Bearly News for September 12, 2014

Top Stories

Facebook became the world’s 22nd largest company after shares closed at an all-time high of $77.89 this week – putting the social networking company’s market value at more than $200 billion. The advance came as “investors bet on the company to capitalize on the future of mobile advertising.” (1) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. The unveiling of Apple’s new iPhone 6, iPhone 6 Plus, and Apple Watch on Tuesday sent the company’s shares on a roller coaster ride this week, with shares initially climbing nearly 5 percent before the announcement only to reverse the gains late in the day – finishing down 0.4 percent. Shares then rallied 3.1 percent on Wednesday to reclaim $100 a share. (2)

Economic Releases & Statistics

U.S. consumer credit surged by $26 billion to $3.24 trillion in July – marking the largest monthly advance since Nov. 2011 – as non-revolving loans climbed by the most in 3 years. Economists had called for a smaller increase of $17.35 billion. On an annual basis, consumer credit jumped 9.7 percent. (3) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. U.S. wholesale inventories made its smallest advance in 12 months – rising just 0.1 percent to a seasonally adjusted $533.76 billion in July compared to forecasts for an increase of 0.5 percent. However, with sales making a solid gain of 0.7 percent, the inventory slowdown is projected to be short-lived. (4) Australia’s unemployment rate sank from 6.4 percent to 6.1 percent in August, as the labor market added a record 121,000 jobs and the participation rate rose from 64.8 percent to 65.2 percent. Economist had called for the unemployment rate to make a slight decline to 6.3 percent with the addition of just 15,000 jobs. (5) Japan’s economy contracted more than anticipated in the second quarter – shrinking 7.1 percent versus forecasts of 7 percent – marking the largest downturn in more than 5 years. The decline came as a sales-tax hike weighed on retail sales and household spending. (6)

Stocks & Earnings

Barnes & Noble reported a Q1 loss of $0.56 a share – beating estimates for a loss of $0.63 – as the book retailer cut costs and the company’s gross profit margin rose from 27.7 percent to 31 percent year-on-year. Revenue fell, however, dropping 7 percent to $1.2 billion compared to forecasts of $1.26 billion. (7) The smaller than expected quarterly loss had shares rising to a 52-week high of $24.62. (8) Krispy Kreme’s Q2 profit advanced 22 percent to $5.8 million, as revenue rose 6.9 percent to $120.5 million. On an adjusted basis, the company’s earnings fell from $0.14 a share to $0.13 a share – missing forecasts of $0.16 – sending shares down more than 6 percent. (9) Kroger Co’s Q2 profit rose 9 percent to $347 million or $0.70 a share – surpassing Wall Street’s projection of $0.69 – as sales jumped 12 percent to $25.3 billion and the company benefited from the acquisition of Harris Teeter Supermarkets. The grocer also raised its full-year outlook from $3.19-$3.27 a share to $3.22-$3.28. The news sent shares higher. (10)

Global Currencies

As anticipated, the Reserve Bank of New Zealand held its key interest rate at 3.5 percent, after lowering its inflation projection from 1.8 percent to 1.4 percent. The decision sent the kiwi to a 7 month low of 81.84 against the U.S. dollar. (11) The U.S. dollar climbed to a 6-year high of 106.56 against the yen this week, as U.S. Treasury yields rose – providing support for the dollar. (12) Australian dollar dropped to a 6-month low of 91.56 against the U.S. dollar this week, as speculation rose that both the U.K. and the U.S. could be seeing rate increases in the near-term. (13) The Canadian dollar fell to a nearly 4-month low of C$1.1032 against the U.S. dollar after crude oil dropped 1.4 percent to a more than 1-year low of $90.43 per barrel. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies dropped 1 million barrels to 358.6 million barrels last week compared to forecasts for a draw of 1.2 million barrels. Gasoline supplies made a surprise advance – rising 2.4 million barrels to 212.4 million barrels versus forecasts for a draw of 0.2 million barrels. Distillates jumped 4.1 million barrels to 127.5 million versus to forecasts for a build of 1 million barrels. The report had U.S. oil prices falling to an 8-month low of $91.49 a barrel. (15)

Natural gas storage rose by 92 billion cubic feet to 2.801 trillion cubic feet last week – exceeding forecasts for a build of 82 billion cubic feet. Supplies are 443 billion cubic feet lower year-on-year and 463 billion cubic feet below the 5-year average. (16)

Grains & Field Crops

In its most recent WASDE release, the USDA raised its domestic corn production estimate from 14.032 billion bushels to a record 14.395 billion bushels – topping forecasts of 14.31 billion – as ideal growing conditions sends yields to an all-time high of 171.7 bushels an acre versus forecasts of 170.7 bushels per acre. Following the report, corn prices dropped to a 4-year low of $3.3575 a bushel. (17) The agency also raised its domestic soybean production estimate from 3.82 billion bushels to an all-time high of 3.913 billion bushels – exceeding forecasts of 3.883 billion – as yields rise to a record 46.6 bushels per acre. The larger-than-expected projection sent soybean prices tumbling to a 4-year low of $9.695 a bushel. (18) The UN’s Food & Agriculture Organization raised its 2014/15 world wheat production forecast from 707.2 metric tons to a near record of 716.5 million tons. The estimate had wheat prices falling to a 4-year low of $5.155 a bushel. (19) Australia cut its 2014/15 wheat production forecast from 24.6 million metric tons to 24.2 million tons, as dry weather hurts yields. (20)

Precious Metals

Gold prices fell to a 7-month low of $1,235.30 an ounce this week, as bets rose that the Fed Reserve would raise rates sooner than expected. Silver also fell – dropping to a 14-month low of $18.57 an ounce. (21) U.S. Mint gold coin sales have plunged 54 percent since the start of the year – dropping from 691,000 ounces sold during the same timeframe of 2013 to just 331,500 ounces – as demand the metal wanes. Total silver coin sales from June through Aug. have similarly declined – tumbling 41 percent from a year-earlier 11,306,500 ounces to 6,674,500 ounces. (22) South Africa’s mining output fell by a larger-than-expected annual rate of 7.7 percent in July versus forecasts for a decline of 6.35 percent, as output of platinum group metals plummeted more than 45 percent. (23)

Other Commodities

A boost in sales brought on by higher prices likely has Vietnam’s coffee reserves standing at a 3-year low, with farmers holding “unsold inventories equal to 5 percent of the record harvest at the end of August from 10 percent a year earlier.” Forecasts also call for output during the 2014/15 season to fall 3 percent year-on-year to 1.65 million metric tons. (24) The USDA cut its 2014/15 domestic rice production estimate by 10.5 million cwt to 218.3 million, as yields fall from a previous estimate of 7,560 pounds to 7,501 pounds and harvest area is projected 116,000 acres lower at 2.91 million acres. (25)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for September 5, 2014

Top Stories

Apple’s market value fell by $26.1 billion on Wednesday, as shares tumbled more than 4 percent to $98.94. The downturn came after news broke that several celebrities had their personal photos stolen through a security attack on Apple’s iCloud and Samsung announced a smartphone partnership with Facebook. (1) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. Dollar General raised its bid for Family Dollar to $9.1 billion or $80 a share. In an effort to combat antitrust concerns, Dollar General also upped the number of its stores it is willing to divest to 1,500 and offered to pay a $500 million reverse breakup fee if antitrust issues stop the deal from moving forward. (2)

