Market Databank

      

 

Daily Reports @ WJR

For an explanation of "fair value" please click here

WJR November 2016 Reports

November 30, 2016 Welcome to the last trading day of November, and it may be a pretty good one for you is your portfolio is dripping with oil related stocks. Optimism about a production limiting agreement among OPEC members has the price of oil up almost 7 percent and the price of most oil-related stocks higher pre-market.  By the way, for November so far, the Dow Industrials are more than 5 percent higher, the S&P 500 is up almost 4 percent, and the small-cap Russell 2000 is up over 11 percent. Also focused on a higher price are shares of GoPro. Now, understand that the price of Go Pro shares has been nearly cut in half this year. But this morning, they’re looking about 4 percent higher on word that about 15 percent of GoPro workers will be wearing their cameras on the Unemployment Line soon. We’ll get the Fed’s Beige Book survey...
Continue reading

WJR October 2016 Reports

  October 31, 2016 As we mentioned last Friday, we’re in a five or six day stretch of trading days that is historically the best stretch of the year for stock prices. Although the futures are pointing us higher this morning, things could get very bumpy due to the new FBI email investigation. It’s apparent that we have a stock market that has become convinced, if not comfortable of an upcoming Clinton victory, and we all know how the stock markets hates uncertainty and surprises. This isn’t a big surprise, but Level 3 Communications shares are more than 8 percent higher pre-market after confirming that Century Link will buy the company for what equates to about 66 dollars per share. That’s a 23 percent premium to what Level 3 shares went for less than a week ago. In another deal widely rumored last week, General Electric will merge its oil and gas operations with Baker Hughes....
Continue reading

WJR September 2016 Reports

September 30, 2016 Rule number one – if you drive costs lower, you’re likely to drive profits higher. That’s the case with Costco this morning. $1.77 per share of profit beat estimates by four cents. Although personnel costs were higher due to pay raises to their workers, the switch from American Express credit cards to VISA cards lowered costs enough to give rise to the earnings surprise. Costco shares, which have not had a banner year, are about 2 percent higher pre-market. The Deutsche Bank turmoil continues to upset traders around the world. Many remember the failure of Lehman Brothers as the tipping point of the 2008 bear market. However, while history may be rhyming here – it’s not likely to be repeating. There are huge differences in the two situations. Personal Income and Spending numbers are on the way this morning as well as the University of Michigan’s final verdict on the September mood of the...
Continue reading

WJR August 2016 Reports

August 31, 2016 As we slide into the last few days before Labor Day, trading volume should continue to fade as many traders will give summer an extended goodbye from the beach rather than the office. However, for better or worse, and usually worse, nothing seems to keep Federal Reserve Regional Presidents off the rubber chicken circuit. Neel Kashkari is giving a speech right now, while Charles Evans threatens to disrupt the status quo at 3:30 this afternoon. Two other Fed heads spoke in China last night. One suggested that low rates will be here for a long while. The other suggested it was time to hike rates. Go figure. Bob Evans reported better than expected results. Palo Alto Networks and H&R Block are both out with disappointing reports. The ADP Employment Report, a survey of their 400,000 business clients comes in 5 minutes and is expected to estimate that 175,000 new jobs were born in...
Continue reading

WJR July 2016 Reports

July 29, 2016 We know that the domestic economy grew at a paltry 1.1 percent in the first quarter of 2016. The Government’s first guess at the second quarter’s Gross Domestic Product comes at 8:30 this morning. Expect a bit of a pick-up to 2.6 percent. We’ll also hear from the University of Michigan and their final reading on July Consumer Sentiment, which is expected to tick higher to a reading of 90.6 from 89.5. The corporate earnings season is starting to thin out, but there are still a number of numbers to consider this morning. CBS and Newell Brands beat top and bottom line estimates. Drug-maker Merck’s 93 cents in profit was 2 cents ahead. Last night, Amazon and Alphabet trounced the estimated earnings numbers. Alphabet share are looking to open about 4 percent higher. The misses of the morning are insurer Cigna and oil company Exxon Mobil. Cigna checked in with $1.98 missing the $2.39...
Continue reading

