Armstrong World's Q3 Earnings & Net Sales Beat Estimates, '24 View Up
- AWI's third-quarter results reflect favorable AUV and higher sales volume.
- 10/29/2024
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Here's What Key Metrics Tell Us About Armstrong World Industries (AWI) Q3 Earnings
- The headline numbers for Armstrong World Industries (AWI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 10/29/2024
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Armstrong World Industries (AWI) Q3 Earnings and Revenues Top Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.60 per share a year ago.
- 10/29/2024
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Armstrong World Industries Reports Third-Quarter 2024 Results
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported third-quarter 2024 financial results highlighted by robust sales and earnings growth. “With another quarter of record setting sales and strong earnings growth, we continue to demonstrate our ability to deliver growth despite muted market conditions through operational execution and our investments in strate.
- 10/29/2024
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Armstrong World Cheers Investors With 10% Dividend Hike
- AWI hikes dividend for the sixth consecutive year.
- 10/24/2024
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Armstrong World Industries Announces Increase in Quarterly Dividend
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has approved a 10% increase in the company's quarterly cash dividend to $0.308 per share of common stock. The dividend will be paid on November 21, 2024, to stockholders of record as of the close of business on November 7, 2024. “This announcement marks the sixth consecutive annual increase sin.
- 10/23/2024
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Breakouts Boost These Three Stocks To All-Time Highs
- Three stocks, Blue Owl Capital, Collegium Pharmaceuticals and Armstrong World Industries are at their all time high as they break out from proper bases.
- 10/04/2024
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Is Armstrong World Industries (AWI) Stock Outpacing Its Construction Peers This Year?
- Here is how Armstrong World Industries (AWI) and Emcor Group (EME) have performed compared to their sector so far this year.
- 09/23/2024
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Armstrong World Industries: Growth Soars Amid Uncertainty
- Strategic acquisitions like 3form and BOK Modern, along with organic growth from large projects, particularly in the transportation sector, fuel Armstrong World Industries' performance and contribute to its upgraded full-year outlook. Q2 performance showed double-digit net revenue growth and record earnings, with significant growth from its Architectural Specialties segments. Its involvement in high-growth sectors like data centers, with ~100 projects in the pipeline, positions the company for continued expansion, further supported by its ability to secure large, long-term contracts.
- 09/08/2024
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Armstrong World Stock Rises 26% YTD: What's Next for Investors?
- Armstrong World Industries, Inc.'s AWI shares have gained 26% so far this year, outperforming the Zacks Building Products - Miscellaneous industry's 12.3% growth and the Zacks Construction sector's 14.6% increase. This leading global producer of ceiling systems has been making the most from increased sales of innovative digital platforms such as ProjectWorks and Canopy, moderation of input costs, the acquisitions of 3form and BOK Modern and large federally funded transportation projects.
- 09/05/2024
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Is Armstrong World Industries (AWI) Outperforming Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and Holcim Ltd Unsponsored ADR (HCMLY) have performed compared to their sector so far this year.
- 09/05/2024
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5 Building Products Stocks Riding the Industry Wave
- A focus on operational efficiencies and higher government spending raises hope for WMS, AWI, FTDR, ROAD and SWIM.
- 08/22/2024
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Has Armstrong World Industries (AWI) Outpaced Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and Holcim Ltd Unsponsored ADR (HCMLY) have performed compared to their sector so far this year.
- 08/19/2024
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Why Armstrong World Industries (AWI) is a Top Momentum Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 08/06/2024
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Armstrong World Industries (AWI) Is Up 8.58% in One Week: What You Should Know
- Does Armstrong World Industries (AWI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/02/2024
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Are Construction Stocks Lagging Armstrong World Industries (AWI) This Year?
- Here is how Armstrong World Industries (AWI) and Holcim Ltd Unsponsored ADR (HCMLY) have performed compared to their sector so far this year.
- 08/01/2024
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HCMLY vs. AWI: Which Stock Is the Better Value Option?
- Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Holcim Ltd Unsponsored ADR (HCMLY) and Armstrong World Industries (AWI). But which of these two stocks presents investors with the better value opportunity right now?
- 07/31/2024
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Armstrong World (AWI) Q2 Earnings & Net Sales Beat, View Up
- Armstrong World's (AWI) second-quarter results reflect favorable AUV and volume.
- 07/31/2024
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Compared to Estimates, Armstrong World Industries (AWI) Q2 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Armstrong World Industries (AWI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 07/30/2024
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Armstrong World Industries (AWI) Tops Q2 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.38 per share a year ago.
- 07/30/2024
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Can the 5 Construction Stocks Hit Targets This Earnings Season?
- The Zacks Construction sector is set to report tepid earnings growth in this earnings season. Let's see how some of these companies, reporting on Jul 30, are likely to perform.
- 07/29/2024
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HCMLY or AWI: Which Is the Better Value Stock Right Now?
- Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Holcim Ltd Unsponsored ADR (HCMLY) and Armstrong World Industries (AWI). But which of these two stocks is more attractive to value investors?
- 06/24/2024
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HCMLY vs. AWI: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of Holcim Ltd Unsponsored ADR (HCMLY) and Armstrong World Industries (AWI). But which of these two stocks is more attractive to value investors?
- 05/31/2024
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Armstrong World Industries (AWI) Up 0.6% Since Last Earnings Report: Can It Continue?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 05/30/2024
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All You Need to Know About Armstrong World Industries (AWI) Rating Upgrade to Strong Buy
- Armstrong World Industries (AWI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 05/28/2024
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Armstrong World (AWI) to Reduce Carbon with New Ceiling Panels
- Armstrong World (AWI) expands its sustainable product line to reduce carbon in commercial buildings with Ultima Low Embodied Carbon (LEC) ceiling panels.
- 05/23/2024
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Armstrong World Industries Releases Fourth Annual Sustainability Report
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation, and manufacture of ceiling and wall solutions in the Americas, today released its fourth annual sustainability report entitled “Building Better Together.” The report highlights 2023 progress toward the company's 2030 targets focused on the three pillars of its sustainability program—Healthy and Circular Products, Healthy Planet, and Thriving People and Communities. Key highlights fr.
- 05/23/2024
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Is Armstrong World Industries (AWI) Outperforming Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and Acuity Brands (AYI) have performed compared to their sector so far this year.
- 05/23/2024
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Armstrong World Industries Introduces New Product to Reduce Carbon in Commercial Buildings
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, continues to expand its portfolio of products designed to help building owners, architects and contractors reduce the environmental impact of buildings with the introduction of Ultima® Low Embodied Carbon (LEC) ceiling panels. With a rich history of product innovation dating to the 1890s and an ongoing focus on sustainab.
- 05/22/2024
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Zacks Industry Outlook Owens Corning, Armstrong World Industries, Knife River, Arcosa and Frontdoor
- Owens Corning, Armstrong World Industries, Knife River, Arcosa and Frontdoor have been highlighted in this Industry Outlook article.
- 05/22/2024
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Top 5 Stocks to Buy in the Flourishing Building Products Industry
- A focus on operational efficiencies, higher government spending and improved residential market raise hopes for OC, AWI, KNF, ACA and FTDR.
- 05/21/2024
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Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Charles Schwab Investment Management Inc.
- Charles Schwab Investment Management Inc. raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,943 shares of the construction company’s stock after acquiring an additional 8,425 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of Armstrong World Industries worth $42,960,000 at the end of the most recent quarter. Several other large investors have also made changes to their positions in the business. Yousif Capital Management LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $2,190,000. Mutual of America Capital Management LLC acquired a new stake in Armstrong World Industries during the 4th quarter worth $760,000. Dark Forest Capital Management LP purchased a new stake in shares of Armstrong World Industries during the third quarter worth $1,630,000. Savant Capital LLC raised its position in shares of Armstrong World Industries by 24.3% in the fourth quarter. Savant Capital LLC now owns 7,247 shares of the construction company’s stock valued at $713,000 after buying an additional 1,419 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Armstrong World Industries by 211.3% in the fourth quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock worth $3,936,000 after buying an additional 27,179 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial lifted their target price on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. UBS Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Evercore ISI lifted their price target on shares of Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.17. Get Our Latest Research Report on AWI Armstrong World Industries Trading Down 0.4 % AWI opened at $113.87 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.98 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.71 and a beta of 1.12. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56. The business has a fifty day simple moving average of $118.91 and a 200-day simple moving average of $105.57. Armstrong World Industries (NYSE:AWI – Get Free Report) last released its earnings results on Tuesday, April 30th. The construction company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.15. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. Armstrong World Industries’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current year. Armstrong World Industries Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.05%. Armstrong World Industries Company Profile (Free Report) Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.
- 05/20/2024
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Here's Why Investors Should Buy Armstrong World (AWI) Stock Now
- Armstrong World (AWI) benefits from timely investments in new products and digitization, as well as strategic acquisitions.
- 05/16/2024
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Armstrong World Industries to Attend the 2024 Bank of America Transportation, Airlines and Industrials Conference
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting investor meetings at the Bank of America Transportation, Airlines and Industrials Conference in New York City on Wednesday, May 15, 2024. In connection with this conference, Armstrong will publis.
- 05/13/2024
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Armstrong World (AWI) Q1 Earnings & Net Sales Top, '24 View Up
- Armstrong World's (AWI) first-quarter 2024 results reflect solid segmental contributions on the back of favorable AUV and contributions from recent acquisitions. Also, operational excellence benefits the bottom line.
- 05/01/2024
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Here's Why Armstrong World Industries (AWI) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 05/01/2024
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Armstrong World Industries, Inc. (AWI) Q1 2024 Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI ) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Theresa Womble - Vice President, Investor Relations and Corporate Communications Vic Grizzle - Chief Executive Officer Chris Calzaretta - Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Garik Shmois - Loop Capital Adam Baumgarten - Zelman & Associates Keith Hughes - Truist Stephen Kim - Evercore ISI Spencer Kaufman - UBS Rafe Jadrosich - Bank of America Kathryn Thompson - Thompson Research Group Phil Ng - Jefferies Operator Thank you for standing by, and welcome to the First Quarter 2024 Armstrong World Industries Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Theresa Womble, Vice President of Investor Relations and Corporate Communications.
- 04/30/2024
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Armstrong World Industries (AWI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Armstrong World Industries (AWI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 04/30/2024
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Armstrong World Industries (AWI) Beats Q1 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.12 per share a year ago.
- 04/30/2024
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Armstrong World Industries Reports Record-Setting First-Quarter 2024 Results
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported record first-quarter 2024 financial results highlighted by solid sales growth and strong operational performance driving operating income and adjusted EBITDA margin expansion. “The record results we delivered this quarter reflect the resilience of our business model and the momentum we carried into the year.
- 04/30/2024
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Armstrong World Industries Expands Architectural Specialties Portfolio with Acquisition of Architectural Resin Leader 3form, LLC
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries. Inc. (NYSE:AWI), a leader in the innovation and manufacture of ceiling and wall solutions, announced today that it has acquired 3form, LLC. Based in Salt Lake City, Utah, 3form is a leading designer and manufacturer of sustainably crafted architectural resins and glass for ceilings, walls and other interior applications. Its products and design solutions use form, texture, light and color to transform spaces. “We are delighted to welc.
- 04/29/2024
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Armstrong World Industries Announces Quarterly Dividend
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that its Board of Directors has declared a cash dividend of $0.28 per share of common stock. The dividend will be paid on May 23, 2024, to stockholders of record as of the close of business on May 9, 2024. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Dir.
- 04/24/2024
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Armstrong World (AWI) Surges 64.3% in 6 Months: Here's Why
- Armstrong World (AWI) benefits from its buyouts, digital initiatives and new product launches.
- 04/17/2024
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Has Armstrong World Industries (AWI) Outpaced Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and CaesarStone (CSTE) have performed compared to their sector so far this year.
- 04/16/2024
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CRH Boosts Presence in California With Two New Acquisitions
- CRH announces the acquisition of BoDean and Northgate, marking its Materials Solutions business' debut in the Californian market.
- 04/08/2024
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Armstrong World Industries Schedules First Quarter 2024 Earnings Release and Conference Call
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2024 results before the market opens on Tuesday, April 30 and host a conference call to discuss these results at 11:00 a.m. ET. A live webcast of the conference call and the accompanying presentation will be available on the Investor Relations page at ArmstrongWorldIndustries.com. Attendees.
- 04/08/2024
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Armstrong World Industries Names Dawn Kirchner-King as SVP, Chief Human Resources Officer
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE: AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, announced today that Dawn Kirchner-King has been named SVP, chief human resources officer, effective April 22, 2024. “We are thrilled to welcome Dawn back to Armstrong as our new Human Resources leader,” said AWI CEO and President Vic Grizzle. “She is a seasoned leader with unique experience and an innovative leadership.
- 04/04/2024
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3 Highly Ranked Construction Stocks Benefitting from Top Business Industries
- There continues to be an abundance of opportunity in the Zacks Construction sector which currently boasts 15 stocks on the coveted Zacks Rank #1 (Strong Buy) list.
- 04/03/2024
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Construction Spending Strong in February: 5 Stocks to Buy
- Improving inflation and stable interest rates are likely to contribute to the construction sector going forward.
- 04/02/2024
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Are Construction Stocks Lagging Armstrong World Industries (AWI) This Year?
- Here is how Armstrong World Industries (AWI) and Dream Finders Homes Inc. (DFH) have performed compared to their sector so far this year.
- 03/29/2024
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Why Is Armstrong World Industries (AWI) Up 3.1% Since Last Earnings Report?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 03/21/2024
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U.S. Housing Starts & Permits Surge in February: 5 Top Picks
- Housing starts & building permits increase in February, defying rates and labor shortage.
- 03/20/2024
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Is Armstrong World Industries (AWI) Stock Outpacing Its Construction Peers This Year?
- Here is how Armstrong World Industries (AWI) and Dream Finders Homes Inc. (DFH) have performed compared to their sector so far this year.
- 03/13/2024
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How Armstrong World (AWI) Stock Stands Out in a Strong Industry
- Armstrong World (AWI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/11/2024
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Armstrong World Industries to Attend the 2024 Loop Investor Conference
- LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President & Chief Executive Officer Vic Grizzle and SVP & Chief Financial Officer Chris Calzaretta will be hosting virtual investor meetings at the 5th Annual Loop Investor Conference on Monday, March 11, 2024. In anticipation of the conference, Armstrong has published an updated Investor Presentation which c.
- 03/11/2024
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Is Armstrong World Industries (AWI) Outperforming Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and Acuity Brands (AYI) have performed compared to their sector so far this year.
- 02/26/2024
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Armstrong World Industries, Inc. (AWI) Soars to 52-Week High, Time to Cash Out?
- Armstrong World Industries (AWI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 02/26/2024
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Armstrong World (AWI) Q4 Earnings & Revenues Beat, Stock Up
- The fourth-quarter 2023 results of Armstrong World (AWI) reflect positive contributions from both of its reportable segments on the back of favorable AUV and pricing along with growing volumes. Yet, increased costs and expenses are concerning.
- 02/21/2024
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Armstrong World Industries, Inc. (AWI) Q4 2023 Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) Q4 2023 Earnings Call Transcript
- 02/20/2024
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Compared to Estimates, Armstrong World Industries (AWI) Q4 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Armstrong World Industries (AWI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/20/2024
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Armstrong World Industries (AWI) Q4 Earnings and Revenues Beat Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.08 per share a year ago.
- 02/20/2024
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Armstrong World (AWI) to Report Q4 Earnings: What to Expect?
- Armstrong World's (AWI) fourth-quarter 2023 results are likely to reflect improving sales volume and favorable pricing, partially offset by high costs and expenses.
- 02/19/2024
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OTIS Provides Medium-Term Guidance for Sales & EPS, Shares Up
- OTIS is set to achieve its medium-term outlook on the back of operational improvements.
- 02/16/2024
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Is a Surprise Coming for Armstrong World (AWI) This Earnings Season?
- Armstrong World (AWI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/15/2024
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Unlocking Q4 Potential of Armstrong World Industries (AWI): Exploring Wall Street Estimates for Key Metrics
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Armstrong World Industries (AWI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
- 02/14/2024
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Best Income Stocks to Buy for February 14th
- CAC, REYN and AWI made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 14, 2023.
- 02/14/2024
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Armstrong World Industries (AWI) Expected to Beat Earnings Estimates: Should You Buy?
- Armstrong World Industries (AWI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/13/2024
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Has Armstrong World Industries (AWI) Outpaced Other Construction Stocks This Year?
- Here is how Armstrong World Industries (AWI) and Acuity Brands (AYI) have performed compared to their sector so far this year.
- 02/08/2024
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Why Armstrong World Industries (AWI) Could Beat Earnings Estimates Again
- Armstrong World Industries (AWI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/30/2024
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OC vs. AWI: Which Stock Should Value Investors Buy Now?
- Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Owens Corning (OC) and Armstrong World Industries (AWI). But which of these two companies is the best option for those looking for undervalued stocks?
- 01/24/2024
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CRH Joins Caterpillar to Boost Zero-Exhaust Emissions Trucks
- CRH's focus on expanding its geographical footprint and product portfolio through strategic acquisitions and partnerships bodes well.
- 01/09/2024
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Armstrong World (AWI) Enters Strategic Pact, Invests in Overcast
- Armstrong World (AWI) boosts its market presence with a game-changing investment in innovative building solutions.
- 01/09/2024
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PGTI or AWI: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Building Products - Miscellaneous sector might want to consider either PGT (PGTI) or Armstrong World Industries (AWI). But which of these two stocks is more attractive to value investors?
- 01/05/2024
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Armstrong World (AWI) Hits 52-Week High: What's Aiding It?
- Armstrong World (AWI) is benefiting from increased sales volume thanks to acquisition strategies and digital initiatives along with lower input costs.
- 12/27/2023
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Why Armstrong World Industries (AWI) is a Top Value Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 12/13/2023
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Are You Looking for a Top Momentum Pick? Why Armstrong World Industries (AWI) is a Great Choice
- Does Armstrong World Industries (AWI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/12/2023
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Focus on New Products & Digitization Aid Armstrong World (AWI)
- Armstrong World (AWI) benefits from strategic acquisitions and timely investments in new products and digitization.