Economic Releases & Statistics

U.S. construction spending jumped 1.8 percent to a nearly 6-year high of $981.31 billion in July – exceeding estimates for a rise of 1 percent – as “private construction increased and state and local government outlays surged.” (3) U.S. manufacturing made an unexpected advance in Aug. – rising from reading of 57.1 in July to a more than 3-year high of 59 – as new orders rose to an April 2004 high of 66.7. Economists had called for a decline to 56.9. (4) U.S. factory orders surged by a record 10.5 percent in July, as commercial aircraft demand soared. The advance was in line with expectations. (5) Eurozone manufacturing fell from a reading of 51.8 to a 13-month low of 50.7 in Aug. versus forecasts of 50.8, as demand fell and geopolitical tensions mount. (6) Manufacturing in the U.K. unexpectedly fell from 54.8 to a 14-month low of 52.5 compared to forecasts for a rise to 55.1, as new orders dropped to a more than 1-year low. (7)

Stocks & Earnings

Toll Brothers’ Q3 profit more than doubled to $97.7 million or $0.53 a share – well exceeding forecasts of $0.07 – as revenue climbed 53 percent to $1.06 billion versus estimates of $979 million. The better-than-expected results were attributed to increased home prices and deliveries. (8) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. News that Stifel Nicolaus analyst James Albertine expects Tesla Motors’ shares to climb another 48 percent from the previous week’s closing price of $269.70 a share to $400 a share by the end of the year had the car maker’s stock rallying to a record close of $284.12. So far for the year, Tesla’s shares stand up 89 percent. (9) Delta Air Lines lowered its Q3 revenue forecast from up to a 4 percent advance to between 2 and 3 percent on “concerns of overcapacity on transatlantic and Pacific routes.” (10) The reduced outlook sent the airline’s shares tumbling 5.2 percent to $38.79. (11)

Global Currencies

Deflation concerns had the European Central Bank unexpectedly cutting its key interest rate to 0.05 percent this week – sending the euro to a 14-month low of $1.3036 against the U.S. dollar. Analysts had expected the bank to leave the rate unchanged at 0.15 percent. (12) Despite signs of a strong economic recovery, the Bank of England held its rate at a record-low 0.5 percent. (13) As anticipated the Bank of Canada left its benchmark rate on hold at 1 percent and “reiterated its neutral stance on monetary policy, meaning its next move could be a rate increase or decrease.” (14) The decision had the loonie making its best advance in a week– rising 0.4 percent to C$1.0889 against the U.S. dollar. (15) Concerns that a rate increase could jeopardize economic growth had the Reserve Bank of Australia holding its key interest rate at a record-low 2.5 percent this week. The move was projected by analysts. (16)

Oil & Energies

According to this week’s EIA report, the nation’s crude oil supplies dropped 905,000 barrels to 359.6 million barrels compared to forecasts for a draw of 1 million barrels. Gasoline supplies fell by 2.32 million barrels to a 1-year low of 210 million barrels. Analysts had called for a downturn of 1.4 million barrels. Distillates unexpectedly rose by 605,000 barrels to 123.4 million versus to forecasts for a draw of 1 million barrels. (17)

Natural gas storage rose by a larger-than-projected 79 billion cubic feet to reach 2.71 trillion cubic feet last week – exceeding forecasts for a build of 73 billion cubic feet. Supplies are 14.8 percent lower year-on-year and 15.4 percent below the 5-year average. (18)

Grains & Field Crops

Corn prices fell to a more than 4-year low of $3.5125 a bushel this week, while soybean prices hit a 4-year low of $10.125 a bushel, after the USDA reported that both crops stood in the best shape since 1994, with an estimated 74 percent of U.S. corn and 72 percent of soybeans rated in good to excellent condition. (19) The International Grains Council raised its 2014/15 global wheat production estimate 1.6 percent to a record 713.4 million metric tons, with crops out of Russia, the European Union and China projected higher. Despite calling for consumption to climb to a record 1.952 billion tons, the agency expects global stockpiles to reach a 15-year high of 426 million tons by the end of the season. (20) Wheat yields in the U.K. are expected to rise to an all-time high of between 8.3 and 8.6 tonnes per hectare – exceeding the previous record of 8.3 tonnes per hectare set 6 years ago – as “good establishment conditions, high tiller number and winter survival rate, mild temperatures and plentiful sunshine hours during grain fill have all positively affected yield.” (21)

Precious Metals

Russia’s palladium output is projected to fall 2 percent this year to 2.54 million ounces, as tensions over Ukraine escalate. Russia is the number one resource of palladium – producing more than 40 percent of global supplies last year. (22) Australia’s gold output rose 9 percent to 9.1 million ounces in 2013/14, as producers treated “higher grade ore in order to protect their margins.” (23) Gold prices fell to a nearly 3-month low of $1,263.10 an ounce this week, after the U.S. reported that manufacturing rose at its fastest pace in 3 years. (24)

Other Commodities

News that Brazil’s coffee output would likely fall from between 53 million and 55 million bags to as low as 50 million bags next season, as drought conditions continue to cut yields, had arabica coffee prices rising to a more than 4-month high of $2.0995 a pound this week. (25) Tanzania is expected to produce a bumper coffee harvest this season, with output to top more than 55,000 metric tons – up from last season’s 48,690 tons – as positive weather conditions and plantings boosts yields. (26) Since the start of the year, India’s coffee exports have dropped nearly 6 percent to 221,189 metric tons, as supply concerns rose and demand eased. (27)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for August 29, 2014

Top Stories

On Wednesday, Bloomberg broke the news that JP Morgan, along with at least 4 other banks, were hit by hackers that stole gigabytes worth of financial data – leading investigators to believe the attack could be financially motivated. However, some people briefed on the investigation suspect a possible Russian involvement as retaliation for sanctions put on the country. (1) Trader Kirt Christensen shares how what happened June 4, 2010 is giving even the smallest investor a way to make a solid weekly income – see how in this tell-all event. In what will become one of its largest ever acquisitions, Amazon.com announced that it would buy video-game service Twitch Interactive for $970 million. Initially it had been rumored that YouTube would buy the startup for an estimated $1 billion. (2)

Economic Releases & Statistics

U.S. consumer confidence unexpectedly rose from a reading of 90.3 to hit a 7-year high of 92.4 in Aug., as an improving labor market boosted optimism. Economists had called for a decline to 88.5. (3) U.S. durable goods orders soared 22.6 percent to a record $300.1 billion in July – exceeding forecasts for an increase of 7.5 percent – as Boeing aircraft purchases surged to a record 324 planes. (4) Despite market conditions, trader was able to use a little-known market sector to turn 100,000 into 1.4 million in less than an hour a week – read the full story here. New home sales in the U.S. unexpectedly fell 2.4 percent to an annualized rate of 412,000 in July – marking the slowest pace in 4 months. Economists had called for a rate of 430,000. (5) German business confidence dropped to the lowest level in more than a year in Aug. – falling from a reading of 108 to 106.3 versus forecasts of 107 – as “the escalating crisis in Ukraine and the resultant sanctions against Russia pose downside risks to the economic activity.” (6)

Stocks & Earnings

Best Buy’s Q2 profit fell 41 percent to $146 million or $0.42 a share, as revenue dropped 3.2 percent to $8.9 billion versus forecasts of $8.99 billion. On an adjusted basis, the retailer earned $0.44 a share – topping estimates of $0.31 – on lower than anticipated costs. (7) The results sent shares down nearly 7 percent. (8) Trader makes available his own brokerage statements in order to prove that his new revolutionary day trading strategy is consistently producing truly uncommon results – read the full story here. Tiffany & Co.’s Q2 profit rose 16 percent to $124.1 million or $0.96 a share – beating forecasts of $0.88 – as higher prices had revenue jumping 7.2 percent to $992.9 million versus forecasts of $987.8 million. The jewelry retailer also raised its full-year outlook from as much as $4.25 a share to $4.30. The news sent shares up more than 3 percent. (9) Abercrombie shares fell more than 7 percent to $39.50 a share after the apparel chain reported that Q2 sales dropped 5.8 percent to $890.6 million – missing forecasts of $909.8 million. (10) On an adjusted basis the company earned $0.19 a share versus Wall Street’s projection of $0.11. (11)

