After Trump Win, Ad Agencies Admit They're Clueless On How To Market To Midwest Consumers
Donald Trump's election taught politicians several valuable lessons, including, but certainly not limited to, the following:
Donald Trump's election taught politicians several valuable lessons, including, but certainly not limited to, the following:
Despite speculation over the past year that Canada may join Japan and Europe in the NIRP club and launch negative interest rates, so far the BOC has stood its ground. However, starting on December 22, for the broker dealer clients of one of Canada's most reputable financial institutions, BMO Nesbitt Burns, it will be as if the Canadian bank has cut its deposit rate on most currencies, to match the deposit rate of Switzerland.
Just a month after dodging a default bullet thanks to a last-minute bond swap, Venezuela's state-owned oil company PDVSA missed coupon payments due on its bonds, according to JPMorgan. However, PDVSA president Del Pino raged on Twitter that "the information about a PDVSA default spread by the enemies of the fatherland is totally false," but the bonds saw prices tumble despite his statement.
PDVSA in October swapped $2.8 billion in bonds due in 2017 for new bonds maturing in 2020... but that bounce is now dead...
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Review
Let’s start with where we left off last week for some context.
“The post ‘Trexit’ rally that started on Wednesday took out the first two levels of resistance with some ease. However, the “sell signal” remains intact with the market now back to extreme overbought levels as shown by the red circles at the top of the chart.
All things considered, the PANW numbers weren't all that bad. Revenues rose by 34% and gross margins are at the historical median point. However, they issued a warning for next quarter, taking with it the entirety of the cyber-security sector.
Reports Q1 (Oct) earnings of $0.55 per share, $0.03 better than the Capital IQ Consensus of $0.52; revenues rose 34.0% year/year to $398.1 mln vs the $400.38 mln Capital IQ Consensus.
Billings grew 33% y/y to $516.9 bln (Q2 increased 45% y/y)