- 11/28/2023
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What Makes Armstrong World Industries (AWI) a New Strong Buy Stock
- Armstrong World Industries (AWI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 11/01/2023
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10 Upcoming Dividend Increases, Including A Dividend King
- Insights are provided on upcoming dividend increases, indicating strong business performance and a commitment to rewarding shareholders. The lists are created by combining data on companies with a history of dividend growth with their future dividend payments. Includes tables and metrics to help investors prioritize stocks based on yield, growth rates, and historical returns.
- 10/27/2023
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Here's Why Armstrong World Industries (AWI) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 10/27/2023
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MDC's Q3 Earnings Top, Revenues Miss, Net New Orders Rise
- MDC's third-quarter 2023 results reflect improvements in net new orders, thanks to low existing home supply accompanied by a decline in cancellations and its supportive financing incentives. Yet, an inflationary environment hurts growth prospects.
- 10/26/2023
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Armstrong World's (AWI) Q3 Earnings & Revenues Top, Up Y/Y
- Armstrong World's (AWI) third-quarter 2023 results reflect strong segmental performances, thanks to favorable AUV performance and high sales volume. Also, its diversified end markets and profitable growth initiatives bode well.
- 10/25/2023
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Armstrong World Industries (AWI) Tops Q3 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.36 per share a year ago.
- 10/24/2023
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Armstrong World (AWI) Cheers Investors With 10% Dividend Hike
- Armstrong World (AWI) boosts shareholder value through regular dividend payments.
- 10/19/2023
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Armstrong World (AWI) to Post Q3 Earnings: What's in Store?
- Armstrong World's (AWI) Q3 performance will likely reflect tepid volumes and average unit value performance.
- 10/18/2023
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Why Armstrong World Industries (AWI) is a Top Value Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 09/21/2023
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Why Is Armstrong World Industries (AWI) Down 6.1% Since Last Earnings Report?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 08/24/2023
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Digital Initiatives Aid Armstrong World (AWI) Amid High Costs
- Digital initiatives and strategic business investments drive Armstrong World's (AWI) growth prospects. However, high costs and the Fed's consistent rate hikes are a concern.
- 08/15/2023
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MDC's Q2 Earnings & Revenues Beat, Net New Orders Increase
- MDC's second-quarter 2023 result reflects growth in net new orders, backed by low existing house supply. However, persisting inflation and economic uncertainties are major concerns.
- 07/28/2023
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KBR Q2 Earnings Beat Estimates, Revenues Miss, EBITDA View Up
- KBR's second-quarter earnings reflect its solid segmental growth and strong execution across the business.
- 07/28/2023
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Armstrong World's (AWI) Q2 Earnings Top, Margins Rise Y/Y
- Armstrong World's (AWI) second-quarter earnings reflect strong operational efficiencies and cost control efforts.
- 07/26/2023
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Compared to Estimates, Armstrong World Industries (AWI) Q2 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Armstrong World Industries (AWI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 07/25/2023
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Armstrong World Industries (AWI) Surpasses Q2 Earnings Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.29 per share a year ago.
- 07/25/2023
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Mineral Fiber Unit to Aid Armstrong World's (AWI) Q2 Earnings
- Armstrong World's (AWI) Q2 results are likely to reflect strong AUV in the Mineral Fiber segment. However, weak economic conditions are likely to affect the results.
- 07/20/2023
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Armstrong World Industries Schedules Second-Quarter 2023 Earnings Release and Conference Call
- LANCASTER, Pa., July 05, 2023 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its second-quarter 2023 results before the market opens on Tuesday, July 25 and host a conference call to discuss these results at 10:00 a.m. ET.
- 07/05/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of May 14
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 05/13/2023
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KBR's Q1 Earnings & Revenues Beat Estimates, Backlog Strong
- KBR's first-quarter earnings reflect its solid segmental growth and strong execution across the business.
- 05/02/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of April 30
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 04/30/2023
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Armstrong World's (AWI) Q1 Earnings & Revenues Top, Rise Y/Y
- Armstrong World's (AWI) first-quarter 2023 results benefit from increased volume and favorable AUV in the Mineral Fiber unit.
- 04/26/2023
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Armstrong World Industries (AWI) Tops Q1 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.02 per share a year ago.
- 04/25/2023
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Armstrong World (AWI) to Post Q1 Earnings: What's in Store?
- Armstrong World's (AWI) Q1 results are likely to reflect strong AUV in the Mineral Fiber segment. Yet, weaker economic conditions are likely to have hurt the performance.
- 04/21/2023
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CRH or AWI: Which Is the Better Value Stock Right Now?
- Investors interested in Building Products - Miscellaneous stocks are likely familiar with CRH (CRH) and Armstrong World Industries (AWI). But which of these two stocks is more attractive to value investors?
- 04/19/2023
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Armstrong World Industries (AWI) Reports Next Week: Wall Street Expects Earnings Growth
- Armstrong World Industries (AWI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/18/2023
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Armstrong World Industries Schedules First-Quarter 2023 Earnings Release and Conference Call
- LANCASTER, Pa., April 10, 2023 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its first-quarter 2023 results before the market opens on Tuesday, April 25 and host a conference call to discuss these results at 10:00 a.m. ET.
- 04/10/2023
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CRH vs. AWI: Which Stock Is the Better Value Option?
- CRH vs. AWI: Which Stock Is the Better Value Option?
- 04/03/2023
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Why Is Armstrong World Industries (AWI) Down 14.1% Since Last Earnings Report?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 03/23/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of March 12
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 03/11/2023
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Armstrong World Industries: Highly Profitable, Opportunity To Buy Now
- Net sales growth is slowing down due to lower consumer demand, but fundamentals remain strong. Long-term debt has been steadily declining despite recent acquisitions.
- 03/03/2023
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Armstrong World: Beneficial Guidance, Cheap, And Working For Major Clients
- Armstrong World Industries defines itself as one of the leaders and benchmarks in the ceiling and wall solutions in the United States. The company maintains good relationships with leading home centers such as Lowe's Companies, Inc., and The Home Depot, Inc.
- 02/27/2023
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Armstrong World Industries, Inc. (AWI) Q4 2022 Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI ) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET Company Participants Theresa Womble - Vice President, Investor Relations Vic Grizzle - Chief Executive Officer Chris Calzaretta - Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Keith Hughes - Truist Garik Shmois - Loop Capital Phil Ng - Jefferies Adam Baumgarten - Zelman & Associates Rafe Jadrosich - Bank of America Joe Ahlersmeyer - Deutsche Bank John Lovallo - UBS Stephen Kim - Evercore ISI Kathryn Thompson - Thompson Research Group Operator Good day, and thank you for standing by. Welcome to the Armstrong World Industries, Inc. Fourth Quarter 2022 Earnings Conference Call.
- 02/26/2023
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Dividend Champion, Contender, And Challenger Highlights: Week Of February 26
- A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
- 02/26/2023
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Armstrong World (AWI) Q4 Earnings Miss, Gives 2023 Guidance
- Armstrong World's (AWI) fourth-quarter results benefit from a favorable AUV.
- 02/21/2023
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Armstrong World Industries (AWI) Q4 Earnings Lag Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -2.70% and 1.31%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/21/2023
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Armstrong World Industries Schedules Fourth-Quarter and Full-Year 2022 Earnings Release and Conference Call
- LANCASTER, Pa., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its fourth-quarter and full-year 2022 results before the market opens on Tuesday, Feb. 21 and host a conference call to discuss these results at 10:00 a.m. ET.
- 01/31/2023
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JHX or AWI: Which Is the Better Value Stock Right Now?
- JHX vs. AWI: Which Stock Is the Better Value Option?
- 11/10/2022
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Armstrong World (AWI) Q3 Earnings & Sales Miss, View Down
- Armstrong World's (AWI) third-quarter results benefit from favorable volume and pricing. However, inflation, increased economic uncertainty and continued project delays hurt.
- 10/26/2022
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Armstrong World Industries, Inc. (AWI) Q3 2022 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI ) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET Company Participants Theresa Womble - Director, IR Vic Grizzle - President & CEO Chris Calzaretta - CFO Conference Call Participants Joe Ahlersmeyer - Deutsche Bank Keith Hughes - Truist Securities Brian Biros - Thompson Research Group Garik Shmois - Loop Capital Phil Ng - Jefferies Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America John Lovallo - UBS Dan Oppenheim - Credit Suisse Stephen Kim - Evercore ISI Adam Baumgarten - Zelman Associates Kenneth Zener - KeyBanc Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Q3 2022 Armstrong World Industries Inc. Earnings Call. At this time, all participants are in a listen-only mode.
- 10/25/2022
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Armstrong World Industries (AWI) Misses Q3 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -7.48% and 1.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/25/2022
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Armstrong World (AWI) Hikes Dividend, Boosts Investors' Value
- Armstrong World (AWI) rewards shareholders with a 10% quarterly dividend hike.
- 10/20/2022
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Will Armstrong World (AWI) be Able to Beat Earnings in Q3?
- Strong Mineral Fiber and Architectural Specialties contributions are likely to get reflected in Armstrong World's (AWI) Q3 performance.
- 10/19/2022
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JHX vs. AWI: Which Stock Should Value Investors Buy Now?
- JHX vs. AWI: Which Stock Is the Better Value Option?
- 10/18/2022
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4 Top Stocks to Buy From the Promising Building Products Industry
- Although supply-chain issues and rising input prices are concerns for the Zacks Building Products - Miscellaneous industry, focus on operational efficiencies and higher government spending raise hopes for URI, WMS, AWI and ACA.
- 10/18/2022
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Armstrong World Industries Schedules Third Quarter 2022 Earnings Release and Conference Call
- LANCASTER, Pa., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its third-quarter 2022 results before the market opens on Tuesday, Oct. 25 and host a conference call to discuss these results at 10:00 a.m. ET.
- 10/11/2022
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What Makes Armstrong World Industries (AWI) a New Buy Stock
- Armstrong World Industries (AWI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 10/11/2022
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OC vs. AWI: Which Stock Should Value Investors Buy Now?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 09/14/2022
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URI vs. AWI: Which Stock Should Value Investors Buy Now?
- URI vs. AWI: Which Stock Is the Better Value Option?
- 08/05/2022
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q2 2022 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI ) Q2 2022 Earnings Conference Call July 26, 2022 10:00 AM ET CompanyParticipants Theresa Womble - Director of Investor Relations Vic Grizzle - President & Chief Executive Officer Brian MacNeal - Senior Vice President & Chief Financial Officer Chris Calzaretta - Incoming Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Phil Ng - Jefferies Garik Shmois - Loop Capital Stephen Kim - Evercore ISI Rafe Jadrosich - Bank of America Keith Hughes - Truist Securities John Lovallo - UBS Kathryn Thompson - Thompson Research Group Daniel Oppenheim - Credit Suisse Operator Good day and thank you for standing by. Welcome to the Armstrong World Industries Second Quarter 2022 Earnings Conference Call.
- 07/26/2022
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Armstrong World Industries (AWI) Misses Q2 Earnings Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -6.52% and 2.59%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/26/2022
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Armstrong World Industries (AWI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Armstrong World Industries (AWI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/19/2022
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NVR Gears Up to Report Q2 Earnings: What's in the Offing?
- NVR's second-quarter 2022 earnings and revenues are likely to have increased, courtesy of higher pricing and lower lumber prices.
- 07/15/2022
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Armstrong World Industries Schedules Second Quarter 2022 Earnings Release and Conference Call
- LANCASTER, Pa., July 12, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, will release its second quarter 2022 results before the market opens on Tuesday, July 26 and host a conference call to discuss these results at 10:00 a.m. ET.
- 07/12/2022
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Armstrong World (AWI) Joins Price Industries, Boosts Innovation
- Armstrong World (AWI) benefits from product innovations and business collaborations.
- 07/11/2022
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Armstrong World (AWI) Banks on Digitization, High Costs Ail
- Armstrong World (AWI) benefits from strategic acquisitions and timely investments in new products and digitization. Yet, inflationary pressure ail.
- 05/30/2022
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Armstrong World Industries to Present at the 2022 Goldman Sachs Industrials and Materials Conference
- LANCASTER, Pa., May 06, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions, announced today that President and Chief Executive Officer Vic Grizzle will participate in a fireside chat at the 2022 Goldman Sachs Industrials and Materials Conference in New York City on Wednesday, May 11 at 12:10 p.m. ET. A live webcast of the event will be available on the Armstrong website at armstrongworldindustries.com and a replay of the event will be available for 30 days following the event.
- 05/06/2022
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KBR's Stock Falls Despite Q1 Earnings Beating Estimates
- KBR's first-quarter earnings reflect solid Government Solutions growth and strong execution across the business.
- 04/29/2022
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Armstrong World's (AWI) Stock Down as Q1 Earnings & Sales Miss
- Armstrong World's (AWI) first-quarter results benefit from a solid pricing and favorable Architectural Specialties segment volumes. Lower Mineral Fiber sales volumes are a concern.
- 04/27/2022
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Armstrong World Industries' (AWI) CEO Vic Grizzle on Q1 2022 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI ) Q1 2022 Earnings Conference Call April 26, 2022 10:00 AM ET Company Participants Theresa Womble – Director-Investor Relations Vic Grizzle – Chief Executive Officer Brian MacNeal – Chief Financial Officer Conference Call Participants Keith Hughes – Truist Philip Ng – Jefferies Kathryn Thompson – Thompson Research Garik Shmois – Loop Capital Susan Maklari – Goldman Sachs Adam Baumgarten – Zelman Stephen Kim – Evercore ISI John Lovallo – UBS Ken Zener – KeyBanc Dan Oppenheim – Credit Suisse Rafe Jadrosich – Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2022 Armstrong World Industries Inc Earnings Conference Call. At this time all participants are in a listen-only mode.
- 04/26/2022
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Armstrong World Industries (AWI) Lags Q1 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -9.73% and 1.78%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/26/2022
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SWIM vs. AWI: Which Stock Is the Better Value Option?
- SWIM vs. AWI: Which Stock Is the Better Value Option?
- 04/22/2022
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Armstrong World Industries to Report First-Quarter 2022 Results April 26
- LANCASTER, Pa., April 12, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, will release its first-quarter 2022 results before the market opens on Tuesday, April 26 and host a conference call to discuss these results at 10:00 a.m. ET.
- 04/12/2022
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Armstrong World Leveraged To Non-Residential Recovery And Pricing, But Self-Help Could Go Even Further
- Volumes have slowed at Armstrong, and I see a gap caused by tapering commercial renovation and future new construction, but pricing has been strong, and healthcare/education could surprise with renovation.
- 03/23/2022
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Armstrong World (AWI) Introduces Five-Year Growth Strategy
- Armstrong World (AWI) benefits from investment in new products and inorganic moves.
- 03/04/2022
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Armstrong World (AWI) Q4 Earnings & Sales Top, Stock Down
- Armstrong World's (AWI) fourth-quarter results benefit from a favorable AUV and 2020 Acquisitions.
- 02/23/2022
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q4 2021 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q4 2021 Results - Earnings Call Transcript
- 02/22/2022
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Armstrong World Industries (AWI) Q4 Earnings and Revenues Beat Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of 2.83% and 2.73%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/22/2022
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Armstrong World Industries to Report Fourth Quarter and Full Year 2021 Results February 22
- LANCASTER, Pa., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, will release its fourth-quarter and full year 2021 results before the market opens on Tuesday, Feb. 22 and host a conference call to discuss these results at 10:00 a.m. ET.
- 02/08/2022
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Armstrong World (AWI) Q3 Earnings Lag, Revenues Top Estimates
- Armstrong World's (AWI) third-quarter earnings reflect robust contribution from the operating segments, 2020 Acquisitions and favorable AUV. Yet, supply chain disruptions are concerns.
- 10/27/2021
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q3 2021 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q3 2021 Results - Earnings Call Transcript
- 10/26/2021
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Armstrong World Industries (AWI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Armstrong World Industries (AWI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/19/2021
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Armstrong World Industries to Report Third-Quarter 2021 Results October 26
- LANCASTER, Pa., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, will release its third-quarter 2021 results before the market opens on Tuesday, October 26 and host a conference call to discuss these results at 10:00 a.m. ET.
- 10/12/2021
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August Starts, Permits Rise: 7 Construction Stocks to Bet on
- Historically low mortgage rates and declining lumber prices in the construction sector are helping the housing as well as related industries to regain momentum.
- 09/22/2021
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Armstrong World Industries Announces CFO Retirement and Transition Plan
- LANCASTER, Pa., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, announced today the planned retirement of Brian MacNeal, chief financial officer, effective May 1, 2022.
- 09/01/2021
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Here's Why You Should Invest In Armstrong World (AWI) Stock Now
- Armstrong World (AWI) benefits from strategic acquisitions, and timely investments in new products and digitization.
- 09/01/2021
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Armstrong World Industries (AWI) Down 1.4% Since Last Earnings Report: Can It Rebound?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 08/26/2021
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Armstrong World Industries Worth Watching For An 'Air Pocket'
- Armstrong World Industries Worth Watching For An 'Air Pocket'
- 08/24/2021
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Armstrong World (AWI) Q2 Earnings & Revenues Top Estimates
- Armstrong World's (AWI) second-quarter earnings reflect robust contribution from the operating segments, 2020 Acquisitions and favorable AUV.
- 07/28/2021
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q2 2021 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q2 2021 Results - Earnings Call Transcript
- 07/27/2021
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Armstrong World Industries (AWI) Surpasses Q2 Earnings and Revenue Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of 14.85% and 7.42%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2021
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Armstrong World Industries Reports Second Quarter 2021 Results
- Key Highlights
- 07/27/2021
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Armstrong World Industries (AWI) Reports Next Week: Wall Street Expects Earnings Growth
- Armstrong World Industries (AWI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/20/2021
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Armstrong World Industries to Report Second-Quarter 2021 Results July 27
- LANCASTER, Pa., July 13, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, will release its second-quarter 2021 results before the market opens on Tuesday, July 27 and host a conference call to discuss these results at 10:00 a.m. ET.
- 07/13/2021
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Armstrong World (AWI) Jumps 43% YTD: What's Behind the Rally?
- While COVID-led weakness and soft volumes in Armstrong World's (AWI) Mineral Fiber segment are woes, buyouts and solid improvement in the Architectural Specialty business are likely to drive growth.
