Written by John Lounsbury and Steven Hansen The headlines say new home sales declined from last month. The rolling averages smooth out much of the uneven data produced in this series – and this month there was an improvement in the rolling averages.The data was revised downward in the previous months making the bad headlines even worse than…
Spontaneous Order Somewhere in British Columbia – “Do Not Hump” says the sign on the side of the boxcar. We had no idea why the Canadian Pacific Railway is putting its nose into our private lives. But the authorities are always trying to tell us what to do. As you know, we’re making our way…
Biotech company, Biogen (BIIB – Analyst Report), reported second quarter 2015 earnings per share of $4.22 per share, well above the Zacks Consensus Estimate of $4.07 and 20.9% above the year-ago earnings. Biogen Idec Inc. – Earnings Surprise | FindTheBest The company, however, missed on revenues with second quarter 2015 SALes of $2.591 billion falling short of the Zacks…
Is it just me? Last week while on vacation, the markets surged back to all-time highs as the Greek and China problems were solved. Unfortunately, as I left white, sandy beaches and clear ocean waters behind me to return to reality – so did the markets. Either it is purely coincidental or I should head back…
Next week’s “advance” GDP report (due on July 30) for the second quarter is projected to show that the US economy increased 1.9% (seasonally adjusted annual rate), based on The Capital Spectator’s average estimate for several econometric-based forecasts. Today’s updated average forecast, which is slightly above last month’s Q2 estimate, marks a rebound after Q1’s 0.2% decline. Some analysts…
Econintersect: China’s manufacturing sector reported the lowest PMI (Purchasing Managers’ Index) reading in 15 months with a July 2015 Caixin/Markit “Flash” (preliminary) survey result of 48.2. Readings below 50 reflect a contracting manufacturing sector. The low value for the survey result was a surprise. This was down from a June reading of 49.4 and was…
American Airlines Group (AAL – Analyst Report) reported higher-than-expected earnings in the second quarter of 2015. The company recorded adjusted earnings per share of $2.62, beating the Zacks Consensus Estimate by 3 cents. The earnings beat pleased the investors, resulting in shares of the company gaining value in pre-market trading. American Airlines Group Inc. – Earnings Surprise |…
In this world of constant news flow, and rapid access to financial data, it’s easy to forget the difference between investing and trading. Many amateurs (and most professionals for that matter) seem to confuse the two concepts, engaging in a strange hybrid of the two philosophies. “Trading and investing are based on two very different…
After yesterday’s latest drop in stocks driven by “old economy” companies such as CAT, which sent the Dow Jones back to red for the year and the S&P fractionally unchanged, today has been a glaring example of the “new” vs “old” economy contrast, with futures propped up thanks to strong tech company earnings after the…
