100,000 and 6.6 million. These two figures represent the lower bound of estimates for U.S. COVID-19 fatalities and number of first-time unemployment filers last week, respectively. Markets reacted sharply to the former with a steep decline on Wednesday after the announcement from the White House task force. As the Trump administration has modified their language […]
Category: Markets
Body Blows: Bears v. Bulls
With COVID continuing its relentless attack on peoples’ health and the market, now is an excellent time to heed the advice of the CDC and sequester yourself away. Maybe catch up on your streaming queue? One movie that I watched recently was Creed, a sort of modern re-imagining of Rocky. Like its spiritual predecessor, Creed […]
The Market Post-Iowa
The winner of the Iowa caucuses was certainly President Trump. Obtuseness aside, the out-of-the-gate stumble by the Democratic Party’s vote tally debacle and the lack of a clear front-runner have afforded the sitting president a favorable set of outcomes from his opponents’ first, and most-visible, contest. Despite the title of this post, the link between […]
Under the Weather
On Friday, US markets had their worst day since the summer of 2019. The S&P 500 Index fell 1.8% and the Dow fell 2.1% by the end of trading. The obvious cause is 2019-nCoV: the coronavirus that traces its roots to the city of Wuhan in China. Some market analysts are claiming that geography is […]
End of the Chinese Miracle
In global economics, the title of “Emerging economy” is sought after on both ends of the supply-demand spectrum. Developing nations crave the opportunities that come with injections of foreign investment and investors are often excited by the potential return. On the list of emerging markets, China has stood out as a superstar. In 1995, China’s […]
SNAP not looking so snappy
At the time of writing, Snap Inc is trading at 12.31 – down from 13.10 on Tuesday prior to their earnings call. Last year, I wrote a quick blurb on speculation surrounding a potential acquisition of Snapchat by Alphabet. In that post, I mentioned that Snapchat’s growing user base and technology would be the key […]
Game of Coins
Bitcoin.com source I’m not going to make a habit out of linking news.bitcoin.com but since The Daily Beast also ran a similar story at the beginning of the month I’m willing to lend them the benefit of the doubt on this one. When DISH Network started accepting Bitcoins as payment three years ago it was […]
Stock Report: FDX – FedEx Corporation
Key Stats for FedEx Corporation Ticker: FDX Latest Price: $207.76 Value: $55.733bn Daily Volume: $440M Links: SEC Filings, FedEx.com 1. Deliverables FedEx’s portfolio contains a myriad of business, e-commerce, and transportation services through subsidiaries under the FedEx brand. These companies boast a unique build: they compete collectively, operate independently, and are managed collaboratively. Each company […]
U.S. Consumer Confidence in Q2
I’m late to the ball game on this one but I’m seeing more news about the “consumer comeback” in Q2 and I had to put something up. A 2.6% GDP growth is great and if Bloomberg is to be believed then consumer spending was a significant contributor (1.9%) to that growth. No doubt there was […]
Stock Report: CPB – Campbell Soup Company
Key Stats for Campbell Soup Company Ticker: CPB Latest price: $53.60 Value: $16,315M Daily Volume: $85M Links: Yahoo Finance, SEC Edgar, campbellsoupcompany.com 1. What’s on the label? Campbell’s, certainly most widely known for its soup brand, is a fairly diversified food processing company, with three core businesses: 55% of CPB’s revenue stream is majorly comprised of […]