TaintedAlpha.com Blog Returns On Monday
I will be away from the markets (at least mentally) for the next week or so. Regular service continues on Monday, June 7.
Archive for May, 2010
New Week Intro May 31, 2010
Important U.S. earnings this week: Monday: Urstadt Biddle Properties (UBA), Adaptec (ADPT) Tuesday: Calavo Growers (CVGW), Stanley (SXE), Cantel Medical (CMN), Collective Brands (PSS) Wednesday: Greif (GEF), Daktronics (DAKT), Coldwater Creek (CWTR), Applied Signal Technology (APSG), Cyberonics (CYBX), ABM Industries (ABM), United Natural Foods (UNFI), Thursday: SAIC (SAI), Joy Global (JOYG), Jos. A Bank Clothiers […]
Rig Count Weekly May 31, 2010
We had 17 more crude oil drilling rigs operating and 2 natural gas operating rigs less for the week ending May 28 in the U.S. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
Dry Bulk Weekly – May 31, 2010
Baltic dry index rose 6.1% last week, again Capesizes giving the direction with 20.8% gain. Panamax, Supramax and Handysize Index all recorded losses and underperformed the broader index. China Iron ore stockpiles again rising, Capesize rates probably fueled by coming India rain season which makes iron ore exports virtually impossible, so buyers have to turn […]
Tanker Weekly – May 31, 2010
Baltic Dirty Tanker Index fell 13.6%; Baltic Clean Tanker Index fell 4.5%. With trans-Atlantic product arbitrage being dead and world commodity markets rocking, the only possible route for the over-supplied market is down. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
U.S. April Personal Income & Consumer Spending Disappoint
Personal income rose 0.4% MoM vs. 0.5% consensus and 0.3% March reading. On YoY level the personal income is up 2.5%. Consumer spending remained unchanged in April vs. 0.2% consensus and 0.6% prior reading. On YoY level the consumer spending is up 4.6%. Chart 1. Personal Income Chart 2. Consumer Spending
UOM/Reuters Consumer Sentiment For May At 73.6
Consumer sentiment for May came out at 73.6 vs. 73.3 consensus and 72.2 April reading. Chart 1. University of Michigan/Reuters Consumer Sentiment
U.S. Natural Gas Weekly – May 27, 2010
Working gas in storage rose 104 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
U.S. GDP Growth in Q1 2010 Revised to 3.0%
U.S. GDP growth in Q1 2010 was revised to 3.0%. The consensus was at 3.5%, Q4 reading was at 5.6%. Chart 1. U.S. Real GDP & Percent Change Source: Blytic.com
Initial Jobless Claims At 460.000
Initial jobless claims were reported at 460.000. The consensus was at 450.000, last week revised reading was at 474.000. Chart 1. U.S. Initial Jobless Claims
U.S. Petroleum Weekly – May 26, 2010
Crude oil stocks rose 2.5 million barrels; Other oils stocks rose 1.6 million barrels; Other category of stocks were mostly unchanged for the week ending May 21. Refinery utilization fell from 87.9% to 87.8%. Crude oil and petroleum product net imports rose to 11 million barrels. All categories of petroleum stocks are still at extremely […]
New Home Sales Rose 14.8% In April
New home sales rose 14.8% in April to 504.000, the consensus was at 425.000, prior reading was at 411.000. The first home-buyer tax credit program expiration again distorted the reading. Chart 1. New Home Sales Source: Blytic.com
Durable Goods Orders Rose 2.9% In April
Durable good orders rose 2.9% In April vs. 1.5% consensus and 1.3% decrease in March. Transportation taken out the figure was a decrease of 1.0% vs. 2.8% rise in March. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
S&P/Case-Shiller Composites Fell in March
10 city composite fell -0.4% and 20 composite fell 0.5% in February. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
Conference Board Consumer Confidence For May At 63.3
Consumer Confidence came out at 63.3 vs. 59.0 consensus and 57.9 for April. Large positive surprise. Chart 1. Conference Board Consumer Confidence