In my November 2 note (here), I talked about three big changes this year that have been underemphasized by Wall Street and the financial media but have changed the outlook for the global economy and global markets.
Among them is Japan's latest policy move, which licensed them to do unlimited QE.
In September they announced that they would peg the Japanese ten-year government bond yield at ZERO. At that time, rates were deeply into negative territory. In that respect, it was actually a removal of monetary stimulus in the near term--the opposite of the what the market was hoping for, though few seemed to understand the concept.
I talked about it earlier this month as an opportunity for the BOJ to do unlimited QE, and in a way that would allow them to keep stimulating the economy even as growth and inflation started moving well in their direction.
With this in mind, the Trump effect has sent U.S. yields on a tear higher. That move has served to pull global interest rates higher too--and that includes Japanese rates.
daily stock market: MFRI Inc.(MFRI)
Advisors' Opinion:- [By Jim Robertson]
On Wednesday, our Under the Radar Movers�newsletter suggested�small cap piping systems stock MFRI, Inc (NASDAQ: MFRI) as a short-term long/bullish trade:
daily stock market: Protective Life Corporation(PL)
Advisors' Opinion:- [By David Sterman]
My favorite insurers: AIG (NYSE: AIG) (which I discussed a few months ago), Protective Life (NYSE: PL) and Reinsurance Group of America (NYSE: RGA).
daily stock market: Jabil Circuit Inc.(JBL)
Advisors' Opinion:- [By Monica Gerson]
Jabil Circuit, Inc. (NYSE: JBL) is projected to post its quarterly earnings at $0.60 per share on revenue of $4.50 billion.
Guess?, Inc. (NYSE: GES) is expected to post its quarterly earnings at $0.58 per share on revenue of $657.59 million.
- [By Lisa Levin]
Shares of Jabil Circuit, Inc. (NYSE: JBL) were down 10 percent to $19.86 as the company reported weaker-than-expected results for its fiscal second quarter and lowered its full-year outlook.
- [By Peter Graham]
After the market closed yesterday, mid cap electronic manufacturing services (EMS) stock Jabil Circuit, Inc (NYSE: JBL), who gets around 24% of revenue from Apple Inc (NASDAQ: AAPL), reported fiscal Q4 revenue and profit that topped analysts�� expectations. Net revenue for the fourth quarter�fell 5% to�$4.4 billion and GAAP net income was $38 million versus $87.7 million. For the year, net revenue increased 3% to $18.4 billion and GAAP net income�was $254 million versus $284 million. The CEO commented:
- [By Amber Hestla, Michael J. Carr]
Another Apple supplier to consider is Jabil Circuit (NYSE: JBL), a company that offers a number of manufacturing services to customers in the technology sector.
- [By Monica Gerson]
Analysts expect Jabil Circuit, Inc. (NYSE: JBL) to post its quarterly earnings at $0.60 per share on revenue of $4.50 billion. Jabil Circuit shares fell 0.83 percent to close at $21.42 yesterday.
daily stock market: Alimera Sciences, Inc.(ALIM)
Advisors' Opinion:- [By Lisa Levin]
On Thursday, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Alimera Sciences Inc (NASDAQ: ALIM) and Anthera Pharmaceuticals Inc (NASDAQ: ANTH).
- [By Lisa Levin]
Alimera Sciences Inc (NASDAQ: ALIM) shares shot up 59 percent to $1.69 after the company reported preliminary Q2 revenue. Alimera Sciences announced preliminary revenue of $9.3 million to $9.5 million.
daily stock market: Exa Corporation(EXA)
Advisors' Opinion:- [By Monica Gerson]
Exa Corp (NASDAQ: EXA) is projected to post a quarterly loss at $0.08 per share on revenue of $16.68 million.
Thermon Group Holdings Inc (NYSE: THR) is estimated to report its quarterly earnings at $0.19 per share on revenue of $65.24 million.
daily stock market: Coeur d'Alene Mines Corporation(CDE)
Advisors' Opinion:- [By Ben Levisohn]
Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:
- [By Manikandan Raman]
Citing bullish outlook on silver prices, Peter Bures of Canaccord Genuity has started coverage of four silver producers: Pan American Silver Corp. (USA) (NASDAQ: PAAS), Coeur Mining Inc (NYSE: CDE), Hecla Mining Company (NYSE: HL), and Endeavour Silver Corp (NYSE: EXK). The brokerage also assumed coverage of Fortuna Silver Mines Inc (NYSE: FSM) with a Buy rating.
- [By Ben Levisohn]
Given revised commodity deck forecasts (particularly for Steel and Gold) and improved Balance Sheet health (Steels, Precious and Industrials Metals) we are upgrading our ratings on several stocks in our coverage. We generally favor companies that have already initiated specific ��self-help��, have low-cost assets and are less exposed to China supply and demand dynamics. In Steels, we have increased our rating from Hold to Buy on Nucor (NUE) and from Sell to Hold on US Steel. We have also upgraded Kinross Gold (KGC) to a Hold on valuation…On higher-than-peer valuations, we reiterate Sell-rated Coeur Mining (CDE), Franco-Nevada (FNV), Goldcorp (GG), Teck Resources (TCK) and highly leveraged AK Steel given preference to issue further equity if possible.
