Note: This commentary has been updated to incorporate the July data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions.
August 15, 2018
Manufacturing activity in the New York region heated up right with the temperature in August as the Empire Manufacturing survey unexpectedly rose to 25.6 versus estimates for a reading of 20. As shown below, the tracker for General Business conditions hit
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Cisco Systems (CSCO – Free Report) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.
Great news America – US worker productivity jumped in Q2 by 2.9% QoQ, the best gain since Q1 2015. However, unit labor costs (what Americans are being paid to be productive) tumbled 0.9% QoQ in Q2, the biggest slump since Q3 2014.
A lot of angst is being felt amongst FANG investors overvaluation and buying too high right now. I don’t want to get into that debate here, but the market has a way of digesting and seeing changes in the business
The Barchart Chart of the Day belongs to the nutritional products retailer Vitamin Shoppe (VSI). Vitamin Shoppe is a specialty retailer and direct marketer of nutritional products. It primarily sells vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies, green living products and
Macy’s, Inc. (M – Free Report) delivered the fifth straight quarter of positive earnings surprise, when it reported second-quarter fiscal 2018 results. However, total sales fell short of the consensus mark after a beat in the preceding quarter. With this, the company delivered
Wild day in the markets. Emerging markets are getting crushed like a 1980s teenage nerd asking the head cheerleader to prom. As I write this, the EEM ETF is down roughly 3% on the day, and down more than 7%
TM editors’ note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence. Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading
