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    Nearly 100 Days In, Is Trump Any Closer To Fiscal Reform?

    This week I will be in Washington, D.C., attending Evercore ISI’s Energy Policy & Geopolitics Conference, where I will be visiting senior staff from the White House infrastructure team and House Energy and Commerce Committee. I will also be meeting with John Fagan, head of the Treasury Department’s Markets Room, and Robin Dunnigan, the Bureau of Energy Resource’s Deputy Assistant Secretary for Energy Diplomacy. Among the topics of discussion will include energy independence, legal and policy issues impacting the energy sector, tax reform and geopolitical risks in Syria, Russia and Iran. I want to extend my gratitude for this opportu...
    On April 25, 2017 / By
  • Finance 0

    US Home Prices Rise At The Fastest Pace Since July 2014

    While it is unclear if the Chinese, tired of fighting regulations in Canada, are behind the latest jump in home prices, today Case-Shiller reported that its index of Top 20 cities rose at a 5.9% annual rate, the highest increase since July 2014, citing tight supply and growing housing demand. The S&P CoreLogic Case-Shiller Index reported a 5.8% annual gain in February, up from 5.6% last month and posting a new 32-month high. The 10-City Composite posted a 5.2% annual increase, up from 5.0% the previous month. The broader 20-City Composite reported a year-over-year gain of 5.9%, up from 5.7% in January, higher than Wall Street expectations...
    On April 25, 2017 / By
  • Finance 0

    Crude: Day Nine

    On April 11th, we got our rock-solid, never-fail signal to short the oil market. Since then, every single trading day – nine consecutive, as of this writing – have been black candlesticks, in spite of an (insane) mega-rally going on with other assets. I think it was redvettes who brought my attention to the fact that besides the triple-bearish fund ERY (a favorite of mine, which I’ve written about often here on Slope), there was also a fund called DRIP which had broader coverage, less-focused on mega-caps like Exxon.  I was wondering if I was making a mistake sticking with ERY, but as the overlay below shows, they’re pretty much t...
    On April 25, 2017 / By
  • Finance 0

    Freeport-McMoRan Inc. Posts Mixed Q1 Earnings, Cuts Cash Flow Outlook

    Freeport-McMoRan Inc. (NYSE: FCX) Tuesday posted mixed first quarter earnings results and cut its full-year cash flow outlook, as it wrangles with persistently low prices for the metals it mines....
    On April 25, 2017 / By
  • Finance 0

    JetBlue (JBLU) Beats On Q1 Earnings

    JetBlue Airways Corporation (JBLU – Free Report) is a low-cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates primarily on point-to-point routes. It operates an average of 800 daily flights and carries more than 30 million customers annually to multiple destinations in the U.S., Caribbean, and Latin America. The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 4.55%. Zacks Rank: Currently, JetBlue has a Zacks Rank #3 (Hold) but that could change following the company’s earn...
    On April 25, 2017 / By
  • Finance 0

    E Market Briefing For Tuesday, April 25

    Perceptions of ‘reduced tail-risk’ fueled frantic fresh French frolicking; a pattern expected if Macron carried the day; with Le Pen behind; but others no-shows as polls suggested. Thus Hollande and opponents are compelled to support the leading centrist candidate; which truly makes it a fight over a two-week period. Early polls now suggest Macron will sweep over 60% but that doesn’t take into-account Le Pen’s effort to galvanize a broader base (a leaf she’s likely taking from Trump’s campaign playbook perhaps). While Macron’s dominance is an expected relief to most markets (since he supports maintain...
    On April 25, 2017 / By
  • Finance 0

    Day Trading Stock Picks For This Week – Tuesday, April 25

    FMSA Holdings (FMSA) Average day range (30) is 7.16% and average volume (30) is 6.6 million. Cliffs Natural Resources (CLF) Average day range (30) is 5.72% and average volume (30) is 16.1million. AK Steel (AKS) Average day range (30) is 5.69% and average volume (30) is 19.4 million. Whiting Petroleum (WLL) Average day range (30) is 5.08% and average volume (30) is 14.9 million. GNC Holdings (GNC) Average day range (30) is 5.05% and average volume (30) is 4.5 million. Oclaro (OCLR) Average day range (30) is 4.97% and average volume (30) is 11.1 million. Endo Pharmaceuticals (ENDP) Average day range (30) is 4.95% and average volume (30) is 7.4 ...
    On April 25, 2017 / By
  • Finance 0

    Biogen Inc. Q1 Profit And Revenue Blow Away Expectations

    Written by StockNews.com Biogen Inc. (Nasdaq: BIIB) early Tuesday posted market-beating first quarter earnings results, with revenues rising in most of its key drug segments. The Cambridge, MA-based biopharmaceuticals giant reported Q1: earnings per share (EPS) of $5.20, which was $0.22 better than the Wall Street consensus estimate of $4.98, revenues rose 3.1% from last year to $2.81 billion, also topping analysts’ view for $2.73 billion. Biogen also provided the following Q1 product revenue highlights for its various treatments: TECFIDERA – $958 million (+1% YoY) AVONEX – $537 million (-5% YoY) PLEGRIDY – $112 million (+5% YoY) TYS...
    On April 25, 2017 / By
  • Finance 0

    McDonald’s Corporation Beats Earnings, Lockheed Martin Corporation Comes Up Short

    McDonald’s and Lockheed Martin released their latest earnings reports before opening bell this morning. McDonald’s posted earnings of $1.47 per share on $5.7 billion in revenue, compared to Wall Street’s estimates of $1.34 per share and $5.5 billion in revenue. In last year’s first quarter, the fast food chain posted $5.9 billion in sales and $1.25 per share in earnings. Lockheed Martin reported earnings of $2.61 per share or $763 million on $11.1 billion in revenue, compared to the analyst estimates of 2.79 per share and $11.2 billion in sales. In last year’s first quarter, the defense contractor reported $2.61 per share or $806 mi...
    On April 25, 2017 / By
  • Finance 0

    E Top And Bottom Scoring Large Caps – Tuesday, April 25

    The best large cap sector is technology. The top scoring industry is scientific & technical instruments. The average large cap score is 63.13 and the average score over the past four weeks is 61.85. The typical large cap stock in our coverage is trading -11.07% below its 52 week high, 3.29% above its 200 dma, has 4.27 days to cover held short, and is expected to grow EPS by 13.36% next year. The top large cap sector is technology. Industrials, healthcare, and utilities also score above average. Financials, services, consumer goods, and basics score below average. ?The following large cap stocks score best and worst this week. The followin...
    On April 25, 2017 / By