July 2017 Trade Balance Insignificantly Worsened
Trade data headlines show the trade balance insignificantly worsened from last month. Analyst Opinion of Trade Data The data in this series wobbles and the 3 month rolling averages are the best way to look at this series. The 3 month averages are improving. There really was only insignificant change from last monty. This report […]
Hibbett Sports
Hibbett Sports (HIBB ) sells footwear, sports equipment, and apparel, among other things. The entire industry has gotten crushed lately – there is blood in the streets. HIBB is down almost 70% in the last year alone. Competitors like Dicks and Foot Locker are also getting crushed. The main narrative in the media is that […]
6th North Korean Nuclear Test And Gold
On Sunday, North Korea conducted another nuclear test. What does it imply for the gold market? The crisis over the Korean Peninsula tightened again after a short period of calm. On August 15, Kim Jong-un said he was delaying a decision on firing missiles towards Guam to see what Trump does next, which helped to […]
Bank Of Canada Hikes Rates, Loonie Surges To Fresh Two-Year High
Ok, heads up, the BoC just hiked. This wasn’t entirely unexpected given the hot economic data that’s been coming in fast and furious over the past couple of months, but it is extremely notable coming after the July hike. Here’s the reaction in the loonie which surged to a fresh two-year high: This time around, […]
Workday Makes Two Key Moves To Compete Against Salesforce
According to a market research report by MarketsandMarkets published earlier this year, the global Human Capital Management (HCM) market size is expected to grow 9.2% annually over the next five-year period. The industry is expected to grow from $14.50 billion in 2017 to $22.51 billion by 2022. Workday’s Financials Recently, SaaS-based HCM services provider Workday (NYSE: […]
Fed Vice Chair Stan Fischer Unexpectedly Resigns “For Personal Reasons”
In a shocking announcement, the latest rat to abandon the sinking ship – because it is far less fun to navigate the world’s biggest economy when you are raising rates than when injecting trillions – Federal Reserve Vice Chairman Stanley Fischer has announced his decision to step down effective October 13 (Friday), citing “personal reasons” in letter […]
Markit Services PMI: Business Activity Growth At 21 Month High
The August US Services Purchasing Managers’ Index conducted by Markit came in at 56.0 percent, up 1.3 percent from the July estimate. The Investing.com consensus was for 56.8 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the latest press […]
Portola: Potential Launch Date For Bevyxxa And Price Announcement
Investment Overview Following approval of Bevyxxa, Portola (PTLA) stated that it expected to launch in the US in the September to November time frame. Subsequently, the Company alerted investors to a manufacturing issue that could delay the launch. During yesterday’s conference call, the Company said that it hopes to be able to launch in November, […]
Bear Of The Day: Foot Locker (FL)
Headquartered in New York City, Foot Locker (FL – Free Report) is a retailer of athletic shoes and apparel. They operate 3,363 retail stores in 23 countries in North America, Australia, New Zealand and Europe. Weak Results and Guidance Reflect Rising Challenges The company reported disappointing results for the second straight quarter. Their earnings of 62 cents per […]
Market Sentiment: Staying Light This Week, With Hurricanes And North Korea Threats
My Swing Trading Approach North Korea overnight risk creates some pause for this market and the likelihood of some kind of boiling point being reached as a result of their provocations. As a result, it is difficult to get confidently long on this market, and best practice suggests playing both sides of the trade. Indicators […]
