December 08, 2016, 03:15:50 PM by ThePitBoss
Views: 360 | Comments: 0

Calls on Dec 9, 2016
Company Name   Time   EPS Est($) Actual EPS($)

BRP INC  DOO    Before Open   N/A   0.74   N/A
FERRELLGAS -LP  FGP    Before Open   N/A   -0.51   N/A
LEE ENTRPRS  LEE    Before Open   N/A   0.07   N/A
MEDLEY CAPITAL  MCC    Before Open   N/A   0.22   N/A
OIL DRI CORP AM  ODC    Before Open   N/A   N/A   N/A
VAIL RESORTS  MTN    Before Open   N/A   -1.57   N/A
VIXS SYSTEMS  VXS    After Market Close   N/A   -0.05   N/A
December 08, 2016, 11:49:53 AM by HeidsterTrades
Views: 172 | Comments: 0

US oil production peaked in 2015 at 9.5 million barrels a day.  and is now reported to be around 8.6 million barrels a day.  The chairman and CEO of energy group Continental Resources, Harold Hamm, made a comment today saying that production through 2017 is not likely to rise.

Hamm was speaking at the S&P Global Platts Global Energy Outlook Forum in New York today.  Hamm said that the market looks to be targeting oil prices between $50 and $65 a barrel.

"At those prices it's going to be slow. You need about 18 months before you see some recovery [in US crude production] at $50-$55 oil," said Hamm. "I don't see it changing meaningfully from this year," he added, when asked where US production was likely to be at the end of 2017.

It is worth noting that the EIA predicts US oil production will increase through 2017 to 8.86 million barrels a day.  This forecast is higher than previous forecasts.

December 08, 2016, 08:46:12 AM by TradersCom
Views: 341 | Comments: 3

ECB President Mario Draghi made it clear that he didn't want the euro higher as he talked up QE, down inflation in thepost ECB meeting press conference.

Draghi QE Headlines

QE to the end of Dec 2017, will adjust parameters from Jan 2017
Can expand or extend QE as needed
Raised purchases to €540bn from expected €480bn
ECB will act by using all the instruments within mandate
QE extension allows for more market presence
ECB does not fear legal problems from changing the QE parameters
December 07, 2016, 06:51:38 PM by TradersCom
Views: 720 | Comments: 2

EIA's Weekly Gas Storage Report Report Date: 12/08/16

Weather and natural gas futures prices has been aptly described as brutal since it held and lifted off $3 to the $3.73 outer range.  Last week we had a larger draw of -50 Bcf.  Expect more volatility as weather signals remain mixed for days, weeks and months out. Divergence versus , convergence that is natty right now.  Make sure you are familiar with the daily, weekly and monthly levels from @knovawave and @cloudchartist it is one of those seasons.

Weather last week was 13 percent warmer than this week last year and 14 percent warmer than the five-year average. For this week Bentek’s Flow Model came in at -35 Bcf this week, the SD Model higher at -37 Bcf.

Actual  -42 Bcf Prior -50 Bcf
Consensus Forecast  -39 Bcf
Cons. Range: -32 to -53 Bcf
EIA swap: -33 to -34 @ CT 15.13

December 07, 2016, 03:18:20 PM by ThePitBoss
Views: 578 | Comments: 5

Active leisurewear maker Lululemon Athletica $LULU known for its Yogawear beats analysts expectations for Q3 earnings handily. Lululemon also gave strong guidance going forward.

Earnings EPS of 47 cents v. 43 cents exp on revenue of $544.4 million v.  $479.69 million exp, a 13% increase. Comparable sales including direct-to-consumer rose up 7%, with normal comps up 4%.

Reaction Lululemon jumped 11% after hours after the Shares had closed up 4.5% as the S&P 500 hit all time highs today.

Pages: [1] 2

Google Ads

What’s ahead this week:
Dec 5   ISM Services
Dec 6   Productivity-Rev.
Dec 6   Unit Labor Costs - Rev.
Dec 6   Trade Balance
Dec 6   Factory Orders
Dec 7   MBA Mortgage Index
Dec 7   JOLTS - Job Openings
Dec 7   Crude Inventories
Dec 7   Consumer Credit
Dec 8   Initial Claims
Dec 8   Continuing Claims
Dec 8   Natural Gas Inventories
Dec 9   Mich Sentiment
Dec 9   Wholesale Inventories

Is Another Lehman Blunder Coming Up?

via @TheBubbleBubble

Proportion of IPOs done by loss-making companies was over 70% in the past 2 years

via @Callum_Thomas

Hedge Fund Launches Dwindle to 16-Year Low as Returns Lag

via @NickatFP

Eurozone QE bond buying passes €1tn mark

via @Schuldensuehner