US New Home Sales +7% in June

US New Home Sales +7% in June

US new home sales rose in June, but remained below sales marked earlier this year, suggesting low mortgage rates and a healthy job market are not encouraging many more purchases. The Commerce Department said Wednesday that new home sales increased 7% to a seasonally adjusted annual rate of 646,000. That is up from 604,000 in […]

US Stock Market’s Direction is Based on Fed

US Stock Market’s Direction is Based on Fed

$SPY The US stock market finished lower last week on relatively low volume and volatility. Perhaps it was the pre-conceived negative earnings expectations due to reports released before the results season started that fueled the lackluster price action. Perhaps it was options expiration. Uncertainty over the size of the expected Fed rate cut at the […]

Stocks Finished Flat on Mixed Economic Data

Stocks Finished Flat on Mixed Economic Data

$DIA, $SPY, $QQQ, $RUTX, $VXX The gauge of equities finished flat to unchanged Tuesday, as US Treasury yields moved higher on a stronger-than-anticipated report on US retail sales raised the possibility the Fed might adopt a less Dovish stance. The S&P 500 lost 0.3% Tuesday, led lower by shares of energy and technology companies, while […]

Trade Worries Not a Drag on US Business Investment

Trade Worries Not a Drag on US Business Investment

$GS Goldman Sachs (NYSE:GS) economists are skeptical that trade policy uncertainty is a major drag on business investment now. Instead, they are pointing to other economic indicators, which they say are still okay. “The link between economic policy uncertainty and Capex weakens sharply when taking into account financial conditions and company investment spending expectations, which […]

Tesla’s (NASDAQ:TSLA) Stock at 3 Yr Lows

Tesla’s (NASDAQ:TSLA) Stock at 3 Yr Lows

$TSLA, FCAU, GM FLASH: Tesla’s (NASDAQ:TSLA) stock is at 3 year lows Bernstein analyst Max Warburton says that while there may be some tepid interest in Tesla’s assets, it’s unlikely a European carmaker would buy the company. “What assets are attractive? Tesla no longer has genuinely differentiated tech. The production plant is sub-par. The Gigafactory […]

US Home-buyers ‘Trading Up’ on Falling Mortgage Rates

US Home-buyers ‘Trading Up’ on Falling Mortgage Rates

FLASH: This year’s dive in mortgage rates is giving Americans an incentive to upgrade to pricier houses. One result of falling borrowing costs is that buyers are able to afford bigger mortgages. Those seeking pricier properties are acting now because their choices are increasing, and profits from selling their current home can fund the down […]

Box Office: ‘Detective Pikachu’ Uncovers $58-M’

Box Office: ‘Detective Pikachu’ Uncovers $58-M’

$DIS, $LGF, $TWX MGM’s ‘The Hustle’, pulled in $13.5-M, and eOne and STX’s ‘Poms’, disappointed with $5.1-M. Avengers: Endgame has retained its #1 spotat the domestic box office for a 3rd week running. Marvel’s Endgame earning $61.3-M in NA. The movie’s cumulative global box office is now $2.485-B, now 2nd to James Cameron’s all-time earner, […]

US Housing Demand Surprises Pessimistic Economists

US Housing Demand Surprises Pessimistic Economists

FLASH: More on The Trump Policies ‘working’; Contracts to buy previously owned homes rose to 8-month highs in March, the National Association of Realtors said Tuesday. The NAR’s pending home sales index increased to a reading of 105.8, +3.8% from the previous month and the highest since July. February’s index was unrevised at 101.9. Economists polled […]

US Existing Home Sales Fall More Than Expected in March

US Existing Home Sales Fall More Than Expected in March

Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the  National Association of Realtors (NAR) on Monday could temper expectations of […]

US Home-builder Sentiment Marks 6-Month High, Sales Up with Strong Economy

US Home-builder Sentiment Marks 6-Month High, Sales Up with Strong Economy

Sentiment among US home-builders climbed to a 6-month high in April, another indication that the housing market is gathering momentum during the Key Spring season. The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to 63, matching the median estimate in Bloomberg’s survey of economists, on improvements in present sales and buyer traffic, […]

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]

US New Home Sales Declined in January

US New Home Sales Declined in January

Sales of new US single-family homes fell in January, suggesting the housing market weakness persisted early in Q-1. The Commerce Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate of 607,000 units. December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled […]

