Morgan Stanley (NYSE:MS) released its second quarter earnings report before opening bell this morning, posting earnings of 79 cents per share, excluding DVA, on $9.6 billion in revenue. Net earnings were 85 cents per share. In last year’s second quarter, net earnings were 92 cents per share and net revenue was $8.6 billion excluding DVA. Analysts…
This Great Graphic comes from the Financial Times’ Robin Wigglesworth, via Frances Coppola on Pragmatic Capitalism. It depicts the economic performance of a number of European countries. Most stark is the depth of the Greek economic contraction (dark blue line). There was much talk that one of the reasons that some of the creditors were reluctant to…
The construction industry is cyclical. You may think the industry would not produce any consistent dividend stocks, but that’s not the case. Caterpillar (CAT) has been paying dividends since 1925. The company has not reduced its dividend payments since 1982. The company’s long dividend history makes it a member of the exclusive Dividend Achievers Index. Caterpillar (CAT) is…
Second quarter earnings season is upon us and Cowen & Co. is counting on the biotechnology sector to deliver. Out of the 20 stocks covered by Cowen in the biotechnology sector, we have highlighted three companies covered by analyst Phil Nadeau: Gilead Sciences, Inc. (NASDAQ:GILD), GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH), and Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA). Phil Nadeau has an 80% success rate…
As if there is not too much government and too many meetings already, Hollande Calls for the Creation of a Euro Zone Government. French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek…
The US dollar is narrowly mixed as over-extended technicals, and the lack of fresh developments, keep the bulls at bay. The nearly 2% drop in gold price to new five-year lows is a talking point today. The relaxation of tensions both in Greece and China reduce the haven interest. At the same time, the prospect…
The US economy has had a rough first half in 2015, but the pace of growth is picking up. The Atlanta Fed’s GDPNow model projects a second-quarter expansion of 2.4% (seasonally adjusted annual rate), based on the July 17 estimate. That’s a modest rise, but it represents an encouraging rebound from Q1’s mild contraction. It’s debatable if…
EUR/USD Signal Update Last Thursday’s signals were not triggered as there was no bullish price action at 1.0880. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch…
This was a little enthusiastic even by current standards, or lack thereof. About seven thousand gold futures contracts, representing about 21.8 tonnes of paper gold, were dumped at market in one minute driving the price down to $1,080. Several thousand contracts were bought back in the following two minutes. No legitimate profit-oriented sellers would operate…
History repeats because human nature never differs. I have warned that Albert Einstein was correct that you can NEVER solve a problem with the same line of thing that created the crisis. We will see that absolutely NEVER has anyone in power EVER conceded that they have been the cause of a crisis – it is always someone else. They…
