First, precious metals peaked and began drifting lower. Then copper fell, oil plunged and it became obvious that these weren’t isolated events. The entire commodities complex — that is, all the physical inputs a modern economy uses to power, transport and build stuff — was in sustained decline. Here’s the Bloomberg Commodities Index over the…
Chipotle Mexican Grill, Inc. (NYSE:CMG) released its second quarter earnings report after closing bell tonight, posting earnings of $4.45 per share, a 27.1% year over year increase, on $1.2 billion in revenue, a 14.1% year over year increase. Analysts had been expecting earnings of $4.44 per share and revenue of $1.22 billion. In last year’s second…
The stock market is a constantly changing beast that loves to cause the greatest pain to the largest number of participants possible. What I mean by that is if the majority of investors are positioned bearishly, the market will likely head higher and force them to cover. Conversely, those that are overly bullish near the…
Gold and the mining stocks have been absolutely crushed lately. The plunge in price after a nearly four-year bear market has investors panicking. In fact, during the 10%+ decline in the gold mining equities indexes yesterday, the fear was almost palpable. It’s very easy to say, “be greedy when others are fearful,” but it’s another thing entirely…
Econintersect: The American Trucking Associations’ (ATA) trucking index decreased 0.5% following a downwardly revised increase of 0.8% in May. From ATA Chief Economist Bob Costello: With flat factory output and falling retail sales, I’m not surprised tonnage was soft in June. I also remain concerned over the elevated inventory-to-sales ratio for retailers, wholesalers, and manufacturers,…
Now that foreign concerns are out of the way, U.S. investors can again focus on corporate earnings to determine stock prices. This earnings season doesn’t look to disappoint either, as it could be the last before a Fed rate hike, while volatility in various commodity markets could make for some interesting outlooks in the near…
My view of the Chinese market is a nuanced one: I think it’s one of the most monumental frauds of human history. Having said that, I have added it to my gargantuan list of short positions by way of FXI, with a stop-loss price of 43.22
Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find with the most consistent upward prices momentum then used the Flipchart feature to review the charts. Today’s list includes Skechers (NYSE:SKX), Thoratec (NASDAQ:THOR), Jetblue Airways (NASDAQ:JBLU), WisdomTree Investments (NASDAQ:WETF) and Manhattan Associates (NASDAQ:MANH). Skechers Barchart technical indicators: 96% Barchart technical buy signals Weighted Alpha of 156.00+…
At the tail end of 2014, individual investors as well as financial web site editors asked me for predictions on a variety of assets heading into 2015. I answered as many folks as I could. I suggested that foreign developed stocks via iShares Currency Hedged EAFE (HEFA) or Vanguard Europe Pacific (VEA) would likely outperform U.S….
25,000 French Farmers Face Bankruptcy In France, no matter how inefficient the business, the proposed solution is typically higher prices rather than to let weak businesses go under. And so it is again. Hollande’s remedy for farmers facing bankruptcy is not to preach against overproduction, inefficiencies, or the inane trade embargo with Russia, but rather…
