Yesterday I found myself reading GMO’s latest quarterly letter and thinking, ‘wow, I’m fairly bearish but Jeremy Grantham just sounds like a grumpy old man!’ Until I came upon this passage: …you may think that I am particularly pessimistic. It is not true: It is all of you who are optimistic! Not only does our species have…
The Goodyear Tire & Rubber Company (GT – Analyst Report) reported a 5% increase in adjusted earnings per share to 84 cents in the second quarter of 2015 from 80 cents a year ago (all excluding special items). Moreover, earnings comfortably surpassed the Zacks Consensus Estimate of 74 cents. Adjusted net income improved 1.8% to $229 million from…
Fed Says Little, Sheds No Light If the Fed had a clue as to what it will do in September, it likely would have said so. Instead, it reiterated the same hash we have been hearing for years. Here is the complete text of today’s FOMC Press Release. Information received since the Federal Open Market Committee…
Now that we’re getting a hearty rally, a new opportunity may be revealing itself by way of the emerging markets fund, shown below. There’s a gap at 37.56, which also corresponds nicely with a broken supporting trendline. The closer we get to that price level, the more appealing the risk/reward ratio is.
The Fed did nothing, but continued to smooth the way for some rate hikes. The hikes have little to do with the economy or The Recovery™. Or what George Mason Prof Tony Sanders calls The Bartender Recovery. The Fed would like to get off the zero bound so that they have room to cut the next…
Twitter (TWTR) is a public, real-time, global platform where any user can create a Tweet and any user can follow other users. The platform is unique in its simplicity: Tweets are limited to 140 characters of text. This constraint makes it easy for anyone to quickly create, distribute and discover content that is consistent across…
The Federal Reserve provided limited forward guidance in today’s statement. It said that it “anticipates that it will be appropriate to raise the target range for the Fed funds rate when it has seem some further improvement in the labor market…” This is the key. There will be two more employment reports that will be released…
Shares of Galena Biopharma (GALE) are up 5% after the company announced that it has launched its anti-nausea drug known as Zuplenz . Zuplenz is an oral soluble film that helps reduce nausea and vomiting in patients with: Chemotherapy-induced nausea and vomiting — CINV Radiotherapy-induced nausea and vomiting — RINV Post-operative nausea and vomiting —…
If yesterday’s 3 Year auction was far stronger than expected, then today’s 5 Year auction was an absolute whopper, printing moments ago at a high yield of 1.625%, 0.5bps through the When Issued, but it was the internals that were most impressive, not so much the Bid to Cover which jumped from 2.39 to 2.58,…
General Dynamics Corporation (GD – Analyst Report) announced second-quarter 2015 earnings from continuing operations of $2.27 per share, comfortably surpassing the Zacks Consensus Estimate of $2.03 by 11.8%. Earnings also increased 20.7% from the prior-year figure of $1.88, backed by improved operating margins. General Dynamics Corporation – Earnings Surprise | FindTheBest Total Revenue In the second quarter, General…
