S&P downgrades Spain two notches, to BBB+ from A, with a negative outlook. The ratings agency says it expects "Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections." [View news story]
Have gasoline prices peaked? AAA's Daily Fuel Gauge reports the latest average U.S. price for a gallon of regular is $3.891, down from $3.899 the day before, $3.907 a week ago and just 1.4% higher Y/Y. Prices of gasoline futures also have leveled out as oil prices have begun to fall and low refinery capacity has not caused the expected supply drop. [View news story]
Yes that 1.6 cent drop after an 85 cent spike is really exciting and super bullish!
Chipotle (CMG +1.6%) trades higher after Argus initiates the shares with a Buy rating. The firm says same-store sales and unit growth are likely to remain among the highest in the sector, and that recent price increases have been absorbed by customers. [View news story]
For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible? [View news story]
and yes, it was so hard to make ends meet with $4 gas in 2008 that I went out and bought a new car...wtf?
For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible? [View news story]
agreed, I have saved SO much money on my recent coal purchases (??) that I didn't even notice my last $75 fill-up, lol...
February Consumer Credit:+$8.7B vs. +$12B expected and $17.8B prior. Non-revolving debt (student loans, car and personal loans) up $10.94B, while revolving debt (credit cards) fell $2.21B. The debt total for consumers marks the highest level since April 2009, although the rate of growth was the slowest since last October. [View news story]
never fear... futures will gap down big on the open tomorrow night but will magically levitate between 2-6 am (thanks PPT!) then open monday a.m. only down slightly, giving HFT algos a chance to "buy the dip" around 10 am. we'll be green by noon, and up 5-10 handles by the close. I think I've seen this movie before...
Priceline.com Should Be Avoided At Its Current Price [View article]
thanks std - i had overlooked PCLN lately, but when I did some quick research, they only trade ay 37X earnings! for a company tied to discretionary spending this seems like a steal...
The BLS has revised higher its initial estimate of jobless claims in 56 of the past 57 weeks. While this doesn't change the improving trend in the data, writes Eric Morath, it does call into question the survey's methodology, not to mention those who would trade on the number. "Revisions," says a portfolio manager, "tend to be viewed as noise." (see also) [View news story]
At this point I have... more faith in the numbers coming from the Chinese govt.
The bull market in stocks is going to run for the rest of the year, despite the market's already-outsized gains, says Byron Wien. “Over the past three months the pessimistic mood has changed to optimism,” Wien observes, and buying will continue to pick up as more equity "disbelievers" are converted, the economy improves and more companies follow Apple’s lead in paying dividends. [View news story]
ok Byron... i've been on the sidelines for the last 6,500 dow points, but i think now it's a safe time to start getting INVOLVED!
"You can get cautious, but never bearish," says Jeff Saut, holding plenty of cash as he awaits a chance to buy the dip. Recognizing the investor need to do something when there isn't much to do, his advice is to recognize a lot of easy money has already been made and "do nothing and wait for a fatter pitch." [View news story]
What happened to his 'stache? shaving it off must have been a pre-requisite for his entrance to perma-bull land...
Cramer said to buy Netflix at $295 (no mea culpa, of course)... now he gets a "do-over"... or is he recommending a double-down here for those poor Cramericans that rode it all the way down? I would like some clarification ...
News Flash: Europe Is Slowing, China Is Slowing, Goldilocks Has Left The Building [View article]
IMO, more important than Q1 earnings is the fact that national avg for unleaded gas is about to cross the $4 rubicon this week...(much higher in the most populated states).... look out below
According to projections, earnings season - which begins in just a few weeks - is shaping up to be one of the worst since the financial crisis began. Projections for Q1 earnings growth are running as low as 0.5%, according to Standard & Poor's/Capital IQ. And that's coming off a mediocre Q4, where most of the earnings beats came off drastically lowered expectations. [View news story]
earnings? lol!! what do they have to do with stocks? i'm all in baby! see you at 1500!
S&P downgrades Spain two notches, to BBB+ from A, with a negative outlook. The ratings agency says it expects "Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections." [View news story]
Jim Cramer's Ultimate Growth Stocks for 2012, which boast "the kind of rapid yet consistent growth that’s coveted in an environment where economies around the globe seem to be slowing." But buy only on a pullback: AAPL, SBUX, CMG, ROST, AGN, CELG, LULU, MNST, NKE, MCD. [View news story]
Have gasoline prices peaked? AAA's Daily Fuel Gauge reports the latest average U.S. price for a gallon of regular is $3.891, down from $3.899 the day before, $3.907 a week ago and just 1.4% higher Y/Y. Prices of gasoline futures also have leveled out as oil prices have begun to fall and low refinery capacity has not caused the expected supply drop. [View news story]
Chipotle (CMG +1.6%) trades higher after Argus initiates the shares with a Buy rating. The firm says same-store sales and unit growth are likely to remain among the highest in the sector, and that recent price increases have been absorbed by customers. [View news story]
For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible? [View news story]
For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible? [View news story]
February Consumer Credit: +$8.7B vs. +$12B expected and $17.8B prior. Non-revolving debt (student loans, car and personal loans) up $10.94B, while revolving debt (credit cards) fell $2.21B. The debt total for consumers marks the highest level since April 2009, although the rate of growth was the slowest since last October. [View news story]
Priceline.com Should Be Avoided At Its Current Price [View article]
The BLS has revised higher its initial estimate of jobless claims in 56 of the past 57 weeks. While this doesn't change the improving trend in the data, writes Eric Morath, it does call into question the survey's methodology, not to mention those who would trade on the number. "Revisions," says a portfolio manager, "tend to be viewed as noise." (see also) [View news story]
The bull market in stocks is going to run for the rest of the year, despite the market's already-outsized gains, says Byron Wien. “Over the past three months the pessimistic mood has changed to optimism,” Wien observes, and buying will continue to pick up as more equity "disbelievers" are converted, the economy improves and more companies follow Apple’s lead in paying dividends. [View news story]
Buffalo Wild Wings: A Solid Growth Company To Buy On A Dip [View article]
"You can get cautious, but never bearish," says Jeff Saut, holding plenty of cash as he awaits a chance to buy the dip. Recognizing the investor need to do something when there isn't much to do, his advice is to recognize a lot of easy money has already been made and "do nothing and wait for a fatter pitch." [View news story]
'Mad Money' Picks: 7 Tech Buys And 2 Sells [View article]
News Flash: Europe Is Slowing, China Is Slowing, Goldilocks Has Left The Building [View article]
According to projections, earnings season - which begins in just a few weeks - is shaping up to be one of the worst since the financial crisis began. Projections for Q1 earnings growth are running as low as 0.5%, according to Standard & Poor's/Capital IQ. And that's coming off a mediocre Q4, where most of the earnings beats came off drastically lowered expectations. [View news story]