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)

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 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.

Bearly News for July 3, 2014

Top Stories

During the second quarter, both the S&P 500 and the Nasdaq posted their sixth straight quarterly advance – marking the longest run of quarterly gains for the S&P since 1998 and since 2000 for the Nasdaq – while the Dow Jones posted its fifth advance in the last six. For the quarter, the S&P climbed 4.7 percent, the Nasdaq 5 percent, and the Dow 2.2 percent. So far for the year, the S&P is up 6.1 percent, the Nasdaq 5.5 percent, and the Dow 1.5 percent. (1) 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.

Economic Releases & Statistics

U.S. manufacturing eased in June, with the Institute for Supply Management’s purchasing managers index unexpectedly falling from 55.4 to 55.3 compared to forecasts for an increase to 55.8, as the production index fell from a reading of 61 to 60. (2) Top trading school releases a new technique that allows traders to make money even in bear markets – get the free download here. U.S. pending sales of existing homes rose by the most in 4 years – climbing 6.1 percent in May to an 8-month high of 103.9 compared to forecasts for a gain of 1.5 percent – as borrowing costs declined, consumers received easier access to credit and the job market continued to improve. (3) Canada’s economy expanded just 0.1 percent in April versus forecasts for an increase of 0.2 percent, as output in goods-producing industries fell 0.3 percent. On an annual basis, the economy grew 2.1 percent – missing forecasts of 2.3 percent. (4) Eurozone inflation remained well below the European Central Bank’s target of just below 2 percent in June – holding at a 4-year low of 0.5 percent – as private sector lending continues to decline. (5)

Stocks & Earnings

GoPro shares continued to surge this week – climbing “over 100 percent from its top-of-the-range IPO price” of $24 a share. (6) During a tell-all event, Trader Kirt Christensen reveals a new weekly options system that is allowing him to trade only optimal, high probability trades – read the full story here. Constellation Brands’ shares surged after the adult-beverage maker reported that Q1 earnings rose from $0.38 a share to $1.07 a share year-on-year – beating forecasts of $0.93 – as sales soared to $1.5 billion with the acquisition of Grupo Modelo beer brands. (7) Netflix shares jumped more than 6 percent on Tuesday after Goldman Sachs upgraded the streaming service’s stock to “buy,” while raising the price target from $380 to $590 – a 34 percent premium over Monday’s closing price of $440. (8)

Global Currencies

The Canadian dollar fell from a 5-month high of C$1.0658 per U.S. dollar on Monday – ending a 4-day rally – after a government report showed that the economy expanded at just half the rate anticipated by economists. (9) The Bloomberg Dollar Spot Index, which tracks the U.S. dollar against 10 major currencies, rebounded from an 8-week low of 1,002.25 after data showed that the U.S. private sector added a better-than-expected 281,000 jobs in June. (10) With economic data continuing to remain mixed, the Reserve Bank of Australia decided to leave its key interest rate unchanged at a record-low 2.5 percent this week. The move was anticipated by economists. (11)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies sank 3.2 million barrels to 384.9 million barrels. Analysts had called for a smaller draw of 2 million barrels. Gasoline supplies fell by 1.2 million barrels – exceeding forecasts for a decline of 750,000 barrels. Distillates increased more than expected – advancing 1 million barrels versus forecasts for a build of 250,000 barrels. (12)

Grains & Field Crops

Soybeans fell to a 2011 low of $11.465 a bushel this week after a report from the USDA showed that domestic plantings will climb 11 percent year-on-year to an all-time high of 84.8 million acres. Stockpiles were also projected high than anticipated at 405 million bushels as of June 1 versus forecasts of 382 million. (13) Corn fell to an almost 6-month low of $4.20 a bushel after the same USDA report showed that inventories jumped 39 percent year-on-year to 3.85 billion bushels compared to forecasts of 3.72 billion. (14)

