find that the allocation to US ...