FedEx Corporation’s (FDX – Analyst Report) second-quarter fiscal 2015 (ended Nov 30, 2014) earnings of $2.14 per share fell well short of the Zacks Consensus Estimate of $2.22 per share. The earnings miss was primarily attributable to lower-than-expected revenues in the quarter. Moreover, results were hurt by higher aircraft maintenance expense. The earnings miss resulted in the…
CLICK ON CHART TO ENLARGE Crude Oil has traded inside of rising channel (A) for the past couple of decades and not even the financial crisis in 2009 could cause Crude Oil to break support of this rising channel. The break below the multi-year pennant pattern a couple of months ago has caused a good…
Hope abounds once again this morning. Stocks are up (albeit off their overnight highs) thanks to AUD/JPY and the Ruble is ‘stabilizing’. However, the two crucial factors for recent volatility – crude prices and credit spreads – continue to slump. WTI crude is back below $55 (trading as low as $54.60 this morning) and HY credit spreads have…
The latest tell comes as Gunvor, the #5 gold trader is getting out of the biz basically admitting large scale fraud. Their reason demonstrates why Austria may try and repatriate their gold. It is too late for that. Per Bloomberg, “Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding…
Since 2010, the best scoring names in our weekly mid cap reports have outpaced the S&P 400 by an average 4.43% in the following year. The best performers from our list from 1 year ago are KNX up 77%, ILMN up 76%, IRF up 57%, LVLT up 55%, and AAP up 47%. The best mid…
The stock whisper of the day is: (SPY). Video Length: 00:04:44
Microsoft Corporation (NASDAQ:MSFT) is not planning to unveil any flagship Windows Phone at next year’s MWC conference, which will take place in Barcelona from March 2 to March 5. Prior to the big event, Microsoft will reportedly release a low-end smartphone that will be used primarily to tap into emerging markets. The new low-end smartphone, Lumia…
One of the winningest NFL coaches of all time, George Allen, was famous for saying that “the future is now.” It’s a powerful idea… and it’s one by which Mebane Faber clearly abides. You see, Faber’s firm, Cambria Investment Management, launched its brand-new (and powerfully disruptive) Global Asset Allocation ETF (GAA) this week. And at first glance,…
Video Length: 00:28:33
After months of consistent predictions by the mainstream media that markets would only march higher, airtime is now dominated with one simple question: “How big will this correction be?” That is the question that I want to explore in more detail strictly from a technical viewpoint. Since the end of the Federal Reserve’s last round of “QE,” market…
