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  • Finance 0

    Why Portugal Is Important Even If You Have No Direct Exposure

    Portugal’s 10-year bond yield has almost 120 bp this year.  It is one of the few eurozone members that still pay to borrow two-year money. There are two set of drivers. One set is country specific. These may matter only to current or prospective investors. The other set of considerations may have broader applicability. This means that even those without direct exposure may want to take note of developments in Portugal.   There are a few country-specific considerations that are worrisome. First, three of the four rating agencies that the ECB relies on rate Portugal just below investment grade. If the fourth rating agency, DBRS were to ...
    On February 9, 2016 / By
  • Finance 0

    Can Panera Capitalize On Chipotle’s Downfall And Report Strong Earnings?

    Photo Credit:Mike Mozart Panera Bread Co. (PNRA) Consumer Discretionary – Hotels, Restaurants & Leisure | Reports February 9, After Market Closes Fast casual chain, Panera is scheduled report fourth quarter earnings February 9, after the market closes. Panera has long been a fan favorite amongst customers for its devotion to high quality ingredients and customer service. Shareholders are hoping, Panera has capitalized on Chipotle’s meteoric fall when the company reports Q4 earnings. This quarter, the Estimize consensus is calling for EPS of $1.79 and revenue of $697.30 million, slightly higher than Wall Street’s estimates. Comp...
    On February 9, 2016 / By
  • Finance 0

    FTSE 100: Correction To A Bearish Trend

    The FTSE 100 is expected to reach the January 20 low of 5600 as long as price trades below last week’s highof 5949. The index is slightly oversold and given this, a bounce to the 5769 – 5836 range may take place (0.382% to 0.618% correction of the current bearish leg). However, traders will probably see a bounce as an opportunity to short-sell the FTSE 100 as the trend is bearish below last week’s high of 5949 and therisk/reward ratiolies within the 5769 – 5836 range. The FTSE is also oversold given the Bloomberg Commodity index, which suggests that it should be trading at5984, while the FTSE’s correlation to the DAX 30 sug...
    On February 9, 2016 / By
  • Finance 0

    Goodyear’s Q4 Earnings Beat Estimates, Shares Rise

    The Goodyear Tire & Rubber Company (GT – Analyst Report) is one of the world’s largest tire manufacturing companies, selling under Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other brands. The company regularly launches innovative products and services to boost sales. Although Goodyear generates worldwide sales, North America is its leading market.It is also expanding in emerging markets to boost profits. Goodyear is benefitting from lower raw material costs, strong economic trends in North America and continued cost savings, partially offset by a challenging international environment and unfavorable foreign currenc...
    On February 9, 2016 / By
  • Finance 0

    Nighttime Resistance

    Well, I could get used to this. It seems that the bulls keep trying to power the market higher, but in their new role as Feckless Flops, they just can’t do it, even with central bank ninnies running around trying to jawbone (a trick which has run its course). Witness what keeps happening with surprising regularity: More than this, witness what’s going on with crude oil, which I think is about to plunge to new lows....
    On February 9, 2016 / By
  • Finance 0

    Goldman Capitulates: Closes Out 5 Of Its 6 Top Trades For 2016 With A Loss

    Back in November, for the convenience of those “who can’t wait to take the other side of Goldman’s clients, and thus the same side of Goldman’s prop desk” we previewed Goldman’s “Top 6 Trades for 2016.” Naturally, we explicitly stated that the “the best trades for 2016 will be to… do the opposite of the Top 6 trade recos” for obvious reasons. It’s time for an update, because just 40 full days into 2016, not only has Goldman been closed out on its Top Trade for 2016, namely being long the USD vs both the Yen and the Euro, but virtually all of its other trades: accordi...
    On February 9, 2016 / By
  • Finance 0

    AveXis IPO: We Like This Goldman-Led Deal

    AveXis Incorporated expects to raise $76.5 million in its upcoming IPO. Based in Bannockburn, Illinois, AveXis (NASDAQ: AVXS) is a clinical-stage gene therapy company that is developing novel treatments for patients suffering from rare neurological genetic diseases. We previewed AVXS on our IPO Insights Platform, which includes deals on deck and real-time alerts. We also highlight opportunities to buy and short newly public companies at their IPO quiet period and lockup period expirations. AVXS will offer 4.25 million shares at an expected price range of $19 to $21. AVXS filed for the IPO on January 15, 2016. Lead Underwriters: Goldman Sach...
    On February 9, 2016 / By
  • Finance 0

    Viacom Inc. Tops Q1 Earnings, Misses Revenues Estimates

    Viacom Inc. (VIAB – Analyst Report) a leading entertainment content company that operates primarily in the U.S. and Europe. The company offers many of the world’s best known entertainment brands through television, motion picture, Internet, mobile and video game platforms. Currently, Viacom has a Zacks Rank #3 (Hold), but that could definitely change following Viacom’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below: Earnings: Viacom beats earnings. Our consensus earnings estimate called for EPS of $1.17 per share, and the company reported EPS of $1.18...
    On February 9, 2016 / By
  • Finance 0

    Technically Speaking: Psychology Of Loss

    In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market. I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.”  They would be right. The problem with the majority of technical analysis, in my opinion, is that time frames are too short for most investors. When looking at technical price patterns using daily data, there have been numerous occasions where analysts have spotted “Head and Shoulder” patterns, “Hindenberg Omens,” and “Puppy ...
    On February 9, 2016 / By
  • Finance 0

    E The 13 New Trading Rules For 2016

    I’m sitting here at my Lake Tahoe lakefront mansion watching the Dow Average open down 700 points from its Friday intraday high. It is one of those perfect, picture postcard days, with a blue sky and cobalt lake. The fields outside are covered with snow crystals sparkling in the sunshine. After the close, I’m going to have to shovel off my outside decks to keep the weight of the ice from collapsing them. Those (SPY) April $182 puts are looking pretty good this morning, up 50%. They’re hedging all of my remaining long side positions. In these heart stopping trading conditions it is more important for me to teach you how to avoid doing th...
    On February 9, 2016 / By