Baxalta (BXLT) was recently spun-off from Baxter International (BAX) on July 1st, 2015. The company has 16,000 employees and around $6 billion in expected revenues. Baxalta is expected to have around $2.15 in earnings-per-share in its first full fiscal year. The company has traded around $32 a share since the spin-off. This translates to a price-to-earnings ratio…
The US stock market has witnessed its share of turbulence in recent months, but the jump in price volatility hasn’t dented the leadership role of the health care sector. At the opposite extreme: energy companies continue to dominate the field in the category of downside momentum. Based on a set ETF proxies, the Health Care…
Some handy graphics from FloatingPath… Factory Orders increased in June (note: USD was weak in June) and had been on par throughout the ‘expansion’ after the big reversion in 2009. Most recently, growth is in a negative trend (again, hello Uncle Buck). Unfilled orders have been declining as manufacturers play catch up to their bookings……
Some handy graphics from FloatingPath… Factory Orders increased in June (note: USD was weak in June) and had been on par throughout the ‘expansion’ after the big reversion in 2009. Most recently, growth is in a negative trend (again, hello Uncle Buck). Unfilled orders have been declining as manufacturers play catch up to their bookings……
OVERNIGHT MARKETS AND NEWS September E-mini S&Ps (ESU15 +0.66%) are up +0.44% led by strength in energy producers as crude oil (CLU15 +0.57%) gained. The markets will look to this morning’s Jul ADP employment change to gauge the strength of the U.S. labor market that may provide clues as to when the Fed will begin to raise…
Curious why after its massive drubbing yesterday, which led to the second highest volume day for AAPL stock in 2015, the phone market is down another 1.3% this morning? The reason: Wall Street’s momentum chasing penguins have re-emerged, and moments ago Bank of America, right on time as in just after the stock broke its…
Another Ominous Record is Set We have frequently mentioned the mutual fund cash-to-assets ratio in these pages, mainly because it has never been as persistently low as in recent years. At the beginning of the secular bull market in the early 1980s, it routinely inhabited the exact opposite end of the spectrum. Photo via scpeanutgallery.com…
Gold prices ended nearly flat on Tuesday as some investors moved to the sidelines ahead of Friday’s monthly jobs report. The XAU/USD pair traded as high as $1097.66 an ounce but retreated back to $1086 level after Atlanta Fed President Dennis Lockhart, a voter this year on the Federal Open Market Committee, commented on the…
● US factory orders rise in June–first increase in 3 months ● US small-business borrowing rises to record in June ● Redbook: US retail sales advance in July ● CoreLogic’s US Home Price Index surges 6.5% for year through June ● Eurozone retail sales sharply lower in June ● Gallup’s US Economic Confidence Index falls to 9-month low in July…
Don’t look now, but the US is staring down not one but two trillion-dollar bubbles, both of which have been documented here extensively. The first is the US auto loan bubble which has ballooned to $900 billion on the back of loose underwriting standards. Don’t believe easy credit is behind the inexorable rise in auto loan…
