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Secular Trends In New Residential Building Permits And Housing Starts

Secular Trends In New Residential Building Permits And Housing Starts

Yesterday we reported separately on the latest residential building permits and housing starts in the government’s report for April data, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is foolish […]
Housing Recovery – Real Or Memorex

Housing Recovery – Real Or Memorex

There are probably quite a few of you reading this article who do not remember the old“Memorex” commercials when “cassette tapes” were THE recording technology of the day. Video Length: 00:00:34 It was yesterday’s release of the housing starts data that reminded me of that slogan –“Is it live, or is it Memorex?” In July of 2013, I asked the question of […]
American Eagle Outfitters Soars On Strong Earnings

American Eagle Outfitters Soars On Strong Earnings

The shares of American Eagle Outfitters are trading higher after the company reported stronger than expected earnings for the first quarter. The stock price of the company was $16.59 per share, up more than 5% around 12:29 in the afternoon in New York. American Eagle Outfitters financial results American Eagle Outfitters reported earnings of $0.15 per […]
Analysts Positive On Yahoo! Inc. Despite Alibaba Spin Off IRS Tax Rumors

Analysts Positive On Yahoo! Inc. Despite Alibaba Spin Off IRS Tax Rumors

Yahoo! (NASDAQ: YHOO) shares plummeted 8% during trading on the afternoon of Tuesday, May 19 and rebounded up 2 % in pre-market trading the following morning after the company affirmed plans to spin off e-commerce giant Alibaba (NYSE: BABA) despite rumors that the IRS will tax the move. The stock drop was due to investors overreacting […]
Frackers Predicted To Fall Like Lehman Bros.

Frackers Predicted To Fall Like Lehman Bros.

In November 2007, the relatively unknown hedge fund manager David Einhorn raised major concerns about the accounting at Lehman Brothers. It led him to bet against the company, and short the stock. No one paid much attention… until Lehman Brothers collapsed. Einhorn’s reputation was made, and his firm, Greenlight Capital, became one of the hedge funds to […]
The Gloves Come Off: Moody’s Warns Of Greek “Deposit Freeze” As Schauble “Won’t Rule Out Default”

The Gloves Come Off: Moody’s Warns Of Greek “Deposit Freeze” As Schauble “Won’t Rule Out Default”

Ever since Syriza took over the Greek government and has refused, at least until now, to concede to every Troika demand of perpetuating a status quo which it was elected with a mandate to overturn, Europe has done everything in its power to make not only Syriza’s life increasingly difficult and hostile, but has taken […]
Crude Oil- 7th Largest 2-Month Rally In History, Now What?

Crude Oil- 7th Largest 2-Month Rally In History, Now What?

Click on picture to enlarge Two months ago, the 2-month rolling return for Crude Oil was -40% at (1) above. At that time Crude Oil had declined almost $70 in the past 9-months, trading near $45. It was easy to find people predicting that Crude Oil was not near a low and some shared it […]
2015 And Historical Bear Market Triggers

2015 And Historical Bear Market Triggers

Common sense tells us something typically changes as stocks shift from a bull market to a bear market, meaning people need a reason to say “I am getting out.” Gluskin Sheff’s Chief Economist & Strategist, David Rosenberg, highlights the two big historical bear market triggers. From Business Insider: “For stocks, it always comes down to the […]
Hormel Foods Dividend Stock Analysis: Beefing Up Earnings

Hormel Foods Dividend Stock Analysis: Beefing Up Earnings

Hormel Foods (HRL) released its 2nd quarter 2015 results this morning. The company reported earnings-per-share of $0.67 per share for the quarter. Earnings-per-share rose 29% from $0.52 per share in the same quarter a year ago. The market has responded favorably, pushing the company’s share price up over 4% at the time of this writing. Hormel’s Growth Explored […]
San Francisco – No Bubble Here

San Francisco – No Bubble Here

The charts below certainly reflect a rational free market trend. Right? Home prices always double in the space of three years when the economy is limping along with sub 2% GDP growth and median real household income is still 7% below the levels of 2007 and equal to levels of 1989. These are the median […]