PonyWang The DoubleLine Income Solutions Fund (NYSE:DSL) is a closed-end fund that income-focused investors can purchase in an effort to earn a respectable level of cash flow from their assets. This is something that retirees might appreciate, as the persistently high level of inflation that has been dominating the American economy over the past few…
Galeanu Mihai/iStock via Getty Images Overview Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its proverbial breath today, but the shallow consolidation suggests the moves are not over. The ECB meeting is likely to highlight the…
wimagine/iStock via Getty Images Fundamentals The discussions within the BRICS bloc about creating an alternative payment system signify a significant geopolitical shift with far-reaching economic implications. Led by Russia, this move underscores a growing desire among emerging economies to reduce dependence on the United States and the dollar-dominated financial infrastructure. The BRICS bloc, now expanded…
Monty Rakusen/DigitalVision via Getty Images The March US employment data were stronger than expected and lend support to the re-acceleration hypothesis and an extension of US exceptionalism. In Q1 24, nonfarm payrolls rose by an average of 276k. It was the strongest quarter in a year and compares with an average monthly job gain of…
bpawesome Last week will be remembered for several things. First, the Bank of Japan lifted its interest rate target for the first time in 17 years and formally ended its Yield Curve Control and ceased buying ETFs. The yen sold off and the dollar approach the 2022 and 2023 cap slightly below JPY152. Japanese officials…
Kevin Dietsch The Fed concluded their second FOMC meeting of the year on March 19th. The official Policy Statement contained two Policy Decisions: The Fed will maintain the Fed Funds Rate at the target range of 5.25% to 5.50% The Fed will continue reducing holdings of its Treasury securities and MBS as previously announced. The…
airdone With a market capitalization as of this writing of $45.39 billion and an estimated enterprise value of $70.11 billion, Realty Income (NYSE:O) is one of the largest publicly traded REITs on the planet. The company experienced a bit of a boost to its size earlier this year when management completed the acquisition of another…
Iana Miroshnichenko Overview The US dollar (DXY, USDOLLAR) is offered today. It is trading softer against all the G10 currencies, with the yen the notable exception, and it is flat. The Antipodean are leading the way, taking out last week’s highs, as has the euro. That said, the intraday momentum indicators are stretched as NY…
herkisi Overview The dollar (USDOLLAR, DXY) is offered ahead of today’s US jobs report, even though expectations are for solid, if not spectacular, jobs growth of around 185k. The Australian and New Zealand dollars are leading today’s move, while the euro approached $1.09, which it has not traded above this week. Sterling neared the lower…
Nerthuz By Andrew Prochnow Numerous investors and traders track the CBOE Volatility Index (VIX) to gauge market sentiment in the U.S. stock market. Nonetheless, it could be contended that the U.S. Dollar Index (DXY) holds comparable significance in assessing investor sentiment within the U.S. financial markets. The dollar, after all, is the world’s top reserve…
Cathie Wood Predicts $4 Billion Inflows in Ark 21Shares Bitcoin ETF In a recent statement, Cathie Wood, head of ARK Invest, revealed that her fund is actively engaging with a diverse range of institutions, including state pension funds and treasurers. The objective is to secure initial investments into the Ark21Shares Bitcoin ETF, with the ticker…
Iana Miroshnichenko Overview The dollar continues to consolidate broadly after the dramatic price swings at the end of last week. For the most part, the greenback remains inside yesterday’s ranges, which were inside last Friday’s. The G10 currencies are a little heavier today, except the Japanese yen and Norwegian krone, which are posting small gains….
