International earnings season

International earnings season is typically a week or two behind the U.S. So we are just now getting a clear picture of how Q2 is shaping up. In Europe, with about 76% of companies reporting, earnings are up 18.5%, better than expected. Almost all Japanese corporations have reported, and the 23% increase is far better…

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All streaks must end

All streaks must end. It was the calmest three weeks ever for stocks. You would never know it by reading the headlines, but the S&P 500 was in the midst of the calmest three-week period ever. In fact, during the past 15 trading sessions, ending 8/9/17, it had closed between 0.3% and -0.3% every single…

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President Trump is a drag on the gun industry

Oregon headquartered Craft Brew Alliance is building a new $23 million, 30,000-square-foot factory for its Kona Brewing brand in Kona, Hawaii. The new brewery is designed to produce up to 100,000 barrels of beer per year. (PBJ) Nautilus, the Vancouver, Washington-based fitness equipment maker reported a second-quarter profit of $2.5 million or 8 cents per-share….

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The US economy added 209,000

The US economy added 209,000 new jobs in July. The unemployment rate holds steady at 4.3% (Labor Department) In the slew of earnings results here are some regional companies you may have missed. Alaska Air and its regional Horizon Air subsidiary reported quarterly earnings topping $2 billion for the first time ever and a profit…

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Lumber prices at $405

U.S. factory goods climbed 6.5% in June, the biggest gain in nearly three years. The bulk of the increase came from a 131.2% surge in orders for civilian aircraft. Excluding orders of transportation equipment, which rose 19% overall, durable goods orders edged up 0.2% last month. (Commerce Department) With lumber prices at $405 it has…

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Pampers diapers and Crest toothpaste

The declining U.S. dollar is beginning to negatively impact foreign stocks. Since last Thursday, when the European Central Bank issued what was perceived to be somewhat hawkish comments, the euro has increased 1.5% bring foreign markets lower. The US dollar has declined 8.2%, as measured by the DXY index, since the beginning of the year….

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