- 06/01/2021
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Armstrong World Industries (AWI) Up 0.2% Since Last Earnings Report: Can It Continue?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 05/27/2021
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Armstrong World (AWI) Gains From Inorganic Moves Amid Weakness
- Armstrong World (AWI) benefits from timely acquisition and digitalization. However, impacts of the coronavirus pandemic and softness in mineral fiber segment areconcerns.
- 05/19/2021
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Armstrong World (AWI) Q1 Earnings Miss, Revenues Beat Estimates
- Armstrong World's (AWI) first-quarter earnings reflect higher SG&A expenses and lower volumes that offset the contributions from 2020 buyouts.
- 04/28/2021
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q1 2021 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q1 2021 Results - Earnings Call Transcript
- 04/27/2021
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Armstrong World Industries (AWI) Q1 Earnings Lag Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -12.50% and 2.51%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2021
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Armstrong World Industries Reports First Quarter 2021 Results
- Key Highlights
- 04/27/2021
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Armstrong World Industries Declares Cash Dividend for First Quarter 2021
- LANCASTER, Pa., April 20, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has declared a cash dividend of $0.21 per share for the first quarter of 2021. The dividend will be paid on May 20, 2021, to shareholders of record as of the close of business on May 6, 2021.
- 04/20/2021
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URI or AWI: Which Is the Better Value Stock Right Now?
- URI vs. AWI: Which Stock Is the Better Value Option?
- 04/15/2021
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Returning Workers Seek Workspaces That Address More Than Safety
- 2021 Pulse Point Occupants Survey Reveals Desires for Spaces Fit for Sustainability and Personal Well-Being 2021 Pulse Point Occupants Survey Reveals Desires for Spaces Fit for Sustainability and Personal Well-Being
- 04/15/2021
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Armstrong World Industries to Report First Quarter 2021 Results April 27
- LANCASTER, Pa., April 13, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI) will report its first quarter 2021 results via a webcast and conference call for investors on Tuesday, April 27 at 11:00 a.m. Eastern time.
- 04/13/2021
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7 Cyclical Stocks With Room To Run up Even After Recent Gains
- Cyclical stocks also have higher volatility and are seen as producing higher returns during periods of economic strength. The post 7 Cyclical Stocks With Room To Run up Even After Recent Gains appeared first on InvestorPlace.
- 03/31/2021
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OC vs. AWI: Which Stock Should Value Investors Buy Now?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 03/30/2021
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Armstrong World Industries (AWI) Up 1.1% Since Last Earnings Report: Can It Continue?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 03/25/2021
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Armstrong World Industries: Becoming Stronger After The Pandemic
- Armstrong World Industries: Becoming Stronger After The Pandemic
- 03/08/2021
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OC or AWI: Which Is the Better Value Stock Right Now?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 02/24/2021
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Armstrong World (AWI) Q4 Earnings & Revenues Beat Estimates
- Armstrong World's (AWI) fourth-quarter top line reflects lower volumes in both Mineral Fiber and Architectural Specialties segments due to COVID-19-hit market demand.
- 02/24/2021
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q4 2020 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q4 2020 Results - Earnings Call Transcript
- 02/23/2021
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Armstrong World Industries Reports Fourth Quarter and Full Year 2020 Results
- Key Highlights
- 02/23/2021
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Armstrong World Industries Declares Cash Dividend for Fourth Quarter 2020
- LANCASTER, Pa., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has declared a cash dividend of $0.21 per share of common stock for the fourth quarter of 2020. The dividend will be paid on March 18, 2021, to shareholders of record as of the close of business on March 4, 2021.
- 02/17/2021
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Armstrong World Industries to Report Fourth Quarter and Full Year 2020 Results February 23
- LANCASTER, Pa., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI) will report its fourth quarter and full year 2020 results via a webcast and conference call for investors on Tuesday, February 23 at 11:00 a.m. Eastern time.
- 02/09/2021
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OC vs. AWI: Which Stock Is the Better Value Option?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 02/08/2021
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URI vs. AWI: Which Stock Is the Better Value Option?
- URI vs. AWI: Which Stock Is the Better Value Option?
- 01/21/2021
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URI or AWI: Which Is the Better Value Stock Right Now?
- URI vs. AWI: Which Stock Is the Better Value Option?
- 01/05/2021
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OC or AWI: Which Is the Better Value Stock Right Now?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 12/17/2020
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Armstrong World Industries, Inc. Acquires Arktura
- LANCASTER, Pa., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI) today announced that it has completed its acquisition of Arktura, LLC, an award-winning designer and fabricator of ceilings, walls, partitions and facades based in Los Angeles, California. Founded and led by architects and designers, Arktura is a leader in architectural specialty metal and felt solutions recognized for fusing ingenuity and creativity with leading edge technologies and software to deliver visionary design. With Arktura's exciting and novel capabilities, AWI further strengthens its robust portfolio of architectural specialty solutions, as well as its design capabilities across its entire enterprise.
- 12/16/2020
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Thompson: Housing, and housing-related stocks, are going to continue to be a big theme in 2021
- Kathryn Thompson, CEO of Thompson Research Group, discusses how investors can continue to play the housing sector in 2021, with stocks of some building materials companies.
- 12/16/2020
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Why Is Armstrong World Industries (AWI) Up 31.4% Since Last Earnings Report?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
- 11/26/2020
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Armstrong World Industries, Inc. to Acquire Arktura
- LANCASTER, Pa., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI) today announced it has entered into an agreement to acquire Arktura, LLC, a designer and fabricator of ceilings, walls, partitions and facades based in Los Angeles, California. Founded and led by architects and designers, Arktura is a leader in architectural specialty metal and felt solutions recognized for fusing ingenuity and creativity with leading edge technologies and software to deliver visionary design.
- 11/20/2020
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Were These Hedge Funds Wrong About Loading Up On Armstrong World Industries, Inc. (AWI)?
- In this article we will take a look at whether hedge funds think Armstrong World Industries, Inc. (NYSE:AWI) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
- 11/09/2020
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Goldman Sachs Says Buy 4 Top Industrial Stocks After Very Solid Q3 Results
- For years, technology has dominated the stock market, and with good reason. The profound change since the turn of the century has been breathtaking, and many normal, everyday things now were not even considered them.
- 10/29/2020
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q3 2020 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Armstrong World Industries Reports Third Quarter 2020 Results
- Key Highlights
- 10/27/2020
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Armstrong Announces New Ceiling Solutions to Improve Indoor Air Quality
- Up to 40% more air filtration, reducing spread of pathogens Up to 40% more air filtration, reducing spread of pathogens
- 10/26/2020
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ACA vs. AWI: Which Stock Is the Better Value Option?
- ACA vs. AWI: Which Stock Is the Better Value Option?
- 08/19/2020
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Were Hedge Funds Right About Souring On Armstrong World Industries, Inc. (AWI)?
- We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
- 08/03/2020
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OC vs. AWI: Which Stock Is the Better Value Option?
- OC vs. AWI: Which Stock Is the Better Value Option?
- 08/03/2020
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Q3 2020 EPS Estimates for Armstrong World Industries Inc (NYSE:AWI) Cut by Analyst
- Armstrong World Industries Inc (NYSE:AWI) – Equities research analysts at SunTrust Banks cut their Q3 2020 EPS estimates for shares of Armstrong World Industries in a research report issued to clients and investors on Tuesday, July 28th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $0.92 […]
- 08/02/2020
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Armstrong World Industries, Inc. (NYSE:AWI) Pays A US$0.20 Dividend In Just Four Days
- Armstrong World Industries, Inc. (NYSE:AWI) stock is about to trade ex-dividend in 4 days. You can purchase shares...
- 07/31/2020
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Armstrong World (AWI) Q2 Earnings Miss, Shares Down 11.7%
- Armstrong World Industries' (AWI) second-quarter results are hurt by lower volume and unfavorable AUV.
- 07/29/2020
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Armstrong World Industries Inc (AWI) Q2 2020 Earnings Call Transcript
- AWI earnings call for the period ending June 30, 2020.
- 07/28/2020
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q2 2020 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI) Q2 2020 Earnings Conference Call July 28, 2020 11:00 AM ET Company Participants Tom Waters - Vice President, Corporate Finance Vic Grizzle - Chief Executive Officer Brian MacNeal - Chief Financial Officer Conference Call Participants John Lovallo - Bank of America Merrill Lynch Maggie Grady - Jeffries Susan Maklari - Goldman Sachs Brian Biros - Thompson Research Group Keith Hughes - SunTrust Robinson Humphrey Kenneth Zener - KeyBanc Capital Markets Adam Baumgarten - Credit Suisse Stephen Kim - Evercore ISI Yves Bromehead - Exane BNP Paribas Justin Speer - Zelman & Associates Presentation Operator Ladies and gentlemen, thank you for standing by and welcome to the Second Quarter 2020 Armstrong World Industries Inc.
- 07/28/2020
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Why Shares of Armstrong World Industries Are Down Today
- Shares of Armstrong World Industries (NYSE: AWI) traded down 11% on Wednesday afternoon after the construction materials supplier reported worse-than-expected quarterly results. The COVID-19 pandemic has caused delays in construction projects, leading to sluggish demand for the products Armstrong manufactures. "The second quarter of 2020 was unprecedented in many ways, and created numerous challenges for our teams and partners," Armstrong CEO Vic Grizzle said in a statement.
- 07/28/2020
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Armstrong World Industries, Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Armstrong World Industries, Inc. in conjunction with their 2020 Q2 earnings call..
- 07/28/2020
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The Zacks Analyst Blog Highlights: D.R. Horton, Armstrong World Industries, United Rentals, Patrick Industries and Masco
- The Zacks Analyst Blog Highlights: D.R. Horton, Armstrong World Industries, United Rentals, Patrick Industries and Masco
- 07/28/2020
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Armstrong World Industries (AWI) Q2 Earnings and Revenues Miss Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -17.58% and -7.50%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2020
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Armstrong World Industries, Inc. Acquires Turf Design, Inc.
- LANCASTER, Pa., July 28, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI) today announced it has acquired Turf Design, Inc., a Chicago-based commercial interiors design house and maker of custom felt ceiling and wall solutions with annual revenues of approximately $25 million. The acquisition strengthens AWI’s design and manufacturing capabilities and broadens its extensive portfolio of architectural specialties ceiling and wall solutions. Turf is the leader in the specialty felt category and operates an 8,000 sq. ft. innovation center and design showroom in downtown Chicago, together with a 75,000 sq. ft. fabrication facility in Elgin, Ill., where it makes a wide range of custom-specified felt ceilings and wall products for a variety of applications. Turf’s felt products are made primarily of polyethylene terephthalate (PET) -- recycled plastic found in water or soda bottles. Turf felt contains up to 60% recycled content, and it’s 100% recyclable at end of life, further enhancing AWI’s commitment to sustainability. AWI CEO Vic Grizzle said, “With the increasing demand for acoustical and sustainable interior solutions, expanding our felt offerings has been a top priority. Felt is one of the fastest growing specified products in the architectural specialty product space. Turf is the category leader that architects and designers have come to depend on to bring their creative designs to life. Turf also has a strong profit profile that will be accretive to our architectural specialties segment.” AWI Ceiling Solutions SVP Charlie Chiappone added, “We are very excited to have the Turf family and their independent sales representative network join our growing organization. In a relatively short period of time, Turf has rapidly developed the felt category and established itself as the innovative leader in the space. Turf’s success is clearly attributable to a commitment to inspirational design, innovation and customer service by every member of their team. We look forward to growing with them, and to building upon their success by leveraging the brand, scale and market reach of Armstrong.” Turf will continue to operate from its current facilities and retain its company name, brands and organizational and go-to-market structures. The Turf independent representative network will remain intact and complement AWI’s current go-to-market selling model. AWI funded the acquisition with available cash and its revolving credit facility. Financial terms of the transaction were not disclosed. For more information, visit www.armstrongceilings.com/turfdesign. About Armstrong World Industries Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas. With over $1 billion in revenue in 2019, AWI has approximately 2,500 employees and a manufacturing network of 13 facilities, plus five facilities dedicated to its WAVE joint venture. Uncertainties Affecting Forward-Looking Statements Disclosures in this release and in our other public documents and comments may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements provide our future expectations or forecasts and can be identified by our use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," "target," "predict," "may," "will," "would," "could," "should," "seek," and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” sections of our reports on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We do not undertake or assume any obligation to update or revise any forward-looking statements beyond what is required under applicable securities law. CONTACT: Contacts Investors: Thomas Waters, twaters@armstrongceilings.com or (717) 396-6354 Media: Jennifer Johnson, jenniferjohnson@armstrongceilings.com or (866) 321-6677
- 07/28/2020
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Armstrong World Industries Reports Second Quarter 2020 Results
- Key Highlights * Net sales of $203.2 million, down 25% versus the prior year quarter * Operating income of $62.4 million, down 28% versus the prior year quarter * Adjusted EBITDA down 36% versus the prior year quarter * FY 2020 Outlook: Revenue down 10%-18% and adjusted Free Cash Flow margin 22%-25% * Acquired Turf Design, the leading manufacturer of felt ceilings, walls, and barrier solutionsLANCASTER, Pa., July 28, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today reported financial results for the second quarter of 2020.Second Quarter Results from Continuing Operations(Dollar amounts in millions except per-share data) For the Three Months Ended June 30, 2020 2019 Change Net sales $203.2 $272 (25.3)% Operating income $62.4 $87.2 (28.4)% Earnings from continuing operations $49.5 $63.7 (22.3)% Diluted earnings per share $1.03 $1.28 (19.5)% Net sales decreased compared to the prior year quarter, driven by lower volumes in both the Mineral Fiber and Architectural Specialties segments as a result of lower market demand due to COVID-19, as well as unfavorable Mineral Fiber AUV. The unfavorable AUV was driven by mix primarily due to regional weakness in major metropolitan areas impacted by COVID-19. Like for like price was positive in the quarter.Operating income decreased from the prior year quarter, driven primarily by lower volume in the Mineral Fiber segment and lower earnings from our WAVE joint venture, partially offset by lower SG&A expenses and improved manufacturing productivity. The second quarter of 2020 also benefitted from a $14 million gain on the sale of our idled mineral fiber plant in China, which was reported as a component of our Unallocated Corporate segment. “The second quarter of 2020 was unprecedented in many ways, and created numerous challenges for our teams and partners. I am pleased that the Armstrong team found ways to operate safely, prioritize the needs of our customers, and quickly pivot our focus to the products and solutions that will be needed as the economy reopens. We are seeing sequential improvement in the quarter and are focused on a future that will demand safer interior environments in schools, offices, healthcare facilities and other spaces,” said Vic Grizzle, President and CEO of AWI. “I’m also very pleased to announce our acquisition of Chicago-based Turf Design. Turf is the leader in the fast growing specialty category of felt ceilings, walls and screening systems. This is an exciting acquisition for AWI, which further strengthens our leading position in specialty ceiling and wall solutions, and enhances our design and go-to-market capabilities and capacities. Lastly, in a demonstration of confidence in our continued cash flow generation, our Board of Directors has authorized an increase in our share repurchase program from $700 million to $1.2 billion and extended the term until 2023.”Additional (non-GAAP*) Financial Metrics from Continuing Operations(Dollar amounts in millions except per-share data) For the Three Months Ended June 30, 2020 2019 Change Adjusted EBITDA $69 $108 (36.3)% Adjusted net income $36 $63 (42.7)% Adjusted diluted earnings per share $0.75 $1.27 (40.6)% Adjusted free cash flow $63 $55 14.6% * The Company uses the above non-GAAP adjusted measures in managing the business and believes the adjustments provide meaningful comparisons of operating performance between periods. The Company also believes that the adjustments help users of our financial information understand the effect of those adjusted items on our selected reported results and provide useful alternative measurements of performance. See Supplemental Reconciliations of GAAP to non-GAAP results (below) for a breakdown of the adjustments and a reconciliation of the selected reported results to these non-GAAP measures.(Dollar amounts in millions) For the Three Months Ended June 30, 2020 2019 Change Adjusted EBITDA Mineral Fiber $62 $96 (34.8)% Architectural Specialties 6 12 (47.9)% Consolidated Adjusted EBITDA $69 $108 (36.3)% Consolidated adjusted EBITDA declined 36% in the second quarter when compared to the same prior year period, driven primarily by lower volumes, partially offset by lower SG&A expenses and improved manufacturing productivity. Second Quarter Segment HighlightsMineral Fiber(Dollar amounts in millions) For the Three Months Ended June 30, 2020 2019 Change Net sales (as reported) $157.9 $214.1 (26.2)% Operating income (as reported) $45.6 $79.4 (42.6)% Adjusted EBITDA $62 $96 (34.8)% Mineral Fiber net sales decreased due to lower volume and unfavorable AUV. The unfavorable AUV was driven by mix due primarily to regional weakness in major metropolitan areas impacted by COVID-19. Like for like price was positive in the quarter. Operating income decreased in the second quarter primarily due to the negative impact of lower volumes, lower WAVE earnings and the impact of unfavorable AUV, partially offset by improved manufacturing productivity, higher Transition Service Agreement cost reimbursements, and a reduction in incentive compensation expenses.Architectural Specialties(Dollar amounts in millions) For the Three Months Ended June 30, 2020 2019 Change Net sales (as reported) $45.3 $57.9 (21.8)% Operating income (as reported) $4.3 $9.5 (54.7)% Adjusted EBITDA $6 $12 (47.9)% Net sales in Architectural Specialties declined due to a reduction in demand across almost all product categories and geographies as a result of the COVID-19 pandemic.Operating income decreased due to the negative impact of lower sales volume, as well as additional amortization expense related to acquisitions made in 2019.Unallocated CorporateUnallocated corporate income of $13 million compared to $2 million of expense in the prior year quarter, primarily due to the $14 million gain on the sale of our idled mineral fiber plant in China.Year to Date Results from Continuing Operations(Dollar amounts in millions) For the Six Months Ended June 30, 2020 2019 Change Net sales (as reported) $451.9 $514.1 (12.1)% Operating income (as reported) $138.4 $141.9 (2.5)% Adjusted EBITDA $166 $200 (17.3)% Net sales decreased driven mainly by lower volumes in both the Mineral Fiber and Architectural Specialties segments and unfavorable AUV in the Mineral Fiber segment. Operating income decreased from the prior year period, primarily due to decreased sales as a result of the COVID-19 pandemic, partially offset by the gain on sale of the idled China plant, lower SG&A expenses and improved manufacturing productivity.Market and 2020 Outlook“Market conditions have been improving since April as more cities and states reopen construction sites. However, we continue to see variability in regional demand and, accordingly, have decided not to reinitiate our customary financial guidance for 2020 at this time. As we currently outlook the remainder of the year, assuming sequential market improvement and no second wave of market shutdowns, we expect sales for the full year to be down 10%-18% and adjusted EBITDA margins to be greater than 35%. We also continue to expect to generate a free cash flow margin of 25%,” said Brian MacNeal, CFO of AWI. “Our balance sheet, liquidity, and ability to generate cash remain strong, and we are keeping a close eye on key economic indicators to help gauge the duration and severity of COVID-19’s impact on the economy.”Earnings Webcast Management will host a live internet broadcast beginning at 11:00 a.m. eastern time today, to discuss second quarter 2020 results. This event will be broadcast live on the Company's website. To access the call and accompanying slide presentation, go to www.armstrongceilings.com and click Investors. The replay of this event will also be available on the Company's website for up to one year after the date of the call.Uncertainties Affecting Forward-Looking StatementsDisclosures in this release, including without limitation, those relating to future financial results, market conditions and guidance, and in our other public documents and comments, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements provide our future expectations or forecasts and can be identified by our use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “outlook,” “target,” “predict,” “may,” “will,” “would,” “could,” “should,” “seek,” and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” section of our report on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”). Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.