Global Currencies

The Australian dollar rose to a 3-week high of 93.56 against the U.S. dollar – bringing its full-year gain to 4.9 percent – as Australia’s capital expenditure rose for the first time in 3 months with a 1.1 percent advance. (12) The euro rebounded from an 11-month low of $1.3153 – rising 0.2 percent to $1.3193 – as “speculation cooled that that the European Central Bank will add further monetary stimulus when it meets next week.” (13) Tension between Ukraine and Russia fueled demand for haven assets – pushing the yen higher against most of its major peers this week. The currency rose 0.1 percent to 103.76 per U.S. dollar and 0.3 percent to 136.69 per euro. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies dropped 2.1 million barrels to 360.5 million barrels compared to forecasts for a draw of 900,000 barrels. Gasoline supplies declined 960,000 barrels to 212.3 million barrels. Forecasts had called for 1 million barrel downturn. Distillates unexpectedly rose by 1.3 million barrels to 122.8 million versus forecasts for a draw of 600,000 barrels. (15)

Natural gas storage rose by 75 billion cubic feet to 2.63 trillion cubic feet last week – falling short of forecasts for a build of 77 billion cubic feet. Supplies are 15.7 percent lower year-on-year. Following the report, natural gas futures rose to a 6-week high of $4.044 per million British thermal units. (16)

Grains & Field Crops

Soybeans prices tumbled to a 2010 low of $10.26 a bushel this week, as expectations rose that the U.S. will produce a record 3.816 billion bushels this season – pushing world stockpiles to an all-time high. (17) Canada’s wheat harvest is expected to fall 26 percent year-on-year to 27.7 million tons this season, as heavy rain damages crops. The news had wheat prices rising 1.2 percent to $5.6225 a bushel – marking the largest advance in more than a week. (18) Estimates call for China to produce a bumper grain crop for the 11th consecutive year, with inventories to climb to 150 million tons – doubling last year’s 75 million tons. (19)

Precious Metals

China’s gold imports from Hong Kong fell for the fifth straight month in July – sliding 42 percent to a 3-year low of 21.1 metric tons – as “an anti- corruption campaign and price declines deterred Chinese consumers.” A year earlier imports stood at 113.2 tons. (20) Although strong economic data out of the U.S. had gold losing some of its earlier gains – falling from a 1-week high of $1,297.60 an ounce to $1,293.90 – the metal headed for its first weekly advance in 3, as investors monitored escalating tensions between Russia and Ukraine. (21)

Other Commodities

Brazil’s 2015 arabica coffee harvest is expected to fall to a 2005 low of between 24 million and 27 million bags, as harsh drought conditions have severely damaged plants. The dry conditions are also expected to result in flowering to occur several times this year. (22) The news had arabica coffee prices climbing 5.2 percent to a 3-month high of $1.9745 a pound. (23) Indonesia’s sugar imports are expected to jump 29 percent to 3.6 million metric tons this year – replacing China as the top importer – as food and beverage sales are expected to rise 11 percent to $85.3 billion. (24)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for August 22, 2014

Top Stories

Apple shares closed at an all-time high of $100.53 this week, as anticipation for the launch of new products rose – including the release of a possibly larger iPhone. (1) In a tell-all event, trader Kirt Christensen reveals a little-know market sector that has allowed him to make $1.4 million – read the full story here. Dollar General offered $9.7 billion to buy competitor Family Dollar – exceeding the $8.5 billion bid made by Dollar Tree last month. The announcement had Dollar General’s shares climbing 12 percent to close at $64.14, while Family Dollar’s shares rose 4.9 percent to $79.81. Dollar Tree’s shares fell 2.4 percent to $54.26. (2)

Economic Releases & Statistics

U.S. home builder confidence rose to a 7-month high of 55 in August versus forecasts for an unchanged reading of 53, as “historically low mortgage rates and increased employment are bringing home purchases within reach of more Americans.” (3) U.S. housing starts jumped 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July versus forecasts of 961,000 units. Applications for building permits climbed 8.1 percent to 1.052 million units – exceeding forecasts of 1.005 million. (4) As anticipated, U.S. consumer prices rose just 0.1 percent in July as a 0.3 percent downturn in gasoline prices help to offset a 0.4 percent rise in food prices. Core-prices also increased 0.1 percent – missing forecasts for a gain of 0.2 percent. Year-on-year, prices rose 2 percent while core-prices advanced 1.9 percent. (5) U.K. inflation slowed more than expected in July – falling 0.3 percent for the month to bring the full-year gain to just 1.6 percent – as clothing prices fell. Economists had called for a monthly decline of 0.2 percent and a year-on-year advance of 1.8 percent. (6)

Stocks & Earnings

Target reduced its full-year profit outlook from $3.60-$3.90 a share to $3.10-$3.30, as the retailer continued to take on expenses related to last year’s data breach and Q2 same-store sales out of Canada fell 11 percent. Analysts had been looking for $3.44 share. Shares fell nearly 5 percent following the news. (7) A new unconventional day trading strategy is having truly uncommon results in helping consistently losing traders obtain mind-boggling returns – read the full story here. Home Depot’s Q2 profit rose 14 percent to $2.05 billion or $1.52 a share – topping forecasts of $1.44 a share – as sales rose 5.7 percent to $23.8 billion. The home-improvement retailer also raised its full-year outlook from $4.42 a share to $4.52. The news sent shares up 4.6 percent – marking the largest 1-day advance in more than a year. (8) Lowe’s Q2 net income rose 10.4 percent to $1.04 billion, as sales rose 5.7 percent to $16.6 billion. Diluted earnings per share rose 18.2 percent to $1.04 versus forecasts of $1.03. However, shares fell 3 percent after the company cut its full-year revenue growth projection from 5 percent to 4.5 percent. (9)

Global Currencies

The U.S. dollar advanced to an 11-month high of $1.3356 against the euro after Fed Reserve minutes indicated that a rate increase could take place sooner than initially projected. (10) Trader reveals how he uses weekly options to make every Friday his payday – read the full story here. The pound fell against all of its 16 major peers this week, including falling to a 4-1/2 month low of $1.66442 against the U.S. dollar, as weaker than expected U.K. inflation data reinforced bets that the Bank of England will hold off on raising interest rates until next year. (11) The Canadian dollar fell to a nearly 4-month low of C$1.0980 against the U.S. dollar after data showed that “the inflation rate slowed for the first time in five months in July.” (12)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies dropped 4.5 million barrels to 362.5 million barrels last week – well exceeding forecasts for a draw of 1.2 million barrels. Gasoline supplies unexpectedly rose by 0.6 million barrels to 213.3 million barrels versus forecasts for a draw of 1.6 million barrels. Distillates fell by 1 million barrels to 121.5 million compared to forecasts for a draw of 700,000 barrels. (13)

Natural gas storage rose by 88 billion cubic feet to 2.467 trillion cubic feet last week – exceeding forecasts for a build of 83 billion cubic feet. Supplies are 500 billion cubic feet lower year-on-year and 535 billion cubic feet below the 5-year average. (14)

