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  • Finance 0

    Titillating Tax Tease

    It goes without saying that what has transpired in the market recently has bugged me. Once again, it seems that a wallet stuff full of cash was resting on the boardwalk deck, and as we bears bent to grab it, a kid behind a corner yanked on the string and the wallet was gone. Allow me to illustrate by way of the Russell 2000, which only last week looked beautifully poised to enter into a hellstorm of drop-i-tude: And then, suddenly, based on the most-widely-expected result of a first round of an election from a country that was a superpower of the late 18th century but, let’s face it, really doesn’t mean much to U.S. corporate earnin...
    On April 26, 2017 / By
  • Finance 0

    E Mid Cap Best And Worst – Wednesday, April 26

    The best mid cap sector is technology. The top mid cap industry is medical instruments. The average score for mid cap stocks in our universe is 61.39 and over the past four weeks, the score has averaged 58.80. The average mid cap stock in our universe is trading -13.98% below its 52 week high, 3.75% above its 200 dma, has 6.19 days to cover held short, and is expected to grow EPS by 17.1% next year. Technology, industrials, utilities and healthcare are the strongest scoring mid cap sectors. Services score in line. Consumer, financials and basics score below average. The following stocks score best and worst in mid cap this week. The next char...
    On April 26, 2017 / By
  • Finance 0

    Norfolk Southern Posts Record Q1 Operating Ratio

    Norfolk Southern Corp. (NYSE: NSC) early Wednesday posted better than expected first quarter earnings results, amid a record Q1 operating ratio and railway income....
    On April 26, 2017 / By
  • Finance 0

    S&P 500; Dangerous Place To Run Out Of Gas

    Could the “Weekly Closing Highs and Lows” of last year, be impacting stock prices in 2017? The Power of the Pattern thinks so! Below looks at the S&P 500 over the past couple of years. where we applied Fibonacci to the “Weekly Closing Highs and Lows” of last year. The S&P 500 ran into the 161% extension level at (2) and it stopped on a dime, at the end of February. Following a small decline, the rally the past two weeks has it testing the underside of the 161% level (238) again at (3). This test of resistance/kiss of resistance is taking place as the “weak” seasonal time of the year, historically starts next week. Bulls w...
    On April 26, 2017 / By
  • Finance 0

    The Global Systemically Important Banks: An Update

    “The large global banks were at the heart of the global financial crisis. In response to the crisis, the international Financial Stability Forum was upgraded to the Financial Stability Board (FSB) in 2009, with the full participation of finance ministers and even heads of government. The newly established FSB then published an integrated set of policy measures, such as capital surcharges and resolution plans, to address the systemic and moral hazard risks associated with global systemically important banks (G-SIBs). Eight years later, it is time to take stock of the impact of these measures. We answer three questions on what happened to...
    On April 26, 2017 / By
  • Finance 0

    GBP/JPY Strong Bullish Zig Zag Pattern

    The GBP/JPY has been bought on dips after Macron won the first round of French elections. Our Session Recap setup went as expected and now we see a continuation. Equities went bullish and GBP/JPY followed, reaching 143.00 zone. At this point, we see a huge MACD divergence which might drop the pair towards POC zone. POC 141.60-90 (D L3, ATR low, trend line, 50.0) could spike the price towards 142.50, 143.00 and 143.80. If we don’t see an entry within POC zone watch for 4h close above 143.30. That should also be a sign for continuation towards above-mentioned targets. W L3 – Weekly Camarilla Pivot (Weekly Interim Support) W H3 – W...
    On April 26, 2017 / By
  • Finance 0

    Euro, Yen Are Primed For BoJ, ECB Rate Decisions

    The second half of this week’s calendar picks up considerably as we get rate decisions from the Bank of Japan on Thursday morning in Tokyo, followed by a European Central Bank meeting that kicks off a bit later in the day. Both Central Banks are dealing with similar issues right now, albeit on far different time-lines, as investors are looking for any clues that they might be able to gleam in the effort of finding out when each Central Bank is going to start to slow-down the massive monetary purchases that have driven each bank’s monetary policy for the past few years. EUR/USD Sets Fresh 5-Month High Ahead of ECB In Europe, we’ve alrea...
    On April 26, 2017 / By
  • Finance 0

    Floor & Decor Sets Terms For Strong IPO

    Floor & Decor (Pending:FND), a hard surface accessories and flooring retailer, has filed terms for its upcoming IPO. The company expects to raise $150M through the offer of 8.8 million shares at an expected price range of $16 to $18. Assuming Floor & Decor prices at the midpoint of the proposed price range, it would have a market cap value of $1.7B and trade at a price/sales ratio of 1.44x. The IPO is expected for Thursday, April 27. Underwriters for the IPO include: BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank, Goldman Sachs, Jefferies, Piper Jaffray, Wells Fargo Securities, Houlihan Lokey. Company Overview Floor...
    On April 26, 2017 / By
  • Finance 0

    Tim Hortons/Burger King Parent Reports US$1 Billion Q1 Revenue, Beating Estimates

    The owner of Tim Hortons and Burger King (Restaurant Brands International Inc. (NYSE:QSR) is reporting flat sales at its established locations in the first quarter but a 9% increase in revenue, which was above analyst estimates. BNN.ca QSR says: comparable sales at locations open at least a year were down one-tenth of a per cent at both chains, after adjusting for currency fluctuations. net income, reported in U.S. dollars, was also flat compared with a year ago, at US$50.2 million or 21 cents per share… overall revenue increased by $82.1 million to about US$1 billion – about three-quarters of it from Tim Hortons – and adjusted e...
    On April 26, 2017 / By
  • Finance 0

    Busy Days For EUR/USD With Macron, Trump, The ECB And GDP

    The last week of April began with a leap for EUR/USD on the favorable outcome of the French elections, but it is far from over. Trump’s taxes are causing troubles for Canada, but will they lift the US economy? Markets are bracing themselves for big events. The ECB decision mixes some worries about inflation with quiet optimism about France while the US GDP report is a mystery given the mixed data. Wrap up of the morning show for April 26th 2017: Video length: 00:05:06  ...
    On April 26, 2017 / By