Events
Another cloud IPO screams higher

Another cloud IPO screams higher

Last week Zscaler (ZS) ripped to a new high on strong earnings. Today, it's Pivotal Software's (PVTL) turn. PVTL rose about 25 percent in morning trading to a new high after subscription revenue shot up 69 percent. Profit beat. Revenue beat. Guidance wowed. Never...

Don’s Notebook June 13, 2018

Don’s Notebook June 13, 2018

The Federal Open Market Committee is expected to announce a quarter-point increase in interest rates when it publishes its decision at 2:00 p.m. Eastern Time today. If that happens, investor focus could turn to the dot-plot projections for clues concerning further...

Here come the central banks

Here come the central banks

Now that the North Korean summit is finished, attention turns to major central bank meetings on both sides of the Atlantic. Both are expected to push interest rates higher. The U.S. Federal Reserve gets things started at 2 p.m. ET today. Forecasts across the board...

Don’s Notebook June 12, 2018

Don’s Notebook June 12, 2018

Any new pressure in core consumer prices in the CPI would be an unknown today, but markets are certain to focus on the outcome of the U.S.-North Korean summit. The Consumer Price Index showed prices moved slightly higher in results for May that were in line with...

Don’s Notebook June 11, 2018

Don’s Notebook June 11, 2018

There is a good chance that today’s market focus will be more on the upshot of the weekend's G-7 meeting, and the Singapore summit between President Trump and North Korean dictator Kim Jong Un which is due to begin at 9:00 p.m. ET. On Wednesday the Federal Reserve...

Don’s Notebook June 8, 2018

Don’s Notebook June 8, 2018

This morning’s Wholesale Trade report from the U.S. Department of Commerce will highlight inventories which have been building at a steady pace in line with underlining sales and adding to GDP. Wholesale sales and inventory data give investors a chance to look at the...

The Shocking Truth About IPOs

The Shocking Truth About IPOs

For years, initial public offerings performed poorly. But that seems to be changing right before our eyes. Several companies have ripped higher since going public in the last few months. Technology has dominated the trend, including some prominent names from China....

Don’s Notebook June 7, 2018

Don’s Notebook June 7, 2018

The US Department of Labor Jobless Claims report offered a very useful signal of labor market strength in May which foreshadowed last week's employment report and 3.8 percent unemployment rate. Initial claims totaled 222,000 in the week of June 2nd with the 4-week...

Don’s Notebook June 6, 2018

Don’s Notebook June 6, 2018

Today's International Trade report for April from the US Department of Commerce offers details on the first tariff effects. Overall, exports rose 0.3 percent in the month to $221.2 billion with goods, led by a gain for industrial supplies and also food, up 0.2 percent...

IPOs keep on coming in May

IPOs keep on coming in May

Initial public offerings had their best May since 2013 and remain firmly ahead of last year’s pace.