Tuesday the Dow fell because of weakness from Goldman Sachs (the Dow is price weighted and Goldman has a high price) while the other indexes were mixed. Ignoring today’s action and focusing on the last few weeks of trading, there’s no question the market has been unusually quiet. As you can see from the chart…
So if you were looking for a ballsy bitcoin call, there you have it. Goldman got hit after a FICC fumble that everyone saw coming from a goddamn mile away only to suddenly turn around and act surprised when expectations became reality: The story of the day was of course Netflix, which was sharply higher on…
Last quarter, IBM almost fooled the market when it “beat” but only thanks to using the lowest (until then) effective non-GAAP tax rate in recent history (excluding one charge-filled quarter when the rate was negative and thus N/M). Fast forward one quarter when IBM has done it again: in the three months ended June 30, IBM reported GAAP EPS…
With the ECB meeting this week, the Bank Of Canada raising rates last week, and the Fed continuing to talk about unwinding its balance sheet the markets have only taken notice on the long end of yields. Founder of Providence Financial, Anthony Succaro shares his thoughts on the changing narrative. We address the question of…
Government Helped June Labor Report The private sector drives jobs growth in America, so most economists view public sector growth as bad because it’s unsustainable. The worst case would be a growing public sector and a shrinking private sector since the public sector needs private sector money to survive. As you can see in the…
“We may encounter many defeats but we must not be defeated.” – Maya Angelou And just like the Nasdaq closed at new highs on the back of NFLX earnings. We’ve got more heavy hitters on deck so we should see more strength over the next few weeks if all continues as it has. Buying dips…
Bears, man! WHERE DID YOU GO!? Actually had the S&P 500 down about about 8-9 points lower at one point today, but that ended with a sharp buying spree that took price back up to just below breakeven. There’s no one out there to really push stocks substantially higher, but count on the bulls to rally…
The IBM 2Q 2017 earnings report was released after closing bell tonight, and the company posted non-GAAP earnings of $2.97 per share on $19.3 billion in sales, compared to the consensus estimates of $2.75 per share in earnings on $19.45 billion in revenue. In the second quarter of last year, International Business Machines reported earnings of $2.95…
Ecolab (ECL) is arguably one of the most reliable businesses that money can buy, which is perhaps why the company is a large holding in Bill Gates’ dividend portfolio here. Although Ecolab’s dividend yield is low (1.1%), the company’s long-term growth outlook is excellent and supported by its impressive moat (90% recurring revenue in the form…
On June 27, ECB President Mario Draghi opened that central bank’s international conference in Sintra, Portugal. Most media never made it past the first two sentences of his prepared remarks. For them, the verdict was already delivered in those few lines. They declared that Draghi declared monetary policy was working and the world was on its way…
