Hess Corporation (HES – Analyst Report) is an integrated energy company engaged in oil and gas Exploration & Production (“E&P”) and refining as well as marketing. The company’s E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announce...
Recession calls will once again be proved false…… “Davidson” submits: In spite of wide spread fear that the global economy is collapsing, a majority of forecasts that recession is upon us and that markets will fall to as low as 5,000 (Dow Jones forecast by some), the US economy reflects nothing but expansion. Multiple reports the past 10days support the view that economic expansion is alive and well. Today, New Single Family Home Sales were reported with a Monthly Supply at 5.2mos. The chart shows the strong correlation with Residential Construction Employment. As long as we remain below 6mos supply of Single Family Houses for Sale, D...
Quantitative Easing is a policy meant to lower long term interest rates and reignite the economies after the Global Financial Crisis. The vast amount of money created by the Fed, the BOE, the BOJ and most recently the ECB has not inflated prices. The worries about inflation or even hyperinflation never materialized, at least not in the developed world. However, money that went from central banks to bonds not only raised bond prices and lowered yields (the intended consequence) but also crowded out / released money to look for other assets: stocks and also prices of homes in various places. The Fed usually saw this as a wealth effect: mor...
Is it me or is the Nasdaq 100 building an orderly little bull flag that could theoretically launch the final stage of its bounce along with the market? Short-term traders only, should take note. The market remains in a bearish intermediate trend....
I was sure the email I got from Fitbit yesterday was a joke. It said I earned some kind of badge having to do with footwear or living in the city or both. Here’s the message I got… So, yes, I wear a Fitbit bracelet. It tracks some of the exercise I do. Though I estimate just a fraction. It doesn’t track my bike rides. Or the elliptical machines I use at the gym. But this article isn’t a critique of the Fitbit bracelet. A company sent it to me as a gift. Fitbit has higher-end and more updated models now. I’m sure they work better than mine. I chuckled when I read the email, though. I had just returned from a weeklong vacation. Did a ...
General Dynamics Corporation (GD – Analyst Report) is the third-largest U.S. defense contractor after The Boeing Company and Lockheed Martin Corp. This Falls Church, VA based firm is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft. However, the company operates in a highly competitive market. Some competitors may have extensive or specialized business segments, superior to GD. On the other hand, some customers might develop their own products and directly compete with the company for sales. The company has to keep upgra...
This weekly chart shows you all you need to know about what Apple (AAPL) must do going forward. Break below this month’s lows, and it could see that move that takes us well into the $80’s. You also have a massive head and shoulders pattern on the weekly chart that has formed over the past year-and-a-half, but has yet to confirm. Break below the January lows, or worse, the August Flash Crash lows and it gets really ugly from here. For now, the trade has yet to do this and the risk reward is extremely favorable if you play the bounce off of the $95-ish level. I actually like this a lot as a trade setup right now. For now, I am...
S&P 500 The S&P 500 initially fell on Tuesday, testing the 1860 handle. The 1860 handle offered quite a bit of support yet again, and we turned back around and formed a nice-looking hammer. The hammer of course is a very bullish sign and as a result I think that we will trying to grind our way higher. However, today is the FOMC Statement, and that can have a drastic effect on stock markets in America. Ultimately, I do think that we are going higher and reaching towards the 1950 handle, but it’s likely that it will be a fight to get above there. Once we do, I feel that this market goes much higher though, as the resistance will have ...
Apple (AAPL) is far from the only iconic U.S. company that’s signaling a global slowdown. Three more are in the news today: Caterpillar warns equipment sales still falling (CNBC) – Caterpillar (CAT) saw retail sales of machinery fall 16 percent worldwide for the three-month period ended in December, the construction and mining equipment company said on Wednesday. Caterpillar, which is due to report earnings on Thursday, has been pressured by the global slowdown in the energy and mining industries. The company said retail sales to resource industries worldwide fell 38 percent over the three-month period, while retail sales to the energy ...
The Preliminary GDP numbers coming out of London and the Unemployment Claims number coming out of Washington DC will have an effect on the markets in general so having said that it is very likely that we will have quite a few trading opportunities around the world as both of these economies move so much in the world’s GDP. WTI Crude Oil rallies The WTI Crude Oil market rallied during the course of the session on Wednesday, but we still see quite a bit of resistance just above. Example, the $32 level looks like an area that could cause quite a bit of resistance. On top of that, we think that the $34 level will be as well. We are simply waiti...