Tuesday, February 9 Wednesday, February 10 Thursday, February 11 Disney (DIS) Consumer Discretionary – Media | Reports February 9, after the close. The Estimize consensus is calling for EPS of $1.46, two pennies ahead of Wall Street, and indicating YoY growth of 15%. Revenues currently stand at $15.33B, quite a bit higher than the Street’s…
I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates. The combination leads to an awfully lot of false…
For February 9, 2015, here’s the top stock market news and stocks to watch… Stock Futures Today Futures for the Dow Jones Industrial Average (DIA) today (Tuesday) are under pressure – projecting a 125-point decline. The Japanese 10-year bond turned negative for the first time in history. The Nikkei fell by more than 5% as investors continue to lose…
Coca-Cola released its fourth quarter earnings report before opening bell this morning, posting comparable earnings of 38 cents per share, which was ahead of consensus at 37 cents, and $10 billion in revenue, which also edged out consensus at $9.9 billion. In the fourth quarter of 2014, Coca-Cola reported sales of $10.9 billion. Management said…
Hot stocks of the day: SPY, USO, FCX Video length: 00:04:21
The title is a paraphrase of “the scariest gold chart in the world” (target below $400) someone sent me in 2009, just before the gold price began its $900 per ounce upward journey. So that’s the contrarian caveat and indeed, I hesitate to write bearish things at a time when small speculators are way too short the…
When assets reach prior highs, its time to pay attention from a Risk On & Risk Off basis. The chart on the left is Silver, going back to the mid 1970’s. As you can see it reached $50 in the early 1980’s and then quickly reversed, losing over 90% of its value in the next…
The German DAX 30 (DAX) is short-term oversold this morning and looks ready for a bounce. However, with the overall trend being bearish below Friday’s high of 9490, most traders will see a correction to yesterday’s breakdown level of 9260 as an opportunity to add to their bearish exposure. The alternative scenario is a break to yesterday’s…
Yesterday’s desperate scramble by Deutsche Bank (DB) to comfort markets about its liquidity position worked, for about three hours. And then, the bank which really should just keep its mouth shut, did the opposite and reminded an already panicked market just how “serious” things are, in the parlance of Jean-Claude Junkcer, when in an internal memo, the…
EUR/JPY: With price rejection now seen, EUR/JPY looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim at the 128.50 level. A turn below here will target the 128.00…