Precious Metals

Platinum broke through the $1,500 an-ounce mark this week – climbing to a 10-month high of $1,511 an ounce – as supply concerns persisted despite the 5-month long mining strike in South Africa coming to an end last week. (15) U.S. silver production advanced 4 percent in March – up from a year-earlier 2,845,341 troy ounces to 2,957,868 oz, while Q1 production rose from 8,391,334 oz to 8,809,304 oz. Gold production fell however – dropping from 601,218 oz to 585,143 oz. On a quarterly basis, gold output fell only slightly to 1,729,710 oz. (16)

Other Commodities

Brazil’s National Coffee Council reported that 35 to 40 percent of the 2014 harvest had been completed. The agency also maintained its crop forecast of between 40.1 million and 43.3 million 60-kilogram bags for the season – down from a year-earlier 49.2 million bags – as many coffee-producing regions were plagued by severe drought conditions throughout the beginning of the year. (17) U.S. orange-juice sales dropped 6.9 percent year-on-year to a 12-year low of 36.99 million gallons, as demand continues to be hurt by increased competition and higher retail prices. The news had frozen concentrated orange juice futures falling 6 percent to $1.4865 a pound – marking the largest weekly-downturn in 8 months. (18)

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 June 27, 2014

Top Stories

The U.S. economy shrank by the most in 5 years during the first quarter – dropping at an annualized rate of 2.9 percent versus forecasts of 1.8 percent – as consumer spending made its smallest advance in 5 years with an increase of just 1 percent. The Commerce Department had previously estimated a decline of 1 percent. The downward revision marks the largest on record. (1) Trader reveals how in one week or less and in any market conditions traders are making a profit of up to 15 percent every week – read the full story here. GoPro shares surged more than 30 percent during the company’s IPO on Thursday – finishing the day at $31.34 after opening at a 19 percent premium over the $24 a share price tag set by the company on Wednesday. The portable video camera maker sold 17.8 million shares – raising nearly $430 million. (2)

Economic Releases & Statistics

New home sales in the U.S. climbed 18.6 percent to a 6-year high of 504,000 units in May, as mortgage rates begin to stabilize. Economists had called for a seasonally adjusted annual rate of 440,000 units. (3) U.S. consumer confidence jumped from 82.2 to a 6-year high of 85.2 in June – exceeding expectations for a reading of 83.5 – as strong employment growth lifted optimism. (4) U.S. durable goods orders fell by a seasonally adjusted 1 percent in May, as military spending tumbled 31 percent. Economists had called for orders to remain flat after rising 0.8 percent in April. (5) China’s manufacturing PMI rose from 49.4 to 50.8 in June – beating forecasts of 49.7 – as the gauge swung from contraction to growth for the first time in 7 months. (6) Germany’s Ifo business confidence index fell from 110.4 to the lowest level of the year at a reading of 109.7 in June, as “concern grew among companies in Europe’s largest economy that tensions in Ukraine and Iraq would hurt their business.” Forecasts had called for a smaller decline to 110.2. (7)

Stocks & Earnings

Micron Technology’s Q3 profit jumped from $43 million or $0.04 a share to $806 million or $0.68 a share year-on-year, as revenue surged 72 percent to $3.98 billion. An adjusted earnings of $0.79 a share topped forecasts of $0.70. (8) Open Trader’s Ziad Masri shares 7 truly unique trading techniques that have been helping some of his students net 6-figures in as little as one month – read the full story here. Walgreens’ Q3 profit rose 16 percent to $722 million or $0.75 a share, as revenue climbed 6 percent to $19.4 billion. However, an adjusted earnings of $0.91 a share missed forecasts of $0.93. (9) The results sent shares down 3 percent. (10) Despite reporting that Q4 net income rose 10.4 percent to $404.6 million or $0.65 a share, General Mills Inc’s adjusted earnings of $0.67 a share missed forecasts of $0.72, as net sales fell 2.8 percent to $4.41 billion versus estimates of $4.42 billion. (11) The news had shares falling more than 4 percent. (12)

