The Chart of the Day belongs to Installed Building Products (IBP). I found the building contractor stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/2 the stock gained 21.80%, Installed Building Products, Inc….
Brean Capital’s Mike Burton shed light on several top stocks in the technology sector before earnings are released. Four of the companies highlighted by Burton are Skyworks Solutions Inc. (SWKS), QUALCOMM, Inc. (QCOM), Qorvo Inc (QRVO), and Himax Technologies, Inc. (HIMX). Mike Burton has a 66% overall success rate recommending stocks with a +20.8% average return per rating when measured over one year with…
Profit taking cut into the US Dollar’s recent gains, driving it to its largest drop this month. The fall came despite widespread expectations that the Federal Reserve is possibly on the brink of a rate hike. Analysts are expressing some concerns that the Dollar rally may be over, and that the EUR/USD pair may not…
Apple (AAPL) lost $60Bn last night. That’s two Tesla’s, two Yahoos, 3 Twitters, 8 GoPros, and 2/3 of a Boeing, who, on the other hand, had great earnings. Not that AAPL didn’t have great earnings – the company made $10.6Bn, which is roughly 5% of the earnings of the S&P 500, which means AAPL is…
The Boeing Company (BA) released its latest quarterly earnings report before opening bell this morning, posting adjusted earnings of $1.62 per share on revenue of $24.5 billion, an 11% year over year increase. Analysts had been expecting earnings of $1.37 per share and $24.31 billion in revenue. Key metrics from Boeing’s earning report Reported earnings were…
Twenty years ago, few investors would have considered emerging market sovereign debt as a viable investment option. Political instability, social unrest, and economic turmoil were status quo for many emerging market countries. With upgraded infrastructure, stronger property rights laws, and increased political and economic stability, emerging market countries have grown tremendously over the last two…
Apple Inc. (AAPL) shares slipped more than -7% in pre-market trading to $122.93 after the technology giant posted third quarter earnings. Although Apple beat estimates in both revenue and earnings per share, the company fell short of expected iPhone sales. Analysts expected Apple to sell more than 49 million units and the company reported selling 47.5…
Soft pricing in raw materials will likely delay a Fed rate hike for the US, opines Michael Hewson, chief market analyst at CMC Markets UK. “Given that weak commodity prices are likely to prompt a ripple-out disinflationary effect, it is hard to see how the Fed would even consider hiking rates against such a weak…
Coca-Cola (KO) and Abbott Laboratories (ABT) released their latest earnings reports before opening bell this morning. Coca-Cola posted adjusted earnings of 63 cents per share and revenue of $12.2 billion, a decline from last year’s $12.6 billion. Analysts had been expecting earnings of 60 cents per share and $12.1 billion in revenue. Abbott Laboratories posted earnings…
57% of Americans see the US economy “getting worse,” according to Gallup’s latest survey, sending ‘hope’ to its lowest since September. Overall economic confidence slipped once again, despite the Greek deal, now at its lowest since October. It appears rising gas prices trump the rising stock prices when it comes to the average “Joe” in America. Americans More Negative…
