For the folks who remain mystified why Houston’s economy has not collapsed with the price of oil, please read below. It hasn’t collapsed because the Houston economy of today bears little resemblance to the Houston economy of the 1980’s. In the 1980’s (30yrs ago) the Port of Houston was not significant on a national scale,…
NextEra Energy, Inc. NEE announced second-quarter 2015 adjusted earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.50 by 4%. On a year-over-year basis, earnings climbed 9.1% on the heels of higher revenues from Florida Power & Light Company and NextEra Energy Resources. On a GAAP basis, NextEra Energy recorded second-quarter earnings of $1.59 per…
It appears ISM Manufacturing data is reportedly printing 52.7 in July, down from 53.5 prior and missing expectations. This is the weakest print since March as the Q2 bounce is now officially dead. Both imports (lowest since Jan 2013) and new export orders (lowest in 3 years) declined as employment tumbled. In fact every sub-component fell aside…
CLICK ON CHART TO ENLARGE This chart looks at the yield on the 30-year bond. Yields rallied strongly from the first of February to the first of July (up 30%). This strong rally in yields hit dual resistance at (1) above, which was the 38% retracement level and the bottom of a rising channel, which…
Walt Disney Co. (DIS) and DreamWorks Animation SKG Inc. (DWA) are two players at the top of their field in animation, each having their own renowned success stories and producing the highest quality movies. Walt Disney reports its FQ3 ’15 results after the closing bell on August 4th. Currently, the Estimize community, consisting of 81 analysts, is predicting an EPS…
by Michael S. Canter and Matthew D. Bass, AllianceBernstein US mortgages today have little in common with the risky loans made before the housing crisis. But some market participants aren’t treating them all that differently. We think that’s a mistake—and an opportunity. The confusion, in our view, stems from how people assess default risk. Before…
If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion exactly four years ago. Now it’s back at the…
Moments ago GM impressed everyone once again when it reported that in the month of July it sold 272,512 cars in the US, or a 6.4% jump compared to a year earlier. This was an impressive beat to consensus expectations of just a 0.6% increase. What caused this jump? On one hand the relentless surge…
The company’s quarterly earnings of $1.44 per share from continuing operations increased 11% year over year. Excluding the impact of sale of assets, quarterly earnings jumped 6.2% to $1.38 per share. Further, the bottom line surpassed the Zacks Consensus Estimate of $1.36. The Clorox Company – Earnings Surprise | FindTheBest Earnings benefited from enhanced sales…
Frontier Communications Corp. (FTR – Analyst Report) reported mixed second-quarter 2015 financial results. Earnings managed to beat the Zacks Consensus Estimate while revenues lagged the same. On a GAAP basis, net loss in the reported quarter was $28 million or a loss of 3 cents per share compared with a net income of $38 million or 4 cents…