- 07/28/2020
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Are Investors Undervaluing Armstrong World Industries, Inc. (NYSE:AWI) By 28%?
- Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Armstrong World...
- 07/27/2020
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Armstrong World Industries Declares Cash Dividend for Second Quarter 2020
- LANCASTER, Pa., July 22, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has declared a cash dividend of $0.20 per share for the second quarter of 2020. The dividend will be paid on August 20, 2020, to shareholders of record as of the close of business on August 6, 2020. The declaration and payment of future dividends and capital allocations will be at the discretion of the Board of Directors and will be dependent upon, among other things, the company's financial position, results of operations and cash flow.Uncertainties Affecting Forward-Looking StatementsDisclosures in this release, including without limitation, those relating to future financial results, future dividends or capital allocation, market conditions and guidance, and in our other public documents and comments, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements provide our future expectations or forecasts and can be identified by our use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “outlook,” “target,” “predict,” “may,” “will,” “would,” “could,” “should,” “seek,” and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” section of our report on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.About ArmstrongArmstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas. With over $1B in revenue, AWI has about 2,500 employees and a manufacturing network of twelve facilities plus five plants dedicated to its WAVE joint venture. For more information, visit www.armstrongceilings.com. CONTACT: Contacts Investors: Thomas Waters, twaters@armstrongceilings.com or (717) 396-6354 Media: Jennifer Johnson, jenniferjohnson@armstrongceilings.com or (866) 321-6677
- 07/22/2020
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Armstrong World Industries (AWI) Expected to Beat Earnings Estimates: Should You Buy?
- Armstrong World Industries (AWI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/21/2020
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Armstrong World Industries to Report Second Quarter 2020 Results July 28
- LANCASTER, Pa., July 15, 2020 -- Armstrong World Industries, Inc. (NYSE:AWI) will report its second quarter 2020 results via a webcast and conference call for investors on.
- 07/15/2020
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URI vs. AWI: Which Stock Is the Better Value Option?
- URI vs. AWI: Which Stock Is the Better Value Option?
- 07/15/2020
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Black Bear Value Partners LP Q2 2020 Letter
- Black Bear Value Fund, LP is an opportunistic, concentrated and fundamental value investment partnership. Black Bear Value Fund, LP returned -20.6%, net, YTD.
- 07/13/2020
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$0.91 EPS Expected for Armstrong World Industries Inc (NYSE:AWI) This Quarter
- Equities research analysts expect that Armstrong World Industries Inc (NYSE:AWI) will report $0.91 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Armstrong World Industries’ earnings. The highest EPS estimate is $1.04 and the lowest is $0.85. Armstrong World Industries reported earnings of $1.27 per share during the […]
- 07/06/2020
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Short Interest in Armstrong World Industries Inc (NYSE:AWI) Expands By 32.0%
- Armstrong World Industries Inc (NYSE:AWI) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,360,000 shares, an increase of 32.0% from the June 15th total of 1,030,000 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average […]
- 07/06/2020
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The Manufacturers Life Insurance Company Has $6.07 Million Holdings in Armstrong World Industries Inc (NYSE:AWI)
- The Manufacturers Life Insurance Company grew its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 9.0% in the 1st quarter, HoldingsChannel reports. The fund owned 76,392 shares of the construction company’s stock after buying an additional 6,313 shares during the period. The Manufacturers Life Insurance Company’s holdings in Armstrong World Industries were worth […]
- 07/05/2020
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SunTrust Banks Comments on Armstrong World Industries Inc’s Q2 2020 Earnings (NYSE:AWI)
- Armstrong World Industries Inc (NYSE:AWI) – SunTrust Banks raised their Q2 2020 earnings per share (EPS) estimates for Armstrong World Industries in a research report issued to clients and investors on Tuesday, June 30th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings per share of $1.04 for the quarter, […]
- 07/04/2020
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Engineers Gate Manager LP Has $245,000 Stock Position in Armstrong World Industries Inc (NYSE:AWI)
- Engineers Gate Manager LP lowered its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 43.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,090 shares of the construction company’s stock after selling 2,345 shares during the period. Engineers Gate Manager LP’s holdings in […]
- 07/03/2020
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Business Model Innovations in the Building Construction Industry, 2020
- Asia-Pacific is expected to record substantial building construction development in the next five years despite some impact from the COVID-19 pandemic in 2020. This is mainly impacted by the rapid urbanization and heavy investment in the region.
- 07/02/2020
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Armstrong World Industries (NYSE:AWI) Rating Increased to Outperform at Exane BNP Paribas
- Armstrong World Industries (NYSE:AWI) was upgraded by research analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports. Several other brokerages have also issued reports on AWI. Loop Capital upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating […]
- 06/30/2020
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Insights into the Worldwide Dry Construction Market to 2024 - Featuring Etex NV, Fletcher Building & Grupo Promax Among Others - ResearchAndMarkets.com
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BNP Paribas Arbitrage SA Lowers Holdings in Armstrong World Industries Inc (NYSE:AWI)
- BNP Paribas Arbitrage SA decreased its holdings in Armstrong World Industries Inc (NYSE:AWI) by 12.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,607 shares of the construction company’s stock after selling 634 shares during the quarter. BNP Paribas Arbitrage SA’s holdings […]
- 06/21/2020
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Wellington Management Group LLP Acquires 12,941 Shares of Armstrong World Industries Inc (NYSE:AWI)
- Wellington Management Group LLP increased its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 270,982 shares of the construction company’s stock after acquiring an additional 12,941 shares during the quarter. Wellington […]
- 06/20/2020
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The Global Ceiling Tiles Market is expected to grow from USD 6,438.55 Million in 2019 to USD 9,359.54 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.43%
- Market Segmentation & Coverage: This research report categorizes the Ceiling Tiles to forecast the revenues and analyze the trends in each of the following sub-markets: On the basis of Product Type, the Ceiling Tiles Market is studied across Gypsum, Metal, and Mineral Wool.
- 06/20/2020
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Hedge Funds Are Getting Out Of Armstrong World Industries, Inc. (AWI)
- In this article you are going to find out whether hedge funds think Armstrong World Industries, Inc. (NYSE:AWI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]
- 06/19/2020
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Impact of COVID-19 on the Worldwide Building Panels Industry to 2027 - ResearchAndMarkets.com
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How a Winning Mid-Cap Stock Fund Makes Safer Bets
- The $3.2 billion Touchstone Mid Cap fund has built a record taking significant and long-term positions in high-quality midsize companies.
- 06/18/2020
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How a Winning Midcap Stock Fund Makes Safer Bets
- The $3.2 billion Touchstone Mid Cap fund has built a record taking significant and long-term positions in high-quality midsize companies.
- 06/17/2020
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New Strong Sell Stocks for June 5th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 06/05/2020
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New Strong Sell Stocks for June 3rd
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 06/03/2020
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Benzinga's Top Upgrades, Downgrades For May 28, 2020
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Tracking Jeffrey Ubben's ValueAct Portfolio - Q1 2020 Update
- Jeffrey Ubben's 13F portfolio value decreased from $9.88B to $6.96B this quarter. ValueAct increased LKQ and Hawaiian Electric during the quarter. The top three
- 05/28/2020
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Credit Suisse Initiates Coverage On Armstrong World Indus with Outperform Rating, Announces Price Target of $88
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Armstrong World Industries (AWI) Down 6.1% Since Last Earnings Report: Can It Rebound?
- Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 05/27/2020
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MIG Capital, LLC Buys Apollo Global Management Inc, Vail Resorts Inc, Copart Inc, Sells ...
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Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q1 2020 Update
- William Von Mueffling's 13F portfolio value decreased this quarter from $10.75B to $9.04B. They added Applied Materials, Microsoft, and W R Grace & Co during th
- 05/11/2020
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Athene Holding's (ATH) CEO Jim Belardi on Q1 2020 Results - Earnings Call Transcript
- Athene Holding Ltd. (NYSE:ATH) Q1 2020 Earnings Conference Call May 8, 2020 10:00 AM ET Company Participants Noah Gunn – Head-Investor Relations Jim Belardi – C
- 05/09/2020
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Aweber Register | Armstrong Economics
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Plastivores – The Planet will Save Itself | Armstrong Economics
- (Image Credit: Harald Grove/Brandon University) Our fascinating planet is more resilient than we could imagine. We create issues for which the planet already has solutions. Plastics have become the demon that the politicians wish to eliminate or tax in their laughable effort to save the Earth as if this incredible planet were a damsel in distress. Pollution and littering are different from climate change as one is indeed human-induced while the other is an unpreventable natural phenomenon. Instead of passing legislation to eliminate litter such as plastic waste, the planet may have already found its own solution. A few years ago, a group of researchers at Stanford identified a species of mealworms that can survive on a diet of Styrofoam. In fact, scientists have discovered over 50 species of "plastivores" who thrive on plastic-based diets. The majority of these species consist of fungi and bacteria, but researchers at LeMoine and Brandon University have been focusing their efforts on wax moth caterpillar larvae. This particular caterpillar has microbiome gut organisms capable of metabolizing polyethylene (i.e. plastic) into energy. The researchers conducted a study in which they took a sample of 100 caterpillars and fed them a diet of plastic bags. The caterpillars were able to survive for a week on a diet that consisted of only plastics. Within that week, 60% of the caterpillars consumed 30 square centimeters of plastic. The researchers then took their study a step further by isolating some of the gut microbiomes within these caterpillars and found that this bacteria was capable of surviving on a plastic diet for a year. Additionally, they discovered that the caterpillars working in conjunction with their gut microbiomes could consume more plastics than the microbiomes alone. Supplementary research is needed to discover how these plastivore species can help to eliminate waste. As comedian George Carlin jokingly said, "It's a self-correcting system…The Earth doesn't share our prejudice toward plastic. Plastic came out of the Earth, the Earth probably sees plastic as another one of its children. It could be the only reason the Earth allowed us to be spawned out of it in the first place." Instead of increasing legislation or punishing people for existing, we should turn toward the resilient planet for solutions to problems that we created. We cannot save the Earth. The Earth holds the power. As Carlin said, if needed, "The planet will shake us off like a bad case of fleas; a surface nuisance," and humans will become "just another failed mutation."
- 05/01/2020
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SunTrust Banks Weighs in on Armstrong World Industries Inc's Q3 2020 Earnings (NYSE:AWI)
- Armstrong World Industries Inc (NYSE:AWI) – Investment analysts at SunTrust Banks dropped their Q3 2020 earnings estimates for shares of Armstrong World Industries in a research note issued to investors on Monday, April 27th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings per share of $1.13 for the quarter, […]
- 05/01/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Thursday, April 30, 2020 _____ 142 FPUS54 KAMA 010730 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 230 AM CDT Fri May 1 2020 TXZ012-017-020115- Potter-Randall- Including the cities of Amarillo and Canyon 230 AM CDT Fri May 1 2020 .TODAY...Mostly cloudy. A 20 percent chance of showers and thunderstorms in the afternoon. Highs in the upper 90s. West winds 10 to 15 mph. .TONIGHT...Mostly clear. A 20 percent chance of showers and thunderstorms in the evening. Lows in the upper 50s. Southeast winds 5 to 10 mph shifting to the southwest after midnight. .SATURDAY...Sunny. Highs in the lower 90s. Northwest winds 10 to 15 mph. .SATURDAY NIGHT...Increasing clouds. Lows in the mid 50s. West winds 5 to 10 mph shifting to the north 10 to 15 mph after midnight. .SUNDAY...Partly cloudy. Highs in the upper 80s. Northeast winds 5 to 10 mph shifting to the southeast in the afternoon. .SUNDAY NIGHT...Clear. Lows in the upper 50s. .MONDAY...Sunny. Highs in the lower 90s. .MONDAY NIGHT...Clear. Lows in the mid 50s. .TUESDAY...Sunny. Highs in the lower 80s. .TUESDAY NIGHT...Mostly clear. Lows in the lower 50s. .WEDNESDAY...Mostly sunny. Highs in the lower 80s. .WEDNESDAY NIGHT...Partly cloudy. Lows in the lower 50s. .THURSDAY...Mostly cloudy. A 20 percent chance of showers and thunderstorms in the morning. Highs in the mid 70s. $$ TXZ317-020115- Palo Duro Canyon- Including the city of Palo Duro Canyon 230 AM CDT Fri May 1 2020 .TODAY...Mostly cloudy. A 20 percent chance of showers and thunderstorms in...
- 05/01/2020
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Q2 2020 EPS Estimates for Armstrong World Industries Inc Lowered by SunTrust Banks (NYSE:AWI)
- Armstrong World Industries Inc (NYSE:AWI) – Stock analysts at SunTrust Banks reduced their Q2 2020 EPS estimates for shares of Armstrong World Industries in a research report issued on Monday, April 27th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.97 per share for the quarter, down from […]
- 05/01/2020
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Can a Vaccine or Virus Alter People's Beliefs – Crime Against Humanity? | Armstrong Economics
- (subtitles in Russian) There has been a chilling video where recently it has been alleged that Bill Gates gave a lecture to the Pentagon where a vaccine or virus could deliver a genetic something to alter what is being called the God Gene. This leaked video appears to be dubbed at least from an audio perspective or it is not properly synced. It certainly does not appear to be Bill Gates dating from 2005. Some have theorized that there was a program #FUNVAX to alter the minds of "religious fanatics" in order to control their behavior. This is really scary stuff. There is no evidence that the Pentagon ever launched such a program and if they did, it does not seem to have worked in Afghanistan. There has been much distrust about Bill Gates for on the one hand his fears overpopulation but then wants to vaccinate the world to protect us from this Coronavirus. This position is certainly inconsistent and it has many wondering what is his real agenda? Many fear that Gates is dangerously flirting with genetics, which some warn is becoming part of the social environment, and it is setting itself up as a form of secular religion, with fundamentalist overtones. The knowledge provided by mapping and sequencing the human genome may make it possible to achieve one of the most provocative of the new biotechnologies: human gene therapy. Now comes the comparison to the well-known eugenicists Josef Mengele. It was Mengele who conducted experiments taking identical twins, and subjecting one to horrible experiments in an effort to distinguish the difference between genetic and behavioral differences. Eugenicists held genetics responsible for undesirable characteristics and social conditions like criminality and poverty. Proposing that religious "fanatics" can be defined very loosely to anyone who disagrees with the state or a philosophical standard is the stuff of a James Bond plot. Eugenicists may not be advocating gas chambers or torturing a twin to compare the responses with an identical twin, but what the ramification would be by trying to vaccinate people or to create a genetically engineered virus to deliver a genetic alteration as suggested in the Pentagon briefing is just mindblowing. Some fear that this could become reality despite the fact that this video is most likely a fake. There is a risk that genetically engineering viruses to deliver some genetic altering effect is not unrealistic. The only real question is can there really be a God Gene that is subject to being altered, which is far from being proven. While this video has been around and resurfaced over the years and was probably made to combat vaccinations, it is running around now claiming this is Bill Gates making a presentation at the Pentagon. There is no evidence this is Bill Gates. Given the science and the efforts at genetically engineering viruses, it is not beyond question that a virus could be engineered to do something very unpleasant. There is no concrete evidence that there is a God Gene can be altered or if it is 100% true. The theory centers on the idea that is there is such a gene, then it could be altered by a vaccine or a genetically engineered virus. I would suspect that if it could be altered, they would probably do it with a virus rather than some mandatory vaccine. Still, I would not accept a vaccine from Bill Gates because his agenda is inconsistent with his support of Climate Change.
- 05/01/2020
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Typos On Deaths Intentional or Just Typos? | Armstrong Economics
- The flue deaths in 2015 were 2500 whereas COVID is claimed to be about 1300. Then on top of that, the Swiss government reported the death os a 9-year-old girl due to COVID. It turned out the girl was 109-years-old. Then they reported a 27-year old man died of COVID. OOPS! So sorry. He was really 87. This is not providing very much comfort when they point the finger at anyone who says this is all nonsense as a right-wing conspiracy nut. As soon as they start labeling people, it is a singe that as always, if you cannot address the message, attack the messenger.
