Interest rates matter. A lot. Depending on their level, interest rates can stimulate or restrict economic growth. The level of interest rates is also crucial in the valuation of financial assets. Currently there is a lot of disagreement about where…
I just filled up my gas tank and it was over $5/gallon. This is just another example of sticky inflation: Inflation may not be going up as fast as it was a couple years ago but prices are still quite…
Cisco (CSCO) and Palo Alto Networks (PANW) both reported earnings after the close and got hit in the after hours for weak guidance. CSCO lowered full year revenue guidance from $57.0-$58.2 billion to $53.8-$55.0 billion – about a 5.6% decrease…
One of the things that I like to do to gain insight into the broader economy is to look at the results of economically sensitive companies. When consumers are flush, they spend more money on discretionary items like travel. So…
With the NASDAQ having lost ~30% of its value from its November 2021 peak I suspect that many investors think the bottom is near. However everything I’m seeing suggests to me that it’s not. Wednesday’s announcement from Salesforce (CRM) that…
Conagra Foods (CAG) – maker of frozen foods like Marie Calendar’s and Healthy Choice – is one of the most boring stocks in the market. But they just reported monster numbers for their quarter ended November 27, 2022. What does…
At the end of 2021 I said that inflation would be the theme of 2022. In 2023 everybody will be saying the R word: recession. While inflation has been mostly tamed by the Fed’s aggressive rate hiking, the market hasn’t…
I am by no means an expert on the Japanese economy but for a decade or so some big name investors – like Hayman Capital’s Kyle Bass who made his name forecasting the 2008 crash – have been awaiting a…
While the calendar slows down dramatically heading into the last two weeks of 2022 there are a few earnings reports worth paying attention to next week: Federal Express (FDX), Nike (NKE) and Micron (MU). Let’s start with FDX which reports…
Stocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…