Global Currencies

Poor economic data out of the U.S. had the dollar falling to a 7-week low against a basket of major peers this week, with the Bloomberg Dollar Spot Index dropping to 1,006.35. (13) Traders go beyond “buy and hold” in order to make money regardless of market conditions with a download that is being given away free by a top U.S. trading school – read the full story here. The pound headed for its longest stretch of quarterly gains since 2007 – advancing 2.2 percent since March to stand at $1.7028 against the U.S. dollar – as upbeat economic data out of the U.K. added to speculation that the Bank of England will raise interest rates in the near term. (14) The New Zealand dollar’s trade-weighted index rose to an all-time high of 81.71 on Friday, as investors took advantage lower interest rates in a higher yielding market. (15) The kiwi is up 6.6 percent for the year. The Australian dollar has rebounded from a 13 percent downturn in 2013 to climb 5.4 percent so far this year, as the economy continues to benefit from central bank policies. The currency currently stands at 94.09 U.S. cents. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly rose by 1.7 million barrels to 388.1 million barrels last week. Analysts had called draw of 2 million barrels. Gasoline inventories increased less than expected – advancing 0.7 million barrels to reach 215 million barrels compared to forecasts for a build of 1.4 million barrels. Distillates increased by 1.2 million barrels versus forecasts for a build of 1 million barrels. (17)

Natural gas storage rose by a better-than-expected 110 billion cubic feet to 1.829 trillion cubic feet last week – exceeding forecasts for a build of 102 billion cubic feet. Supplies 27.4 percent lower year-on-year and 31 percent below the 5-year average. The results sent natural gas futures falling to a 4-week low of $4.449 per million British thermal units. (18)

Grains & Field Crops

Corn prices fell by the most in 5 weeks – dropping 2.1 percent to $4.425 a bushel – as speculation rose that U.S. will produce a better-than-projected bumper crop this year. The USDA’s current estimate calls for a record output of 13.935 billion bushels. (19) Wheat fell to a 15-week low of $5.75 a bushel, as the USDA reported that 33 percent of the winter wheat harvest was completed as of Sunday versus forecasts of 28 percent and the 5-year average of 31 percent. (20) Analysts foresee Russia bringing in another bumper wheat crop during the 2014/15 season, with forecasts calling for the crop to advance 2 percent year-on-year to 53 million tonnes. Wheat exports are expected to rise from a current standing of 18.2 million tonnes to 19 million. (21) Zimbabwe’s wheat production forecast was cut an additional 21 percent – bringing the projected year-on-year decline to 50 percent – due to a “lack of money to rehabilitate infrastructure and rising costs involved in producing the crop.” Output is now expected to reach just 8,000 tonnes versus country’s national requirement of 260,000. (22)

Precious Metals

The 5-month long strike throughout South Africa’s platinum belt finally came to an end this week, as the 3 platinum companies, Anglo American Platinum, Lonmin, and Impala Platinum, signed a wage agreement with the Association of Mineworkers and Construction Union on Tuesday. The strike ended up costing the 3 companies an estimated 23.9 billion rand ($2.2 billion) in lost revenue and the workers 10.6 billion rand in lost earnings. (23) The CPM Group forecasted that the platinum market will experience the largest-ever deficit on record in 2014, with a shortfall of 818,823 ounces, as the strike throughout South Africa results in 633,000 ounces of lost production and total fabrication demand rises 1.8 percent to 7.34 million ounces. The group also anticipates a palladium deficit of 367,359 ounces this year. (24)

Other Commodities

Costa Rica’s 2014/15 coffee output is projected to rise 7.25 percent year-on-year to 2.1 million bushels, as the execution of better agricultural practices help to control the rust fungus that plagued last season’s harvest. (25) Ghana is expected to produce the largest cocoa crop in 3 years, with an estimated output of 900,000 metric tons. However, farmers are reporting that the necessary delivery of pesticides they need to fight off disease brought on by recent rain is more than 3 weeks late in arriving, which could put the light crop of 50,000 tons in jeopardy. The news sent prices higher for the first time in 3 days. (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 June 20, 2014

Top Stories

The U.S. Q1 current account deficit widened from $87.3 billion to a 1-½ year high of $111.2 billion during the first quarter – exceeding forecasts of $96.9 billion – as exports and the surplus on income declined. (1) During a tell-all event, Trader Kirt Christensen reveals a new weekly options system that is allowing him to trade only optimal, high probability trades – read the full story here. The Fed Reserve raised its projection for short-term interest rates from 1.125 percent by the end of 2015 to 1.2 percent and from 2.4 percent by the end of 2016 to 2.5 percent. Although the Fed cited recent economic improvement as being behind the increase, the agency reduced its economic growth forecast for the year from 3 percent to 2.3 percent. (2)

