Private nonfarm payrolls in the US are projected to increase by 205,000 (seasonally adjusted) in tomorrow’s update for July from the Labor Department, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects a modestly lower increase vs. the 223,000 advance in June. Two estimates based on recent surveys of…
Is the fitness fad fubar? It appears so. FitBit is getting hammered – down 10% overnight… Click on picture to enlarge and new IPO Planet Fitness is trading notably below its “no brainer” IPO price level… *PLANET FITNESS INC OPENS AT $14.50, IPO AT $16.00 Click on picture to enlarge Perhaps a 43x P/E and…
Mylan N.V.(MYL – Analyst Report) is one of the largest generics and specialty pharmaceutical companies in the globe. The company’s product portfolio encompasses various therapeutic areas including cardiovascular, central nervous system, anti-infective, gastrointestinal, endocrine and metabolic, and respiratory drugs. Mylan continued to launch generic drugs in the second quarter of 2015. The investor focus will remain on…
The list of nations around the globe that have collapsing economies just continues to grow. In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America. But there are more economic flashpoints that I have not even addressed…
Click on picture to enlarge Is Crude Oil on its way to much lower prices? A year ago Crude Oil started a bear market, as it broke below multi-year support, taking it below a support line that has been in play for the past 7-years. After a 50% decline, a counter trend really took Crude…
There are several recent developments in the fixed income space that are distinct from the prospect of higher rates in the US and UK, or the ongoing purchases by the BOJ, ECB, and Riksbank. Corporates have raised 157 bln euros by issuing investment grade bonds. Some observers have suggested this will be the fuel that…
Charlotte, NC-based Duke Energy Corporation (DUK – Analyst Report) is a diversified energy company with a wide portfolio of domestic and international, natural gas and electric and regulated and unregulated businesses which supplies, delivers and processes energy in North America and selected international markets. It is one of the leading electric utilities in the U.S. Estimate Trend & Surprise…
Apple Inc. (AAPL) is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of…
WTI Crude is back below $45 again this morning – pressing towards 2015 and cycle lows -after Goldman Sachs’ Jeffrey Currie warns ‘lower for longer’ is here to stay, with price risk “substantially skewed to the downside.” His reasoning are manifold, as detailed below, but overarching is oversupply (Saudi Arabia has a challenge in Asia as it battles to maintain mkt…
I just wanted to point out that the fear index crashed yesterday to levels hardly ever seen. It just illustrates how deep the complacency in this market remains.
