February 6, 2017: Magal Security Systems announced it has recently won a series of purchase orders amounting to over $8.5 million. These orders are expected to be delivered throughout 2017. The orders include the supply, integration and support of new innovative border and perimeter protection solutions to the Israeli Ministry of Defence (IMOD). The IMOD (Read More….)
February 01, 2017: Tetra Tech Inc reports Q1 EPS of $0.49 versus the $0.47 estimate. Revenue also beat $489 million versus the $476 million estimate. Tetra Tech’s backlog is up to $2.5 billion which is +39% higher year over year.
The CEO said, “Tetra Tech started fiscal year 2017 with very strong results, exceeding our (Read More….)
January 29, 2017: Cemex has ran up a bit too fast. Let’s sell and book profits for a 16.69% win and congratulations if you were able to make money on this stock.
January 15, 2017: Hot stock tip sent in from the GuerillaStockTrading website that if Trump builds the wall with Mexico they will (Read More….)
January 2, 2017: BBVA Banco Frances appears to have bottomed. The stock trades at a P/E of 11.6, a forward P/E of 9.5, and a PEG of 0.44.
BBVA Banco Frances Stock Chart
BBVA Banco Frances S.A., together with its subsidiaries, provides various financial services to corporations, medium and small companies, and individual customers (Read More….)
December 6, 2016: Volaris reports that on November 30th, Volaris Costa Rica was officially launched with two daily scheduled operations on the San Jos-Guatemala route.
Volaris also reports their November 2016 load factor was up 2.8% year over year.
November 10, 2016: Vuela Aviación S.A., a subsidiary of Volaris, announces that Volaris Costa Rica has (Read More….)
I’m of the belief that one reason stock markets smashed all-time high records this week is from the massive short covering going on that led up to the Presidential election on November 8, 2016.
You had billionaires like Warren Buffett and Mark Cuban suggesting that they took short positions in case of a Trump win. (Read More….)
I predict that a Trump win means down for the economy at first, then upward as the US consumer strengthens from domestic job growth.
The down first move in the economy will come from inefficiencies caused by forcing multinational corporations to bring domestic production facilities back to the US or face steep tariffs.
Several traders (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….)
Bill and Hillary Clinton’s NAFTA helped Mexico at the expense of US workers.
Economists against NAFTA in the 1990s warned everyone that all Mexico had to do was to devalue their currency to gain comparative advantage over the US for just about every product produced. The chart below shows Mexico has been devaluing their (Read More….)
For the week, the S&P 500 lost -1%, the DJIA fell -0.6%, and the Nasdaq dropped -1.5%. Last week, preannouncements from Honeywell, Dover, Ericsson, and Fortinet scared traders, along with a disappointing Q3 report from Alcoa. HP announced a cut of 3,000 to 4,000 jobs across all divisions because of challenging market conditions.
Friday’s solid (Read More….)
Illegal immigration negatively impacts the hourly wage of US citizens. Illegal immigrants are pouring across the Mexico border, and we have no way of counting them but what we can do is track legal immigration from Mexico then double the number for a fuzzy-math estimate.
With legal immigration and an impenetrable border, economists working (Read More….)
The stock market is being taken down by the rising US dollar. Check out the chart below of UUP and the S&P 500.
Our largest trading partner Canada is devaluing the Canadian dollar.
Our second largest trading partner China is devaluing the Yuan which is pushing up the US dollar. In overnight trading, (Read More….)
Mexico is devaluing its currency to gain a huge advantage in international trade. Democrats and the Obama Administration have done nothing to stop it.
Like most economists, I am for free trade; however, free trade today is not what it was in the 90s. The concept of international trade works because of comparative advantage. (Read More….)