Mutual funds having significant exposure to diversified bonds are excellent choices for investors seeking steady returns with a relatively low level of risk. Investing in funds that maintain a portfolio of bonds issued across a wide range of market sectors, also reduces sector-specific risk. Moreover, investing in diversified bond funds is preferred to individual bond…
WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump’s Iran decision and a surprise crude draw reported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. US crude production jumped to a new record high. “It’s the time of year when you expect oil draws because refiners start coming back…
Target Corporation (TGT: $71/share) – Closing Long Position – down 13% vs. S&P up 24% Target Corporation was originally selected as a Long Idea on 4/28/15 and reiterated on 1/3/17. At the time of the report, the stock received an Attractive rating. Our investment thesis highlighted strong after-tax operating profit (NOPAT) growth, a rising return on invested capital (ROIC),…
Anyone that follows the market has likely been watching the downtrend that the S&P 500 has been in since the January highs. While the index has repeatedly bounced off of support at the 200-day moving average (DMA), the 50-DMA has been a tough hurdle. In recent weeks we’ve seen rallies fail just as prices have approached…
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
Current sharp turn down from around 1.3000 region can be the first evidence of a completed five-wave recovery, and for a new three-wave pause to be in progress. As such we think first wave a can be underway, which can later be followed by waves b and c. Support for the whole three-wave correction may…
Anheuser-Busch InBev SA/NV (BUD – Free Report), alias AB InBev, reported first-quarter 2018 results, wherein earnings lagged estimates while sales topped. This marked the company’s return to the negative earnings surprise trend, after recording a beat in the preceding quarter. With this, the company delivered negative earnings surprise in eight of the last nine quarters. Moreover, revenues surpassed…
We’ve updated our monthly workforce analysis to include last week’s Employment Report for April. The unemployment rate dropped to 3.9%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 164K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian…
If you’ve ever read up on Social Security retirement benefits, you’ve likely come across a number called the Primary Insurance Amount, or PIA. So just what is PIA? I mean, besides the airport designation for the General Wayne A. Downing, Peoria (IL) International Airport? Primary Insurance Amount – PIA The Primary Insurance Amount (PIA) is…
