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.

Bearly News for June 6, 2014

Top Stories

News that Sprint Corp. would buy rival T-Mobile Inc. in a stock and cash deal that could be valued at as much as $50 billion had Sprint’s shares jumping more than 3.5 percent in pre-market trading on Thursday, while T-Mobile’s shares rose more than 1 percent in. (1) A new unconventional day trading strategy is having truly uncommon results in helping consistently losing traders obtain mind-boggling returns – read the full story here. The U.S. trade deficit climbed 6.9 percent in April to a 2-year high of $47.2 billion, as imports jumped 1.2 percent to a record $240.6 billion and exports remained flat at $193.3 billion. Economists had called for a considerably smaller $41 billion deficit. (2)

Economic Releases & Statistics

After initially reporting that its U.S. manufacturing index unexpectedly fell from 54.9 to a 3-month low of 53.2 versus forecasts of 55.5, the Institute for Supply Management corrected the data just a few hours later to show an increase to 55.4. (3) The mix-up had indices swinging from a downward slide back to record territory. (4) U.S. factory orders climbed by a better-than-expected 0.7 percent in April – exceeding forecasts of 0.5 percent – as demand for defense products rose sharply. March orders were also upwardly revised from 0.9 percent advance to 1.5 percent. (5) U.S. construction spending rose 0.2 percent in April to hit a 5-year high of $953.5 billion, after residential and public construction expanded. Although the advance missed estimates for an increase of 0.6 percent, March was upwardly revised from a growth of 0.2 percent to 0.6 percent. (6) Manufacturing in China grew at its fastest pace in a year – rising from 50.4 to 50.8 in May – indicating that the government’s recent “pro-growth policies” have helped to stabilize the economy. The advance beats forecasts, which called for a reading of 50.7. (7) Eurozone inflation fell from 0.7 percent to an annualized 0.5 percent in May – adding to deflation concerns that could pressure the European Central Bank to set up measures that would support prices and increase growth. Economists had anticipated a smaller decline to 0.6 percent. (8)

Stocks & Earnings

Hillshire Brands’ shares jumped 9 percent on Tuesday to an all-time high of $58.50 after Pilgrim’s Pride raised it buyout offer to from $45 a share to $55– topping Tyson Food’s counter bid of $50. (9) A technique recently released by a top U.S. trading school is allowing traders to make money even in bear markets, while trading almost any stock they want – read the full story here. After reporting preliminary financial results that missed expectations, Rite Aid’s shares plunged 14 percent on Thursday. The drugstore chain expects to earn between $35 million and $45 million with adjusted earnings of $0.04 a share during the first quarter. Analysts’ projections were nearly double that at $76 million in net income with an EPS of $0.08. (10) AT&T raised its full-year revenue estimate again – up from a previous forecast of 4 percent to 5 percent – as they anticipate the addition of more than 800,000 monthly customers during the second quarter. Analysts had been projecting a growth 3.6 percent. (11)

Global Currencies

The U.S. dollar fell against most of its major counterparts on Friday after a U.S. jobs report failed to increase bets that the Fed Reserve will speed up the timeline for a rate increase. (12) 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. In an unprecedented move, the European Central Bank cut its interest rate on deposits to minus 0.1 percent, while cutting its main interest rate from 0.25 percent to a record-low 0.10 percent in an attempt to fight off the risk of deflation. The news sent the euro tumbling to a 4-month low of $1.3575 against the U.S. dollar. (13) Despite rising house prices and strong economic growth, the Bank of England held its key rate at a record-low of 0.5 percent. (14) The Reserve Bank of Australia kept its key interest rate unchanged and in line with forecasts at a record-low 2.5 percent. (15) As anticipated, the Bank of Canada followed suit – leaving its rate unchanged 1 percent as weak growth offset a slight rise in inflation. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell more than anticipated last week – dropping 3.4 million barrels compared to forecasts for a draw of 100,000 barrels. Supplies now stand at 389.5 million barrels. Gasoline supplies increased less than expected – advancing 210,000 barrels to 211.8 million versus forecasts for a build of 2 million barrels. Distillates unexpected climbed by 2 million barrels to reach 118.1 million barrels compared to forecasts for a draw of 1 million barrels. (17)

Natural gas storage rose by 119 billion cubic feet to 1.499 trillion cubic feet last week – exceeding forecasts for a build of 116 billion cubic feet. Supplies are 33 percent lower year-on-year and 37 percnet below the 5-year average. (18)

