Bearly News for October 31, 2014

Despite reporting that Q3 earnings matched expectations, Twitter shares tanked this week – dropping more than

U.S. economy expanded an annual pace of 3.5 percent during the third quarter – exceeding forecasts for a growth of

U.S. durable goods orders unexpectedly fell 1.3 percent in Sept. to a seasonally adjusted $241.63 billion, as demand for investment goods made its largest downturn in 8 months with

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

U.S. consumer confidence also made an unexpected advance in Oct. – rising from a reading of 89 to a 7-year high of 94.5 versus forecasts for a decline to 87 – as

A reading on the U.S. service sector fell from a reading of 58.9 to a 6-month low of 57.3 in Oct. – missing forecasts

Although Facebook reported that Q3 revenue climbed 59 percent to $3.2 billion versus forecasts of $3.12 billion, the company’s shares tumbled more than 10 percent this week. The decline came

Ziad Masri shares 7 truly unique trading techniques that have been helping some of his students net 6-figures in as little as

Pfizer’s Q3 profit rose 3 percent to $2.67 billion or $0.57 a share – beating forecasts of $0.55 a share – as sales came in at $12.36 billion versus Wall Street’s projection of $12.24 billion.

The U.S. dollar strengthened against its major counterparts this week, with the Bloomberg Dollar Spot Index hitting a 3-week high of 1,073.85, after a report showed

Brazil’s real climbed 1.7 percent to 2.4214 against the U.S. dollar after the Brazilian Central Bank unexpectedly raised its interest rate to

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by 2.1 million barrels to 379.7 million barrels compared to forecasts for a build of 2.8 million barrels. Gasoline supplies fell

Natural gas storage rose by 87 billion cubic feet to 3.480 trillion cubic feet last week – beating forecasts for a build of 85 billion cubic feet. Supplies now stand 294 billion cubic feet

The International Grains Council raised its global corn production estimate from 974.2 million metric tons to

Wheat rebounded from a 4-year low hit in Sept. – rising 1.5 percent to $5.3075 a bushel – after Agritel called for Australia’s 201/15 harvest to fall to a 5-year low

Market researcher SovEcon called for Russia’s 2015 wheat harvest to fall below 50 million metric tons from the current year’s projection of

China’s gold imports via Hong Kong rose from 25.6 metric tons to a 5-month high of 61.7 tons in Sept., as the National Day holiday boosted jewelry sales

According to the International Monetary Fund, Russia added 37.2 metric tons of gold to its reserves in Sept. – marking the largest stockpile advance since 1998. Holdings now stand at

Trader uncovers a little-known market sector that allowed him to net $1.4 million trading simple

Rice futures continued to decline this week after hitting a 4-year low of $11.375 for 100 pounds

The Cotton Advisory Board expects India’s cotton exports to fall 23 percent year-on-year to 9 million bales in 2014/15. However, analysts are calling for

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 October 24, 2014

Top Stories

Apple’s Q4 profit rose 13 percent to $8.47 billion or $1.42 a share – exceeding forecasts of $1.31 – as revenue jumped 12 percent to $42.12 billion after iPhones sales surged from a year-earlier 33.79 million units to 39.27 million. Analysts had called for revenue to reach $39.88 billion, as new iPhone sales totaled 37.8 million. Shares rose following the announcement. (1) Trader Kirt Christensen reveals how he turned an hour a week into a 6-figure income – read the full story here. IBM shares tanked this week – hitting a more than 3-year low – after the company abandoned its 2015 earnings target and reported that Q3 earnings fell short of expectations. During the quarter, IBM’s net income dropped 18 percent to $3.7 billion or $3.68 a share versus forecasts of $4.31, as revenue tumbled nearly $1 billion to $22.4 billion. (2)

Economic Releases & Statistics

The U.S. index of leading indicators climbed 0.8 percent in Sept. – exceeding forecasts for a gain of 0.7 percent – as both an improving labor market and declining gas prices boosts household wealth. (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. As expected, U.S. consumer prices rose just 0.1 percent in Sept. – bringing the year-on-year advance to 1.7 percent – as gas prices dropped 1 percent and airfare 0.5 percent. (4) U.S. existing home sales climbed 2.4 percent in Sept. to reach a seasonally adjusted 1-year high of 5.17 million, as interest rates fall to near historic lows and better job growth boosts consumer confidence. Economists had called for a gain of just 1 percent. (5) China’s economy expanded at its slowest pace in 5 years during the third quarter – rising just 7.3 percent versus the government’s target of 7.5 percent – as real estate investment and consumer spending slowed. (6) The eurozone’s purchasing managers’ index unexpectedly rose from a reading of 52 to 52.2 in Oct. compared to forecasts for a decline to 51.5, as Germany’s manufacturing sector improved. (7)

