Specialty metals producer Allegheny Technologies (ATI) was trading higher on Tuesday morning after exceeding Wall Street expectations. The company reported earnings per share of $0.32 and total revenue of $979 million, compared to analyst estimates of $0.24 and $933 million. Allegheny up on Earnings and Steel Pop As well, Chinese…
Google is at the forefront of practically every industry of the future. With that, we should all pay attention to what they are doing and saying regardless of any investment interest. And this came into play with Google’s first quarter earnings report released on Monday, April 23. For example, they…
The market continues to wobble, reflecting a high level of uncertainty. One indicator that offers us a glimpse comings and goings across assets is fund flows. U.S. Fund Flows – Stocks vs Bonds Looking at rolling quarterly fund flows for stocks and bonds, they both seem to be rolling over….
Skechers (SKX) traded 28% lower on Friday morning, catching investors by surprise, after lowering Q2 guidance to below that of Wall Street analysts. Overall, SKX managed a decent earnings call, reporting earnings per share of $0.75 and revenue of $1.25 billion, compared to analyst expectations of $0.74 and $1.20 billion….
It’s Friday, so it is time for my Chart of the Week! As you know, I love data. Over the last month, I have been examining the Facebook situation and measuring how sentiment has evolved and its impact on consumer behavior. Here’s the data. Enjoy! The chart below shows overall publication…
Broad Stock Market Futures Outlook for April 20, 2018 Resistance levels held for us yesterday and a fade into support deeper than the day before. Today, we are in a retrace of some of this deep support action. Profit taking may take the dips a bit deeper for now. Yesterday’s lows…
Last week, May Corn futures closed down 2 1/4 cents per bushel, finishing at $3.86 1/4. The April WASDE report had few surprises and Corn may be in for some additional consolidation. Here’s a recap of the WASDE report along with my analysis and short-term forecast. On Tuesday the USDA…
“Instead of relying on central banks as the foundation of my risk mitigation strategy, I plan to remain committed to my absolute return process and discipline.” –Eric Cinnamond The world’s oldest investment philosophy, buy low and sell high, is not only the most logical but it is also most neglected…
Alcoa’s (AA) stock price traded 7% higher on Monday morning, after Aluminium prices popped by as much as 3%. The market is evaluating the impact of the recently-announced US sanctions to be imposed on Russian oligarchs. The sanctions include Oleg Deripaska, who owns a stake in the world’s second largest…
Last week MAY corn futures closed UP ¾-CENTS per bushel week-on-week, finishing at $3.88 ½. It has been a rough ride lately for the corn market as volatility has picked up due to tariffs and trade war rhetoric. But the bulls are hanging in there pretty well. Weekly Highlights and…