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Is Home Depot’s Strong Quarter A Good Sign For Lowe’s?
Photo Credit: Mike Mozart Lowe’s Companies Inc. (LOW) Consumer Discretionary – Specialty Retail | Reports May 18, Before Market Opens Key Takeaways The Estimize consensus is looking for earnings of 85 cents per share on $14.84 billion, 1 cent higher than Wall Street on the bottom line and $20 million on the top Lowe’s continues to make strategic acquisitions to further its stance as a leader in home improvement merchandise The company recently took over 12 former Target Canada locations due to the success they have seen in throughout the country What are you expecting for LOW? Get your estimate in here! Home improvement retailer... -
Finance 0
Sell These 3 Popular Dividend Stocks About To Cut Yields
Over the past six weeks, I have made presentations at several investor conferences. One of the benefits I receive at these conferences comes from watching the presentations of other invited experts and learning from them. One such presentation that I learned a great deal from was a candid talk by Main Street Capital Corporation (NYSE: MAIN) CEO Vince Foster. It completely changed my outlook for one type of high-yield stock. Main Street Capital is a business development company (BDC). There are about 40 publicly traded BDCs and almost all sport high dividend yields. The primary business of a BDC is to lend money to small and mid-sized corpor... -
Finance 0
From Record Highs To Equity Exodus Amid Rising Global Risks
Ostensibly, US markets are not far from their all-time highs. And yet, the most watched market indices reflect extraordinary unease about the US economy. For now, major observers acknowledge that US equities have failed to reach new heights and US economy does not reflect consumer and business confidence. Nevertheless, they continue to believe that global yield curves, which are perceived as the most powerful predictors of business-cycle fluctuations, do not yet suggest the coming of a global recession. Market veterans quote the old adage, “sell in May and go away,” but the current disquiet is not just seasonal. It reflects deeper concern... -
Finance 0
Biotechnology Close To A Major Breakdown Level
It is getting hot in the U.S. stock market, as new trends are developing going into the summer. Our key theme in the last couple of weeks is that markets are currently trendless, as explained here and here. New trends are developing as we speak, but the market will take its time, so don’t try to anticipate markets, as that could be very costly. As markets are looking to develop new trends, some specific segments coming close to breakdown levels. One such example is biotechnology. The IBB chart, representing the biotech sector, is clearly close to breaking down. As seen on the chart, the index is currently trading at 259 points, which i... -
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Without Recovery There Is Every Need To Examine The Worst Case
There is a great deal that is wrong with mainstream economic commentary, starting with its unwavering devotion to orthodox economics and unshakable faith in their “stimulus”. No matter how little is actually stimulated there is never any doubt that the media will simultaneously forget the last one while lavishing praise on the next one. It is, however, the actual economic commentary itself that may be the most damaging. Because nothing works, every news story is printed from the shallowest, narrowest perspective. It is a grave disservice to the public and journalism. As an example, on July 15, 2015, the Wall Street Journal published... -
Finance 0
Turnaround Tuesday: Bears Capture The Tape
Whether the market moves up or down it appears Tuesday reversals seem present. Markets reversed course this Tuesday moving sharply lower. We’ve seen this type of action this month. What’s the news? Some buzz and worries about the prospect of higher interest rates near. I believe markets are trapped in a volatile low volume trading range with the focus on the Fed once again. Fundamentals from earnings and economic data are obscured by this emphasis. Sectors making gains this day included commodities (gold, gold stocks, silver, energy and so forth) while everything else was weak. Below is the heat map from Finviz reflecting those ETF market... -
Finance 0
Two Companies Poised To Catch Up To Gold Peer Group
After a mad dash to the upside for gold and a similar dash to the downside for the U.S. dollar, investors are getting their bearings once again. April’s disappointing jobs report refocused everyone on the potential economic slowdown and a still-dovish Fed. Brien Lundin of Gold Newsletter paints the big picture of how speculation over the Fed’s actions to raise interest rates is affecting gold and gold equities, and he discusses two companies that have not appreciated as much as their peers but are likely to soon catch up. Pershing Gold’s Growing Resource Base Gold and gold stocks have maintained their gains since early May... -
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Gold Daily And Silver Weekly Charts – Comic Opera
Although there will be a stock option expiry on this Friday, which might call for some shenanigans in the mining stocks, the next big Comex precious metals expiration will be next Wednesday the 25th. This is for the gold June contract which could be significant. HSBC, also known as the custodian for GLD, delivered 101,200 ounces of gold yesterday from their house account. The gold was taken up by the house accounts at Nova Scotia and JPM. Nothing much happened with silver. And a chunk of gold was moved, at least on the books, in the warehouses from HSBC to JPM as well. Both the precious metals and equities are going to break up or down someti... -
Finance 0
Fresh Del Monte Produce – Chart Of The Day
The Chart of the Day belongs to Fresh Del Monte Produce (NYSE: FDP). I found the agricultural operations stock by using Barchart to sort today’s All Time High list first for the highest frequency of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 3/1 the stock gained 23.84%. Fresh Del Monte Produce Inc. is a world leader in the production, distribution and marketing of fresh produce. The products are marketed throughout the world under the DEL MONTE brand name and is a widely recogniz...
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