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

Tuesday the Broad Market Extends the Gains Off Friday’s Recovery

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Small businesses see bright future ahead Most S&P 500 sectors finish with gains Softening Consumer Price Index for February reinforced notion Fed will be patient US Treasury yields even lower Optimism among small companies in the US improved in February, snapping a 5-month losing streak that was the longest […]

US Consumers Cautious, Retail Sale Up a Bit

US Consumers Cautious, Retail Sale Up a Bit

US retail sales ex-automobiles rose slightly in January after a sharp drop in December, reflecting cautious optimism taken by consumers after athe 35 day partial government shutdown. The Commerce Department said Monday that retail sales increased just 0.2%, after a sharp fall of 1.6% in December, the biggest US decliner in 9 years. The economy has […]

US Mortgage Rates Fall, Home Sales Rise

US Mortgage Rates Fall, Home Sales Rise

More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]

The Bulls Are In Charge of the US Stock Market

The Bulls Are In Charge of the US Stock Market

FLASH: This a Special Report, looking ahead at this leg of the longest Bull run in market history The US Stock Market: The Bulls Vs The Bears Russell 2000 +16.4% YTD NAS Comp +12.6% YTD DJIA +11.0% YTD S&P 500 +10.7% YTD US stocks rallied late last week into options expiration, even as some analysts felt like they should […]

Russia’s Alrosa Finds its Largest Diamond in 2 Years+

Russia’s Alrosa Finds its Largest Diamond in 2 Years+

The world’s Top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than 2 years. The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing […]

NRF Forecasts Solid Retail Sales Growth for 2019

NRF Forecasts Solid Retail Sales Growth for 2019

The National Retail Federation, the nation’s largest retail trade group, forecasts that retail sales should grow between 3.8 and 4.4% to more than $3.8-T this year as shoppers remain in the mood to spend in a strong US economy and job market. The forecast, released Tuesday, is in line with the 4.6% gain the group preliminarily estimated […]

Ferrari 2018 (NYSE:RACE) Core Q-3 Earnings Unchanged

Ferrari 2018 (NYSE:RACE) Core Q-3 Earnings Unchanged

$RACE Ferrari’s (NYSE:RACE) sales mix trended toward its “entry-level” Portofino Supercar in the Q-3 rather than its high-margin Limited-Edition models. The iconic Italian Supercar maker has had a run of record earnings, helped by its higher-margin Special Edition models and a “customisations programme’. Investors have been looking for reassurance that new CEO Louis Camilleri can […]

US Consumers Opened Their Wallets in November

US Consumers Opened Their Wallets in November

US consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. The upbeat data from the Commerce Department on Friday bolstered expectations that the Fed will raise interest rates at its 18-19 December policy meeting, despite moderating inflation […]

Tesla (NASDAQ:TSLA): China is Key to Its Future

Tesla (NASDAQ:TSLA): China is Key to Its Future

Tesla (NASDAQ:TSLA): China is Key to Its Future $TSLA, $GM, $F, $VLKAY, $HMC, $TM China is Key to Tesla’s future, and so it is not surprising that the US-China trade dispute is hitting the company hard. China is Tesla’s largest market outside the US, accounting for about 10% of total revenue in the 1st 3-Q’s […]

‘Black Friday’ Merging with ‘Cyber Monday’ for Record Sales

‘Black Friday’ Merging with ‘Cyber Monday’ for Record Sales

‘Black Friday’ Merging with ‘Cyber Monday’ for Record Sales The buying and selling pace that was set Thanksgiving Day carried over into Black Friday as consumers continued to open their wallets at a record-setting rate, according to the latest data. We learned that Friday evening that consumers had spent $4.1-B as of 8:00p ET, which […]

Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World

Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World

Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World $TSLA, $VLKAY, $GM, $F The world’s giant automakers are planning big pushes into EV production, and none bigger than Volkswagen (OTCMKT:VLKAY) is coming up to challenge fledgling Tesla in its tiny 1 plant niche market. Ok, Tesla has sold about 500,000 cars worldwide, which accounts […]

Michigan’s Goal: Build a Lucrative Marijuana Industry from the Ground Up

Michigan’s Goal: Build a Lucrative Marijuana Industry from the Ground Up

Michigan’s Goal: Build a Lucrative Marijuana Industry from the Ground Up Michigan’s is planning to build a lucrative cannabis industry from the ‘ground up’ with passage of a ballot initiative to legalize recreational marijuana on Tuesday. It could do so by serving as a model for the rest of the Midwest, and possibly beyond. Michigan […]

