Wholesale and retail inventories both declined in October according to the Census Bureau Advance Indicators report. Census Bureau Advance Inventory Numbers Chart excerpted from the Census Bureau Advance Indicators report. The inventory numbers are likely to reduce fourth-quarter GDP estimates slightly....
Wholesale and retail inventories both declined in October according to the Census Bureau Advance Indicators report. Census Bureau Advance Inventory Numbers Chart excerpted from the Census Bureau Advance Indicators report. The inventory numbers are likely to reduce fourth-quarter GDP estimates slightly....
Today the Richmond Fed Manufacturing Composite Index was at 30 for the month of November, up from last month’s 12. Investing.com had forecast 14. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 20.3, which indicates expansion. The complete data series behind today’s Richmond Fed manufacturing report, which dates from November 1993, is available here. Here is a snapshot of the complete Richmond Fed Manufacturing Composite series. Here is the latest Richmond Fed manufacturing overview. Manufacturing firms reported robust growth in November...
The Chart of the Day belongs to Valhi (VHI). Since the Trend Spotter signaled a buy in 10/2 the stock gained 140.45%. Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management and titanium metals industries. These subsidiaries and affiliates are NL Industries, Inc., CompX International Inc., Waste Control Specialists LLC, and Titanium Metal Corporation. Barchart technical indicators: 181.08+ Weighted Alpha 100% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 12 new highs and up 63.75% in the last month R...
After the drug pricing issue crippled its performance last year, the drug/biotech industry, except for a small correction recently, has witnessed a turnaround this year. Stocks with large market cap have done particularly well. After declining 5.2% last year, the Large Cap Pharma industry has risen 15.3% this year so far with a number of things going in its favor. Strong quarterly results, new product sales ramp up with rising demand, successful innovation, and product line expansion, strong clinical study results, more frequent FDA approvals and continued strong performance of legacy products played a pivotal role in bringing the large-cap...
Yield Curve Flattening The biggest story in finance, besides the hyperbolic rise in bitcoin, is the flattening of the yield curve. It shouldn’t be a surprise that the yield curve is flattening because it generally flattens during expansions. The two reasons why it is a big story are because investors are hyper focused on when this bull market will end because it is closing in on becoming the longest one ever and because the yield curve has exited the one year period where it was stable. The sand time keeper that is the yield curve was temporarily turned on its head before the sand ran out. Besides the fact that this might be the longest eco...
French international investor and “Fund Manager Lifetime Achievement” award winner Jean Marie Eveillard helms the $44.72 billion First Eagle Investment Management LLC. According to the fund’s recent disclosure with SEC, it has made several tweaks to its portfolio in the third quarter. Eveillard initiated a bullish bet on data storage company Western Digital Corp (Nasdaq: WDC) and Texas Instruments Incorporated (Nasdaq: TXN) while reigning in the fund’s positions in Seagate Technology PLC (Nasdaq: STX). Mr. Jean Marie Eveillard started his career in 1962 with Societe Generale. He then relocated to the United States where he...
A discussion about the start of the holiday shopping season and the US consumer, as well as what corporate tax reform could mean for the industry, and what companies might do with those savings. Audio Length: 00:43:06...