Grains & Field Crops

Global soybean production is expected to jump 6.1 percent year-on-year to a record 301.2 million metric tons during the 2014/15 season, as harvest area climbs 4 percent to an all-time high of 292.8 million acres. (19) Corn fell to a 16-week low of $4.47 a bushel this week, as forecasts called for a record domestic crop at 13.939 million bushels and farmers boosted plantings to 95 percent of the harvest as of June 1 with 76 percent of plants in good or excellent condition. (20) After experiencing its longest slump in 15 years – finally hitting a 3-month low of $6.1075 a bushel – wheat prices were able to rebound midweek on speculation that the downturn in prices could fuel demand as more opportunistic buyers enter the market. (21)

Precious Metals

Gold dropped to a 4-month low of $1,241.11 an ounce this week, as the S&P 500 closed at a record-high 1,923.57 and “hedge funds pared bets on a rally in the metal at the fastest pace this year as haven demand waned.” (22) According to Bloomberg, China and India consume more gold than the world’s mines produce, with China consuming an estimated 5.15 million ounces a month and India 2.85 million, while world gold mines produce just 7.44 million ounces – resulting in a 0.56 million ounce deficit per month. (23)

Other Commodities

According to Mercon Group, Brazil’s coffee harvest will come in at 50.5 million bags this year – up from the USDA’s May estimate of 49.5 million and Brazil’s crop forecasting agency Conab’s projection of 44.6 million – as recent rains alleviate damage brought on by one of the worst droughts in 50 years. The new forecast had Arabica prices falling 0.7 percent to $1.7115 a pound – bringing prices to stand 22 percent below the 2-year high reached in April. (24) Ghana announced plans to regain its place as the world’s largest cocoa producer within the next 3 years, as industry regulators assist farmers in increasing yields from 450 kilograms per hectare to 1,000 kilograms. Ghana also raised its projection for the current season to an output of 900,000 metric 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 May 30, 2014

Top Stories

Hillshire Brands’ shares jumped nearly 23 percent on Monday after the company received an unsolicited offer to be bought out by Pilgrim’s Pride for $5.6 billion. The deal would require Hillshire to back out of its previous plan to buy Pinnacle Foods for $4.23 billion. (1) Shares continued to surge on Thursday – climbing more than 15 percent – after Hillshire received a larger $6.1 billion buyout offer from Tyson Foods. (2) Trader explains how what happened June 4, 2010 is helping traders turn 15 minutes a week into a solid weekly income – read the full story here. In an attempt to compete with popular streaming-music services, Apple agreed to buy Beats Electronics for $3 billion – marking its largest-ever acquisition deal. (3)

Economic Releases & Statistics

U.S. consumer confidence rose from 81.7 to 83 in May – marking the second-highest reading since Jan. 2008 – as consumers became more optimistic hiring and the overall state of the economy. (4) U.S. durable goods orders unexpectedly rose 0.8 percent in April versus forecasts for a 0.7 percent decline, as military spending surged 39.3 percent. (5) For the first time in 3 years, the U.S. economy contracted – declining 1 percent during the first quarter versus initial government estimate for an expansion of 0.1 percent – as harsh winter weather weighed on growth. Economists had called for a smaller contraction of 0.5 percent. (6) South Africa’s economy shrank 0.6 percent during the first quarter – hitting a recession low of 3.8 percent – as mining production tumbled 4.7 percent due to the ongoing strike though out the country’s platinum belt and a 4.4 percent decline in the manufacturing sector. (7) Unemployment in Germany unexpectedly rose for the first time in 6 months – advancing 23,937 to 2.905 million versus forecasts for a decline of 15,000 – “amid signs of a slowdown in Europe’s largest economy that could weigh on the fragile euro-area recovery.” (8)

