Month


 

More pain is ahead for this year's worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower.

With crude near $47 after starting off the year above $54, Stephen Schork, founder and editor of The Schork Report, says the commodity will not get back above $50 per barrel anytime soon.

barrel continue crude demand energy Gilbert month oil refineries Schork

 

Comments on July Housing Starts [-0.01]

Posted on Aug. 16, 2017, 2:44 p.m. by Calculated Risk @ [source]

The housing starts report released this morning showed starts were down 4.8% in July compared to June, and were down 5.6% year-over-year compared to July 2016.

Note that multi-family starts are volatile month-to-month, and has seen wild swings over the last year.

completion July month multi family note red single starts to year

 

July export prices rose 0.4% vs a 0.1% rise in import prices. Import prices in July posted an as-expected 0.1 percent increase as petroleum was up 0.7 percent in the month.

boost export finished import July month On petroleum rose year

 

Deutsche Bank upgraded Wynn Resorts to buy from hold and increased its 12-month price target, citing forecasts of increased mass market volume, or walk-in business, in China and VIP strength.

Shares of Wynn were up 4.3 percent Tuesday after the release of the Deutsche Bank report.

business Deutsche Bank in increased Mass month quarter shares walk Wynn

 

Japanese stocks rebounded sharply on Tuesday morning and moved away from a three-month low hit on the previous day after Wall Street rallied as tensions between the United States and North Korea eased.The Nikkei share average jumped 1.4 per cent to 19,817.30 in midmorning trade, after falling 1.0 per cent on the previous day to hit the lowest closing level since May 2.US officials on Sunday played down the risk of an imminent war with North Korea. Dai-ichi Life Holdings rose 2.1 per cent, while T&D Holdings and Mitsubishi UFJ Financial Group rose 2.3 per cent each.Tracking strength in US technology shares, Japanese chip-related companies such as Advantest Corp and Tokyo Electron gained 2.1 per cent each.Automakers were also in demand, with Toyota Motor Corp rising 1.8 per cent, Nissan Motor Co adding 2.0 per cent and Subaru Corp climbing 1.6 per cent.The value of the yen, which is a big driver of the market given the high number of exporter stocks, also underpinned trading.The dollar rose 0.5 per cent to 110.18 yen, pulling further away from a near four-month low of 108.72 yen set on Friday.The broader Topix gained 1.3 per cent to 1,620.33.

cent Corp hit Japanese month North rose stocks The yen

 

TOKYO: Japanese stocks rebounded on Tuesday, snapping a four-day losing streak and moving away from a three-month low hit on the previous day after Wall Street cheered easing tensions between the United States and North Korea eased.The Nikkei share average rallied 1.1 per cent to 19,753.31, after falling 1.0 per cent on the previous day to hit the lowest closing level since May 2.US officials on Sunday played down the risk of an imminent war with North Korea. Sompo Holdings rose 2.2 per cent, Mitsubishi UFJ Financial Group rose 1.7 per cent and Mizuho Financial Group added 1.4 per cent.Tracking strength in US technology shares, Japanese chip-related companies such as Advantest Corp advanced 1.4 per cent and Tokyo Electron gained 1.9 per cent.Automakers were also in demand, with Toyota Motor Corp rising 1.5 per cent, Nissan Motor Co adding 1.8 per cent and Subaru Corp climbing 1.2 per cent.The value of the yen, which is a big driver of the market given the high number of exporter stocks, also underpinned trading.The dollar rose 0.7 per cent to 110.35 yen, pulling further away from a near four-month low of 108.72 yen set on Friday.The broader Topix gained 1.1 per cent to 1,616.21.

cent Corp four hit Japanese month rose stocks The yen

 

Jerry Varnell, 23, of Sayre, Oklahoma, was taken into custody on Saturday after an eight-month investigation.

custody eight investigation Jerry month Oklahoma Saturday Sayre Varnell

 

3 Nasdaq-100 Laggards Ripe for Short Selling [0.04]

Posted on Aug. 14, 2017, 2:51 p.m. by rss_stock_analysis @ [source]

The tech-heavy Nasdaq-100 Index has led broad averages to bull market highs in the past nine months but is now deeply overbought and in need of a long-term consolidation or reversal.

Akamai Technologies, Inc. (AKAM) shares rallied above the 2007 high at $59.69 in February 2015 and failed the breakout just nine months later.

bounce breakdown gap July low month quarter sale stock test

 

World stocks rose on Monday, attempting to recover after fears of a U.S.- nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.

