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 […]
US Economy Expanding at 4% Growth Rate $DIA, $SPY, $QQQ, $RUTX, $VXX Monday the latest data showed that the US economy is expanding at a 4% annualized rate in Q-3, that according to the Atlanta Federal Reserve’s GDPNow forecast model following the release of the latest data on retail sales. The GDPNow model estimate for real […]
US Retailers See Big Jump in Holiday Sales $DIA, $SPY, $QQQ, $RUTX, $VXX US holiday sales in Y 2018 will increase 4.3 to 4.8% boosted by a strong economy, but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group. […]
US Home Mortgage Rates at Highest Mark in 7 Years+ Home borrowing costs will continue rising throughout the year in this strong economy Home mortgage rates in the US rose for a 5th week running, marking levels not seen in more than 7 years and are expected to continue to rise into Y 2019. The […]
The Trump Effect: US economy Poised for Strong Growth in Q-3 US economy is expanding at a 4.4% annualized rate in Q-3, the Atlanta Fed’s GDPNow forecast model showed Friday despite retail sales recording their smallest gainer in 6 months in August. Consumers cut back on purchases of motor vehicles and clothing, but upward revisions to […]
New Homes Sales Slow for the 4th Month Running Sales of new US single-family homes fell in July to a 9-month low in a sign the housing market was cooling and could give less support to the overall economy. The Commerce Department said on Thursday new home sales decreased 1.7%to a seasonally adjusted annual rate of […]
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 $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 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? $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 $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 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 $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% […]
US Retail Sales Strong in 2018 $M, $WMT, $COST, $USO NRF Lifts 2018 Retail Sales Forecast on Strong Job Market, Tax Reform The National Retail Federation on Monday raised its US retail sales forecast for Y 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending. The […]
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 $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, […]
US Housing Market Lagged in June $DIA, $SPY, $QQQ, $RUTX, $VXX US home sales fell in June, posting their 3rd straight monthly decliner as a shortage of properties on the market drove house prices to a record high. The report from the National Association of Realtors added to last week’s soft home-building data in suggesting that the […]
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” $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 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 […]
The Trump Effect at Work: US Household Wealth Tops $100-T $DIA, $SPY, $QQQ, $RUTX US household wealth topped the $100-T mark for the 1st time in Q-1 of Y 2018, the Fed reported late Thursday. The Fed said the net worth of the nation’s households and nonprofits rose to $100.8-R in the 1st frame of the year, […]
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 $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’ $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 $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 […]
US New Home Sales Up 4%, West Marks 11-Year Highs Sales of new US single-family homes increased in March as sales in the West rose to their highest marks in more than 11 years. The Commerce Department said on Tuesday new home sales increased 4.0% to a seasonally adjusted annual rate of 694,000 units last month. February’s […]
Expensive Home Prices and Sales Rise in the US A housing shortage, strong economy and demand have driven many homes in major US cities over $1-M, offsetting buyers’ concerns about the reduced benefits of owning a pricey property under President Donald Trump’s tax reform, the data show. Home sales at $750,000 and above have risen […]
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 $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 Pending Home Sales + 3.1% in February $DIA, $SPY, $QQQ, $VXX Americans are signing contracts to buy homes, and the pace is + 3.1%, rebounding from a drop in January. A continuing shortage of homes on the market continues to weigh on the housing market. The National Association of Realtors (NAR) said Wednesday that […]
Global Fine Art Sales Reached $63.7-B in 2017 The global art market bounced in Y 2017 after 2 years of declining sales, rising 12% to $63.7-B, as the super wealthy chased Tier 1 works by from some well-known artists. The recovery was led by Leonardo da Vinci’s “Salvator Mundi,” which hammered for $450-M last November, the […]
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 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’ 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 $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’ 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 $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 […]
