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  • Finance 0

    Trump Trade Wars Commence: CAD Craters

    Trump Delays Funding For Mexican Border Wall It was a mixed morning for risk sentiment as news stories broke relating to the Trump administration. Firstly, supporting investor news sentiment, White House officials commented during an address on Monday night that the President would be willing to wait until later this year before sourcing funding to build the controversial wall along the Mexican border. This is being interpreted as a move that can hopefully avoid a government shutdown on Saturday. Previously, officials from the Trump administration as well as the President himself had suggested that they were seeking funding for the wall as pa...
    On April 25, 2017 / By
  • Finance 0

    Goldman Isn’t Sure How Many Times You’re Going To Ask, But “Yes,” They’re Still Bullish Commodities

    Goldman isn’t sure how many times they’re going to have to tell you to be patient on commodities, but they do know that as long as you persist in being skeptical, they’ll persist in sending you reminders. A couple of weeks ago, we noted that you’ll have to pry Goldman’s Overweight commodities thesis from their cold dead hands. See, “patience is working” and “reflation requires time,” so if you’ll just give it a goddamn minute, things will work out just fine. In reiterating that view earlier this month, the bank said the following (this was Bloomberg’s bullet point summary of the note excerpted in the post linked above...
    On April 25, 2017 / By
  • Finance 0

    Caterpillar, McDonalds Shares Surge After Smashing Estimates

    Dow component Caterpillar (CAT ) and McDonalds (MCD) are both spiking in the premarket after smashing expectations, in both cases reporting numbers above the highest Wall Street estimate. Confirming the rebound in global sales, its first up month since 2012, Caterpillar reported 1Q adjusted EPS $1.28, more than double the consensus estimate of 62c, on revenue of $9.82b, higher than the estimate of $9.27 billion, and above the highest Wall Street forecast of $9.59BN.That said, on a GAAP basis, EPS fell to $0.32 from $0.46 a year earlier. Despite the strong quarterly performance, in the first earnings statement since federal agents raided three...
    On April 25, 2017 / By
  • Finance 0

    Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Tuesday, April 25

    The forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.09160 Opening: 1.08672 Chg. % of the last day: -0.05 Daily range: 1.08502 – 1.08840 52-week range: 1.0366 – 1.1616 In the first round of the presidential elections in France, Emmanuel Macron won, what strengthened investors’ confidence. In the Asian trading session, the EUR/USD currency pair retained the local demand zone 1.08350-1.08600. The bullish sentiment prevails on the market. We are waiting for statistics from the USA. The MACD histogram is in the positive zone and continues to rise, indicating further EUR/USD growth. Stochastic...
    On April 25, 2017 / By
  • Finance 0

    Japan Outlook Past Golden Week–Show Me The Money

    We maintain our view that Japanese risk assets—equities and real estate—are on track for a multiyear structural bull market. 2017 is poised to bring a positive reversal of earnings momentum, with a pickup in top-line sales growth and a weaker currency capable of delivering 25% to 30% earnings growth (after last calendar year’s drop of around 8%).1 Given the relatively attractive valuation backdrop—TOPIX is trading at a modest discount to its 10-year averages on both trailing and forward price-to-earnings (P/E) multiples—the rising visibility of earnings is likely to be the principal driver of Japan’s market performance. In...
    On April 25, 2017 / By
  • Finance 0

    Limelight Networks, Inc. Shares Increase On Better Than Expected Earnings

    Limelight Networks, Inc. (LLNW), a global company that provides content delivery network services to deliver digital content over the Internet yesterday reported their first quarter 2017 financial results. Limelight reported a loss of $3.3 million in the first quarter. Limelight reported first quarter adjusted earnings of $0.02 per share which beat analyst expectations of breakeven. Limelight reported first quarter revenues of $44.7 million which beat analyst expectations of $43.4 million. Limelight Networks, Inc. CEO’s Comments “Our first quarter results were strong, and ahead of expectations. We have a clear strategy to deliver against...
    On April 25, 2017 / By
  • Finance 0

    The Coca-Cola Co. Misses On Earnings, Eli Lilly And Co. Beats Estimates

    Coca-Cola and Eli Lilly released their first quarter earnings reports before opening bell this morning. Coca-Cola reported adjusted earnings of 43 cents per share on $9.1 billion in revenue, compared to the analyst estimates of 44 cents per share and $8.9 billion in revenue. Eli Lilly posted adjusted earnings of 98 cents per share on $5.23 billion in revenue, compared to the analyst estimates of 96 cents per share and $5.3 billion in revenue. In the same quarter a year ago, the drug maker posted 83 cents per share on $4.87 billion in revenue. Coca-Cola’s earnings fall Coca-Cola posted net earnings of 27 cents per share, compared to 34 cents...
    On April 25, 2017 / By
  • Finance 0

    Morning Call For Tuesday, April 25

    OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 +0.17%) this morning are up +0.17% and European stocks are up +0.19% at a 20-month high on positive carry-over from Sunday’s presidential elections in France. The results of the election have reduced market uncertainty as pro-EU candidate Macron holds a substantial lead in the polls ahead of France’s May 7 runoff election against anti-EU candidate Le Pen for the French presidency. The easing of political risks in Europe has fueled a slide in the VIX volatility index to a 2-1/2 month low, which is supporting gains in equities. The markets will digest quarterly earnings results t...
    On April 25, 2017 / By
  • Finance 0

    It’s Tuesday And This Market “Sees No Demons”

    Well here we are on Tuesday, frozen in time as a whole lot of markets sit precariously close to knee-jerk, French election levels ahead of what’s being billed as a “bigly” unveil on taxes from the Trump administration. As you’ve undoubtedly heard, the President is basically going to come out and tell voters how “phenomenal” it’s going to be when he cuts taxes for individuals and lowers the corporate rate to 15%. Of course as Bloomberg writes this morning, “details will be left until later negotiations among congressional leaders and officials from Treasury.” Right. Which kinda makes it seem like this isn’t any different...
    On April 25, 2017 / By
  • Finance 0

    Rigs Or Mortis

    Crude oil prices are dead with rig-or mortis or the adding of oil rigs weigh on market sentiment. Shale producers are expected to continue leverage up to the hilt with some producing the type of oil that no one really wants with a hope that prices do not crash and drive them into bankruptcy. The confidence of the shale producers comes from OPEC which is astounding the world by adhering to production cuts. Yet despite the oil market weakening in for 6 days in a row, this bull market is far from over. Just a little over a year ago oil was at $26 a barrel and they were telling you it was going to $10. Then they told you that oil was in a new era...
    On April 25, 2017 / By