A Successful Regulated Market Growing Up Around Cannabis 

A Successful Regulated Market Growing Up Around Cannabis 

A Successful Regulated Market Growing Up Around Cannabis $AMZN, $TAP, $NKE, $TLRY, $CGC, $STZ Michigan’s vote Tuesday to become the 10th US state where the recreational use of cannabis is legal is adding more momentum to a trend that some investors say is inevitable: that marijuana will become legal nationwide within the next 5 years. […]

Tesla (NASDAQ:TSLA) There is No Clear Evidence that 2018 Production is ‘Sold Out”

Tesla (NASDAQ:TSLA) There is No Clear Evidence that 2018 Production is ‘Sold Out”

Tesla (NASDAQ:TSLA) There is No Clear Evidence that 2018 Production is ‘Sold Out” $TSLA There is no evidence that Y 2018 production has sold out. Norway registrations continue to deteriorate. LIBOR rates are rising again in Q-4. Tesla is a Trap! It has been almost weeks since Tesla (NASDAQ:TSLA) reported its Q-3 earnings, sending the […]

Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles

Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles

Ferrari (NYSE:RACE) New Car Sales + 11% in Q-3, Profit Doubles $RACE Ferrari’s (NYSE:RACE) sales mix favored the entry level Portofino convertible in Q-3 rather than its high-margin Limited-Edition models on availability, weighing a bit on the Italian company’s earnings. Investors are looking for reassurance that CEO Louis Camilleri can maintain Ferrari’s strong growth achieved […]

Tesla’s (NASDAQ:TSLA) Future Is Not Secure Yet

Tesla’s (NASDAQ:TSLA) Future Is Not Secure Yet

Tesla’s (NASDAQ:TSLA) Future Is Not Secure Yet $TSLA Following Tesla (NASDAQ:TSLA) and Elon Musk has been Wild, that will not change in the foreseeable future. Last week stronger-than-expected Q-3 results relieved some of the pressure on the company and its deposed Chairman, Elon Musk, after a turbulent several months. In early August Mr. Musk smothered […]

Canadian Cannabis Companies Report Record Sales Post-Legalization

Canadian Cannabis Companies Report Record Sales Post-Legalization

Canadian Cannabis Companies Report Record Sales Post-Legalization It has been a little more than a week since recreational cannabis sales were launched in Canada, and already the policy has become a big hit. Millions of dollars in cannabis sales have already been recorded, and in the province of British Columbia alone there have been more […]

US Homebuilder Sentiment Up On Solid Demand

US Homebuilder Sentiment Up On Solid Demand

US Homebuilder Sentiment Up On Solid Demand October’s pickup in sentiment across the 3 sub-indexes and all 4 regions indicates the market for newly-built homes Confidence among America’s homebuilders unexpectedly rose in October, registering the 1st gainer in 5 months amid falling lumber prices and solid demand, according to a report Tuesday from the National […]

Targets (NYSE:TGT) Q-2 Revenue, Profit Beat the Street Estimates

Targets (NYSE:TGT) Q-2 Revenue, Profit Beat the Street Estimates

Targets (NYSE:TGT) Q-2 Revenue, Profit Beat the Street Estimates $TGT Target Corp.’s Q-2 sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a 10 years, shares are trading nearly 5% higher as of this writing The Minneapolis-based retailer also raised its profit forecast […]

Gem Diamonds Continues to Dig Up Big Rocks in Africa

Gem Diamonds Continues to Dig Up Big Rocks in Africa

Gem Diamonds Continues to Dig Up Big Rocks in Africa $GMDMF Africa-focused Gem Diamonds (LON:GEMD, OTCMKT:GMDMF) must be getting used to recovering huge precious rocks from its flagship Letšeng mine in Lesotho, as it has just dug up another massive one. The 138-carat, Top white colour Type IIa diamond is 12th diamond over 100 carats the company finds this […]

Budcoin to Build Marijuana Transactional Portal

Budcoin to Build Marijuana Transactional Portal

Budcoin to Build Marijuana Transactional Portal The Budcoin Portal will deliver solutions for growers, retailers, brands and end users. Whether you are a major Agricultural operation or growing plants in your home Budcoin’s interface will help you produce quality plants, discover new technology and for businesses offer a fast and secure transactional platform for industry […]

Ferrari’s 275 P Works Racer, Is it the Most Historic? 

