We’ve got 3 stocks for you today that our team is bullish on — Cameco Corporation (CCJ), Fiat Chrysler (FCAU), and Yatra.com (YTRA). Cameco Corporation (CCJ) is one of the largest uranium producers in the world, which makes it a great way to play the coming rebound in the uranium market. Back in 2011, the Fukushima…
The Producer Price Index year-over-year inflation declined from 3.0 % to 2.6 %. Analyst Opinion of Producer Prices The Producer Price Index declined year-over-year. Food prices did moderate. Here is what the BLS said in part: A major factor in the April advance in prices for final demand services was the index for machinery, equipment,…
Walmart (WMT) announced it has signed definitive agreements to become the largest shareholder in Flipkart Group. The investment will help accelerate Flipkart’s customer-focused mission to transform commerce in India through technology and underscores Walmart’s commitment to sustained job creation and investment in India, the company said. Subject to regulatory approval in India, Walmart will pay…
Are we stuck in a loop? This morning, despite President Trump moving the Doomsday Clock up another minute by unilaterally (which means without the agreement of ANYONE else who participated) withdrawing from the Iran Nuclear Treaty, which was put together after years of diplomacy with a dozen countries – including China. Now the World has to decide who…
Today’s release of the April Producer Price Index (PPI) for Final Demand came in at 0.1% month-over-month seasonally adjusted, down from last month’s 0.2%. It is at 2.6% year-over-year, down from 3.0% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.2% MoM, down from the previous…
Oil prices are going nuclear as President Donald Trump pulled out of the Iranian nuclear accord creating a new risk dynamic for global oil markets. The decision by president Trump to pull the plug on what he said was a horrible deal comes as global oil demand is rising and the lack of investment in…
This chart looks at the Gold/US Dollar ratio over the past 7-years. Gold bulls want to see this ratio heading up and they get disappointing news when it falls in price. Since 2011, the ratio started creating falling channel (1) and broke below it back in 2013. The rally that started back in 2016, saw the ratio make…
It’s official — house prices are now as high as they were at the bubble peak in 2006 according to the S&P/Case-Shiller 20-City Composite Home Price Index. Moreover, Americans believe they will continue to soar, according to an article by Quentin Fottrell at MarketWatch. That makes sense from the perspective of behavioral finance. People often extrapolate recent price…
10Y yields rose above 3% again overnight, so I guess Jamie Dimon is getting closer to being “right” all the time. I’m just kidding. Jamie Dimon was just spitballing and you people blew his comments out of proportion. But hey, I can’t blame you. “Jamie Dimon Says 10Y Yields Are Headed To 4%” is a good…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.43%) this morning are up +0.43% at a 2-week high and European stocks are up +0.16% at a 3-month high. A rally in energy stocks is boosting the overall market with a +2.58% surge in Jun WTI crude oil(CLM18 +2.85%) to a 3-1/2 year high. Crude oil has moved…
