Tiffany Co TIF Earnings Report | Yield Curve Inverts Further
TIF-Tiffany CO
Tiffany Expected to Earn $1.04 a Share
Luxury goods maker Tiffany & Co. (TIF – Get Report) is expected to report net income of $127.9 million, or $1.04 a share, on sales of $1.1 billion before the market opens on Wednesday, based on a FactSet survey of 22 analysts.
In the same period a year ago, the company posted earnings of $1.17 a share on sales of $1.1 billion. It reported net income of $142.3 million.
thestreet.com/earnings/tiffany-expected
Here’s how 2019’s top-performing hedge fund has made a killing this year
His approach is NOT for the faint of heart.
In 2016, Chong Chin Eai raised $24 million from friends and family and launched his Singapore-based Vanda Global Fund. Then Trump won the election, and, according to Bloomberg, the hedge fund suddenly was off more than 50%.
“A lot of fund managers would’ve just given up after six months to start a brand new track record,” Chong told Bloomberg in an interview. “But I wanted to show investors the flow of the fund and the growth of the fund, both in terms of the performance and also in myself.”
marketwatch.com/2019-top-performing-hedge-fund
Key yield curve inverts even further as 30-year yield hits new record low
At around 03:20 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.4593%, while the yield on the 30-year Treasury bond hit record low to trade at 1.9072%.
A 10-year rate below the 2-year yield is viewed by fixed income traders as an important recession prognosticator, marking an unusual phenomenon as bondholders receive better compensation in the short term.
Caterpillar Inc Stock Chart 8-28-19
Many key stocks are trading below the 200 simple moving average. It's getting hard to find confident swing trades (something we can hold for 3-10 days)
This chart of CAT clearly shows the same, but it's hovering near long-term support. I'm considering building a new "position" trade with 30% of my intended position.
Stop loss is tight and risk is lower with proper allocation. Definitely not a trade with order flow but I won't short support. Trade shows $28 upside risking on $2.
Pete
