With U.S. economic data continuing to deteriorate, many investors, traders, and economists are worried about the possibility of an imminent recession. Such fears are overblown. Here’s why. U.S. manufacturing is still growing Manufacturing data is probably slowing down the most out of all the economic data. After all, U.S. Industrial Production fell 0.2% in September…
Hasbro Inc. (HAS – Analyst Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys categories. Hasbro rolled out its initial line-up of Star Wars: The Force Awakens based toys to retailers in Sep 2015. The theatrical release of Star Wars: The Force Awakens…
I recently was asked by a college student majoring in economics how she should prepare herself for a career. Gabby Beamon of Penn State (name used with permission) has identified two industries she was interested in working in, and she had the goal of eventually becoming a CEO. Here’s my advice, which would apply to…
Adesto (NASDAQ: IOTS) doesn’t look like much on the surface – flat revenues, consistent losses in a heavily commoditized business – computer memory. So it’s not surprising that they just reduced their proposed price to $7/share with their tier-2 underwriting team of Needham, Oppy and Roth. It’ll be a very small capitalization company at the new price –…
The Euro remained close to a 10-day trough versus the US Dollar as investors ponder a looming policy meeting for the European central Bank. Analysts believe that the ECB is likely to hint at the possibility of additional easing before the year’s end, which would be the latest attempt to jumpstart a flailing Eurozone economy….
Some initial weakness in precious metals after China reported its data last night gave way to a very narro wrang trade until the US morning began to going. At the ubiquitous 8amET witching hour, Gold (and silver) ramped notably (on modest volume) as crude and copper lost ground… but as soon as US markets opened, the…
Houston, Texas-based Halliburton Company (HAL – Analyst Report) is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors. Currently, Halliburton has a Zacks Rank #5 (Strong Sell) but that could change following its third-quarter 2015 results which has just released….
CLICK ON CHART TO ENLARGE The Dow remains inside of a 5-year rising channel. The 10% decline in the Dow this summer, took it down to test rising channel support at (1), which held the last week of August. Since hitting channel support, the Dow has rallied for the past 7-weeks. The Dow closed last week at its 61%…
EUR/GBP: Finds support at 0.7330 The EUR/GBP is falling, with near-term support at 0.7330. We might be buyers of put options in case of a daily close below the support level. In case of a move above the support area of 0.7400, we could be buyers of call options. SILVER: What next? Silver is trying…
Housing starts are expected to rise modestly to 1.147 million units (seasonally adjusted annual rate) in tomorrow’s September update, according to The Capital Spectator’s average point forecast for several econometric estimates. The projection represents an increase from 1.126 million units in the previous month’s report for residential construction activity. The Capital Spectator’s average forecast is…
