In the last trading session, U.S. stocks erased almost all its losses made early in the day as the tech rally tried to partially offset the slew of weak earnings reports. Among the top ETFs, investors saw (SPY – Free Report) lost 0.2%, (DIA – Free Report) was off 0% and (QQQ – Free Report) move lower by 0.1% on the…
Tempur Sealy International Inc. (NYSE: TPX) Shares of Tempur Sealy increased by almost 3% on Thursday after the company posted better than expected revenue. The company posted revenue that beat the analyst estimate for the first time in five quarters. The company reported earnings per share that failed to meet the consensus estimate but that…
Despite a fall in wage growth and jobs created, the unemployment rate fell to December 2000 low of 3.9%. short GBPUSD? Earlier indicators show that a below-estimate US jobs report is possible, which could weigh on the dollar. However, unemployment rate surprised the market with a staggering 3.9%, the lowest since December 2000. – 164k…
Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely…
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Hong Kong (flat), South Africa (flat), and China (-0.2%) have outperformed this week, while Mexico (-5.9%), Brazil (-5.2%), and Turkey (-4.7%) have underperformed. To put this in better context, MSCI EM fell -1.7% this week while MSCI DM fell -0.5%. …
The latest index reading came in at 19.2, down from 20.7 the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that…
American Funds, part of the Capital Group, holds assets worth $1.69 billion as of Apr 30, 2018. It emphasized in improving its active strategies to become the biggest active fund manager, superseding Fidelity. Moreover, the company also focuses on providing low-cost funds, which will offer above-average returns. Low expenses, effective fund management and the resilience…
V.F. Corporation (VFC – Free Report) reported better-than-expected earnings and revenues for the transition period, ended Mar 31, 2018. This marked the company’s third top- and bottom-line beat in the last four reports. The company’s adjusted earnings per share of 67 cents improved 30% year over year and beat the Zacks Consensus Estimate of 65 cents. Earnings per…
V.F. Corporation (VFC – Free Report) reported better-than-expected earnings and revenues for the transition period, ended Mar 31, 2018. This marked the company’s third top- and bottom-line beat in the last four reports. The company’s adjusted earnings per share of 67 cents improved 30% year over year and beat the Zacks Consensus Estimate of 65 cents. Earnings per…
For all its tortured economic history since 1989, Japan has never really had an unemployment problem. Going by its unemployment rate alone, conditions don’t ever appear to be all that out of line. At its worst, in both the dot-com recession as well as Japan’s experience during the Great “Recession”, the highest it ever got…
