Despite a market where the S&P 500 Index (SPX) (SPY) is basically unchanged year to date, two well known consumer stocks hit new all-time highs yesterday. Those are Nike (NKE) and McDonald’s (MCD). One thing to note, without delving too much into the fundamentals, is that these two companies have been mentioned among those who…
One of my favorite movies to watch with my son was “A Knights Tale” starring Heath Ledger. A rag to riches story about a boy given by his father to a Knight as a squire. However, after the Knight dies, the boy takes his place and fights his way to nobility. During his adventure the villain, Adhemar,…
Have you been eager to see how Comerica Incorporated (CMA – Analyst Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based money center bank’s earnings release this morning: An Earnings Beat Comerica came out with earnings per share of 74 cents, beating the Zacks Consensus Estimate of 69…
Industrial output fell again last month, slumping 0.2%, the Federal Reserve reports. Output has retreated in seven of the past eight months, marking the longest run of red ink since 2008 for the monthly comparisons of the nation’s industrial activity. The numbers don’t look much better for the year-over-year trend. Production is still rising in annual terms,…
The cross asset whiplash events, coming at a furious pace unseen since 2009, continue, and while the late September surge driven by a historic short squeeze served to massively boost equities (because as DB’s Jim Reid notes “markets have slowly come to terms with the fact that the ‘great’ global central bank liquidity story of ‘2008-20XX’…
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs…
It’s heartening to see classic technical patterns paying off again. Yesterday morning, I made great profits covering my shorts in MTW, WDC, and STX. This mornings big winner is Quanta Services, which is down nearly 20%. Central bankers or no central bankers, earnings (and patterns) still matter!
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the ten most undervalued companies reviewed by ModernGraham. Each company has been determined to be suitable for Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as investors who are not able or willing to do substantial…
Week 40 of 2015 shows same week total rail traffic (from same week one year ago) and monthly total rail traffic (from same month one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic moderately expanded year-over-year, which accounts for approximately half of movements. but weekly railcar counts continued in contraction….
EUR/USD Signal Update Yesterday’s signals were not triggered and expired as the bullish price action that did occur later was below 1.1379. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered between 8am and 5pm London time. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon…
