Market Databank

      

 

Daily Reports @ WJR

For an explanation of "fair value" please click here

WJR July 2018 Reports

July 31, 2018 Overnight, the Bank of Japan decided that no major changes were necessary in their super-low-interest rate policy, as they continue to try to stoke some semblance of price inflation.  Tomorrow, we’ll find out what the chieftains of our Federal Reserve say.  There will be no presser after the decision is announced tomorrow, and the Fed usually moves rates only at meetings that include a post-announcement press conference.  Accordingly, the smart money says “no move tomorrow, but the September meeting looks like a lock for higher rates. The Bank of England will chime in on Thursday. A couple of big earnings announcements are having little impact on their respective stock prices pre-market.  Pfizer reported 81 cents per share in profit, seven cents better than expected.  They raised earnings but lowered the sales outlook.  Procter& Gamble’s 94 cents of profit was a 4 cent beat, but sales missed. Pfizer...
Continue reading

WJR June 2018 Reports

  June 29, 2018It’s the last trading day of the second calendar quarter of the year. While stock futures are indicating a strong start for stock prices, a lot of the gain in the large-cap indexes this morning come thanks to Nike’s earnings report from late yesterday.Nike checked in with a 69 cent per share profit, 5 cents better than expected. They also announced a 15 billion dollar share buyback program which they expected to complete by the end of next year. Nike shares are indicated more than 10 percent higher on the news. Novartis shares are also higher after announcing a stock buyback and a spin-off of their Alcon eyecare business. The famous other hand belongs to Constellation Brands. $2.20 of profit missed expectations by 24 cents and Constellation shares are looking almost 5 percent weaker.Yesterday’s GDP inflation number came in a little hot, at a 2.2 percent rise....
Continue reading

WJR May 2018 Reports

 May 31, 2018Big news from General Motors this morning. A GM investment of over a billion dollars and a 2¼ billion-dollar investment from Softbank Vision Fund will fund GM subsidiary GM Cruise Holdings as they plan to bring autonomous vehicles to market by 2019 – which is like, next year. Softbank gets ownership of just a little less than 20 percent of GM Cruise Holdings. General Motors shares are more than 10 percent higher pre-market.Just as the Italian political crisis seems to be easing, all eyes will be on the White House today for the likely imposition of steel and aluminum tariffs. The problem is that tariffs we impose will likely lead to complementary tariffs out of the European Union among others. Yes, it’s all part of a grand negotiation, but until the negotiations are settled, traders will remain unsettled.The famous other hand belongs to Dollar General. Shares are more...
Continue reading

WJR April 2018 Reports

    April 30, 2018 Three corporate mergers officially qualifies today as a “merger Monday.” In the timeshare industry, Marriott Vacations is buying ILG for 4.7 billion dollars. The big merger drama in telecom land may be over. T-Mobil has agreed to buy Sprint in a 26-billion-dollar deal. Sprint shares are down 12 percent on the news. Now the deal goes to the regulators and getting approval there is no slam dunk. In an even bigger deal at 35 billion dollars, Marathon Petroleum is buying refiner and pipeline operator Andeavor. The price there is a 24 percent premium to Andeavor’s closing price on Friday. The economic calendar is crowded today. At 8:30, March personal spending and income are expected to each be four-tenths of a percent higher. A slowdown in  Also at 8:30, the Fed’s favorite indication of inflation, the PCE deflator, is expected to be higher by only one-tenth of a percent. Anything much higher will bolster...
Continue reading

WJR March 2018 Reports

  March 29, 2018 The stock market vertigo continued yesterday, with the Dow trading in a roughly 400 point range before finishing pretty much unchanged. There’s some thought that today’s action will be a little more calm as a fair number of traders will play hooky this afternoon to stretch the upcoming three day weekend to three and a half days or more. There won’t be any trading in U.S. stocks and bonds tomorrow, and that means that the remainder of the week’s economic reports will get scrunched into today. In addition to the traditional Thursday jobless Claims Report, we’ll get the March Chicago Purchasing Managers Index, and a report on February Personal Income and Spending. Expect that income rose four-tenths of a percent and spending rose two-tenths. Perhaps more importantly, in this age of the Federal Reserve’s interest rate campaign, the PCE Deflator, which is the inflation index most closely watched by...
Continue reading