Economic Releases & Statistics

U.S. manufacturing output rose 0.6 percent in May – beating forecasts for a gain of 0.5 percent – as motor vehicle output jumped 1.5 percent and mining 1.3 percent. The strong advance in manufacturing and mining “helped boost overall industrial production by 0.6 percent.” (3) Economists had called for an increase of 0.5 percent. (4) U.S. consumer prices rose by the most in a year – up 0.4 percent compared to forecasts of 0.2 percent in a sign that inflation could be heading closer to the Fed Reserve’s target of 2 percent. (5) Inflation in the U.K. dropped from 1.8 percent to a 4 1/2-year low of 1.5 percent in May, as food prices made its first year-on-year decline since 2006. Economists had called for inflation to slow to 1.7 percent. (6) See how traders are using almost any stock to make money even in bear markets – read the full story here. Germany’s ZEW investor confidence index unexpectedly fell in June – dropping from 33.1 to a 1-½ year low of 29.8 versus forecasts for an increase to 35 – indicating that Q2 economic growth could weaken. (7)

Stocks & Earnings

Reports of Oracle purchasing Micro Systems in a deal that could surpass $5 billion sent Micros’ shares up more than 16 percent in mid-day trading on Tuesday. (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. Adobe Systems’ Q2 profit of $0.37 a share on $1.07 billion in revenue topped forecasts of $0.30 a share on $1.03 billion in revenue, as the software maker added a better-than-expected 464,000 customers to its Creative Cloud Web software. (9) The news sent the company’s shares up nearly 10 percent to a record $74.69. (10) FedEx’s Q4 profit of $730 million or $2.46 a share beat forecasts of $2.36, as revenue rose to $11.8 billion versus forecasts of $11.7 billion. (11) The company also projected a full-year profit range of $8.50 to $9 a share compared to forecasts of $8.73. The better-than-expected results sent shares up 4.5 percent. (12)

Global Currencies

The Bloomberg Dollar Spot Index fell to a 1-month low of 1,008.19, as news that the Fed Reserve will keep interest rates near zero sent the Deutsche Bank AG’s gauge of currency volatility to an all-time low of 5.28. (13) Speculation that the Bank of England is heading closer to a rate increase had the pound rising to a 2009 high of $1.7011 this week. (14) India’s rupee fell for the fourth straight week – dropping 0.7 percent to 60.1875 per dollar – as concern rose that the trade deficit will widen on increased international oil prices, adding to inflation. (15) South Korea’s won made its largest weekly decline in nearly 2 months this week – falling 0.3 percent to 1,020.61 per dollar in Seoul – as bonds gained while “overseas investors pulled money from local equities and the authorities signaled they may intervene to weaken the currency.” (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell by 0.58 million barrels to 386.3 million barrels. Analysts had called for a larger draw of 1 million barrels. Gasoline supplies unexpectedly rose by 0.79 million barrels to reach 214.3 million barrels compared to forecasts for a draw of 0.1 million barrels. Distillates increased more than expected – advancing 0.44 million barrels versus forecasts for a build of 0.25 million barrels. Gasoline supplies now stand up 2.9 percent year-on-year, while distillates are up 2.5 percent. (17)

Natural gas storage rose by 113 billion cubic feet to 1.719 trillion cubic feet last week – exceeding forecasts for a build of 110 billion cubic feet. Although the build exceeding expectations, supplies currently stand the lowest level for this time of the year since 2003. (18)

