Latest Posts
-
Finance 0
Wall Street Demands Exemption From Punishment In Exchange For Guilty Pleas In FX Rigging
Just three days ago in “Wall Street To Enter Hollow Guilty Plea On FX Rigging, Return To Business As Usual,” we lamented the fact that the Justice Department’s latest attempt to convince an incredulous public that the government is willing to prosecute white collar crime at TBTF institutions (which includes an amusing ‘crack down’ on UBS which we outlined here) will ultimately end in nothing more than the payment of a token fine before it’s back to business as usual. We also noted that there are actually SEC regulations in place specifically designed to ensure that so-called “bad actors” are punished in a way that ... -
Finance 0
Is Silver Breaking Out?
Precious metals have been under pressure for a long time, but the three charts below indicate that silver might be breaking out. The last breakout attempt of the white precious metal was capped by the rally of the US dollar (starting August 2014). At this point in time however, it seems like nothing stands in silver’s way, at least today. The first chart shows that silver has broken through its 2014 / 2015 downtrend. The daily chart shows that it did so after testing the trend line two times. Apparently, third time is the charm. Although the breakout was confirmed on the daily chart, it has not been confirmed yet on the weekly chart. The ... -
Finance 0
Early Insights From 13F Day: Qualcomm, Yum, Pioneer Natural
by Stock Pucker It’s here, 13F day that is; in working up the suite of activist investor focused newsletters to go out in a few days, it’s hard not to get distracted by the various other 13Fs from value investors like Seth Klarman coming across the wire. If you want to get a look at last quarter’s major activist newsletter, drop us a line, but here are some things that have caught my eye thus far… There’s a Seth Klarman vs. David Einhorn battle brewing. Einhorn pitched a “short the frackers” thesis at Sohn last week. His main target was the mother fracker, Pioneer Natural Resources (PXD). Klarman revealed that he has it as a to... -
Finance 0
S&P 500 Record Close On The Second Lowest Intraday Price Range Of 2015
The economic news today was not good. The Fed’s Industrial Production index for April posted its fifth consecutive monthly decline. Michigan Consumer Sentiment took a dive, its biggest plunge since December 2012. The market was not particularly troubled. The S&P 500 opened higher, vacillated a bit and hit its -0.20% intraday low with the bad consumer sentiment number. It then traded in its second narrowest intraday price range of 2015. A bit of buying in the final minutes lifted the index to a 0.08% gain and its second consecutive record close. The official yield on the 10-year note closed at 2.14%, down nine bps from yesterday bu... -
Finance 0
Wake-Up Call For B-Dud And The New York Fed Staff – This Isn’t “Transitory”
The “in-coming” data turned into a blizzard of bad news today, but the Cool Aid dispensers at the New York Fed urged us not to fret—–it was all a temporary blip: New York Fed staff economists said in a new report growth should regain some of its swagger after stumbling during a chilly first quarter…… it believes first-quarter weakness was partly due to “transitory factors,” particularly harsh winter weather and labor disputes in West Coast ports: “Consequently, the staff forecast anticipates that growth will rebound to around 2.5% annual rate over the remainder of 2015 and 2016…..” Well, here’s a wake-up c... -
Finance 0
SP 500 And NDX Futures Daily Charts – The Economic Decline Toddles On
Empire Manufacturing, Industrial Production, and even Michigan Consumer Sentiment came in weakly this morning. Stocks were trying to rally, but were just able to hold their ground into the weekend. I get the feeling we are in store for an interesting convergence of appearance and reality later this year. Have a pleasant weekend.... -
Finance 0
The Blackstone Group – Chart Of The Day
The Blackstone Group (NYSE:BX) is the Barchart Chart of the Day. The investment management firm has a Trend Spotter buy signal, a Weighted Alpha of 52.40+, gained 48.99% in the last year and paid an 8.36% dividend yield. The Chart of the Day belongs to the Blackstone Group . I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/31 the stock gained 11.34%. Blackstone is one of the world’s leading investment and advisory firms. Their alternative asset management businesses include the... -
Finance 0
Gold & Silver Surge As Bond-Buying Bonanza Stalls Stocks
What goes up, must come down and while stocks have yet to factor in the Fed’s anti-gravity gun will end one day, bond yields roundtripped in the most dramatic way in 2 years this week. Quite a ride… A reminder (after 5 macro misses today)… And (h/t @ImpartialExamin) from “Money, Bank Credit, and Economic Cycles”… OK – with that off our chest. It was quite a week in general as consensus trades swinging around… Silver 3rd best week in 15 months Gold 2nd best week in 15 months USDollar worst 5-week run since Oct 2010 WTI Crude was rescued last minute to its 9th up week in a row – first t... -
Finance 0
Lowe’s To Report Q1 Earnings: What To Expect?
Lowe’s Companies, Inc. (LOW – Analyst Report) appears strong as it embraces the earnings season with favorable stock price movement, a strong earnings surprise history, positive estimate revisions and strong fundamentals. Shares of this Mooresville, NC-based home improvement retailer have surged roughly 62.6% in the past one year, demonstrating its inherent strength. Positive Earnings Surprise History The company’s primary strength is its earnings surprise history. Of the trailing 10 quarters, Lowe’s has beaten the Zacks Consensus Estimate in 6 while breaking even in one. The average earnings beat over these 10 quarters comes t...
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
