ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Over the past several quarters I have looked to Acuity Brands (AYI) as a potential signal of the earnings season to come, especially when it comes to commercial real estate. For several quarters, AYI has reported dour news about its industry and the economy. Sometimes traders and investors sold the news, sometimes they bought it. … Read more
Commercial Bankruptcies Jumped in March – WSJ.com The total number of companies filing for bankruptcy in the U.S. jumped by more than 20% in March over the previous month, as business failures in the first quarter outpaced last year's total. The total number of commercial bankruptcy filings hit 8,208 in March, a sharp rise from … Read more
The bottom in Toyota’s stock is looking more and more firm. As U.S. auto and truck sales rose 24.3% year-over-year in March, Toyota soared 40.7% on the wings of an intensive ad campaign and generous sales incentives. While one can argue that Toyota bought future sales, these numbers remain astounding in light of the recent … Read more
Insider buying at First Solar (FSLR) continues to mark a near-term bottom in the stock, but the recovery from February’s post-earnings losses has unfolded much more slowly than I expected. FSLR is up 18% since printing a bottom on February 25, the day before FSLR’s CEO and EVP of Marketing & Product Management purchased a … Read more
Looks like the Swiss National Bank (SNB) tried to have the last laugh on this April Fool’s Day with another attempt to arrest the appreciation in its currency. This intervention was impressive with a 240 pip pop (2.3% move overall), but it only brought the currency back to last week’s trading levels. Source: dailyfx.com charts … Read more