The best large cap sector is utilities. The top large cap industry is diversified utilities. The average score across large cap is 50.87, which is below the four week average score of 52.29. The average large cap stock in our universe is trading -29.09% below its 52 week high, -12% below its 200 dma, has 4.28 days to cover held short, and is expected to grow its EPS by 11.06% in the coming year. Utilities, industrials, and consumer goods score above average. Healthcare and technology score in line. Services, financials, and basic materials score below average. The following chart shows historical large cap scores since 2008. The industry rank...
Tuesday, February 9 Wednesday, February 10 Thursday, February 11 Disney (DIS) Consumer Discretionary – Media | Reports February 9, after the close. The Estimize consensus is calling for EPS of $1.46, two pennies ahead of Wall Street, and indicating YoY growth of 15%. Revenues currently stand at $15.33B, quite a bit higher than the Street’s consensus of $14.93B, projecting growth of 11% from the year-ago period. What to watch: If one trend is clear this earnings season, it’s that having ties to the blockbuster hit movie Star Wars: The Force Awakens, is great for a company’s bottom-line. Thus far, Electronic Arts (EA) and Hasbro (HA...
I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates. The combination leads to an awfully lot of false beliefs about the energy needs of an economy. The primary issue at hand is that, as a dissipative system, every economy has its own energy needs, just as every forest has its own energy needs (in terms of sunlight) and every plant and animal has its own energy needs, in one form or another. A hurricane is another dissip...
For February 9, 2015, here’s the top stock market news and stocks to watch… Stock Futures Today Futures for the Dow Jones Industrial Average (DIA) today (Tuesday) are under pressure – projecting a 125-point decline. The Japanese 10-year bond turned negative for the first time in history. The Nikkei fell by more than 5% as investors continue to lose confidence in the Japanese economy. Yesterday, the Dow fell 177 points as tech stocks continued to slump and oil prices cratered again on concerns of a global economic downturn. Financial stocks slumped on concerns that the U.S. Federal Reserve will not raise interest rates in th...
Coca-Cola released its fourth quarter earnings report before opening bell this morning, posting comparable earnings of 38 cents per share, which was ahead of consensus at 37 cents, and $10 billion in revenue, which also edged out consensus at $9.9 billion. In the fourth quarter of 2014, Coca-Cola reported sales of $10.9 billion. Management said organic revenue declined because there were six fewer days in the fiscal year 2015. Coca-Cola’s profits rise Reported earnings were 28 cents per share, compared to the year-ago quarter’s 17 cents. Coca-Cola said the 10 cent difference was mostly noncash refranchising-related charges and costs as...
The title is a paraphrase of “the scariest gold chart in the world” (target below $400) someone sent me in 2009, just before the gold price began its $900 per ounce upward journey. So that’s the contrarian caveat and indeed, I hesitate to write bearish things at a time when small speculators are way too short the market and everybody already seems to know how bearish things are. But the chart is the chart and without further ado, meet the scariest US stock market chart in the world I was ready to try a long on the SPY yesterday, but decided to wait because of this (being posted here because it never made it into NFTRH 381’s alread...
When assets reach prior highs, its time to pay attention from a Risk On & Risk Off basis. The chart on the left is Silver, going back to the mid 1970’s. As you can see it reached $50 in the early 1980’s and then quickly reversed, losing over 90% of its value in the next 14-years. Then it embarked on a rally, starting in the early 1990’s. This rally took Silver back to the $50 level in 2011, which ended up being a “Double Top” nearly 30-years later. After hitting the $50 level again, buyers disappeared and sellers stepped forward. Selling pressure ended up driving Silver down 65% in four years, after it hit highs reached in the e...
The German DAX 30 (DAX) is short-term oversold this morning and looks ready for a bounce. However, with the overall trend being bearish below Friday’s high of 9490, most traders will see a correction to yesterday’s breakdown level of 9260 as an opportunity to add to their bearish exposure. The alternative scenario is a break to yesterday’s low of 8880, which would open the door for a decline to today’s Support 2 level (S2) of the Pivot Point indicator. True support is first found at the November 16 low of 8355, hence the current downward trend may yet have further to run. E.U. GDP Looks To Slow German Industrial production declined ...
Yesterday’s desperate scramble by Deutsche Bank (DB) to comfort markets about its liquidity position worked, for about three hours. And then, the bank which really should just keep its mouth shut, did the opposite and reminded an already panicked market just how “serious” things are, in the parlance of Jean-Claude Junkcer, when in an internal memo, the CEO assured his workers that: DEUTSCHE BANK CEO: CAP STRENGTH, RISK POSITIONS ’ROCK SOLID’ That was the good news. The bad news: DEUTSCHE BANK TO INFORM STAFF IN COMING WEEKS ABOUT COST CUTS Here is the full note released from DB CEO Cryan: Dear Colleagues, When I first ...