By Steven Levine Home Depot (HD) topped analysts’ estimates with higher-than-expected earnings for the first quarter of 2018, but disappointed those who were looking for bigger net sales. The Atlanta-based home improvement giant earned US$2.08 a share on net sales of US$24.95bn. The company beat Street estimates by about US$0.03 a share, but slipped below the US$25.17bn dollar…
The Dow couldn’t go up forever, it had to experience a day in the red in the very near future. Today the time has come, and it is making its presence known, by wiping out more than two day’s worth of gains for the bulls and to retest the breakout level on SPX’s declining trend-line,…
Overview AAA rated Johnson & Johnson (JNJ) has produced one of the most impeccable and consistent long-term records of fundamental results and growth. No matter whether you are measuring earnings, cash flows or dividends, you will be hard-pressed to find any company in any industry with a more consistent and complete record of operating excellence…
With one foot in the water, and the other on the sand, she reminds me of the current market. Get wet? Head for the lounge chair? Get dressed and call it a day? The phases in the indices are all bullish. One reason to jump in the water. Besides the Russell 2000, Semiconductors, Retail, Regional…
Managing risk is important. Every day we use tools like seat belts and helmets to manage the inherent risks arising from daily activities like driving a car or riding a bike. Managing risk does not guarantee a positive outcome, but statistically and historically speaking, those who use the tools available to them to reduce risk…
Argentina is facing an economic crisis and the central bank has hiked interest rates three times in a span of eight days. On May 4, the interest rate was hiked to 40% from 33.25%, a day after it was raised from 30.25%, which shows an abnormal increase on any economic parameter. The situation has arrived as peso…
Treasury yields are up across the board, with the 30-year bond approaching a breakout level. A Commitment of Traders (COT) report shows traders piled into treasury shorts in record numbers in recent weeks. 10-Year Treasury Note Futures Positioning The blue line is large speculators (think hedge funds). The red line represents small speculators and the black line…
I’m short Treasurys, my dude. Dat’s yo’ word, son? Dat’s my word, homie. And word is bond. The “word” was indeed “bond” on Tuesday, or more appropriately “bonds”, plural. And some folks are indeed short. “Short USTs” was identified as the second-most crowded trade on the planet in the latest installment of BofAML’s closely-watched Global Fund Manager survey,…
The global equity market correction has driven a reset in a number of market metrics such as sentiment (both economic sentiment and investor sentiment), fund flows, positioning, volatility, and of particular interest – valuations. Yet as much as there has been a minor adjustment in valuations, a couple of things stay the same… Today’s chart…