- 05/01/2020
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Market Talk – April 30, 2020 | Armstrong Economics
- ASIA: China's official index of manufacturing purchasing managers slipped to 50.8 in April from 52.0 in March, the National Bureau of Statistics said. Pandemic triggered recessions around the world have made Chinese manufacturers pessimistic about export demand. Cui Tiankai, China's ambassador to the United States, has said the two countries need to look beyond the pandemic controversy and undertake "a serious rethinking of the very foundations of this important relationship." The announcement comes after US President Trump announced he will be launching an investigation into China's handling of the coronavirus. Indian investors are quickly moving their cash into the safety of bank deposits after the shock closure of some high-profile domestic funds investing in high-yielding debt. Bankers told Reuters they saw heavy inflows into their traditional deposit schemes after one of India's most prominent mutual fund houses in fixed income, Franklin Templeton Mutual Fund, said last week it was shutting down six credit funds. Nine lobbying groups, including the US Chamber of Commerce, have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout of the coronavirus. From April 1, India imposed a new 2% tax on foreign billings or transactions where companies take payment abroad for digital services provided in India. The tax also applies to foreign e-commerce transactions on sites such as Amazon.com. Prime Minister Lee Hsien Loong said Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases. Lee warned of "significant structural changes" to the economy are likely even after the virus abates. The major Asian stock markets had a green day today: NIKKEI 225 increased 422.50 points or 2.14% to 20,193.69 Shanghai increased 37.64 points or 1.33% to 2,860.08 Hang Seng closed ASX 200 increased 129.00 points or 2.39% to 5,522.40 Kospi closed SENSEX increased 997.46 points or 3.05% to 33,717.62 The major Asian currency markets had a mixed day today: AUDUSD decreased 0.00161 or -0.25% to 0.65396 NZDUSD increased 0.00158 or 0.26% to 0.61573 USDJPY increased 0.39 or 0.37% to 106.98 USDCNY decreased 0.0085 or -0.12% to 7.06318 Precious Metals: Gold decreased 22.50 USD/t oz. or -1.31% to 1,692.20 Silver decreased 0.34 USD/t. oz or -2.20% to 14.9450 Some economic news from last night: China: Caixin Manufacturing PMI (Apr) decreased from 50.1 to 49.4 Chinese Composite PMI (Apr) increased from 53.0 to 53.4 Manufacturing PMI (Apr) decrease from 52.0 to 50.8 Non-Manufacturing PMI (Apr) increased from 52.3 to 53.2 Singapore: Bank Lending (Mar) decreased from 692.8B to 692.4B Japan: Industrial Production (MoM) (Mar) decreased from -0.3% to -3.7% Industrial Production forecast 1m ahead (MoM) (Apr) increased from -5.3% to 1.4% Industrial Production forecast 2m ahead (MoM) (May) decreased from 7.5% to -1.4% Retail Sales (YoY) (Mar) decreased from 1.6% to -4.6% New Zealand: ANZ Business Confidence (Apr) decreased from -63.5 to -66.6 NBNZ Own Activity (Apr) decreased from -26.7% to -55.1% Australia: Export Price Index (QoQ) (Q1) increased from -5.2% to 2.7% Housing Credit (Mar) remain the same at 0.3% Import Price Index (QoQ) (Q1) decreased from 0.7% to -1.0% Private Sector Credit (MoM) (Mar) increased from 0.5% to 1.0% Some economic news from today: Japan: Household Confidence (Apr) decreased from 30.9 to 21.6 Housing Starts (YoY) (Mar) increased from -12.3% to -7.6% Construction Orders (YoY) (Mar) decreased from 0.7% to -14.3% Singapore: Business Expectations (Q1) decreased from 12.00 to -56.00 Indonesia: M2 Money Supply (YoY) (Mar) increased from 7.90% to 12.10% Loans (YoY) (Mar) increased from 5.93% to 7.95% India: Infrastructure Output (YoY) (Mar) decreased from 5.5% to -6.5% EUROPE/EMEA: The European economy has witnessed its worst contraction since records began in 1995 during the first quarter this year. The initial data shows that the EU's GDP was reduced by 3.5% against the last quarter of 2019. Individual countries, like France, suffered a decline of 5.8% in the first quarter. The IMF expects a decline of 7% this year for the EU as a whole. The UK is having a quarrel with the EU over access to the UK waters. The chief negotiator for the EU has said that the EU will not agree on a trade deal with the UK unless they create a balanced, sustainable, and long-term solution on fisheries. The UK, however, is holding a hard line over rights to access their waters. The European Commission has said that they will look at ways to boost tourism within the EU after the pandemic is over. Member states have been advised to open borders as soon as possible to save the tourism industry. The Irish government has supported the EU in their battle with the UK over having an EU office in Belfast, after calling the prospect of an office "logical." The major Europe stock markets had a negative day today: CAC 40 decreased 98.93 points or -2.12% to 4,572.18 FTSE 100 decreased 214.04 points, or -3.50% to 5,901.21 DAX 30 decreased 246.10 points or -2.22% to 10,861.64 The major Europe currency markets had a mixed day today: EURUSD increased 0.00657 or 0.60% to 1.09437 GBPUSD increased 0.01235 or 0.99% to 1.25978 USDCHF decreased 0.00705 or -0.72% to 0.96690 Some economic news from Europe today: France: French GDP (QoQ) (Q1) decreased from -0.1% to -5.8% French Consumer Spending (MoM) (Mar) decreased from -0.5% to -17.9% French CPI (YoY) decreased from 0.7% to 0.4% French CPI (MoM) remain the same at 0.1% French HICP (MoM) remain the same at 0.1% French HICP (YoY) decreased from 0.8% to 0.5% French PPI (MoM) (Mar) decreased from -0.9% to -1.7% Germany: German Retail Sales (MoM) (Mar) decreased from 0.8% to -5.6% German Retail Sales (YoY) (Mar) decreased from 6.5% to -2.8% German Unemployment Change (Apr) increased from 1K to 373K German Unemployment Rate (Apr) increased from 5.0% to 5.8% German Unemployment (Apr) increased from 2.266M to 2.639M German Unemployment n.s.a. (Apr) increased from 2.335M to 2.644M Norway: Credit Indicator (YoY) (Mar) decreased from 4.9% to 4.7% Central Bank Currency Purchase (May) decreased from -2,000.0M to -2,100.0M Unemployment Rate n.s.a. (Apr) decreased from 10.40% to 9.60% Swiss: Retail Sales (YoY) (Mar) decreased from 0.3% to -5.6% KOF Leading Indicators (Apr) decreased from 91.7 to 63.5 Spain: Spanish CPI (MoM) increased from -0.4% to 0.3% Spanish CPI (YoY) decreased from 0.0% to -0.7% Spanish GDP (YoY) (Q1) decreased from 1.8% to -4.1% Spanish GDP (QoQ) (Q1) decreased from 0.4% to -5.2% Spanish HICP (YoY) (Apr) decreased from 0.1% to -0.6% Spanish HICP (MoM) decreased from 0.6% to 0.4% Spanish Current account (Feb) increased from -1.73B to 1.33B Italy: Italian Monthly Unemployment Rate (Mar) decreased from 9.3% to 8.4% Italian CPI (MoM) (Apr) remain the same at 0.1% Italian CPI (YoY) (Apr) decreased from 0.1% to 0.0% Italian HICP (MoM) (Apr) decreased from 2.2% to 0.5% Italian HICP (YoY) (Apr) remain the same at 0.1% Italian GDP (QoQ) (Q1) decreased from -0.3% to -4.7% Italian GDP (YoY) (Q1) decreased from 0.1% to -4.8% Euro Zone: Core CPI (MoM) decreased from 1.1% to 0.8% Core CPI (YoY) decreased from 1.0% to 0.9% CPI (YoY) (Apr) decreased from 0.7% to 0.4% CPI (MoM) decreased from 0.5% to 0.3% CPI, n.s.a (Apr) increased from 105.13 to 105.48 GDP (QoQ) decreased from 0.1% to -3.8% HICP ex Energy & Food (YoY) (Apr) decreased from 1.2% to 1.1% Unemployment Rate (Mar) increased from 7.3% to 7.4% Deposit Facility Rate (Apr) remain the same at -0.50% ECB Marginal Lending Facility remain the same at 0.25% ECB Interest Rate Decision (Apr) remain the same at 0.00% US/AMERICAS: Over 30.3 million Americans have lost their livelihoods over the past six weeks, according to new data released by the Labor Department this Thursday. New unemployment filings reached 3.84 million last week due to the coronavirus crisis impacting nearly every business sector. The crisis in unemployment is now more apparent than ever; in contrast, 8.7 million jobs were lost during the Great Recession. Yesterday, Federal Reserve Chairman Jerome Powell said he expects the unemployment rate for April to spike to around 10% compared to the pre-pandemic historically low level of 3.5%. Rising unemployment and uncertainty has led to a drastic decrease in consumer spending, as we reported yesterday, which composes two-thirds of US GDP. Chairman Powell stated that he sees consumer spending continually declining and called the current situation the worst crisis he has seen in his lifetime. A few weeks ago, former Fed Chairman Janet Yellen said that a sharp V-shaped recovery was possible, but feared the rebound could come in a slower U-shaped formation if not worse. Current Chairman Powell stated this week that even a W-shaped recovery could be overly optimistic. "We're going to see economic data for the second quarter that's worse than any data we've ever seen," Powell warned. The Federal Reserve is continuing to purchase mortgage-backed securities. The central bank purchased an additional $38.461 billion this week, according to Reuters, after purchasing $59.909 billion worth of securities the week prior. "Life must go on," stated Quebec premier François Legault stated after reiterating the decision to open elementary schools in the region. Quebec suffered more coronavirus-related cases than any other region of Canada, after losing 1,859 citizens and confirming 27,538 cases. This accounts for nearly half the death toll in the area as a whole. Still, certain indicators are showing that the curve is beginning to flatten in Canada. US Market Closings: Dow declined 288.14 points or -1.17% to 24,345.72 S&P 500 declined 27.08 points or -0.92% to 2,912.43 Nasdaq declined 25.16 points or -0.28% to 8,889.
- 04/30/2020
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Nurse & Doctors Being Laid Off & Not Entitled to Unemployment | Armstrong Economics
- Nurses and doctors are "on-call" so they are like part-time workers who are not entitled to unemployment insurance. We have 30 million people who have applied, but our models reflect that the real number may be closer to 50 million, which has exceeded the Great Depression. We were told we had to lock down because there was not enough bed space to take care of the 2 million Americans who would die, according to the study funded by Bill Gates at Imperial College. The press still regards Neil Ferguson as an exceptional forecaster, and they defend Bill Gates like the second coming of Jesus because he hates Trump. What will it take for the people to question why their entire future has been destroyed? Could it be because of one man's nightmare of overpopulation and devising a means to use vaccines to control our behavior?
- 04/30/2020
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Aegion's (AEGN) Q1 Earnings and Revenues Beat Estimates
- Aegion's (AEGN) Q1 results primarily reflect higher margins across Infrastructure Solutions and Energy Services segments.
- 04/30/2020
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Interest in Bitcoin Spikes Worldwide During COVID-19 Crisis
- Bitcoin might not be the most stable asset out there, but it is more stable than some economies
- 04/30/2020
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Analysts Offer Insights on Conglomerates Companies: Armstrong Ind (NYSE: AWI), Reynolds Consumer Products (NASDAQ: REYN) and Magna International (NYSE: MGA)
- Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Armstrong Ind (AWI
- 04/30/2020
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The Press' Conspiracy to Overthrow our Way of Life | Armstrong Economics
- The Washington Times has come out with the story which is inevitable: COVID-19 turning out to be huge hoax perpetrated by media All my sources have been saying this from the very beginning. Trump needs to get off his ass and start defending the Constitution and the entire world against these people who failed in using a 16-year old girl to push their Climate Change in a dictatorial manner denying the people any right to vote whatsoever. They were pushing governments to act in a dictatorial manner pushing laws, shutting down car production, and even trying to outlaw short flights in Europe. They do not rely on science, but om distorted theory that is all linear based failing to understand there are cycles to everything - including climate. They act like they woke up and someone turned the thermostat up in their house and are instantaneously looking for someone to blame. They never considered that perhaps their air conditioner broke. They exploited a young girl who has become so used to the attention and had depression problems to begin with all to further their agenda. How will she react as people are quickly forgetting her because they switched the narrative from Global Warming, then Climate Change, to the trumped-up version of the Black Plague? Even Bill Gates admitted that there was no formula if CO2 reaches X then the temperature will by Y. He has funded this anti-democratic attempt to take over the world economy, destroy it, and then rebuild it in his image of a ZERO CO2 environment. Despite there is NO EVIDENCE to support Gates' proposition to destroy our way of life, he gets to do this because the press allows it. He has funded bogus models that predicted over 2 million Americans would die if the world economy was not destroyed. NEVER in the history of human society has the entire population EVER been imprisoned under the pretense of a quarantine. From ancient times onward, even Lepers were sent into quarantine, not the entire society. We NEED to demand investigations - CRIMINAL INVESTIGATIONS! and NOW! In Italy, nearly 50% of the population now wants to separate from the EU. In Canada, the press has been so excessive, 9 out of 10 Canadian believe that Gates' vaccines should now be FORCED upon every. There are many in America who do not trust Gates and his vaccine. If I had to choose between a forced Gates vaccine or resigning from my American citizenship, I will be of the first plane out of the USA. That's my opinion. I do not trust Gates and I believe he has covertly exploited this virus for his personal agenda. Because of the vast number of people NOT covered by unemployment insurance because they may work part-time jobs, our model shows that we have exceeded 50 million of true unemployed people out of a workforce of about 164 million. The distinction between full and part-time did not exist in 1929 to account for the 25% unemployment rate. These people have a right to a massive class-action lawsuit against the Gates Foundation. The sheer magnitude of the damage that has been unleashed on people is unprecedented in human history. This has been a plot up there with ethnic cleansing except it is not about a particular race or trying to eliminate everyone except a single breed, but to attack the way human society itself functions and evolves. This Climate Change has been merged with the Marxists. They have agreed to work together to achieve power, then they would only turn against each other in the end. They're back! Will this be the hallmark of what we face going into 2032? The inevitable battle between Good & Evil? The Marxists simply refuse to allow others to live in peace. There is no such thing as human rights in their vocabulary. They believe they have the right to oppress everyone because they cannot tolerate someone else having anything they do not. It would be a nice idea to split the country and they all go to one side and tax each other to death. We tried that. That is why our families left Europe to go to a new world to pursue happiness and freedom. The problem is, the Supreme Court has never simply ruled that Equal Protection of the Law must also extend to class. You should not lose your rights simply because you make more than the other guy. I still firmly believe that there is a viable class-action lawsuit against progressive tax rates which only divides the people and allows the politicians to exploit hatred and class warfare. This violates also the Freedom of Religion.
- 04/30/2020
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Merkel Revealed this is About Climate Change | Armstrong Economics
- Little by little, the truth of this contrived coronavirus crisis is emerging. It has always been about forcing climate change agendas. They knew they were losing, even after exploiting a 16-year-old girl. This ruthless agenda to deliberately destroy the world economy was the info I received from behind the curtain. There were people in the climate change arena who sold all stocks and bonds in January because they were going to exploit this virus into a global pandemic. In the United States, they have succeeded in throwing 50 million people out of work. Applying for unemployment benefits was designed to be complicated. After six weeks, people were just being denied. They hoped the people would vote Trump out of office in November, and then totally destroy the US economy so it could be rebuilt with ZERO CO2, which is impossible. In Germany, Merkel has come out and admitted that she wants to combine the task of helping companies recover from the pandemic with the challenge of setting more incentives for reducing carbon emissions. She is willing to allow companies to fail if they do not believe in climate change. This is really climate change by sheer tyranny.
- 04/30/2020
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Killing People in NYC All For Politics? | Armstrong Economics
- We have another nurse coming out and confirming that people are being left to die in New York City in an apparent attempt to raise the death toll for political motives. It appears that Trump is afraid to fire Fauci because the press will trash him, despite the fact that doctors are coming out and warning that this is deliberate murder and NOBODY is doing anything. The Justice Department MUST send in a special prosecutor NOT FROM NEW YORK to investigate these hospitals and what is going on. Every source I have has been screaming that this is all orchestrated for political purposes. This is an attempt to force the climate change agenda by shutting down the economy under the threat of a virus that is no worse than the flu. They want to scare the hell out of everyone to make sure they achieve their goal of destroying jobs and redesigning the world economy in the vision of Bill Gates' zero CO2 world. Is Bill Gates really following his father's goal of reducing the population? Is this covert genocide or treason? There are plenty of questions, no answers, and NO INVESTIGATIONS!
- 04/30/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Wednesday, April 29, 2020 _____ 225 FPUS54 KAMA 300759 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 259 AM CDT Thu Apr 30 2020 TXZ012-017-010115- Potter-Randall- Including the cities of Amarillo and Canyon 259 AM CDT Thu Apr 30 2020 .TODAY...Mostly sunny. Highs in the lower 90s. Southwest winds 15 to 20 mph. .TONIGHT...Partly cloudy. Lows in the lower 60s. Southwest winds 15 to 20 mph. .FRIDAY...Partly cloudy. Highs in the upper 90s. West winds 10 to 15 mph. .FRIDAY NIGHT...Mostly clear. Lows in the upper 50s. Southwest winds 5 to 10 mph. .SATURDAY...Sunny. Highs in the mid 90s. West winds 10 to 15 mph. .SATURDAY NIGHT...Mostly clear. Lows in the mid 50s. .SUNDAY...Mostly sunny. Highs in the lower 90s. .SUNDAY NIGHT...Mostly clear. Lows in the upper 50s. .MONDAY...Sunny. Highs in the mid 90s. .MONDAY NIGHT...Mostly clear. Lows in the mid 50s. .TUESDAY...Mostly sunny. Not as warm. Highs in the lower 80s. .TUESDAY NIGHT...Mostly clear. Lows in the upper 40s. .WEDNESDAY...Partly cloudy. Highs in the upper 70s. $$ TXZ317-010115- Palo Duro Canyon- Including the city of Palo Duro Canyon 259 AM CDT Thu Apr 30 2020 .TODAY...Sunny. Highs in the lower 90s. Southwest winds 15 to 20 mph. .TONIGHT...Partly cloudy. Lows in the mid 60s. Southwest winds 15 to 20 mph. .FRIDAY...Partly cloudy. Highs in the upper 90s. West winds 10 to 15 mph. .FRIDAY NIGHT...Mostly clear. Lows in the upper 50s. Southwest winds 5 to 10 mph. .SATURDAY...Sunny. Highs in...