The Trump Bull Market Rally ‘Rages’ $DIA, $SPY, $QQQ, $VXX Wall Street continued The Trump Rally Friday with record closing highs as Q-4 earnings season kicked off with solid results from banks and strong retail sales drove investor optimism about US economic growth. The S&P 500 is enjoying its best 10-day start to a year […]
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 $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 […]
New-Home Sales Spike 17.5% in Biggest Rise in 25 Years New US home sales saw their largest monthly increase in more than 25 years in November, with buyers in the fire-stricken West snatching up new houses at a rapid pace, according to government data released Friday. The increase pushed the volume of sales to a […]
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’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 $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 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 […]
US New-Home Sales Spikes 6.2% to 10 year Highs Americans bought new homes in October at the fastest pace in a decades, a 6.2% monthly increase that reflects both the underlying strength of the economy and a shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally […]
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 $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 $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 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 $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 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 $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 […]
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 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 $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 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 […]
Trump told the paper the issue was still on the table, and reiterated his view that dumping is “a very unfair situation.” But he said a final decision may have to wait until other stalled initiatives, including health-care reform and tax reform and even infrastructure, are completed. The comments sent other steel stocks into a […]
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 $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 […]
US Home Sales Fall, Prices Rise to Record Highs $DIA, $SPY, $QQQ, $VXX US home resales volumes fell more than expected in June as a dearth of properties pushed house prices to record highs. The National Association of Realtors said Monday existing home sales dropped 1.8% to a seasonally adjusted annual rate of 5.52-M units […]
Dubawi Mare Booked to Honorius Isabel Street has been booked to Knightsbridge Bloodstock‘s Stallion Honorius. “ISABEL STREET” IS A WINNING MARE BY ONE OF THE TOP STALLIONS IN THE WORLD “DUBAWI” HIS 2017 SERVICE FEE HAS BEEN SET AT $250,000.00 POUNDS, WHICH CONVERTS TO APPROXIMATELY $415,000.00 AUSSIE DOLLARS The fastest ever to sire 50 Group […]
Incorrect stock data on the popular Google Finance, Yahoo Finance and Bloomberg sites appeared to be freaking out some investors Monday evening, after test data was apparently misinterpreted by third-party providers to those sites. As part of its normal process, the UTP distributed test data and certain third parties improperly propagated the data. Nasdaq is working […]
New Money Honey takes the G1 Belmont Oaks Invitational New Money Honey provided trainer Chad Brown with a G1 trifecta when she held off the challenge of stablemate Sistercharlie to win the G1 Belmont Oaks Invitational July 8. It was the second G1 victory for the three-year-old daughter of Medaglia d’Oro, who captured the G1 […]
Tesla (NASDAQ:TSLA) Sales Decline, Production “Snafus” Persist $TSLA Tesla (NASDAQ:TSLA) deliveries flat on continuing production Snafus. Hypemister Elon Musk’s targets will not happen on time, what’s new? The “rentier’” EV maker has reported Q-by-Q shipment declines for the 2nd time in the past year. This may signal that demand has peaked, casting doubt on whether […]
US Automakers Outsell June Estimates, End Anemic 1-H $F, $GM, $FCAU, $TM, $HMC, $VLKAY Demand for light trucks gave FoMoCo (NYSE:F). and top Japanese automakers better sales than analysts had estimated for June following a 5-month streak of industry declines. Toyota Motor Corp.’s (NYSE:TM) deliveries rose 2.1% June, while Honda Motor Co (NYSE:HMC) sales rose […]
US Mint Sales of American Eagle Gold Coins Totaled 6,000 oz in June $GLD, $SLV, $CU US Mint American Eagle Gold coin sales in 1-H of Y 2017 were the lowest for this frame in 10 years, the sales of Silver in the frame were the weakest since Y 2008, government data showed Friday. US […]
Traders Believe that the US Economy is not as Strong as Fed Thinks $DIA, $SPY, $QQQ, $VXX The head of NYSE floor operations for UBS, Art Cashin, said he doubts the Fed will be able to raise interest rates again this year because of underlying weakness in the US economy. “The Fed is going to […]
US Retail Sales Miss, Fall 0.3% in Biggest Decline in 16 Months US retail sales marked their biggest decline in more than a year in May amid declining purchases of motor vehicles and discretionary spending, which could temper expectations for a sharp acceleration in economic growth in the 2nd Quarter. The US Commerce Department said […]
