Apple is important. Perhaps the most important company not only for the Dow Jones, but because it also happens to be the largest company by market cap, in the world. As such nobody will be happy that moments ago AAPL reported results which were in a word, lousy. It wasn’t so much the earnings, because…
SuperBull Club RBC Capital Markets chief U.S. market strategist Jonathan Golub joined the SuperBull Club today. Golub says Years Left to Go in S&P 500 Bull Market. The U.S. economy’s slow recovery may extend another six years, potentially doubling the duration of the bull market in equities, according to RBC Capital Markets chief U.S. market strategist…
“The more I look at it, the less benign this bailout deal appears. Indeed it looks to me as if it was set up to do considerable damage to the Greek economy. Once this becomes apparent, Greeks are surely likely to change their minds about staying in the Euro. And I’m afraid I think this…
GoPro, Inc. (NASDAQ:GPRO) released its second quarter earnings report after closing bell tonight, posting adjusted earnings of 35 cents per share, a 72% year over year increase, on revenue of $419.9 million. Analysts had been expecting earnings of 26 cents per share and revenue of $395.22 million. In last year’s second quarter, the action camera…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
Assuming there are no complete breakdowns or abrupt U-turns among Greek and/or German lawmakers, it appears as though formal discussions on the new Greek bailout package will commence and, in all likelihood, the country will enter a new €86 billion program. A large portion of the funding will come from the ESM – Europe’s rescue…
First, precious metals peaked and began drifting lower. Then copper fell, oil plunged and it became obvious that these weren’t isolated events. The entire commodities complex — that is, all the physical inputs a modern economy uses to power, transport and build stuff — was in sustained decline. Here’s the Bloomberg Commodities Index over the…
Chipotle Mexican Grill, Inc. (NYSE:CMG) released its second quarter earnings report after closing bell tonight, posting earnings of $4.45 per share, a 27.1% year over year increase, on $1.2 billion in revenue, a 14.1% year over year increase. Analysts had been expecting earnings of $4.44 per share and revenue of $1.22 billion. In last year’s second…
The stock market is a constantly changing beast that loves to cause the greatest pain to the largest number of participants possible. What I mean by that is if the majority of investors are positioned bearishly, the market will likely head higher and force them to cover. Conversely, those that are overly bullish near the…
Gold and the mining stocks have been absolutely crushed lately. The plunge in price after a nearly four-year bear market has investors panicking. In fact, during the 10%+ decline in the gold mining equities indexes yesterday, the fear was almost palpable. It’s very easy to say, “be greedy when others are fearful,” but it’s another thing entirely…
