The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings modestly declined. The headline view was little changed. Analyst Opinion of JOLTS Data The headline seasonally adjusted view shows little change in…
McDermott International, Inc. MDR recently provided an encouraging first-quarter 2018 operational update, while reaffirming its guidance for the whole year. The company thanked solid backlog conversation in its operational areas along with successful execution of its cost-saving plans for the positives. Following the news, the stock jumped 6.7% in the last session. The company expects its top…
Most economists expect the Fed will hike at least twice more this year. If so, portions of the yield curve may invert. Basis Point Spreads 3-month to 1-year: 36 1-year to 2-year: 23 2-year to 3-year: 15: 3-year to 5-year: 19 5-year to 10-year: 16 1–year to 30-year: 32 If the fed hikes twice more…
Shares of Zillow (Z, ZG) dropped in morning trading after the company announced plans to enter the home-flipping business just in time for the Spring selling season. Zillow, which has focused on just the listing part of the real estate business, announced last night along with quarterly and yearly revenue, that it will expand Zillow Instant…
It all looked so rosy before the open. Banks were up, Boeing was up, The Dow was up… but then humans read the real details under the bank earnings, finally read about Russian sanctions, and saw headlines suggesting China did not fold on Trade Wars… Boeing is ugly… Banks have all turned red… And…
The University of Michigan Preliminary Consumer Sentiment for April came in at 97.8, down 3.6 from the March Final reading of 101.4. Investing.com had forecast 100.6. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was…
A recent Market Research Future report estimates the global data analytics market to grow to $159 billion at a CAGR of 31% by the year 2022. Billion Dollar Unicorn club member Splunk (Nasdaq: SPLK) is counting on this growth as it continues to grow inorganically. Splunk’s Financials Splunk’s fourth quarter revenues grew 37% over the year to $419.7 million,…
As of Sep 30, 2017, total global assets of Deutsche Asset & Wealth Management were $371 billion, while their total U.S. assets were $68 billion. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset…
Attention, please! The leverage in the stock market has been recently rising. As one can see in the chart below, the stock market margin debt surged more than $113 billion in 2017, one of the largest annual surges. Moreover, it was the ninth annual increase in a row. Chart 1: Stock Market Margin Debt (in $ billions)…
I think the bears could be in “grave danger” for two related reasons. First, we have either filled or are about to fill some important price gaps, and second, there is a fairly well-formed basing pattern over the past several weeks, as shown here on the S&P 500 futures: Looking at the same base…