Grains & Field Crops

Russia’s 2014 wheat harvest is projected rise 15 percent year-on-year to 57 million metric tons, with the total grain harvest projected higher at 97-99 million tons – up from last year’s 89 million. (15) Germany’s 2014 winter wheat harvest is projected higher at 26.2 million metric tons versus a previous estimate of 25 million tons and last year’s crop of 24.6 million tons. (16) A closely watched survey completed by participants of the Pro Farmer crop tour this week called for corn yields in Illinois rise 15 percent year-on-year to 196.96 bushels per acre. The estimate exceeded the USDA’s projection of 188 bushels per acre. (17) Soybean pod counts are estimated 40 percent higher year-on-year in Illinois and 38 percent higher in Iowa. The projection sent soybean prices falling to a 4-year low of $10.35 a bushel. (18)

Precious Metals

Speculation as to how soon the Fed Reserve would raise interest rates had gold falling to a 2-month low of $1,276.20 an ounce. Silver prices also fell – dropping 1 percent to hit a 2-month low of $19.30 an ounce. (19) Palladium climbed to a 13-year high of $902.75 an ounce – marking the ninth straight day of gains and the longest run in more than a month – as concerns rose that demand will outpace supplies and top-supplier Russia was hit with sanctions. (20)

Other Commodities

Despite a boost in cherry development brought about by recent rains, coffee production in Vietnam is expected to fall 3 percent during the 2014/15 season to 1.65 million metric tons. Robusta demand is expected to outpace supplies by 1.6 million bags this year, while total coffee demand will outpace supplies by 10 million bags. (21) Domestic orange sales fell 9.2 percent year-on-year to an all-time low of 34.96 million gallons in the 4 weeks ended Aug. 2, as prices continue rise and more competition enters the market. Over the last 10 years orange-juice demand has fallen 39 percent. (22) Sugar prices dropped to a 6-month low of 15.40 cents per pound, “as slow demand on the cash market and growing stocks at the peak of the Brazilian harvest weighed on prices.” (23)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for August 15, 2014

Top Stories

Intercept Pharmaceuticals shares surge nearly 60 percent, after the drug developer released data showing new liver drug worked better than anticipated during trials. Before the release, the company’s year-to-date advance stood at 250 percent. (1) Trader explains how what happened June 4, 2010 is allowing even the smallest investor to make a solid weekly income in just 15 minutes a week – read the full story here. Chiquita Brands International shares soared more than 30 percent at the start of the week, after receiving a $611 million unsolicited takeover bid from Cutrale Group and Safra Group. (2)

Economic Releases & Statistics

U.S. job openings unexpectedly jumped by 94,000 to a more than 13-year high of 4.67 million in June, as the rate of openings rose to a 7-year high of 3.3 percent. Economics had expected job openings to fall to 4.55 million. (3) U.S. retail sales remain unchanged in July – marking the worst performance in 6 months – as auto demand slowed and weak wage growth weighed on consumer spending. Economists called for sales to rise 0.2 percent. (4) Japan’s economy contracted sharply in the second quarter – contracting 6.8 percent versus forecasts for a decline of 7.1 percent – after an April sales-tax increase weighed on household and business spending. (5) Economic growth in the eurozone was flat during the second quarter, as Germany’s economy unexpectedly contracted 0.2 percent. Both economies were expected to expand 0.1 percent. On an annual basis, the eurozone’s economy expanded 0.7 percent – matching forecasts – while Germany’s economy advance 1.2 percent compared to forecasts for a growth of 1.4 percent. (6)

Stocks & Earnings

Trader turns $100,000 into $1.4million trading ETFs – read the full story here and see his demonstration of exactly how he did it. King Digital Entertainment’s shares dropped more than 20 percent to touch an all-time low of $13.65, as the maker of the Candy Crush Saga reported a decline in consumer usage and reduced their full-year outlook. (7) On an adjusted basis, Kate Spade & Co. earned $0.05 a share during the second quarter, up from a year-earlier loss of $0.08, as revenue surged 47 percent to $266 million. Analysts had called for a break-even quarter. (8) The news initially sent shares up more than 9 percent to a 52-week high of $42.70. However, shares soon reversed gains – tumbling nearly 30 percent – following a post-earnings conference call where the company warned that it expects full-year gross margins to drop sharply. (9)

Global Currencies

Ukraine’s currency hit an all-time low of 13.12 against the U.S. dollar on Aug. 12, as “warnings by NATO that Russia may use its aid convoy for a military invasion triggered panic.” (10) During a free tell-all event, see how some traders are banking 6-figures a month with only one losing day – read the full story here. News that Germany’s economy unexpectedly declined in Q2 had the euro falling to a nearly 9-month low of $1.3348 against the U.S. dollar. However, the currency soon rounded – reaching $1.3396 – after data showed that the eurozone’s economy as a whole was able to avoid a contraction. (11) Speculation that the Bank of England will hold off on a rate increase for longer than initially expected had the pound dropping to a 4-month low of $1.6668 on Thursday. (12)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly rose by 1.4 million barrels to 367 million barrels versus to forecasts for a draw of 2 million barrels. (13) The unexpected increase had prices falling to a 13-month low of $102.37 a barrel. (14) Gasoline supplies fell 1.2 million barrels to 212.7 million barrels compared to forecasts for a draw of 1.3 million barrels. Distillates unexpectedly fell by 2.4 million barrels to 122.5 million versus to forecasts for a build of 300,000 barrels. (15)

Natural gas supplies rose less than anticipated last week – rising 78 billion cubic feet to 2.467 trillion cubic feet versus forecasts for a build of 82 billion cubic feet. Supplies currently stand 17.7 percent lower year-on-year and 18.9 percent below the 5-year average. (16)

Grains & Field Crops

In its most recent WASDE release, the USDA called for U.S. corn production to rise 1 percent year-on-year to an all-time high of 14.03 billion bushels, as near perfect weather in the Midwest helps to push yields to 167.4 bushels per acre. Soybean production is also expected to rise – advancing 16 percent year-on-year to record 3.82 billion bushels – as yields rise to an all-time high of 45.4 bushels per acre. (17) Global inventories are expected to rise 28 percent before the start of the 2015 harvest – up from this year’s estimate of 67.09 million tons to a record 85.62 million. (18) The estimate for global wheat production was raised by 10.9 million tons to a record 716.1 million, with increases in the U.S., Russia, China, and Ukraine. (19) Global inventories are expected to rise 5.1 percent year-on-year – reaching a 3-year high of 193 million metric tons before the end of the 2014/15 harvest versus forecasts of 189.89 million. (20)

Precious Metals

U.S. gold production fell 9 percent year-over-year to 17,300 kg (556,207 oz) in May, as 2014 looks “to be the lowest year of gold production for the U.S. since the beginning of the bull market in gold.” (21) India gold imports are expected to drop 15 percent to 700 metric tons this year – marking the third straight yearly decline – as government officials maintain import curbs to avert a continuing widening of the current-account deficit. (22)

Other Commodities

According to the USDA, Hawaii’s 2014 coffee production is estimated to have risen 10 percent year-on-year to 7.70 million pounds on increased yields and acreage. (23) The agency’s domestic cotton production estimate was raised 6 percent to 17.5 million 480-pound bales – a 36 percent increase year-on-year – as harvest area also rises 36 percent year-on-year to 10.2 million acres. (24) The projection for domestic rice inventories was raised 2.8 million cwt to 282.6 million – an increase of 21 percent year-on-year – as yield and harvest area estimates were forecasted higher. (25)

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Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for August 8, 2014

Top Stories

Sprint shares sank more than 18 percent to $5.95 a share after the company announced that it would drop its pursuit to buy T-Mobile on concerns that antitrust regulators would block the $32 billion deal. (1) A Pro S&P pit trader is giving away some of his coveted trading tactics that helped him to net nearly $2 million in a free eBook – get the download here. The U.S. trade deficit unexpectedly fell 7 percent to a 5-month low of $41.5 billion in June, as a sharp 1.2 percent downturn in imports outpaced a 0.1 percent increase in exports. Imports stood at $237.4 billion, while exports came in at a record $195.9 billion. Economists had called for the deficit to make a slight advance to $45 billion. (2)

