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Author Archives: Darren Marchal
GameStop Slips After CEO Resigns Only Months After Taking Top Pos
Shares of GameStop (GME) were trading lower after its chief executive officer resigned from the position for personal reasons, effective immediately. WHAT’S NEW: Before the market open, GameStop announced the resignation of CEO Michael Mauler for personal reasons and said that the board had appointed Daniel DeMatteo as interim CEO. DeMatteo, one of the game…
Promoting diversity within a corporate world
April 2018 saw the deadline for the new gender pay reporting regulations pass, and it is clear that there is still some way to go before there is pay parity between the genders. In 2010, the European Commission officially named gender balance as a priority on its political agenda. Yet, eight years on, it is questionable…
Bank Reserves Appendix; One Additional Case Study
Early last month, Deutsche Bank replaced one CEO pledged with paring back the bank’s ailing franchise with another committed to doing the same thing only more quickly. As I wrote at the time, “Cryan isn’t being ousted because he was wrong, but because he was right.” In comes Christian Sewing whose plans are starting to come…
ECRI Weekly Leading Index Update – Friday, May 11
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.3, down 0.6 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.87%, up from 3.55% last week. The WLI Growth indicator is now at 4.5, up from the previous week. The…
AUD/USD Showing Signs Of A Bottom?
After shedding nearly 400 pips over the last month, there are tentative signs that AUD/USD may be forming a bottom. Video Length: 04:32
Emerging Markets Hit With Biggest Outflows Since December 2016
For all the rhetoric in recent weeks, the sudden turmoil in emerging markets really boils down to one simple thing: a strong dollar; or put more specifically, the stronger the dollar and the faster its appreciation, the greater the EM turmoil. This is shown simplistically on the following chat mapping the inverse correlation between the strong dollar and the Emerging…
Bear Of The Day: Applied Optoelectronics
Optical networking equipment companies like Applied Optoelectronics (AAOI – Free Report) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38…
The Main Drivers To The Metals – USD And Inflation
Craig Hemke and I chatted yesterday on the back of the USD pullback and slightly weaker than expected inflation numbers out of the US. These are two main drivers of the PM prices where the trends especially if we can project longer term can really take hold. (Audio length 00:10:44)
Export Prices +0.6%, Import Prices +0.3%
Price impacts of tariffs and the dollar are not seen in import prices the past 2 months. Year-over-Year is another story. The BLS Import and Export Price Report shows more movement in export prices than import prices for the second month. All Imports: Import prices advanced 0.3 percent in April resuming the recent upward trend after declining…