The Canadian economy expanded 3% for all of 2017, which was the fastest rate of growth in six years. Real final domestic demand mirrored the total economy and advanced 3% last year. Nonetheless economic growth decelerated sharply in the last two quarters of 2017. At annual rates real GDP expanded 4% in Q1 and 4.4% in…
Below is a brief recap of last week’s price projections and the price targets for next week. The Euro continues trading in a narrow range and after reaching the weekly upside target reversed and broke below the CIT Cloud. Average up/down swing duration 5/3 days. The trend remains neutral and the projected price range for…
The chief uncertainty has shifted from monetary policy and macroeconomics to the increase of volatility in the stock markets and the prospects of a trade war. Some of the major benchmarks, including the S&P 500, the MSCI Asia Pacific Index, the MSCI Emerging Markets Index, and Shanghai Composite held above the February lows in the…
Happy Easter & Passover to all! It’s been a ‘Monster Bull’ since I said ‘if Trump wins it’s going to the moon’; not interstellar space. For now that’s the point. Next week I will address several new topics of potential influence: among those are Japan’s decision to make ALL pension managers for the State ‘performance’…
GBP/USD made a move to the upside but eventually ended the week lower. Where next? The first week of April features the all-important purchasing managers’ indices. Here are the key events and an updated technical analysis for GBP/USD. UK GDP was confirmed at 0.4% q/q and 1.4% y/y. While this was no surprise, the numbers are…
With the stock up 21.5% over the last three months, investors may be tempted to sell their shares of Domino’s Pizza, Inc. (NYSE: DPZ). In this article, I am going to calculate the fair value of Domino’s Pizza by forecasting its future cash flows and discounting them back to today’s value. Value investors may find the results…
Coca-Cola said it has learned of an unsolicited mini-tender offer by TRC Capital for the purchase of up to 2.5M shares at $41.50 per share. The stock closed yesterday up 10c to $43.33. “Coca-Cola does not endorse TRC Capital’s offer. The Company recommends that shareholders reject the offer and not tender their shares in response…
U.S. telecommunications industry had a disappointing 2017. However, signs of improvement were apparent from fourth-quarter 2017 with most of the major telecommunications stocks starting to perform well. Notably, all four national wireless carriers have gained postpaid subscribers in the last reported quarter. Upcoming 5G Wireless Network Fifth-generation (5G) superfast wireless networks will provide primary impetus…
In the foreword to their Q2 outlook, Barclays describes a phone call with an “exasperated” client who in late January was desperate to buy a dip that wouldn’t come. How, he wondered, does one buy the dip if stocks only keep rising? Well, “one” doesn’t. Rather, “one” is relegated to buying on any momentary, fleeting weakness or,…
Just days after Beijing officially launched Yuan-denominated crude oil futures (Beijing officially launched , as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the…
