OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +1.15%) this morning are up +1.06% and European stocks are up +2.35% as energy producers gained as crude oil rallied and on carry-over support from yesterday’s FOMC meeting where the Fed pledged patience on raising interest rates. European stocks also received a boost after German investor confidence rose…
Jabil Circuit Inc. (JBL – Analyst Report) reported first-quarter fiscal 2015 earnings (including share-based compensation) of 46 cents per share, which convincingly beat the Zacks Consensus Estimate of 40 cents. However, earnings per share declined significantly from 54 cents reported in the year-ago quarter. Jabil Circuit Inc, which makes phone casings for Apple Inc. (AAPL – Analyst Report), posted a…
The U.S. economy can handle higher interest rates, and the Federal Reserve’s policy-making committee has signaled such a move is likely by summer. The Fed has kept short term borrowing rates near zero since December 2008 to support recovery from the financial crisis; however, the economy is picking up steam—GDP growth should be in the range…
Since 2010, the average return for our weekly best scoring small caps has outpaced the R2K by a median 711 bps over the following year. The best performers from one year ago are HA up 164%, UEIC up 65%, and ODFL up 50%. The best small cap sector is utilities. The top small…
“Normal” Dow: Click on picture to enlarge Nikkei: Click on picture to enlarge
Yesterday’s update of the Federal Reserve’s quarterly economic forecast is a minor triumph for optimism. The central bank still expects that US GDP in 2015 will increase in the range of 2.6% to 3.0%, unchanged from its previous estimate in September. That’s a mild expansion, but it’s a step up from the Fed’s 2.3%-to-2.4% GDP outlook for…
Wheeee – what a ride! As we expected, the anticipation of the Fed doing something wonderful led to a big rally in the morning and the fact that the Fed didn’t actually do anything at all wasn’t enough to stop the party train once it left the station. At the moment, we are expecting…
A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service. This should be tremendously beneficial for users in emerging market countries who may not have access to banking services. Coins.ph firmly…
CNBC’s Futures Now interviewed Peter Schiff yesterday to hear what he expects from the Federal Reserve’s announcement this afternoon. They also spoke at length about gold, which Peter points out hasn’t gone down at all in 2014 contrary to many expert forecasts. In fact, when priced in other global currencies and stock markets, gold has…
Flowers Foods (FLO) sells bread and cake products under the Nature’s Own, Wonder, Cobblestone, and Tastykake brands, among others. The company has a market cap of $3.9 billion and a dividend yield of about 2.9%. Excluding the impact of spin-offs and divestitures, Flowers Foods (formerly Flowers Industries) has paid steady or increasing dividends since 1987. …
