The Chart of the Day belongs to Cato Corp (CATO). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on10/28 the stock gained 8.30%. The Cato Corporation operates as a specialty retailer of women’s fashions and accessories…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 33 = 17,719 SPX + 4 = 2052 NAS + 26 = 4701 10 YR YLD – .02 = 2.33% OIL + 1.50 = 76.00 GOLD + 11.40 = 1195.50 SILV+ .12 = 16.35 Record high close for the Dow Industrials and the…
Another good day sent indices back to highs, but it was the Russell 2000 that probably came out best. Yesterday’s losses in Small Caps were consumed by a bullish engulfing pattern. The index defended its 20-day MA, although stochastics weren’t oversold,which would have strengthened the engulfing pattern. The Nasdaq finished at handle resistance. Volume…
Guest Post by Abrahm Lustgarten, ProPublica.org The U.S. Department of Justice is investigating how Chesapeake Energy (CHK) pays landowners for the natural gas it drills on their property, according to disclosures made earlier this month in the company’s filings with the Securities and Exchange Commission. The probe comes after years of complaints by landowners that they are being underpaid, and an…
Australia, the land down under, may be far away for most people, but its emerging presence on the global startup scene is causing people to start to take note. In Startup Genome‘s industry standard assessment of startup ecosystems around the world, cosmopolitan cities Sydney and Melbourne made the top 20, despite the fact that Australia is a…
Today, market research firm Forrester published a report for brands titled “Social Relationship Strategies That Work.” So: What works? Not Facebook (FB) or Twitter (TWTR). The crux of the research suggests that brands are wasting their time, effort, and money on Facebook and Twitter to diminishing returns. A study conducted by the firm from earlier this year found that posts…
There is quite a bit of volatility in the precious metals as they sit at this important resistance level ahead of what could be an important active month of December. There was little delivery report activity, and the usual dribbles of bullion out of the Comex warehouses as noted below. There is intraday commentary related…
Ross Stores Inc. (ROST – Analyst Report) posted better-than-expected third-quarter fiscal 2014 results, wherein earnings per share rose 16% year over year to 93 cents, above the higher end of the guided range of 83–87 cents. Earnings benefited from better-than-anticipated top-line growth and robust merchandise gross margins. Moreover, earnings surpassed the Zacks Consensus Estimate of 87 cents per…
The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the October year-over-year inflation rate at 1.66%, off the May 19-month high of 2.13%. It is well below the 3.86% average since the end of the Second World War and 29 percent below its 10-year moving average. For a comparison of headline inflation…
WASHINGTON — Jean Andre traveled from Queens to the Federal Reserve Board’s stately headquarters here on Friday to tell the people who make monetary policy that he needs their help. He cannot find regular work on film and photo shoots. The jobs he does find pay less. The Fed’s chairwoman, Janet L. Yellen, agreed to…
