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    Exxon Mobil Q4 Earnings, Revenues Beat

    Irving, TX-based Exxon Mobil Corporation (XOM – Analyst Report) is the world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. The company divides its operations into three segments: Upstream, Downstream and Chemicals. Currently, Exxon Mobil has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2015 earnings report which has just released. Coming to earnings surprise history, the company has a track record of delivering positive earnings surprises. It has bea...
    On February 2, 2016 / By
  • Finance 0

    WTI Crude Oil And Natural Gas Forecast – February 2, 2016

    WTI Crude Oil The WTI Crude Oil market fell significantly during the course of the day on Monday, breaking below the $32 level. The fact that we closed towards the bottom of the candle of course suggests that we are going to see quite a bit of bearish pressure, and as a result I believe that were going to try to reach towards the $30 handle. Any bounce at this point in time should attract sellers though, so I think that’s a selling opportunity as well on short-term candles and show signs of resistance. I have no interest in buying this market at this point. I see a massive amount of resistance all the way to at least the $40 level, so at th...
    On February 2, 2016 / By
  • Finance 0

    The Global Economy Could Fall Farther And Faster Than Pundits Expect

    Systemic fragility doesn’t respond to central bank jawboning or Keynesian claptrap; unlike those “policy tools,” fragility is real. The core narrative of central bank/cartel capitalism is centralized agencies have the power to limit downturns and extend credit-based “good times” almost indefinitely. The centralized power bag of tricks includes fiscal policies such as deficit spending to boost “aggregate demand” in downturns and monetary policies such as lowering interest rates to zero and buying assets, a.k.a. quantitative easing. If we crawl under the barbed wire and escape the ideological Keynesian...
    On February 2, 2016 / By
  • Finance 0

    Today’s Trading Plan: Focusing On Stocks And Oil

    Technical Outlook: Whip saw price action yesterday that saw an initial sell-off, followed by the dip buyers coming in and pushing the market higher throughout the afternoon.  Overall the volume was extremely light and well below average levels.  The doji candle that is shown on SPX marks indecision by the market between buyers and sellers and could signal that the dead cat bounce has topped out and a potential retest of 1812 is a strong possibility.  SPX/SPY retested the 20-day moving average yesterday and held onto this MA perfectly.  Short-term, the bulls are getting into overbought territory.  VIX dropped below 20 to 19.98 yesterday...
    On February 2, 2016 / By
  • Finance 0

    NAV Premiums Of Certain Precious Metal Trusts And Funds – February 2, 2016

    Having completed the acquisition of the Central Gold Trust, the Sprott Physical Gold Trust now reflects that additional bullion and the cash assets obtained through the transaction through the disposition of bullion. Obviously the Central Gold Trust is no longer listed and has ceased to exist. The Sprott Silver Trust has sold some bullion to raise cash and is now well funded. The Central Fund must address their cash position, either through a bullion sale or a secondary offering....
    On February 2, 2016 / By
  • Finance 0

    Japanese Interest Rates

    Let’s talk about what to watch out for this week…and where it may be leading! Video Length: 00:01:43  ...
    On February 2, 2016 / By
  • Finance 0

    E The Daily Shot And Data – February 2, 2016

    Let’s begin with several charts on China from our friends at RBS as well as other sources. 1. The nation’s reliance on over-investment for growth stands out when compared to other nations.   Source: ?@RBS_Economics 2. According to RBS, the economic “rebalancing” has been primarily driven by the financial services sector. Reliance on the financial sector for growth is risky (as we’ve seen in other economies). Source: ?@RBS_Economics 3. China’s corporate debt growth has been spectacular and the debt addiction seems to continue. While credit growth has slowed, it remains above 11% per year. Source: ?@RBS_Econ...
    On February 2, 2016 / By
  • Finance 0

    Big Banks Are Yelling At Their Clients: SELL EVERYTHING

    Royal Bank of Scotland warns its clients for a “cataclysmic year”, a deflationary global crisis with oil down to $16 a barrel and a stock market correction with a fifth. J.P. Morgan advises for the first time in 7 years to sell shares on the bounce instead of buy the dip. RBS credit team says all alarm bells are ringing. They see the same stress alerts before the Lehman Brothers crisis in 2008. They said in a client note: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” Both global trade and loans are contracting, a nasty cocktail for corp...
    On February 2, 2016 / By
  • Finance 0

    The Big Four Economic Indicators: Real Personal Income For December

    Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are: Nonfarm Employment Industrial Production Real Retail Sales Real Personal Income (excluding Transfer Receipts) The Latest Indicator Data Personal Income (excluding Transfer Receipts) in December rose 0.19% and is up 4.0% y...
    On February 2, 2016 / By
  • Finance 0

    Pfizer Beats On Q4 Earnings, Revenues, Outlook Disappoints

    Pfizer Inc. (PFE – Analyst Report) posted fourth quarter 2015 earnings of 53 cents per share, a penny above the Zacks Consensus Estimate but down 2% from the year-ago period. Revenues, which grew 7% to $14.047 billion, were well above the Zacks Consensus Estimate of $13.605 billion. Full year earnings came in at $2.20 per share, down 3%, while revenues declined 2% to $48.851 billion. Prevnar, Ibrance Perform Well While currency movement cut Pfizer’s fourth quarter revenues by 7% ($934 million), operational growth was 14% ($1.9 billion). International revenues declined 9% to $7.3 billion. Meanwhile, U.S. revenues grew 33% to $6.7 bi...
    On February 2, 2016 / By