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Target’s Struggles Go Beyond Weak Consumer Spending
Photo Credit: Mike Mozart Target Corp. (TGT) Consumer Discretionary – Multiline Retail | Reports May 18, Before Market Opens Key Takeaways The Estimize consensus is looking for earnings per share of $1.21 on $16.35 billion in revenue, 1 cent higher than Wall Street on the bottom line Digital sales continue to be a focus for Target, growing 34% last quarter alone. The sales of its pharmacy business to CVS will alleviate some pressure on Target’s gross margins What are you expecting for TGT? Get your estimate in here! Discount retailer, Target, is scheduled to report first quarter earnings this Wednesday, before the market opens. Ta... -
Finance 0
The ‘Tide’ Has Turned…Negative For Stocks
Currently, a ‘sharp fall’ is now anticipated within the equity markets! This decline will be accompanied with ‘new volatility’. There is a great deal of ‘uncertainty ‘within the U.S. markets. Currently, we are viewing a ‘textbook’ ‘head and shoulders pattern’ in the SPX and is going to be a big inflection point we look back on months from now. There are less and less stocks that are participating in the recent move upwards which suggest a technical breakdown is likely to happen. The ‘cycles’ of the SPX have recently confirmed that we have now witnessed the ‘highs’. The ‘top’ is currently in place and I expect... -
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Junior Gold Mines Will Blow Your Mind As Global Elite Screams: ‘Buy Gold’
The global elite has a message for you and it’s crystal clear: ‘Buy Gold’. It’s a big U-turn and nobody saw it coming. A year ago gold was a barbaric relic, a useless metal. Buying gold was only for fools who believed the world would end. But now, big names are endorsing gold as the new place-to-be. And rich people are putting their money where their mouth is. In Q1 2016 gold-ETF’s saw the biggest money transfers into ETF’s since Q1 2009. It’s not a coincidence Q1 2009 was the start of the biggest gold rally this century. Stan Druckenmiller is very negative for stocks but he is loading up his truck with gold. Kenneth Rogoff is r... -
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Credit Induced Bounce Or Something More?
Commodities prices have staged a nice bounce. We have been long in our Key Market Strategies service and captured some decent gains. Our target for oil (WTI) has been 50.88 on oil for some time; we are getting close and seeing some waning in momentum as oil tests its first swing high level at 48.28; next swing comes in at 50.92 [just 4 cents above our 50.00 target achieved as Wave A=C]. Lots of bullish sentiment growing here…hmmm… Gold has made a nice move and many expect gold to continue to rally if stocks come off. We are skeptical. We expect gold to play its usual role and fall along with commodities on a major risk off event.... -
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More Obama Job Distortions Coming Up: Overtime Pay Threshold Doubled
Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it. Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year. The Labor Department estimates the ruling will affect 4.2 million workers. Please consider Obama Administration Extends Overtime Pay to Millions. Millions more Americans are set to qualify for overtime pay under a final Labor Department regulation, in what could be President Barack Obama’s last big push to shore up workers’ wages. The threshold will be... -
Finance 0
Charts Of Interest – May 17, 2016
Here are a few of the charts that currently have my attention. 1) The Canadian Dollar (C$). The C$ usually trends with commodity prices, so the owners of commodity-related investments should view the C$’s recent performance as a warning shot. 2) The Dow Trucking Index. The huge rebound in this index from its January low is a little strange given the evidence that the trucking industry is in a recession that is a long way from complete. 3) The gold/GYX ratio (gold relative to industrial metals). This ratio is a boom-bust indicator and an indicator of financial crisis. In January of this year it got almost as high as its 2009 peak (its al... -
Finance 0
E DraftDay: The Only Publicly Traded Option In A Multi Billion Dollar US Industry
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. The Fantasy Sports Trade Association estimate that during 2015, 56.8 million US individuals spent an average of $465 on fantasy sports participation. From player deposits alone, this puts the size of the industry in the US at $26.4 billion. Look at some of the leading players in the space, and their lists of corporate investors are full of household name brands. Twenty-First Century Fox Inc (Nasdaq: FOX), the NHL, MLB and Kraft Foods Group Inc (Nasdaq: KHC) all hold sizeable stakes in DraftKings.... -
Finance 0
Illusion Of Growth
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 180 = 17,529 SPX – 19 = 2047 NAS – 59 = 4715 10 Y + .01 = 1.76% OIL + .78 = 48.50 GOLD + 5.10 = 1280.10 One day up, one day down. If you can spot a trend, give yourself a pat on the back. Prices at the retail level increased in April at the fast pace in more than 3 years. The CPI, or consumer price index, rose a seasonally adjusted 0.4% last month. Americans paid more for medical care, food, recreation, tobacco, motor vehicle insurance, airline fares and grooming. Much of the recent increase has been driven by higher oil prices. A spike in gas pus... -
Finance 0
USDCHF Targets Further Bullishness On Bull Pressure
USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level. On the upside, resistance resides at the 0.9850 level where a break will clear the way for more strength to occur towards the 0.9900 level. Further out, resistance comes in at the 0.9950 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside on price strength. ... -
Finance 0
Recent Trade Facebook
We enjoyed a 2% gain within a couple of trading days. We sold Facebook (FB) shares short due to the stock charts sending us bearish signals. We booked a quick profit because the QQQ’s were showing strength. We are looking to sell Facebook shares short once again but we need to break support. We are also looking to buy shares of Macy’s (M) which are currently oversold. I give a brief overview of the daily stock chart in today’s commentary on Facebook....
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