Current sharp turn down from around 1.3000 region can be the first evidence of a completed five-wave recovery, and for a new three-wave pause to be in progress. As such we think first wave a can be underway, which can later be followed by waves b and c. Support for the whole three-wave correction may…
Anheuser-Busch InBev SA/NV (BUD – Free Report), alias AB InBev, reported first-quarter 2018 results, wherein earnings lagged estimates while sales topped. This marked the company’s return to the negative earnings surprise trend, after recording a beat in the preceding quarter. With this, the company delivered negative earnings surprise in eight of the last nine quarters. Moreover, revenues surpassed…
We’ve updated our monthly workforce analysis to include last week’s Employment Report for April. The unemployment rate dropped to 3.9%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 164K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian…
If you’ve ever read up on Social Security retirement benefits, you’ve likely come across a number called the Primary Insurance Amount, or PIA. So just what is PIA? I mean, besides the airport designation for the General Wayne A. Downing, Peoria (IL) International Airport? Primary Insurance Amount – PIA The Primary Insurance Amount (PIA) is…
We’ve got 3 stocks for you today that our team is bullish on — Cameco Corporation (CCJ), Fiat Chrysler (FCAU), and Yatra.com (YTRA). Cameco Corporation (CCJ) is one of the largest uranium producers in the world, which makes it a great way to play the coming rebound in the uranium market. Back in 2011, the Fukushima…
The Producer Price Index year-over-year inflation declined from 3.0 % to 2.6 %. Analyst Opinion of Producer Prices The Producer Price Index declined year-over-year. Food prices did moderate. Here is what the BLS said in part: A major factor in the April advance in prices for final demand services was the index for machinery, equipment,…
Walmart (WMT) announced it has signed definitive agreements to become the largest shareholder in Flipkart Group. The investment will help accelerate Flipkart’s customer-focused mission to transform commerce in India through technology and underscores Walmart’s commitment to sustained job creation and investment in India, the company said. Subject to regulatory approval in India, Walmart will pay…
Are we stuck in a loop? This morning, despite President Trump moving the Doomsday Clock up another minute by unilaterally (which means without the agreement of ANYONE else who participated) withdrawing from the Iran Nuclear Treaty, which was put together after years of diplomacy with a dozen countries – including China. Now the World has to decide who…
Today’s release of the April Producer Price Index (PPI) for Final Demand came in at 0.1% month-over-month seasonally adjusted, down from last month’s 0.2%. It is at 2.6% year-over-year, down from 3.0% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.2% MoM, down from the previous…
Oil prices are going nuclear as President Donald Trump pulled out of the Iranian nuclear accord creating a new risk dynamic for global oil markets. The decision by president Trump to pull the plug on what he said was a horrible deal comes as global oil demand is rising and the lack of investment in…
