Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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17:12 CSCO Cisco Systems on Conference Call for Q2 expect revs in 3-5% y/y; op margins in the range of 23-25%; EPS $0.32-0.35; Thomson Reuters consensus $0.42 -Update-
17:11 CSCO Cisco Systems follow up: CSCO is now trading at 21.82, -11%, a...
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April’s tax deficit of $83 billion is the highest April deficit on record. Income was $245.3 billion, 8 percent below the total recorded during last year’s recession impacted take. Spending was $328.0 billion, up 14 percent year-over-year. Overall tax receipts are down 7.9 percent YoY, while individual income tax is down 21.5 percent YoY....
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May data on Las Vegas casino activity shows a 6.9 percent drop YTD/YoY in visitors, versus 2.8 percent more rooms. Room rate have been cut YTD 27 percent YoY to reach this. Convention attendance is down a whopping 28.6 percent, and gaming revenue YTD/YoY is down 13.2 percent.
My personal Priceline “negotiator” indicator...
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