Sally Beauty Slides After Downgrade As KeyBanc Sees ‘Hairy’ Retail Story
Shares of Sally Beauty Holdings (SBH), a provider of beauty supplies, dropped in morning trading after the stock was downgraded by an analyst at KeyBanc, who has concerns over management’s operational plans. ANALYST DOWNGRADE: KeyBanc analyst Jason Gere cut his rating on Sally Beauty to Sector Weight from Overweight, calling the company’s retail story “hairy” […]
Double Data Disappointment Today Follows Worst Macro Week In 6 Years
Following the worst week for US macro data in six years, The Chicago Fed (National Activity) and now The Dallas Fed (regional) have both disappointed and fallen this morning. It was a rough week for ‘hope’ last week… And this week has not started well… March Chicago Fed national activity index printed 0.08 versus an estimated 0.50 (range […]
Putting Pro-Innovation Bias On The Blockchain
Blockchain Bias Over the past couple of years I’ve spent a lot of time listening to people wittering on about “the blockchain”. They’ve claimed it can solve a plethora of society’s ills – everything from the elimination of poverty to the overthrow of fiat currencies and the nation state. Being charitable this is evidence of pro-innovation […]
4 Top-Ranked Goldman Sachs Mutual Funds To Consider
Incepted in 1988, Goldman Sachs Asset Management (GSAM) offers financial services including investment and advisory solutions and risk management expertise to institutional and individual investors throughout the globe. With more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies. GSAM prides itself in having more than 2,000 […]
April 2017 Texas Manufacturing Survey Continues To Expand
Of the three Federal Reserve districts which have released their April manufacturing surveys – all are in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey Remember that last month, the hard data said manufacturing declined whilst the Fed surveys showed growth. This survey declined but remained in positive territory with both […]
E ADRs Best & Worst Report – Monday, April 24
The best sector in ADRs is financials. The top countries are Switzerland, Mexico, & Chile. The average score across our ADR universe is 55.19. The score has averaged 53.98 and 54.17 over the past four and eight weeks, respectively. The average ADR in our universe is trading -13.61% below its 52 week high, 6.56% above […]
Global Silver Mining Industry Productivity Falls To The Lowest In History
After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the average yield of the global silver mining industry increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine. Tahoe’s Escobal Silver Mine’s […]
Surplus Or Stimulus
René Magritte Le Cri du Coeur 1960 Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt-tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. […]
Silver’s… Comeback And Other Important Signals
The most prominent action in the precious metals market that we saw last week, took place in silver – the white metal closed the week below the important long-term support/resistance line, thus invalidating the previous breakout. However, there’s more to the precious metals market than just the action in silver. In today’s free gold analysis, we […]
Ready, Set, Splat
As I write, the French stock market (the CAC 40), is doing a grand jeté (up 4.5 percent!) in celebration of Emmanuel Macron’s assumed slaying of the dragon Le Pen. But that was just the first round under the interesting French election system. Consider that two other candidates who were eliminated, Monsieurs Fillon and Mélenchon, got nearly […]