Originally posted on Unlimited Hangout. One of the oddest and most mysterious relationships that emerged out of the collapse of FTX last year was Alameda Research’s unusual relationship with Farmington State Bank, one of the smallest, rural banks in the United States that came under the control of Jean Chalopin in 2020. Chalopin is best…
Dollar General Corporation (NYSE:DG) Q3 2023 Earnings Conference Call December 7, 2023 10:00 AM ET Company Participants Kevin Walker – Vice President, Investor Relations Todd Vasos – Chief Executive Officer Kelly Dilts – Chief Financial Officer Conference Call Participants Rupesh Parikh – Oppenheimer Simeon Gutman – Morgan Stanley Matthew Boss – JPMorgan Matthew Boss –…
Scott Olson Dollar General Corporation (NYSE:DG) is set to report results for its Q3 that ended October 31st, 2023 after hours on Thursday, December 7th. Analysts expect the company to report a GAAP EPS of $1.21/share on the back of $9.64 billion revenue. Should Dollar General meet the estimates, it’d represent a YoY EPS decline…
da-kuk/E+ via Getty Images Overview After being bludgeoned, the dollar is having one of its best days of the month. It is rising against all the major currencies. The Dollar Index (USDOLLAR, DXY) is up about 0.5%, which is the most since the end of October. The greenback is also firmer against all the emerging…
Dollar Tree, Inc. (NASDAQ:DLTR) Q3 2023 Earnings Call Transcript November 29, 2023 8:00 AM ET Company Participants Bob LaFleur – SVP, IR Rick Dreiling – Chairman and CEO Jeff Davis – CFO Conference Call Participants Michael Lasser – UBS Simeon Gutman – Morgan Stanley Paul Lejuez – Citi Edward Kelly – Wells Fargo John Heinbockel…
herkisi Overview The dollar is beginning the week on a soft note, despite the modest backing up of yields over the last couple of sessions and better-than-expected data, including Black Friday sales and the preliminary November PMI. It is sporting minor losses against all the G10 currencies but the Canadian dollar, which is the weakest…
Oleg Elkov/iStock via Getty Images Overview Last week’s dollar losses have been extended today. The yen is leading the move, encouraged by talk of buying by a large US real money fund. The Dollar Index is off about 0.35% after sliding 1.8% last week. It is below the 200-day moving average for the first time…
Gian Lorenzo Ferretti Photography The Fed is done raising rates which means 2024 offers business development companies a dynamic and perhaps more difficult macroeconomic environment to generate investment income. The current Fed funds rate at 5.25% to 5.50% is also likely to have been cut by 50 to 100 basis points by the end of…
dem10 I last wrote on the Vanguard Total International Stock Index Fund ETF (NASDAQ:VXUS) in December 2022, arguing that the dollar had peaked which would provide the impetus for international equity outperformance versus the US. Since then, the dollar has drifted higher, leading to continued VXUS underperformance, but the tide now seems to be turning…
RiverNorthPhotography Overview McDonald’s Corporation (NYSE:MCD) has been around longer than sticky notes have. No seriously, that’s a true fact! Founded in 1940, MCD has been the go-to cheap spot to eat for a lot of our families. As you’ve probably noticed, McDonald’s isn’t so cheap anymore. Long gone are the days of the $1 McChicken…
herkisi By Chris Turner Fed-driven dollar weakness will be a story for 2024 The dollar opens November close to the highs of the year. Normally, November and December are soft months for the dollar. This year, however, it is hard to see the dollar giving back its gains before year-end. Driving that dollar strength continues…
tadamichi Good chart from Gary S. Morrow (@garysmorrow) showing the dollar backing away from stiff resistance, which is happening just in time for the seasonal, 4th quarter rally, for the S&P 500. The DXY (dollar index) and the UUP (Invesco dollar bullish fund) are lower today on the weaker US payroll report. As the chart…
aluxum By Bradley Krom WisdomTree launched our first currency (FX) funds back in 2008, at a time when short-term interest rates were still anemic on account of the global financial crisis. Now, short-term rates have risen to levels not seen since the mid-2000s, while longer-duration fixed income strategies have gone negative three years in a…
Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar. Bitcoin layer-2 infrastructure firm Lightning Labs has officially launched the mainnet of Taproot Assets, a protocol that supports the issuance of stablecoins and real-world assets on the Bitcoin and Lightning networks. According to an official announcement, the mainnet release…
selamiozalp/iStock via Getty Images There are many analysts who have moved to the forecast that in the next six months or so, the U.S. dollar price of the Euro will drop to $1.00 or so. There seem to be two major reasons for the feeling that the price will decline from about $1.0530 to “parity”….
kentoh/iStock via Getty Images Deals and Financings Suzhou MediLink Therapeutics out-licensed global rights (ex-China) for its antibody-drug conjugate candidate against Human Epidermal Growth Factor Receptor 3 (HER3) to BioNTech (BNTX) in a $1.1 billion agreement (see story). BioNTech will pay $70 million upfront to MediLink and be responsible for more than $1 billion in milestone…
Brandon Bell/Getty Images News Dollar General (NYSE:DG) received a much-needed uplift on Friday following news that it was bringing back current Board member, Todd Vasos, back to his role as CEO. The announcement sent shares up nearly 8% in extended trading on Thursday. And the stock retained those gains through the early morning hours on…
Scott Olson It has been a long time since I covered Dollar Tree (NASDAQ:DLTR); in fact, it was January 2019 when I wondered if Starboard was the solution. At the time, the activist investor was pushing for a sale of Family Dollar (among other measures) as Dollar Tree actually bought the business in 2015 in…