Keeneland sales are represented by 22 graduates entered in the six graded stakes to be held Thursday and Friday at Belmont Park in celebration of Saturday’s final leg of the 2017 Triple Crown, the Belmont (G1). September Yearling Sale graduate Fair Point, winner of the 2016 Senator Ken Maddy (G3), is assigned high weight of […]
Keeneland Dominates Belmont Stakes Keeneland sales are represented by 22 graduates entered in the six graded stakes to be held Thursday and Friday at Belmont Park in celebration of Saturday’s final leg of the 2017 Triple Crown, the Belmont (G1). September Yearling Sale graduate Fair Point, winner of the 2016 Senator Ken Maddy (G3), is […]
Hong Kong’s George Moore Spends Big at Magic Millions in Australia A More Than Ready colt closely related to recent Group One winning juvenile The Mission topped Day One of the Magic Millions Gold Coast National Yearling Sale today. Presented as Lot 1927 by Scone’s Attunga Stud, the good looking brown colt was purchased by […]
US Pending Home Sales Fell for 2nd Month Running $DIA, $SPY, $QQQ, $VXX Contracts to buy previously owned US homes fell for a 2nd month running in April one a supply squeeze, but the housing market recovery remains supported by a strong labor market. The National Association of Realtors(NAR) said Wednesday its Pending Home Sales […]
Our Elegant First Lady, Melania Trump, Driving Sales of Luxury Goods US First Lady Melania Trump has reopened style, elegance and luxury world over at the weekend G7 Summit of wealthy nations in Italy. There the First Lady was dressed in the most exclusive haute couture that come from the highest level of 1-off hand […]
US EPA Accused of Helping Monsanto (NYSE:MON) Cause Cancers in Consumers $MON, $SMG, $DOW 800+ people with cancer are suing Monsanto (NYSE:MON), the maker of Roundup, claiming the glyphosate-based herbicide made them sick, and the company did little to warn the consumers, despite full well knowing cancer risks existed. In Y 2015, glyphosate, the active […]
Ferrari (NYSE:RACE) Outperforming Tesla (NASDAQ:TSLA) $RACE, $TSLA, $F, $GM Ferrari (NYSE:RACE) has outperformed Tesla, the hyper growth company, since it went public in October 2015. Ferrari, celebrating it’s 70 anni this year, has returned 64% while Tesla has returned 46% during that time frame despite the fact Tesla’s revenue growth is expected to average 10X […]
Amazon (NASDAQ:AMZN) the e-Commerce Giant Marked Another Milestone $AMZN, $WMT, $TGT, $MSFT Amazon.com (NASDAQ:AMZN), the e-Commerce giant that is changing the retail marketplace has marked another milestone. Amazon stock hit 1,001.20 shortly after Tuesday’s opening bell, up about 40% from a year ago and more than 2X the 15% gainer of the S&P 500 Index […]
Ferrari (NYSE:RACE) Beats, Profits Up Sharply, Stock Spikes $RACE Thursday, Ferrari (NYSE:RACE), the iconic Italian maker of Supersports and racing cars, reported a 60% increase in Q-1 net profit (22% operating profit margin) on strong sales of some of its highest-powered and highest-priced models. Ferrari’s revenue and profit both beat all analyst expectations, and shares […]
US Auto Sales Healthy, but Slowing $DIA, $SPY, $QQQ, $VXX Ford (NYSE:F), Nissan, General Motors (NYSE:GM) and Toyota (NYSE:TM) all reported US sales declines in April,signs that demand for cars, trucks and SUVs is starting to slow after 7 straight years of growth. Ford’s sales fell 7.2%, dragged down by car sales that tumbled over […]
US Homebuilder Sentiment Slips, Overall Outlook Still Positive $DIA, $SPY, $QQQ, $VXX US homebuilders are a bit less optimistic about their sales prospects, as their overall outlook still remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped to 68 this month. That’s down 3 points from 71 in March, […]
America’s Gun Culture is Strong & Safe Under President Trump Fears of US government limits on guns led to a spike in demand under President Barack Hussein Obama and the prospect of a Hilary Clinton Presidency and manufacturers struggled to keep up with the consumer demands. Over the 10 year frame ending in Y 2015, […]
US Existing Home Sales Fall 3.7% From January High $DIA, $SPY, $QQQ, $VXX US home resales fell more than expected in February on a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors (NAR) said Wednesday existing home sales declined 3.7% to a […]
Global Art Auction Sales Fall, Private Treaty Transactions Flourish $BID The global art market contracted for the 2nd year running in Y 2016, falling to the lowest marks since the financial crisis as economic and political volatility weighed on auction sales. Sales of art and antiques dropped 11% to $56.6-B, according to a report released […]
Ivanka Trump’s Fashion Brand Is “Hot” Sales Sizzle $JWN, $AMZN, $M News about Ivanka Trump’s label: who’s dropped it, who’s still selling it, who’s boycotting it has been in the Headlines during the 2 to 3 months. In early February, Nordstrom (NYSE:JWN) and Neiman Marcus dropped the line; about a week later, Kellyanne Conway, adviser […]
