Bearly News for October 3, 2014

Top Stories

After announcing plans to split from its mobile payment unit PayPal – creating two independent public trading companies – EBay’s shares climbed more than 7 percent. (1) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. Economists cut their 2014 U.S. economic growth forecast for both the third and fourth quarter, with Q3 reduced from a growth of 3.1 percent to 3.0 percent and Q4 from 3.2 percent to 3.1 percent, “following an extremely volatile first half of the year.” (2)

Economic Releases & Statistics

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

Stocks & Earnings

Following the unveiling of 3 new cameras this week, GoPro shares climbed nearly 11 percent to close at $90.94 a share. (8) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. Einstein Noah Restaurant shares soared 50.4 percent to $20.14 a share this week after announcing plans to buy JAB Holding for $374 million – a 47 percent premium over the stock’s 3-month average trading price. (9) After announcing plans to be bought out by Vista Equity Partners for $4.3 billion, Tibco Software shares jumped 21.4 percent to $23.65. The sale will mark the largest U.S. technology acquisition of the year. (10) Walgreen reported a Q4 net loss of $239 million or $0.25 a share, after accounting for $0.90 a share “non-cash loss related to its strategic partner Alliance Boots call option amended and exercised during the quarter.” On an adjusted basis, the drug store earned $0.74 a share – matching forecasts. (11)

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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

Bearly News for September 26, 2014

Top Stories

Apple announced that it sold a record 10 million new iPhones over opening weekend – topping last year’s iPhone 5s and iPhone 5c release which topped 9 million devices. Pre-orders alone exceeded 4 million in just the first 24 hours. (1) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. CyberArk Software’s shares soared as much as 69 percent during its U.S. trading debut this week after pricing its IPO above the top-end range to raise $85.8 million. (2)

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

As a brightening U.S. economic outlook raises bets that the Fed Reserve will raise interests rate before its major peers had the Bloomberg Dollar Spot Index rising 0.3 percent to a 4-year high of 1,063.09 this week. (12) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. The euro dropped to a 14-month low of $1.2774 against the U.S. dollar this week, after data showed that business confidence in Germany made a larger-than-expected downturn. (13) Bets that the Bank of England will raise interest rates in the near term following increased stimulus from the euro zone had the pound rising to a 2-year high of 77.85 pence against the euro. (14)

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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


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

Bearly News for September 19, 2014

Top Stories

Increased political tensions had the OECD cutting its 2014 economic growth forecast for most major economies this week. The agency reduced its growth projection for the U.S. from 2.6 percent to 2.1 percent, the U.K. 3.2 percent to 3.1 percent, and the Eurozone 1.2 percent to just 0.8 percent. (1) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. Microsoft announced that it would buy Minecraft maker Mojang for $2.5 billion in an effort to boost its Xbox and mobile businesses. The deal is expected to close by the end of the year, with both Minecraft creators planning to leave the company as soon as the deal is final. The news sent Microsoft’s share higher. (2)

Economic Releases & Statistics

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

Stocks & Earnings

FedEx Corp’s Q1 profit climbed 24 percent to $606 million or $2.10 a share – exceeding forecasts of $1.96 a share – as revenue rose 6 percent to $11.7 billion versus forecasts of $11.48 billion. The better-than-expected advance came as shipment volume also rose 6 percent. (8) Next Crash Worse than 2008? Advisor to the Office of the Director of National Intelligence says recovery bogus—crash coming soon – learn more here. Lennar Corp’s Q3 profit jumped 47 percent to $177.8 million or $0.78 a share – beating estimates of $0.67 a share – as home prices rose 15 percent and orders advanced 23 percent – sending revenue up 26 percent to $2 billion. (9) Following the results, the company’s shares climbed 6 percent to $41.39. (10) ConAgra Foods’ Q1 profit more than tripled from a year-earlier $144.3 million or $0.34 a share to $482.3 million or $1.12 a share, as both costs and expenses fell. On an adjusted basis, the company earned $0.39 a share – exceeding forecasts of $0.35. (11) The better-than-expected results sent shares up more than 3 percent. (12)

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

Brazil’s 2014/15 coffee production estimate was raised slightly from a previous estimate of 44.57 million 60-kg bags to 45.14 million, as robusta output rises from 12.33 million bags to 13.03 million. However, compared to last season, Brazil’s coffee harvest will still come in 8.16 percent lower, as arabica output falls 16.1 percent to 32.1 million bags following the worst drought in decades. (24) Nigeria’s cocoa production came in at 240,000 metric tons this season and is expected to climb to 800,000 tons a year over the next couple years, as farmers are supplied with better-yielding seeds. Ghana produced 920,000 tons this season, while Ivory Coast produced 1.73 million tons. (25)

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


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

Bearly News for September 12, 2014

Top Stories

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

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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


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

Bearly News for September 5, 2014

Top Stories

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

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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


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

Bearly News for August 29, 2014

Top Stories

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

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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


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

Bearly News for August 22, 2014

Top Stories

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

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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


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

Bearly News for August 15, 2014

Top Stories

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

Economic Releases & Statistics

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

Stocks & Earnings

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

Global Currencies

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

Oil & Energies

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

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

Grains & Field Crops

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

Precious Metals

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

Other Commodities

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

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 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)

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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 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.