Ferrari’s 275 P Works Racer, Is it the Most Historic? 

Ferrari’s 275 P Works Racer, Is it the Most Historic? $RACE, $BID The Big Q: What is the most successful vintage Ferrari race car ever? The Big A: It is not the most sought after and revered 250 GTO, or the 330 P4, but according to RM Sotheby’s (NYSE:BID), Ferrari’s best classic racer is a 275 […]

Morning Briefing: Special Report on Strong US Retail

Morning Briefing: Special Report on Strong US Retail

Morning Briefing: Special Report on Strong US Retail $WMT, $COST, $AMZN, $LOW, $URBN, $DG, $HD, $DLTR, $JWN On the world markets: World stocks rose Friday as news of plans for US-China trade talks stoked positive sentiment over their tariff dust up, DJIA finished comfortably above Key resistance at 25,500  expect a pause to refresh and the […]

Marijuana Taxes in California a Major Disappointment

Marijuana Taxes in California a Major Disappointment

Marijuana Taxes in California a Major Disappointment California’s legal marijuana market is off to a slow start and off of the governments tax targets. Marijuana cultivation and excise tax collections hit $48-M in Q-2, state officials announced Wednesday. That is up from Q-1 but well below the windfall envisioned by the state. Finance officials had […]

Americans are Shopping, Retail Sales Up Sharply in July

Americans are Shopping, Retail Sales Up Sharply in July

Americans are Shopping, Retail Sales Up Sharply in July $M, $WMT, $COST, $AMZN Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive strong economic growth. The US Commerce Department says retail sales rose at a 0.5% annual rate in July, after a 0.2% […]

Major Luxury Auto Makers EVs Coming to ‘Kill’ Tesla (NASDAQ:TSLA)

Major Luxury Auto Makers EVs Coming to ‘Kill’ Tesla (NASDAQ:TSLA)

Major Luxury  Auto Makers EVs Coming to ‘Kill’ Tesla (NASDAQ:TSLA) $TSLA A wave of Tesla killers is about to roll off the production lines of premium European carmakers including Jaguar, Audi, Mercedes-Benz and BMW, starting now. Count it as another headache for Tesla (NASDAQ:TSLA) CEO Elon Musk, whose tweets about taking the company private are reportedly under […]

Elon Musk and Tesla (NASDAQ:TSLA) Have Made 100’s of Millions from California’s EV Mandate.

Elon Musk and Tesla (NASDAQ:TSLA) Have Made 100’s of Millions from California’s EV Mandate.

Elon Musk and Tesla (NASDAQ:TSLA) Have Made 100’s of Millions from California’s EV Mandate $TSLA The Trump Administration proposed rolling back Hussein Obama-era fuel economy standards, including withdrawing California’s authority to regulate carbon dioxide emissions from cars and mandate EVs The decision not only sets up the White House for another legal battle with California, […]

Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate”

Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate”

Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]

Supreme Court: “States Can Tax Amazon Marketplace”

Supreme Court: “States Can Tax Amazon Marketplace”

Supreme Court: “States Can Tax Amazon Marketplace” $AMZN Thursday, the US Supreme Court ruling will now allow states and local governments to pursue sales taxes on more online transactions. The Big Q: How can states collect it? Amazon.com (NASDAQ:AMZN) the world’s largest online retailer already takes in sales taxes in all states that charge them […]

US Economy Growing at 4.8% Annual Rate

US Economy Growing at 4.8% Annual Rate

US Economy Growing at 4.8% Annual Rate The US economy is growing at a 4.8% annualized rate in Q-2, the Atlanta Federal Reserve’s GDPNow forecast model showed Thursday, following data that showed domestic retail sales grew at its strongest pace in 6 months in May. The latest estimate on gross domestic product growth was faster […]

Ferrari’s (NYSE:RACE) Michigan Dealer Debuts Major Expansion

Ferrari’s (NYSE:RACE) Michigan Dealer Debuts Major Expansion

Ferrari’s (NYSE:RACE) Michigan Dealer Debuts Major Expansion $RACE Michigan’s only Ferrari dealership debuted  its $5-M expansion when it opened for business on Monday inside a 53,000sqf store in the Detroit suburbs. Cauley Ferrari, in West Bloomfield, put the finishing touches on a makeover to match the luxury sports cars it has been selling there since […]

