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Cisco's Fiscal 1Q18 Earnings Beat Analyst Estimates

The US-based (SPY) tech (QQQ) heavyweight Cisco (CSCO) announced its fiscal 1Q18 results on November 15 and reported revenue of $12.1 billion.

WMT-stock-1
Walmart Stock Soared 10.9% on Stellar 3Q Results

Walmart (WMT) stock rose 10.9% to $99.62 after the company reported better-than-expected fiscal 3Q18 results on Thursday, November 16, 2017. Several analysts raised their price targets on the stock.

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Home Depot Raised 2017 Guidance after Strong 3Q17 Earnings

Home Depot (HD) posted adjusted EPS of $1.87 on revenues of $25.0 billion. Compared to 3Q16, the company’s EPS rose 16.9%, while revenues rose 8.1%.

ASian
Pre-Market Report: Global Markets Are Mixed on November 17

On November 17, the Shanghai Composite Index fell 0.48% and closed the day at 3,382.91. The SPDR S&P China (GXC) rose 1.8% on November 16.

RECENT RESEARCH

China PMI
China's PMI falls, but survey size was changed

China’s manufacturing activity is a key driver for shipping companies. The country’s trade volume drives the bulk of the global shipping industry that engages in the transportation of resources such…

Ratings ratio
Loan rally is threatened by increased pace of downgrades

The ratio of rating downgrades to upgrades for leveraged loans increased significantly through the second half of 2012. The leveraged loan market, which consists of corporate loans paying interest rates…

2013.02.04 - EIA Brent Estimate
EIA expects Brent crude to fall next year, but outlook still constructive

A US government agency called the Energy Information Administration (EIA) believes that for 2014 compared to 2013, Brent crude oil prices will fall while WTI prices will rise slightly.

2013.02.04 - Nat Gas Rig Count
Counterintuitive trend punishing natural gas companies

Baker Hughes, an oil services company, reported that rigs targeting natural gas fell from 434 to 428 for the week ending February 1. As seen in the chart below, last…

2013.02.04 - Change in Distributions
Distributions so far are strong signal for MLPs and earnings

MLP distributions announced so far in 2013 show positive growth.

2013.02.04 - US Nat Gas Inventories
Natural gas inventories fell less than expected, bearish indicator for nat gas stocks & ETFs

Smaller than expected reduction in natural gas inventories is bearish indicator for natural gas producers and certain energy ETFs.

2013.02.04 - Corp Bond Yields
Rising rates would be negative for energy companies with funding needs

Higher corporate credit yields means more expensive borrowing rates for companies, therefore higher yields are generally negative for companies, especially those with high funding needs.

2013.02.04 - WTI Prices
Crude oil prices continue advance, positive for energy stocks and ETFs

Crude oil prices are a major driver of the valuation of energy stocks and therefore energy ETFs as higher crude oil prices result in higher revenues and valuation for oil producers.

2013.02.04 - ND Crude Production
Bakken shale boom benefits midstream names in the area

The Bakken shale boom in North Dakota benefits certain midstream companies operating in the area.

Baltic Dry Index
Rental rates for dry bulk shipping continue to fall

Just like Wall Street traders often say price action is a key forward indicator to monitor, the Baltic Dry Index is an important leading indicator for the bulk shipping industry.…

Dry bulk capacity marches north in January 2013

In the shipping industry, excess capacity has a significant impact on the price of transporting goods. When capacity grows more than demand, prices generally fall as shipping companies try to…

HY Vol Feb 1
Record high yield issuance in January may be too much

The high yield market finish with record issuance in January 2013, though how much is too much? Abundant investor liquidity has continued to attract more issuers to the market. Issuers…

LL Flows Feb 1
Loan inflows continue fueling new loans, but prices will be capped

Leveraged loans inflows continued to be very strong for the 33rd consecutive week. The additional funds continue to add to the abundant liquidity in the sector. With the stock market…

LL Vol Feb 1
Loan issuance remains strong, but prices capped given repricings

January 2013 loan issuance was among the top months on record. Volume was fueled by repricings that are putting downward pressure on loan yields. Due to the repricings, loan prices are higher than…

HSBC's Vietnam PMI 2013-03-11
Vietnam’s manufacturing finally stabilizes but stagnates

As mentioned previously PMI, or Purchasing Managers Index, is a leading indicator of the health of a country’s manufacturing sector. A number above 50 indicates an expansion and a number…

Vietnam's Decreasing Orders and Buffers 2013-03-10
Vietnamese manufacturing ratios tell a different story than PMI

Purchasing Managers Index, or PMI, is more suited as an operations measure than as a financial measure for returns. This is because PMI is a weighted average of the following…

2013.01.24 - Baker Hughes Rigs
Why natural gas supply hasn’t fallen off with rig counts

Natural gas rigs have continued to drop, however, to date there has not been a meaningful reduction in supply leaving prices near historic lows.

Brasil Unemployment 12 vs 11
Brazil's unemployment hits low, but in line with previous year

While Brazil achieved a historically low unemployment rate in December 2012, the value is in line with December 2011.

Brasil Unemployment by Industry
Brazilian large caps may be better option than small caps

December data showed greatest increases in unemployment came from sectors in which Brazilian small cap ETFs are concentrated

Brasil Unemployment by Metro
Brazil poised for growth as unemployment drops in trade hubs

Most of the drop in Brazilian unemployment occurred in regions focused on industrial production and international trade.

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