CSX Corporation (CSX – Analyst Report), a leader in rail shipping and logistics services, reported its Q3 earnings after the closing bell today. Coming off of a 5.66% earnings surprise last quarter, investors were hoping the company could continue its success. CSX relies heavily on shipping coal, and thus and decline in domestic coal shipment…
While yesterday’s JPM results missed from the top to the bottom, coupled with a surprising and aggressive deleveraging of the bank’s balance sheet which has shrunk by over $150 billion in 2015 mostly on the back of a decline in deposits, Bank of America reported numbers which were largely the opposite when it printed a…
For the most part, trading success comes from years of experience, lots of screen time and a certain set of universal qualities. Fortunately, these qualities are all attainable with the right frame of mind. The following article should get you to think critically about your own trading habits so that you can develop better ones…
Delta Air Lines (DAL) and BlackRock (BLK) released their third quarter earnings reports before opening bell this morning. Delta posted adjusted earnings of $1.74 per share, a 45% year over year increase, on revenue of $11.1 billion, compared to the analyst estimates of $1.72 per share in earnings and $11.1 billion in revenue. BlackRock posted…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.03%) are down -0.08% and European stocks are down -0.61% at a 1-week low on disappointment in company Q3 earnings results. Intel is down nearly 3% in pre-market trading after saying a slowdown in demand may curb sales at its server-chip division, and JPMorgan Chase is down over 1% in pre-market trading…
China CPI slowed more than expected to 1.6% in September vs 1.8% expected and resulted in stock markets falling once again in Asia. CPI now slowed 3 straight months indicating a reduction in prices and a slowdown in the economy. AUD, CAD and NZD dropped versus the USD. EURUSD reached a 3 week high at…
Most economists will agree that commodities are subject to ‘boom and bust’ cycles – their prices can hit unfathomable peaks or bottom out at heart-wrenching lows, and these divergences are inevitable – the question is just ‘when?’. This is a question that oil traders have been asking themselves for months now, as the price of…
When China was closed for one week at the end of September, something which helped catalyze the biggest weekly surge in US stocks in years, out of sight meant out of mind, and many (mostly algos) were hoping that China’s problems would miraculously just go away. Alas after yesterday’s latest trade data disappointment, it was…
Rising uncertainty about the global economy continues to boost demand for US Treasuries. “It’s all a global growth fear trade,” Priya Misra, head of global rates strategy at TD Securities, tells Reuters. Expectations that China will continue to slow, coupled with forecasts of weaker growth in the US and Europe relative to recent projections, are inspiring new…
It’s no secret that I think most investors should index. To be more precise, I’d call most “investors” savers. And if you’re treating your portfolio as if it’s your savings then your financial goals are pretty simple: 1) outpace inflation and 2) reduce the risk of permanent loss. You don’t need to “beat the market”…