Box Office: “Avengers: Infinity War” Continues to Dominate

Box Office: “Avengers: Infinity War” Continues to Dominate

Box Office: “Avengers: Infinity War” Continues to Dominate $DIS, $LGF, $VIA, $TWX Disney (NYSE:DIS) and Marvel’s Avengers: Infinity War continued to dominate the early Summer box office at the weekend, earning $112.5-M domestically from 4,474 theaters to score the 2nd-biggest 2nd frame outing ever as it topped the $1-B mark globally faster than any film in history. Overseas, […]

Ferrari (NYSE:RACE) is a High Performance ‘Machine’

Ferrari (NYSE:RACE) is a High Performance ‘Machine’

Ferrari (NYSE:RACE) is a High Performance ‘Machine’ $RACE Ferrari, the world’s Top automotive brand, is an iconic performance machine, and not just its Supercars. A look the financial performance shows exceptional performance, too. No car maker in the sluggish, low valation sector has data that apply to Ferrari. The Q-1 data showed strong earnings of […]

Ferrari (NYSE:RACE) Beats ‘The Street’, Stock Roars

Ferrari (NYSE:RACE) Beats ‘The Street’, Stock Roars

Ferrari (NYSE:RACE) Beats ‘The Street’, Stock Roars $RACE Ferrari (NYSE:RACE), the iconic Italian manufacturer of high performance cars reported above-consensus Q-1 earnings of 0.96/share on revenue of nearly $1-B, which increased 1.2% Y-Y. Vehicle shipments totaled 2,128 during Q-1, +6.2% Y-Y. Shipment growth was driven by sales of V12 models while sales of V8 models […]

President Trump’s Tax Cuts Seen Halting a 3-Month Retail Sales Slump

President Trump’s Tax Cuts Seen Halting a 3-Month Retail Sales Slump

President Trump’s Tax Cuts Seen Halting a 3-Month Retail Sales Slump $SPY For sure President Trump’s tax cuts have given a boost to Americans’ take-home pay this year. The Big Q: Will the US consumer putting the extra cash toward savings and debt, or using it to go shopping? The Big A: We here a […]

Look at the US Economic Reports Going into Earnings Season

Look at the US Economic Reports Going into Earnings Season

Look at the US Economic Reports Going into Earnings Season $DIA, $SPY, $QQQ Economic Growth and Investment The latest industrial production report was much better than expected and positive on multiple levels. Overall production was up 1.1% while the manufacturing component was up 1.2%. Probably more importantly, the improvement in manufacturing was centered on business […]

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up

US Retail Sales Slide for 3rd Month Running, Inflation Edges Up $DIA, $SPY, $QQQ, $VXX US retail sales fell for a 3rd straight month in February as households cut back on purchases of motor vehicles and other big-ticket items. Despite signs of cooling in consumer spending, inflation pressures are building, which may allow the Fed […]

LA: Legal Recreational Marijuana Sales Top Estimates

LA: Legal Recreational Marijuana Sales Top Estimates

LA: Legal Recreational Marijuana Sales Top Estimates Marijuana sales in Los Angeles are higher than estimated since marijuana became legal on 1 January according to reports “Originally the department was given a budget of $1.3-M, and to date we have collected over $2.2-M in licensing fees, and we have around about $800,000 in outstanding invoices, […]

US Homebuilders ‘Excited About Trump’s Pro-Business Political Climate’

US Homebuilders ‘Excited About Trump’s Pro-Business Political Climate’

US Homebuilders ‘Excited About Trump’s Pro-Business Political Climate’ The outlook from US builders is being buoyed by a very strong job market and the overall health of the economy. The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday remained at 72 this month. That’s still just 2 points shy of December’s reading, which was […]

This is Ferrari (NYSE:RACE) The Automotive Aristocrat

This is Ferrari (NYSE:RACE) The Automotive Aristocrat

This is Ferrari (NYSE:RACE) The Automotive Aristocrat $RACE The iconic Italian Supercar maker Ferrari (NYSE: RACE) on 1 February said that its adjusted earnings before interest, tax, depreciation, and amortization aka adjusted EBITDA, rose 18% in Y 2017, to EUR 1.04-B, on stronger sales of its most profitable vehicles, the V12’s, and Limited Editions.  That result was […]

Legalization of Marijuana, ‘The Great American Social Experiment’

Legalization of Marijuana, ‘The Great American Social Experiment’