Stocks & Earnings

Toll Brothers’ Q2 profit more than doubled to $65.2 million or $0.35 a share – exceeding forecasts of $0.27 – as revenue jumped 67 percent to $860 million. The better-than-expected earnings had shares rising 6 percent. (9) For a limited time, a 20-year trading veteran is making one of his top trading techniques available to our readers in a free download – get it here. Michael Kors’ Q4 profit jumped 59 percent to $161 million or $0.78 a share – beating forecasts of $0.68 – as revenue climbed 54 percent. On a full-year basis, the company expects to earn between $3.85 and $3.91 a share on revenue of $4 billion to $4.1 billion compared to forecasts of $3.85 a share on $4.06 billion in revenue. (10) The news sent shares up more than 5 percent. (11) Costco Wholesale’s Q3 profit rose 3 percent to $473 million or $1.07 a share, as revenue rose 7.1 percent on a 5.6 percent increase in revenue from membership-fees. Forecasts had called for an EPS of $1.09. (12) Abercrombie & Fitch’s Q1 net loss widened to $23.7 million or $0.32 a share. However, an adjusted net loss of $0.17 a share on $822.43 million in revenue beat forecasts of $0.19 a share on $798.20 million in revenue – sending the clothing retailer’s shares up nearly 9 percent. (13)

Global Currencies

The euro fell to a 3-month low of $1.3589 against the U.S. dollar after unemployment in Germany unexpectedly advanced. (14) 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 and sign up for his free training event here. The yen rose against the U.S. dollar on Friday – hitting 101.65 – after Japan’s core inflation rate climbed to a 23-year high in April. (15) The loonie fell against the U.S. dollar – touching C$1.0861 – after a report showed that Canada’s economy expanded just 1.2 percent during the first quarter versus forecasts for a growth of 1.8 percent. (16) The Bank of Israel unexpectedly left its interest rate unchanged at 0.75 percent compared to forecasts for a reduction of 25 basis points, as unemployment fell to a 5-month low of 5.6 percent. (17)

Oil & Energies

According to this week’s EIA report, the nation’s crude oil supplies rose by 1.65 million barrels to 392.9 million barrels. Analysts had projected a smaller build of 100,000 barrels. Gasoline supplies unexpected fell by 1.8 million barrels to reach 211.5 million barrels compared to forecasts for a build of 200,000 barrels. Distillates unexpectedly fell by 196,000 barrels to 116 million versus forecasts for an increase of 600,000 barrels. (18)

Natural gas storage rose by 114 billion cubic feet to 1.380 trillion cubic feet last week – exceeding forecasts for a build of 110 billion cubic feet. Supplies are 748 billion cubic feet lower year-on-year and 922 billion cubic feet below the 5-year average. (19)

Grains & Field Crops

Favorable weather conditions throughout much of the European Union has the region on course to bring in the largest wheat crop in 6 years at 145 million tons. (20) Forecasts for Germany’s 2014 wheat harvest were raised from 23.95 million tons to 24.77 million – putting the estimate closer to last year’s output of 24.87 million tons. (21) The U.S. wheat harvest is now projected 800,000 tons lower at 56.7 million tons, as dry weather continues to hurt crop conditions. (22) The decline in U.S. output had the International Grains Council lowering its global wheat production estimate from 697 million tons to 694 million. The agency raised its global corn output projection by 0.5 percent to 955 million tons on an increase production out of Brazil. (23) An excessive amount of rain in Argentina has slowed harvesting, with an unprecedented 6.2 million hectares of soybeans and 3.4 million hectares of corn still left to be harvested compared “with 2.6 million hectares of soybeans and 1.4 million hectares of corn that were uncollected at the same time last year.” (24)

Precious Metals

Palladium rose to an Aug. 2011 high of $845 an ounce this week, as the strike in South Africa continues. The metal has risen 17 percent since the strike began. Demand is expected to outpace supplies by a record 1.6 million ounces this year. (25) Gold prices fell to a 15-weel low of $1,261.10 an ounce this week, as exchange-traded assets sink to a 2009 low of 1,715.84 metric tons and U.S. equities climb to record-highs. (26)

Other Commodities

Cocoa prices rose to a more than 32-month high of $3,031 a ton this week after the price of cocoa butter rose to a 5-week high – fueling speculation that chocolate demand was on the rise. (27) Vietnam’s coffee output is expected rise 170,000 bags during the 2014/15 season to reach a record 29.2 million bags, as area is increased by some 27,000 hectares and weather conditions remain favorable. The production increase, as well as the release of previous supplies from government stockpiling, will have exports climbing to an all-time high of 2.1 million bags. (28)

