Wheaton Precious Metals discloses better than expected 2018 and 2019 production guidance ahead of March 20 earnings
After the close today, Wheaton Precious Metals (WPM) told investors and traders that 2018 production exceeded previous guidance and that production in 2019 is forecast at 365,000 ounces of gold, 24.5 million ounces of silver, and 22,000 ounce of palladium. That's the...
Fed-speak mania today–with two weeks to go before Fed’s quiet period
What does the Federal Reserve want to tell the financial markets? Maybe you believe it's just one of those things. You know, one of those coincidences. Â But I don't. Seven, count 'em seven, Fed officials are scheduled to speak today, Friday, February 22. That's just...
Albemarle beats on earnings, sees rising lithium demand
After the market close yesterday, Albemarle (ALB) announced fourth quarter 2018 earnings that beat Wall Street earnings estimates of $1.47 by 6 cents a share and reported revenues grew 7.4% year over year to $921.7 million, against the $894.5 million consensus. The...
It’s all about the MOUs: China trade talks strategy gets clearer; U.S. not so much
Judging from this morning's news out of the U.S. China trade talks I think I can see the Chinese strategy. Step 1: Offer the United States and its President lots of money. Today the Chinese offered to buy an additional $30 billion in U.S. corn, soy beans and other...The Fed’s minutes surprise, imagine that
As surprises go today's release of the Federal Reserve's minutes from its January meeting doesn't rank up there with Agatha Christie. (Remember 10 Little Indians? Where the murderer turns out to be someone who had earlier faked his own murder?) But still as Fed...
Special Report: 10 Stock Picks for a Market Worried about an Earnings Recession–all 10 picks
The U.S. stock market is worried about an economy recession--two consecutive quarters of negative GDP growth--and an earnings recession--two consecutive quarters of negative growth for the stocks in the Standard & Poor's 500. Neither is certain. But of the two an...
Here’s why all eyes are on the release of this Fed’s January minutes this afternoon
All Today's release of the minutes from the Federal Open Market Committee’s January meeting has the potential to move markets--maybe even more potential than usual. That's because the market is looking for guidance on a series of Fed-centric issues. First, there's the...
China trade talks resume–with a notable lack of momentum
The latest round of U.S.-China trade talks resumed today in Washington. The Trump administration's March 1 deadline continues to walk nearer--although everyone on Wall Street expects that President Trump will decide good progress has been made and will extend the...
Wal-Mart’s earnings report reassures stocks
Remember last week when the Commerce Department released figures showing that U.S. retail sales fell 1.2% in December from the previous month, the most since 2009. The drop was so big that she Wall Street analysts argued that the data were in error. Today Wal-Mart...
The credit cycle sure looks like it’s headed off a cliff in U.S., China
With U.S. stock markets closed today for Presidents' Day, credit market news has an opening to move higher on the Investor Worry Bandstand. (The kids give it an 65, as they used to say on American Bandstand. But I think its moving up fast. The American Bandstand...
Saturday Night Quarterback says, For the week ahead expect…
...the data calm before the February 28 data storm. Scrambling to recover from a government shutdown that delayed the collection and processing of economic data, the Bureau of Economic Analysis has announced that it won't release the first report on fourth quarter...Download Jim’s eBook for Free
