Posting fiscal Q2 earnings results after the closing bell Tuesday, The Walt Disney Company (DIS – Free Report) outperformed estimates on both top and bottom lines, and rather significantly. Earnings of $1.84 per share was well in front of the $1.68 in the Zacks consensus, while revenues of $14.58 billion easily outpaced the $14.23 billion estimated, up 9%…
Despite last month’s substantial revisions that wiped out most of “residual seasonality” from the seasonally adjusted revolving consumer credit series, it still remains for this year. The Federal Reserve staff eliminated the large swings in credit card use pivoting around the Christmas holiday. Consumers buy up a lot of stuff in advance of it, and…
A discussion on why Q1 earnings season isn’t getting the respect it deserves, and why a lot of that may have to do with the Q2 outlook. Audio Length: 00:46:26 This week on the Estimize Roundtable, Estimize’s CEO, Leigh Drogen and SVP of Media, Christine Short, are joined by DataTrek Research co-founders Nick Colas and…
As we highlighted in a prior post, when the dollar rallies, companies with domestic exposure tend to outperform their multi-national peers.Since small-cap stocks tend to have little in the way of international exposure, they tend to be a big beneficiary of dollar strength. Look no further than the relative strength chart of the Russell 2000 versus the S&P…
I noticed the strangest thing – if you look at the S&P 500 and Bitcoin, they are virtually in lockstep. Taking a closer look, just at this year, the correlation seems even tighter still: Why is this? Animal spirits? The public adulation for speculation running in parallel irrespective of asset class? It would seem so. And it would further…
Video length: 00:09:45 Stocks end the day flat as POTUS announces the withdraw of the Iran deal as expected. Historical volatility continues to be greater than implied volatility giving traders an opportunity to flip the iron condor the other way. Watch tonight’s video newsletter update for trading opportunities and an overlooked earnings announcement you’ll want…
In this week’s edition we look first at the reflation trade and specifically combined futures positioning in crude oil, copper, equities, the US dollar, and treasuries.Then we look at the US dollar index and why the chart shows it could be more than just a short squeeze. Then we move in to some longer term…
Video length: 00:11:09
Gold was up half a percent year-to-date through last Friday. This doesn’t sound very exciting, but over the same period, the S&P 500 Index was in the red—the first time in nearly a decade that stocks have been negative for the year through the beginning of May. The yellow metal is doing the one thing…