Economic Releases & Statistics

The Institute for Supply Management’s U.S. service sector index rose from a reading of 56 to an 8-1/2 year high of 58.7 in July – surpassing forecasts of 56.3 – as business activity rose to a Feb. 2001 high of 62.4, new orders to an Aug. 2005 high of 64.9, and employment to a 6-month high of 56. (3) U.S. factory orders rose at their fastest pace since 1992 – climbing 1.1 percent in June versus forecasts for an increase of 0.6 percent – as demand for commercial aircrafts jumped 8.4 percent. (4) Eurozone retail sales rose at the fastest annual pace since March 2007 in June – rising 2.4 percent compared to forecasts for an increase of 1.4 percent – as sales of non-food products advanced 3 percent and sales of food products rose 2 percent. (5)

Stocks & Earnings

Top trader Kirt Christensen explains how even a novice trader can generate a solid weekly income regardless of their account size – see how during this free tell-all event. Time Warner’s Q2 profit advanced 11 percent to $850 million or $0.95 a share, as revenue rose 3 percent. Adjusted earnings of $0.98 a share topped forecasts of $0.84. (6) However, shares fell 12 percent to $74.51 after Rupert Murdoch withdrew 21st Century Fox’s $80 billion takeover bid for the company. (7) AOL’s Q2 profit fell 1 percent to $28.2 million or $0.34 a share, as higher costs outpaced a 20 percent increase in global advertising revenue. Adjusted earnings of $0.45 a share still beat forecasts of $0.44 – sending shares up more than 8 percent. (8)

Global Currencies

As anticipated, the Reserve Bank of Australia held its key interest rate on hold at a record low 2.5 percent for the 12th consecutive month, as economic growth remains sluggish. (9) Despite a recent show of strength in the U.K. economy, the Bank of England left its interest rate unchanged and in line with forecasts at a record-low 0.5 percent. (10) The European Central Bank followed suit – leaving its interest rate at a record-low 0.15 percent, as geopolitical risks remain a danger to the eurozone’s already unstable recovery. The move was anticipated by analysts. (11) Students of Open Trader’s Ziad Masri are bringing in profits of over $100,000 a month with his new unconventional trading strategy – read the full story here.

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies dropped 1.8 million barrels to a Feb. low of 365.6 million barrels compared to forecasts for a draw of 1.7 million barrels. Distillates unexpectedly fell by 1.8 million barrels to 124.9 million versus to forecasts for a build of 600,000 barrels. Gasoline supplies also made a surprise downturn – dropping 4.4 million barrels to 213.8 million barrels versus forecasts for an increase of 100,000 barrels. (12) The news had gas prices rebounding 1.5 percent to $2.755 a gallon, from a 6-month low of $2.7155. (13)

Natural gas storage rose by 82 billion cubic feet to 2.39 trillion cubic feet last week – missing forecasts for a build of 89 billion cubic feet. Supplies stand 18.4 percent lower year-on-year and 20.3 percent below the 5-year average. (14)

Grains & Field Crops

Wheat prices rose to a 1-month high of $5.65 a bushel this week after a report showed that U.S. wheat exports jumped 81 percent to 801,007 metric tons in the week ended July 24 and speculation rose that quality damage to harvests in Europe due to rain will further increase demand for U.S. supplies. (15) Informa Economics Inc. raised its 2014/15 wheat production forecast for Russia by 3.5 million metric tons to 56 million tons. (16) U.S. soybean production is projected to rise to a record 3.865 billion bushels this year – exceeding the USDA’s estimate of 3.8 billion bushels – as rain in the Midwest is expected to boost yields. The better-than-expected projection sent prices lower throughout the week. (17) U.S. corn production is also expected to surpass the USDA’s July estimate, with a record crop of 14.25 billion bushels. (18)

Precious Metals

Gold rose to a 1-month high of $1,324.30 an ounce on Friday, as unrest in the Middle East spurred safe-haven demand. (19) For the week, the metal rose 2.2 percent – marking its first weekly advance in 4 weeks and the highest gain in seven. (20) Silver made its largest 1-day advance in 2-weeks – rising 1.2 percent to close at $20.02 an ounce on Wednesday – as geopolitical concerns over Ukraine deepened. (21)

Other Commodities

Vietnam coffee exports are projected to climb from 85,000 metric tons to between 70,000 to 120,000 tons (or 1.17 million to 2.0 million 60-kg bags) in Aug., as foreign buyers cover their needs and sales from Vietnam’s tightening supplies become unstable before the start of the new 2014/15 harvest. (22) Copesucar SA, Brazil’s largest sugar-growing and exporting company, expects sugar production to make its largest year-on-year downturn in 14 years – dropping 7 percent to between 32 million and 34 million metric tons – as drought plagues the region. (23)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for August 1, 2014

Top Stories

Both Family Dollar and Dollar Tree’s shares surged on Monday – rising as high as 24 percent and 7.8 percent respectively – after Dollar Tree announced that it would buy Family Dollar for $8.5 billion dollars. (1) For a limited time, pro trader Larry Levin sharing the strategies that helped him to net $1,900,336.82 trading commodities – read the full story here. Zillow announced that it would acquire Trulia in a $3.5 billion all-stock deal – with Trulia shareholders receiving 0.444 shares of Zillow for each share they own. The takeover bid is worth an estimated $70.53 a Trulia share, which is a 25 percent premium over Friday’s closing price. (2)

Economic Releases & Statistics

U.S. consumer confidence rose from an upwardly revised reading of 86.4 to an Oct. 2007 high of 90.9 in June, as “strong job growth helped boost consumers’ assessment of current conditions.” Economists had called for a slight rise from a previously reported 85.2 to 85.4. (3) The U.S. economy expanded at an annualized rate of 4 percent during the second quarter – beating forecasts for a growth of 3 percent – as consumer spending rose 2.5 percent and business investment jumped 5.9 percent. (4) U.S. private sector added 218,000 jobs in July – marking the fourth straight month with an increase over 200,000. Economists had called for the addition of 230,000 jobs. (5) Eurozone inflation fell from a 0.5 percent advance in June to a 5-year low of 0.4 percent in July – well below the European Central Bank’s target of 2 percent and dangerously close to deflationary territory. Economists called for an increase of 0.5 percent. (6) The rate of inflation in Germany slowed from 1 percent to a 4-year low of 0.8 percent in July – further adding to deflations concerns – as a 1.5 percent decline in energy costs outpaced a 0.1 percent rise in the cost of goods and food. (7)

Stocks & Earnings

Twitter shares soared nearly 40 percent this week after the microblogging site reported that Q2 revenue surged 124 percent to $314 million – exceeding forecasts of $283.4 million. On an adjusted basis, the company unexpectedly earned $0.01 a share versus forecasts for a loss of $0.01. (8) Trader shows how any level of trader can turn 15 minutes a week into a solid weekly income – reserve your spot for this free training event here. Tyson Foods’ Q3 profit rose 4.4 percent to $260 million or $0.73 a share, as revenue jumped 11 percent to $9.68 billion. On an adjusted basis, the company earned $0.73 a share compared to forecasts of $0.75. Shares rose after Tyson reported that it would sell its Mexican and Brazilian poultry business to JBS Pilgrim’s Pride for $575 million. (9) UPS’ Q2 profit fell 58 percent to $454 million or $0.49 a share, after taking on a charge of $665 million for retirement obligations. On an adjusted basis, the company earned $1.21 a share versus forecasts of $1.24. UPS also lowered its full-year guidance from $5.05 a share to between $4.90 and $5.00. Shares fell 3 percent. (10)