Stocks & Earnings

Coca-Cola’s Q3 net income dropped 14 percent to $2.1 billion or $0.48 a share, as sales fell from $12 billion to $11.98 billion year-on-year. On an adjusted basis, the company earned $0.53 a share – matching forecasts. The results sent shares down more than 6 percent. (8) Trader shares his revolutionary day trading strategy that has allowed some of his students to take in profits of over $100,000 in a single month – sign up for this free webinar event here. Caterpillar raised its full-year outlook by $0.30 a share to $6.50 a share after reporting that Q3 earnings rose to $1.72 – surpassing forecasts of $1.35 – as sales advanced to $13.5 billion versus Wall Street’s projection of $13.2 billion. The news sent shares climbing more than 7 percent. (9) Yahoo’s Q3 earnings climbed to $9.4 billion after netting $6.3 billion for the sale of 140 million Alibaba shares. Even excluding the sale, the company’s net income still jumped 52 percent to $543 million or $0.52 a share – handily beating forecasts of $0.32 – as revenue rose to $1.1 billion. Shares rallied following the announcement. (10)

Global Currencies

The U.S. dollar jumped 1.1 percent to 108.27 yen this week after the U.S. reported that unemployment claims held near a 14-year low. The 6-day rally, “which has boosted the dollar 2.2 percent, is the longest since a seven-day streak ended Aug. 26.” (11) Unease over an upcoming stress test on eurozone banks had the euro falling on Friday – dropping 0.1 percent to 78.85 pence and 0.1 percent to 136.94 yen after previously hitting a 2-week low of $1.2614 against the U.S. dollar. (12) Brazil’s real fell to a nearly 6-year low of 2.50 against the U.S. dollar this week, as data showed that President Dilma Rousseff led in voter polls. (13) Concerns that a rate increase could weigh on recent momentum in the economy, the Bank of Canada held its key interest rate unchanged and in line with forecasts at a record-low 1 percent this week. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies surged by 7.11 million barrels to 377.7 million barrels last week compared to forecasts for a build of 3 million barrels. (15) The larger-than-expected build sent crude oil prices tumbling 2.4 percent to a 2-year low of $80.52 a barrel. (16) Gasoline supplies dropped 1.3 million barrels to 204.4 million barrels – matching forecasts. Distillates unexpectedly rose 1.05 million barrels to 125.7 million versus to forecasts for a draw of 1.5 million barrels. (17)

Natural gas storage rose by 94 billion cubic feet to 3.393 trillion cubic feet last week – missing forecasts for a build of 98 billion cubic feet but exceeding the 5-year average of 70 billion cubic feet. Natural gas prices dropped 1 percent to an 11-month low of $3.622 per million British thermal units following the report. (18)

Grains & Field Crops

According to the USDA’s weekly crop report, an estimated 53 percent of the domestic soybean crop was completed as of last week – marking the second slowest pace in 20 years – as rain hampered progress. The advance is also well below the 5-year average of 66 percent. The domestic corn harvest stood at a completion rate of just 31 percent compared to the 5-year average of 53 percent. (19) The report had soybean futures climbing 1.26 percent to $9.7575 a bushel and corn futures rallying 2.23 percent to a 7-week high of $3.5860 a bushel. (20) Afghanistan is expected to produce a larger than an average wheat harvest this year, with output to reach a near record of 5.1 million metric tons, as favorable weather conditions boosts yields. (21)

Precious Metals

Gold prices rose to a 6-week high of $1,250 an ounce this week, as poor economic data out of China added to safe-haven demand and broad-based commodities rose. (22) According to China’s 2014 Gold yearbook, Chinese gold demand came in at 2,199 tonnes, while imports rose to 1,524 tonnes, in 2013 – handily beating all other projections. The World Gold Council had reported demand at 1,066 tonnes, while China’s own Gold Association had reported just 1,176 tonnes. (23)

Other Commodities

Arabica coffee futures plummeted 5.3 percent to $1.99 a pound this week following reports that some areas of Brazil will receive up to 2.5 inches of rain. (24) U.S. orange juice retail sales fell 9 percent in the 4-week period ending Sept. 27 – bringing the final 2013/14 decline to 6.4 percent – as prices rose 1.5 percent to an average of $6.29 a gallon. Forecasts call for Florida’s orange crop to fall an additional 3-5 percent during the 2014/15 season from 2013/14’s final output of just 104.6 million boxes. (25) California’s 2014/15 orange crop is projected to rise just 1 percent to 101 million boxes, with Valencia output falling 9 percent to 20 million boxes and Navel rising 4 percent to 81 million. (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 October 17, 2014

Top Stories

Apple shares fell this week – dropping 1.3 percent to $96.26 – as the unveiling of the new iPad Mini 3 and the iPad Air 2 failed to excite investors. (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. Netflix shares tumbled more than 26 percent, or $117.59, to $331.00 a share this week after the company reported that subscriber growth failed to meet projections – adding 3 million new worldwide subscribers versus forecasts for an increase of 3.7 million. (2)