WJR February 2018 Reports

     February 23, 2018 It should be a relatively quiet day for economic news and earnings reports. But then, a lack of any significant news hasn’t prevented stocks from making significant moves this week. We will get speeches from four Federal Reserve Bank Presidents, but until Chairman Powell goes to Washington next week, those speeches may not make much matter. The text of Powell’s prepared remarks will be release later this morning. HP Enterprises earnings release last night does matter. The shares are about 13 percent higher this morning, as the company beat expectations for earnings, announced a dividend increase a share buyback program and raised full year guidance. Not to be outdone, shares of natural pet food maker Blue Buffalo are almost 17 percent higher. General Mills likes what it sees and will pay 40 dollars per share to acquire Blue Buffalo. That’s an 8 billion dollar deal. The yield on the 10-year Treasury has...
Continue reading

WJR January 2018 Reports

      January 31, 2018 - Ron is away today.  He'll be back soon.January 30, 2018 Yesterday, stocks took their worst downdraft since September.   That is until today of course. Rising interest rates appear to be giving traders an excuse to recognize some of the massive gains they’ve realized in the recent rally. Shares of Met Life are making for a sad Snoopy this morning. Late yesterday, Met Life said that their earnings report will be delayed. The words “weak internal control” were used, and you know that that’s not good. Traders are shooting first and aiming later, as Met Life shares are down about 6½ percent. Health care stocks are having a rough morning. JP Morgan, Berkshire Hathaway and Amazon are considering a not-for-profit company to lower health care costs for the average American. This could become a real game changer is a space that could use some game-changing. Pfizer reported profit of 62 cents,...
Continue reading

WJR December 2017 Reports

   Ron is taking a Holiday break.  He'll be back January 3rd.  Happy Holidays!  December 22, 2017 It should be a relatively quiet day of trade as a lot of folks may try to stretch their Holiday weekend by a half day or so. Nevertheless, some companies’ shares could see some interesting action. Trading in the shares of a small company called Agile Therapeutics were halted pre-market for news pending. The company develops contraceptive products. The news is now out, as the FDA has told the company that their contraceptive patch can’t be brought to market in its current form. Drug makers Merck and Pfizer received good news from the FDA regarding their new diabetes fighting drug. If you’re wondering how nutty all this bitcoin related stuff has gotten, look no further than a little beverage company called the Long Island Iced Tea company. We all understand what a Long Island Iced Tea is....
Continue reading

WJR November 2017 Reports

     November 30, 2017 It’s no secret that a lot of retailers have been having trouble adjusting business models to meet more innovative competition lately. One of those innovative competitors just keeps on growing. Costco reported overall sales up 13 percent on the month and same store sales up a rather amazing 7.9 percent. Costco shares are higher by more than 2 percent this morning. While another retailer’s shares are 30 percent higher in pre-market trade this morning, it’s for dramatically different reasons. Sears reported a loss of $5.19 per share as same store sales declined more than 15 percent. Sears and Kmart have managed to keep about 1,100 stores open, as opposed to 1,500 a year ago. But, believe it or not, Sears shares are about 30 percent higher at $5.45. Accompanying the report were comments about the willingness to “maximize value” of certain corporate assets. Sounds like the mother of all blue-light specials isn’t far away....
Continue reading

WJR October 2017 Reports

October 31, 2017 - Ron's away today.  He'll be back Wednesday.  Happy Halloween!October 30, 2017 The last hyper-busy week of third quarter earnings reports is here, and will include reports from Facebook, Apple and Tesla. We’ll also get a full load of economic surveys, October Car Sales, the monthly Jobs Report and a Federal Reserve Open Market committee meeting. Before all that unfolds, it looks like we have a full-on Merger Monday on our hands. Home builder Lennar is buying competitor CalAtlantic for what amounts to $51.34 per share in a 9 billion-dollar deal. CalAtlantic shares are higher by about 19 percent. Strayer Education and Capella Education are merging, and there’s a deal cooking in the energy space as well. Dynegy shareholders will get an 18 percent premium in the form of cash and stock of Vista Energy. That has Dynegy shares higher by about 12 percent this morning. European Bank HSBC reported a five-fold pre-tax...
Continue reading

Daily Reports @ WJR

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

Watch The Video

  • Starfire Investment Advisers on Analyzing The Risk Of Stocks After The 6.9% Drop

    Starfire Investment Advisers on Analyzing The Risk Of Stocks After The 6.9% Drop

Featured News

Financial Briefs

Contact Info

Starfire Investment Advisers, Inc.
3000 Town Center Suite 2235
Southfield, MI 48075-1191

Phone: 248-352-2211 x 223
Fax: 248-352-4535
Email: ronh@starfireinvest.com