Latest Posts
-
Finance 0
The Canadian Economy: Was This A Warning?
In my post of January 8, 2012, there was much talk of a potential recession coming to Canada. Since then, you can see from the 5-Year comparison chart below of Canada’s TSX and EEM (Emerging Markets ETF), that they have traded, essentially, lock-step. Both are in bear markets since their highs in September 2014 — the TSX is -20.8% and EEM is -33.79%. The next 3-Year comparison chart shows the big reason why…namely, the gyrating price (both to the upside and downside) of WTIC Crude Oil, which has had a major impact on Canada’s TSX. Oil is -71.45% since June 2014. It would appear that, as goes the pric... -
Finance 0
Ebay Inc. Shares Dive After Earnings, Paypal Holdings Inc. Stock Rises
eBay Inc (NASDAQ:EBAY) and Paypal Holdings Inc (NASDAQ:PYPL) released their fourth quarter earnings reports after closing bell tonight, with the quarter being PayPal’s second report since it was spun off from eBay. eBay reported non-GAAP earnings of 50 cents per share, which was in line with the consensus estimate, and $2.3 billion in revenue, which was also in line with consensus. In the year-ago quarter, the auction site reported 90 cents per share, and $4.9 billion in revenue, although those numbers include PayPal. Excluding PayPal, eBay’ revenue was $2.1 billion for the fourth quarter of 2014. PayPal posted earnings of 36 cents per sh... -
Finance 0
Amazon Is Poised To Remain Profitable With Strong Q4 Earnings: Here’s What To Expect
Photo Credit: Zhao Amazon.com Inc. (AMZN) Consumer Discretionary – Internet & Catalog Retail | Reports January 28, After Market Closes After continually being scrutinized for posting losses, Amazon (AMZN) is coming off two straight quarters of profitability. In 2015, Amazon shares rose 90% and sets the tone for another favorable quarter when Amazon reports Q4 2015 earnings January 28th, after the markets close. The Estimize consensus calls for EPS of $1.64 and revenue of $35.911 billion, slightly higher than Wall Street’s estimates and corporate guidance. Compared to Q4 2014, this represents a projected YoY increase in EPS and r... -
Finance 0
Red Ponzi Ticking
There is something rotten in the state of Denmark. And we are not talking just about the hapless socialist utopia on the Jutland Peninsula – even if it does strip assets from homeless refugees, charge savers 75 basis points for the deposit privilege and allocate nearly 60% of its GDP to the Welfare State and its untoward ministrations. In fact, the rot is planetary. There is unaccountable, implausible, whacko-world stuff going on everywhere, but the frightful part is that most of it goes unremarked or is viewed as par for the course by the mainstream narrative. The topic at hand is the looming implosion of China’s Red Ponzi; an... -
Finance 0
SP 500 And NDX Futures Daily Charts – The Fed Bends A Bit Towards Reality
Need little, want less, love more. There was intraday commentary about the FOMC decision and statement here. Things continue to unfold, slowly but with almost relentless certainty. Have a pleasant evening. ... -
Finance 0
Oil Inventory Hits “Levels Not Seen In 80 Years”; Crude Jumps On News Russia May Cooperate With OPEC
“Levels Not Seen in 80 Years” The supply glut in oil storage continues. Crude inventories hit new all-time highs this past week. The above charts from EIA Weekly Supply Data shows the crude inventory of 494,920,000 (not counting strategic reserves) passed the previous high of 490,912,000 set on April 24, 2015. Reserves, including the Strategic Petroleum Reserve (SPR), reached 1,190,038 barrels, also a record high. Comments From EIA Weekly Report Here are some interesting comments from the Weekly EIA Report. “At 494.9 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least ... -
Finance 0
Facebook Inc. Tops Earnings Estimates
Facebook Inc. (NASDAQ:FB) released its fourth quarter earnings report after closing bell tonight, posting adjusted earnings of 79 cents per share and $5.84 billion in revenue. Analysts were expecting 68 cents per share in earnings and $5.37 billion in revenue. Facebook returns strong results The social network has beat estimates in each of the last five quarters, according to Zacks. In the fourth quarter of 2014, Facebook reported 54 cents per share in earnings compared to the estimate of 49 cents. The revenue results also beat estimates over the last five quarters, although by smaller margins. In the fourth quarter of 2014, Facebook posted $... -
Finance 0
F(r)actions Of Gold
The simple fact of the matter is that gold is no longer money and hasn’t been treated that way in decades. It is a frustrating and often woeful outcome, but deference isn’t a reason to color judgement. As an investment, which is more like what gold has become, it isn’t all that straight, either. Gold behaves in many circumstances erratically; often violently so. In 2008, gold crashed three times; but it also came back (and then some) three times. The metal remains stuck in some orthodox limbo of duality, sometimes acting an investment while at others, more rarely, as almost reclaiming its former status. The junction of that dyad format ... -
Finance 0
Cupertino, We Have A Problem: China’s JD.Com Just Cut Prices On Apple Products By 17%
As readers will recall, one of the bullish catalysts that pushed the market off its August 24 ETFlash Crash lows was an email sent by Tim Cook to Jim Cramer of all people (one which still hasn’t been 8-K’ed), in which AAPL’s CEO said the following: “I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August. Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 week... -
Finance 0
FOMC Statement For January 27, 2016
Net-net the Fed is bothered by the dampening effects of the stronger dollar on exports, and the lack of inflation. They continue to promote the fantasy of a recovery in the labor markets, but that vain hope will dissipate no doubt given time. They may *get it* but their complicity in and personal advancement from a broken system hampers their ability to recognize and act on the real state of the economy, which is a weakening recovery and broad mispricing of risk in financial assets. The Fed has been and is still playing a major role in the failure to reform and recover as advisor, regulator, and central banker. Like the Congress, they are cre...
Top Posts
-
The Importance for Individuals to Use Sustainable Chemicals
-
Small Businesses: Finding the Right Candidate for the Job
-
How to Write the Perfect Thank You Letter After Your Job Interview
-
3 Best Large-Cap Blend Mutual Funds For Enticing Returns
-
China suspected in massive breach of federal personnel data