Global Currencies

The Bloomberg U.S. Dollar Spot Index made its best monthly advance in more than a year –rising to 1,022.30 – after strong economic data out of the U.S. added to speculation that the Fed Reserve will raise interests by mid 2015. (11) Adam G from Charlotte booked $100,000 in profits in a single month with only one losing day using the strategies taught Open Trader’s Ziad Masri – see how during this free webinar. The euro fell to an 8-month low of $1.34 against the U.S. dollar, as inflation in Germany fell to a 4-year low. (12) Weak economic data out of the U.K. had the pound continuing its decline against the U.S. dollar this week – bringing its monthly decline to 1.3 percent. (13)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell by 3.7 million barrels last week to 367.4 million barrels. Analysts had called for a smaller draw of 2.2 million barrels. Gasoline supplies fell less than anticipated – declining 0.4 million barrels to 218.2 million barrels versus forecasts for a draw of 1.3 million barrels. Distillates increased less than expected – advancing 0.8 million barrels to a Sept. 2013 high of 126.7 million versus forecasts for a build of 1.4 million barrels. (14)

Natural gas storage rose by 88 billion cubic feet to 2.31 trillion cubic feet last week – falling short of forecasts for a build of 90 billion cubic feet. Supplies are 18.7 percent lower year-on-year and 21.7 percent below the 5-year average. The news sent prices up from $3.77 per million British thermal units to $3.85. (15)

Grains & Field Crops

Wheat prices fell to a 4-year low of $5.185 a bushel on increased concern that world inventories will outpace demand, with forecasts calling for world supplies to rise 2.9 percent to a 3-year high of 189.54 million metric tons before the next harvest begins. (16) Soybean prices rose by the most in 9 weeks – rising 2.2 percent to $11.0775 a bushel – as concerns rose that dry weather could hurt U.S. yields. (17) UkrAgroConsult raised its estimate for Ukraine’s 2014 grain harvest 4 percent to 57.4 million tonnes, as the region’s wheat harvest is projected higher at 21 million metric tons from a previous estimate of 20.5 million. (18) The agency also raised its forecasts for grain exports by 6.8 percent to 31.7 million tons. (19) Estimates for Russia’s 2014 wheat crop were raised by more than 1 million metric tons to 57.5 million, on higher projected yields throughout several regions. (20)

Precious Metals

In June, China’s Hong Kong gold imports tumbled from 104.567 tonnes to a 17-month low of 40.543 tonnes year-on-year, as “a weaker yuan curbed demand from the world’s biggest bullion consumer and as direct imports through the mainland flourished.” (21) In spite of geopolitical concerns pushing up safe haven buying, gold prices fell below $1,300 an ounce this week – hitting $1,296.90 – after the U.S. economy made a better-than-expected rebound during the second quarter. (22) Palladium prices rose to a 13-year high of $899.90 a troy ounce, as concerns rose that sanctions against Russia could reduce supplies. (23)

Other Commodities

U.S. cattle inventories fell 2.9 percent to an all-time low of 95 million head as of July 1, “after futures in Chicago settled at a record high, signaling higher beef costs.” (24) Beginning Oct. 2015, coffee output in Vietnam is expected to rise to an all-time high of 1.87 million metric tons – an 8.7 percent increase over the record crop of 2013/14 – as yields rise from 2.65 tons per hectare to 2.83 tons and area increases 10,000 hectares to 660,000 hectares. (25) Orange juice prices fell 2.2 percent to a 5-month low of $1.4475 a pound, after a report showed that U.S. orange-juice retail sales dropped 8.3 percent to a 12-year low of 36.11 million gallons in the 4 weeks ended July 5. (26)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for July 25, 2014

Top Stories

The International Monetary Fund cut its world economic growth forecast for 2014 from 3.6 percent to 3.4 percent and 2015 from 4 percent to 3.9 percent, on reductions in growth in both the U.S. and China. (1) Apple’s Q3 earnings advanced 12 percent to $7.75 billion or $1.28 a share – topping forecasts of $1.23 – as iPhone sales rose 12.7 percent to 35.2 million and Mac sales increased 18 percent year-on-year. (2) Apple shares are up 18 percent for the year and just 6 percent away from reaching another an all-time high. (3)

Economic Releases & Statistics

As expected, U.S. consumer prices rose 0.3 percent in June and 2.1 percent year-on-year, as gas prices climbed 3.3 percent. Core inflation rose 0.1 percent for the month and 1.9 percent year-on-year – missing forecasts of 0.2 percent and 2.0 percent respectively – as the price of new cars and hotel rates declined. (4) U.S. existing home sales advanced at the fastest pace in 8 months – rising 2.6 percent to a seasonally adjusted annual rate of 5.04 million – as inventories rise to a 12-month high and interest rates level off. (5) The International Monetary Fund (IMF) reduced its economic growth forecast for the U.S. from 2 percent to 1.7 percent, after Q1 gross domestic product contracted 2.9 percent. (6) The IMF similarly cut its estimate for China – down from 7.5 percent to 7.4 percent in 2014 and from 7.3 percent to 7.1 percent in 2015 – as domestic demand slows. (7) The IMF raised its economic growth forecast for Germany, with this year’s projection raised from 1.7 percent to 1.9 percent and next year from 1.6 percent to 1.7 percent, as it shrugged “off concerns of a slowdown in the euro zone’s largest economy.” (8)

Stocks & Earnings

Facebook’s Q2 profit soared 121 percent $791 million or $0.30 a share, as revenue jumped 61 percent on mobile advertising. On an adjusted basis, the company earned $0.42 a share compared to forecasts of $0.32. (9) The results had shares climbing 7.3 percent to an all-time high of $76.45. (10) Trader provides proof on how his new revolutionary day trading strategy has consistently been turning losing traders into super traders, with profits of over a $100k a month – read the full story here. Halliburton’s Q2 earnings climbed 20 percent to $774 million or $0.91 a share – matching forecasts – as revenue rose 10 percent to $8.05 billion versus estimates of $7.88 billion. Much of the revenue gain came from an 11 percent increase in North America. The news sent shares higher. (11) Despite reporting that revenue rose 8.2 percent to $829.3 million, Hasbro Inc’s Q2 earnings fell from $36.5 million to $33.5 million. On an adjusted basis, the company earned $0.36 a share – matching forecasts. Shares fell more than 3 percent. (12) McDonald’s Q2 profit fell 0.7 percent to $1.39 billion or $1.40 a share – missing forecasts of $1.43 – as sales in the U.S. fell 1.4 percent. Total revenue increased 1.4 percent $7.18 billion compared to estimates of $7.29 billion. The results sent shares lower. (13)

Global Currencies

The Bloomberg U.S. Dollar Spot Index rose 0.4 percent for the week to a 1-month high of 1,013.84, after a U.S. report showed that durable goods orders rose by a better-than-expected 0.7 percent in June. (14) Find out how traders are turning 15 minutes a week into a solid weekly income during a free training event being offered to our readers – sign up here. The Reserve Bank of New Zealand raised its key interest rate by 0.25 percent to a 5-year high of 3.5 percent – marking the fourth-straight meeting that the bank has raised rates. The move was anticipated after New Zealand’s economy outpaced the U.S. with a growth of 3.3 percent. (15) Russia’s central bank unexpectedly raised its interest rate 0.5 percent to 8 percent in an attempt to stem increasing inflation and support the currency in the wake of rising political tensions. Analysts had called for the rate to remain unchanged. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell by 4 million barrels to 371.1 million barrels last week – exceeding forecasts for a draw of 2.5 million barrels. Supplies now stand 1.9 percent higher year-on-year. Gasoline supplies rose more than anticipated – advancing 3.4 million barrels to 217.9 million compared to forecasts for a build of 900,000 barrels. Distillates rose 1.6 million barrels to 125.9 million versus forecasts for an increase of 1.9 million. (17)