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 May 23, 2014

Top Stories

Credit Suisse announced that it would pay $2.6 billion in penalties after pleading guilty to helping Americans cheat on their taxes – marking the first time in more than 2 decades that a world bank of its size has admitted to a crime in the U.S. (1) In a surprise move, a top U.S. trading school shares one of their coveted trading techniques absolutely free – get it here. After revealing nearly $1 billion in revenue, extreme-sports-camera-company GoPro Inc. announced that it is looking to raise $100 million during its initial public offering. The company will to be listed on the Nasdaq under the symbol “GPRO.” (2)

Economic Releases & Statistics

U.S. existing home sales advance for the first time in 4 months – rising 1.3 percent in April to an annual rate of 4.65 million versus forecasts of 4.66 million – as the number of homes for sale climbed 16.8 percent and price increases slowed. (3) The Markit Economics preliminary index of U.S. manufacturing rose from 55.4 to a 3-month high of 56.2 in May – beating forecasts for a slight increase to 55.5 – as output rose from 55.2 to 59.6 and the quantity-of-orders subindex jumped from 56.7 to 59.2. (4) A similar manufacturing index in China rose from 48.1 to a 5-month high of 49.7 in May, as both output and orders rebounded. The advance exceeded forecasts, which called for a reading of 48.3. (5) Inflation in the U.K. rose for the first time in 10 months in April – advancing 1.8 percent year-on-year versus forecasts for a gain of 1.7 percent – as consumers spent more on travel over the Easter holiday. (6) On an annual basis, retail sales in the U.K. rose at its fastest pace in 10-months – climbing 6.9 percent in April compared to forecasts for a gain of 5.1 percent – as food sales made its best advance since Jan. 2002. On a monthly basis, sales were up 1.8 percent – exceeding forecasts of just 0.5 percent. (7)

Stocks & Earnings

During a live training event, trader reveals a new weekly options system that triggers trades in both trending and flat markets – gain exclusive access to this free event here. Staples’ Q1 profit tumbled 43 percent to $96.2 million or $0.15 a share, as sales fell 2.8 percent to $5.65 billion. Excluding items, the office-supplies chain earned $0.18 a share versus forecasts of $0.21. The news sent shares down 10 percent. (8) Tiffany & Co’s Q1 profit soared 50 percent to $125.6 million or $0.97 a share – exceeding forecasts of $0.78 a share – as overall sales rose 13 percent. The jewelry retailer also raised its full-year outlook by $0.10 to between $4.15 and $4.25 a share. (9) The news had shares rising more than 10 percent. (10) Saleforce.com’s Q1 net loss widened from $67.7 million to $96.9 million year-on-year after expenses advanced 36 percent. However, an adjusted earnings of $0.12 a share still beat forecasts of $0.10, as revenue jumped 37 percent to $1.23 billion versus forecasts of $1.21 billion. (11) Despite reporting that revenue fell 1.9 percent, Best Buy reported Q1 profit of $461 million – up from a year-earlier loss of $81 million – as the electronics retailer cut costs. On an adjusted basis, the Best Buy earned $0.33 a share, which easily topped Wall Street’s $0.19 a share projection. The better-than-expected results had shares climbing more than 8 percent. (12)

Global Currencies

The U.S. dollar fell to a 3-½ month low of 101.11 against the yen this week – “pressured by a declining trend in U.S. Treasury yields that may be due to uncertainty about U.S. economic growth prospects.” (13) The euro dropped to a 3-month low of $1.3616 against the dollar on Friday, as a reading on business sentiment in Germany fell more than anticipated this month. (14) 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. Growing speculation that the Bank of England will be raising interest rates in the near term had the pound climbing to a 17-month high of 80.82 pence against the euro this week. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly tumbled 7.2 million barrels to 391.3 million barrels compared to forecasts for a build of 700,000 barrels. (16) The news sent prices up 1.8 percent to over $104 a barrel. (17) Gasoline supplies rose by 970,000 barrels to reach 213.4 million barrels versus forecasts for a gain of 100,000 barrels. Distillates increased more than expected – advancing 3.4 million barrels to 116.3 million versus forecasts for a build of 200,000 barrels. (18)

Natural gas storage rose by 106 billion cubic feet to 1,266 billion cubic feet last week – exceeding forecasts for a build of 102 billion cubic feet. Supplies are 774 billion cubic feet lower year-on-year and 943 billion cubic feet below the 5-year average. (19)

