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The Davos Confetti Club
The Keynesian elite gathered in Davos Switzerland this past week to pontificate on global economic issues and to strategize the engineering of The Fourth Industrial Revolution. This new so called “revolution” includes a discussion on the future of Artificial Intelligence. Judging by the comments coming from most of the list of attendees, it seems obvious the intelligence on display was indeed faux. But the most important take away from this venue was that central bankers have made it clear to the markets that the level and duration of quantitative counterfeiting knows no bounds. European Central Bank (ECB) President, Mario Draghi, used ... -
Finance 0
Wall Street’s Week Ahead: GoPro Inc., LinkedIn Corp. And General Motors Company
<< Read More: Wall Street’s Week Ahead:Gilead Sciences, Alphabet Inc, Chipotle Mexican Grill and Yahoo! It’s a jam-packed week for earnings. Here is what analysts need to know ahead of reports from GoPro Inc (NASDAQ:GPRO), LinkedIn Corp (NYSE:LNKD), and General Motors Company (NYSE:GM), all of which are reporting in the second half of the week. Read Wall Street’s Week Ahead Part 1, here, to see what’s ahead for other companies reporting this week including Gilead, Yahoo, Chipotle and Alphabet. GoPro Inc GoPro will release 4Q15 earnings on Wednesday, February 3 after market close. Shares of the action camera company plunged... -
Finance 0
Sell AUD/JPY – Barclays Trade Of The Week
The Australian dollar is a “risk” currency while the yen is a “safe haven”. This makes moves quite sharp, and now the team at Barclays sees opportunities: Here is their view, courtesy of eFXnews: We expect China’s PMI to remain in contraction territory and anticipate a below-consensus decline in the Caixin PMI (48.0, versus consensus 48.1, previous 48.2).Weaker data from China are likely to weigh on China-exposed currencies such as AUD. On the other hand, although we expect no rate cut at the RBA’s meeting, we believe that the weak inflation outlook and the relative overvaluation of AUD will require easier financial conditions and... -
Finance 0
ISM Negative 4th Month, Employment Shows Significant Declines
Manufacturing in January continues its dismal track record with the latest ISM reading. Econoday reports … Employment sank the ISM index in January which could muster no better than a 48.2 for what, following annual revisions to 2015, is the fourth sub-50 reading in a row. This is by far the worst run for this closely watched indicator since the Great Recession days of 2009. Employment fell a very steep 2.1 points to 45.9 to signal significant contraction for manufacturing payrolls in Friday’s employment report, which however would not be much of a surprise given the sector’s prior payroll contraction. This is the thir... -
Finance 0
Some More Trade Setups In This Market Bounce
Huge rally on Friday followed up with another gap down today. But the bulls are trying to buy up this dip. I have my suspicions of it though as oil is down over 5% today and stocks are struggling to fight oil’s influence. There’s no doubt that this market can still rally, but if this is assumed to be a dead cat bounce, how much higher can we really expect the market to go from here? With that said, there are a number of long setups I am watching today and the the week ahead. Some of the names that really stick out to me at this time are BLMN, FINL, CREE, M, GWR, WAB, CAT, TWX. The biggest issue will be finding ideal risk setups ... -
Finance 0
What’s Your Gold Profile?
Every well diversified stock portfolio should have some gold. There are a bunch of investors that forget the importance gold has to offer. Even the largest hedge fund in the world, Ray Dalio’s All Weather Fund, has gold. So what are you waiting for? If you don’t have any gold, read this little guide to decide which kind of gold you should buy, if you do, check whether the composition reflects your profile. Gold performed well in times of inflation, deflation and global currency debasement. At the moment there is a big battle behind the curtains between inflation and deflation. For now they keep each other in balance so prices barely go... -
Finance 0
Sysco Beats Q2 Earnings On Improved Margin; Sales Lag
Sysco Corp. (SYY – Analyst Report) markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. Sysco’s growth strategy remains strong and its efforts to accelerate sales, reduce costs and mitigate the ongoing gross margin pressure are encouraging. The company also remains positive on the acquisition front. However, currency headwinds and declining gross margin remains a concern for Sysco. Sysco is also witnessing soft sales growth due to the unfavorable impact of food cost deflation. Investors should also note the recent earnings estimate revisions for SYY, as the conse... -
Finance 0
Glu Mobile’s Downfall Shouldn’t Tempt Long-Term Investors
When I started out as a financial blogger, I was very bullish on mobile gaming companies. Given the expected growth in the mobile gaming sector, I used to believe that the likes of Zynga (ZNGA) and Glu Mobile (GLUU) are poised to be long-term winners. According to research from intelligence firm Digi-Capital, mobile gaming industry was estimated to reach $88 billion in value in 2015. The firm is also forecasting that the sector will continue growing at a CAGR of 8% from 2016 and will surpass the $110 billion mark by 2018. (Source: Digi-Capital) However, I later realized my mistake and inferred that it is impossible for any particular mobile... -
Finance 0
U.S. Manufacturing Remains In Recession As ISM Misses, Contracts For Fourth Month
While January’s final manufacturing PMI print disappointed (52.4 vs 52.6 expectations) and dropped from its initial print, its still managed a seasonally-adjusted bounce off December’stwo year lows. As Markit warned, this is still one of the worst prints in the last 2 years as “the manufacturing sector continues to struggle against the headwinds of weak global demand, the strong dollar, slumping investment in the energy sector and rising financial market uncertainty.” ISM Manufacturing also rose very modestly but disappointed as December’s data was revised lower still with employment crashing to June 2009 l... -
Finance 0
Binary Options Trading Opportunities For February 2, 2016
During the day on Tuesday, we get several mid-level announcements out of the European Union, Great Britain, and then of course New Zealand. None of these announcements will more than likely move the markets drastically, so quite frankly we feel that it’s just simply a matter of following the longer-term trends. Gold continues to rally We believe that every time gold pulls back, you have to be thinking about buying calls as the market looks so well supported. We believe that gold markets are going to reach towards the $1150 level, and therefore have noticed whatsoever in buying puts at this point in time as the bullish traders are so in cont...
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