Legalization of Marijuana, ‘The Great American Social Experiment’ The great social experiment that is marijuana legalization is now 5 years old, with 6 states already allowing legal marijuana sales, two more where legal sales will begin within months, and yet another that, along with the District of Columbia, has legalized personal possession and cultivation of […]

3 Classic Ferraris Top Sales at Scottsdale Auction

3 Classic Ferraris Top Sales at Scottsdale Auction

3 Classic Ferraris Top Sales at Scottsdale Auction $RACE Gooding & Company is acclaimed for selling some of the world’s most significant and valuable collector cars. At the weekend in Scottsdale, Arizona, it continued its tradition as a market leader by realizing $49,215,650 at the company’s 11th annual 2-day Scottsdale Auctions. President David Gooding and […]

1st Year California Recreational Marijuana Sales Estimated at $3.4-B

1st Year California Recreational Marijuana Sales Estimated at $3.4-B

1st Year California Recreational Marijuana Sales Estimated at $3.4-B Thursday’s California’s Department of Finance declared that it expects residents to buy nearly 1-M pounds of Marijuana over the 1st full budget year of it recreational legalization If the estimates for sales between 1 July 2018- 1 July 2019 are correct, it would amount to $3.4-B […]

US Pending Home Sales Higher, Housing Supply Short

US Pending Home Sales Higher, Housing Supply Short

US Pending Home Sales Higher, Housing Supply Short $DIA, $SPY, $QQQ, $VXX More people signed contracts in November to buy homes, with pending sales rose 0.2% as the US housing market copes with a dwindling supply of properties on the market. The National Association of Realtors said Wednesday that its index of pending home sales was 109.5 […]

US Homebuilder Sentiment Beats, Marks 18 yr Highs

US Homebuilder Sentiment Beats, Marks 18 yr Highs

US Homebuilder Sentiment Beats, Marks 18 yr Highs Confidence among US homebuilders rose in December to the highest mark since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand, according to data Monday from the National Association of Home Builders/Wells Fargo. Highlights of Homebuilder Sentiment (December) Housing market index rose to 74 from […]

California Clears the Way for Legal Recreational Marijuana Sales

California Clears the Way for Legal Recreational Marijuana Sales

California Clears the Way for Legal Recreational Marijuana Sales California’s big cities clear the way for legal Marijuana sales, California’s small Marijuana farmers worry about big grower competition Delaware police want Cannabis People’s guns. Marijuana Policy California NORML Recommends Priority Licensing for Small-Scale & Outdoors Cultivators. The marijuana activist group is calling on state regulators […]

Ferrari’s (NYSE:RACE) Luxury Supercar Demand Spikes

Ferrari’s (NYSE:RACE) Luxury Supercar Demand Spikes

Ferrari’s (NYSE:RACE) Luxury Supercar Demand Spikes $RACE Ferrari (NYSE:RACE) the Italian supercar maker plans to boost production by 2Xing assembly shifts to 2 a day in Y 2018 as deliveries are on pace to reach its 9,000-vehicle target a year earlier than schedule. The increase is part of CEO Sergio Marchionne’s, 65 anni, plan to […]

Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use

Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use

Oregon Initiative Would Legalize ‘Magic Mushrooms’ for Medical Use North American Marijuana Sales to Top $10-B This Year A proposed Oregon initiative would legalize Psilocybin, aka Magic Mushrooms, for medicinal use Michigan regulators release emergency medical marijuana rules Wisconsin takes another step toward drug testing welfare and job training participants Medical Marijuana Michigan Releases Medical Marijuana […]

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back $DIA, $SPY, $QQQ, $VXX Underlying US consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent dis-inflationary trend worrying the Fed probably had ended. The rise in the consumer price index, excluding the volatile food and […]

Ferrari (NYSE:RACE) Minting Money for Stakeholders

Ferrari (NYSE:RACE) Minting Money for Stakeholders

Ferrari (NYSE:RACE) Minting Money for Stakeholders $RACE Ever since its IPO spin off from giant automaker Fiat-Chrysler (NYSE:FCAU) in October 2015, Ferrari (NYSE:RACE) has printed money for its stakeholders. The company set sales records in Y 2016 and continues to exceed expectations. According to the data Ferrari’s Q-3 earnings for Y 2017 are up 13% to $310-M. […]

