Posts Tagged ‘electronics’

Retail Sales Blow (December)

Retail Sales Blow (December)

Courtesy of Karl Denninger at The Market Ticker

Retailers Offer After-Christmas Sales

Interesting report….

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $353.0 billion, a decrease of 0.3 percent (±0.5%)* from the previous month, but 5.4 percent (±0.5%) above December 2008. Total sales for the 12 months of 2009 were down 6.2 percent (±0.2%) from 2008. Total sales for the October through December 2009 period were up 1.9 percent (±0.3%) from the same period a year ago.

Now remember, Census has some funny methodology in that they don’t count sales unless both the prior and current month is returned by the same store.  This means they overstate sales during declines in the economy, and understate them during expansions.

Looking inside the report we see a number of surprises in the year-over-year numbers.

Electronics were down – so much for the so-called "strong Christmas sales" in that category that everyone on ToutTV has been crowing about.

Food and beverage purchases were up – price inflation?

Gasoline was up huge, accounting for a huge percentage of the year/over/year increase all on its own.  Gee, that happens when the gas price goes up a lot, right?

Indeed, while there were positive changes in other categories (online was up 10%, as just one example) gasoline sales increased in dollar volume by thirty-four percent and accounted for a stunning $8.7 billion of the total $17.9 billion increase – roughly half.

What’s there to like in here?  I say "little or nothing" – gas sale increases are not positive, they’re negative as most gasoline demand is inelastic (you need it to get to work) as is food. 

The bright lights, such as they were, had clothing up 5% and general merchandise up 2%, both annualized.

Rather uninspiring when one considers that the inelastic components were the big movers on the positive side and that’s not good for discretionary spending capacity.

 


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Retail Sales Strong in November

Overview of retail sales in November. On the surface, retail sales exceeded expectations, but there are a few underlying problems--for instance, increases in gasoline prices, sampling changes, and an unclear effect of a seasonal adjustment. - Ilene

Retail Sales Strong in November

Courtesy of Jake at Econompic Data

Retail Sales Rise More Than Expected For Month Of November

ABC News:

Sales at U.S. retailers rose more than expected in November as consumers spent more on gasoline and a wide range of other goods, data showed on Friday, raising hopes of a self-sustaining economic recovery.

The Commerce Department said total retail sales increased 1.3 percent last month, the largest advance since August, after rising by a downwardly revised 1.1 percent in October. It was the second straight monthly gain. Sales in October were previously reported to have increased 1.4 percent.

Analysts polled by Reuters had forecast retail sales gaining 0.7 percent last month. Overall sales in November were boosted by strong receipts from gasoline stations, increased purchases of motor vehicles and parts, building materials and electronic goods among others. Gasoline sales surged 6 percent, the largest increase since June.

Compared to November last year, sales were up 1.9 percent, the first year-on-year gain since August 2008, a Commerce official said.

 

Source: Census

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Retail sales continue to rise

Courtesy of Tim Iacono at The Mess That Greenspan Made 

The Commerce Department reported that retail sales rose more than expected last month, up 1.3 percent in November after a gain of 1.1 percent in October. The November gain was the biggest increase since a 2.4 percent surge in August and brings the year-over-year change (unadjusted for inflation) back into positive territory for the first time in 15 months.

This came as something of a surprise to analysts because retailers across the country had been reporting lackluster sales during the holiday shopping season so far.



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Though the overall increase was paced by a 6.0 percent gain in gasoline station sales, due largely to higher gasoline prices, gains were broad based, only three of the 13 retail sales categories posting declines. Excluding gasoline,


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Zero Hedge

Our "Gaslight" Economy

Courtesy of ZeroHedge. View original post here.

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

If you don't like what these charts are saying, please notify The Washington Post to add the St. Louis Federal Reserve to its list of Russian propaganda sites.

Yesterday I described our gaslight financial system. Today we'll look at our gaslight economy. Correspondent Jason H. alerted me to the work of author Thomas Sheridan (...



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ValueWalk

PIA Flight PK-661 With 47 Oboard Crashes Near Abbottabad [List Of Passengers]

By Vikas Shukla. Originally published at ValueWalk.

A Pakistan International Airlines (PIA) flight on its way from Chitral to Islamabad on Wednesday has reportedly crashed near Havelian in Abbottabad. The PIA flight PK-661 departed from Chitral at 3:30 pm local time, and was supposed to reach Islamabad’s Benazir Bhutto International Airport at 4:40 pm. The plane disappeared from the air control radar soon after the take-off.

Image source: Faisal Akram / FlickrJunaid Jamshed and his family were among 47 onboard

There were 47 people on board the plane, including five crew members. The list of passengers included popular singer Junaid Jamshed and his family. According to ...



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Kimble Charting Solutions

Gold Bugs testing support cluster at this time!

Courtesy of Chris Kimble.

Gold Mining stocks started off the year like a rocket ship. Over the past 20-weeks, the popular Gold Miners ETF (GDX) has declined nearly 35%. This is one of its larger 20-week declines in its history! Create an opportunity? We think so!

This decline has the Gold Bugs Index (HUI) at a rare price point in the chart below.

CLICK ON CHART TO ENLARGE

...

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Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

European Stocks Rally for a Third Day Ahead of ECB Meeting (Bloomberg)

European stocks on Wednesday added to the previous session’s sharp gains, boosted by advances in miners and banks. Optimism the European Central Bank will extend its stimulus program at Thursday’s meeting has spurred equity gains this week, particularly in so-called peripheral markets perceived as riskier.

Oil Extends Drop as U.S. Output Seen Countering OPEC Supply Cuts (Bloomberg)

Oil extended declines below $51 a barrel amid speculation a p...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oil falls on output cut skepticism, OPEC and Russia output rise (Reuters)

Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

Brazil’s Reform Plan in Disarray After Senate Chief Removed (Bloomberg)

Brazil’s economic reform plan was thrown into disarray after a Supreme Court justice removed Senate chief Renan Calheiros just days before the upper house was scheduled to vote on a crucial spending cap bill. ...



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Chart School

Russell 2000 in Take Profit Territory

Courtesy of Declan.

The Russell 2000 pushes again into the 10% zone of historic high prices (1,388 would be enough for the 5% zone last seen in February 2011). Back in 2011 the index rallied for another couple of months before it lost 30% from its high.  The next few weeks would be a good opportunity to take some money off the table to use on the next swing low.


On the Daily chart the 'sell' trigger in MACD reversed with a new 'buy' trigger.

...

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Members' Corner

Trump, Meet The New Boss?

Courtesy of Nattering Naybob.

Over at Philstockworld... High Finance for Real People - Fun and Profits... 

StJL - "Once again, I think that the middle class voters who turned in great numbers for Trump will soon realize that they voted against their best economic interest. Trump will only be part of the equation – the GOP Congress can't wait to weaken the social safety nets that are so needed by the same people who are so happy today. But too late now I guess"
No surprises here as all along we maintained the memory of what happened in 2000. With that fresh in mind, rather than forgotten in the past, we knew that given the indoctrination of the electorate, anything was possible and history keeps repeating itself...

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Promotions

Phil's Stock World's Las Vegas Conference!

 

Come join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017.            

Beginning Time:  8:00 am Sunday morning

Location: Caesar's Palace in Las Vegas

Notes

Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)

The more people who sign up,...



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OpTrader

Swing trading portfolio - week of December 5th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Digital Currencies

Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

The government’s request is part of a bitcoin tax-evasion probe, and se...



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Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



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Biotech

Epizyme - A Waiting Game

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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