It appears ISM Manufacturing data is reportedly printing 52.7 in July, down from 53.5 prior and missing expectations. This is the weakest print since March as the Q2 bounce is now officially dead. Both imports (lowest since Jan 2013) and new export orders (lowest in 3 years) declined as employment tumbled. In fact every sub-component fell aside…
CLICK ON CHART TO ENLARGE This chart looks at the yield on the 30-year bond. Yields rallied strongly from the first of February to the first of July (up 30%). This strong rally in yields hit dual resistance at (1) above, which was the 38% retracement level and the bottom of a rising channel, which…
Walt Disney Co. (DIS) and DreamWorks Animation SKG Inc. (DWA) are two players at the top of their field in animation, each having their own renowned success stories and producing the highest quality movies. Walt Disney reports its FQ3 ’15 results after the closing bell on August 4th. Currently, the Estimize community, consisting of 81 analysts, is predicting an EPS…
by Michael S. Canter and Matthew D. Bass, AllianceBernstein US mortgages today have little in common with the risky loans made before the housing crisis. But some market participants aren’t treating them all that differently. We think that’s a mistake—and an opportunity. The confusion, in our view, stems from how people assess default risk. Before…
If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion exactly four years ago. Now it’s back at the…
Moments ago GM impressed everyone once again when it reported that in the month of July it sold 272,512 cars in the US, or a 6.4% jump compared to a year earlier. This was an impressive beat to consensus expectations of just a 0.6% increase. What caused this jump? On one hand the relentless surge…
The company’s quarterly earnings of $1.44 per share from continuing operations increased 11% year over year. Excluding the impact of sale of assets, quarterly earnings jumped 6.2% to $1.38 per share. Further, the bottom line surpassed the Zacks Consensus Estimate of $1.36. The Clorox Company – Earnings Surprise | FindTheBest Earnings benefited from enhanced sales…
Frontier Communications Corp. (FTR – Analyst Report) reported mixed second-quarter 2015 financial results. Earnings managed to beat the Zacks Consensus Estimate while revenues lagged the same. On a GAAP basis, net loss in the reported quarter was $28 million or a loss of 3 cents per share compared with a net income of $38 million or 4 cents…
Reports Tuesday, August 4 Report Wednesday, August 5 Report Thursday, August 6 Walt Disney (DIS) Walt Disney reports its FQ3 ’15 results after the closing bell on Tuesday. Currently, the Estimize community, consisting of 49 analysts, is predicting an EPS figure of $1.45 compared to Wall Street consensus of $1.39. EPS YoY growth has registered double…
(from my colleagues Dr. Win Thin and Ilan Solot) EM again starts off the week on the back foot, but losses are (for now) concentrated in the commodity currencies. With commodities (except for iron ore) already under pressure again, this trend looks set to continue. US jobs data Friday is likely to bring the focus back on Fed…