Those gains were led by bounces in Australia, Hong Kong and South Korea while MSCI's world index rose 0.2 percent.

data Euro gain Japan Japanese lows month rose shares yen

 

Is Low Inflation a Quirk or a Trend? [0.09]

Posted on Aug. 12, 2017, noon by Morningstar Articles @ [source]

About the only economic news of real consequence this week was Friday's inflation report, which showed surprisingly low inflation for the month of July on both a month-to-month and year-over-year basis. In other news, data from the National Federation of Independent Business suggested that concerns about finding workers have reached a new recovery high.

data decline food gasoline inflation inflation rate month productivity recession year over

 

Almost no one wants to buy a $1,000 iPhone, Barclays says [0.14]

Posted on Aug. 11, 2017, 5:15 p.m. by Finance @ [source]

Barclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000.

In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone.

Apple Barclays Consumers current end high iPhone month news spend

 

Volatility spread across asset classes on Thursday, as the CBOE volatility index spiked to its highest level since May, gold prices rose to two-month highs and all major U.S. equity indices closed lower, with the S&P 500 falling by 1.45 percent.

Investors ought to begin positioning themselves for this heightened volatility and anticipate a continuation of "selling pressure within the equity markets," in the coming months, said Chad Morganlander, portfolio manager at Washington Crossing Advisors.

equity Gold investors market month portfolio rose side Thursday volatility

 

Volatility spread across asset classes on Thursday, as the CBOE volatility index spiked to its highest level since May, gold prices rose to two-month highs and all major U.S. equity indices closed lower, with the S&P 500 falling by 1.45 percent.

Investors ought to begin positioning themselves for this heightened volatility and anticipate a continuation of "selling pressure within the equity markets," in the coming months, said Chad Morganlander, portfolio manager at Washington Crossing Advisors.

equity Gold investors market month portfolio rose side Thursday volatility

 

Not that long ago, the strong dollar was hurting the earnings and revenues of many of the top international companies based in the United States. The report points out that dollar has tended to move in long-term cycles, with the average bull market lasting six to seven years and the average bear market lasting nine to 10 years — and the last dollar bull market from July of 2011 to January 2017 lasted nearly six years.

bear Credit Suisse dollar Euro market month noted report team year

 

Disney Bulls Hold an Edge Into Earnings [0.04]

Posted on Aug. 7, 2017, 4:29 p.m. by rss_stock_analysis @ [source]

The Walt Disney Company (DIS) has dropped into the 25th slot in Dow component relative strength after a tough quarter generated the most aggressive selling pressure in two years in reaction to an underperforming ESPN division.

Disney stock underperformed badly during the mid-decade bull market, failing to mount broken support until 2006.

cycle Disney dropped earnings higher long term lower month stock year

 

Motor vehicle sales continued to be the biggest disappointment, showing year-over-year declines yet again, despite some healthy incentives. The slow motor vehicle sales data was particularly disappointing in light of production rates that have not fallen nearly as fast.

consumption data employment growth job June month rate wage wage growth

 

LUTHER, Okla. - A 4-month-old Oklahoma girl was found dead after she was left inside an SUV by her grandmother on Friday, KFOR reported. The Luther Fire Department was called to Apple Creek Learning Center around 5:30 ...

The Luther Fire Department was called to Apple Creek Learning Center around 5:30 ...

Apple center Creek department fire learning Luther month Okla old

 

Jail term in text message suicide case [0.20]

Posted on Aug. 4, 2017, 11:54 a.m. by Distressed Volatility @ [source]

A court in the US has handed down a 15-month jail term against a young woman who encouraged her 18-year-old boyfriend to commit suicide in a series of text messages.

Michelle Carter was 17 when Conrad Roy died from carbon monoxide poisoning in Massachusetts in 2014.

Carter Court encouraged handed jail month old woman year young

 

SINGAPORE: Asian stocks struggled on Friday after a technology-led drop on Wall Street , while US Treasury yields and the dollar remained under pressure on signs that probes into possible Russian interference in the 2016 US elections are gathering pace.MSCI's broadest index of Asia-Pacific shares outside Japan was marginally higher, with many investors reluctant to stake out fresh positions ahead of US job data later in the global day.The index was poised to rise 0.2 per cent for the week, taking its gains for far this year to nearly 24 per cent.Japan's Nikkei dropped 0.4 per cent on a stronger yen, and looked set to end the week little changed. It was down 0.15 per cent early on Friday at 92.702 per cent, set to end the week 0.6 per cent lower.The dollar also slipped 0.2 per cent to 109.82 yen, its lowest since mid-June.

cent dollar Friday gain index June month overnight The Thursday

 

The U.S. dollar continued its slide on Thursday against a basket of foreign currencies, trading near 15-month lows after U.S. services sector data missed economists' expectations early in the session.

Currency markets are of particular concern right now to Matt Maley, equity strategist at Miller Tabak, who said in an interview Thursday that he is watching the dollar/euro relationship quite closely.

currencies currency dollar foreign lows Maley market month sentiment Thursday