Economic Releases & Statistics

For the first time since Jan., U.S. retail sales fell – dropping 0.3 percent in Sept. versus forecasts for a downturn of just 0.1 percent – as sales at auto dealers, furniture stores, building-supply outlets, and clothing merchants all declined. (3) The U.S. producer-price index unexpectedly dropped 0.1 percent in Sept. – marking the first decline in more than a year – as fuel costs tumbled to a 4-year low. Economists were anticipating an increase of 0.1 percent. (4) U.S. industrial production made its largest advance since Nov. 2012– rising 1 percent in Sept. versus forecasts for a gain of 0.4 percent – as utilities surged by the most since May 2012 and manufacturing rebounded 0.5 percent. (5) Germany cuts its economic growth forecasts for both 2014 and 2015 – reducing this year’s estimated from a growth of 1.8 percent to 1.2 percent and next year from 2 percent to 1.3 percent – as political tensions rise and Eurozone growth remains stagnant. (6) The U.K. unemployment rate fell from 6.2 percent to a 6-year low of 6 percent during the third quarter, as employment rose 46,000 to a record 30.8 million and unemployment dropped 154,000 to a 2008 low of 1.97 million. Economists called for a smaller decline to 6.1 percent. (7)

Stocks & Earnings

Goldman Sachs’ Q3 profit soared 48 percent to $2.24 billion or $4.57 a share – exceeding forecasts of $3.21 – as revenue jumped 25 percent to $8.39 billion. (8) Trader provides proof how his new revolutionary day trading strategy has consistently been turning losing traders into super traders, with profits of over a $100,000 a month – read the full story here. Johnson & Johnson’s Q3 profit jumped 59 percent to $4.75 billion, as pharmaceutical sales climbed 18 percent to $8.3 billion. On an adjusted basis, the company earned $1.50 a share – topping Wall Street’s projection of $1.45. (9) JP Morgan returned to a profit during the third quarter – earning $5.6 billion versus a year-earlier net loss of $380 million – as revenue rose 5 percent to $24.2 billion. On an adjusted basis, JP Morgan earned $1.36 a share – missing forecasts of $1.38 – as the bank took on an unexpected $1 billion in legal fees. (10) Citi’s Q3 profit jumped 13 percent to $3.67 billion or $1.15 a share – easily beating forecasts of $0.03 a share – as revenue climbed 10 percent to a record $19.97 billion compared to estimates of $19.02 billion. The better-than-expected results sent shares up 2.5 percent. (11)

Global Currencies

The U.S. dollar dropped to a 3-week low of $1.2885 against the euro this week, while tumbling to a 1-month low of 105.21 against the yen, as poor economic data out of the U.S. added to speculation that the Fed Reserve will hold off on a rate increase. (12) During a live trading event, trader Kirt Christensen explains how he turned 100,000 into $1.4 mil using a little-known market sector – read the full story here. The euro fell to an 11-month low of 134.36 against the yen this week, as “euro zone peripheral bonds came under pressure and as global growth worries sent investors in search of refuge.” (13) The yuan climbed to a 7-month high of 6.1209 against the U.S. dollar this week – marking the currency’s second weekly advance – after a government report showed that exports out of China rose to a 20-month high. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies surged 8.9 million barrels to 370.6 million barrels last week versus forecasts for a build of just 2.2 million barrels. Gasoline supplies fell more than anticipated – dropping 4 million barrels to 205.7 million barrels compared to forecasts for a draw of 1.4 million barrels. Distillates fell by 1.5 million barrels to 124.6 million versus to forecasts for a larger decline of 1.7 million barrels. (15)

Natural gas storage rose by 94 billion cubic feet to 3.299 trillion cubic feet last week – exceeding forecasts for a build of 89 to 92 billion cubic feet. Supplies now stand 9.4 percent lower year-on-year and 9.9 percent below the 5-year average. (16)

Grains & Field Crops

According to the USDA’s crop progress report only 24 percent of the domestic corn harvest had reached completion by the end of last week, which is nearly 20 percent below the average completion rate for this time of year. However, soybean progress more than doubled last week – rising from 20 percent to 40 percent. (17) The Eurozone’s wheat harvest is expected to rise 7.4 percent year-on-year to 155.3 million metric tons – exceeding the USDA’s previous projection of 153.98 million tons – while corn production is expected to jump 15.3 percent to an all-time high of 72.79 million tons. Wheat production in the U.K. is estimated to climb 38 percent year-on-year to 16.42 million tons. (18) Australia’s wheat production estimate was reduced from a previous forecast of 25 million metric tons to 22.3 million tons, as hot and dry weather continues to hurt yields. Forecasters speculate that a further reduction could take place should the conditions continue. (19)

Precious Metals

In Sept., India’s gold imports surged 450 percent year-on-year to an all-time high of $3.75 billion. As a result, the trade deficit advanced at its fastest pace in 18 months – rising from $10.84 billion to $14.25 billion month-on-month – which provided further initiative for the Indian government to maintain its curbs on gold. (20) For the first time in 18-months, platinum prices fell below the price of gold – dropping 1.8 percent to $1,239.13 an ounce versus gold’s price of $1,242.97 an ounce – as concerns rose that sluggish economic growth will weigh on demand. (21) Societe Generale cut its platinum price forecast for both this year and next – reducing its 2014 estimate from $1,450 an ounce to $1,410 and 2015 from $1,500 an ounce to $1,450. The agency also reduced its 2014 palladium projection from $835 an ounce to $810 and 2015 from $950 to $920. (22)

