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  • Finance 0

    International Business Machines Corp. 3Q 2017 Earnings Send Shares Higher

    IBM 3Q 2017 earnings were released after closing bell, and the company posted non-GAAP earnings of $3.30 per share on $19.2 billion in sales, compared to the consensus estimates of $3.28 per share in adjusted earnings on $18.57 billion in revenue. In the year-ago quarter, the company reported adjusted earnings of $3.29 per share on $19.23 billion in sales. On a GAAP basis, IBM 3Q 2017 earnings fell 2% year over year to $2.92 per share. The company’s key focus segment is its Strategic Imperatives business, and the segment’s revenue rose 11% year over year to $8.8 billion. Over the trailing 12 months, Strategic Imperatives revenue has gro...
    On October 17, 2017 / By
  • Finance 0

    Profit From U.S. Manufacturing With These 5 Terrific Stocks

    In the latest sign that U.S. manufacturing is in fine fettle, the New York Federal Reserve’s Empire State manufacturing index hit its highest level in three years during the month of October. A raft of recently released data also serves to indicate that the manufacturing sector has performed particularly well this year. The reasons for the boom in the sector are not hard to seek. The Trump administration’s pro-business approach along with an improvement in key economies across the world has created a positive atmosphere for the industry. This is why it makes great sense to invest in manufacturing stocks, especially because these stocks ha...
    On October 17, 2017 / By
  • Finance 0

    Peso Surges After NAFTA Ministers Announce Extension Of Talks Beyond Year-End Deadline

    Following earlier reports that Canada and Mexico would push back on and “firmly reject” Trump’s Nafta demands, moments ago the Mexican Peso surged by 1.5%, the most in 4 months, after Nafta negotiators announced they had successfully completed the 4th round of talks and agreed to extend negotiations past the year-end deadline.The optimism came despite US trade rep Lighthizer’s charge that Mexico and Canada have refused to improve the Nafta text. NAFTA MINISTERS SAY MEXICO TO HOST ROUND 5 NOVEMBER 17-21 NAFTA MINISTERS EXTEND PERIOD BETWEEN ROUND 4 AND ROUND 5 NAFTA MINISTERS SAY NEW PROPOSALS HAVE CREATED CHALLENGES...
    On October 17, 2017 / By
  • Finance 0

    Introduction To Silver Viper Minerals – Exploration Focused In Mexico

    TM Editors’ Note: This discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.   (Audio length 00:08:00) Silver Viper Minerals (TSX.V: VIPR) is a newly listed exploration company focused on the Clemente Project in Sonora State, Mexico. Steve Cope, CEO of Silver Viper joins me to provide an overview of the project and drilling that is underway. Again this is a very new Company but one that I think you should be watching. Here are some notes to consider. Tight share structure of just over 42.7 million shares outstanding. Management holds a large percentage of shares. Cash in the ban...
    On October 17, 2017 / By
  • Finance 0

    Ichor – Chart Of The Day

    Ichor Holdings, Ltd. (ICHR) is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, United States. The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report. Barchart technical indicators:   226.41+ Weighted Alpha 96...
    On October 17, 2017 / By
  • Finance 0

    The Big Four Economic Indicators: Industrial Production Up 0.3% In September

    Note: This commentary has been updated to incorporate the September data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are: Nonfarm Employment Industrial Production Real Retail Sales Real Personal Income (excluding Transfer Receipts) The Latest...
    On October 17, 2017 / By
  • Finance 0

    Good Job, Fed! Monetary Stimulus And The 0.0001%

    In April 2007 the approximate size of the Fed’s balance sheet was $800 billion, meaning that over the last decade it ballooned by 5X to $4.4 trillion. This was supposed to “stimulate” the main street economy, but once again today we got some “in-coming data” that said essentially nuts to that. We are referring to the monthly industrial production index for September that the near-sighted financial press greeted as a modest but welcome rebound (o.3%) from last month’s hurricanes which came, well, in hurricane season. Actually, we saw something considerably more salient. To wit, the overall index came...
    On October 17, 2017 / By
  • Finance 0

    Broader Slowing In IP

    Industrial Production rose 1.6% year-over-year in September 2017. That’s up from 1.2% growth in August, both months perhaps affected to some degree by hurricanes. The lack of growth and momentum, however, clearly predated the storms. The seasonally-adjusted index for IP peaked in April 2017, and has been lower ever since. This pattern, the disappointment this year is one we see replicated nearly everywhere on both sides (supply as well as demand) of the global economic equation. To further emphasize the non-weather nature of recent weakness, the Federal Reserve revised lower estimates for both July and August. The initial index value produc...
    On October 17, 2017 / By
  • Finance 0

    Weather Fakes Out Natural Gas Traders

    Natural gas prices continue to be predominantly driven by weather, which we saw again today as afternoon weather model guidance heavily reversed prices. We have seen weather models seem to drive price action within a broad range the last two days as prices have attempted (and failed) to break out both upwards and downwards. This comes as we have been watching to see if cold arriving in the medium-range will have much staying power into the long-range. Our Afternoon discussion yesterday to clients highlighted why we saw prices likely remaining within a general range from $2.88/$2.92-$3.02 today, which they did as they bounced off $3.02 resista...
    On October 17, 2017 / By
  • Finance 0

    Peso, Loonie Spike After NAFTA Discussions End With “Success”… Delay Until 2018

    NAFTA negotiators said they “successfully completed” Round 4 of their discussions… adding that talks will be extended past the end-2107 deadline (odd definition of success?). Nevertheless, this seems to have appeased the FX markets as both the peso and loonie are spiking… *NAFTA NEGOTIATORS SAY THEY SUCCESSFULLY COMPLETED ROUND 4 *NAFTA MINISTERS SAY MEXICO TO HOST ROUND 5 NOVEMBER 17-21 *NAFTA MINISTERS EXTEND PERIOD BETWEEN ROUND 4 AND ROUND 5 *NAFTA MINISTERS SAY NEW PROPOSALS HAVE CREATED CHALLENGES, GAPS *FREELAND: NAFTA HAS BEEN GOOD FOR MILLIONS IN ALL THREE NATIONS *NAFTA MINISTERS SAY MORE ROUNDS TO BE SCHED...
    On October 17, 2017 / By