A new report from Realosophy offers good data and insight behind the greater Toronto area (GTA) real estate boom and sudden deflation over the past year. See A sticky end: lessons learned from Toronto’s 2017 real estate bubble. As charted below, after nearly doubling in 4 years between Jan 2013 and March 2017, median home prices…
With Chipotle’s (CMG – Free Report) new CEO Brian Niccol at the helm, the first quarter could mark the start of a better era for the embattled fast-casual chain. But before investors get too caught up in what Niccol might change long-term, they should look at what to expect from Chipotle’s upcoming first quarter financial results. Chipotle’s…
Is a death cross near? Yes, according to David Rosenberg, chief economist and strategist at Gluskin Sheff. Citing a laundry list of reasons for this year’s revival in market volatility, he told CNBC this week that the S&P 500’s 50-day average may soon slip below its 200-day average – a so-called death cross that market technicians say would signal…
Traditional Markets With the issues of big data and a trade and physical war still unresolved, the narrative of the markets at the moment is that fears are easing. The reason for this narrative, of course, is that stocks are going up. See, many traders, analysts, and especially the media (including myself, but I’m not…
Unofficially launching the Q1 earnings season (technically PNC was first), moments ago JPMorgan reported Q1 earnings which beat on both the top and bottom line, with revenue of $28.5BN above the $27.68BN consensus est (and above the highest sellside estimate of $28.23BN), generating EPS of $2.37, also beating expectations of a $2.28 print. That said,…
The USD/JPY has reached a new high of ¥107.67, the highest since February 27th. The safe-haven yen is sold-off on an improving market mood, and the US Dollar also has reasons to rise. The technical picture shows the pair is gaining momentum. The USD/JPY is trading above ¥107.50 after having reached a high of ¥107.67. The upside…
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $350 from $240. The streaming service closed yesterday up $5.58 to $309.25. The analyst admits he underestimated the market’s willingness to underwrite several years of negative free cash flow to drive growth. Netflix has changed…
The consumer cyclicalssector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing an automobile manufacturer. It’s a large-cap stock with market capital over $10 billion. Its name is General Motors Company. It’s…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.22%) this morning are up +0.30% and European stocks are up +0.50% at a 6-week high as fears of a trade war subside. President Trump hinted late yesterday the U.S. may rejoin the Trans-Pacific Partnership free-trade deal he pulled out of when he first took office and expressed…
It had looked to many investors that world was headed for a trade war and an escalating risk war in Syria. But now it seems less clear. US President Trump’s rhetoric on trade took a more constructive tone, and a divided Administration leaves Syria in a bit of a limbo. US equities rallied yesterday, and Asia…
