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5 Stocks To Watch This Week 5/16 – HD, CRM, WMT, GPS, FL
Tuesday, May 17 Wednesday, May 18 Thursday, May 19 Friday, May 20 Home Depot (HD) Consumer Discretionary – Specialty Retail | Reports May 17, before the open. The Estimize consensus is calling for earnings per share of $1.34 on $22.14 billion in revenue, 1 cent higher than Wall Street on the bottom line and $54 million on the top. Compared to a year earlier, this reflects a 16% increase in earnings while sales could climb as much as 6%. Typically the stock does well during earnings season which is icing on the cake for shareholders that have seen shares increase 20% in the past 12 months. What to Watch: Home Depot is on an upward traje... -
Finance 0
Gold Relaxes In $1250 – $1300 Range Trade
Gold continues to garner solid global institutional support, and shows great resiliency on every sell-off against the dollar. Giant bank Credit Suisse has joined the bullish forecasting fun, by raising their price targets for both bullion and mining companies. Deep-pocketed funds and banks are embracing the world’s mightiest asset with gusto,and that’s apparent in the price charts. After rallying about $250 towards the 2015 highs of $1307, gold has simply traded sideways in a very orderly fashion. Investors should cast aside fears about “imminent” and “frightening” price declines, because large banks and powerful hedge funds move... -
Finance 0
Consumer Prices Jump Most In Over 3 Years Amid Rising Gasoline, Rent Inflation
Headline CPI rose 0.4% MoM (above +0.3% exp) for the biggest jump since Feb 2013 but sadly at the same time, price-adjusted hourly wages slid 0.1% in April. Following a small drop in March, from 8 year highs, Core (ex food and energy) Consumer Prices rose 2.1% YoY (as expected) abesent the effect of Gasoline’s huge 8.1% MoM surge. Of course this is probably transitory but we note that rent inflation remains at 3.7% YoY – its highest since 2008 and definitively not transitory. And as the breakdown shows, energy and gasoline price soared in April – so are higher oil prices good or bad again? The index for all items less f... -
Finance 0
5 Surprising Things You Probably Didn’t Know About LendingClub
Investors were left licking their wounds as LendingClub dropped like a rock boulder last week. That’s when news got out that the firm’s CEO was leaving. The company explained away Renaud Laplanche’s departure with 2 reasons: 1) a mispricing/mislableing of a series of loans sold to Jeffries and 2) an undisclosed equity position in a fund buying LendingClub loans after LendingClub itself invested in said fund. Last week, we described and summarized much of the fuss going on at LendingClub. As the public is internalizing the news, the media is left trying to really understand what happened. Here are some surprising things about Lendi... -
Finance 0
Marathon Patent Group Will Report Big Profits This Quarter
TM Editors’ Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence. 2016 has been phenomenal for my IP [intellectual property] holdings. VirnetX (VHC) went from $1.95 to $10, and Acacia (ACTG) rose from $2.82 to $4.89. My VirnetX analysis that was published right before the run-up can be found here. I expect significant returns with Marathon Patent Group (MARA). Investors are completely missing the fact that Marathon is only a $26 million company, and will generate at least $33 million in revenue this quarter. Compare that to Acacia which just reporte... -
Finance 0
Silver Prices Trade Sideways Ahead Of U.S. CPI
Talking Points Silver prices trade sideways in a relatively wide range. A support level below the lower end of the current range of $16.78 – $17.56 is the psychological level of $16.50, while a resistance level above the May 11 high of $17.56 is the May 5 high of $17.70. Today’s U.S. Inflation report and Industrial Production figures may provide clues about possible future Fed monetary policy action. Silver prices were little changed at the time of writing and stayed firmly trapped between the April 25 low of $16.78 and the May 11 high of $17.56. As long as price is trapped in a range, traders tend to have a low tendency to take action, ... -
Finance 0
Will The Nasdaq Composite Lead American Benchmarks Lower?
Even without the near constant whining about the overextended nature of valuations from Federal Reserve officials, there are growing signs that the top is in for equity benchmarks in the United States, especially technology stocks.Technology has been strong source of optimism behind rallies and was a bright spot during the last financial crisis, leading the way during the recovery. However, despite all the optimism surrounding tech, the sector may just be the canary in the coalmine bearish traders have been waiting for now that corporate earnings are expected to contract sharply during the second quarter. Considering the deep exposure of the ... -
Finance 0
Will The Nasdaq Composite Lead American Benchmarks Lower?
Even without the near constant whining about the overextended nature of valuations from Federal Reserve officials, there are growing signs that the top is in for equity benchmarks in the United States, especially technology stocks.Technology has been strong source of optimism behind rallies and was a bright spot during the last financial crisis, leading the way during the recovery. However, despite all the optimism surrounding tech, the sector may just be the canary in the coalmine bearish traders have been waiting for now that corporate earnings are expected to contract sharply during the second quarter. Considering the deep exposure of the ... -
Finance 0
E USD/CHF: Bulls Taking Over; Ideally Reaching For 0.9900
On USD/CHF we have seen a very strong turning point this month from 0.9442 where we see a low in place, which means pair completed wave 5) of an ending diagonal placed in wave C-circled which is fully visible on higher time frames. Reason for a low in place is an impulsive rally from 0.9442; that’s a five wave pattern that confirms a change in trend from bearish now to bullish mode. Also, notice that price is above the red trendline from where we can expect a continuation up into 0.9900 area after a daily close above 0.9794. USDCHF, 4H... -
Finance 0
Euro Gets A Boost From Trade Figures
Earlier today, Eurostat, the statistics office for the European Union, released external trade data for March on the countries which share the common currency. Eurostat reported that the unadjusted Trade Balance (NSA) grew to €28.6 billion, against expectations from a recently conducted poll of €22.5 billion. That news helped to lift the Euro against the US Dollar as well as the Pound Sterling. As reported at 10:52 am (BST) in London, the EUR/USD was trading at $1.1326, a gain of 0.07%. In today’s trading, the pair has ranged from a session low of $1.1311 to as high $1.1345, by all accounts a relatively tight daily trading band. The EUR...
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