Tesla (NASDAQ:TSLA) Tax Credit Axed in GOP Tax Bill, Stock Crashes

Tesla (NASDAQ:TSLA) Tax Credit Axed in GOP Tax Bill, Stock Crashes

Tesla (NASDAQ:TSLA) Tax Credit Axed in GOP Tax Bill, Stock Crashes $TSLA Thursday, Tesla Inc. (NASDAQ:TSLA), and other carmakers pushing to boost US EV (electric car) sales were dealt a sever blow by US House Republicans who proposed eliminating a $7,500 per vehicle tax credit that has helped drive current  demand for the micro segment […]

US Homebuilder Sentiment (NHAB) Rises, as Sales Slow

US Homebuilder Sentiment (NHAB) Rises, as Sales Slow

US Homebuilder Sentiment (NHAB) Rises, as Sales Slow US homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose 4 points […]

NFL Ticket Sales Diving on Player’s “taking a knee” Protest

NFL Ticket Sales Diving on Player’s “taking a knee” Protest

NFL Ticket Sales Diving on Player’s “taking a knee” Protest $MCD, $PEP, $V, $BUD, $MSFT NFL ticket sales are falling at this weekend, as controversy over football players kneeling during the national anthem continues, according to 2 of the country’s largest ticket marketplaces. Sales at TicketCity have plunged by 31%,while TickPick noted sales are down […]

Steelers Villanueva, the Lone Anthem Stander, Jersey Sales Soar

Steelers Villanueva, the Lone Anthem Stander, Jersey Sales Soar

Steelers Villanueva, the Lone Anthem Stander, Jersey Sales Soar Alejandro Villanueva’s #78 Pittsburgh Steelers jersey sales have risen to the Top in the last 24 hrs since he became the only Steelers player to stand for the national anthem before Sunday’s game Vs the Chicago Bears. The Steelers made a team decision to remain in the […]

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening $GLD, $SLV Gold fell Friday after a European Central Bank official called for scaling back the bank’s stimulus program, although losses were capped when weaker than expected US economic data raised some questions about further rate hikes. ECB board member Sabine Lautenschlaeger made the most explicit […]

Dubawi Builds his Legacy

Dubawi Builds his Legacy

Record-breaking Champion and four-time G1 winner Postponed will join his outstanding sire Dubawi at Dalham Hall Stud next season. Rated 130 when crowned Timeform’s Champion older horse in 2016, he will stand for £20,000 Oct 1st special live foal. An outstanding middle-distance performer for his owner Sheikh Mohammed Obaid, Postponed earned his highest rating when […]

Keeneland September Sale Will Set Records

Keeneland September Sale Will Set Records

Keeneland September Sale Will Set Records The thoroughbred breeding industry around the world is booming and Keeneland will set brand new records this year. If you are intereseted in investing in the Thoroughbred industry now is the time, Contact us or complete the form at the bottom of this article. Keeneland announced the expansion of […]

Ferrari (NYSE:RACE) Beats, Finishes at All-time Highs

Ferrari (NYSE:RACE) Beats, Finishes at All-time Highs

Ferrari (NYSE:RACE) Beats, Finishes at All-time Highs $RACE On 11 July 2017 I wrote that Ferrari (NYSE:RACE) is the New Aristocrat stock and a core position for managed money and savvy investors, today’s earnings and guidance proves that point. Ferrari profit rose 29% in Q-2 to about $300-M, and margins rose on it V12 vehicle sales […]

What California’s Real Estate Slowdown Means For Home Prices

What California’s Real Estate Slowdown Means For Home Prices

What California’s Real Estate Slowdown Means For Home Prices 6 months of slipping sales suggest a economic slowdown in California, what does that mean for home prices? Home sales are down in California for the for the 6th month running, suggesting an impending slowdown even as prices have set new records. Despite strong closed escrow […]

US New Home Sales Rise in June, Prices Fall

US New Home Sales Rise in June, Prices Fall

US New Home Sales Rise in June, Prices Fall $DIA, $SPY, $QQQ, $VXX Sales of new homes rose slightly in June, hitting their highest level in 3 months, as demand for housing remained stiff, according to government data released Wednesday. But prices retreated from an all-time high and supplies rose, suggesting new construction could be […]

SEC Set to Crackdown on Digital Currency Operators

SEC Set to Crackdown on Digital Currency Operators

SEC Set to Crackdown on Digital Currency Operators $ETHUSD, $BTCUSD Tuesday, Wall Street’s main regulator said that ICO’s (initial coin offerings), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. ICOs have become a bonanza for digital currency entrepreneurs, allowing them to raise millions […]

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