Grains & Field Crops

Russia’s grain harvest is now expected to come in at 100 million tonnes – up from a previous forecast of between 95 million tons and 98 million as well as the 89.3 million tons produced last year – as weather conditions improve. The new estimate fails to include some 2 million tons expected to come from Crimea. (20) Poor weather conditions and civil unrest will likely have Syria’s 2014 wheat harvest coming in 18 percent lower at 1.97 million tons – which is 38 percent below the 5-year average of 3.5 million tons. Barley output is projected to tumble 65 percent to just 0.34 million tons. (21) Soybean prices jumped to an 11-month high of 15.3675 a bushel this week “on speculation that demand for livestock feed will increase in China amid rebounding prices for eggs and pigs.” (22)

Precious Metals

The platinum market is expected to experience the largest deficit on record this year, with a shortfall of some 1.22 million ounces, as the strike at South Africa’s top 3 mining companies reduces output by 250,000 ounces. (23) Palladium’s deficit is also expected to widen – expanding to a 34-year high of 1.612 million ounces – as demand climbs 13 percent to 7.789 million ounces and production in South Africa and Russia is seen falling 7 and 5 percent, respectively. (24) Increased concerns over supplies had palladium prices rising to a 33-month high of $834.50 an ounce this week. (25)

Other Commodities

Cane production in Brazil’s top producing Center South region is expected to fall 5.2 percent to 565 million tons this season, as the area deals with the driest summer on record in the past 7 decades. The decline in production will likely have demand outpacing supplies by 900,000 metric tons this season and 3 million tons during the 2014/15 season. (26) As coffee rust continues to plague Central America, production in Mexico is estimated to rise just 100,000 bags to 3.90 million during the 2014/15 season – which excluding the 2013/14 season is a 34-year low. Output in El Salvador is expected to increase 168,000 bags from an 80-year low of 507,000 bags, while output in Costa Rica is projected to fall an additional 48,000 bags to a 1976/77 seasonal-low of 1.38 million bags. (27) Colombia’s coffee exports are expected to rise to a 21-year high of 11.59 million bags during the 2014/15 season, as production rises from 10.8 million bags to a 7-year high of 11.9 million due to a replanting program “aimed at promoting varieties resistant to the rust fungus.” (28)

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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 May 16, 2014

Top Stories

News that AT&T was in advanced talks to buyout DirecTV for $50 billion had DirecTV’s shares surging this week – climbing 3.89 percent to $90.59. (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. J.C. Penney Co’s shares soared more than 25 percent after the company reported Q1 results that beat expectations. The department-store chain lost $1.14 a share versus analysts’ $1.24 a share projection, while also announcing that revenue grew for the first time in 3 years – advancing 6.3 percent advance. (2)

Economic Releases & Statistics

U.S. retail sales rose just 0.1 percent in April – missing forecasts for a gain of 0.4 percent – as consumers spent less on furniture, electronics, and eating out in addition to cutting back on online shopping. (3) U.S. producer prices rose at their fastest pace in 1-½ years in April – climbing 0.6 percent versus forecasts for a gain of 0.2 percent – as an 8.4 percent increase in meat prices had food prices jumping 2.7 percent. The Advance sent the annual rate up to a 2-year high of 2.1 percent. (4) U.S. industrial production unexpectedly fell 0.6 percent in April compared to forecasts for an unchanged reading, as warmer weather had utilities dropping 5.3 percent. (5) Investor confidence in Germany fell from 43.2 to a Jan. 2013 low of 33.1 in April “in a sign of growing concern that threats from low inflation to a strong euro may undermine the recovery.” Economists had called for a smaller decline to 40. (6) Retail sales in the U.K. surged 4.2 percent in April – exceeding forecasts for an increase of 1.8 percent – as rising home values had consumers spending more on home improvements over Easter weekend. (7) Japan’s current account surplus tumbled 90.9 percent year-on-year to an all-time low of 116.4 billion yen (1.14 billion dollars) in March versus forecasts of 305 billion yen, as imports climbed 23.2 percent on an annual basis compared to an exports increase of just 6.2 percent. (8)

