Reflection of the week: when they shovel dirt on top of me, (hopefully not anytime soon), I want to go out as Mariano Rivera has left the game of baseball: much loved and at the top of my game. I’ve … Continued
Per ThomsonReuter’s “This Week in Earnings”, the forward 4-quarter estimate for the SP 500 rose $0.17 last week to $115.88 from the prior week’s $115.71. While that seems pretty insignificant in terms of the amount, what is interesting is that historically at this … Continued
Lost in the Fed and the taper news yesterday, was the Fedex Corporation (FDX) fiscal q1 ’14 earnings report which drove a 5% rally in the stock on heavy volume. FedEx Express which is FDX’s largest segment at 61% of … Continued
We will lead off with the 2nd chart first which is Intel (INTC), perfectly coiled to move higher off its converging 50 and 200 week moving averages as well as the trendline uptrend on the monthly chart. A trade above … Continued
Per ThomsonReuter’s This Week in Earnings, the “forward 4-quarter” earnings estimate for the SP 500 rose $0.02 this week to $115.71. The p.e ratio on the forward estimate rose to 14.6(x). With the SP 500’s 2% rally this week, the earnings … Continued