The Chart of the Day belongs to Applied Optoelectronics (AAOI) a repeat that was highlighted back in January. I found the fiber optics stock by using Barchart to sort today’s All Time High list, first by the highest Weighted Alpha, then again by technical buy signals. Since the Trend Spotter signaled another buy on 8/12 the stock gained 31.75%. Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-p...
Expedia Inc. (EXPE – Free Report) reported second-quarter 2017 adjusted earnings of 66 cents per share, which surpassed the Zacks Consensus Estimate of 60 cents. Earnings were up 65% from the year-ago quarter. Revenues of $2.59 billion were up 18.2% sequentially and 17.8% year over year and came ahead of the Zacks Consensus Estimate of $2.54 billion. Gross bookings decreased 3.4% sequentially but increased 12% year over year to $22.8 billion. Shares increased 2.4% in afterhours trading in response to the better-than-expected results. Notably, year to date, shares of Expedia have outperformed the S&P 500 index. The stock returned ...
Shares of Dunkin’ Brands Group, Inc. (DNKN – Free Report) were up nearly 2% in the trading session on Jul 27, after the company reported mixed second-quarter 2017 results. While, the bottom line outpaced the Zacks Consensus Estimate, the top line lagged the same. Earnings and Revenues Discussion Adjusted earnings of 64 cents per share beat the Zacks Consensus Estimate of 62 cents by 3.2% and increased 12.3% year over year. This upside was mainly owing to better margins, offset by an increase in shares outstanding. Dunkin’ Brands’ revenues in the quarter increased 1% year over year to $218.5 million. The improvement was...
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly population data, giving us durable goods orders per capita. The blue line goes a step further and adjusts for inflation based on the Producer Price Index for All Commodities, chained in today’s dollar value. This gives us the “real” durable goods orders per capita and thus a...
After two surprisingly strong auctions earlier in the week, when the Treasury sold both 2 and 5 Year paper to unexpectedly brisk demand ahead of the FOMC meeting, which bounced despite a record high short interest in 2Y futs, moments ago the last auction of the week closed when $28 billion in 7 Year paper was sold at a high yield of 2.126%, tailing the When Issued 2.122%, and the highest yield since 2.215% in March. The internals were mediocre, with the bid-to-cover of 2.54 better than last month’s 2.461%, if right on top of the six auction average of 2.54%. Indirect bidders took down 67.7%, also better than last month’s 67.4%...
Elliott Wave Forecast GBP/USD Short Term Bearish trend is present in GBP/USD currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of GBP/USD currency pair is falling down on a short-term basis to create a Bearish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible sell trading chance. Strong key resistance level is present at 1.3134 price level which is the ending point of bearish wave i leg. In my opinion, the price action in GBP/USD currency pair has completed Bullish wave iv Zig Zag corrective wave and currently moving downwards to...
Part-way through earnings season, the outlook remains bright. Many of the most high-quality dividend stocks have beat expectations, and corporate earnings seem to be growing at a rate higher than previous expectations (although time will tell if this trend holds). On July 26, General Dynamics (GD) reported earnings for the three-month period ending July 2, 2017. General Dynamics is a well-known dividend stock, partially due to its long dividend history. The company’s annual dividend payments have increased for 26 years, making it one of the ‘youngest’ members of the Dividend Aristocrats – a group of dividend stocks with 25+ years of c...
USD/CAD Daily Chart Technical Outlook: USD/CAD reversed sharply today off confluence support at 1.2415 (low was 1.2413) – this level is defined by a long-term 61.8% ext of the broader decline off the 2016 high and converges on a parallel support extending off the 9/21 swing low (red). Note that daily momentum is also attempting to break back above the 30-mark and highlights the risk for a near-term recovery in price. Initial resistance is eyed at the medina-line (currently around the 1.26-handle) and is backed by 1.2723/39. A breach there would be needed to suggest a more significant recovery is underway. If price breaks lower from ...
Bloomberg interviewed Alicia Munnell from the Boston College Center for Retirement Research. She of course has come to be a thought leader for what ails the Social Security system. Shockingly it boils down to three things; cutting benefits, raising the cap one way or another or some combo of both. I’ve framed it numerous times by saying that something will have to give. Included in there is what I will bluntly call nonsense about replacement rates as in how much of someone’s income Social Security is intended to replace. There was talk in the interview about replacement rate dropping from 36% to 27% over some long period of time. It’s...
The headlines say the durable goods new orders improved. The unadjusted three month rolling average improved. .Analyst Opinion of the Durable Goods Situation Our analysis is more positive than the headlines as we see improvement this month. Civilian aircraft were the main headwind this month. If one removes aircraft – this is a soft report. This series has wide swings monthly so our primary metric is the unadjusted three month rolling average which improved. Econintersect Analysis: unadjusted new orders growth accelerated 8.8 % (after accelerating a revised 5.9 % the previous month) month-over-month and is up 14.7 % year-over-year. t...