Articles I’m reading: Jeff Bezos’ latest annual letter to shareholders is fresh off the press. His letters are always worth a read, and this one is no exception. This year, Bezos asks the question of whether high standards are intrinsic or teachable (he believes they’re teachable). He then lays out his, and Amazon’s, philosophy for…
As was widely expected, Wells Fargo announced today that it has agreed to pay a $1 billion fine to the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau in what is the largest fine ever levied by the CFPB in its six-year existence. The fine was levied over Wells’ shady sales practices, including…
“Because China has a higher export-to-GDP ratio than the US, its leaders are more concerned with defending the global trading system than with preserving any particular bilateral balance. By eschewing escalation in response to the Trump administration’s widening tariffs on its exports, China avoids jeopardizing the system. (Barry Eichengreen, Can a Trade War be Averted?,…
Have you been eager to see how SunTrust Banks, Inc. (STI – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning: An Earnings Beat SunTrust came out with earnings per share of $1.29, which surpassed the Zacks Consensus Estimate of…
A review of today’s commodities, stocks, ETFs, stock market indexes and cryptocurrencies. Video Length: 00:18:15
The CRB index has recently broken above the 200 level. Lead by energy/oil since it is a major component of the CRB there are also some other commodities that are also breaking out. Nickel and aluminum are a couple of those commodities moving up but mostly on the back on political news regarding sanctions and…
Everyone is talking about the incredible price move in silver on April 18, 2018. Now, everyone wants to know what’s next. Here is our take on the Silver trade and what you need to know. All the technical and price valuation indicators regarding the relationship of Gold to Silver have been set for many months…
Industrial goods manufacturer General Electric Company (GE – Free Report) is aiming to focus on its core industrial operations after completing the GE Capital exit plan. CEO John Flannery plans to script a turnaround in the company, with 2018 being termed as a “reset year”. Flannery intends to focus on just three core segments — power, aviation and health-care…
All three major averages fell in the Thursday trading session as bond yields were on the rise. The 10-year Treasury yield trended higher and tipped over 2.92% in yesterday’s trading session, which stirred up anxiety amongst investors once again. The Dow Jones Industrial Average fell 0.3% to 24,665.89. The S&P 500 lost 0.6% to 2,693.13. Both…
Earnings beat rates have been very strong recently. In the 12 weeks ending February 16th, 69.1% of companies beat EPS, and over 72% of companies beat on revenues. These numbers have moderated somewhat since then but still remain extremely strong (65.8% and 70.2% respectively). For EPS, recent levels of beat rates on a rolling 12…
