Archive for Energy

So Much For Doom And Gloom…

After a dismal fourth quarter disheartened investors needed a snap back rally and they got it in spades The S amp P 500 rallied 15 from the market s lows on December 24 through the end of January That s 15 in six weeks I think it would be fair to say that this is a far …read more

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Category: PersonalFinance

CareTrust REIT (CTRE) Meets Q4 FFO Estimates

CareTrust REIT CTRE came out with quarterly funds from operations FFO of 0 32 per share in line with the Zacks Consensus Estimate This compares to FFO of 0 31 per share a year ago These figures are adjusted for non recurring items A quarter ago it was expected that this health care …read more

Read more here: CareTrust REIT (CTRE) Meets Q4 FFO Estimates

Category: PersonalFinance

First Industrial Realty Trust (FR) Q4 FFO and Revenues Surpass Estimates

First Industrial Realty Trust FR came out with quarterly funds from operations FFO of 0 42 per share beating the Zacks Consensus Estimate of 0 41 per share This compares to FFO of 0 41 per share a year ago These figures are adjusted for non recurring items This quarterly …read more

Read more here: First Industrial Realty Trust (FR) Q4 FFO and Revenues Surpass Estimates

Category: PersonalFinance

CareTrust REIT (CTRE) Meets Q4 FFO Estimates

CareTrust REIT CTRE came out with quarterly funds from operations FFO of 0 32 per share in line with the Zacks Consensus Estimate This compares to FFO of 0 31 per share a year ago These figures are adjusted for non recurring items A quarter ago it was expected that this health care …read more

Read more here: CareTrust REIT (CTRE) Meets Q4 FFO Estimates

Category: PersonalFinance

First Industrial Realty Trust (FR) Q4 FFO and Revenues Surpass Estimates

First Industrial Realty Trust FR came out with quarterly funds from operations FFO of 0 42 per share beating the Zacks Consensus Estimate of 0 41 per share This compares to FFO of 0 41 per share a year ago These figures are adjusted for non recurring items This quarterly …read more

Read more here: First Industrial Realty Trust (FR) Q4 FFO and Revenues Surpass Estimates

Category: PersonalFinance

3 Charts for Navigating the Commodities Market

Investor sentiment toward commodities over recent weeks has been mixed due in part to heightened volatility and shifting fundamentals. In this article, we dig into the charts of key funds from different segments of the commodities market to determine the best trade setups heading into September. (For more, see: Commodities: The Portfolio Hedge.)

Commodities Market Performance

One of the most popular exchange-traded funds (ETFs) used by investors for gaining exposure to a diversified basket of commodities is the iShares S&P GSCI Commodity-Indexed Trust . Fundamentally, the holdings span energy, agriculture and metals. Taking a look at the chart, you’ll notice that the 50-day moving average crossed below the 200-day moving average in April, which is known as a death cross (shown by the red circle). This common technical sell signal is usually used by active traders to mark the beginning of a long-term downtrend. This chart is also a textbook-style example of how the price of an asset generally behaves near a major level of resistance such as the 200-day moving average after a major sell signal has been triggered. Traders would expect this resistance to continue over the months ahead and will likely hold a bearish outlook on the general commodities market until the price rises above resistance. (For more, check out: Major Resistance Levels Suggest Commodities Are Headed Lower.)

Energy

With the fund’s overweight position in energy commodities, it is unsurprising that the pattern of GSG closely matches that of the PowerShares DB Energy Fund (DBE). As you can see below, the bearish crossover between the long-term moving averages signaled a significant move lower for those who utliize technical analysis. The bulls have been unable to reclaim the momentum since the retest of resistance in May, and the recent run back toward $12.40 has many technical traders eyeing another move lower. Traders will likely maintain a bearish outlook on energy until the price of the DBE ETF closes above the combined resistance of the descending trendline and the 200-day moving average. (For more, see: 3 Charts That Suggest Commodities Are Headed Lower.)

Gold

From the perspective of an active trader, the most bullish chart in the commodities markets at the moment belongs to gold and gold-related ETFs. Taking a look at the chart of the PowerShares DB Gold Fund (DGL), you can see that the price is trading within the confined range of a rectangle pattern. The defined levels of support and resistance create easy-to-identify levels for order placement. The break above the long-term averages and the subsequent run toward the upper trendline now suggests that the bulls are taking over. After a few more strong closes, it would not be surprising to see a significant move higher. (For further reading, check out: Active Traders Are Turning Bullish on These Commodities.)

