Johnson & Johnson: Modest Price Decline Presents Buying Opportunity
Johnson & Johnson (JNJ) is one of the most stable businesses around. The company’s statistics are impressive: 33 years of consecutive earnings-per-share growth (currency-adjusted) The lowest stock price volatility of any Dividend Aristocrat One of only two companies to hold the coveted AAA credit rating from Standard & Poor’s (the other being Microsoft (MSFT)) The third most popular dividend growth stock among […]
Existing Home Sales Soar To 10-Year Highs
Following February’s 3.9% drop, March existing home sales roared back (up 4.4% MoM – the fastest growth since Dec 2015) to the highest since Feb 2007 at 5.71 million SAAR. Inventories tumbled (for the 22nd month in a row) and prices rose (for the 61st month in a row) as affordability issues remain ignored (for now). […]
A Big Week For The Euro Awaits: Beware The Gap-Risk
On Sunday, we’ll begin to hear the results from the first round of French elections with polls beginning to report at around 8PM in Paris (2PM in New York). This is a few hours ahead of market open, so be extremely careful with gap risk over the weekend with any asset attached to the Euro. This […]
SunTrust Banks Q1 Profit & Revenue Top Expectations Amid Higher Rates
SunTrust Banks, Inc. (NYSE: STI) early Friday posted market-beating first quarter earnings results, as the company benefitted from higher interest rates.
Rockwell Collins Tops Q2 Earnings & Revenue Estimates
Rockwell Collins Inc. (COL – Free Report) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities. However, dependence on international […]
Another Shot At The 50-Day Moving Average
Watch resistance at the 50 day moving average, take two Everything looked fine and dandy yesterday for the market, and resistance at the 50-day moving average that I talked about in yesterday’s trading plan, was going to be broken. But with 10 minutes to go, the bears dropped the S&P 500 5 points and, despite a […]
E USD/CAD Trading In An Uptrend
USD/CAD may be trading in a correction of a higher degree, now in wave 4, that may ideally unfold as a simple three wave correction. That said current spike can be sub-wave b of 4, that may see limited upside a little above the wave 3 high. Afterward, a new drop into sub-wave c may […]
Wells Fargo Expands Class-Action Settlement For Retail Sales Practices To $142M
Wells Fargo & Company (WFC) announced the expansion of its class-action settlement for retail sales practices to include any customers who were impacted by sales practice issues as early as May 2002. The updated settlement will add $32M to the previous agreement for a total settlement amount of $142M. “The expansion of this agreement is […]
One Trader’s Plan To Not Let The French Election Ruin His Weekend
It’s another one of ‘those’ weekends again, but as Bloomberg’s Mark Cudmore notes, anecdotally, FX traders are significantly less excited by the French presidential election than the commentariat (may exacerbate the reaction to any surprise, though it doesn’t increase its likelihood). With options activity at record highs, what should be the game plan for the weekend if […]
