Finance
Payrolls Reaction: Crude Lower As Bonds & Stocks Rally
While headline exuberance over the payrolls print sparked a kneejerk higher in stocks, the record drop in earnings and the further drop in the labor force are leading bond yields and crude oil lower. Gold is modestly higher and the USDollar is rallying. Bonds and stocks have a different message… Though the curve steepened notably… As crude drops……
Federally Fueled Friday – Massive Rebound, Will It Stick?
Wow, what a comeback! Maybe the 4th time will be a charm as we once again attempt to break that top line on the Russell (along with our other indexes). Of course, if you zoom out to a monthly chart, you’d see that this saw-tooth pattern can form what they call an “island top“, which is…
Anti-Growth Policies Slow Jobs Creation
The economy added 252,000 jobs in December—down from 353,000 in November. With GDP growth slowing, prospects for jobless Americans are worsening. The unemployment rate fell to 5.6 percent, but only because so many working age Americans quit looking for work and are no longer counted in the official jobless tally. If the same percentage of…
AngioDynamics Beats Q2 Earnings By A Penny, Guides Up
AngioDynamics Inc. (ANGO – Analyst Report) reported second-quarter fiscal 2015 earnings of 17 cents per share, which beat the Zacks Consensus Estimate by a penny. Earnings per share (EPS) also surged 21.4% from the year-ago quarter. Angiodynamics, Inc – Earnings Surprise | FindTheBest
Hong Kong Logistics Startup Lalamove Nabs $10M From Chinese Inves
Lalamove, the Hong Kong-based on-demand delivery startup, announced yesterday it has closed a US$10M funding round led by China’s Crystal Stream Capital. Other investors include Geek Founders, Mindworks Ventures, Sirius Venture Capital, Aria Group, and individual investors. According to Lalamove board member Blake Larson, the funding will be used to ramp up expansion across Southeast Asia and…
‘Jobs’ +252,000 In December
+252,000 vs. 230,000 expected and unemployment drops to 5.6%. From BLS (full report here): Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, construction, food services and drinking places, health care,…
EC A Sweet Spo
It may be a trap, but the recent slide in US Treasury yields and the market’s implied inflation forecast could be a blessing that helps unleash a stronger cycle of growth. The critical factor, of course, is the strength of the US economy. So far, so good. The macro trend for the US has improved…
Bear Of The Day: BHP Billiton
BHP Billiton Limited (BHP – Analyst Report) was once riding high as commodities boomed but now that China’s economy is slowing and commodity prices have plunged, so has earnings growth. This Zacks Rank #5 (Strong Sell) is expected to see a decline in earnings this year compared to last. Demerger to Unlock Value BHP Billiton is one of…
Morning Call For January 9, 2015
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.33%) this morning are down -0.29% and European stocks are down -1.64% ahead of U.S. Dec payrolls. European stocks were undercut after German Nov industrial output unexpectedly fell along with speculation an ECB stimulus plan will fail to shore up the economy. According to a person who attended a meeting of the…