The Kroger Company (KR – Analyst Report), one of the largest grocery retailers, recently posted third-quarter fiscal 2014 earnings of 69 cents a share that beat the Zacks Consensus Estimate of 61 cents, and surged 30.2% from 53 cents earned in the prior-year quarter aided by its Customer 1st strategy, increase in sales and strong…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.10%) this morning are up +0.06% and European stocks are up +0.44% at a 2-1/2 month high ahead of the conclusion of the ECB meeting and comments from ECB President Draghi that may shed clues on the possibility the ECB expands asset purchases to include government bonds….
Plenty of stuff has happened in recent months on the commodities market. The oil price went through a big down move and, as a consequence, many oil companies are under pressure. Precious metals were not exactly having a party either, however. A report from Credit Suisse that recently came out is very clear about the…
Facebook Inc.(NASDAQ:FB) has partnered with IT security firm Eset in a deal that will accord users with a free anti-malware software, which should help Facebook and its users find and detect potential malware running on user PCs. If a consumer accesses a Facebook service and the company detects some sort of suspicious behavior, the user will…
Europe’s economic crisis is slowly but steadily eroding the political systems of many countries on the Continent. New actors are emerging and threatening the supremacy of the traditional players. Alliances and events that seemed impossible only a few years ago are now being openly discussed across Europe. On Dec. 3, for example, Sweden announced it…
Dan here…Thomas Palley is Senior Economic Policy Advisor, AFL-CIO Washington DC. Here he addresses the issues of trade imbalances in a paper worth considering. by Thomas Palley Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics’ celebratory stance toward…
The Greek financial crisis began precisely to the day on our model for the start of the Sovereign Debt Crisis. That was truly amazing since we protected that ideal date in 1985. It is always fascinating to see how precise the world economy truly is – that strange hidden order beneath a surface of a…
Urban Outfitters, Inc. (URBN – Analyst Report) continues to struggle as its flagship brand, Urban Outfitters, flounders in the tough teen and young adult segment of the retail market. Will this Zacks Rank #5 (Strong Sell) be able to turn around the Urban brand? Urban Outfitters operates 236 Urban Outfitters stores, 199 Anthropologies stores and 102 Free People…
Investing Daily Article of the Week by Chad Fraser, Investing Daily Reports of solar power’s death are greatly exaggerated. That’s the thrust of two recent reports from the International Energy Agency (IEA). Taken together, they say solar could be the world’s top electricity source by 2050, beating out wind, hydro, nuclear-even fossil fuels. By the middle…
The ECB meeting or more precisely, the press conference is the main event of the day, and possibly of the week and month. ECB President Draghi and Vice President Constancio have expressed heightened urgency to boost inflation as fast as possible. This has been countered by others arguing to let the other new initiatives, including…
