April 16, 2017: Sell Broadcom for a 19% win in 84 days and congrats if you made money on the trade.
March 01, 2017: Broadcom Ltd reports Q1 EPS of $3.63 versus the $3.48 estimate. Revenue also beat coming in at $4.14 billion versus the $4.06 billion estimate.
CEO Hock Tan said, “We had a (Read More….)
March 29, 2017: General Electric was awarded a $114,885,988 firm-fixed-price contract for the procurement of 28 Lot 20 and 21 full-rate production F414-GE-400 install engines and associated devices for the F/A-18E/F and the EA-18 G aircraft. Work will be performed in Lynn, Massachusetts (59 percent); Hooksett, New Hampshire (18 percent); Rutland, Vermont (12 percent); and (Read More….)
How stupid do you have to be to think that China is a friend of the United States? South Korea and the U.S. were carrying out their usual joint military exercises in the region and so North Korea violated international law and launched four ballistic missiles on Monday in response.
North Korea just figured out (Read More….)
January 31, 2017: Oclaro reports Q2 EPS of $0.21 versus the $0.19 estimate. Revenue also beat coming in at $154 million versus the $153 million estimate.
The CEO Greg Dougherty said, “Our December quarter was very strong with improvement in all our financial metrics. Revenue increased 14 percent from the first quarter of fiscal 2017, (Read More….)
January 24, 2017: Deluxe Corporation got a positive mention on CNBC’s Mad Money today. Cramer has long been a fan of this company. Cramer said that when the company reports earnings later this week, should be strong. Cramer also likes Deluxe Corporation because it’s up 27% since his November 2015 interview with the CEO. Here (Read More….)
January 8, 2017: BioMarin Pharmaceutical announced today an update to its positive interim results of an open-label Phase 1/2 study of BMN 270, an investigational gene therapy treatment for severe hemophilia A, which will be presented as part of a company overview at the 35th Annual J.P. Morgan Healthcare Conference in San Francisco, California. These (Read More….)
Overnight Analyst Actions:
Headlines By Ticker:
AMGN Amgen Inc
12/12 16:18 Oppenheimer Resumed AMGN with Outperform
AVGO Broadcom Ltd (merged in 2016)
12/12 18:27 Positive Mad Money mention – CNBC
DIS Walt Disney Co
In a CNBC “Squawk Box” interview of Steven Mnuchin, the next Treasury Secretary, Steve brought up the idea of creating a super-long bond. The debt is so enormous that the only way to deal with it is to extend the payback date when a significant portion of that debt becomes due. Steven Mnuchin told CNBC…
For the week the S&P 500 fell -1.9%, the DJIA fell -1.5%, and the Nasdaq plunged -2.8%. Last week the VIX shot back above 20 to trade at levels not seen since the June Brexit vote. The S&P extended its longest losing streak since 1980 with its ninth consecutive decline on Friday.
Oil was (Read More….)
Do you remember when the WSJ, CNN, CNBC, NBC, ABC, CBS, Bloomberg, Forbes, and Reuters ran stories at the start of the year about how no one even knows who was advising Trump on economic matters? They even went as far to say that Trump had no support of any economists.
That never sat right (Read More….)
Saudi Arabia is now offering an international bond that yields 4.6%. The WSJ writes…
The $6.5 billion 30-year portion of Saudi Arabia’s bond is set to pay 2.1 percentage points more in yield than a comparable U.S. Treasury, or around 4.6%. That is a sizeable pickup in a world where developed-market bond yields are on (Read More….)
Donald Trump has correctly criticized the Federal Reserve for keeping interest rates low for Democrats. Yellen’s allegiance to Democrats is something I’ve been talking about for more than a year now.
Janet Yellen herself is a Democrat who was appointed by Obama. Remember how Yellen was questioned about why she was meeting with Democrats more (Read More….)
Peter Boockvar with The Lindsey Group was on CNBC today telling traders to keep an eye on Japan’s 10-year bonds for U.S. stock market trading signals.
The buzz on Twitter is this chart that seems to show U.S. bond markets following Japan’s 10-year bond yield chart.
The idea that if interest rates go (Read More….)
Matt Smith of ClipperData was on CNBC today, and I started choking in shock over what he said about how oil tankers are building up off Singapore because nobody has enough room to store all the oil.
In the U.S., Matt Smith said, we are seeing an oversupply of gasoline where they are turning gasoline (Read More….)
Mainstream financial media is publishing stories about how the market shouldn’t be this high. Watch out folks. Institutional traders have been making a lot of money off of pushing the idea that stocks are going to pull back at any time.
Amateur traders have been taking short positions against the market for more than a (Read More….)
Saudi Arabia targeted the US oil market by increasing production and flooding US markets with cheap oil. The mainstream financial media was in denial that the Saudis would target the US energy sector.
In the early days of Saudi Arabia’s attack back in July of 2014, CNBC had numerous energy traders on that scoffed at (Read More….)
The mainstream financial media is repeating the yearly claim that analysts say the second half of 2016 will be better than the first.
The media is reporting that analysts believe earnings growth will come in for Q3 2016 at +1.1%, and +7.4% for Q4 2016.
This prediction for stronger earnings in the 2nd half of (Read More….)
Former Fed Chairman Alan Greenspan gave a terrifying interview on CNBC on Friday, June 24, 2016. Greenspan said the UK vote to leave the European Union was even worse than the darkest days of October 1987 when the Dow crashed -23 percent!
What a shocking and horrific statement from the former Federal Reserve Chair.
War (Read More….)
The significant negative impact on US markets from Brexit is the rising US dollar. It is the rising dollar which will ultimately cause a stock market crash. Traders from around the world are selling out of the British Pound and the Euro, and buying safer US dollars.
The rising US dollar is harmful to (Read More….)
A new Survation telephone poll from June 20, 2016 shows 45% for “stay”, 44% for “leave”. The campaign for Britain to remain in the European Union has lost some momentum picked up from the Jo Cox murder. CNBC picked up on the story here.
The cable dropped on the latest polling data.
George Soros (Read More….)
If you are looking for a black swan event that could plunge the weak US economy into a full-blown recession, Brexit could be it.
Big US banks have already taken brutal losses over the last year.
Bank of America has more than $2.1 trillion in assets. Bank of Amerca’s stock has plunged -20% from a (Read More….)