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Finance 0
Non-Manufacturing ISM Cracks Appear: 8 Of 18 Industries In Contraction
NMI Cracks Appear The non-manufacturing (services) ISM is still growing but prices and new export orders both plunged into contraction. Moreover, 8 out of 18 industries fell into outright contraction. The Econoday Consensus Estimate was for a slight decline to 55.5 from 55.8 but once again economists were on the optimistic side. ISM reports a reading dip to 53.5. While still growing, this report portends significant, and growing weakness. Monthly growth is slowing noticeably in ISM’s non-manufacturing sample. The composite index for January fell a sharp 2.3 points to 53.5 from December’s revised 55.8 which is 2 points below the Econoday... -
Finance 0
This Is Really Bad For Banks
Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to cheap raw material while causing borrowers to clamber for what banks were selling. Large profits usually ensued. But not now. Rates have fallen past the banks’ sweet spot to levels that just don’t work. Borrowers appear to be spooked rather than energized and trading desks are imploding amid “catastrophic volatility“. See German bond yields collapse below 50bps for first time ever and UBS’s investment bank earnings decline 63% on equities trading. And now yield curves are inverting — that is, long rates are falling belo... -
Finance 0
This Is Really Bad For Banks
Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to cheap raw material while causing borrowers to clamber for what banks were selling. Large profits usually ensued. But not now. Rates have fallen past the banks’ sweet spot to levels that just don’t work. Borrowers appear to be spooked rather than energized and trading desks are imploding amid “catastrophic volatility“. See German bond yields collapse below 50bps for first time ever and UBS’s investment bank earnings decline 63% on equities trading. And now yield curves are inverting — that is, long rates are falling belo... -
Finance 0
Creative Indestruction
George A. Romero knew how to make an entrance onto the Hollywood stage. Night of the Living Dead, his 1968 directorial debut, set the ‘A’ standard for horror flicks. Though the special effects may seem unsophisticated to today’s moviegoers, the movie still terrifies modern day audiences. The premise of the film has stood the test of time and been the subject of numerous sequels: The recently deceased find no peace in their graveyard slumber; they rise from the dead hungry to feast upon living human flesh. The film, produced on a shoestring budget of $114,000, follows a group of seven unlucky souls trapped in a rural Pennsylvania farmhou... -
Finance 0
LinkedIn Expected To Report Strong Q4 Earnings: Here’s What To Watch
Photo Credit:Sheila Scarborough LinkedIn Corporation (LNKD) Information Technology – Internet Software & Services | Reports February 4, After Market Closes. Key Takeaway The Estimize consensus is calling for EPS of $0.81 and revenue of $864.72 million, slightly higher than Wall Street’s estimates Increased investments in mobile, global expansion and its acquisition of lynda.com have all been key drivers to Linkein’s success Facebook’s newest product, Facebook at Work, may pose an immediate threat to LinkedIn’s growth What are you expecting for LNKD? Get your estimate in here! LinkedIn is scheduled to report fourth quar... -
Finance 0
Is It Time To Panic About Deutsche Bank?
Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World” was not JPMorgan as some had expected, but Germany’s banking behemoth, Deutsche bank. Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails – case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds. We then fo... -
Finance 0
5 Auto Stocks To Buy On Record January Sales
U.S. auto sales remained mostly unscathed by a bitter winter blizzard to post their best January numbers in more than 15 years. Low fuel prices combined with other factors led to encouraging figures even as valuable days were lost to the storm. Most of these factors, such as a strong labor market, will continue to support the sector going forward. At this point, the sector still seems to be on track for a strong year. This is why it may a good idea to pick select stocks from this sector for your portfolio. Subdued Jonas Effect Sales seemed to be mostly unhindered by a historic snowstorm which affected most of the East Coast. This led to the... -
Finance 0
The Dethroning Of Cash: Discouraged, Penalized, Even Banned?
Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety. Many in the financial media are now trotting out the bromide that “cash is king.” A sampling of recent headlines illustrates how pervasive the thinking is: “Cash Is King as China Sparks Market Turmoil” (MarketWatch, January 20, 2016) “Cash Is King in Times Like These” (Toronto Star, January 15, 2016) “Cash Is King as Europe Adapts to Negative Interest Rates” (Bloomberg, January 26, 2016) “Cash Is King as Disunity Reigns Within G20” (Barron̵... -
Finance 0
As Yahoo Pursues Strategic Options, Who Might Buy Yahoo Finance?
Photo credit: Yahoo Inc via Visualhunt.com / CC BY 2015 was a tough year for Yahoo and its Chief Executive, Marissa Meyer. News hit yesterday that the multimedia firm would explore strategic options. According to the press release, these options would include the company doubling down on its existing media properties, like Yahoo Finance, and jettisoning other business line that aren’t core to the business. Analysts aren’t convinced of the plan, saying it kind of felt that Meyer and the BOD both wanted different things. Eric Jackson, an activist investor lobbying for change at Yahoo, said that the plan was essentially just trying... -
Finance 0
Today’s 5 Best Small Caps
Today I used Barchart to sort the S&P 600 Small Cap Index stocks first for the highest technical buy signals, then I used the Flip Chart feature to review the charts. Today’s list includes Popeyes Louisiana Kitchen (NASDAQ:PLKI), Northwest Natural Gas(NYSE:NWN), New Jersey Resources (NYSE:NJR), LTC Properties (NYSE:LTC), Laclede Group (NYSE:LG): Popeyes Louisiana Kitchen Barchart technical indicators: 100% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 7 new highs and up 6.31% in the last month Relative Strength Index 65.13% Technical support level at 61.35 Northwest Natural Ga...
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