Other Commodities

A Brazilian crop forecasting agency raised its 2014/15 coffee production estimate by 570,000 60kg bags to 45.14 million bags. Despite the increase, output still remains at a 2011/12 seasonal low. According to the International Coffee Organization, world production reached 145.2 million bags during the 2014/15 season, with consumption totaling 145 million bags. (23) According to Brazil’s Ministry of Agriculture, Livestock Production, and Supplies, cocoa output will tumble 15.7 percent over the next 10 years to just 216,000 metric tons – down from last year’s estimate of 243,000 tons – as harvest area falls 1 percent. (24) Positive weather conditions throughout the Ivory Coast will have the region producing 1.6 million tonnes of cocoa during the 2014/15 season. (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 October 10, 2014

Top Stories

Sears shares tumble 15 percent on Wednesday as news broke that vendors were slowing or canceling shipments leading up to the holiday season. (1) Shares continued their downward slide on Friday – dropping an additional 2.88 percent to $7.42 – after Maxim Group downgraded the company’s shares from “hold” to “sell” – stating that even the department store’s lowered Q3 sales outlook was too optimistic. (2)

Trader uncovers a little-known market sector that allowed him to turn 100,000 into $1.4 million in less than an hour a week – read the full story here. For the third time this year, the International Monetary Fund cut its world economic growth forecasts – reducing this year’s estimate from a growth of 3.4 percent to 3.3 percent and next year from 4 percent to 3.8 percent – as growth in the euro zone, Japan, Brazil, and Russia deteriorates. (3)

Economic Releases & Statistics

U.S. job openings climbed from 4.61 million to a 13-year high of 4.84 million in Aug. – beating forecasts of 4.7 million openings – as the hiring rate fell from 3.6 percent to 3.3 percent. (4) U.S. retail sales over the holiday season are expected to rise by the most in 3 years – jumping 4.1 percent to $617 billion – as a more optimistic view on the labor market boosts consumer sentiment. Online sales are projected to rise 11 percent to $105 billion. (5) The U.K. economy grew just 0.7 percent during the third quarter – down from a Q2 advance of 0.9 percent – as manufacturing output slowed. (6) However, despite the slowdown, growth on a year-on-year basis still stands 3.1 percent higher. (7) Germany’s leading economic institutes cut their economic growth forecast for both this year and next – reducing this year’s estimate from 1.9 percent to just 1.3 percent and next year from 2 percent to 1.2 percent – calling for increased government spending. (8)

Stocks & Earnings

PepsiCo’s Q3 profit rose 5 percent to $2.01 billion or $1.32 a share, as total revenue jumped 2 percent to $17.22 billion on strong overseas sales. Adjusted earnings of $1.36 a share beat forecasts of $1.29 – sending shares to an all-time high of $95.52. (9) 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. Costco shares climb to a record high of $128.95 after reporting better-than-expected Q4 results. (10) Net income for the quarter rose 13 percent to $697 million or $1.58 a share – surpassing forecasts of $1.52 – as same-store sales advanced 7 percent. (11) Alcoa’s Q3 income, excluding 1-time items, surged 70 percent to $370 million or $0.31 a share – easily exceeding forecasts of $0.21 – as revenue jumped 8.2 percent to $6.2 billion on higher aluminum prices. (12) Following the results, Alcoa’s shares climbed 2 percent to $16.42 – bringing the company’s year-to-date advance to 50 percent. (13)

Global Currencies

The U.S. dollar fell to a 3-week low of 107.53 against the yen this week, as “investors pushed back bets for when the Federal Reserve will increase interest rates.” (14) For a limited time, trader shares how he uses weekly options to create a solid weekly income – gain free access to this live web event here. The Bank of England held its key interest rate at a record-low 0.5 percent this week, on signs that global economic growth may be losing momentum. (15) In an attempt to stimulate the economy, Poland’s central bank unexpectedly cut its benchmark rate from 2.5 percent to 2 percent. Economist had expected the rate to remain unchanged. (16) The Reserve Bank of Australia held its key rate unchanged and in line with forecasts at a record-low 2.5 percent, as economic growth remains moderate. (17)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by a larger-than-anticipated 5 million barrels to 361.7 million barrels compared to forecasts for a build of 2 million barrels. Gasoline supplies unexpectedly rose by 1.18 million barrels to 209.7 million barrels versus forecasts for a draw of 500,000 barrels. Distillates also made an unexpected advance – rising 439,000 barrels to 126.1 million versus to forecasts for a draw of 1.25 million barrels. (18)

Natural gas storage rose by 105 billion cubic feet to 3.21 trillion cubic feet last week – missing forecasts for a build of 108 billion cubic feet. Supplies now stand 10.1 percent lower year-on-year and 10.5 percent below the 5-year average. (19)