 

Major resistance on broad commodities-related funds suggests remaining selective. We look at one commodity that could be worth buying. …read more

Read more here: 3 Charts for Navigating the Commodities Market

Category: GSG, DBE, DGL

The pay is too damn low: July Jobs Report Shows Growth, but Wages Stubbornly Stagnant

The July employment report was almost about as good as it gets. The U.S. economy generated 209,000 new jobs, well in excess of the anticipated 180,000. As expected, the unemployment rate fell to 4.3 percent, matching the May low for this cycle. Average hourly earnings have yet to accelerate, but the pace did increase modestly in the month, and the participation rate edged higher. If the Fed does, indeed, intend to shrink its balance sheet starting in September, there was likely nothing in this report that would dissuade it from doing so. And following the report, expectations for a December rate hike increased to 40 percent from the 37 percent the day prior.

The one missing ingredient at this level of unemployment remains the stubborn refusal of wages to increase in a meaningful way. The last time the unemployment rate was close to this low, in 2007, wages were growing between 3.0-3.5 percent on a twelve-month basis. It should be noted, however, that back then core inflation was running between 2.0-2.3 percent as measured by the Personal Consumption Expenditure (PCE) deflator, not the 1.5 percent pace of this past June.

We will see how consumer prices started out the third quarter on Friday with the July Consumer Price Index report. The twelve-month headline rate is expected to edge higher to 1.8 from 1.6 percent in June, while the core rate is expected to be unchanged at 1.7 percent.

As labor continues struggling to participate fully in this recovery, shareholders are the beneficiary. Profit margins remain high, and corporate earnings are exceeding expectations. Second quarter earnings season is now roughly 90 percent complete, and according to Factset, S&P 500 companies in the aggregate are reporting an increase in margins compared to last year.[i] And earnings are likely to grow by 10.1 percent when full second quarter results are in, well ahead of the expected 6.4 percent pace at quarter end. Only the consumer discretionary sector is expected to see a decline.

The third quarter looks less promising. Estimates have been lowered since the end of the second quarter, as expectations for the energy sector in particular have been reduced along with the price of oil. Earnings in the third quarter are now expected to grow by 5.6 percent, down from 7.1 percent on June 30. But it should be noted that third quarter estimates are now lower for all but technology and telecom, which is still expected to suffer a decline, just of somewhat lesser magnitude. Nevertheless, current estimates of 9.5 percent for the full year have remained relatively steady.

Despite the robust July jobs report, bond yields fell for the week. The ten-year note closed at 2.26 percent, down from 2.29 the prior week, although it did bounce off its lows following the jobs report on Friday. The two-year note rose just one basis point on the week to 1.36 percent. The dollar rebounded sharply after the jobs report as well, arresting for the time being its year-long decline. Stocks edged higher, with the S&P 500 adding just 0.2 percent to close just one point shy of the record set the week before. The Dow Jones Industrial Average did manage to set another new record high at week’s end, its eighth consecutive record close.

Congress is in recess until after Labor Day, and with earnings season winding down, equity investors will be grasping about for something to fill the void as we get into the historically-weak months of August and September.

 

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The Spend-Free Weekend Challenge

 

Meet Jonesy and Brittany, a young Californian couple. This adventure-seeking twosome is planning to embark on the ultimate trip — a two-month backpacking sojourn through South America — next year, but there’s one significant hitch. Thanks to their penchant for pricey weekend getaways, they can’t seem to save up the $8,000 they estimate they’ll need to make their dream vacation a reality.

That is, until The Savings Experiment team proposes a potential fix: spend-free weekends. Can Jonesy and Brittany enjoy time off without paying a single dollar? Check out the video above to find out!

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Read more here: The Spend-Free Weekend Challenge — Savings Experiment

Category: savings experiment, spend-free weekend, weekend getaways

Adobe Systems Well Positioned For All-time Highs (ADBE, AAPL)

Adobe Systems may offer a buying opportunity in the upper 80s, ahead of a strong rally into triple digits.

Adobe Systems Inc. (ADBE) has provided quiet Nasdaq-100 and big tech leadership for more than four years and is currently one of its hottest performers, trading near an all-time high. The stock transacts just 3.6-million shares per day on average, near the midpoint of index activity, while a $47-billion market capitalization takes the 26th spot among the 104 current components.

