Latest Posts
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EC How To Play $20 Oil
“Here Comes $20 Oil.” That was the headline in Barron’s this weekend. The article cited the supply side (US fracking and full tilt production from Saudi Arabia and Russia) as the main driver of oil’s low price. With that in mind, Tsakos Energy Navigation (TNP) is a seaborne oil transportation and storage company that makes more money when oil prices are low and supply is high. We believe Tsakos has inappropriately sold off because it’s a Greek company and it gets lumped in with dissimilar shipping stocks as well (we’ll show both of these statistically). Specifically, Tsakos should not have sold off as much with the Greek cri... -
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E SOXS Trade Setup…
The daily bar chart for the SOXS shows its breaking out above the neckline this morning with a gap. Monday we took our initial small position on the breakout from the daily line chart which gave us an earlier breakout vs the bar chart. I’m going to add another 250 shares at the market at 62.66 with the sell/stop now up to 50.20 using a close below the 50 ema which is rising.... -
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U.S. Retail Sales: January 2016 Preview
No change is expected for US retail sales in tomorrow’s January report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction marks a slight improvement vs. the fractional decline posted in the previous month. The Capital Spectator’s average forecast for January is at the low end of projections via three surveys of economists. Note that all the forecasts translate into a substantially stronger pace of growth for the year-over-year spending rate in January vs. the previously reported annual change. Here’s a closer look at the numbers, followed by bri... -
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Pandora May Turnaround Its Declining User Figures
Going into Pandora Media (NYSE:P) earnings on Thursday, 11th Feb, after the market close, I feel fairly confident that the commentary on user retention metrics will be the most important earnings theme coming out of the Q4’15 call. For the most part, the company has exhibited fairly stellar growth through FY’15 as a result of a 30% improvement to RPMs (revenue per thousand listener hours). The company rolled out better comparative metrics on ad pricing relative to local market radio. However, the company’s subscription product growth is starting to slow. flickr The company mentioned that it has a goal of reducing its sales and market... -
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Can Wynn Resorts Bounce Back With Strong Q4 Earnings? Here’s What To Expect
Photo Credit: Wolfgang Staudt Wynn Resorts (WYNN) – Consumer Discretionary – Hotels, Restaurants, & Leisure | Reports February 8, After Market Close Wynn Resorts, the developer and operator of luxury hotels and casinos, is scheduled to report Q4 2015 earnings February 11, after the market closes. The company currently operates in Las Vegas and China’s mainland peninsula, Macau. In the past year WYNN shares have declined 59% from economic turmoil in China impacting tourism and consumer spending. This quarter, the Estimize community is calling for EPS of $0.78, 4 cents higher than Wall Street, and revenue expectations of $962.94 mil... -
Finance 0
Why I Bought PayPal
I bought PayPal (PYPL) yesterday. Wanted to buy this great company for a long time, but didn’t like the price. Now it looks like the price is OK. Doesn’t mean it can’t go lower, nothing is certain. But fast growing company, part of internet financial revolution, trading at less that 20 future P/E and PEG 1.20 is cheap in my view. There are several new growth areas for a company. First of all, now many companies offer PayPal as an option when paying for online purchases. Second is xoom.com. If you transfer money between countries, you know how outrageously expensive it is for small amounts. Xoom lets you transfer money much c... -
Finance 0
Everyone Jumping On The Bandwagon: BofA Says To Stay Long Gold Until $1,375, “$1,550 A Possibility”
First it was Goldman confirming that when it comes to penning “investment theses”, all Wall Street knows how to do is jump on a momentum bandwagon, when it said overnight that there’s scope for gold prices to “extend much higher over time.” Now it’s Bank of America’s turn. Here is the latest chart magic from BofA’s technical strategist Paul Ciana: Staying long gold Gold prices are breaking above triple resistance forming a technical bottom and channel breakout. This projects gold higher to 1,315 and 1,375. The gap in the distribution on the left shows 1,550 is a possibility, though we are not ... -
Finance 0
Today’s Trading Plan: Traders Panic
Technical Outlook: Overnight futures are failing hard and fast. There is some pumping of USD/JPY currency pair that has lifted futures off the lows this morning, but still looking at a heavy downward move at the open. Oil sinking again, hard and fast, below $27, and could even see the $25’s at some point today. Yesterday’s price action saw heavy gains evaporate into the close, as Yellen’s speech soured Wall Street. 1812 is a critical level to watch today on SPX. It marks the January lows, and if broken could result in a much bigger move lower for the market. That massive head and shoulders pattern on the weekly SPY/SPX (fo... -
Finance 0
The Pent-Up-Demand For Quits
Yesterday the Labor Department released data from its December Job Openings and Labor Turnover Survey (JOLTS). One of the items that got lots of attention was a rise in the quit rate to its highest level of the recovery. In fact, it is now pretty much back to pre-recession levels. (This is especially true of workers in the public sector — interesting story for another day.) While it is good news if workers feel they can leave a job where they are unhappy or which does not fully utilize their skills, the news may not be as good as it first appears. The weak labor market of the last seven years led to very low quit rates. This means... -
Finance 0
Silver Prices Surge As Risk-Aversion Picks Up
This morning, silver prices breached Monday’s high of $15.47, which triggered yet another round of buying. The plunge of the DAX 30, FTSE 100, and USDJPY triggered the move higher in silver, as traders began to sell stocks for the safe haven of silver and gold. With the breach to Monday’s high of $15.47, silver prices have reached my $16.63 target set earlier this week. Going forward I would still expect silver to remain supported given that risk-aversion should remain high until central banks step in to save the day. Short-Term Bullish Above $15.12 The short-term trend is bullish above yesterday’s low of $15.12 and traders wil...
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