World edges closer to deflationary slump as money contracts in China All key indicators of China’s money supply are flashing warning signs. The broader measures have slumped to stagnation levels not seen since the late 1990s. By Ambrose Evans-Pritchard, International business editor 6:32PM BST 13 May 2012 Narrow M1 data for April is the weakest since modern records began. Real…
LANGE FINANCIAL SERVICES. UPDATE. MAY 7, 2012 In our memo last week we discussed the recent three-month trading range between Dow 13,300 and 12,700. On Tuesday the Dow made a 54-month intraday high above 13,300 before reversing. However, the Dow was the only index that made a new high. This set up a negative divergent pattern and the likelihood that…
The ISM manufacturing index increased to 54.8 in April from 53.4 in March, coming in well above the consensus expected 53.0. (Levels higher than 50 signal expansion; levels below 50 signal contraction.) The major measures of activity all increased in April and most remain well above 50, signaling growth. The production index rose to 61.0 from 58.3 and the employment…
LANGE FINANCIAL SERVICES. APRIL 30, 2012 7:00AM The market,as measured by the Dow Industrial Average, has traded between 12,700 and 13,300 since early February. During this three-month period we have seen significant strength in many of our growth stock favorites. Reciprocally, many stocks have been weak or relatively weak including drillers, and virtually all commodity stocks. Selectivity has certainly been…
Next week we’ll see the monthly jobs report for the US. With GDP coming in below expectations on Friday and Federal Reserve Chairman Ben Bernanke hinting that the Fed is prepared to commit more monetary easing measures to keep the US growing, a weak number may be viewed as positive for the markets. Manufacturing data for the US is also…
Apple (AAPL) Q2 2012 Earnings Call April 24, 2012 5:00 PM ET Operator Good day, everyone, and welcome to this Apple Incorporated Second Quarter Fiscal Year 2012 Earnings Release Conference Call. Today’s call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Nancy Paxton, Senior Director of Investor Relations.…
It will be a big week for the bulls with a slew of economic data from the US and earnings seasons reaching its peak. Apple (AAPL), Netflix (NFLX), Boeing (BA), Caterpillar (CAT), and Amazon (AMZN) all report. So far this quarter, earnings reports have solidly passed estimates with over 75% of reports beating expectations. GDP will come in on Friday,…
Van Eck Hotline on Money and the Economy For: Monday, April 16, 2012 (800) 219-1333. VetHotline@aol.com. As the recovery in the U.S. economy approaches its third full year, there are millions of people that continue to deny its very existence. It seems like every spring and summer, the media and Wall Street are filled with predictions about how the economy…
European markets will be closed on Monday for the Easter holidays, so it will be a slow day for global markets. On Friday we get GDP numbers and sales numbers from China, after the Chinese government downgraded its growth outlook in late March. Market participants have questioned the potential for a soft landing in China, and this will give us…
PIPER JAFFRAY Subject: Piper: Why We Believe Apple will be World’s First Trillion Dollar Company We believe shares of AAPL will reach $1,000 in CY14, which would imply a roughly $1 trillion dollar market cap, the first in history. While some investors believe the biggest issue for AAPL to get to $1,000 is the market cap along with excessive investor…
The Disbelievers April 2012 BYRON WIEN One of my Ten Surprises was that the Standard & Poor’s 500 would reach 1400 sometime during 2012, and here we are at the beginning of the second quarter and it’s already there. When I wrote that, my objective was to have the most optimistic estimate among Wall Street strategists. I actually thought the…
US markets will be closed next Friday for the Easter holiday. The ECB will release its rate decision on Thursday; last month’s release had the bank leaning in more of a hawkish direction on concerns of rising inflation. It is still speculated that the bank will initiate another round of quantitative easing after two rounds of easing that released $1…
The US, France, UK, and Canada will release their quarterly Gross Domestic Product (GDP) numbers this coming week after markets slipped off multi-year highs last week. The US is expected to grow at a rate of 3.0% year-over-year. Treasuries broke out of a 5-month range two weeks ago on expectations of continued growth, but economic reports disappointed this week and…
Gasoline Deficit Looms in U.S. East on Shutdowns: Energy Markets 2012-03-22 14:05:46.263 GMT By Paul Burkhardt March 22 (Bloomberg) — The biggest wave of refinery closures on the U.S. East coast is raising the specter of gasoline shortages during the peak-demand driving season. The region will have lost almost half of its refining capacity in six months by July, according…