The Chart of the Day belongs to Tyson Foods (NYSE:TSN). I found the poultry processing stock by using Barchart to sort today’s All Time High list for the highest technical buy signals, then used the Flipchart feature to review the charts. Tyson Foods, Inc. is the world’s largest fully-integrated producer, processor and marketer of chicken and poultry-based food products. Tyson is a comprehensive supplier of value-added chicken products through food service, retail grocery stores, club stores and international distribution channels. Although its core business is chicken, in the United States Tyson is also the second largest m...
The US dollar traded higher before the weekend with the help a fairly robust jobs report. Although the jobs growth itself was somewhat disappointing, the details were constructive: More people working a longer work week and earning more. The participation rate rose, and the unemployment rate (U-3) fell. The Atlanta Fed GDPNow tracker increased to 2.2% in Q1 16 from 1.2% at the start of the week. Despite the pre-weekend gains, the greenback lost ground against all the major currencies last week. We had anticipated a stronger showing for the dollar following the BOJ surprise rate cut and the ECB’s reassessment of its monetary po...
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 211 = 16204 SPX – 35 = 1880 NAS – 146 = 4363 10 Y – .02 = 1.85% OIL – .73 = 30.99 GOLD + 18.40 = 1174.50 The S&P 500 extended its loss for the week to 3%. The index is now down more than 8 percent in 2016. The Nasdaq closed at its lowest since October 2014. Yesterday was a jobs report Friday. If you are a regular listener, you know that I go into quite a bit of detail. The reason is simple. The jobs report is the single most important economic data we can look at each month. So, here are the numbers: The economy added 151,000 nonfarm jobs in ...
How Did the Stock Market Do Today? Dow Jones: 16,204.83; -211.75;-1.29% S&P 500: 1,880.02; -35.43; -1.85% Nasdaq: 4,363.14; -146.42; -3.25% The Dow Jones Industrial Average today (Friday) fell 211 points after the U.S. Labor Department released a mixed jobs report for January. Tech stocks sank after LinkedIn Corp. (NYSE: LNKD) announced weak guidance for Q1 2016, and biotech stocks dragged down the healthcare sector and the Nasdaq. The CBOE Volatility Index (VIX) – Wall Street’s fear gauge – was up 8.9%. On the economic front, the unemployment rate fell to 4.9% in January, but the country only created 151,000 jobs. Ec...
LinkedIn Plunges 43% Earlier today, in a strange twist of fate I exchanged emails with Georgetown University professor Salil Mehta regarding Facebook (FB). I replied to Mehta with a comment not regarding Facebook but rather regarding LinkedIn (LNKD): “Pray tell, what the hell good is it for everyone in the world to link to everyone else in the world?” I had not yet seen the carnage in LinkedIn. I looked just now thanks to an email from reader Tibor who writes “I know it’s not quite a FANG, but dang! A $50B company down 43% in one day!” LinkedIn Daily Chart Mish Personal Experience From my own personal experience, LinkedIn customer s...
State Street has had a tremendous advantage in the exchange-traded fund world by being the first issuer of dedicated sector funds. Their highly successful SPDR sector series debuted in 1998 and has spent nearly two decades building a world-class reputation. Everyone from professional to novice investors respect SPDR ETFs for their liquidity, transparency, low-costs, and tax efficiency. The original suite of 9 sector funds is built on the Standard & Poor’s Global Industry Classification Standard. This is published by a panel of experts to clearly delineate each company within the S&P 500 Index into individual categories based on thei...
Spinoffs have historically been great investments, and right now a number of companies are feeling the pressure to break apart to unlock more value. These are the stories you should be buying and selling. With the S&P 500 now down nearly 5% over the last year, companies are looking to unlock value any way they can. This includes spinning off parts of their business or doing full-blown breakups. Now, spinoffs have historically been great investments. Joel Greenblatt has one of the best investing track records ever, thanks to investing in spinoffs and other special situations. Greenblatt started his hedge fund, Gotham Capital, in 1985. For ...
If the Chinese were intent on financial reform, and that meant trying perhaps the impossible task of a managed bubble deformation, the genesis of the idea was forged in the United States. China’s vast industrial machine was made to service US consumers and financed with the full throat of euro/dollar expansion, leaving so many goods for sale in US stores stamped “Made in China.” In terms of numbers, the Chinese expected 20-40% export growth to the US; on this side that meant something like 20-30% growth in US imports from China. Outside of the brief burst of optimism in the immediate aftermath of the Great Recession, when that economic ...
Nice economic recovery. Not. Stocks have fallen to key support. I still think the SP 500 is forming a symmetrical triangle or a bear flag with more downside to come, but we’ll have to see how next week goes. There will be no sustainable recovery until there is meaningful financial and economic reform. The natives are restless, but confused. And so the outcome is uncertain. Have a pleasant weekend....