WJR June 2016 Reports

  June 30, 2016  Welcome to the last trading day of the first half of 2016 and quite possibly the next day of the post-Brexit vote rally. Last month, the Chicago Purchasing Managers Index actually reflected economic contraction in the Midwest Region for the first month in three. At quarter to ten this morning, the June number is expected to climb back into expansionary territory – but just barely – at a reading of 50.5. Ahead of that we’ll get the weekly Unemployment Claims number, which is expected to tick up to 266,000. The monthly Employment Report from the Labor Department will NOT be available on the first Friday of the month (which is tomorrow) apparently because the Labor Department has granted themselves a long Holiday Weekend. Just kidding about that – kind of. Darden Restaurants beat estimates by a penny and is hiking its dividend by 12 percent. A lot of big banks...
Continue reading

WJR May 2016 Reports

  May 31, 2016 It’s the last trading day of what is likely to become the fourth consecutive month of gains for the Dow Jones Industrial Average and the third for the S&P 500 and the NASDAQ. But before we can put this month in the books, we have a gamut of economic data to run. At 8:30, April Personal Income is expected to have risen by four-tenths of a percent, with personal spending rising seven-tenths. At 9 o’clock, the Case-Shiller Home Price Index likely also rose by seven-tenths of a percent. At 9:45, look for the Chicago Purchasing Managers Index to rise to 50.7 and then at 10 o’clock, the University of Michigan’s final verdict on May Consumer Confidence could rise all the way to a reading of 97.  Medical equipment provider Medtronic beat the $1.26 earnings estimate by a penny per share this morning. You probably haven’t heard of a...
Continue reading

WJR April 2016 Reports

April 29, 2016 There was a time – in fact it was a LONG time – when it looked like Amazon was built as a company designed to never ever make a profit. Well, those days may be gone, friends. Last night, Amazon reported $1.07 per share of quarterly profit. That was nearly double the 58 cent estimate. Amazon shares are looking to open about 12 percent higher this morning. Facebook shares, which also surprise to the upside this week, is looking to rise a bit more this morning. Yesterday, in a television interview, Carl Icahn, who some regard as an investing icon, disclosed that he had sold all of his Apple shares and warned of an upcoming “day of reckoning” for stocks. Apple shares promptly sold off on the news, and it could be that his comment added fuel to the overall market decline yesterday afternoon.   Just keep in mind that even major religions warn...
Continue reading

WJR March 2016 Reports

March 31, 2016 It’s the last trading day of what’s been a remarkably good month for stock prices. The S&P 500 Index (not even counting dividends) is almost 7 percent higher for the month and closed yesterday at its high point of 2016. It should be a good morning for shares of MetLife. MetLife went to court, arguing that they’re not really as systemically important to the financial system as the Government had claimed. The judge agreed that they aren’t too big to fail and shouldn’t be subject to so much Government oversight. Expect that a number of other big insurers will be sending their lawyers to court, also hoping to be declared systemically insignificant. Weekly Jobless Claims came in at 276,000 for last week. That’s a bit higher than expected, but perhaps more importantly at 9:45 the March Chicago Purchasing Managers Index is expected to recover to a positive reading above 50 from February’s...
Continue reading

WJR February 2016 Reports

February 29, 2016 What started as a horrible day for Chinese stocks moderated a bit by the close of trading there, and a post-market cut in the reserve requirement by China’s Central Bank may steady the ship tomorrow. But in the meantime, keep an eye once again on the price of oil. Our futures have improved a good bit from lower levels as West Texas Intermediate has recovered its earlier losses. At 9:45 we’ll hear about the February Chicago Purchasing Managers Index. The January number surged very unexpectedly to a reading of 55.6.  Most expect a much more subdued reading of 52.9 this time around. Anything above 50 indicates economic expansion, and the higher the number the better. By 10:30, we’ll also get the Pending Home Sales Index and the Dallas Fed survey.  One stock on the move this morning is Federal-Mogul. Carl Icahn who effectively owns 82 percent of the company already, has offered...
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