Natural gas storage rose by 110 billion cubic feet to 1.829 trillion cubic feet last week – exceeding forecasts for a build of 102 billion cubic feet. Supplies are 24 percent lower year-on-year and 31 percent below the 5-year average. (18)

Grains & Field Crops

According to the USDA, U.S. soybean crops are in the best shape since 1994, with 73 percent of the harvest rated in good or excellent condition – boosting bets that production will climb to an all-time high of 3.8 billion bushels. Corn was rated at its highest level since 2004, with 76 percent in good to excellent condition, as mild weather throughout the Midwest lifts yields. (19) The EU Commission’s MARS unit raised its U.K. wheat yield estimate from 8.05 metric tons per hectare to 8.13 metric tons per hectare, which is a 10.1 percent increase over last year and an 8.5 percent increase over the 5-year average, as weather remains favorable. (20)

Precious Metals

Anglo American Platinum Ltd. announced plans to sell some of its South African platinum mines this week, after the 5-month long wage strike sent first-half profits slumped 88 percent. The sale of its Union and Rustenburg mines and its Pandora joint venture would reduce the platinum producer’s workforce by more than half. (21) India’s gold imports jumped from $1.9 billion to $3.1 billion in June, as the Reserve Bank of India increased the number of entities allowed to import the metal. Silver imports tumbled 53.4 percent year-on-year to $212.8 million, as industrial demand declines. (22)

Other Commodities

Pro S&P pit trader Larry Levin is giving away his award-winning eBook, “How I made $1,900,336.82 Trading Commodities” 100% free for a limited time get it here. “Brazilian coffee cooperative Coocafe expects production among its members to fall” from a year-earlier 1.5 million bags to between 900,000 and 1 million bags, as one of the worst droughts in decades hurt yields earlier in the year. (23) Coffee production in Indonesia is expected to rise 2.9 percent year-on-year to 711,000 metric tons, while cocoa bean production is estimated to jump 14.7 percent year-on-year to 817,000 tons. Sugar output is projected lower at 2.5 million tons – down from a previous forecast of 2.9 million. (24)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for July 18, 2014

Top Stories

Time Warner Inc. rejected an $80 billion takeover bid from 21st Century Fox this week, stating “that it was not in the company’s best interests.” (1) The news had Time Warner’s shares soaring 17 percent. (2) In a surprise move top trader releases proof of how he is assisting some of his students in netting over $100,000 a month – read the full story here. Intel Corp’s shares jumped nearly 7 percent after reporting that Q2 earnings climbed 40 percent to $2.8 billion $0.55 a share compared to forecasts of $0.52, as revenue rose 8 percent to $13.83 billion. Shares now stand up 20 percent for the year. (3)

Economic Releases & Statistics

U.S. retail sales rose 0.2 percent in June – missing forecasts for an increase of 0.6 percent – as auto sales fell 0.3 percent. Core sales increased 0.4 percent compared to forecasts of 0.5 percent. However, both May and April sales were upwardly revised to show a growth of 0.5 percent and 0.6 percent, respectively. (4) During a live event, trader Kirt Christensen explains how anyone can make every Friday lucrative, regardless of market conditions – read the full story here. U.S. homebuilder confidence climbed from a reading of 49 to a 6-month high of 53 in July – surpassing estimates for a reading of 50 – as the labor market improves and consumer optimism grows. (5) U.S. producer prices advanced 0.4 percent in June – exceeding forecasts for a gain of 0.2 percent – as gas prices jumped 6.4 percent. (6) Inflation in the U.K. rose at its fastest pace since Jan. – jumping 1.9 percent in June versus forecasts for a gain of 1.6 percent – as clothing, food, and air travel all made advances. (7) China’s Q2 economic growth accelerated for the first time in three quarters – rising 7.5 percent year-on-year compared to forecasts of 7.4 percent – as government stimulus kicked in. (8)

Stocks & Earnings

Bank of America’s Q2 profit tumbled 43 percent to $2.04 billion or $0.19 a share compared to forecasts of $0.29, as litigation costs surged from $471 million to $4 billion year-on-year. (9) Get Larry Levin’s “How I made $1,900,336.82” eBook available free to download for a limited time – here. Citigroup’s Q2 profit fell 96 percent to $181 million or $0.03 a share after accounting for $3.7 billion in expenses related to a $7 billion agreement with U.S. authorities to settle a subprime mortgage probe. However, on an adjusted basis, the bank earned $1.24 a share versus forecasts of $1.05. The news sent shares up 4 percent. (10) Goldman Sachs’ Q2 income rose 5.5 percent to $2.04 billion, as revenue unexpectedly rose 6 percent to $9.13 billion versus forecasts for a decline to $7.97 billion. On an adjusted basis, the investment bank earned $4.10 a share – easily topping forecasts of $3.05. Shares rose 1.9 percent in premarket trading. (11)

Global Currencies

The Bloomberg Dollar Spot Index rose to a nearly 4-week high of 1,010.67 after the Fed Reserve Chairwoman announced that rates could rise sooner if the economy continues to improve. (12) The Bank of Canada held its key interest rate unchanged at 1 percent, as the bank sees the recent inflation surge as temporary. The move was anticipated by analysts. (13) The pound jumped to a 22-month high of 78.90 pence against the euro this week after unemployment in the U.K. dropped to a 2008 low – adding to speculation that the central bank will increase interest rates. (14) The yen rose to a 5-month high of 136.93 against the euro this week “after reports a Malaysian jet carrying 295 people was shot down over eastern Ukraine near its border with Russia, boosting haven assets.” (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies dropped 7.5 million barrels last week to 375 million barrels. Analysts had called for a smaller draw of 2.6 million barrels. Gasoline supplies rose by 171,000 barrels to reach 214 million barrels compared to forecasts for a build of 700,000 barrels. Distillates increased more than expected – advancing 2.5 million barrels to 124.3 million versus forecasts for a build of 2 million barrels. (16)

Natural gas storage rose by 107 billion cubic feet to 2.129 trillion cubic feet last week – exceeding forecasts for a build of 100 billion cubic feet. Supplies are now 22.2 percent lower year-on-year and 25.5 percent below the 5-year average. The larger-than-expected build sent natural gas prices down more than 4 percent to a 6-month low of $3.956 per million British thermal units. (17)

Grains & Field Crops

Corn prices fell to a 4-year low of $3.7825 a bushel this week, as the USDA reported that U.S. crops “are developing in the best shape in 20 years in the country’s main growing areas.” The agency expects the domestic crop to come in at a record 13.86 billion bushels – pushing up global inventories to a 2000 high of 188.05 million metric tons. (18) Analyst Strategie Grains raised its monthly forecast for soft wheat production in the European Union by 1.1 million metric tons to 140.5 million – a 4 percent increase over last year – as it raised yield estimates for France, Germany, Denmark, Sweden, Hungary, and Romania. (19) The USDA lifted their estimate for the UK’s 2014 wheat crop from 15.15 million metric tons to 15.30 million – a 28 percent increase over last year. The agency also raised its forecast for Germany’s wheat crop from 24.3 million metric tons to 25.6 million, while increasing Ukraine’s crop outlook by 1 million metric tons to 21 million. (20)