Grains & Field Crops

Corn prices fell to a nearly 4-month low of $4.41 a bushel after the USDA reported that 76 percent of the domestic crop was rated in good to excellent condition – marking the best mid-June reading since in 1994. The harvest is expected to rise to a record 13.935 billion bushels. (19) The domestic soybean crop was rated at 73 percent in good to excellent condition. Although the rating is down 1 percent for the week, it still marks the best mid-June rating on record. The news had prices falling the most in a month to touch at June 5th low of $12.025 a bushel. (20) Analysts had called for a rating of 75 percent for corn and 74 percent for soybeans. (21) The USDA reported that “63 percent of the Kansas winter crop was in poor or very poor condition as of June 15 compared with 45 percent a year earlier.” The news had futures rebounded slightly to $6.025 a bushel; however, prices still remain down 20 percent from this year’s peak of $7.44 a bushel reached on May 6. (22)

Precious Metals

Statements made by the Fed Reserve that interest rates will remain tame had gold making its largest advance in 9-months – climbing 3.3 percent to reach as high as $1,317.40 an ounce this week. Silver also rose – jumping 4.4 percent to a 13-week high of $20.648 an ounce. (23) India’s gold jewelry exports are expected to jump 25 percent in the year to March 2015 – aided “by an expected relaxation of import policy and recovering demand from major consuming countries.” Last year India exported $7.86 billion in gold jewelry – a downturn of more than 50 percent from the previous year. (24)

Other Commodities

According to the Mercon Group, Brazil’s coffee output may come in at 50.5 million bags this year – surpassing the USDA’s May estimate of 49.5 million – as “showers reduced the impact of the worst dry spell in 50 years.” After falling for the first time in 6 years, wetter conditions will likely have India’s coffee output rebounding next year, with total production rising 7 percent and robusta climbing 15 percent. (25) The domestic cattle herd started the year at its lowest point since 1951 at 87.7 million head, with it being the seventh straight year of declines cattle futures are expected to rise an additional 8.3 percent to $1.578 a pound by the end of the year. Futures are already up 22 percent for the year, with ground-beef prices up 76 percent since 2009 to stand at the highest level on record. (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 June 13, 2014

Top Stories

GoDaddy filed for a $100 million IPO this week. Although the domain and web-services company has not been profitable since 2009 – having lost $199.88 million last year – they brought in $1.13 billion in revenue during that time frame. (1) A top U.S. trader released a unique trading technique that’s allowing traders to make money even in bear markets – read the full story here. The World Bank cut its 2014 growth forecast from 3.2 percent to 2.8 percent – citing a harsh winter in the U.S. and the political crisis in Ukraine. The news sent U.S. stocks lower. (2)

Economic Releases & Statistics

U.S. job openings jumped 17 percent year-on-year to a 7-year high of $4.46 million in April, as private-sector openings climbed 18 percent and government positions rose 410,000. (3) U.S. wholesale inventories rose 1.1 percent in April versus forecasts for a gain of 0.5 percent, as stocks of electrical goods climbed 2.8 percent. Sales advanced 1.3 percent – beating forecasts of 0.9 percent – on an increase in auto, furniture, electrical goods, and machinery sales. (4) U.S. retail sales rose 0.3 percent in May – missing forecasts for an increase of 0.6 percent – as “consumers took a respite following a three-month surge in shopping that has underpinned economic growth.” (5) China’s trade surplus rose to a 5-year high of $35.9 billion in May compared to forecasts of $22.6 billion, as exports rose by a larger-than-expected 7 percent and imports unexpectedly declined 1.6 percent. Economists had called for exports to rise 6.7 percent and imports to increase 6 percent. (6) Japan’s economy grew at a quicker pace than projected in the first quarter – expanding an annualized rate of 6.7 percent versus an initial estimate of 5.9 percent – as capital spending was upwardly from an increase of 21 percent to 34.2 percent. Economist had anticipated a decline to 5.5 percent. (7)

Stocks & Earnings

Apple completed a 7-for-1 stock split on Monday – marking its first stock split in 9 years. The news had shares rising to a split-adjusted 52-week-high of $93.88 after initially opening at $92.22. Before the split, shares stood at $645.57. (8) 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. RadioShack’s Q1 net loss widened from $28 million or $0.28 a share to $98.3 million or $0.97, as sales slid 14 percent – exceeding forecasts for a decline of 8.9 percent. On an adjusted basis, the electronics chain reported a net loss of $0.98 a share versus forecasts of $0.51. The news sent the company’s shares tumbling 22 percent. (9) News that billionaire activist investor Carl Icahn took a 9.4 percent stake in Family Dollar had the company’s shares soaring 15 percent to as much as $70 a share on Monday. Rival Dollar General’s shares also climbed more than 10 percent, as speculation rose that Icahn would push for a merger between the two companies. (10)