Stocks & Earnings

Despite reporting that revenue increased 23 percent to $19 billion and global sales rose 10 percent to 621,000 units, Chrysler recorded a Q1 net loss of $690 million after accounting for $1.2 billion in charges. Excluding charges, Chrysler would have earned $486 million, up from $166 million. (9) The head educator and mentor at one of the world’s largest schools for traders is making one of their top trading techniques available to our readers for free – get the download here. Airbus’ Q1 profit soared 93 percent to €439 million ($604 million), as overall sales rose 5 percent and the aerospace group benefited from a favorable exchange rate. On an adjusted basis, Airbus earned €700 million ($963 million) – beating forecasts of €658.7 million. (10) Although Cisco Systems reported that fiscal Q3 earnings fell year-on-year, the company’s shares jumped 8 percent on Thursday after an adjusted earnings of $0.51 a share topped forecasts of $0.48. (11) Deere & Co.’s Q2 profit fell 9.5 percent to $980.7 million or $2.65 a share, as equipment sales declined 10 percent to $9.25 billion. However, the results still exceeded Wall Street’s $2.47 a share projection. (12)

Global Currencies

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. The euro fell from a 2 ½-year high of $1.3995 to an 11-week low of $1.36505 against the dollar this week after economic growth in the euro zone missed expectations – expanding just 0.2 percent versus forecasts of 0.4 percent. (13) The yen climbed to a 3-month high of 138.78 against the euro this week, as “signs of fragility in some of the world’s biggest economies and declines in stocks spurred demand for the Japanese currency as a haven.” (14) With inflation reaching a 5-year high and economic growth falling to a nearly 5-year low, Chile’s central bank decided to keep its key interest rate unchanged and in line with forecasts at 4 percent. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly rose by 0.95 million barrels, or 0.2 percent, to 397.6 million barrels last week. Analysts had called for a draw of 1.5 million barrels. Gasoline supplies fell by 0.77 million barrels, or 0.4 percent, to 212.4 million barrels compared to forecasts for a draw of 1 million barrels. Distillates unexpectedly fell 1.1 million barrels, or 1 percent, to 112.9 million versus forecasts for a build of 1 million barrels. (16)

Natural gas storage rose by 105 billion cubic feet to 1.16 trillion cubic feet last week – exceeding forecasts for a build of between 97 billion cubic feet and 101 billion. Supplies are 40 percent lower year-on-year and 45 percent below the 5-year average. The news sent prices climbing 2.4 percent to $4.50 per million BTUs. (17)

Grains & Field Crops

Not including 2 million metric tons of grain from the recently added Crimea Peninsula, Russia’s grain harvest is expected to rise 0.5 percent year-on-year to 93 million tons. The wheat harvest is projected to fall 0.2 percent to 52 million tons, as an increase spring wheat planting area offsets a decline in winter wheat. (18) South African white corn futures dropped to a more than 2-year low of 1,952 rand ($189) a metric ton this week, after analysts called for supplies to outpace demand and farmers continue to face harvesting pressure. (19) Wheat extended its longest slump in 5 months this week – dropping for the sixth straight session to bring prices down 7.6 percent to $6.9025 a bushel from a 14-month high of $7.44 – as the USDA sees global stockpiles rising 0.5 percent to 187.4 million metric tons. (20)

Precious Metals

Gold imports in India plunged 74 percent on an annual basis to $1.75 billion in April, as government restrictions weigh on imports – sending gold smuggling soaring to an all-time high. (21) In an attempt to break a 16-week strike in South Africa’s platinum belt, Lonmin Plc reopened its mines on Wednesday despite having not come to a wage agreement with Association of Mineworkers and Construction Union (AMCU). (22) The move came after the mines sent SMS communications directly to workers asking them to break the strike, which AMCU is now taking legal action over. (23) Lonmin claims that through the communication “they received ‘overwhelming support’ from employees for a return to work.” (24)

Other Commodities

For the first time since 1994, Brazil’s coffee production is expected to decline during an on-year – with the USDA projecting a decline of 4.2 million bags to 49.5 million. However, the estimate sits well above other forecasts of between 44 million bags and 45 million, as the agency foresees the arabica harvest, which is estimated to decline 6.3 million bags to 33.1 million, to be partially offset by a record 16.4 million bag robusta harvest. (25) Orange production in Brazil is expected to rise 6.5 percent to 308.8 million boxes during the 2014/15 season, as orchard productivity advances 9.4 percent. (26) A report showing that sugar production at Brazil mills has fallen 13 percent year-on-year to 1.47 million tonnes had prices rising to a 6-week high of 18.28 cents a pound this week. Forecasts currently call for output to fall from 597 million tonnes to 575 million during the 2014/15 season. (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.