Shares of CSX Corporation (CSX) jumped in early trading after the company’s first quarter results came in ahead of consensus forecasts. The rail operator’s results were boosted by a significant drop in its operating ratio, with expenses at 63.7% of revenue vs. 73.2% a year ago. RESULTS BEAT: After the market close on Tuesday, CSX…
In the trade war against China, the White House’s “America First” advocates are relying on trade instruments that contained Japan’s rise in the 1980s. But China is not Japan. It has ten ways to hit back. On Tuesday, China said it would impose anti-dumping duties on imports of U.S. sorghum. As the largest buyer of…
The loonie has rebounded 2.7% against the greenback so far in April, leading some to predict that another up-cycle for commodities, Canadian equities and the C$ has begun. But, the loonie has climbed with oil prices in 8 of the last 10 Aprils, only to retrace again in the month thereafter. The larger perspective, as shown…
Have you been eager to see how U.S. Bancorp (USB – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Minneapolis-based popular bank’s earnings release this morning: An Earnings Beat U.S. Bancorp came out with adjusted earnings per share of 95 cents that surpassed the Zacks Consensus Estimate…
If anyone ever thought that Netflix (Nasdaq: NFLX) had no room to grow in the US, they are in for a surprise. Earlier this week, Netflix reported its first-quarter results and it delivered stunning subscriber growth, even for the domestic market. Netflix’s Financials Netflix’s Q1 revenues grew 40% over the year to $3.7 billion, marginally…
With Canadian economic data at its most disappointing in 20 months, domestic trade-wars over oil pipelines exploding, and a housing market on the verge of collapse, The Bank of Canada held rates unchanged (as expected), sending a weak signal that sparked Loonie selling… Bank of Canada Holds Benchmark Overnight Rate at 1.25% 2018 has not been…
My Swing Trading Approach The bulls are regaining a firm grasp on this market and the bears are being forced to cover in mass. I will look to add 1-2 new positions today. Indicators VIX – With many areas of headline risk melting away, the VIX indicator is struggling to maintain its recent bullishness. Yesterday it…
On Saturday night I was treated to a performance at the Richard Rogers Theater of Hamilton. It was weird, with a racially mixed cast all dressed in 18th century costumes and uniforms, singing hip-hop, a musical anachronism. I found myself looking forward to the commentary by George III who periodically appeared in his crimson robe and crown, but I…
Have you been eager to see how Morgan Stanley (MS – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based leading financial services holding company’s earnings release this morning: An Earnings Beat Morgan Stanley came out with earnings of $1.45 per share, which surpassed the Zacks…
Thoughts Housing Starts are still trending higher. Medium-long term bullish for stocks. Deqlinquency rate on subprime auto loans is surging. Not a repeat of 2008. The S&P 500 reclaimed its 50 daily moving average. An irrelevant sign for the stock market. The U.S. stock market is starting to ignore China trade war news. 1 am:…
