There is no simplifying Brazil’s political or economic situation. Anyone “certain” about the outcome is sure to get smacked in its crossfires sooner or later. Corruption might be bi-partisan in the United States, legalized in many cases, but in Brazil, it’s the full multi-party monty. Eduardo Cunha, the Lower House speaker gunning for President (and…
CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.8 % year-over-year year-over-year (reported up 1.1 % month-over-month). Last month’s 6.9% year-over-year gain was revised downward to 6.2% [revisions to previous months lately have been significantly downward so I would not take the 6.9% to the bank yet]. CoreLogic HPI…
With the passage of Q1, everyone may have shifted attention to Q2 but given the heightened volatility in the global market and new shocks or surprises every day, taking a near-term approach may be warranted. Thus, for investors looking for the prospective winners of the first month of Q2, we will highlight a few investing…
The shares of Allergan (AGN) are sinking after the U.S. Treasury yesterday announced new rules that are supposed to eliminate much of the tax benefits of so-called “inversion” deals. Allergan has agreed to be acquired by Pfizer (PFE) through such a deal. According to a number of analysts, the Treasury’s new rules will prevent Allergan’s…
Economists were upbeat heading into today’s report on International Trade in Goods and Services by the BEA. Exports did rise by $1.8 billion, but imports rose by $3 billion widening the trade gap. Year-to-date, the goods and services deficit increased $10.8 billion, or 13.1 percent, from the same period in 2015. Exports decreased $20.5 billion or 5.5 percent….
Photo Credit: Mike Mozart Bed Bath & Beyond, Inc (BBBY) Consumer Discretionary – Specialty Retail | Reports April 6, After Market Closes Key Takeaways The Estimize community is calling for EPS of $1.80 on revenue $3.38 billion, right in line with the Wall Street consensus After a weak holiday season, BBBY indicated that comp sales increased a…
Good times (and volatility) ahead? Luckily, when looking for signs of market momentum, it’s easier to read charts than tea leaves. And some of those charts are giving off good vibes now. First of all, there’s the Weekly Leading Index (WLI) put out by the Economic Cycle Research Institute. Year-over-year growth in the WLI has…
For some reason, I can’t bring myself to shake the old notion that “cash is king.” I get that it hasn’t been the hottest concept on the Street lately, with interest rates as low as they are. But with more than the usual level of uncertainty today (the future of interest rates, the presidential election…
The ongoing feud between Puerto Rico and its mostly hedge fund creditors is promptly shaping up as the next “Argentina”, where “vulture investors” may well end up holding the island commonwealth hostage for years, during which time, however, they won’t get paid. This is shaping up as the latest development in the saga in which…
In the Real Cost of Mining Gold we examine cost reporting in mining which can be made obscure by conventionally used non–GAAP measures. We standardized and reviewed the financial ratios of seven major mining companies historically and rated them based on cash adequacy and operational health. In The Real Value of Gold in The Ground…
