Quick Take: Sealing The Deal
There can be little argument that the jobs report will be the primary focus for traders in the early going on this Friday morning. The Labor Department reported that Nonfarm Payrolls increased by 235,000 in February, which was above the consensus estimate of 190,000. The Unemployment Rate came in at 4.7%, which was down from […]
Solid US Jobs Report In Line With Expectations
The US jobs report was largely in line with expectations. February was the second consecutive month that the US economy created more than 200k jobs. It is the first time since last June and July. The 235k is just below the revised January 238k gain (initially 227k). The unemployment rate ticked down to 4.7% from […]
What The Buck Is Up With The Dollar This Year?
Dudley Dursley: [on his birthday] “How many are there?” Uncle Vernon: “36, counted them myself. “ Dudley: “36! But last year, last year I had 37!” – Harry Potter and the Sorcerer’s Stone, 2001 Based on the market’s early reaction to today’s strong Non-Farm Payrolls report, investors are acting a bit like Harry’s stuck-up cousin Dudley. According to the Bureau […]
The Mystery Of The Treasury’s Disappearing Cash
As of October 24, the U.S. Treasury was flush with $435 billion of cash. That was because the department’s bureaucrats had been issuing debt hand-over-fist and piling up a cash hoard, apparently, for the period after March 15, 2017 when President Hillary Clinton would need to coax another debt ceiling increase out of Congress. Needless […]
How Incyte Stock Became A Bull Market Star For Biotech Investors
Despite many twists and turns, the U.S. stock market has had a stupendous run since it reached a bottom in Mar 2009. The bull run has continued for eight years with the S&P 500 gaining 198.1% during this period. While several stocks performed well during this period, Incyte Corporation (INCY – Free Report) tops the list — this bull […]
Hibbett Sports, Inc. Posts Mixed Q4 Earnings Results & Offers An In-Line Outlook For The Current Year
Hibbett Sports, Inc. (Nasdaq: HIBB) early Friday posted [Mar 10, 2017 | 6:37am] mixed fourth quarter earnings results and offered an in-line outlook for the current year, as sales at established stores decline and margins fall. Written by StockNews.com The Birmingham, AL-based regional sporting goods retailer reported Q4 earnings per share (EPS) of $0.54, which […]
NFP Cements Rate Hike With 235k, Wages Up 2.8% M/m – USD Sells The Fact
NFP beats expectations with 235K and January revised higher to 238K. The unemployment rate drops to 4.7%. Wages are up 0.2% m/m, slightly below predictions but the previous month was revised up. The “real unemployment rate” falls to 9.2%. All in all, a solid report. The dollar is sliding across the board. It seems like […]
US Jobs Numbers Come In High Enough To Prompt Fed Rate Hike
The BLS released the latest employment numbers for the US, the last piece of major economic data before the Fed meets next week to decide on whether to raise interest rates. The numbers were good enough. Payrolls were up 235,000, when 190,000 were expected. The unemployment rate fell to 4.7%. Average hourly earnings are now […]
E Australia Still Has A Few Cards To Play In Asia-Pacific’s Growing E-Commerce Market
Asia is the world’s largest continent both in terms of land mass and population. Now, if you add Oceania in there to galvanize the entire Asia-Pacific trading zone, you will get what researchers of the e-commerce industry have termed as the world’s largest online retail market. In 2015, the Asia-Pacific e-commerce market oversaw more than […]