- 04/30/2020
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Armstrong World Industries Inc (NYSE:AWI) Forecasted to Post Q3 2020 Earnings of $1.06 Per Share
- Armstrong World Industries Inc (NYSE:AWI) – Investment analysts at Jefferies Financial Group reduced their Q3 2020 earnings per share estimates for Armstrong World Industries in a report released on Tuesday, April 28th. Jefferies Financial Group analyst P. Ng now expects that the construction company will earn $1.06 per share for the quarter, down from their […]
- 04/30/2020
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YouTube Banned Video of the Doctors | Armstrong Economics
- The practices of YouTube are very Stalinistic. There is nothing outrageous about this interview. It is professional and it presents the data which is available to everyone. There was no justification for YouTube to remove this video with the sole exception that they are deliberately trying to prevent freedom of speech and for people to question the dictatorship being imposed under the pretense of a virus which is no worse than the flu.
- 04/30/2020
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Nashville 32% Increase in Property Taxes | Armstrong Economics
- Mayor of Nashville, John Cooper, filed his recommended budget for the 2021 fiscal year with Metro Council. The $2.447 billion budget includes raising the city's property tax by almost 32% to recover from the financial impact of the March tornado and the COVID-19 shutdown.
- 04/29/2020
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Market Talk – April 29, 2020 | Armstrong Economics
- ASIA: India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis, rating agency Fitch said on Tuesday. Fitch currently rates India at BBB-, with a stable outlook, but any downgrade would consign its sovereign debt to junk bond territory. The rating agency believes the country has limited fiscal space to respond to the challenges posed by the health crisis and the government debt is likely to rise to over 77% of GDP in FY21 versus 70% of GDP in FY20 on the back of fall in growth, wider fiscal deficits, and assuming a restrained fiscal response. Investors are watching China closely for clues about when a recovery from the coronavirus-induced economic slump may begin in the United States. China itself has been hinting that a rebound is starting to take hold. Analysts are determining the outlook based on the official numbers from the Chinese government. However, many believe the government cannot be considered reliable in the present scenario and are waiting to hear what executives at large US and European multinationals are saying about a potential turnaround in China. China announced on Wednesday that it will hold the country's biggest annual political meeting in May following a two-month delay. This is the strongest signal yet from the Chinese government that it considers the novel coronavirus outbreak to be under control. The annual meeting of the National People's Congress (NPC), China's top legislative body, is usually held in early March. This year, it was postponed for the first time in decades due to the coronavirus outbreak. Japan's government plans to extend a nationwide state of emergency beyond May 6, as the country's coronavirus outbreak has yet to subside, Nikkei said in a report. The public could be urged to stay at home for about one month longer under a proposal to be discussed at an expert meeting on Friday. The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 12.42 points or 0.44% to 2,822.44 Hang Seng increased 67.63 points or 0.28% to 24,643.59 ASX 200 increased 80.30 points or 1.51% to 5,393.40 Kospi increased 13.47 points or 0.70% to 1,947.56 SENSEX increased 605.64 points or 1.89% to 32,720.16 The major Asian currency markets had a mixed day today: AUDUSD increased 0.00326 or 0.50% to 0.65337 NZDUSD increased 0.00427 or 0.70% to 0.61102 USDJPY decreased 0.04 or -0.04% to 106.74 USDCNY decreased 0.0112 or -0.16% to 7.07539 Precious Metals: Gold decreased 3.83 USD/t oz. or -0.22% to 1,703.68 Silver increased 0.01 USD/t. oz or 0.07% to 15.2000 Some economic news from last night: South Korea: Manufacturing BSI Index (May) decreased from 52 to 45 Industrial Production (MoM) (Mar) increased from -3.8% to 4.6% Industrial Production (YoY) (Mar) decreased from 11.3% to 7.1% Retail Sales (MoM) increased from -6.0% to -1.0% Service Sector Output (MoM) (Mar) decreased from -3.5% to -4.4% New Zealand: Exports (Mar) increased from 4.87B to 5.81B Imports (Mar) increased from 4.34B to 5.14B Trade Balance (YoY) (Mar) decreased from -3,300M to -3,460M Trade Balance (MoM) (Mar) increased from 531M to 672M Australia: CPI (YoY) (Q1) increased from 1.8% to 2.2% CPI (QoQ) (Q1) decreased from 0.7% to 0.3% CPI Index Number (Q1) increased from 116.20 to 116.60 Trimmed Mean CPI (YoY) (Q1) increased from 1.6% to 1.8% Trimmed Mean CPI (QoQ) (Q1) increased from 0.4% to 0.5% Weighted mean CPI (YoY) (Q1) increased from 1.3% to 1,7% Weighted mean CPI (QoQ) (Q1) increased from 0.4% to 0.5% Some economic news from today: Singapore: Unemployment Rate (Q1) increased from 2.3% to 2.4% EUROPE/EMEA: European markets had a strong day today, FTSE 100, CAC 40, and DAX all rose above 2% on anticipation of the US Federal Reserve's policy statement and eased quarantine measures. The EU and the UK have still not settled the matter over the proposed EU technical office/embassy in Belfast, Northern Ireland. The UK earlier said that it was not necessary and would be divisive for EU representation in the UK, whereas the EU argued that they needed to be able to check the border and provide services for Northern Irish citizens who have the right to hold both Irish and British passports. Poland's presidential election, scheduled for May 10, will be pushed back to a later date. The current party, PiS, deemed an election unconstitutional as it could expose the public to health risks. Former EC President Donald Tusk, head of the European People's Party, has said that he will refuse to vote and urged his rivals not to participate. Germany is contemplating re-installing the lockdown as new coronavirus cases spiked after easing measures just days ago. Meanwhile, the Spanish government announced a four-phase plan to lift their lockdown with the aim of returning to "normal" by the end of June. Lithuania announced today that they are opening cafes and restaurants, albeit only for outdoor dining, turning the capital into a huge open-air cafe by allowing restaurants to use the spaces outside of their premises. The major Europe stock markets had a green day today: CAC 40 increased 101.32 points or 2.22% to 4,671.11 FTSE 100 increased 156.75 points, or 2.63% to 6,115.25 DAX 30 increased 312.11 points or 2.89% to 11,107.74 The major Europe currency markets had a green day today: EURUSD increased 0.00373 or 0.34% to 1.08663 GBPUSD increased 0.00197 or 0.16% to 1.24490 USDCHF increased 0.00151 or 0.16% to 0.97569 Some economic news from Europe today: UK: BRC Shop Price Index (YoY) decreased from -0.8% to -1.7% Germany: German Import Price Index (MoM) (Mar) decreased from -0.9% to -3.5% German Import Price Index (YoY) (Mar) decreased from -2.0% to -5.5% German CPI (MoM) (Apr) increased from 0.1% to 0.3% German CPI (YoY) (Apr) decreased from 1.4% to 0.8% German HICP (MoM) (Apr) increased from 0.1% to 0.4% German HICP (YoY) (Apr) decreased from 1.3% to 0.8% Spain: Spanish Business Confidence decreased from -7.1 to -35.1 Spanish Retail Sales (YoY) (Mar) decreased from 1.8% to -14.1% Italy: Italian PPI (MoM) (Mar) decreased from -0.5% to -1.0% Italian PPI (YoY) (Mar) decreased from -2.7% to -3.6% Swiss: ZEW Expectations (Apr) increased from -45.8 to 12.7 Euro Zone: M3 Money Supply (YoY) (Mar) increased from 5.5% to 7.5% Loans to Non Financial Corporations (Mar) increased from 3.0% to 5.4% Private Sector Loans (YoY) decreased from 3.7% to 3.4% Business and Consumer Survey (Apr) decreased from 94.2 to 67.0 Business Climate (Apr) decreased from -0.28 to -1.81 Consumer Confidence (Apr) decreased from -11.6 to -22.7 Consumer Inflation Expectation (Apr) increased from 23.0 to 29.1 Selling Price Expectations (Apr) decreased from -0.3 to -7.9 Services Sentiment (Apr) decreased from -2.3 to -35.0 Industrial Sentiment (Apr) decreased from -11.2 to -30.4 US/AMERICAS: The world's largest economy contracted in -4.8% in what has been the most disastrous quarter since 2008. Analysts had anticipated a -4% slowdown in the US during the first quarter. According to the Bureau of Economic Analysis, the quarantine orders "led to rapid changes in demand" that caused consumers to cancel, restrict, and redirect their spending. Consumer spending, the most significant percentage of US GDP, declined -7.6%, marking the steepest loss in twenty years. Bank of America CEO Michael Meyer believes consumer spending will never return to pre-coronavirus levels. "Following this COVID shock, the tendency will be to build up savings and there will also be a change in how people spend and how people live," Meyer told reporters at Financial Times. The healthcare sector took a significant hit during the first quarter after profitable elective procedures were deemed "non-essential." The sector declined overall by about -2.25% during the first three months of the year. Postponing non-emergent procedures has led to more than a decline in cosmetic procedures. Medical providers across the country specializing in areas such as dentistry, gynecology, ophthalmology, fertility, and others have been forced to temporarily suspend procedures. A coronavirus cure may be on the horizon after Gilead Sciences' (+5.68%) announced promising trial test results for an antiviral drug. Dr. Fauci corroborated the claims and said the drug could provide a "clear-cut positive effect in diminishing time to recover." The patients who received the placebo drug recovered in 15 days compared to those who took the newly developed drug, remdesivir, who recovered in 11 days. Boeing (+5.86%) declared a $641 million loss during the first quarter due to the coronavirus crisis that has nearly halted air travel and production. According to Al Jazeera, an estimated 10% of Boeing employees will lose their jobs due to the slowdown. CEO David Calhoun said he expects the grounded 737 MAX jet production to resume in 2020, albeit at a slower pace. US Market Closings: Dow advanced 532.31 points or 2.21% to 24,633.86 S&P 500 advanced 76.12 points or 2.66% to 2,939.51 Nasdaq advanced 306.98 points or 3.57% to 8,914.71 Russell 2000 advanced 62.68 points or 4.83% to 1,360.76 Canada Market Closings: TSX Composite advanced 429.82 points or 2.9% to 15,228.11 TSX 60 advanced 26.11 points or 2.92% to 920.28 Brazil Market Closing: Bovespa advanced 1,858.57 points or 2.29% to 83,170.80 ENERGY: WTI Crude jumped close to 30% today, pushing above 15 as the future demand of oil is looking brighter after restrictions caused by the coronavirus are easing worldwide. The oil markets had a green day today: Crude Oil increased 2.92 USD/BBL or 23.66% to 15.2600 Brent increased 2.04 USD/BBL or 9.97% to 22.5000 Natural gas increased 0.089 USD/MMBtu or 4.96% to 1.8820 Gasoline increased 0.0383 USD/GAL or 5.30% to 0.7607 Heating oil increased 0.0747 USD/GAL or 10.49% to 0.7864 The above data was collected around 14.
- 04/29/2020
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PRIVATE BLOG – Dow and the Bounce | Armstrong Economics
- PRIVATE BLOG – Dow and the Bounce Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/29/2020
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Masco (MAS) Q1 Earnings & Revenues Top Estimates, Margins Up
- Masco's (MAS) first-quarter 2020 earnings and revenues surpass analysts' expectations, and improve year over year owing to solid growth of North American plumbing products.
- 04/29/2020
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Masco (MAS) Q1 Earnings & Revenues Top Estimates, Margins Up
- Masco's (MAS) first-quarter 2020 earnings and revenues surpass analysts' expectations, and improve year over year owing to solid growth of North American plumbing products.
- 04/29/2020
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Doctors are Being Laid Off | Armstrong Economics
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Are Ventilators Kill People in New York City? | Armstrong Economics
- This Nurse's video has gone viral and has been picked up around the world. As I stated, my first son who was born prematurely died on a ventilator because it forced too much air into his lungs and caused them to burst. Where people are not put on ventilators the death rate is much lower. This has been picked up even down under. No mainstream newspaper will dare investigate in the USA. See Australian News Report on Her Video
- 04/29/2020
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Nurse Speaks out That People Are Being Murdered in Hospitals | Armstrong Economics
- This Corona Pandemic is clearly being orchestrated insofar as the worse possible outcome will be the result. There are practical solutions and even here we are finding some hospitals are directed not to provide the malaria drugs simply because they were recommended by Trump. There are many doctors coming out and they are being retaliated against. People are being put on ventilators simply so they do not spread the disease and this is leading to death. My first son died. He was premature and they put him on a ventilator which exploded his lungs. This girl is clearly a nurse for she is using common medical terms that the average person does not know and she does not know how to communicate those terms to the average person.
- 04/29/2020
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How Could Socrates Forecast Food Shortages in the Cycle Years in Advance? | Armstrong Economics
- QUESTION: Marty; You were the only one to forecast this would be a commodity cycle driven by shortages. How can your computer forecast such things like this shortage years in advance? They are warning we will face serious meat shortages when Bill Gates was investing in meat substitutes for this is falling within his whole scheme of climate change just using the virus instead of Greta. DK ANSWER: I am not entirely sure. Yes, it is true that Bill Gates and Leonardo DiCaprio joined forces, not just in climate change, but in promoting meat substitutes because cattle eat grass and emit CO2. It will take more time to analyze how Socrates put this all together. What I can say is that it was able to forecast wars, because those who knew a war was about to begin moved money in advance. The computer would pick up the shifts, but it could not say who was moving the money or why. After watching the pattern repeatedly, it became clear they would move capital ahead of such events. Obviously, if there was the likelihood of war between China and the USA, China would seek all US debt in advance. I know for a fact that there were select individuals who sold all stocks and bonds in January. I also know it was ahead of the news and it was because of the virus. Therefore, advanced knowledge existed. That does not mean the virus was planted. I also believe based upon evidence that the virus existed during the previous flu season. To sell stocks and bonds and move to cash implies knowledge that debt would have to be expanded dramatically, so you certainly do not want government debt. Socrates had forecast this cycle would be the commodity cycle built on the rise in prices due to shortages rather than an economic boom. I will run studies to try to determine how it made that forecast in its entirety. Collectively, monitoring everything in the world, Socrates sees things that humans simply cannot put together in their minds for there are too many variables. Additionally, 2015.75 was the peak in government and the start of Big Bang in the debate crisis that will take us into 2028, after which debt may simply no longer exist. It projected the War Cycle would begin turning up in 2014, which was also the combined forces of both civil unrest and international conflict. It also had forecast that someone like Trump would win in 2016, and the risk that the Democratic Party would split between radical Socialists and more conservative middle of the road Democrats. In other words, it was projecting across many models that from 2014 heading into 2032 that the world we were entering would be nothing like it once was. There have been groups like the goldbugs who have preached the collapse of the dollar and hyperinflation since 1971. Being wrong in that score for 60 years does not bode well for timing. It is also why they have been largely ignored and seen as wearing tinfoil hats. Getting the timing right is a critical factor for people who have long assumed an increase in the supply of money must decline its value. They never understood the difference between the currency of the dominant empire and that of a peripheral economy.
- 04/29/2020
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Coronavirus Tourism in Sweden | Armstrong Economics
- Sweden is actually starting to benefit from the coronavirus lockdown in Europe. The restaurants are starting to fill as are hostels with Europeans traveling to Sweden just to be free to go to the spa, out to dinner, and try to enjoy life as normal. Sweden is experiencing what we may call Coronavirus Tourism. Sweden may begin to see its economy actually grow as tourism to Southern Europe will offer no alternative this year. Even when we look at that currency from the ECB website, it reveals that the euro has been crashing against Sweden. So the refusal to lockdown in Sweden has not only proven that there was no martial difference in stopping the virus, which is impossible, but it has contrasted the economy and shown it may be the only one to survive 2020.
- 04/29/2020
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Analysts Expect Armstrong World Industries Inc (NYSE:AWI) Will Post Earnings of $1.27 Per Share
- Wall Street brokerages forecast that Armstrong World Industries Inc (NYSE:AWI) will announce earnings of $1.27 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Armstrong World Industries’ earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.47. Armstrong World Industries […]
- 04/29/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Tuesday, April 28, 2020 _____ 524 FPUS54 KAMA 290758 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 258 AM CDT Wed Apr 29 2020 TXZ012-017-300115- Potter-Randall- Including the cities of Amarillo and Canyon 258 AM CDT Wed Apr 29 2020 .TODAY...Sunny. Highs in the upper 70s. North winds 10 to 20 mph. .TONIGHT...Clear. Lows in the mid 40s. East winds 5 to 10 mph shifting to the south after midnight. .THURSDAY...Mostly sunny. Highs in the lower 90s. Southwest winds 15 to 20 mph. .THURSDAY NIGHT...Partly cloudy in the evening then becoming mostly cloudy. Lows in the lower 60s. Southwest winds 10 to 15 mph. .FRIDAY...Partly cloudy. Highs in the upper 90s. West winds 10 to 15 mph. .FRIDAY NIGHT...Mostly clear. Lows in the upper 50s. .SATURDAY...Mostly sunny. Highs in the mid 90s. .SATURDAY NIGHT...Mostly clear. Lows in the mid 50s. .SUNDAY...Mostly sunny. Highs in the mid 80s. .SUNDAY NIGHT...Mostly clear. Lows in the mid 50s. .MONDAY...Sunny. Highs in the lower 90s. .MONDAY NIGHT...Mostly clear. Lows in the lower 50s. .TUESDAY...Sunny. Highs in the upper 70s. $$ TXZ317-300115- Palo Duro Canyon- Including the city of Palo Duro Canyon 258 AM CDT Wed Apr 29 2020 .TODAY...Sunny. Highs in the upper 70s. North winds 10 to 20 mph. .TONIGHT...Clear. Lows in the upper 40s. East winds 5 to 10 mph shifting to the south after midnight. .THURSDAY...Mostly sunny. Highs in the lower 90s. Southwest winds 10 to 20 mph. .THURSDAY NIGHT...Partly cloudy. Lows in the mid 60s. Southwest winds around 15 mph. . ..