Grains & Field Crops

In its most recent WASDE release, the USDA raised its domestic corn production estimate from 14.395 billion bushels to a record 14.475 billion bushels, as positive weather conditions sends yields up from a previous forecasts of 171.7 bushels an acre to 174.2 bushels. (20) Soybean production is also forecasted higher at a record 3.927 billion bushels, as yields rise to a record 47.1 bushels an acre. (21) The agency unexpectedly reduced its world wheat stockpile projection by 1.9 percent – calling for inventories to reach 192.59 million metric tons by the start of the 2015 season. Analysts had called for stockpiles to rise from a previous estimate 196.38 million tons to 196.49 million. (22) Cotton prices have tumbled 23 percent this year, hitting a 5-year low, and are expected to plunge an additional 16 percent to $0.54 a pound, as domestic production climbs 28 percent to a 2-year high of 16.54 million bales and China reduces imports due to their own record harvest of 62.91 million bales. (23)

Precious Metals

After falling to a current-year low of $1,183.24 an ounce, gold rebounded to hit a 3-week high of $1,225.30 an ounce after Fed Reserve minutes “revealed officials were worried that weak overseas growth and a strong dollar could hamper the U.S. economic recovery” – adding to bets that an early hike in U.S. interest rates would be unlikely. (24) However, despite the rally, BMO Capital Markets lowered its gold price forecasts for both 2015 and 2016 – cutting 2015’s estimate from $1,275 to $1,190 an ounce and 2016 from $1,250 to $1,238 an ounce. (25)

Other Commodities

Coffee prices soared nearly 9 percent to a 2-1/2 year high of $2.29 a pound this week, as forecasts out of Brazil call for dry conditions to continue – further damaging crops. (26) According to the National Coffee Council, production will fall as much as 18 percent to 40.1 million bags this year. (27) Coffee output in Vietnam is expected to rise from a previous forecast of 1.65 million metric tons to a near-record of 1.69 million tons in the 12 months started Oct. 1, as favorable weather boosts yields. Last year’s harvest came in at an all-time high of 1.71 million tons. (28) Ivory Coast cocoa output is expected to exceed last season’s record of 1.74 million tons – hitting a new record of 1.8 million metric tons – as positive weather continues to aid production. (29)

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 October 3, 2014

Top Stories

After announcing plans to split from its mobile payment unit PayPal – creating two independent public trading companies – EBay’s shares climbed more than 7 percent. (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. Economists cut their 2014 U.S. economic growth forecast for both the third and fourth quarter, with Q3 reduced from a growth of 3.1 percent to 3.0 percent and Q4 from 3.2 percent to 3.1 percent, “following an extremely volatile first half of the year.” (2)

Economic Releases & Statistics

U.S. consumer spending climbed 0.5 percent in Aug. – beating forecasts for a gain of 0.4 percent – as employment gains helped to boost household incomes. (3) Pending home sales in the U.S. fell by a seasonally adjusted 1 percent to a reading of 104.7 in Aug. – exceeding forecasts for a decline of 0.5 percent – as home prices continued to rise. (4) U.S. consumer confidence fell from a 7-year high of 93.4 to a 4-month low of 86 in Aug., as consumer optimism in regard to the labor market waned. Economists had anticipated a much smaller decline to 92.5. (5) Economic growth in the U.K. advanced at its fastest pace in 9 months during the second quarter – rising 0.9 percent versus forecasts for a gain of 0.8 percent – as wages and salaries increased 1.9 percent. On a year-on-year basis, GDP was up 3.2 percent – matching forecasts. (6) Canada’s economy unexpectedly stalled during the third quarter – remaining flat versus forecasts for a growth of 0.3 percent – as electricity, oil, and mining production declined. On an annualized basis, GDP rose just 2.5 percent compared to forecasts for a gain of 2.8 percent. (7)

Stocks & Earnings

Following the unveiling of 3 new cameras this week, GoPro shares climbed nearly 11 percent to close at $90.94 a share. (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. Einstein Noah Restaurant shares soared 50.4 percent to $20.14 a share this week after announcing plans to buy JAB Holding for $374 million – a 47 percent premium over the stock’s 3-month average trading price. (9) After announcing plans to be bought out by Vista Equity Partners for $4.3 billion, Tibco Software shares jumped 21.4 percent to $23.65. The sale will mark the largest U.S. technology acquisition of the year. (10) Walgreen reported a Q4 net loss of $239 million or $0.25 a share, after accounting for $0.90 a share “non-cash loss related to its strategic partner Alliance Boots call option amended and exercised during the quarter.” On an adjusted basis, the drug store earned $0.74 a share – matching forecasts. (11)

