It looks like we’ll get some green early going. Dow futures are +90 and XIV is printing $127 in the pre market. Crude is off again, down 0.65% — but copper and gold are slightly higher. Over in nerdville, Bitcoin is at $10,300 and Ethereum is $1,100 — both weak, but plodding along.
I don’t have much conviction, other than to suggest even dead cat’s bounce when tossed off high perches — so maybe we’ll get a little reprieve from the dastard plundering. This being the last day of the month, I will be posting my returns for my quantitative portfolio and making adjustments tomorrow morning, as I am scheduled to do so once per month for all of 2018.
Here’s what’s hitting the wires now.
Automatic Data beats by $0.09, beats on revs; guides FY18 EPS above consensus, increases lower bound of rev guidance
Tupperware beats by $0.09, misses on revs; guides Q1 EPS below consensus; guides FY18 EPS in-line
Silicon Labs beats by $0.07, beats on revs; guides Q1 EPS in-line, revs above consensus
Overstock.com announces the launch of a digitally-driven investment platform (otherwise known as robo-advising)
NASDAQ beats by $0.05, beats on revs
Illumina upgraded to Overweight at First Analysis Sec post earnings; tgt $277
U.S. Bancorp downgraded to Underweight from Neutral at JP Morgan
DPW Holdings subsidiary, Super Crypto Mining to launch cloud mining
McDonald’s target raised to $190 from $180 at Telsey Advisory Group
the holdings you are showing inside Exodus. Are those based on your quant model?
Yes, the one’s labeled my positions.
nice. do you have max numbers of positions and is it equal weight?
BURG looking to break out.
Is this a dead cat bounce or just a dead cat? Now that the Obama coat tails are ending and the tax cut has passed, it looks like the market isn’t beleiving in Trump’s ability to further improve the economy in 2018. Infrastructure would be a big boost, but everyone knows that with the big tax cut, there’s no money for it infrastructure AND war (military).
“…the Obama coat tails”
Come on. Your smarter than to have to repeat that libtard MSM nonsense here.
May I suggest you rethink your idea of “infrastructure”?
Guide it away from make-work, union-pleasing jackery, which your friend obama laughed at as oops, we’re not shovel-ready.
Instead, consider the tax cut as a colossal infrastructure for the private sector, and orders of magnitude more efficient to boot.
I’ll consider that when i see a significant bump in capital investment. Seriously though, with record-high profits and near-record-low interest rates, you think lack of capital is the reason for lack of capital investments?
Either way, gov’t infrastructure is needed for public works such as roads, dams, etc. Wha kind of hell would we be in if the corporations owned the interstates and national parks?
I didn’t say, nor do I think there has been a lack of capital investment.
But I strongly believe that the tax cut will encourage even more. And if you’d like to see a bump in capital investment, I suggest you read the news: XOM, AAPL, etc… And really, common sense tells us if companies have more money on hand, they will invest some, increase pay some, perhaps take a bit more profit, and/or all of the above.
I live in Illinois and many interstate rest areas have been closed over the last several years because the state can’t even keep the places supplied with toilet paper. Is that the kind of hell that you fear evil corporations would inflict and the beneficial state protect us from?