It’s now achieved the status of the must-own position in tech and growth portfolios, posting stronger gains than widely held Apple Inc. (AAPL) since 2011, rising more than 400% compared to AAPL’s 207%. It’s also better positioned to resume its strong uptrend after a volatile first quarter dropped the iPhone maker into the midpoint of a massive 22-month trading range.

Is now a good time to buy ADBE, given its lofty position, or should market players wait for aselloff that offers a more advantageous reward: risk ratio? Fortunately, first quarter earnings won’t impact that decision because the company already reported on March 17, with the next confessional scheduled for June. Given this beneficial timing, charting technicals should take precedence in determining the best time and price to add this winner to your portfolio.

The stock entered a powerful uptrend in 1998, rising from 2.95 (post three stock splits) to 43.65 in just two years. It topped out in November 2000 and joined the rest of the tech universe in a severe bear market, spiraling lower in three selling waves that relinquished more than 80% of the prior rally. It finally bottomed out in single digits in the summer of 2002.

The subsequent recovery reached to the prior high in 2006, but the rally momentum fizzled out, yielding sideways action into a minor 2007 breakout that added just 5 points. It turned lower in a failed breakout just one month later, entering a downtrend that coincided with the 2008 to 2009 bear market. The decline ended at a 5-year low near 16 in March 2009, giving wave to a renewed uptrend that remains in force, more than seven years later.

It took four years for the stock to reach horizontal resistance generated by the 2000 and 2007 highs. A 5-month basing pattern yielded a 2013 breakout that attracted widespread buying interest, lifting price into a series of all-time highs. The last rally wave peaked at 96 in December 2016, setting up major resistance in triple digits.

 

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Category: ADBE, AAPL

7 Spending Trends That Speak Volumes About U.S. Consumers

By Money Talks News
How we spend our hard-earned money can be quite revealing.

“To some extent, we are what we buy,” explains Money.

Some products experience surging sales after a strong marketing campaign, a dramatic shift in price or the endorsement of a popular celebrity – have you heard of the “Oprah Effect”? But often the rush to buy is the result of shifting U.S. demographics.

The seven hot-selling items in a list compiled by Money reflect the latter. Check out where U.S. consumer dollars are flowing and what that reveals about Americans today:

Legal weed: With more states legalizing marijuana for recreational or medicinal purposes, the cannabis industry has experienced explosive growth. Legal pot sales reached $5.4 billion in the United States in 2015, a 17.4 percent spike over 2014. Pot sales are expected to hit $6.7 billion this year – in turn generating healthy tax revenues in states that allow it.

Canadian goods: When the value of the U.S. dollar rises compared with the Canadian currency as it has recently (the current rate is US$1 = C$1.32) many Americans flock across the northern border to shop. Money said the number of U.S. visitors to Canada shot up by 1.6 million during the first 11 months of 2015, and that number is expected to keep climbing this year.

Guns: Anxiety caused by mass shootings and fears that they will lead to more restrictive gun laws have sparked record-breaking gun sales in the United States in recent years. Check out “Gun-Buying Rush Swamps FBI Background Checkers.”

Anything that can be bought on a phone (or tablet): Mobile shopping and spending soared 60 percent from 2014 to 2015. With retailers shifting more of their focus to mobile consumers, it’s likely that number will only continue to increase in 2016.

Streaming service subscription: Regardless of whether they stream video or music, streaming service subscriptions are on the rise. Netflix, Hulu, Spotify and Amazon Prime, just to name a few, are continually increasing their customer base.

Bowls: That’s right. “Bowls are the new plates,” the The Wall Street Journal recently announced, noting that moving from plates to bowls signals a shift to a more casual lifestyle. Money noted that many health-conscious trendsetters are trading in their plates for bowls while restaurants are also moving towards bowl-friendly entrees. Money said bowl sales from dish companies like Fiesta increased by 17 percent last year.

Adult diapers: With Americans living longer these days and many seniors struggling with incontinence problems, it’s really no surprise that adult diapers are flying off the shelves. Money said adult diaper sales are expected to grow by 48 percent globally by 2020. Compare that with baby diaper sales, which are expected to experience a much more modest growth of 2.6 percent in the next four years.

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