When I think about the worst places you could have had money over the course of the last month or so two places come to mind. That is China and oil. So it should come as no surprise that today’s Bear of the Day has a Zacks Rank #5 (Strong Sell) rating and is the perfect, unholy…
On July 24, the Conference Board asked the question: Is Wage Growth Accelerating? The Board’s answer was “All signs point to Yes!” One big question regarding the US economy is whether wage growth is accelerating. You might think that this is a pretty straightforward question to answer, but it’s not. There are many measures of…
Diamond Offshore Drilling Inc. (DO – Analyst Report) reported second-quarter 2015 adjusted earnings of 66 cents per share that comfortably surpassed the Zacks Consensus Estimate of 48 cents and also increased from the year-earlier earnings of 65 cents. Total revenue in the quarter decreased 8.4% year over year to $634.0 million. However, the top line came in above…
To say the Euro has been volatile is an understatement. With all the hubbub in recent months, as well as the European Central Bank’s quantitative easing program, the currency has been all over the place. In May, we wrote about how the Euro had made a slight recovery from its $1,06 against the dollar to…
A weak US employment Cost Index (0.2% versus 0.6% expected) was the main reason for the heavy fall of the USD on Friday, especially against the EUR where the majority of long USD traders were positioned. The news came as a shock to those expecting Fed to increase rates in September. Since costs are still…
Tyson Foods, Inc. (TSN) offers a wide array of meat products and commands a strong presence in all beef, pork, chicken and processed food products categories. Continuous product innovations and strong momentum in most of its business segments is driving sales of the company since past many quarters. With a general shift of demand among health…
If China had hoped it would root out intervention by eliminating Citadel’s rigging algos, and unleash a buying spree it was wrong: the Shanghai Composite opened negative, and never managed to cross into the green, despite the usual last hour push higher, ending down -1.1% and down for 6 of the past 7 days. Worse,…
The Canadian dollar is the worst performing major currency over the past month. It has lost nearly 4.5% against the US dollar. That brings its year-to-date loss to almost 12%. There had been two main sources of pressure on the Canadian dollar. The drop in oil prices, which poses a negative terms of trade…
I’ve written about several leading, lagging, and coincident indicators for the economy over the last year. Stocks, real estate, jobs, GDP – each says a different thing about the economy. People get confused by all these various indicators because they don’t understand the differences between them. For example, how the hell do jobs keep growing,…
The bulls managed to get a nice reversal rally going on Tuesday of last week. But, when push came to shove on Friday, the bulls couldn’t follow-through and carry the market meaningfully higher. Though the market finished the week above its key short-term moving averages, it also finished the week pointing in a bearish direction….
