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UK Economy Slows
Figures just released by the Office for National Statistics in the UK (ONS) provide an initial estimate of the nation’s GDP in the final quarter of 2015. According to this data, Q4 saw an expansion of 0.5% over the previous quarter, returning full year growth of 2.2%. In the current global economic climate, the figure is commendable, but it represents a slowdown over the 2014 growth which came in at 2.9%. In comparison with Q4 2014, the fourth quarter of 2015 showed growth of 1.9%, but that was a fall from the comparable Q3 data by 0.2%, showing that the economy was slowing somewhat. Indeed, on this basis, the Q4 growth was the weakest seen... -
Finance 0
E Best & Worst Large Cap Stocks To Buy – February 2, 2016
The best large cap sector is consumer goods. The top large cap industry is cigarettes. The average score across large cap is 55.65 and that’s above the four week moving average score of 52.30. The average large cap stock in our universe is trading -25.86% below its 52 week high, -8.75% below its 200 dma, has 4.23 days to cover short, and is expected to grow its EPS by 9.37% in the coming year. The strongest scoring sectors across large cap are consumer goods, utilities, and technology. Industrial goods, services, and healthcare score in line with the average large cap score. Financials and basics score below average. The following chart... -
Finance 0
BP Misses On Fourth Quarter Earnings, Revenues Fall
London, England-based BP plc (BP – Analyst Report) is one of the world’s major energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products. The Upstream business is focused mainly in the U.S., with significant presence in the Caribbean, Africa, Europe, the Middle East and Asia-Pacific. The downstream business consists primarily of U.S. refineries, along with presence in Europe, Asia-Pacific and Africa. The company also produces a range of petrochemicals. BP also owns a 19.8% stake in Russian oil company Rosneft. Currently, BP has a Zacks Rank ... -
Finance 0
Morning Call For February 2, 2016
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 -0.63%) are down -0.75% and European stocks are down -1.40% on global growth concerns. Crude oil (CLH16 -3.10%) is down -3.45%, which is undercutting energy producers that are leading the overall market lower with Chevron and Schlumberger down over 1% in pre-market trading. Losses in European stocks were limited after the Eurozone Dec unemployment rate unexpectedly fell to a 4-1/3 year low of 10.4%. Asian stocks settled mostly lower: Japan -0.64%, Hong Kong -0.76%, China +2.26%, Taiwan -0.32%, Australia -1.00%, Singapore -0.89%, South Korea-1.10%, India -1.15%. China’s... -
Finance 0
A New Equity Bear Market? This One Just Ended
Equity investors suffered in January. Markets never before experienced such a bad start to a year. Stocks in Europe and Japan entered a bear market, while the US is on the brink of one. Some people panicked. Some were pleased, being able to pick up their favorite stocks somewhat cheaper. Gold equity investors probably shrugged. To them, January was just a blip. They smile faintly when they read all the comments about a hard landing in China. Because slowing growth in China already caused a four year bear market in commodities and gold. This devastating bear took most gold stocks down 80%, 90%, and sometimes more than 95% from the peaks i... -
Finance 0
Groundhog Day Trading: Stocks Slide As Oil Plunge Returns; BP Suffers Biggest Loss On Record
It certainly does feel like groundhog day today because while last week’s near record oil surge is long forgotten, and one can debate the impact the result of last night’s Iowa primary which saw Trump disappoint to an ascendant Ted Cruz while Hillary and Bernie were practically tied, one thing is certain: today’s continued decline in crude, which has seen Brent and WTI both tumble by over 3% has once again pushed global stocks and US equity futures lower, offsetting the euphoria from last night’s earnings beat by Google which made Alphabet the largest company in the world by market cap. Among the drivers for today... -
Finance 0
Investing During 2016
With the new year upon us, every investor is looking for words of wisdom that can motivate them to achieve their lofty goals. Luckily, there’s no shortage of sound investment comments and quotes for those who actually care to listen. Here are great quotes from some of the world’s brightest people. “An investment in knowledge pays the best interest.” – Benjamin Franklin This timeless quote from one of the Founding Fathers of the United States offers some great insights. It is also surprisingly straight forward and means exactly what it says. In the context of investing, this quote essentially states that you need to invest in your... -
Finance 0
Economic Weakness Centered In Energy/Materials Sector: Not A Recession Yet
A significant issue facing investors is determining whether the world is entering into a global recession. Certainly, economic activity in emerging markets has been challenged due in part to the strength of the U.S. Dollar. Global economies are also dealing with the collapse of energy prices and the negative impact energy weakness is having on the broader industrial sectors as energy capital expenditure cuts ripple through the economy. As noted in our post yesterday, historically, energy prices and equities have a positive correlation, that is, they move in the same direction. Intuitively this makes sense as a stronger global economic enviro... -
Finance 0
Don’t Worry About Amazon’s Bad Quarter
Last Thursday’s earnings report for Amazon (AMZN) was a head-scratcher. The company didn’t just miss its estimates on both revenue and earnings, but its earnings per share were far off the mark. Here are the highlights for the quarter: Earnings per share were $1.00, missing analyst estimates by $0.56. Revenue came in at $35.75 billion, up 21.9% from this time last year, but missing the consensus by $180 million (I’d that’s more of an in-line miss, considering it’s only off the consensus by 0.5%). Expects in-line guidance for Q1 revenue of $26.5 billion to $29 billion (+17% to 28% year over year) versus a $27.65 billion consensus. ... -
Finance 0
Draghi Says Further Easing Possible
Mario Draghi presented his reasons for another round of monetary easing when he spoke to the European Parliament in Strasbourg, France Monday pointing to poor growth in wages and rising concerns about weak inflation which would justify more action by the European Central Bank. The ECB president also set out his views on Britain’s attempt to renegotiate its EU membership terms, saying a fix “that would anchor the United Kingdom firmly within the EU while allowing the euro area to integrate further would boost confidence”. Mr Draghi hinted late last month that his policymakers will inject more stimulus into the eurozone economy at their n...
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