Why Darden’s Fiscal 3Q18 Earnings Failed to Impress

Darden Restaurants (DRI) posted its fiscal 3Q18 earnings before the market opened on March 22.

Fiscal 2017's Top Oil and Gas Producers

This series focuses on the top five upstream oil and gas producers based on their fiscal 2017 numbers.

pipeline image
Analyzing Plains All American Pipeline’s Rise in 2018

So far, Plains All American Pipeline (PAA) has risen 2% in 2018. Plains All American Pipeline has outperformed many of its MLP peers.

US Indexes Fell Sharply—Is a Trade War with China in the Offing?

On March 22, 2018, President Trump announced the imposition of retaliatory tariffs on up to $60 billion on China’s imports.


Empire State Manufacturing
Empire State Manufacturing falls to 3.05 in April

The Empire State Manufacturing Survey is a barometer of economic conditions in New York State The Survey is put out by the New York Fed and covers a wide range…

NAHB Homebuilder Sentiment Index
National Association of Homebuilders Sentiment Index falls in April

The National Association of Homebuilder Sentiment Index is a closely-watched measure of future building activity The National Association of Homebuilders Sentiment Index measures the confidence of homebuilders. It gauges builder…

Negative Equity
Mark Zandi as new FHFA head could usher in principal mods for conforming loans

Numerous Sources have reported that Moody’s Chief Economist Mark Zandi could replace Ed DeMarco as the head of the Federal Housing Finance Agency The Acting Head of the Federal Housing…

2013.04.15 - WTI-Brent LT
WTI-Brent spread widened slightly last week after eight consecutive weeks of narrowing

The spread between WTI and Brent crudes moved slightly higher this past week. However, over the past two months the spread has narrowed significantly, which is a positive medium term catalyst for domestic producers as compared to international producers.

2013.04.15 - Nat Gas Prices
Strong eight week long natural gas rally positive for gas-weighted names like CHK

Natural gas prices continued a strong eight week rally, benefiting revenues for natural gas producers such as Chesapeake Energy.

JNK Historical Price 2013-04-15
JNK has second largest ever withdrawal

JNK has almost $12 billion under management, making the $380 million outflow from April 8th the second largest outflow ever. Fund flows are an excellent way to gauge investors sentiment in an…

BAML High Yield Master II Yield to Worst  2013-04-16
High yield bond insanity sets new record

Against all odds, the high yield bond yields ended last week setting a new record low. The average yield for the BAML High Yield Index was at 5.5%, after having started…

BAML High Yield Master II Effective Yield  2013-04-16
Where the wild yields go

The high yield market has maintained historically low rates thanks to quantitative easing, which may end sooner than expected. The Federal Reserve FOMC1  minutes were released earlier than usual on Wednesday,…

2013.04.15 - US Nat Gas Rig Counts
Natural gas rig counts up by two last week, still down 62 from YE2012

US natural gas rigs rose very slightly on the week, however, rig counts dropped significantly over the past month and are down since the beginning of the year.

2013.04.15 - US Oil Rig Count
Oil rig counts continued to rise last week, signaling strength in US operating environment

Last week, the US oil rig count climbed ~2% and rig counts are up ~5% since the beginning of the year. This could be a signal that domestic producers are feeling positive about the current price and operating environment and are willing to put more capital to work to drill oil.

Business Inventories
Business Inventories Increase .1% in February

Business Inventories and Sales data helps predict economic activity Business inventories are important drivers of the economy, especially when they build. Historically recessions start with a buildup of inventory, which…

2013.04.15 - HY Index
Decreasing high yield rates mean cheaper funding for non-investment grade companies

Debt financing for high yield companies is at historic low rates and continued to get cheaper last week.

HSBC India Manufacturing PMI 2013-04-08
India's manufacturing growth steps on the brakes

The March manufacturing PMI showed that the sector slowed down considerably driven by power cuts and decreased orders. The HSBC Purchasing Managers Index for India is now at 52, which…

MBS Yields
Yields on MBS rising after falling sharply last Fall

Yields on agency mortgage-backed securities are rising again after bottoming out last Fall This chart shows the yield on newly-issued Fannie Mae mortgage backed securities. This is not the rate…

Spread between 30-year fixed rate mortgages and 5/1 ARMS tightens

The spread between the 30-year fixed rate mortgage and the 5/1 ARM changes over time After the financial crisis, Adjustable Rate Mortgages (ARM) got somewhat of a dirty name. Lenders…

Producer Price Index drops .6% in March

The Producer Price Index measures inflation at the wholesale level Inflation at the wholesale level has been typically taken to predict inflation at the consumer level. In a normal business…

Bloomberg Consumer Comfort
Bloomberg Consumer Comfort Index rises slightly to -34

The Bloomberg Consumer Comfort Index rose to -34 for the week ending April 7th The Bloomberg Consumer Comfort Index is a weekly sentiment index that covers three critical variables: the…

Natural Gas Price
Natural gas price hits above 4 dollars, fertilizers drop

Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A…

Tanker orders fall from last week, but trend remains positive

Tanker orders can be used to reflect oil shipping company managers’ expectations of future supply and demand. Managers often place new orders when future demand is expected to increase more…

World equity 04.12.2013
Foreign stock fund flows continue at break neck pace

Foreign stock fund flows continued their torrid pace to close the first quarter with the year-to-date 2013 total at now unprecedented levels. According to the Investment Company Institute (ICI), foreign…


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