Week 14 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rates are mixed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the…
Wells Fargo & Co (NYSE: WFC) released its Q1 2018 earnings results before opening bell this morning. Wells Fargo earnings rose to $1.12 per share on $21.9 billion in revenue, while the Street had been looking for $1.06 per share on $21.7 billion in revenue. In the year-ago quarter, Wells Fargo earnings amounted to $1.03…
Nomura Instinet analyst Christopher Eberle last night initiated Dropbox (DBX) with a Reduce rating and $21 price target. The shares closed yesterday up 95c to $33.27. Dropbox’s “consistently low” penetration rates, “extremely low” conversion rates, and lack of enterprise salesforce creates little room for upside potential, Eberle tells investors in a research note. If trends…
Above looks at the S&P 500 over the past 17-years on a weekly basis. In 2007 at the top of a rising channel, the S&P 500 appears to have created a “Descending Triangle” pattern before heading lower. Once it broke rising & horizontal support, selling pressure took over. The S&P over the past couple of months could…
CNBC’s Wilfred Frost sifts through Citigroup’s quarterly results which beat Street estimates on the top and bottom line.
A new report from Realosophy offers good data and insight behind the greater Toronto area (GTA) real estate boom and sudden deflation over the past year. See A sticky end: lessons learned from Toronto’s 2017 real estate bubble. As charted below, after nearly doubling in 4 years between Jan 2013 and March 2017, median home prices…
With Chipotle’s (CMG – Free Report) new CEO Brian Niccol at the helm, the first quarter could mark the start of a better era for the embattled fast-casual chain. But before investors get too caught up in what Niccol might change long-term, they should look at what to expect from Chipotle’s upcoming first quarter financial results. Chipotle’s…
Is a death cross near? Yes, according to David Rosenberg, chief economist and strategist at Gluskin Sheff. Citing a laundry list of reasons for this year’s revival in market volatility, he told CNBC this week that the S&P 500’s 50-day average may soon slip below its 200-day average – a so-called death cross that market technicians say would signal…
Traditional Markets With the issues of big data and a trade and physical war still unresolved, the narrative of the markets at the moment is that fears are easing. The reason for this narrative, of course, is that stocks are going up. See, many traders, analysts, and especially the media (including myself, but I’m not…
Unofficially launching the Q1 earnings season (technically PNC was first), moments ago JPMorgan reported Q1 earnings which beat on both the top and bottom line, with revenue of $28.5BN above the $27.68BN consensus est (and above the highest sellside estimate of $28.23BN), generating EPS of $2.37, also beating expectations of a $2.28 print. That said,…