herkisi/iStock via Getty Images The US reports September CPI on October 12, and the first decline in three months in the year-over-year rate is expected. However, the price action itself may overshadow not only the CPI but other high-frequency data in the week ahead. US grew more than twice the number of jobs in September,…
bobainsworth/E+ via Getty Images The U.S. dollar cost of a euro (EUR:USD) dropped below $1.0500 again today. Yes, the U.S. dollar dropped below $1.0500 in December 2022, but doubts had crept into the fact that the dollar was trading so strongly. However, we are back in a period of time where many, many investors see…
Yurii Kifor The WMT Investment Thesis Remains Robust Walmart (NYSE:WMT) is a stock that requires no introductions, due to its growing eCommerce presence, large retail footprint with over 4K outlets in the US, and over 10.5K outlets globally. WMT Beats Rivals On Prices Reuters Most importantly, thanks to its improved affordability and competitively priced offerings,…
Brandon Bell/Getty Images News Dollar Tree (NASDAQ:DLTR) has just experienced a monster sell-off, amounting to -35% in size for a price decline during late summer. Shares are now trading at a fairly attractive overall valuation, with price sitting at the same level as 2019. In terms of growth at a reasonable price [GARP-style investing], DLTR…
The US Census Bureau reported that Durable Goods Orders in August improved by 0.2% month-on-month (m/m) following a 5.6% decline in the previous reading. The EUR/USD currency pair, one of the important barometers of global economic sentiment, found itself under pressure during the early Asian session earlier today, struggling around the 1.0500 mark. EUR/USD Pair…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin Building Massive Support Range Bitcoin is stuck between strong support and resistance. Breaking out of…
FrankvandenBergh Overview The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback’s push. Most emerging market currencies are heavier, with the…
Brandon Bell/Getty Images News Investment Thesis Dollar General Corporation (NYSE:DG) is one America’s largest variety retail stores. They target lower-income households across rural and underserved regions in America. Recent struggles due to falling consumer spending and increasing COGS has placed downward pressure on shares resulting in a massive 53% YTD selloff. However, the firm’s fundamental…
jetcityimage As pretty much everyone knows, Dollar General (NYSE:DG) has been beaten down recently. Its stock price has fallen over 50% YTD, and just keeps dropping after every poor quarter. Today, the company is trading for ~11x 2022’s diluted EPS and roughly 16x the low end of their 2023 FY EPS guidance. The company is…
Piotrekswat/iStock via Getty Images Retirement is not meant to be stressful, especially about money. In retirement, you should not be waking up thinking about how to meet your monthly budget. You worked hard, and the last thing you want is to worry about your basic financial needs. However, to achieve the above goals and ambitions,…
jetcityimage Introduction Dollar General Corporation (NYSE:DG), to which we will also refer as “DG” throughout the article, reported what appeared to be bad Q2 earnings a couple of weeks ago. We say they “appear to be bad earnings” because we have not looked at the company in detail to have an opinion on its fundamentals….
DieterMeyrl/E+ via Getty Images Introduction More changes are coming to my Weekly Breakout Forecast reporting on the doctoral research analysis of MDA breakout stock selections over more than 8 years. This high frequency breakout portfolio subset I regularly release has now reached 327 weeks of public selections on Seeking Alpha as part of this ongoing…
tsingha25 Last week’s comment on the future of the U.S. dollar was…”keep an eye on the value of the dollar.” Well, the U.S. dollar had a strong week, especially against the Euro. The Euro is facing an eight-week decline against the U.S. dollar. Last week was particularly strong. Here is the latest view of the…
aydinmutlu By Fawad Razaqzada We saw European indices fall across the board first thing this morning and in FX, the major currency pairs like the GBP/USD and EUR/USD dropped to their lowest levels since June while the NZD/USD hit a fresh low for the year. Things weren’t looking too promising for gold either, with the…
Vertigo3d Overview Position-squaring ahead of today’s US personal consumption data and perhaps tomorrow’s jobs report is giving the dollar a firmer profile against most G10 and emerging market currencies. The Scandis have been hit hardest and are off 0.75%-0.85%; the euro and sterling are about 0.35%-0.45% lower. The yen is the only G10 currency that…
blackred/iStock via Getty Images Overview Many market participants sense an inflection point is near. The dollar settled last week beyond key levels against several major currencies, bolstered by higher short-term US rates. The market is aware that the Bank of Japan could intervene in the foreign exchange market with the trading near its best levels…
China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve’s Jackson Hole symposium for any further guidance. On Monday, August 21, China announced its decision to cut the one-year benchmark lending rates with authorities seeking to ramp up efforts…
Igor Kutyaev Overview The new week, which features the BRICS meeting and the Jackson Hole symposium, is off to a quiet start. The failure of Chinese banks to pass through last week’s 15 bp cut fully into the lending prime rates was a major disappointment, and the logic is not yet clear. The yuan and…
Jens Rother/iStock via Getty Images The dollar has rebounded sharply in recent weeks as rates have risen, and the US economy has been far more resilient than many analysts and investors have feared. This rebound in the dollar could lead to a much more substantial move higher. Such a move higher could be devasting for…
MarsYu There seem to be three large forces shaping the investment climate. First is the resilience of the US economy, with four consecutive quarters of above trend growth. It appears that the US economy may be expanding faster than the 2.4% annualized pace seen in Q2. Many of the largest naysayers have capitulated. Second, the…