Best Buy is Doing Even Better Than Last Quarter's Numbers Suggest This week, electronics retailer Best Buy (BBY) posted solid second quarter numbers against a backdrop of otherwise lackluster retail numbers. The company reported adjusted earnings of 57 cents per share, up 16% year-over-year and 14 cents better than the 43 cents per share analysts were calling for. It was...
Best Buy is Even Better Than Last Quarter's Numbers Suggest This week, electronics retailer Best Buy (BBY) posted solid second quarter numbers against a backdrop of otherwise lackluster retail numbers. The company reported adjusted earnings of 57 cents per share, up 16% year-over-year and 14 cents better than the 43 cents per share analysts were calling for. It was also...
This Election Year's Bullish Move Isn't All That Unusual For those who understand the market can be cyclical with respect to the calendar, 2016 to date has been in some ways an unusual year. It started out with a move deep in the hole, but Dow Jones Industrial Average (INDU) (DIA) has since fought its way to greater-than-norm returns for this...
This Election Year's Bullish Move Isn't All That Unusual For those who understand the market can be cyclical with respect to the calendar, 2016 to date has been in some ways an unusual year. It started out with a move deep in the hole, but Dow Jones Industrial Average (INDU) (DIA) has since fought its way to greater-than-norm returns for this...
The Rest of the Retail Spending Story: Department Stores are (Still) the Weak Link This past week was an important one for the retail sector (XRT), as Nordstrom, Inc. (JWN), Macy's Inc. (M), Kohl's Corporation (KSS) and JC Penney Company Inc. (JCP) — the four names that sent a terrifying message a quarter earlier when they posted miserable results —...
On Wednesday of this week, crude oil prices (USO) decidedly reversed what was becoming a prolonged downtrend. Between the end of June and Tuesday's close, oil had lost 18% of its value. Wednesday's 3.3% bounce was the best day oil had seen in over a month, snapping crude out of its recent bearish rut. The prompt? The Energy Information Administration's (EIA)...
6 Charts That Tell the Whole Current Story of Crude Oil On Wednesday of this week, crude oil prices (USO) decidedly reversed what was becoming a prolonged downtrend. Between the end of June and Tuesday's close, oil had lost 18% of its value. Wednesday's 3.3% bounce was the best day oil had seen in over a month, snapping crude out of...
Advance/Decline Line & Up/Down Volume Is A Concern For Broad Market A couple of weeks ago we looked at the NYSE's Arms Index, or Trading Index (often called TRIN, for short), concluding it warned us the market's rally wasn't particularly well-positioned to last. Since then, the S&P 500 (SPX) (SPY) has gone — literally — nowhere, remaining at the same value...
Arms Index Spotted the Headwind, Still Warns of Potential Short-Term Bearishness A couple of weeks ago we looked at the NYSE's Arms Index, or Trading Index (often called TRIN, for short), concluding it warned us the market's rally wasn't particularly well-positioned to last. Since then, the S&P 500 (SPX) (SPY) has gone — literally — nowhere, remaining at the same value...
Inside The Ford & GM Earnings Reports Two weeks ago, we pointed out that auto sales were deteriorating, and if nothing changed (in terms of trajectory), major U.S. carmakers like General Motors (GM) and Ford Motor (F) could both find themselves in trouble faster than many investors believed was plausible. The alternative side argued that the declines in United States automobile...