Filed under: Forecasts, Oil, DJIA

The aforementioned contradiction between oil’s price and the slowing U.S. economy is apparently being resolved: The price of crude has dropped, and in a big way — down about in the past two weeks to .11 per barrel on Thursday at mid-day.

Crude’s most recent push lower was propelled by yet another, disappointing U.S. initial jobless claims report, in which claims rose by 12,000 to 500,000 — the highest level since November 2009; and by the latest Philadelphia Fed Survey data, which indicated that its regional economy is contracting.

Continue reading The U.S. Recovery Slows, and Oil Drops to

The U.S. Recovery Slows, and Oil Drops to originally appeared on BloggingStocks on Thu, 19 Aug 2010 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















United States – Jobless claims – BloggingStocks – Dow Jones Industrial Average – Economy of the United States
BloggingStocks

Filed under: Before the Bell, Economic Data

Gross domestic product growth slowed to a 2.4% pace, the slowest in nearly a year, the Commerce Department announced Friday. The reading of this measure of economic activity is too weak to push down unemployment. The quarter saw consumers spend less and retailers limit stock, this combined with the fact that the trade deficit had a larger impact on the economy and we have the formula for some rather unpleasant economic news.

Combine this report with the one indicating that the recession was worse than originally thought and our rosy picture of the economy takes a noticeably gray tint.

Continue reading Second-Quarter GDP Suggests Recovery Is Losing Steam

Second-Quarter GDP Suggests Recovery Is Losing Steam originally appeared on BloggingStocks on Fri, 30 Jul 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Economic – Gross domestic product – Recession – United States Department of Commerce – Balance of trade
BloggingStocks

Filed under: Stocks to Buy

As expected, the shares of Precision Castparts Corp (PCP), which I first discussed on April 20, 2009 at a price of .92, corrected earlier this year, in the spring, after rushing through 6, hence if you took some profits off the table at that juncture, it was prudent.

But now the correction appears to be over, and PCP, after a test of 0 has moved back above the key, 50-day moving average — a bullish sign.

Precision’s fiscal 2011 revenue should increase more than 10%, with another healthy gain likely in fiscal 2012.

Continue reading Precision Castparts: Ride the Commercial Aviation Recovery

Precision Castparts: Ride the Commercial Aviation Recovery originally appeared on BloggingStocks on Fri, 30 Jul 2010 15:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Precision Castparts – BloggingStocks – Moving average – Aviation – Business
BloggingStocks

Filed under: Apple Inc (AAPL), Intel (INTC), Ford Motor (F), International Business Machines (IBM), Comfort Zone Investing

There is some solid evidence building that a recovery is beginning. The broader data points like unemployment, housing starts, and consumer spending aren’t showing them yet. The reason for hope of a real recovery lies more in sectors that are often precursors to economic growth.

The first industry showing real strength is technology. Apple (AAPL) reported great numbers (.51 vs. .01 last year in the third quarter — fiscal year ends in September). Revenues were .7 billion vs. .73 billion last year. Management is forecasting .44 per share for the fourth quarter and billion in sales. iPods and iPads were very popular the last three months. Another tech giant that wowed investors: Intel (INTC). It set a new record for quarterly earnings. IBM (IBM) showed advances in sales and profits, though a little less than hoped. Semiconductor companies, beside Intel, can’t make their integrated circuits fast enough as demand for mobile devices such as cellphones continue to grow. Clearly, the tech sector is enjoying boom times.

Continue reading Comfort Zone Investing: Undercurrents of a Recovery

Comfort Zone Investing: Undercurrents of a Recovery originally appeared on BloggingStocks on Sat, 24 Jul 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















IBM – Apple – Intel Corporation – BloggingStocks – Technology
BloggingStocks

Filed under: Columns, NIKE, Inc’B’ (NKE), Under Armour’A’ (UA), Business of Sports

Football season is right around the corner and you can expect athletic apparel stocks to benefit — the question is, who will lead the way? Most people will assume Nike (NKE) — a safe assumption given the company’s wide spectrum of offerings, ranging from apparel to shoes. That said, I don’t think that we can overlook NKE’s competitor Under Armour (UA). For those not familiar with the company, UA makes performance athletic wear, ranging from underwear to camouflage hunting wear. A majority of UA’s clothing offerings are made of the company’s moisture-wicking and heat-dispersing fabrics, which help keep athletes dry during workouts and competition. The company’s products are available on the Internet, through catalogs, and at more than 20,000 stores nationwide. Not only is UA a major competitor to NKE, but it is also the world’s leading compression sports apparel brand – holding almost 80% of market share.

Continue reading JockStocks: Is Under Armour on the Road to Recovery?

JockStocks: Is Under Armour on the Road to Recovery? originally appeared on BloggingStocks on Fri, 23 Jul 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Under Armour – Sport – Clothing – Nike – BloggingStocks
BloggingStocks

Filed under: Forecasts, Federal Reserve

Austerity measures in Europe, and concerns that U.S. job growth will be inadequate (below 150,000 new jobs per month) in the third and fourth quarters, has understandably increased concern about a slowing U.S. economic recovery.

But are the stars starting to line-up for something worse than that, from a macroeconomic standpoint, such as a double-dip recession? Perhaps not. Here’s why: historically, an inverted yield curve precedes a double-dip recession. So far, the yield curve is not close to inversion.

Continue reading Call it a Milder U.S. Recovery, but Not a Double-Dip (So Far)

Call it a Milder U.S. Recovery, but Not a Double-Dip (So Far) originally appeared on BloggingStocks on Mon, 19 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Federal Reserve System – United States – BloggingStocks – Recession shapes – Yield curve
BloggingStocks

Filed under: Intel (INTC), Stocks to Buy

Intel Corporation (INTC), first discussed here on March 30, 2009 at a price of .72, posted second quarter earnings of 51 cents per share, well above the First Call estimate of 43 cents — a performance that provides additional evidence that consumer/corporate tech spending continues to increase. And I obviously still like the shares here.

Intel also said it sees third quarter revenue of .2 billion to billion — well above the First Call estimate of .9 billion.

The above means Intel should post a 25-30% revenue gain in 2010, driven by
by inventory rebuilding, stronger orders for current/future microprocessors, and market share gains.

Continue reading Is Intel’s Strong Q2 Signaling Something About the Economic Recovery?

Is Intel’s Strong Q2 Signaling Something About the Economic Recovery? originally appeared on BloggingStocks on Thu, 15 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Intel Corporation – Microprocessor – BloggingStocks – Intel – Product Support
BloggingStocks

About three stocks rose for every two that fell on Europe’s benchmark Stoxx Europe 600. Banco Santander SA, Spain’s largest lender, rallied 3.5 percent in Madrid while smaller rival Banco Bilbao Vizcaya Argentaria SA climbed 5.6 percent.
Spain’s IBEX 35 Index and Portugal’s PSI-20 increased at least 2.2 percent, the most among western European benchmark [...]
Live Stock Trading News | Equities, Forex, Gold, Silver and Oil Trading » News & Events