Global Currencies

The dollar fell this week, with the Bloomberg Dollar Spot Index falling 0.3 percent to 1,011.61, as weak economic data raised doubts that the Fed Reserve would raise its interest rate in the near-term. (11) 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. The pound hit a 19-month high of 79.81 pence against the euro this week, after the Bank of England’s Governor announced that the bank may raise interest rates earlier than expected. (12) The yen fell from a 4-month high of 137.91 against the euro on Friday – hitting 138.18 per euro – after statements by the Bank of Japan’s Governor rose bets that officials will continue with their current stimulus plan. (13) Strong economic data had the yuan making its largest weekly advance since 2011 – jumping 0.6 percent to close at 6.2107 against the dollar on Friday. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell by 2.6 million barrels to 386.9 million barrels last week. Analysts had called for a smaller draw of 1.2 million barrels. Gasoline supplies unexpectedly rose by 1.7 million barrels to reach 213.5 million barrels versus forecasts for a draw of 500,000 barrels. Distillates increased less than expected – advancing 900,000 barrels to 119 million compared to forecasts for a build of 750,000 barrels. (15)

Natural gas storage rose less than anticipated last week – advancing 107 billion cubic feet to 1.606 trillion cubic feet versus forecasts for a build of 110 billion cubic feet. Supplies now stand at their lowest level for this time of the year since 2003, with inventories 727 billion cubic feet lower year-on-year and 877 billion cubic feet below the 5-year average. (16) The news sent prices up 5.6 percent to 4.762 per million British thermal units – marking the largest 1-day advance in 4-months. (17)

Grains & Field Crops

In its most recent WASDE release, the USDA raised its world wheat production estimate from 697 million metric tons to 701.6 million, as a decline in domestic output is outpaced by an increase in production outside the U.S. The projection for world inventories was raised from 187.4 million metric tons by the end of May to 188.61 million versus forecasts for an increase to 188.08 million. (18) U.S. wheat output is projected lower at 1.942 billion bushels versus a previous estimate of 1.963 billion on a smaller winter wheat harvest. (19) The agency raised its estimate for global corn inventories to 182.7 million metric tons by the end of the 2014/15 season compared to analysts’ estimate of 182.1 million, while calling for a record U.S. crop at 13.935 billion bushels. (20) The news sent corn prices tumbling to a 4-month low of $4.39 a bushel. (21) Australia reduced its 2014/15 wheat production forecast from 24.8 million metric tons to 24.6 million. (22)

Precious Metals

Palladium futures climbed to a nearly 3-year high of $849.40 an ounce this week, while platinum advanced to a 2-week high of $1,473.80 an ounce, “after government-led talks with the union leading a pay strike in South Africa failed.” Palladium now stands up 18 percent for the year and platinum 7.2 percent. (23) According to data released this week, China is now the world’s second largest gold resource, with a reserve of 263.6 million ounces (8,200 tonnes), indicating that China will be able to sustain its spot as the world’s largest producer of gold with an output level of 430 tonnes. (24)

Other Commodities

Vietnam’s coffee harvest is expected to fall 4 percent year-on-year to 1.64 million metric tons, as yields decline after a record 1.71 million tons were produced during the 2013/14 season. Estimates were already calling for world demand to outpace supplies by the most in more than 10 years, with a deficit of 11.3 million bags. (25) Although Brazil’s main center-south cane harvest has picked up in the last month – advancing from 1.91 million tons produced during the first half of May to 2.03 million in the second half – output still remains down 3.57 percent year-on-year “after a severe January-February drought sapped nearly 5 percent from the expected” harvest. (26) Favorable weather conditions had the Ivory Coast increasing its cocoa “output target for the current season through September to a record 1.6 million metric tons.” (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.