Regulators are “Worried”- but it is way too Late We have discussed the immense credit bubbles in Scandinavian countries in these pages several times in recent years. As it turns out, they have now become even bigger. The euro area debt crisis has had a number of side effects. One of them is that not…
Factory orders rose for only the second time in eleven months, in line with the Consensus Estimate. Factory orders rose nearly as expected in June, up 1.8 percent for only the second gain in the last 11 months. The durable goods component, initially released last week, is unrevised at plus 3.4 percent in a gain distorted…
Zillow Group Inc. (Z) will report its FQ2 ’15 figures after the closing bell this afternoon. Sentiment heading into the result for Zillow is definitely negative with the stock falling over 8% in the past 30 days. Wall Street and the Estimize community are expecting a fall in EPS YoY and QoQ. Estimize are predicting an…
Every single person who has ever bought BOX in the public market is looking at a loss (which is becoming a trend these days with recent IPOs). I mentioned BOX here on Slope any number of times, bemoaning the fact I couldn’t find any shares to short. It’s a shame…..
In his 100th podcast, Peter Schiff looks at the latest lousy data from the labor market. Last quarter’s wage growth is the worst since the government started recording it in 1982. He also discusses the disparity between the paper and physical gold markets, and the reactions his brokerage and metals clients have had to the…
What do General Motors(GM), JPMorgan Chase (JPM), Microsoft (MSFT), IBM (IBM), Proctor & Gamble (PG), Citigroup (C), Johnson & Johnson (JNJ), Coca-Cola (KO), Oracle (ORCL), and Caterpillar (CAT) all have in common? 1) They are among a long list of S&P 500 companies with negative year-over-year revenue growth. 2) They are not in the Energy sector. With…
Archer Daniels Midland Company’s (ADM – Analyst Report) adjusted earnings of 60 cents per share for second-quarter 2015 dipped 24% year over year and also fell short of the Zacks Consensus Estimate of 65 cents. Excluding timing effects, adjusted earnings per share came in at 58 cents. Archer-Daniels-Midland Company – Earnings Surprise | FindTheBest On a reported…
In last week’s technical update entitled “A Sellable Rally” I stated: “As shown in the chart below, the recent market ‘sell-off’ exhausted the “sellers” in the market on a very short-term basis. This ‘oversold’ condition (yellow highlights) provides the catalyst necessary for a reflexive bounce in the market.” Click on picture to enlarge Any rally that occurs…
I continue to be more and more concerned about the market overall. China, Greece, flat earnings growth, a collapse in the energy & commodity complex and a strong dollar are all major headwinds to the market and frequently are covered as the headlines that they are. However, I am also watching a couple of things…
“It’s all noise,” squeaks Laszlo Birinyi, deflecting concerns about revenues, earnings, Europe, China, commodities, and rates as he unleashes his latest extrapolation. “If we continue to grow at 11bps per day, the S&P will be at 3,200 within 2 years,” he warbles as he hopes his ruler – which missed its 2013 projection by 1100 points – is forecasting better…
