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 31st, 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