- 04/29/2020
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CEO of Youtube Susan Wojcicki Vows to Remove Anything that Contradicts the WHO | Armstrong Economics
- YouTube has removed the video of the two California Doctors demonstrating the level of censorship surrounding this virus has reached Stalinistic levels. We have learned that YouTube is part of the conspiracy against the people so we make copies because of this censorship design to suppress the truth and support FAKE NEWS. Previously, YouTube CEO Susan Wojcicki told CNN that the company would ban any video content that contradicted World Health Organization recommendations. Wojcicki is supporting Bill Gates & the WHO against the people and preventing our American right to freedom of speech. She obviously supports Stalinistic censorship. She has no right to violate the civil rights of all Americans and since the WHO is a quasi-governmental organization, she is now involved in what can be criminal activity in violation of the Civil Rights Act. As I have said, nobody removes videos about alien abductions. The ONLY reason to remove this is to prevent the truth - not to remove fake news for that is what Wojcicki supports by removing dissent which is part of the basic rights in a free society under Democracy.
- 04/28/2020
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The Corona Crisis Update | Armstrong Economics
- As the nation begins to open back up, many are optimistic that the markets will turn back to normal. While numerous cities adopt a phased approach to gatherings that people assume will allow businesses to reopen but with restricted attendee limits, they are not looking closely at the details. Many people who applied for unemployment 6 weeks ago are being denied. There are lawyers already starting to crank up class-action lawsuits because of the haphazard approach to unemployment when people qualify but have been denied. Many from Italy has assumed that their government has implemented our recommendation of suspending rents and mortgage payments after readers sub, fitted out letters to Trump. Whether or not that was the moving force I cannot say. But Italy is one of the few to take that realization that you cannot terminate income without also terminating their expenses. However, Italy had also another incentive to adopt our proposal. The failure to suspend mortgage payments would have cause massive bank failures if they had to declare even more nonperforming loans. While many are rushing to do videos to tell you what to do based upon their personal opinion, I advise caution. The one recommendation that I can make is to exit government debt in Europe and in the USA stay very short-term in Federal T-Bills - no state or local debt PERIOD! Even the stock market has seen a major shift. Dividends are being cut and most have suspended buying back shares and major companies regroup and begin to hoard cash for a rainy day. This is not over yet and it is more likely to get worse before it becomes only a memory. The biggest danger we face is that politics have become so toxic that we do not expect government to get anything right. During 9/11, the country came together. All we see now is hatred and the Democrats are more occupied with trying to win in November rather than do what is best for the nation or the people. Politics has superseded good government. I seriously doubt that anyone can possibly offer advice based upon simple opinion in these unprecedented times. Socrates has done an outstanding job right down to forecasting this new cycle which began January 18th, 2020, would be a commodity wave led by SHORTAGES. There are trends unfolding that need to be monitored and addressed that no human can even contemplate because there are way too many variables to consider and humans naturally try to reduce everything to a single cause and effect. We will look at providing an update report ASAP on this Corona Crisis so you have a better idea of the overall impact. There will be a light at the end of the tunnel. This will most likely unfold is the major shift in confidence from the public to private sectors. We are entering into the end of this cycle into 2032 and I have previously warned that this is the Decline & Fall of Democracy with the Rise in Authoritarianism. This is clearly marked by the massive attempt of Bill Gates to inject his Climate Change desires upon all of the world. He dropped out of college, is not a doctor, and certainly is not a climate scientist nor an economist. And we tell kids to get a degree or you will never get a job! Just run for the ruler of the world - no degree necessary.
- 04/28/2020
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Market Talk – April 28, 2020 | Armstrong Economics
- ASIA: India's central bank, the Reserve Bank of India (RBI) will open a special liquidity window of approximately 6.6 billion USD to ease pressure on mutual funds, which are facing liquidity strains due to heightened volatility in capital markets in the wake of the COVID-19 outbreak. The scheme is available from April 27, 2020, until May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The RBI would review the timeline and amount depending on market conditions. India could emerge as an alternative investment destination for US companies doing business in China in the aftermath of the COVID-19 pandemic, a view that the US government's Department of State is supporting. In a meeting held last week between a senior official of the US Department of State and representatives of large American companies operating in India through the American Chamber of Commerce in India, the importance of India as a potential destination for businesses shifting from China was underlined. As India has entered into its last week of the 40-day nationwide lockdown, which is scheduled to end on May 3, 2020, the total number of novel coronavirus cases in the country rose to 29,974 today, according to the latest Ministry of Health and Family Welfare data. The death toll also increased by 51 to 937. China has announced new measures to avoid a second wave of COVID-19 infections as it gradually reopens its economy and releases citizens from coronavirus lockdowns. Under the new guidelines, which Beijing calls "civilized behaviour," there are new curbs to prevent a second wave of the virus. As per new guidelines, people who feel ill must wear a face mask in public, and anyone who doesn't cover their nose and mouth when coughing or sneezing will be fined. This also includes a requirement for people to use their own utensils when eating shared meals. Under the new guidelines, eating on public transport is banned. US President Donald Trump suggested on Monday that he may seek damages from China over the coronavirus outbreak, which began in the Chinese city of Wuhan and spread around the world. Trump said, "There are a lot of ways you can hold them accountable. We're doing some very serious investigations as you probably know." The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 12.03 points or -0.06% to 19,771.19 Shanghai decreased 5.47 points or -0.19% to 2,810.02 Hang Seng increased 295.82 points or 1.22% to 24,575.96 ASX 200 decreased 8.30 points or -0.16% to 5,313.10 Kospi increased 11.32 points or 0.59% to 1,934.09 SENSEX increased 371.44 points or 1.17% to 32,114.52 The major Asian currency markets had a mixed day today: AUDUSD increased 0.0051 or 0.80% to 0.6496 NZDUSD increased 0.00396 or 0.66% to 0.60593 USDJPY decreased 0.42 or -0.40% to 106.84 USDCNY decreased 0.0092 or 0.13% to 7.0840 Precious Metals: Gold decreased 4.3 USD/t oz. or -0.25% to 1,705.15 Silver decreased 0.0795 USD/t. oz or -0.52% to 15.0710 Some economic news from last night: South Korea: Consumer Confidence (Apr) decreased from 78.4 to 70.8 Japan: Jobs/applications ratio (Mar) decreased from 1.45 to 1.39 Unemployment Rate (Mar) increased from 2.4% to 2.5% Some economic news from today: Japan: BoJ Core CPI (YoY) decreased from 0.2% to 0.1% EUROPE/EMEA: Major news outlets are suggesting the EU project is in real trouble due to no union regarding tackling the coronavirus. No solution is present regarding a financial package that suits all members, both north and south, with constant infighting between MPs. Even now in Ireland, a poll suggests that public opinion of the EU is now at a seven-year low. The EU solidarity fund that was set up for natural disasters is now acting as a fund for urgent medical supplies. The UK is actually eligible to use the service as they pumped in millions while a member but must apply for funds before the end of June. Mexico and the EU have now finalized a new free trade agreement. The agreement extended to allow each side to bid on public tenders. German Chancellor Angela Merkel suggested that the EU must build their recovery around the green deal, also mentioning that the EU should be able to reduce greenhouse gasses by 55% by 2030. The major Europe stock markets had a green day today: CAC 40 increased 64.53 points or 1.43% to 4,569.79 FTSE 100 increased 111.71 points, or 1.91% to 5,958.50 DAX 30 increased 135.64 points or 1.27% to 10,795.63 The major Europe currency markets had a mixed day today: EURUSD increased 0.0005 or 0.05% to 1.08287 GBPUSD increased 0.0006 or 0.05% to 1.24274 USDCHF decreased 0.00092 or -0.09% to 0.97492 Some economic news from Europe today: France: French Consumer Confidence (Apr) decreased from 103 to 95 Norway: Core Retail Sales (MoM) (Mar) decreased from 2.0% to -0.9% Spain： Spanish Unemployment Rate (Q1) increased from 13.78% to 14.41% UK: CBI Distributive Trades Survey (Apr) decreased from -3 to -55 US/AMERICAS: The US government reiterated today that large corporations who received funding intended for small businesses must return the funds by May 7 or face legal action. Treasury Secretary Steven Mnuchin told reporters that he was outraged by public companies who applied for government funds despite having the liquidity to make it through the downturn. "Anybody that took the money that they shouldn't have taken — one, it won't be forgiven, and two, they may be subject to criminal liability, which is a big deal," Mnuchin stated this Tuesday. Secretary Mnuchin also announced that he foresees the US economy bouncing back by the end of the summer. US state governments are now deciding when and how to reopen. "Now again, the states are going to open up slowly, so you're going to see June and July pick up, but I think by August and September, you're going to see a big bounce back from what has been a very rocky period," Mnuchin declared. Speaker Nancy Pelosi firmly announced that the House will continue their extended recess, opting to miss next week's scheduled meeting due to fears of the coronavirus. The decision caused a further divide between US politics as the Republican-led Senate and White House chose to remain open. Brazil's Supreme Court will investigate President Bolsonaro for alleged corruption and political interference. After stepping down from his justice ministry position last week, Sergio Moro released statements claiming that the president was re-appointing the federal police chief to hide his own wrongdoings. Moro is best known for presiding over an investigation known as "project car wash" that led to the arrest of former President Luiz Inacio Lula da Silva. Bolsonaro denies all allegations and called Moro a "liar." Mexico verbally finalized a deal with the European Union this Tuesday, ensuring free trade between the two economies. Mexico's Economy Minister Graciela Márquez and EU Trade Commissioner Phil Hogan discussed the finalization of the deal over the phone this Tuesday. According to Reuters, 14 Mexican states are now prepared to export their procurement markets to the EU. However, the negotiation process has been slow. In order for the free trade deal to commence, the legislation must be revised, approved by Brussels, and translated in every EU language. US Market Closings: Dow declined 32.23 points or -0.13% to 24,101.55 S&P 500 declined 15.09 points or -0.52% to 2,863.39 Nasdaq declined 122.43 points or -1.4% to 8,607.73 Russell 2000 advanced 16.2 points or 1.26% to 1,298.08 Canada Market Closings: TSX Composite advanced 156.18 points or 1.07% to 14,798.29 TSX 60 advanced 9.64 points or 1.09% to 894.17 Brazil: Bovespa advanced 3,073.63 points or 3.93% to 81,312.23 ENERGY: The French government has suggested there should be a floor to the price of fossil fuels in order to promote cleaner energy. The oil markets had a mixed day today: Crude Oil increased 0.01 USD/BBL or 0.08% to 12.7900 Brent increased 0.15 USD/BBL or 0.75% to 20.1400 Natural gas decreased 0.05 USD/MMBtu or -2.67% to 1.8200 Gasoline increased 0.0071 USD/GAL or 1.04% to 0.6907 Heating oil increased 0.0062 USD/GAL or 0.88% to 0.7081 The above data was collected around 13.09 EST on Tuesday. Top commodity gainers: Lumber (4.06%), Sugar (2.17%), Cotton (3.28%), and Coal (2.09%) Top commodity losers: Natural Gas (-2.67%), Cocoa (-1.92%), Palladium (-1.13%), and Soda Ash (-1.15%) The above data was collected around 13.11 EST on Tuesday. BONDS: Japan -0.04%(-0bp), US 2's 0.21% (-2bps), US 10's 0.62%(-4bps); US 30's 1.22%(-3bps), Bunds -0.47% (-2bp), France 0.00% (-2bp), Italy 1.76% (+0bp), Turkey 11.39% (-3bp), Greece 2.17% (-4bp), Portugal 0.97% (-7bp); Spain 0.87% (-3bp) and UK Gilts 0.29% (-1bp). US 7-Year Note Auction decreased from 0.680% to 0.525% UK 10-Year Treasury Gilt Auction decreased from 0.270% to 0.260% Italian 6-Month BOT Auction increased from 0.055% to 0.227%
- 04/28/2020
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Market Institute Releases Report On Failed Merger In The Energy Industry
- The Market Institute today released Destined to Fail: How Deception and Desperation Scuttled the Energy Transfer/Williams Merger, a deep-dive report chronicling the events of an ongoing legal battle between two American energy pipeline giants - the Williams Companies and Energy Transfer - over a failed
- 04/28/2020
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Construction Stock Q1 Earnings Due on Apr 29: SHW, MAS & More
- Strong market demand and public sector activity, given solid fundamentals, are likely to reflect on the sector's first-quarter results. Yet, labor cost & COVID-19 impacts in late March may have been woes.
- 04/28/2020
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Construction Stock Q1 Earnings Due on Apr 29: SHW, MAS & More
- Strong market demand and public sector activity, given solid fundamentals, are likely to reflect on the sector's first-quarter results. Yet, labor cost & COVID-19 impacts in late March may have been woes.
- 04/28/2020
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Armstrong World (AWI) Misses on Q1 Earnings, Cancels '20 View
- Armstrong World Industries (AWI) first-quarter results gains from increased volumes in the Architectural Specialties segment and higher Mineral Fiber volume.
- 04/28/2020
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Armstrong World (AWI) Misses on Q1 Earnings, Cancels '20 View
- Armstrong World Industries (AWI) first-quarter results gains from increased volumes in the Architectural Specialties segment and higher Mineral Fiber volume.
- 04/28/2020
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U.S. RESEARCH ROUNDUP- American Tower, Ferrari, Walt Disney
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including American Tower, Ferrari and Walt Disney, on Tuesday.
HIGHLIGHTS
* American Tower Corp : Credit Suisse initiates with outperform rating
* CNX Resources Corp : Raymond James raises to outperform from underperform
* Ferrari : Jefferies cuts to underperform rating
* ViacomCBS Inc : RBC initiates with sector perform, $20 target price
* Walt Disney Co : RBC initiates with sector perform, $110 target price
Following is a summary of research actions on U.S. companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Acadia Realty Trust : SunTrust Robinson starts with hold rating; price target $13
* Aecom : Keybanc raises target price to $45 from $35
* Affiliated Managers Group Inc : Citigroup cuts price target to $66.5 from $70
* Affiliated Managers Group Inc : Credit Suisse raises target price to $57 from $56
* Affiliated Managers Group Inc : Deutsche Bank raises target price to $67 from $63
* Affiliated Managers Group Inc : KBW raises target price to $80 from $75
* Alaska Air Group : Cowen and Company cuts target price to $39 from $45
* AMC Networks Inc : RBC initiates with outperform, $27 target price
* Amedisys Inc : Jefferies raises target price to $225 from $210
* American Eagle Outfitters Inc : RBC cuts target price to $8 from $9
* American Tower Corp : Credit Suisse initiates with $308 target price
* American Tower Corp : Credit Suisse initiates with outperform rating
* Ameris Bancorp : Stephens cuts target price to $28 from $31
* Amkor Technology Inc : Deutsche Bank raises target price to $11 from $10
* Annaly Capital Management Inc : RBC cuts target price to $8 from $11
* Antero Midstream Corp : JP Morgan cuts to underweight from neutral
* Apollo Endosurgery Inc : Piper Sandler cuts target price to $2 from $4.50
* Apollo Endosurgery Inc : Piper Sandler cuts to neutral from overweight
* Arcosa Inc : Susquehanna cuts price target to $48 from $56
* Arcturus Therapeutics Holdings Inc : H.C. Wainwright raises PT to $62 from $26
* Armstrong World Industries Inc : Evercore ISI raises target price to $78 from $77
* Armstrong World Industries Inc : Jefferies cuts price target to $73 from $74
* Armstrong World Industries Inc : SunTrust Robinson cuts PT to $95 from $100
* Assetmark Financial Holdings Inc : JP Morgan cuts target price to $25 from $31
* AT&T Inc : Deutsche Bank cuts target price to $38 from $45
* Autoliv Inc : Citigroup raises price target to $61 from $46
* Avnet Inc : Citigroup cuts price target to $31 from $34
* Avnet Inc : Raymond James cuts target price to $44 from $47
* Axis Capital Holdings Ltd : Deutsche Bank cuts target price to $46 from $52
* Axsome Therapeutics Inc : Cowen and Company raises target price to $135 from $95
* Axsome Therapeutics Inc : Guggenheim raises target price to $200 from $158
* Axsome Therapeutics Inc : H.C. Wainwright raises price target to $210 from $200
* Axsome Therapeutics Inc : SunTrust Robinson raises target price to $200 from $145
* Axsome Therapeutics Inc : SVB Leerink raises target price to $115 from $100
* B&G Foods Inc : Credit Suisse raises price target to $19 from $17
* B&G Foods Inc : Credit Suisse raises to neutral from underperform
* Bank of America : Independent Research cuts PT to $26.00 from $38.50; rating hold
* Bank of America Corp : Oppenheimer raises target price to $36 from $33
* Bank Ozk : SunTrust Robinson raises target price to $22 from $19
* Bankfinancial Corp : D.A. Davidson cuts target price to $9 from $10
* Big Lots Inc : JP Morgan raises target price to $25 from $21
* Boston Properties Inc : JP Morgan cuts target price to $118 from $147
* Boston Properties Inc : Mizuho cuts price target to $105 from $152
* BP Midstream Partners LP : Citigroup cuts price target to $11.5 from $15
* Brandywine Realty Trust : SunTrust Robinson cuts target price to $13 from $14
* Callaway Golf Co : Compass Point cuts price target to $20 from $21
* Callaway Golf Co : Jefferies cuts target price to $17 from $20
* Canadian National Railway Co : Citigroup raises price target to $80 from $68
* Canadian National Railway Co : Credit Suisse raises target price to $86 from $84
* Canadian National Railway Co : Evercore ISI raises target price to $89 from $81
* Canadian National Railway Co : Stephens raises target price to $82 from $80
* Carvana Co : Needham raises price target to $100 from $75
* Cathay General Bancorp : D.A. Davidson raises target price to $28 from $23
* Cathay General Bancorp : Wedbush raises target price to $29 from $25
* CBRE Group Inc : Raymond James cuts target price to $57 from $63
* Centerstate Bank Corp : D.A. Davidson cuts target price by $3.50 to $18.50
* Chart Industries Inc : Citigroup cuts price target to $43 from $45
* Check Point Software Technologies : Cowen and Company raises PT to $105 from $100
* Check Point Software Technologies : Jefferies raises PT to $110 from $100
* Check Point Software Technologies Ltd : BMO cuts target price to $120 from $125
* Check Point Software Technologies Ltd : Citigroup raises PT to $108 from $105
* Check Point Software Technologies Ltd : RBC raises target price to $108 from $105
* CIT Group Inc : Oppenheimer raises target price to $58 from $54
* Citigroup Inc : Oppenheimer raises target price to $96 from $87
* Cms Energy Corp : Citigroup raises price target to $60 from $59
* CNX Resources Corp : MKM Partners cuts to neutral from buy
* CNX Resources Corp : MKM Partners raises fair value to $12 from $11
* CNX Resources Corp : Raymond James raises to outperform from underperform
* Cognex Corp : Raymond James raises target price to $60 from $48
* Columbia Sportswear Co : Guggenheim cuts target price to $90 from $110
* Corporate Office Properties Trust : Mizuho cuts price target to $26 from $32
* Crown Castle International Corp : Credit Suisse initiates with $149 target price
* Crown Castle International Corp : Credit Suisse initiates with neutral rating
* Delek US Holdings Inc : Raymond James raises target price to $23 from $20
* Dexcom Inc : Canaccord Genuity raises target price to $370 from $300
* Discovery Inc : RBC initiates with outperform, $26 target price
* Donnelley Financial Solutions Inc : D.A.
