38 Year’s after Ken Langone first founded Home Depot to serve the growing needs of the Do-It-Yourself consumer, it has become the largest home improvement retailer, with over 2,200 stores in the US, Canada, Mexico and operations in China, and 371,000 employees. Prior to 2007, Home Depot was operating through a rapid expansion phase, where they where opening 200 new stores a year, by 2010 they had only opened one store in the U.S and five stores in Mexico, marking the beginning of a strategic transition away from domestic expansion, and towards building their international brand. International expansion has not been smooth; in 2012 HD closed...
It’s been a long time since I discussed another company that I wish would go public (CIWWGP)! The odds are pretty high that Chick-Fil-A will never go public because the firm thrives on the fact that they do not have a Board or shareholders to answer to, but I certainly can dream can’t I? At the same time, it’s important to understand the success of the competitors of publically traded companies, both public and private. As such, the success of a company like Chick-Fil-A could mean more revenue of publically traded chicken or feed providers. On the other hand, the success or lack thereof could mean trouble for other fast-food...
S&P 500 The S&P 500 fell significantly during the course of the day on Friday as the jobs number came out a bit on the soft side. By doing so, it raises more questions about the economic strength of the United States, and with that being the case it also makes sense that the stock markets would fall. However, there is a massive amount of support just below so it’s very likely that we can only fall so far. With that being the case, I feel that a supportive candle just below should be an excellent buying opportunity, at least for the short-term. Because of this, I am going to be patient but certainly I am not looking to sell and only ...
Just as we warned, not only is it time to panic but the panic is ‘contagion’-ing over into the sovereign risk market. European banks are in freefall, down over 4.3% broadly, crashing to 2012’s “whatever it takes” lows. European bank risk has gone vertical… Today’s spike is the largest since April 2010. TBTF banks are all seeing credit risk explode – to 52-week highs and beyond… Slamming European bank stocks back to near “whatever it takes” lows… Dragging the entire European stock market down 24% from its highs to 16-month lows… And that risk is systemically crushin...
flickr Leading Chinese Internet search company Baidu (NASDAQ:BIDU) is due to report q4 2015 earnings on Feb. 10th 2016 after market close. During its third quarter earnings call, Baidu said that it expects fourth quarter revenue to be in the range of RMB18.2B-RMB18.75B ($2.864B-$2.950B) which represents year-over-year growth of 29.5%-33.4%. Wall Street sees the company reporting revenue of $2.806B with EPS of $0.80, representing 26.6% and -45% year-over-year growth, respectively. If these estimates turn out to be accurate, then the fourth quarter will extend Baidu’s long streak of shrinking earnings. Baidu has failed to meet Wall Street&...
Hasbro Inc. (HAS – Analyst Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys’ categories. Hasbro rolled out its initial line-up of Star Wars: The Force Awakens based toys to retailers in Sep 2015. The theatrical release of Star Wars: The Force Awakens took place on Dec 2015. Such popular productions are expected to attract children to movie-inspired toys and thereby boost sales. Given Hasbro’s strong product line-up, which includes its core brands, licensed brands and lucrative product associa...
Two leading indices, Nasdaq 100 and Germany (DAX), look to be doing something neither has done for the past 5-years. The Nasdaq 100 last week looks to have “closed below 5-year rising channel support” at (1) above. At the same time, the DAX index from Germany looks to be breaking 5-year rising support and its 38% Fib ratio at the same time at (2). We haven’t seen this in 5-years friends, and this is a big deal from a Power of the Pattern perspective. Last Friday, Joe Friday shared that key topping patterns looked to be taking place in the S&P 500 and NDX, with monthly momentum at levels last seen at the tops in 2000. (See post ...
With the USD in general retreat and risk-off dominating the stock markets, the demand for haven-assets such as silver and gold has increased. In the case of silver prices, the short-term trend is bullish above $14.62, which is a swing lower from its position on February 3. Traders will most likely see a pullback to the $14.85 to $14.75 range as an opportunity to add to their long exposure, as the risk/reward ratio is good here. The alternative entry is a break to last week’s high of $15.08 which will most likely trigger pending entry orders as well as stop loss orders layered above this high. The next strong resistance and target level...
Yahoo CEO Marissa Mayer is in the hot seat, some investors are calling for her to step down, others want the company broken up and sold for parts, still others are concerned that the value of their investment is less than zero. First and foremost, Yahoo is not worthless. Financial engineers will argue about how best to maximize shareholder value, but with its ~$5.5 billion of net cash, its 15 percent share of Alibaba (worth approximately $30 billion), its share of Yahoo Japan (worth approximately $8.6 billion) and about $1 billion of EBITDA from its core businesses (which some analysts estimate to have a value between $2.2 and $4 billion), ...
PRINT Although stocks were never significantly into profitable territory at any point last week, at the very least on Thursday it looked like we might stabilize with just a very minor loss. The bears had other plans on Friday, however, sending the market 1.85% lower that day to the lowest close in nearly two weeks. And yet, it’s worth noting that neither the S&P 500 (SPX) (SPY) nor the NASDAQ Composite (COMP) broke under their most critical floors; we’re still not past the point of no return yet. (We are, however, getting close to that point again.) We’ll explore it all below, as usual. But first, let’s run dow...