Global Currencies

The dollar jumped to a 4-year high of 85.914 this week against a basket of currencies, while hitting a 2-year high against the euro as it heads for its largest quarterly advance in 6-years. (12) The European Central Bank held its key interest rate unchanged at a record-low 0.5 percent, as traders wait for President Mario Draghi to reveal details of a plan to buy private-sector assets. The move was anticipated by analysts. (13) Later in the week, the euro made its largest advance in 5-months – climbing 0.6 percent to $1.2692 against the U.S. dollar – after “the European Central Bank failed to provide details on the size of a plan to buy private securities.” (14) A report showing that economic growth in Canada remained flat during the third quarter sent the loonie to a 6-month low of C$1.1220 against the U.S. dollar. (15) After news broke that Russia’s central bank is weighing whether to impose capital controls, the ruble tumbled to a record-low of 44.52 rubles against the bank’s target basket of U.S. dollars and euros. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly fell by 1.4 million barrels to 356.6 million barrels last week compared to forecasts for a build of 1 million barrels. Gasoline fell 1.8 million barrels to a 2-year low of 208.5 million barrels versus forecasts for a draw of 1.3 million barrels. Distillates dropped by 2.9 million barrels to 125.7 million, while analysts forecasted a draw of 625,000 barrels. (17)

Natural gas storage rose by 112 billion cubic feet to 3.1 trillion cubic feet last week – exceeding forecasts for a build of 107 billion cubic feet. Supplies are 10.7 percent lower year-on-year and 11.4 percent below the 5-year average. (18) The larger-than-anticipated increase had natural gas futures tumbling 2 percent to $3.934 per million British thermal units. (19)

Grains & Field Crops

According to the USDA, domestic corn stockpiles stood at 1.236 billion bushels as of Sept. 1 – exceeding the agency’s initial estimate of 1.181 billion and forecasts of 1.191 billion. The report sent corn futures to a 5-year low of $3.195 a bushel. Corn finished the month down 12 percent – marking the 5th straight monthly decline and the lonely slump in more than a year. (20) Soybean futures rebounded from a 4-year low of $9.04 a bushel to close at $9.1675 on increased speculation that demand out of the world’s top consumer, China, will rise. The USDA expects imports to rise 7.2 percent to 74 million metric tons in the next year. (21) As the Ukraine’s harvest season nears an end, estimates call for the total grain harvest to come in at 61.6 million tons, with total wheat at 23.38 million tons, corn at 27.2 million tons, and soybeans at 2.8 million tons. Ukraine is expected to export 28 million tons of grain during the marketing year. (22)

Precious Metals

A strengthening U.S. dollar had gold prices falling to a 9-month low of $1,204.40 an ounce this week – bringing the metal to stand down 5.5 percent for the month and 9 percent for the quarter to mark the first quarterly decline of the year. (23) The strength of the dollar also weighed on platinum – sending the metal to a 5-year low of $1,284.25 an ounce. Platinum finished the third quarter down 12 percent and is down 6.3 percent for the year. The quarterly decline marks the largest downturn in more than a year. (24)

Other Commodities

The U.S. hog herd rose by the most in 13 years in the 3 months ended Sept. 1 – climbing 6.1 percent from an 8-year low to reached 65.361 million head – as corn and soybean prices fall on record crops and pork and bacon prices rise to an all-time high – boosting profit margins. (25) Arabica-coffee prices jumped to a 5-month high of $2.1375 a pound this week, as “a Brazil drought that already shrunk this year’s crop and sent prices up almost 90 percent in 2014 is threatening next season’s output.” (26) Cocoa futures fell by the most in 2 years – dropping 3.9 percent to $3,288 a metric ton – as the Ivory Coast raised the minimum price paid to farmers from 750 francs a kilogram to 850 francs and analysts estimated that production reached a record 1.74 million metric tons in the season ended Sept. 30. (27)

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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 September 26, 2014

Top Stories

Apple announced that it sold a record 10 million new iPhones over opening weekend – topping last year’s iPhone 5s and iPhone 5c release which topped 9 million devices. Pre-orders alone exceeded 4 million in just the first 24 hours. (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. CyberArk Software’s shares soared as much as 69 percent during its U.S. trading debut this week after pricing its IPO above the top-end range to raise $85.8 million. (2)

Economic Releases & Statistics

U.S. durable goods orders tumbled by a record 18.2 percent to a seasonally adjusted $245.43 billion in Aug. – exceeding forecasts for a decline of 17.5 percent – as aircraft demand dropped 74.3 percent after surging in July. (3) New home sales in the U.S. surged 18 percent in Aug. to a 6-year high of 504,000 units – exceeding forecasts for an annual pace of 430,000 units – as sales in the Western U.S. soared 50 percent. (4) U.S. manufacturing activity remained unchanged in Sept. – holding at a nearly 4-1/2-year high of 57.9 – as factory employment soared. Economists expected a slight rise to 58. (5) Manufacturing in China unexpectedly rose from a reading of 50.2 to 50.5 in Aug. versus forecasts for a decline to 50, as new export orders and overall new orders both made better-than-expected gains. (6) German business confidence fell for the 5th straight month in Sept. – dropping from a reading of 106.3 to a 17-month low of 104.7 – as political and economic risks in the Eurozone rise. Economists had projected a smaller decline to 105.8. (7)

