The U.S. economy is entering its 4th economic slowdown of this expansion, which has been relatively weak. To be clear, the economy isn’t close to having two quarters of negative real GDP growth which is the baseline definition of a recession. Four slowdowns in one expansion is an unusually high number. The reason for this is because…
The first-quarter earnings season has just kicked off. Per the latest Earnings Preview, the bottom line of S&P 500 companies is expected to increase at a highly impressive rate of 16.6% on a year-over-year basis. This prospective upside marks the maximum quarterly earnings growth pace in seven years. The report further predicts that 11 of the…
Conventional trading “wisdom” states that a rally that occurs on falling volume is bearish. Conventional “wisdom” states that sustainable rallies should occur on rising volume. This simply isn’t true. As we said in Don’t use volume for trading, Rising/falling volume isn’t a bullish sign or a bearish sign. It just is. Volume is mostly irrelevant. It…
The $SPX trend is to the upside but the Index ended the cycle from 2.2016 and like every other Index, it is correcting that cycle. In Elliott Wave Theory, corrections run in the sequences of 3-7-11 swings and consequently trading against the main trend which is to the upside is always risky. We do understand the Market…
Shares of China-based internet advertisement company ChinaNet (CNET) jumped after reporting fourth-quarter revenue that increased over 64% from the year-ago period. REVENUE JUMPS: Q4 revenue spiked 64.1% to $15.3M from $9.4M in the year-ago quarter, ChinaNet-Online said this morning. Operating expenses for Q4 were down to 40.7% from 42.9% last year. Most notably, revenues from…
Here is the article used in today’s video.
The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month. Our analysis agrees. Analyst Opinion of Industrial Production There was insignificant revision to the existing data over the last 6 months. The best way to view this is the 3 month rolling averages which improved. Industrial production is in a long term upward trend. Manufacturing…
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential building permits. The latest reading of 1.354M was an increase from a revised 1.321M in February and above the Investing.com forecast of 1.330M. Figures were revised going back to January 2012. Here is the opening of…
Bank Of America Reports Similar Results On Monday morning, Bank of America reported earnings. This is the last of the big 4 banks to report. The results were similar to the others as earnings beat estimates. Because the stock fell in sympathy with the other results on Friday, it rallied on Monday along with the overall…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the ten most undervalued companies reviewed by ModernGraham. Each company has been determined to be suitable for the Enterprising Investor according to the ModernGraham approach. Defensive Investors are defined as investors who are not able or willing to do substantial…