Precious Metals

The 5-month long strike at the world’s 3 largest producers of platinum-group metals in South African resulted in a year-on-year production decline of 49 percent in May – marking the largest downturn on record. The strike “cost the companies 23.9 billion rand ($2.2 billion) in revenue and workers 10.6 billion rand in wages by the time it ended on June 24.” (21) Anglo American Platinum expects first-half earnings to decline by as much as 96 percent – down from a year-earlier $5.14 a share to between $0.20 and $0.80 a share – as the strike throughout South Africa’s mining belt “crippled its operations.” (22)

Other Commodities

Cocoa grinding in North America climbed 4.5 percent to a near record 131,737 metric tons during the second quarter – pointing to a boost in demand. Analysts had called for an increase of between 2 and 3 percent. (23) Grinding in Asia also surged – jumping 5.2 percent to 161,805 metric tons. (24) Malaysia reported a decline of 9.9 percent to 65,046 tons. (25) ICE arabica coffee futures fell to an almost 5-month low of $1.62 a pound on Tuesday, as Brazil’s harvest accelerates with no new reports of crop damage – easing concerns over the extent of damage caused by severe drought conditions experienced early in the year. Prices are now down 25 percent from a peak of $2.19 a pound in April. (26)

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Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for July 11, 2014

Top Stories

The Fed Reserve announced plans to end its bond-buying program – cutting $10 million a month until Oct. when a final cut of $15 million will be made – as long as the U.S. economy is able to maintain its current track. (1) Students of Open Trader’s Ziad Masri are bringing in profits of over $100,000 a month with his new unconventional trading strategy – read the full story here. Lumber Liquidators’ shares tumbled more than 20 percent this week after the specialty retailer reported a Q2 profit projection of just $0.59 to $0.61 a share versus forecasts of $0.90, while cutting their full-year outlook to between $2.65 and $3.00 a share from previous estimate of $3.25 to $3.60 a share. (2)

Economic Releases & Statistics

U.S. job openings rose 171,000 to a nearly 7-year high of 4.64 million in May, as the number of jobseekers per available position fell to a 6-year low of 2.1. Economists had called for a decline to 4.35 million openings. (3) During a live training event, trader reveals a new weekly options system that allows traders to trigger trades in both trending and flat markets – read the full story here. U.S. consumer credit continued to soar in May – increasing $19.6 billion to $3.2 trillion versus forecasts for an increase of $20 billion – as non-revolving credit made its largest advance since Feb. 2013 with a gain of $17.8 billion. (4) Industrial production in the U.K. unexpectedly fell 0.7 percent in May versus forecasts for an increase of 0.3 percent, as manufacturing made its largest decline since Jan. 2013 – dropping 1.3 percent compared to forecasts for a gain of 0.4 percent. (5) Industrial production in Germany also made an unexpected downturn – falling 1.8 percent to mark its largest decline in 2 years – as manufacturing dropped 1.6 percent. Economists had called for industrial production to remain unchanged. (6)

Stocks & Earnings

Despite reporting that revenue rose 4 percent to $2.66 billion – surpassing forecasts of $2.62 billion – Family Dollar’s Q3 profit fell 33 percent to $81.1 million, as the retailer took on a restructuring charge of $0.14 a share. Adjusted earnings of $0.85 a share missed forecasts of $0.89 – sending shares lower. (7) Traders are trading most any stock with clear entries and exits with the help of a technique being given away by a top U.S. trader – read the full story here. Samsung reported that its Q2 profit would fall almost 25 percent year-on-year to 7.2 trillion won ($7.1 billion), “as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.” Sales fell are projected to decline 9.5 percent to 52 trillion won. (8) Analysts were anticipating a profit of 8.1 trillion won on 53.2 trillion in sales. (9) Alcoa Inc.’s Q2 adjusted earnings rose from $0.07 a share to $0.18 a share year-on-year – exceeding forecasts of $0.12 a share – as aluminum prices and surcharges surged. Revenue also beat expectations at $5.84 billion compared to forecasts of $5.65 billion. The better-than-expected results sent the company’s shares up 3 percent. (10)

Global Currencies

Speculation that the Fed Reserve will maintain low interest rates after ending its assist-buying program had the U.S. dollar heading for its largest weekly decline against the yen since April 11 – dropping 0.7 percent to 101.33 yen. (11) The Canadian dollar fell from a nearly 6-month high of C$1.0621 per U.S. dollar to touch C$1.0684 per dollar after Statistics Canada reported that employment unexpectedly declined in June. (12) The New Zealand dollar rose to a 3-year high of 88.29 against the U.S. dollar after Fitch Ratings raised New Zealand’s credit outlook to positive from stable, while confirming a rating of AA. (13) As expected, the Bank of England held its benchmark rate at a record-low 0.5 percent this week, “as policy makers seek to balance Britain’s robust economic recovery with the need to cool an overheating housing market.” (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell by 2.4 million barrels to 382.6 million barrels. Analysts had called for a smaller draw of 2 million barrels. Gasoline supplies unexpectedly rose by 579,000 barrels to reach 214.3 million barrels compared to forecasts for a draw of 300,000 barrels. Distillates increased less than expected – advancing 227,000 barrels to 121.8 million versus forecasts for a build of 1.3 million barrels. (15)

Natural gas storage rose by 93 billion cubic feet to 2.02 trillion cubic feet last week versus forecasts for a build of between 90 billion and 94 billion cubic feet. Supplies stand 24.4 percent lower year-on-year and 27.6 percent below the 5-year average. (16)

Grains & Field Crops

In its most recent WASDE release, the USDA raised its domestic soybean stockpile estimate from a previous projection of 325 million bushels (8.84 million metric tons) to 415 million by Aug. 31, 2015, which will push world inventories to 85.31 million tons – up from 82.88 million – versus forecasts of 84.69 million. The news sent prices tumbling an additional 1.6 percent to $10.755 a bushel, as prices “headed for a 10th straight loss, the longest streak since July 1973.” (17) U.S. soybean production is also projected higher at a record 3.8 billion bushels, as farmers increase planting area and yields rise to 45.2 bushels per acre. (18) Corn prices fell to a 4-year low of $3.825 a bushel after the USDA raised its domestic stockpile estimate from 125 million bushels to 140 million, as production was forecasted higher at 3.8 billion bushels compared to last month’s estimate of 3.635 billion. Analysts had called for an increase to 3.789 billion bushels. (19)

Precious Metals

Palladium surged to a more than 13-year high of $876 an ounce this week, as demand continues to advance and supply concerns mount due to the recent strike in South Africa and sanctions against Russia. (20) Speculation that the Fed Reserve will keep rates on hold even after completing its bond-buying program in Oct. had gold prices climbing to a nearly 4-month high of $1,345.70 a troy ounce. (21) Gold production in Peru tumbled 24.57 percent year-on-year to 341,727 troy ounces (10,628,916 grams) in May, as silver production rose 7.37 percent to 10,694,270 ounces (332,629 kg). (22)

Other Commodities

According to analysts, Vietnam’s coffee production will fall 4 percent year-on-year to 1.65 million metric tons, while reserves are projected to have fallen from a year-earlier 263,000 tons to a 2-year low of 252,000 tons at the end of June. Declining stockpiles and a smaller crop is expected to boost “futures in London which have climbed 22 percent this year on speculation demand will outstrip supply.” (23) Although the Cocoa Association of Nigeria raised concerns that recent rainfall could increase the spread of blackpod disease, the agency expects production to rise slightly from a year-earlier 295,000 metric tons to 300,000 this year. (24) The cocoa market is projected to experience its third straight shortage this year, with demand outpacing production by 100,000 metric tons or 2.4 percent of total output. The shortfall is expected to push prices up an additional 10 percent by the end of 2014. (25)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.