Newsclips
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April 26, 2016
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Factset – Earnings Insight For April 22, 2016 Earnings Scorecard: With 26% of companies in the S&P 500 reporting earnings to date for Q1 2016, 76% have reported earnings above the mean estimate and 55% have reported sales above the mean estimate. Earnings Growth: For Q1 2016, the blended earnings decline is -8.9% . If… Continue reading An Earnings Update
The New York Times – GRETCHEN MORGENSON: Fantasy Math Is Helping Companies Spin Losses Into Profits Companies, if granted the leeway, will surely present their financial results in the best possible light. And of course they will try to persuade investors that the calculations they prefer, in which certain costs are excluded, best represent the… Continue reading Reported vs. Operating Earnings
<Click on graphic for larger image> <Click on graphic for larger image> <Click on graphic for larger image> Barron’s – Barron’s Big Money Poll: The Pros Turn Cautious Only 38% of the money managers in our latest survey are bullish on the outlook for stocks. And they think Clinton will beat Trump. The Dow Jones… Continue reading Barron’s Poll Of Money Managers
Barron’s – Manager Ron Baron’s Favorite Stock Picks Why the legendary Wall Street pro likes Tesla, Hyatt, Inovalon, Manchester United, and Illumina. It seems ludicrous to call Ron Baron a money manager when he is so much more—CEO, raconteur, impresario. His Baron Investment Conference for shareholders last year took over all of Lincoln Center and… Continue reading More On Active Management’s Poor Performance
<Click on chart for larger image> MoneyBeat (WSJ Blog) – The ECB Can’t Buy As Many Bonds As It Seems The European Central Bank dazzled credit markets on Thursday by announcing that it would purchase more corporate bonds than expected. But a closer look at the scheme suggests the pool of eligible assets could, in… Continue reading A Look At ECB Bond Purchases
<Click on graphic for larger image> Bloomberg.com – Julian Lee: Iran Might Still Outwit the Saudis on Oil Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at its recent pace, it could raise an interesting dilemma at OPEC’s next meeting in June. … Continue reading Crude Production
<Click on chart for larger image> The Wall Street Journal – Fed Statement Could Offer Clues Toward June Rate Decision Federal Reserve officials are unlikely to raise short-term interest rates at their meeting this week, but could drop hints about whether they might move at their next gathering in June. Clues could lie in their… Continue reading This Week’s FOMC Meeting
<Click on graphic for larger image> Bloomberg.com – Saudi Key Rate Climbs to 2009 High as Funding Squeeze Tightens Three-month interbank offered rate up 46 bps this year Reflects slower deposit growth, higher government borrowing A key interest rate in Saudi Arabia climbed to the highest level in seven years as oil’s slump and increased… Continue reading Crude’s Fall Creating Financial Stress In Saudi Arabia
<Click on chart for larger image> <Click on chart for larger image> Bloomberg.com – The Tokyo Whale Is Quietly Buying Up Huge Stakes in Japan Inc. They may not realize it yet, but Japan Inc.’s executives are increasingly working for a shareholder unlike any other: the nation’s money-printing central bank. While the Bank of Japan’s… Continue reading The BoJ Is Now A Major Shareholder In 90% Of Nikkei Companies
<Click on chart for larger image> The Wall Street Journal – The ‘Idleness Rate’ for Young High-School Graduates Is 15.5% For the majority of Americans, the years after high school are marked by entering the labor market or heading to college. But about one out of every six recent high-school graduates got that diploma and… Continue reading The Jobs Market
<Click on graphic for larger image> Bloomberg.com – China’s Great Ball of Money Is Rushing Into Commodities Futures Steel rebar to cotton are surging, prompting cooling measures Frenzied activity echoes stock trading before $5 trillion rout Chinese speculators have a new obsession: the commodities market. Trading in futures on everything from steel reinforcement bars and… Continue reading Chinese Speculators Love Commodities