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CarMax Could Run Into Some Engine Trouble in the Weeks Ahead

At the top of Jim Cramer's Mad Money program Tuesday night he weighed in on the American consumer. After robust retail sales numbers, it's clear no one told the American consumer about tariffs, trade or Brexit, Cramer said. But while retail remains strong, the market overall continues to send mixed messages and analysts are questioning the earnings potential at CarMax Inc. (KMX) . Let's check and see if there are any new developments on the charts. In this daily bar chart of KMX, below, we can see an April to July…

Blue Apron’s Rally on Beyond Meat Venture Goes Stale

Blue Apron ( APRN) shares closed off 8.4% at $9.51 one day after news of a deal with Beyond Meat  ( BYND)  had sent them to a day peak of $13.22. Blue Apron stock jumped Tuesday after it said it would begin selling the products from the alternative-meat startup in its meal kits in August. After posting their best trading day in six months, the kit delivery company's shares maintained a steady decline. Some speculate the company can't compete with Walmart ( WMT) and Amazon, (AMZN) which sell cheaper food…

Iran tensions boost oil prices for the week, but Tropical Storm Barry provides little support

Oil futures climbed for the week as tensions persist in the Middle East, but prices posted only a small gain for the session on Friday, with a Gulf of Mexico storm expected to cause only a brief reduction in the region’s oil and natural-gas production. Futures prices “have not reacted much because this storm is not expected to be intense enough to cause significant damage and the lost output has been priced in,” said Marshall Steeves, energy markets analyst at IHS Markit. Oil’s overall gains for the week have been…

10-year Treasury yield stages biggest weekly climb in three months

The headline on this article has been corrected to reflect the direction of this week’s yield move Long-term U.S. Treasury yields climbed sharply this week, despite trading lower on Friday, following testimony from Federal Reserve Chairman Jerome Powell, who entrenched expectations for rate-cuts at the end of this month. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -0.70%  was down 1.6 basis points to 2.106% on Friday, trimming its week-long rise to 6.2 basis points. The benchmark bond yield…

Tracing Bitcoin’s Potential as a Store of Wealth

At its high, bitcoin had rallied close to 280 percent in the first six months of 2019 with much of that move occurring in June alone. If this move had occurred in a vacuum it would certainly be significant. However, when we add in some other interesting macro movements and events it begins to unlock the mystery of what bitcoin is and what it could eventually be. Easy Money Cycle Both gold and bitcoin were hovering near cycle lows in December of 2018 when the first hint was given that the Fed's hiking cycle was near…

J&J and Microsoft Among Defensive Stocks With Positive Earnings Outlooks

Earnings season is here, bringing with it the regular quarterly opportunity to examine our favorite stocks' financial details. This is especially important now as the economy is starting to show signs of weakness with 2018's 3% growth slowing to 1%, and preliminary estimates indicating a poor earnings season ahead.  According to Bloomberg, 80% of the S&P 500 companies that have given early estimates have cut back on expectations. That said, there are some established companies set to give us some good news.…

European markets cautious as trade war fears linger

European markets remained cautious despite Wall Street closing at record highs Wednesday, as trade war concerns lingered. Markets have been subdued with the U.S. shut for business for the Fourth of July holiday. What’s moving the market? China Commerce Ministry spokesman Gao Feng said existing US tariffs must be removed before a trade deal can be struck, but confirmed the two nations had restarted negotiations. The DAX DAX, +0.11% and the Stoxx 600 SXXP, +0.09%  remained flat and FTSE 100 UKX, -0.08% edged up…

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