Ulta Drops As Sales Growth Slows Amid Amazon, Department Store Competition
Shares of Ulta Beauty (ULTA) plunged in early trading after reporting quarterly comparable sales that declined from last year. Ulta’s report comes as department stores are discounting high-end cosmetics and as consumers shift to shopping online and away from physical stores. EARNINGS: After the market close on Thursday, Ulta reported second quarter earnings per share […]
Dollar Drops On Yellen’s Jackson Hole Remarks; Highlights
Developing… It doesn’t look like there’s much in Yellen’s remarks regarding whether or to what extent the Fed would step in to address risks to financial stability. Further, I’m not seeing a whole lot here that has the potential to alter anyone’s views on balance sheet timing or the trajectory of policy normalization, but maybe […]
All Eyes On Jackson Hole
With this being one of the last Friday’s of the summer vacation season, we can probably expect trading volumes to remain light today. But make no mistake about it; all eyes will be on Jackson Hole this morning where both Janet Yellen and Mario Draghi are slated to speak. The key here is that Fed […]
Forex Weekly Outlook – Aug. 28 – Sep. 1, 2017
The US dollar was on the back foot against most currencies in the last full week of August. An update on US GDP, consumer confidence, and the all-important Non-Farm Payrolls stand out. Here are the highlights for the upcoming week. Sales of US new homes and also existing ones fell short of expectations, but these were not disasters. Yet together […]
“Un-Hawkish” Yellen Sparks Dollar Dump To 2017 Lows; Stocks, Bonds, & Bullion Bounce
A lack of hawkishness was good enough for traders to pile into the dovish – sell dollars, buy everything else trade. The Dollar Index plunged though to cycle lows, near May 2016 1150 lows… As many predicted, Yellen’s speech – while containing some cautions – was a nothing burger.
ECRI Weekly Leading Index: “Flashback: Declining Productivity In Construction”
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 144.1, down slightly from the previous week. Year-over-year the four-week moving average of the indicator is now at 4.64%, mostly unchanged from last week. The WLI Growth indicator is now at 2.3, down from the previous week. “Flashback: Declining […]
Harvey Still Forecast To Make Landfall As A Major Hurricane
Forecasts overnight did not shift significantly for Harvey, which continues to progress right at the Texas coastline. Landfall near Corpus Christie looks the most likely, though impacts will obviously be far more widespread. The latest National Hurricane Center forecast has Harvey make landfall as a strong Category 3 hurricane with sustained winds of 120 mph. […]
Rail Week Ending August 19, 2017: Intuitive Sectors Slight Contraction Improves From Previous Week
Week 33 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors insignificantly declined and the intuitive rolling averages remain in contraction. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and […]
Northwest Biotehrpeutics: How Does DCVax-L Clinical Data Compare To The CAR-T Therapy Axi-Cel?
An article on Seeking Alpha called Northwest Biotherapeutics: Statistically Satisfying was just published by an author who uses the pseudonym Bohsie. He looks at the unblinded data from the phase 3 trial of DCVax-L and hypothesizes that the data seems highly supportive of the hope that the phase 3 trial of DCVax-L will be statistically significant on the primary […]
Billion Dollar Unicorns: Valuation Without Revenue Nextdoor Trying To Monetize
Facebook’s social networking skills have inspired a few others to set up their own networking channels. For instance, LinkedIn established a professional focused networking service. A smaller organization is San Francisco-based Nextdoor, which has established a social network based on neighborhoods. Nextdoor has managed to attain a Billion Dollar Unicorn status, but its financials are still a matter of […]
