DOUBLE Earnings Drops = DOUBLE Trouble

Historical Data Source: S&P Global – Howard Silverblatt

In the past 30 years, we have had 7 instances of sequential earnings drops of 7% or greater.  In each case, it was not a positive – and a stock market correction reflected the downturn in economic activity.  There is a KEY distinction when referring to sequential earnings declines: Continue reading “DOUBLE Earnings Drops = DOUBLE Trouble”

Be in the know. 10 key reads for Monday…

  1. U.S., China Close In on Trade Deal (Wall Street Journal)
  2. Elon Musk, Tesla to unveil next vehicle, the Model Y crossover, on March 14 (USA Today)
  3. The US just officially hit the debt ceiling (Business Insider)
  4. Boeing could bring the Dow to a hard landing (MarketWatch)
  5. Strange Bedfellows: Office Depot and Alibaba team up to tap small and medium businesses (Reuters)
  6. Billionaires Are On the Hunt for New Underground Cobalt (Bloomberg)
  7. 5 Stocks to Buy Now That Low-Turnover Hedge Funds Love (24/7 Wall Street)
  8. The Bomb That Blew Up in 2008? We’re Planting Another One (Bloomberg)
  9. Kinder Morgan Co-Founder Is on a Stock-Buying Spree (Barron’s)
  10. Ray Dalio (Bridgewater) financing amazing underwater discoveries (YouTube)

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Be in the know. 21 key reads for Sunday…

  1. The Most Underrated And Unappreciated Superpower That Successful People Possess (Forbes)
  2. Activist Investor Elliott Takes Majority Control of Troubled Trucker Roadrunner (Wall Street Journal)
  3. Look “under the hood” of Hedge Fund “Trade Tips”® service with our new (short) webinar (YouTube)
  4. Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast) (Bloomberg)
  5. Why You Should Think Twice About ‘Free’ Funds (Wall Street Journal)
  6. Ferrari F8 Tributo: Ferrari’s Latest Mid-Engine V8 Supercar Will Remain The Benchmark (Forbes)
  7. Canada approves Huawei extradition proceedings, China seethes (Reuters)
  8. Hedge Fund and Insider Trading News: Steve Eisman, Carl Icahn, Voce Capital, New Residential Investment Corp (NRZ), ImmunoGen, Inc. (IMGN), and More (InsiderMonkey)
  9. Boeing Just Revealed the ‘Loyal Wingman’ Fighter Drone—For Australia (The Daily Beast)
  10. Nevis Is a Zen Paradise—and One of the Best Undiscovered Caribbean Islands (Men’s Journal)
  11. The Upsetting Real Story Behind The Afghan Girl National Geographic Cover (digg)
  12. The recent spike in tensions between India and Pakistan, explained (VOX)
  13. A Guide to Using Sauna to Increase Your Health and Longevity (Medium)
  14. The Perfect Pair of Pants Is Just a 3D Body Scan Away (Wired)
  15. Bill Gates: A Billion Dollars Won’t Make You Happy, but This Will (Inc.)
  16. Reading One Book a Week Won’t Make You Successful (Entrepreneur)
  17. Justin Trudeau Faces His Most Explosive Crisis Yet (Time)
  18. Baker Hughes: US rig count down 9 units for the week (Oil & Gas Journal)
  19. TRUMP: THE FIRST MMT PRESIDENT (The Macro Tourist)
  20. The End of Economics? ()
  21. Trump says strong dollar hurting U.S. competitiveness (Reuters)

 

 

 

Be in the know. 20 key reads for Saturday…

  1. See our latest thoughts in MarketWatch article, “How bullish investors could steer this stock-market run right off the road” (MarketWatch)
  2. See our latest article on ZeroHedge, “Earnings Estimates DOWN, Price UP. What’s NEXT?” (ZeroHedge)
  3. ISM manufacturing index hits lowest level since November 2016 (CNBC)
  4. Dudley says Fed might not be done raising interest rates this year (MarketWatch)
  5. Consumer spending posts biggest drop since 2009, but decline may be exaggerated (MarketWatch)
  6. Why Big Pharma Is Diving Into Gene Therapy ()
  7. Amazon reportedly plans to launch new grocery chain (New York Post)
  8. In This Oil Boom Town, Even a Barber Can Make $180,000 (Wall Street Journal)
  9. More Americans Are Back at Work Making Stuff (Wall Street Journal)
  10. 2020 McLaren 600LT Spider: The ‘Attainable’ Supercar (Wall Street Journal)
  11. The Bill Gross You Didn’t Know: Taxes, Deficits and Asperger’s (Bloomberg)
  12. Tesla’s $35,000 Model 3 is coming – here’s what Wall Street is saying (Business Insider)
  13. SpaceX launches Crew Dragon capsule to the space station in milestone test for NASA astronauts (CNBC)
  14. Week in review: How Trump’s policies moved stocks (TheFly)
  15. Warren Buffett Bets Big On StoneCo — Why This Profitable IPO Stock Should Be On Your Radar (Investor’s Business Daily)
  16. Southwest Airlines Sues Mechanics in Labor Dispute (New York Times)
  17. The Extreme Persistence Of The Current SPX Rally (QuantifiableEdges)
  18. North America Put More Robots to Work in 2018 Than Ever Before (Futurism)
  19. Goldman Sachs Newest Favorite Stocks for Serious Upside in 2019 (24/7 Wall Street)
  20. US Auto Sales Tumble To 18 Month Low As SUV Demand Hits A Brick Wall (ZeroHedge)

 

Insider Buying

On February 27, 2019, Keith Koci– CFO of Cleveland Cliffs Inc. – (CLF) – purchased 9,000 shares of CLF at ~$11.52. His out of pocket cost was $103,680.

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Be in the know. 10 key reads for Friday…

  1. One of Wall Street’s Most Popular Trading Strategies Is Now Failing (Bloomberg)
  2. Trade of the Day: Boeing Stock Hits Record Overbought Level (Yahoo)
  3. Trump warns he could abandon China trade deal as advisers tout progress (Reuters)
  4. Tesla stock soft after Elon Musk warns it won’t be profitable in Q1 (Business Insider)
  5. Tesla announces long-promised $35,000 Model 3 (USA Today)
  6. These two charts suggest the rally could go from good to bad in the short term (CNBC)
  7. Uber and Lyft Said to Offer Drivers a Chance to Participate in I.P.O.s (New York Times)
  8. Mattel Insiders Are Buying Up the Toy Maker’s Stock (Barron’s)
  9. Gap to Split Into Two Public Companies (Wall Street Journal)
  10. David Einhorn, hedge-fund manager says he will make fewer, bigger bets (Wall Street Journal)

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