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Like Lemmings Over A Cliff: Fed To Test Negative Interest Rates
Financial Repression Lemmings Low and negative rates have not done a damn thing for the Eurozone, Switzerland, Japan, or any other country that’s implemented them. Nonetheless, Fed lemmings want to Test How Banks Would Handle Negative Rates. In its annual stress test for 2016, the Fed said it will assess the resilience of big banks to a number of possible situations, including one where the rate on the three-month U.S. Treasury bill stays below zero for a prolonged period. Three-month bill rates have slipped slightly below zero several times in recent years, including in September after the Fed delayed rate liftoff amid global financial ... -
Finance 0
SP 500 And NDX Futures Daily Charts – Risorgimento
After the bell they were missing earnings, or making the earnings and missing the revenues, or some reasonable facsimile thereof. Stocks did a big midday turnaround off the lows, because ‘oil showed some strength’ and the dollar was taking the short term siesta and falling over. Right now it appears on both charts that we have a decent chance of forming continuation patterns, either a bear flag or a symmetrical triangle. The bear flag has a higher chance of moving lower next, with the symmetrical triangle still bearish but not quite as much. The economic news continues to stink up the place. Today had all the hallmarks of a very t... -
Finance 0
GoPro, Inc. Misses Expectations, Posts Loss
GoPro Inc (NASDAQ:GPRO) released its finalized fourth quarter earnings numbers after closing bell tonight, posting loss of ($0.08) versus the consensus of breakeven on a non-GAAP basis, and $437 million in revenue, compared to the consensus of $496.1 million. Management originally guided for sales of between $500 million and $550 million and adjusted earnings of between 35 cents and 45 cents per share. Following tonight’s earnings report, GoPro shares went up by 1% to land at $10.80 per share. GoPro releases final fourth quarter results GoPro already preannounced some results last month, so tonight’s report wasn’t anything surpr... -
Finance 0
E The Daily Shot And Data – February 3, 2016
We begin with the Eurozone where a number of economic reports have been better than expected. 1. While the area’s manufacturing activity expansion has slowed, there are a couple of positive trends, particularly Spain and Greece. Spain now has the fastest growing manufacturing sector in the Eurozone. Source: ?Markit Greek manufacturing is not growing (PMI = 50) but has seen a remarkable stabilization over the past few months. Source: ?Markit 2. The Eurozone unemployment rate hit the lowest level since September 2011. Part of this trend is driven by the declines in German unemployment rate which fell to the lowest level on record. At cur... -
Finance 0
Here’s What Tableau Is Doing To Boost Q4 Earnings
Photo Credit:Charis Tsevis Tableau Software, Inc. (DATA) Information Technology – Software | Reports February 4, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of $0.19 and revenue of $204.94, 3 cents and $5 million higher than Wall Street’s EPS and revenue estimates, respectively Tableau has been on a scorching pace, beating revenue estimates each of the past 8 quarters Its platform will have to adapt to displace both established competitors and smaller contemporaries What are you expecting for DATA? Get your estimate in here! Business analytics tool, Tableau is scheduled to report fourth quarter earn... -
Finance 0
Mass Layoffs To Return With A Vengeance
How safe is your job? Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their sharesen mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’. Well, 2016 is show... -
Finance 0
Are Passive Investors Taking On Far More Risk Than They Realize?
“The average American is from Missouri everywhere and at all times except when he goes to the brokers’ offices and looks at the tape, whether it is in stocks or commodities. The one game of all games that really requires study before making a play is the one he goes into without his usual highly intelligent preliminary and precautionary doubts. He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile.” -Jesse Livermore These days, the sort of reckless financial abandon Livermore describes is on prominent display in the rapidly rising popularity of, “passive ... -
Finance 0
January 2016 ISM Services Index Declines But Remains In Expansion
The ISM non-manufacturing (aka ISM Services) index continues its growth cycle, but declined from 55.8 to 53.5 (above 50 signals expansion). Important internals likewise declined, however, and remain in expansion. Market PMI Services Index was released this morning, also is in expansion, and also declined. This was below expectations (from Bloomberg) of 53.0 to 56.5 (consensus 55.5). For comparison, the Market PMI Services Index was released this morning also – and it weakened marginally. Here is the analysis from Bloomberg: Released On 2/3/2016 9:45:00 AM For Jan, 2016 Prior Consensus Consensus Range Actual Level 54.3 53.7 53.5 to 5... -
Finance 0
Precious Metals Flipping Off The CBs
What a delight today to see silver (SLV) breaking out…….. ……and gold (GLD) pushing its way up to my target, shown below via the green line:... -
Finance 0
10 Companies Benjamin Graham Would Invest In Today – February 2016
Out of the multitude of companies, which ones would legendary value investor Benjamin Graham buy today? I’ve compiled ten great companies that fit the ModernGraham criteria, based on Benjamin Graham’s methods. The companies in this list pass the rigorous requirements of either the Defensive Investor or the Enterprising Investor and are undervalued by the market. Here are the ten companies Benjamin Graham would invest in today: Bed Bath & Beyond Inc. (BBBY) Bed Bath & Beyond Inc. qualifies for the Enterprising Investor but not the more conservative Defensive Investor. The Defensive Investor is concerned with the low cur...
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