Author Archives: Darren Marchal

Earnings And Guidance Trends This Season

More than 1,500 stocks have now reported Q2 earnings, and as shown below, the percentage of them that have beaten consensus EPS estimates is down slightly this quarter versus the last two quarters. Forward guidance numbers have been more positive than negative thus far. The chart below shows the spread between the percentage of companies…

It’s A Mad Mad Oil World

Oil prices are rising. We have a falling U.S. oil rig count and a surprise drop in Saudi oil production, against a backdrop of increasing geopolitical risk. Baker Hughes’ oil rig was countdown two, gas rig count dipped by three. Reuters reported that Saudi Arabia pumped around 10.29 million barrels per day (bpd) of crude…

Morning Call For Monday, August 6

Overnight Markets and News Sep E-mini S&Ps (ESU18 +0.05%) this morning are up +0.11% at a 1-week high and European stocks are up +0.56%. Strength in energy producers is leading the overall market higher with Sep WTI crude oil (CLU18 +1.23%) up +1.47% after Saudi Arabia said it cut its crude production to 10.3 million…

A Different Look At The US Yield Curve

The US yield curve, as indicated by the spread between the 10-year and 2-year T-Note yields, made a new 10-year extreme over the past fortnight, meaning that it recently became the ‘flattest’ it has been in more than 10 years. While this may indicate that the boom is nearing its end, it definitely indicates that…

E

First, we look into the previous day trade and what happened on August 3, 2018, and the EUR/USD pair opened at 1.15839 and went high at 1.16074 and gone to low at 1.15627 and finally closed at 1.15658. The calculated pivot point for the day is 1.15786. The difference between high and low was 44…

Sensex Ends 136 Points Higher; Banking Stocks Witness Buying

Indian share markets continued to trade in the green during the closing hours of the trading session and ended the day on a positive note. Gains were largely seen in the banking sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 136 points (up 0.4%) and the NSE Nifty closed higher by 26 points (up 0.2%). The BSE Mid…

US REITs Surged Last Week While Foreign Real Estate Tumbled

Securitized real estate shares dominated last week’s performance rankings at the extremes for the major asset classes, based on a set of exchange-traded products. US real estate investment trusts (REITs) posted the highest return for the week through August 3 while foreign REITs/real estate suffered the biggest loss. Vanguard Real Estate (VNQ) popped 3.2% last week, the…