Category Archive: Finance
Will China’s Hot Travel Industry Continue To Pay Off For Ctrip?
Ctrip.com International Ltd. (CTRP) Consumer Discretionary – Internet & Catalog Retail | Reports March 16, After Market Closes Key Takeaways The Estimize community is looking for EPS of $0.04 and revenue of $439.91 million, 83% higher on the bottom line and $5 million greater in sales Ctrip has been the primary beneficiary of the rising travel […]
USD/JPY And AUD/USD Forecast – March 16, 2016
USD/JPY The USD/JPY pair fell during the course of the day on Tuesday, but found enough support below at the 112.50 level to turn things back around and form a bit of a hammer. Ultimately, this means that the market will probably rally from here, but we should run into the resistance at the 114.50 […]
Linkedin Downgraded To Equal Weight On Reduced Growth At Morgan Stanley
As previously reported, Morgan Stanley downgraded LinkedIn (LNKD) to Equal Weight from Overweight. Analyst Brian Nowak no longer thinks LinkedIn will be as big of a platform as previously expected given the slowdown in large enterprise customers’ and online talent solutions’ growth. Rising strategic investments across all businesses raise execution risk and reduce earnings power, […]
Wonderful CPI Day
My Post-CPI Tweets Good morning and welcome to another wonderful CPI day! Three notes before CPI prints in 17 minutes: First, the market is expecting a “soft” 0.2% core (something like 0.16%, rounding up) Second: If we get exactly 0.2% core, then y/y will round higher to 2.3%. Third: if we get exactly 0.3%, y/y core […]
Silver Prices Are Flat Before FOMC
Trading is muted ahead of today’s Fed rate meeting and silver prices remain trapped between last week’s low of $15.16 and this week’s high of $15.83. Key U.S. data will likely be the Inflation Report and Industrial Production figures which are on deck today and may trigger volatility, potentially creating a break to the current silver price range of $15.16-$15.83. If this is not […]
E Mid Cap Best & Worst Report – March 16, 2016
The best mid cap sectors is consumer goods. The highest scoring mid cap industry is movie production/theaters. The average mid cap score 61.46 and that’s above the four week score of 60.77. Across our mid cap universe, the average stock is trading -25.4% below its 52 week high, -1.13% below its 200 dma, has 5.76 […]
Higher Housing Starts & Lower Industrial Output In February
This morning’s US economic updates on housing construction and industrial output—the final batch of numbers ahead of this afternoon’s monetary announcement from the Federal Reserve—delivered a mixed bag of macro news, albeit with a moderately positive spin. The main takeaway: industrial production is still contracting at the headline level but manufacturing is expanding at a faster rate. On […]
Bonds & Stocks Tumble As Core CPI Surges By Most Since October 2008
Following last month’s inflation ‘jolt’ to the marketplace, Core CPI increased 2.3% YoY in Feb – the biggest jump since October 2008 (led by the biggest monthly surge in apparel prices since 2009). Bond & Stock markets are dropping in the news as it corners the Fed further into a hawkish stance, despite the recessionary warning signals […]
Does Amazon Pose A Threat To FedEx’s Core Business?
Photo Credit: erikleenaars FedEx Corporation (FDX) Industrials – Air, Freight & Logistics | Reports March 16, After Market Closes In recent years, it has been unclear what to make of Fedex’s (FDX) earnings given its ups and downs. Last quarter, the global delivery service trounced expectations which only covered up that they’ve missed in 2 of the […]
Dollar Steady As Fed Looms
As FX traders await the upcoming Fed decision, momentum has driven the US Dollar broadly higher. The US Dollar Index, which traders use to assess the greenback’s relative strength, was nearly 0.3 higher, edging away from last week’s 1-month trough. In individual trading, the greenback appreciated against both the Euro and the Japanese Yen. Though […]
