Lowe’s Companies Inc. (LOW – Analyst Report), one of the largest home improvement retailers, came out with first-quarter fiscal 2016 results, wherein adjusted earnings of 87 cents per share surpassed the Zacks Consensus Estimate by a couple of cents and surged 24.3% year over year. Management expects earnings of approximately $4.11 per share for fiscal 2016. Earnings Estimate…
The market has been chattering quite a lot about the massive downside bets on the S&P 500 being placed by some of the industry’s best known players. That is something I would expect from my long time client and mentor George Soros. But Warren Buffett as well? He is one of the greatest long term,…
Hot stocks of the day: SPY, VTI, IVV,VXX Video length: 00:04:02
Venezuela is in dire straits. Two and a half years of low prices have taken their toll on the socialist government that squandered oil wealth when prices were more than twice what they are today. Now, the country has almost no food, no water, no medical supplies, no currency, no electricity and no toilet paper. Venezuela sits on the world’s largest known…
Economic growth has been winding lower lately and the deceleration trend is on track to continue in April, based on The Capital Spectator’s analysis of the three-month average of the Chicago Fed’s National Activity Index (CFNAI-MA3). Tomorrow’s report for the first month of the second quarter is expected to show that the Fed bank’s business…
Yesterday, the FTSE 100 breached the upper end of the 6054-6195 range, which kept price confined since May 6. However, as the session progressed, the price fell back into the range and closed the day near the middle of it. The slide back to the range took away some of the bullish bias. The bullish…
At a meeting today with the investment community, senior leaders from the Johnson & Johnson Family of Companies (JNJ) will review strategies and opportunities for growth in the Consumer and Medical Device segments. The company will highlight the strategic advantages of its broad base in human health care, its holistic approach to innovation and its…
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.06%) are down -0.10% and European stocks are down -0.16% ahead of the minutes of the Apr 26-27 FOMC meeting. The minutes take on extra importance after stocks fell yesterday on hawkish Fed commentary. Atlanta Fed President Lockhart said that “currently my assumption is two, possibly three” Fed rate hikes this year and…
Speculation is heating up before the 2 p.m. release of the minutes from the last FMOC meeting. Both equity and bond markets reacted strongly Tuesday in anticipation of the hawkish Fed report. Stocks were trounced, with the S&P 500 off 0.9 percent to 2047. Treasury yields moved up but the 10-year remained steady at 1.75…
I’ve been really intrigued by Wayfair (W) recently. It started with the purchase of a sleeper sofa last year. Furniture shopping sucks. Showcase stores are enormous but still have fairly limited inventory, just because of the sheer size of the product. I had a pretty specific idea of what I wanted. The room was painted and carpeted,…
