The fairest tax of them all is the lottery. It is voluntary, it is not levied; you are not forced to buy a ticket. It is an adult choice. Recently the Powerball lottery changed the game by adding ten numbers. The odds of winning rose from one chance in 175,223,510 to one in 292,201,338. Let’s put…
Have you been eager to see how Regions Financial Corporation (RF – Analyst Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this AL-based popular bank’s earnings release this morning. An Earnings Miss Regions Financial came out with earnings per share of 19 cents, missing the Zacks Consensus Estimate of…
In the stock market, a stock that looks cheap but keeps going down is known as a “falling knife”. If that’s the case, Vince Holdings (VNCE) could be considered a “falling broadsword”! When the stock first showed up in the Magic Formula screens on March 23 at $17, it had fallen over 54% since peaking over $37 last November….
With less than 2 weeks left until the “debt ceiling accident” that Jack lew has warned about, T-Bills (maturing beyond Nov 3rd) are being dumped wholesale. Oct 29th Bills are trading -1bps but Nov 12th Bills are up 6bps at 12bps, the 1-month WI is at 16bps. Of course, equity markets will be the last to notice…
Note: The NYSE has released new data for margin debt, now available through September. We’ve updated the charts in this commentary to include the latest numbers. The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let’s examine the numbers and study…
Harley-Davidson Inc. (HOG – Analyst Report) is the world’s leading designer and manufacturer of heavyweight motorcycles and related products and merchandise. The company is expanding its product portfolio to increase its customer base. Operating income of the Financial Services segment has also finally started improving after declines in the last two years. However, lower shipments and unfavorable…
The popular TV program Person of Interest starts with the phrase: “You are being watched.” A byproduct of this magnificent information age is that governments, companies, hackers, and nearly anyone else can watch you. No doubt there are benefits to this. When you know your customer, you can improve almost every angle of your business. Service, marketing,…
It’s been quite a wild ride for The Dow over the last 24 hours. Panic-buying into last night’s cash close was eviscerated by IBM. Then, following reports of a 15% cut in components orders according to the China Times, AAPL has lost ground, also weighing the Dow down. With AAPL not helping… But, weighed down most by…
US residential construction, driven by a surge in new multi-family projects, increased by a solid 6.5% in September, the Census Bureau reports. The rise beat forecasts and signals that the housing market remained on a recovery track. At the same time, newly issued building permits dipped 5% last month, suggesting that the housing market’s growth…
Be careful in analyzing this data set with a microscope as the potential error ranges and backward revisions are significant. Also the nature of this industry variations from month to month so the rolling averages are the best way to view this series – and still the data remains in the range we have seen…
