The U.S. economy can handle higher interest rates, and the Federal Reserve’s policy-making committee has signaled such a move is likely by summer. The Fed has kept short term borrowing rates near zero since December 2008 to support recovery from the financial crisis; however, the economy is picking up steam—GDP growth should be in the range…
Since 2010, the average return for our weekly best scoring small caps has outpaced the R2K by a median 711 bps over the following year. The best performers from one year ago are HA up 164%, UEIC up 65%, and ODFL up 50%. The best small cap sector is utilities. The top small…
“Normal” Dow: Click on picture to enlarge Nikkei: Click on picture to enlarge
Yesterday’s update of the Federal Reserve’s quarterly economic forecast is a minor triumph for optimism. The central bank still expects that US GDP in 2015 will increase in the range of 2.6% to 3.0%, unchanged from its previous estimate in September. That’s a mild expansion, but it’s a step up from the Fed’s 2.3%-to-2.4% GDP outlook for…
Wheeee – what a ride! As we expected, the anticipation of the Fed doing something wonderful led to a big rally in the morning and the fact that the Fed didn’t actually do anything at all wasn’t enough to stop the party train once it left the station. At the moment, we are expecting…
A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service. This should be tremendously beneficial for users in emerging market countries who may not have access to banking services. Coins.ph firmly…
CNBC’s Futures Now interviewed Peter Schiff yesterday to hear what he expects from the Federal Reserve’s announcement this afternoon. They also spoke at length about gold, which Peter points out hasn’t gone down at all in 2014 contrary to many expert forecasts. In fact, when priced in other global currencies and stock markets, gold has…
Flowers Foods (FLO) sells bread and cake products under the Nature’s Own, Wonder, Cobblestone, and Tastykake brands, among others. The company has a market cap of $3.9 billion and a dividend yield of about 2.9%. Excluding the impact of spin-offs and divestitures, Flowers Foods (formerly Flowers Industries) has paid steady or increasing dividends since 1987. …
Today’s blog will simply be a selection of charts which are showing interesting technical charts. OZFOREX Group (OFX) Click on picture to enlarge Qantas (QAN) Click on picture to enlarge Capitol Health (CAJ) Click on picture to enlarge Tabcorp Holdings (TAH) Click on picture to enlarge Happy Trading Flavio
Shares of Apogee Enterprises, Inc. (APOG – Analyst Report) rose nearly 5% after the company reported strong third-quarter fiscal 2015 results. Earnings improved an impressive 42% year over year to 47 cents per share. However, it lagged the Zacks Consensus Estimate by a penny. Total revenue increased 23% year over year to $244.4 million driven by double-digit growth in…
