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National Oilwell (NOV) Q2 Loss In Line, Revenues Miss Mark

National Oilwell (NOV) Q2 Loss In Line, Revenues Miss Mark

Energy equipment maker National Oilwell Varco Inc. (NOV – Free Report) reported second-quarter 2017 loss per share (excluding one-time items) of 14 cents which was in line with the Zacks Consensus Estimate. However, the bottom line compared favorably with the year-ago quarter adjusted loss of 30 cents. Aggressive cost cutting-initiatives and improved efficiencies along with an uptick […]
Lowe’s Companies: A Fast-Growing Dividend King Worth Reviewing

Lowe’s Companies: A Fast-Growing Dividend King Worth Reviewing

When it comes to steady dividend growth, dividend kings, 22 companies that have raised payouts for 50+ consecutive years, are standouts that generally mark a great place to start shopping for long-term income investments. However, a problem that many dividend growth investors have is that most dividend kings are very slow growing companies with equally slow […]
Durable Boring

Durable Boring

Durable goods orders were up a seasonally-adjusted 6.5% in the month of June 2017. Nearly all of that gain, however, was due to a jump (131%) in new orders for civilian aircraft. That meant demand for transportation equipment, a highly volatile segment, rose 19% in the month. Excluding all that, durable goods were up just […]
Starbucks Earnings Fall In-Line, Global Comps Grow 4%

Starbucks Earnings Fall In-Line, Global Comps Grow 4%

Starbucks Corp. (SBUX – Free Report) released its third quarter fiscal 2017 financial results, posting non-GAAP earnings of 55 cents per share and revenues of $5.7 billion. Currently, SBUX is a #3 (Hold), and is down a slight 0.59% to $59.14 per share in trading shortly after its earnings report was released. Starbucks: Matched earnings estimates. The coffee […]
EURUSD Top Scenario, Gold Has An Even More Bullish Interpretation

EURUSD Top Scenario, Gold Has An Even More Bullish Interpretation

EURUSD 30 min 4 Hours Daily My Bias: long term bearishWave Structure: downward impulse waveLong term wave count: lower in wave (3) redImportant risk events: EUR: German Prelim CPI m/m. USD: Advance GDP q/q, Revised UoM Consumer Sentiment. Hello and good evening to you all. After a rally into the trend line as expected, the price structure has now completed […]
I Will Do Anything For Love, But I Won’t Do That

I Will Do Anything For Love, But I Won’t Do That

In Shakespeare’s Much Ado About Nothing, Benedick begins as a man who vehemently claims he shall never marry only to become one who single-mindedly intends on marrying Beatrice. When Beatrice asks him to murder Claudio, he protests, but ultimately engages Claudio in confrontation for the sake of his love. This morning, when Facebook (FB), Amazon (AMZN), […]
Vice Index Nails Retail Forecast Again

Vice Index Nails Retail Forecast Again

Heads Up: Retail Spending Momentum Turns Negative (Note: The Vice Index is lagged: recent vice spending pullbacks are reflected in the chart above starting June.) Consumer Spending Slowing Down Regular readers know the Vice Index is the real way to measure the breadth of the U.S. consumer. It factors in many disposable spending habits like […]
Market Overview – Thursday, July 27

Market Overview – Thursday, July 27

Huge breakdown for the Transports, but barely a peep out of the Industrials. It isn’t a good sign for the broad market, and coming at a time when seasonal weakness is just starting. The short-term trend has probably peaked. Something was up with the market today right from the open. The bullish percents were all […]
Market Talk – Thursday, July 27

Market Talk – Thursday, July 27

The Nikkei managed to reverse the majority of the days trend with an eventual positive close. It was not that great (+0.15%) but a positive close none the less and as the yen played just under the 112 handle, this helped the move at the close. The FED played its part initially but as the […]
Chemical Barometer Predicted The Earnings Surge We Are Seeing

Chemical Barometer Predicted The Earnings Surge We Are Seeing

“Davidson” submits: CAB hit new high this week, the earnings surge predicted by this index 14mos ago in US Industrial Sector is being reported today. Firms such as Chart Inds are providing insight to how strong the recovery has been from the 2014-2016 Industrial Recession which occurred as a result of the strong US$. The […]