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There is plenty of good economic news
We have a rather light week for economic data. The biggest reports came last week. Earnings season continues. Everyone is keeping a close eye on President Trump, wondering what might happen next.....
Super Bowl Blitz – Dow 20,000
If you have been following the sports headlines, then you know the Super Bowl 51 NFL football championship game between the four-time champion New England Patriots and the zero-time champion....
Morgan Stanley Says Trump Border Tax Will Boost US Oil Industry
Evan Calio, Morgan Stanley’s Large Cap E&P Integrated Oil specialist, is overweight the energy market. In fact, with correlations faltering, regulations likely to fade, the potential for a....
GoPro Inc Stock Tanks After Sales Miss Estimates
GoPro released its latest earnings report after closing bell tonight, posting adjusted earnings of 29 cents per share on $540.6 million in sales. Analysts had been expecting 22 cents per share in....
Amazon.com, Inc. Shares Fall After Weak Guidance
Amazon released its latest earnings report after closing bell tonight, posting $1.54 per share in earnings on $43.7 billion in sales. Analysts had been expecting GAAP earnings of $1.37 per share....
Why You Never See the Best Employment Data
On the first Friday of each month the Bureau of Labor Statistics releases the Employment Situation Report. The data – especially the payroll employment change – is the subject of much speculation,....
Federal Reserve Policy: The Cash Menagerie
“Yes, I have tricks in my pocket, I have things up my sleeve. But I am the opposite of a stage magician. He gives you the illusion that has the appearance of truth. I give you truth in the....
Tesla Motors Inc (TSLA): More Very Bad News In January – Stanphyl Capital
Stanphyl Capital’s Mark Spiegel presentation on Tesla Motors Inc (NASDAQ:TSLA) excerpted from the hedge fund’s January 2017 letter:
Mark Spiegel’s Stanphyl Capital had a killer year up....
Apple Inc. Reports Another Record Quarter As iPhone 7 Delivers
Apple released its latest earnings report after closing bell tonight, posting $3.36 per share in earnings on $78.35 billion in sales. Analysts were looking for $3.22 per share in non-GAAP earnings....
Apple Inc. (AAPL) Earnings Preview: In-Line Quarter Could Be Paired With Weak Guide
Apple Inc. (NASDAQ:AAPL) is scheduled to release its next earnings report after closing bell on Tuesday, and most analysts are expecting an in-line December quarter with a possible miss on....
Deja Vu – Harry Dent: Stocks Will Fall 70-90% Within 3 Years
Economist and cycle trend forecaster Harry Dent sees crushing deflation ahead for nearly every financial asset class. We are at the nexus of a concurrent series of downtrends in the four most....
Fed Rate Hikes Are Off The Radar For A Reason
Market participants are no longer focusing one-time obsessive game of watching for hints of Fed rate hikes to come. Those central bank bread crumbs left on the trail, which was previously the....
As The Trump Rally Powers Forward, Why Are Some Skeptical?
Investors who are viewing the coming years with “excitement over a more free-market economy and the appearance of a clear path to higher equity prices and bond yields” are enjoying the Trump Rally....
JP Morgan Calls Out Larry Summers
Looking at a new Trump administration, and amazed at the “remarkable and unique” 72 hours that surrounded perhaps one of the most contentious inaugurations in history, JP Morgan Asset Management’s....
Microsoft Corporation, Intel Corporation Shares Rise After Earnings Beats
Microsoft and Intel released their latest earnings reports after closing bell tonight. Microsoft posted adjusted earnings of 83 cents per share on $24.09 billion in revenue and $26.07 billion in....
HSBC: Watchout Asia, Donald Trump Might Get What He Wants… And You May Not Like It
Asian nations are wondering “with a little trepidation” if Donald Trump will deliver on his campaign promises. There is talk of direct confrontation in the South China Sea, but more to the point....
eBay Inc Shares Jump On Earnings Beat, AT&T Inc. Shares Little Changed
eBay and AT&T released their latest earnings reports after closing bell tonight. eBay reported non-GAAP earnings of 54 cents per share on $2.4 billion in sales, compared to the analyst....
Deutsche Bank: China’s Property Bubble Has Been Popped
China’s Property Bubble may have fizzled for good for the time being if data from Tier-3 cities confirms that the tightening measures introduced to cool the market in Tier-1and Tier-2 cities spark....
The Future Of Pharma In The Age Of Trump
Last week, Donald Trump complained about drug prices in a press conference. Drug companies, he said, are “getting away with murder.” During that presser, pharma and biotech stocks lost over $20....
McDonald’s Corporation, Halliburton Company Report Earnings
McDonald’s and Halliburton released their latest earnings reports before opening bell this morning. McDonald’s posted earnings of $1.44 per share on $6.03 billion in sales. Analysts had been....
Bernstein Says Trump Tweets Are Active Manager Risk
As Donald J. Trump was inaugurated the 45 US President today, he did so with his Twitter feed ablaze with 11 Trump tweets. While it is unknown if the decidedly generic if mild-mannered tweets were....
Buffett: Never Bet Against America”; All Major Currencies Have Depreciated Vs Gold Over Past Century
And like that, it happened. Despite the polls, despite what anyone believed was possible, including many of his own supporters, billionaire developer Donald J. Trump was sworn in as the 45th....
The US Has Passed Peak Savings
The US Has Passed Peak Savings
The risks posed to the asset management industry by low-cost tracker funds, and Robo-advisers have been well documented, and while these risks should not be....
Steve Mnuchin’s Comments Drive Shares Of Fannie Mae Downwards
These comments by Steve Mnuchin moved Fannie Mae and Freddie Mac equities today – downwards – see below for the dialogue between Mnuchin and Mark Warner about the GSEs.
Also see
Trump Makes....
International Business Machines Corp. (IBM) Beats Earnings Estimates
International Business Machines released its latest earnings report after closing bell tonight, posting non-GAAP earnings of $5.01 per share on $21.8 billion in revenue. Analysts had been....