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…
Sales and profits growth for key Asian gold jewelers continues to set the stage for an imminent and massive mining stocks rally. Double-click to enlarge this fabulous Chow Tai Fook chart. A major breakout to the upside is in play, and where Chinese jewelers go on the price grid, Western miners are likely to follow. Some…
A fascinating chart, particularly when you see how swiftly bitcoin moved.
Meeting Minutes Bring Surprise With the RBA having kept rates unchanged for 18 consecutive policy meetings, marking the longest stretch that rates have remained static in the bank’s history, the release of the latest RBA meeting minutes were not expected to deliver any new information. However, the April RBA minutes show board in favor of Rate…
Housing starts rose 1.9 percent in March led by multi-family. Single-family starts dipped 3.7 percent. The Census Bureau’s New Residential Construction report shows a rebound of new housing activity in March. Building Permits: Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent above the revised…
In commodities, the time to get bullish is usually when prices are pressuring the industry and sentiment is persistently and deeply negative. The time to get bearish is usually when prices are skyrocketing, industry participants are celebrating wondrous fortunes, and sentiment is as euphoric as can be. Since I am long-term bullish on cocoa, I…
Nasdaq is roaring higher today on the heels of ponziflix netflix results and the rest of the excited US equity markets are following. The Dow is back above its 100DMA despite Goldman being down on the day… But bonds still ain’t buying it…
You’ve no doubt heard that everything’s bigger in Texas. That’s more than just a trite expression, and I’m not just saying that because Texas is home to U.S. Global Investors. Want to know how big Texas really is? Let’s compare its economy with that of Russia, the world’s largest country by area. As you probably…
