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Jack Goss

SDR Bonds set to Become New Global Reserve Currency?

On October 1 the Chinese Renminbi will be officially admitted into the Special Drawing Rights (SDR) Bond’s issued and held by the IMF. This could be a huge step in bolstering the already strong Chinese currency, but its other implications could be much bigger on a global scale. Until now, these SDR’s only had 4 […]

The Year That Was for Google

Google is among the top 5 companies whose annual performance on the stock market has shored up performance of the S&P 500 during 2015. The internet giants have had a good year registering returns of 39.46% to date. The other 4 strong performing stocks for 2015 have been retail giants, Amazon, Microsoft, Facebook, and General […]

How Investors Can Prepare For a Stock Market Crash

Nobody is able to predict what will happen in the financial markets with 100% accuracy. In fact, even the most savvy investor will make incorrect predictions and will make losses in the financial markets. But there are steps that investors can take to lessen the financial impact in the case of a stock market crash. […]

Wall Street Experts Challenge Buffet’s Prediction of a 2016 Stock Market Crash

Views are mixed on what the US stock market will look like in 2016. Investment gurus like Warren Buffet and John Paulson, have made their positions very clear and their actions back up the belief that the stock market could crash in 2016. On the other hand, Wall Street does not agree with this prediction […]

Apple, Smart Money Industry Darling, Loses its Top Position

Apple has fallen from its lofty number 1 position down a clear three places to the number 4 position in the stock tech industry for the first time in over 12 months. This drastic tumble follows a 3 month period ended September 2015 when investors sold a whopping $1.2 billion of Apple shares! This is […]

Nike Stock Soaring High

Sportswear retailer, Nike, is beginning to get the attention of stock investors with the stellar performance of its stocks in recent times. Nike stock trades on the Dow Jones Industrial Average and since 2013 shareholders have been rewarded with generous quarterly dividends. The latest dividend offer, which was just announced on Thursday, is 32 cents […]

U.S. Manufacturing Continues To Grow In March

( – U.S. manufacturing continued to improve during the first quarter of 2014, according to the Monday’s Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI). The composite index for March was 55.5, which was down from February’s 57.1 but the second highest since January 2013. For the full first quarter of 2014, the U.S. Manufacturing […]

FedEx Misses Expectations, Blames Weather

( – FedEx Corporation (NYSE: FDX) has reported weaker than expected results for its third quarter, which the company attributed mainly to the weather. Net income for the quarter ended February 28, 2014 was $378 million, or $1.23 per diluted share, compared to $361 million, or $1.13 per diluted share, in the third quarter of […]

American Eagle Outfitters Results Down After Disappointing Holiday Season

( – American Eagle Outfitters, Inc. (NYSE: AEO), the specialty clothing retailer, reported sharply lower sales and profits for its fourth quarter after a disappointing holiday season with heavy discounting and other promotional activity. Net income for the 13 week quarter ended February 1, 2014 (fiscal 2013) was $10.5 million, or $0.05 per diluted share, […]

Costco Results Down, Largely From Holiday Period

( – Costco Wholesale Corporation’s (NASDAQ: COST) second quarter results missed expectations as holiday season pricing and a strengthening dollar hurt sales and the bottom line. For the 12-week second quarter ended February 16, 2014, net income attributable to Costco was $463 million, or $1.05 per diluted share, compared to $547 million, or $1.24 per […]

Construction Spending Up In January, Led By Private Construction

( – According to estimates released this morning by the Census Bureau of the U.S. Department of Commerce, U.S. construction spending in January was at an annual rate of $943.1 billion**, up 0.1 percent, or $1.2 billion, over the revised December estimate, and up 5.2 percent over the estimate for January 0f 2013. Private construction […]

DreamWorks Shares Fall On Disappointing Results

DreamWorks Animation SKG, Inc. (NASDAQ: DWA) shares fell over 9 percent in after-hours trading after reporting disappointing fourth quarter results on Tuesday. For the fourth quarter ended December 31, 2013, net income attributable to DreamWorks Animation SKG, Inc. was $17.2 million, or $0.20 per diluted share, compared to a loss of $82.7 million, or negative […]

The Carlyle Group Reports Surge In Income

The Carlyle Group L.P. (NASDAQ:CG) has announced much better than expected results for its fourth quarter, with GAAP net income up by a factor of six over the net income reported for the 2012 fourth quarter. Shares of CG rose sharply in after-hours trading. For the fourth quarter ended December 31, 2013, net income attributable […]

Kraft Foods Profits Up, Helped By Accounting Gain

Kraft Foods Group, Inc. (NASDAQ: KRFT) has reported fourth quarter and full year results which benefited from a significant accounting gain on top of strong gains from operations. Net earnings for the quarter ended December 28, 2013 were $931 million, or $1.54 per diluted share, compared to $90 million, or $0.15 per diluted share, in […]

Sprint Reduces Fourth Quarter Loss And Adds Subscribers

Sprint Corporation (NYSE: S) shares rose sharply in pre-market trading this morning after it reported a smaller than expected fourth quarter loss and an increase in wireless subscribers. The company incurred a net loss for the quarter ended December 31, 2013 of $1.0 billion, compared to a loss of $1.3 billion for the fourth quarter […]

Trade Deficit Increases In December, Hurt By Fall In Exports

The U.S. trade deficit in goods and services increased by $4.1 billion to $38.7 billion in December as compared to November. For all of 2013, the trade deficit of $471.5 billion was $63.1 billion less than the $534.7 billion deficit in 2012. The December trade deficit in goods increased by $4.6 billion due to a […]

YUM! Brands Fourth Quarter Earnings Beat Expectations

Yum! Brands, Inc. (NYSE: YUM); the owner of the KFC, Pizza Hut and Taco Bell brands; reported better than expected earnings for its fourth quarter even as its KFC operations in China continue to struggle to overcome the impact of a well-publicized 2012 poultry supply incident in China. Shares of YUM were up over 4 […]

Facebook Beats Expectations, Over Half of Ad Revenue from Mobile

Facebook, Inc. (NASDAQ: FB) announced much better than expected results for the fourth quarter, and again demonstrated its ability to succeed in mobile. Over half of its advertising revenue for the quarter came from mobile, up from zero a few years ago. Most Facebook users visited the site via mobile devices. Shares of FB jumped […]

Ford’s 4th Quarter Beats Expectations, Finishing One of Its “Best Years Ever”

Ford Motor Company [NYSE:F] has reported better than expected fourth quarter results and the highest full year Automotive pre-tax profit in more than a decade. Shares of F are up in pre-market trading. For the fourth quarter ended December 31, 2013, net income attributable to Ford Motor Company was $3.0 billion, or $0.74 per diluted […]

Microsoft Beats Estimates, Helped by Strong Holiday Sales of Xbox and Surface

Microsoft Corporation (NASDAQ:MSFT) reported better than expected revenue and income for its second quarter – as it achieved strong holiday sales of Xbox game consoles and Surface tablet computers in spite of a generally weak retail environment, and increased its market share of IT spending. The company’s strong results come during a period of declining […]