Tight Market Governing US Housing Recovery The US housing market, a Key economic driver, is very tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis. But persistent pent-up demand among would-be homeowners could cause builders to boost construction, helping to ease pressure on the market for new […]
US Home Prices Up in December, Fastest Pace in a Year US home prices rose in December, this as prospective buyers bid against each other for a limited supply of property. The Standard & Poor’s CoreLogic Case-Shiller 20-City home price index, released Tuesday, increased 5.6%, the most since January 2016. The price gainer reflects the […]
Ferrari NV (NYSE:RACE) Stock Hitting New Highs $RACE This year marks the iconic Italian supercar builders’s 70th anniversary, and I believe it will be another year of record unit sales and revenue. and due to the growth in the world markets particular China I expect the company to break its own unit sales forecast. This could drive […]
Abu Dhabi Rents to Dip in 2017 on New Supply Thousands of new apartments and potentially decreased housing allowances are expected to weigh on the market Average apartment and villa rents in Abu Dhabi are expected to weaken further this year after declining in Y 2016 due to new supply and uncertainty related to state […]
Horse Racing News: Woodpark Stud a Winner in Asia Jean Dubois will watch tonight’s fourth race at Happy Valley with interest, the Frenchman keen to see whether three-year-old Don’t Miss can make it two wins from as many starts in the 1200m Handicap. Dubois is the manager of Mittagong’s Woodpark Stud – a former cattle […]
US Pending Home Sale Up +1.6% in December $DIA, $SPY, $QQQ, $VXX More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership. The National Association of Realtors (NAR) said Monday that its seasonally adjusted […]
Rates Rise, US New-Home Sales Fall 10% to 10-Month Low $DIA, $SPY, $QQQ, $VXX Purchases of new US homes fell in December to a 10-month low, suggesting the post-Election rise in mortgage rates pushed out potential buyers. Single-family house sales dropped 10.4%, the most in nearly 2 years, to a 536,000 annualized pace, the US […]
Mammoth Shift in Retail Sales, e-Commerce Winning $DIA, $SPY, $QQQ, $VXX Holiday sales at Macy’s Inc. (NYSE:M), Sears Holdings Corp., and J.C. Penney Co.(NYSE:JCP) were anemic and US government data confirmed it Friday. The nation’s traditional department stores are steadily losing ground to their online rivals, a shift in the retail landscape that shows both […]
US Housing Outlook Brighter The Street Thought New US single-family home sales rose more than expected in November and consumer sentiment is near at 12-year highs, strengthening the view that the economy will gain more momentum in Y 2017. President Elect Donald Trump’s plan to cut taxes and increase infrastructure spending is expected to boost […]
Confident Consumers Do Not Always Spend More $DIA, $SPY, $QQQ, $VXX US Consumer confidence is on the rise, Friday the University of Michigan Indicator (MSI) marked a 12 year high. But, that does not mean that retailers should expect an overly merry holiday season, as far as actual retail sales and consumer-spending numbers are concerned. […]
Chicago Agriculture Commodities Finished Lower $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture grains futures finished lower Thursday with Soybean futures falling to a new one-month low as forecasts for rain in Argentina dampened concerns about dryness hurting production there. The most active Corn contract for March delivery stayed unchanged at 3.4725 bu. March […]
Celebrating Ferrari’s (NYSE:RACE:) Iconic Brand Heritage $RACE In celebration of the brand’s rich automobile heritage, Alfardan Sports Motors, the official dealer of Ferrari in Qatar organised an exclusive visit to Letbelah, the private museum of Omar Alfardan. The tour offered Qatar’s clienti, for the 1st time, a rendezvous with the classic models of The Scuderia’s […]
Beer Sales are Down in US States Where Recreational Marijuana is Legal $BUD, $TAP Year to date, beer volumes have fallen roughly 2% in Colorado, Oregon, and Washington, which have all legalized recreational marijuana, according to Neilsen data cited in a recent report from Cowen & Co. At the same time, marijuana consumption has grown […]
Chicago Agriculture Commodities Finished Lower $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture grains futures close lower Wednesday with Soybean futures falling for a 2nd session, running as investors squared positions and locked in profits from monthly gains. The most active Corn contract for March delivery fell 0.5 cents, or 0.14%, to 3.485 bu. […]
The Recovery in Home Prices Bolsters Americans’ Household Wealth US home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to the data The Standard & Poor’s CoreLogic Case-Shiller national home price index , released Tuesday, is just a bit above the peak it set in July 2006, […]
US Cyber Monday Sets Record With $3.45-B of Sales $SNE, $MSFT, $AAPL, $AMZN Shoppers spent $3.45-B on Cyber Monday on Samsung 4K TVs, PlayStation 4s and Barbie Dolls among other products, marking the largest online sales day in US history. The data compiled by Adobe Digital Insights, easily surpassed prior estimates, and dismissed fears that […]