As predicted towards the end of last year, Cryptos have trended lower—much lower—throughout the first few months of 2018. From a contrarian investor’s perspective, this came as no surprise, as the masses rushed into the streets and those who scarcely could say the word “Cryptocurrency” dove in with both feet. This is always a red-hot…
The Atlanta Fed is out today with its latest mark down in the US GDP growth estimate for Q1 2018: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on April 16, down from 2.0 percent on April 10. The nowcast for first-quarter real…
In a world of cheap emerging market labor and ever-more-dexterous robots, inflation – especially the wage-driven variety – seems like yesterday’s news. But maybe not. It’s late in the cycle and things are getting tight, with pretty much the same result as in every previous expansion: Companies are having to pay up and look farther…
Sales growth is an important metric for any company, as it is a vital part of growth projections and instrumental in strategic decision-making. It provides an insight into product demand and pricing power. By monitoring this key metric over multiple time periods, one can easily understand a company’s growth trend. Sales growth is important to…
Industrial production beat the consensus (ignoring revisions), but manufacturing was weak once again. The Fed’s Industrial Production and Capacity Utilization report shows production rose 0.5 percent in March. Details Industrial Production rose 0.5 percent in March after increasing 1.0 percent in February. Production advanced 4.5 percent at an annual rate for the first quarter as a whole….
The New Zealand Dollar reversed sharply off the yearly high-day close at 7390 on Friday. The pullback is now testing initial areas of support, which if broken, could clear the way for a larger correction in price. For now, here are the levels to consider. NZD/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical Perspective, we highlighted that…
In 1979, Chinese Premier Deng Xiaoping designated four areas as Special Economic Zones (SEZ). Three were located in Guangdong Province, the southeastern region that wraps around the city of Hong Kong. One of those, situated just on the other side of the water from the then-British controlled jurisdiction, Shenzhen would be transformed from a sleepy…
Johnson & Johnson (JNJ – Free Report) kicked off 2018 pharma earnings on a strong note, beating the Zacks Consensus Estimate on both counts in the first quarter of 2018. The drug and consumer products giant upped its previously issued sales outlook for 2018. Shares were up around 1% in pre-market trading. This year so far, J&J’s shares…
Blowout earnings were not enough to keep Goldman Sachs green as while everything looked ‘awesome’ before the bell, when Goldman’s CFO Martin Chavez told investors on the call that there will be no share repurchases in Q2, he spoiled the party… *GOLDMAN CFO SAYS NO SHARE REPURCHASES SEEN FOR SECOND QUARTER Investors seemed not to like that…
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential housing starts. The latest reading of 1.319M was above the Investing.com forecast of 1.290M and an increase from the previous month’s revised 1.295M. Seasonally adjusted figures were revised going back to January 2012. Here is the…
