Photo Credit: Peter Fletcher Nike (NKE) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports December 22, After Market Closes Key Takeaways The Estimize consensus calls for revenue of $7.838 billion and EPS of $0.89, slightly more bullish than Wall Street’s estimates. Nike’s long term growth will be driven by strong global reach, ongoing product innovations…
While contracts have rolled, we thought it worth noting that January WTI Crude just flushed to a $33 handle for the first time this cycle. Feb crude (the current front-month) is down almost 2% to its series lows around $35.35… The January contract expires today.
With $7.7 billion in debt at about 5.4x EBITDA Weatherford WFT is one of the most-highly indebted oilfield services companies. Oil & gas E&P is in the doldrums. Worse, Weatherford generates over 30% of its revenue from North America land drillers — one of the industry’s hardest hit sectors. However, the stock has held up…
3.5 days That’s all the time we have left as the US Markets (and who cares about any others?) close at 1pm on Thursday for Christmas though that doesn’t stop us from cramming in a whole lot of Economic Data this week including tomorrow’s 3rd Estimate of our 3rd Quarter GDP, which last clocked in at 2.1%…
Us stock market at a logical bounce point. Sometimes it really is this simple. It looks like a bounce point, doesn’t it? Of course it does.It also looks like a new downtrend. That’s just a chart. There is a lot of other information that goes into the plan, but the chart is on plan (including…
US economic growth in November remained below the historical trend rate for the second month in a row, according to this morning’s update of the Chicago Fed National Activity Index. Revised data for the benchmark’s three-month moving average (CFNAI-MA3) slipped to a negative 0.20 reading last month–down slightly from -0.18 in the previous month and the lowest…
No doubt junk bonds have stunk it up the past “two years” diverging against the S&P 500. Historically, when Junk is weak, the broad market tends to struggle to move much to the upside. Junk bond ETF (HYG) hit its 50% Fib retracement level last week of the 2009 lows and 2013 highs. As it…
In the summer of 1885 William R. Travers, prominent NYC businessman and builder of Saratoga Race Track, was vacationing in Newport, Rhode Island. He pointed out a long line of beautiful yachts tied up in the harbor. When he was informed that they all belonged to Wall Street brokers he simply asked, “Where are their…
With $1.5 trillion (excluding money market assets) of mutual fund assets under management and a wide variety of mutual funds spanning various sectors, Fidelity Investments is one of the largest and oldest mutual fund companies in the world. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance…
With $1.5 trillion (excluding money market assets) of mutual fund assets under management and a wide variety of mutual funds spanning various sectors, Fidelity Investments is one of the largest and oldest mutual fund companies in the world. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance…