Stocks & Earnings

Clorox shares climbed nearly 8 percent to a 1-year high of $98.31 this week after the company reported that it would be discontinuing its Venezuela operations and will look to get rid of its assets as the business is no longer viable. (8) Carnival’s Q3 profit jumped 34 percent to $1.25 billion, as a 10 percent increase in onboard spending sent sales up 4.7 percent to $4.9 billion. On an adjusted basis, the company earned $1.58 a share compared to forecasts of $1.44. Carnival also raised its full-year guidance from $1.75 a share to between $1.84 and $1.88. (9) Shares rose following the news. (10) CarMax’s Q2 profit rose 10 percent to $154.5 million, as higher transaction fees sent revenue up 11 percent to $3.6 billion. However, excluding one-time items, the company earned just $0.64 a share versus forecasts of $0.67 – sending shares down more than 9 percent. (11)

Global Currencies

As a brightening U.S. economic outlook raises bets that the Fed Reserve will raise interests rate before its major peers had the Bloomberg Dollar Spot Index rising 0.3 percent to a 4-year high of 1,063.09 this week. (12) 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 euro dropped to a 14-month low of $1.2774 against the U.S. dollar this week, after data showed that business confidence in Germany made a larger-than-expected downturn. (13) Bets that the Bank of England will raise interest rates in the near term following increased stimulus from the euro zone had the pound rising to a 2-year high of 77.85 pence against the euro. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly declined 4.3 million barrels to 358 million barrels last week compared to forecasts for a build of 1 million barrels. The unexpected downturn had prices up 1.4 percent to finish at $92.80 a barrel. Gasoline supplies also made a surprise downturn – dropping 414,000 barrels to 210.3 million barrels versus forecasts for an increase of 100,000 barrels – sending gas prices up 1.3 percent to $2.6638 a gallon. Distillates rose by 1823,000 barrels to a 1-year high of 128.6 million. Forecasts called for a build of 600,000 barrels. (15)

Natural gas storage rose by 97 billion cubic feet to 2.99 trillion cubic feet last week – missing forecasts for a build of 100 billion cubic feet. Supplies now stand 11.4 percent lower year-on-year and 12.5 percent below the 5-year average. (16)

Grains & Field Crops

Wheat prices climbed the most in 3 weeks – touching $4.8025 a bushel – on bets that import demand will rise after prices tumbled to a 4-year low last week. (17) The International Grains Council raised its 2014/15 world wheat production estimate from 713 million metric tons to a record 717 million tons, after raising its forecast for Germany 4.6 percent to 27.5 million tons, the European Union 2.3 million tons to 153.1 million tons and Ukraine 1.5 million tons to 23 million tons. The IGC also raised its world corn production estimate 0.1 percent to 974 million tons after raising its U.S. projection from 355 million tons to 360 million. (18) Cotton prices dropped a nearly 5-year low of 61.02 cents a pound, after China announced that it would limit imports in 2015 as global glut expands through the next year. According to the USDA global output will top demand for the 5th consecutive year – pushing inventories up 6 percent to a record 106.3 million bales by mid 2015. (19)

Precious Metals

A rising dollar and strong economic data out of the U.S. had gold prices falling to a 9-month low of $1,206.85 an ounce this week. (20) Goldman Sachs’ Jeffrey Currie says gold’s downturn is far from over – projecting an even further decline to $1,050 by the end of the year. (21) The rise in the dollar also had silver falling this week – dropping to a 4-year low of $17.30 an ounce. (22) South Africa’s gauge of platinum-mining stocks fell 3.5 percent to a 14-month low of 39.11 this week, as “the world’s three-biggest producers struggle to recover from a five-month strike and as metal prices retreated.” (23)

Other Commodities

Colombian coffee production is expected to rise from 11.5-12 million bags to a 20-year high of 13 million bags next year, as an estimated 65 percent of coffee trees in the region are now resistant to rust. Vietnam’s output is projected to fall 10 percent to 25 million bags during the 2014/15 season. (24) Sugar prices jumped 3 percent to a 6-week high of 15.06 cents a pound, as “traders and investors worried about less sweetener from top producer Brazil” after data showed mill production up 1.7 percent year-on-year at 23.4 million tons. (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 September 19, 2014

Top Stories

Increased political tensions had the OECD cutting its 2014 economic growth forecast for most major economies this week. The agency reduced its growth projection for the U.S. from 2.6 percent to 2.1 percent, the U.K. 3.2 percent to 3.1 percent, and the Eurozone 1.2 percent to just 0.8 percent. (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. Microsoft announced that it would buy Minecraft maker Mojang for $2.5 billion in an effort to boost its Xbox and mobile businesses. The deal is expected to close by the end of the year, with both Minecraft creators planning to leave the company as soon as the deal is final. The news sent Microsoft’s share higher. (2)

