The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to rise fractionally in the June update that’s scheduled for tomorrow (July 23), based on The Capital Spectator’s average point forecast for several econometric estimates. The projection for -0.12 is slightly above the -0.16 reading for May, which reflects a below-average pace…
The problems in Greece and China threw the world markets into a tizzy over the past month. The Greeks seem schizophrenic rejecting then accepting the latest deal from their creditors, while the Chinese government layers on one new program after another to halt the rout in Chinese stocks. Every morning American investors must check the…
The problems in Greece and China threw the world markets into a tizzy over the past month. The Greeks seem schizophrenic rejecting then accepting the latest deal from their creditors, while the Chinese government layers on one new program after another to halt the rout in Chinese stocks. Every morning American investors must check the…
The Semi’s have led the broad market ever since 2012. That is not the be-all, end-all but it is notable. The market has other leaders now, like the speculative momentum going on in Internets and Biotechs along with whatever reason the Banks are still going up despite suspect interest rates (this bears watching because one…
The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. Here is the opening of the report. U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI)….
While this week has been, and continues to be, devoid of macro updates, yesterday’s flurry of mostly disappointing earnings releases both before and after the open, including some of the biggest DJIA companies as well as the current and previously biggest and most important companies in the world, AAPL and MSFT, both of which came…
The Chart of the Day belongs to Installed Building Products (IBP). I found the building contractor stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/2 the stock gained 21.80%, Installed Building Products, Inc….
Brean Capital’s Mike Burton shed light on several top stocks in the technology sector before earnings are released. Four of the companies highlighted by Burton are Skyworks Solutions Inc. (SWKS), QUALCOMM, Inc. (QCOM), Qorvo Inc (QRVO), and Himax Technologies, Inc. (HIMX). Mike Burton has a 66% overall success rate recommending stocks with a +20.8% average return per rating when measured over one year with…
Profit taking cut into the US Dollar’s recent gains, driving it to its largest drop this month. The fall came despite widespread expectations that the Federal Reserve is possibly on the brink of a rate hike. Analysts are expressing some concerns that the Dollar rally may be over, and that the EUR/USD pair may not…
Apple (AAPL) lost $60Bn last night. That’s two Tesla’s, two Yahoos, 3 Twitters, 8 GoPros, and 2/3 of a Boeing, who, on the other hand, had great earnings. Not that AAPL didn’t have great earnings – the company made $10.6Bn, which is roughly 5% of the earnings of the S&P 500, which means AAPL is…