Economic Releases & Statistics

U.S. consumer prices unexpectedly fell 0.2 percent in Aug. – marking the first monthly decline in 16 months – as energy costs tumbled 2.6 percent to mark the largest downturn in 17 months. Economists had called for the index to remain unchanged. (3) U.S. industrial production fell for the first time in 7 months – dropping 0.1 percent versus forecasts for a gain of 0.3 percent, as manufacturing also slowed for the first time in 7 months. (4) U.S. manufacturing output unexpectedly fell in Aug. – declining 0.4 percent compared to forecasts for an increase of 0.1 percent – as auto output tumbled 7.6 percent. (5) Industrial production in China slowed from a growth of 9 percent to a 6-year low of 6.9 percent in Aug. – adding to concerns that the world’s second-largest economy is losing momentum. Economist had called for a smaller decline to 8.8 percent. (6) Increased political tensions in Europe had Germany’s ZEW index on investor confidence falling from a reading of 8.6 to a 21-month low of 6.9 in Sept. Forecasts called for a reading of 4.8. A separate index on current conditions plummeted from a reading of 44.3 to 25.4 in Aug. versus estimates for a reading of 40. (7)

Stocks & Earnings

FedEx Corp’s Q1 profit climbed 24 percent to $606 million or $2.10 a share – exceeding forecasts of $1.96 a share – as revenue rose 6 percent to $11.7 billion versus forecasts of $11.48 billion. The better-than-expected advance came as shipment volume also rose 6 percent. (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. Lennar Corp’s Q3 profit jumped 47 percent to $177.8 million or $0.78 a share – beating estimates of $0.67 a share – as home prices rose 15 percent and orders advanced 23 percent – sending revenue up 26 percent to $2 billion. (9) Following the results, the company’s shares climbed 6 percent to $41.39. (10) ConAgra Foods’ Q1 profit more than tripled from a year-earlier $144.3 million or $0.34 a share to $482.3 million or $1.12 a share, as both costs and expenses fell. On an adjusted basis, the company earned $0.39 a share – exceeding forecasts of $0.35. (11) The better-than-expected results sent shares up more than 3 percent. (12)

Global Currencies

This week the Fed Reserve announced that as long as inflation remains stable they would keep key interest rates near record lows – signaling that a rate increase would be unlikely for at least the next few months. Economists don’t foresee a rate increase until mid-2015. (13) The news sent the U.S. dollar to a 6-year high of 108.96 against the yen. (14) The Swiss National Bank held its key interest rate steady at 0.0 to 0.25 percent on Thursday, while pledging to hold down the value of the franc. The bank also warned that their economic view had “deteriorated considerably” – reducing its 2014 GDP estimate from a growth of 2 percent to below 1.5 percent. (15) Speculation that Scotland’s bid for independence from the U.K. would be voted against this week had the pound climbing to a 2-year high of 78.54 pence. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly rose 3.7 million barrels to 362.3 million barrels compared to forecasts for a draw of 1.2 million barrels. Gasoline supplies made a surprise downturn – dropping 1.6 million barrels to 210.7 million barrels versus forecasts for inventories to remain unchanged. Distillates rose by 279,000 barrels to 127.8 million barrels. Forecasts had called for a larger build of 400,000 barrels. (17)

Natural gas storage rose by 90 billion cubic feet to 2.891 trillion cubic feet last week – exceeding the 5-year average for a build of 71 billion cubic feet. The advance was in line with expectations. Supplies stand 401 billion cubic feet lower year-on-year and 444 billion cubic feet below the 5-year average. (18)

Grains & Field Crops

Corn prices fell to a 4-year low of $3.3575 a bushel this week, as forecasts called for global production to climb to an all-time high of 987.5 million metric tons during the 2014/15 season. The grain has tumbled 26 percent for the year. (19) Wheat also fell to a 4-year low – hitting $4.91 a bushel – as estimates called for global output to rise to a record 719.95 million tons. For the year, wheat stands down 24 percent. (20) Drought conditions had Australia lowering its wheat production forecast from 24.6 million tons to 24.2 million tons, with exports projected lower at 18.1 million tons versus a previous estimate of 18.7 million. (21)

Precious Metals

Gold prices fell 1.6 percent to a more than 8-month low of $1,216.60 an ounce this week, as the Fed Reserve announced that it would leave interest rates on hold for a considerable time after ending its bond-buying program. Platinum dropped to a nearly 9-month low of $1,347.31 an ounce. (22) The Fed’s decision had silver falling to a 14-month low of $18.53 an ounce, with money managers reducing bullish bets by 95 percent. However, since mid-July ETP holdings have advanced 1.5 percent to reach a nearly 1-year high of 19,898.8 metric tons. (23)

Other Commodities

Brazil’s 2014/15 coffee production estimate was raised slightly from a previous estimate of 44.57 million 60-kg bags to 45.14 million, as robusta output rises from 12.33 million bags to 13.03 million. However, compared to last season, Brazil’s coffee harvest will still come in 8.16 percent lower, as arabica output falls 16.1 percent to 32.1 million bags following the worst drought in decades. (24) Nigeria’s cocoa production came in at 240,000 metric tons this season and is expected to climb to 800,000 tons a year over the next couple years, as farmers are supplied with better-yielding seeds. Ghana produced 920,000 tons this season, while Ivory Coast produced 1.73 million tons. (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 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)

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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 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.