- 04/28/2020
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Armstrong World price target lowered to $95 from $100 at SunTrust AWI
- Armstrong World price target lowered to $95 from $100 at SunTrust SunTrust AWI
- 04/28/2020
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Is the Virus Being Exploited to Justify the Federalization of Europe? | Armstrong Economics
- The head of the Institute for the World Economy believes that sooner or later tax increases must be considered in order to cope with the corona crisis. There is absolutely no question that this coronavirus will be used to raise taxes dramatically to cover the revenue losses that those in power created with their draconian measures. Many banks in Europe, suffering from loans from the 2008 crisis, are now unwilling to provide emergency loans to small businesses. The economic devastation of the European economy is just totally insane. The self-employed are facing financial ruin and the economic activity will collapse to the Great Depression-era level if not worse. The decision of the leaders in the European Union just defies common sense. One must ponder whether they are really this stupid, or is this deliberately being used to force their long-awaited dream of justifying the generalization of Europe. Our computer picked up this crash in indices and individual stocks. Yet, we have to wonder if the reluctance to reopen and the pronouncement that social distancing will remain for a while, killing the usual tourism which is the key to Southern Europe's economic survival, will merely be repeated for the next flu season. It simply does not appear that there are any qualified politicians in charge or they are deliberately sacrificing the livelihood of the people to justify the generalization of Europe.
- 04/28/2020
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Comment From China | Armstrong Economics
- COMMENT: Dear Mr Armstrong, Absolutely agree that the lockdown and social distancing will alter society profoundly. Notwithstanding the China's government promoting inter-province movement, there is still lingering reluctance by the people to travel to Hubei province unless they have to. Apparently the narrative now on social media in China is to avoid Guangzhou because of some recent infection cases. This demonstrate the psychological impact on the population as a whole and the stigma of coming from the most affected province. Just last week a friend whilst driving a car with Hubei province number plate (not even a Wuhan's number plate) into a shopping complex car park in Guangzhou province, he was singled out for temperature checks whereas cars with local number plates are only randomly checked. And this occurred repeatedly in other car parks too. The difference in China is that the government is actively promoting economic activities (work resumption) and integration whilst being on guard for cluster outbreaks. Local city councils had introduced cash vouchers lottery in shopping complexes to draw crowds. Restaurants are giving larger discounts than before. E-commerce for agricultural products directly from farms to consumers are being promoted aggressively. Logistics are being prioritized. Auto sales are being promoted even by provincial governments by offering special discounts. In short all things about economic activities are being promoted. For now, as you said economic sluggishness will likely to persist for a while because of the loss or reduction of income and reduced sales especially in the services sector. Major industrial firms' profits fell 37% y-o-y for Q1 and is forecasted to fall 10% y-o-y for Q2. Certainly "close proximity" businesses are more affected than others. 9 million new graduates will enter the sluggish job market. Some bright spots are the 86 million trips booked for this 5 day May holiday which is higher than last year's and the return to normalcy for Shanghai's traffic. Shanghai and Wuhan traffic. Though Wuhan's dine-in restaurants are the most affected, reports from friends are that restaurants in other less affected cities are returning to some semblance of normalcy though they have to offer bigger discounts to draw in the customers. China has no illusions that cash handouts directly to the population (targeted group, yes) will be the answer. Instead they prioritize assisting businesses to survive as they provide employment. They understand CONFIDENCE is the key to promote economic activities. And I believe their understanding of this is reinforced over the years since your meeting with them in 1997. It is human nature that it takes time for confidence to return. Thus the outcome of the post world-wide lockdown is also dependent on the regional population's experience as well as the government's policies. Mr Armstrong, perhaps your influence in the acceleration of capitalism in China is much more than it is known. How about having your books on "Economic Confidence" being translated into Mandarin which may very well turn out to be a best-seller ? Thank you for sharing your observations and knowledge with all who want to understand the "inter-connectivity of all things" we humankind do. I definitely had my eyes opened up after 4 WEC and 6 years reading your blog. God bless Vy REPLY: Yes, I would like to begin to translate to Mandarin. It is very clear that the West is in the process of committing economic suicide. China has the opportunity to become the Financial Capital of the World provided they respect the free movement of capital and ensure the legal system is fair and just. Global capital flows will dry up as a direct result of this virus and the insane reaction of politicians. They have been using this for political gain, but in the process, they are destroying the economic survivability of the West. Where Communism fell in China and Russia during the first 8.6-year wave, we are looking at the aggressive attempt by the Socialists to seize power in the West which will only destroy the economy which forced the same collapse of Communism. You simply cannot suppress the people indefinitely. Human rights are about freedom -- not suppressing the individual for the benefit of the state. When I was invited by the government back in 1997, I met with the central bank which was being run by people who actually had the experience. They had been sent to work at various banks around the world and then returned with knowledge of how the real world works. I was also taken to a secret facility where they were monitoring everything on the internet and downloading knowledge to become capitalistic. I was taken to a meeting and shown that they were monitoring every price and showed me 249 varieties of tea they were tracking. What I was most impressed by was they were monitoring everything to learn, but they were not interfering. They were studying the free market movements which are critical.
- 04/28/2020
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Boys track and field athletes we wish we could see in 2020: N.J.’s top throwers
- The NJ.com spring boys track preview looks at the top returning throwers in N.J.
- 04/28/2020
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$255.67 Million in Sales Expected for Armstrong World Industries Inc (NYSE:AWI) This Quarter
- Equities analysts expect that Armstrong World Industries Inc (NYSE:AWI) will announce sales of $255.67 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Armstrong World Industries’ earnings, with estimates ranging from $253.30 million to $258.00 million. Armstrong World Industries reported sales of $242.10 million during the same quarter last […]
- 04/28/2020
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Edited Transcript of AWI earnings conference call or presentation 27-Apr-20 3:00pm GMT
- Q1 2020 Armstrong World Industries Inc Earnings Call
- 04/28/2020
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Construction Stock Q1 Earnings Due on Apr 29: SHW, MAS & More
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WHO Tries to Dazzle People with Numbers – Not Reality | Armstrong Economics
- This is the WHO clip that the leftist newspapers are using to justify why we should remain locked down for Bill Gates' 18 months. Besides, I think we will see a revolution by that time around the world. If you listen carefully, you will see the first speaker offer his opinion but does not mention any studies. This then shifts to the other doctor who then dazzles us by adding some 300 people to the death list in Wuhan, China, which has nothing to do with antibodies whatsoever. Blood tests in Germany have found 14% of the population is already immune to this virus. After this totally unsupported claim against antibodies, the WHO has been forced to retract its statement. We really have to terminate this agency for what they have done amount to a violation of the Universal Declaration of Human Rights by the United Nations itself. They are unprofessional, compromised, and warrant serious criminal investigation. The very foundation of LIBERTY is that the government has NO RIGHT to imprison people for their own safety. That is a personal decision. If someone is infected, then perhaps there is the authority to quarantine that person. The United States should NOT fund the WHO. They should select an independent domestic entity that is PROHIBITED from accepting private donations. They must use models that are NOT dependent upon human presumptions, as was the case with Neil Ferguson who has justified destroying the world economy and refuses to accept any responsibility.
- 04/27/2020
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Armstrong World Industries Inc (AWI) Q1 2020 Earnings Call Transcript
- With me on the call this morning are Vic Grizzle, our CEO; and Brian MacNeal, our CFO. For more detailed discussion of the risks and uncertainties that may affect Armstrong World Industries, please review our SEC filings, including the 10-Q filed earlier this morning.
- 04/27/2020
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Market Talk – April 27, 2020 | Armstrong Economics
- ASIA: India's Nifty 50 index could soon see Bharti Infratel, Vedanta Ltd, Zee Entertainment, Tata Motors, and GAIL India exit from the index owing to the low average free-float market capitalization, and replaced with other heavyweights. Top contenders to replace these shares in the Nifty 50 index include Radhakishan Damani's Avenue Supermarts, API manufacturer Divi's Laboratories, private insurer HDFC Life, FMCG player Dabur, and PSU stock SBI Life, brokerage and research firm ICICI Direct said in a report. A group of around 50 people from India's Revenue Service, which plays a role in the collection of direct taxes for the income tax department, recommended raising the highest tax rate to 40% for people earning above 10 million Indian rupees (about $131,090) a year. They also called for a wealth tax for those with a net worth of 50 million rupees or more. India's income tax department said that no such paper has been received and dismissed taxing the super-rich as part of government efforts to stave off the economic crisis brought on by the coronavirus pandemic. Post India made changes in its Foreign Direct Investment from countries sharing a land border, Chinese firms have raised concerns about their investments they have bet on India. Advisors to big Chinese firms such as Alibaba, MG Motor, and Great Wall said they are concerned the process could take several weeks and hit deals and investment timelines. The Chinese Embassy in New Delhi has called the new screening policy discriminatory. After this, India has assured to fast track the review of some investment proposals. China's biggest cities, such as Beijing and Shanghai, have opened schools and colleges as the country has largely curbed the spread of the disease. Shanghai welcomed back pupils in their final years of middle and high school, while Beijing allowed students preparing for China's university entrance exam in July to return. China has reported an increase of just 26 confirmed cases since Friday, bringing the total number to 82,830. All coronavirus patients in Wuhan have now been discharged, Beijing says. China's foreign ministry spokesperson Geng Shuang denied claims that Beijing spread disinformation about the coronavirus. This news comes after a European Union report said there was "significant evidence" of covert Chinese operations on social media. "China is opposed to the creation and spreading of disinformation by anyone or any organization. China is a victim of disinformation, not an initiator," Geng said at a regular press briefing on Monday. The Japanese central bank, Bank of Japan, announced a series of measures on Monday to enhance its monetary policy easing measures to combat the hit on Japan's economy as a result of the coronavirus pandemic. These included the increase in purchases of commercial paper and corporate bonds and further active buying of Japanese government bonds and treasury discount bills. The major Asian stock markets had a green day today: NIKKEI 225 increased 521.22 points or 2.71% to 19,783.22 Shanghai increased 6.97 points or 0.25% to 2,815.49 Hang Seng increased 448.81 points or 1.88% to 24,280.14 ASX 200 increased 78.80 points or 1.50% to 5,321.40 Kospi increased 33.76 points or 1.79% to 1,922.77 SENSEX increased 415.86 points or 1.33% to 31,743.08 The major Asian currency markets had a mixed day today: AUDUSD increased 0.00721 or 1.13% to 0.64633 NZDUSD increased 0.00428 or 0.71% to 0.60554 USDJPY decreased 0.22 or -0.21% to 107.24 USDCNY increased 0.00323 or 0.05% to 7.09207 Precious Metals: Gold decreased 12.6 USD/t oz. or -0.73% to 1,715.35 Silver increased 0.012 USD/t. oz or 0.08% to 15.2140 Some economic news from last night: China: Chinese Industrial profit (YoY) (Mar) decreased from -6.30% to -34.90% Chinese Industrial profit YTD (Jan) increased from -38.3% to -36.7% Some economic news from today: Japan: BoJ Interest Rate Decision remain the same at -0.10% Hong Kong: Exports (MoM) (Mar) decreased from 4.3% to -5.8% Imports (MoM) (Mar) decreased from -0.1% to -11.1% Trade Balance increased from -38.6B to -34.7B EUROPE/EMEA: European major indices had a good day today, CAC, FTSE, and DAX all moving up, with the DAX moving up in excess of 3%. The markets responded well to news from the French, Spanish, and Italian governments, as they prepare plans this week for easing their lockdowns due to the coronavirus. Micheal Gove of the UK has said that the post-Brexit timetable should remain and that the coronavirus should, in fact, be helping concentrate minds to get the deal done quickly. Later in the day, he also mentioned that there was no need for an EU embassy in Belfast after the transition period. The EU released a report suggesting China is to blame for a lot of disinformation regarding the coronavirus. A Chinese foreign minister later denied China has any wrongdoing. The EU tourism ministers are discussing plans as to when they should start opening their borders to allow for tourists, with Greece keen to open up for the summer. The major Europe stock markets had a green day today: CAC 40 increased 111.94 points or 2.55% to 4,505.26 FTSE 100 increased 94.56 points, or 1.64% to 5,846.79 DAX 30 increased 323.90 points or 3.13% to 10,659.99 The major Europe currency markets had a green day today: EURUSD increased 0.00066 or 0.06% to 1.08305 GBPUSD increased 0.00598 or 0.48% to 1.24249 USDCHF increased 0.00254 or 0.26% to 0.97536 Some economic news from Europe today: France: France Jobseekers Total increased from 3,245.6K to 3,488.6K US/AMERICAS: Kevin Hassett, a White House economic adviser, suggested over the weekend that the unemployment rate could spike to 16% and dubbed the lockdown "the biggest negative shock that our economy I think has ever seen." Prior to the pandemic, unemployment levels maintained a historically low rate of 3.5% before increasing to 4.4% in March. The unemployment figure for April is expected to drastically increase. "During the Great Recession we lost 8.7 million jobs in the whole thing. Now we're losing that many every 10 days, so the lift for economic policy makers is an extraordinary one," Hassett warned reporters. House Speaker Nancy Pelosi told reporters at MSNBC this Monday that the idea of a minimum guaranteed income may be worthy of attention. Other Democrats have proposed legislation to pay out a guaranteed monthly income to Americans until the pandemic has passed. Reps. Ro Khanna and Tim Ryan introduced the Emergency Money for the People Act, which if passed would provide citizens over the age of 16 who earn under $130,000 annually a guaranteed payment of $2,000 per month. Dave Calhoun, Boeing CEO, announced he anticipates a two to three year recovery the company's annual shareholders meeting. Calhoun anticipates a drastically decreased demand for air travel even after the coronavirus passes. Boeing had issues regarding manufacturing prior to the pandemic, with the MAX 737 aircraft forced to remain grounded after defective features caused two separate plane crashes that claimed the lives of 346 people. After weeks of closing automotive factories deemed non-essential, Mexico is ready to begin reopening several plants. The US placed pressure on Mexico to begin reopening factories, claiming that a prolonged closure could disrupt their supply chain and the USMCA deal. In a statement issued on Friday, the Mexican government said they are "empathetic about health protections" for their workers and will "ensure that the reopening will be orderly, gradual, and cautious." US Market Closings: Dow advanced 358.51 points or 1.51% to 24,133.78 S&P 500 advanced 41.74 points or 1.47% to 2,878.48 Nasdaq advanced 95.64 points or 1.11% to 8,730.16 Russell 2000 advanced 48.82 points or 3.98% to 1,281.88 Canada Market Closings: TSX Composite advanced 221.75 points or 1.54% to 14,642.11 TSX 60 advanced 11.39 points or 1.30% to 884.53 Brazil Market Closing: Bovespa advanced 2,907.99 or 3.86% to 78,238.60 ENERGY: Another huge crash in the oil markets today as WTI dropped 22.43% (at time of writing) as more storage fears are resurfacing. Brent also followed dropping to 20 USD per barrel (-6.39%). The oil markets had a mixed day today: Crude Oil decreased 3.9 USD/BBL or -23.02% to 13.0400 Brent decreased 1.43 USD/BBL or -6.67% to 20.0100 Natural gas increased 0.115 USD/MMBtu or 6.71% to 1.8280 Gasoline decreased 0.0131 USD/GAL or -1.87% to 0.6869 Heating oil decreased 0.0424 USD/GAL or -5.65% to 0.7078 The above data was collected around 15.41 EST on Monday. Top commodity gainers: Natural Gas (6.71%), Orange Juice (1.30%), Live Cattle (2.55%), and Feeder Cattle (0.72%) Top commodity losers: Crude Oil (-23.02%), Brent (-6.67%), Coal (-6.91%), and Heating Oil (-5.65%) The above data was collected around 15.41 EST on Monday. BONDS: Japan -0.03%(-2bp), US 2's 0.22% (+1bps), US 10's 0.65%(+6bps); US 30's 1.25%(+7bps), Bunds -0.45% (+2bp), France 0.02% (-1bp), Italy 1.78% (-11bp), Turkey 11.42% (-9bp), Greece 2.22% (-9bp), Portugal 1.04% (-6bp); Spain 0.90% (-5bp) and UK Gilts 0.31% (+2bp). French 3-Month BTF Auction decreased from -0.451% to -0.454% French 6-Month BTF Auction decreased from -0.414% to -0.427% French 12-Month BTF Auction decreased from -0.388% to -0.403% US 2-Year Note Auction decreased from 0.398% to 0.229% US 6-Month Bill Auction increased from 0.145% to 0.150% US 3-Month Bill Auction decreased from 0.125% to 0.120% US 5-Year Note Auction decreased from 0.535% to 0.394%
- 04/27/2020
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Armstrong World Industries, Inc. (AWI) CEO Vic Grizzle on Q1 2020 Results - Earnings Call Transcript
- Armstrong World Industries, Inc. (NYSE:AWI) Q1 2020 Earnings Conference Call April 27, 2020 11:00 A.M. ET Company Participants Tom Waters - Vice President, Corp
- 04/27/2020
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PRIVATE BLOG – The Dow for the Week of 4/27 | Armstrong Economics
- PRIVATE BLOG – The Dow for the Week of 4/27 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/27/2020
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Morning Market Stats in 5 Minutes
- Movers Indices • S&P 500 ETF (NYSE:SPY) rose 0.78% to $285.09.• Nasdaq ETF (NASDAQ:QQQ) increased 1.06% to $216.10.• Dow Jones Industrial Average ETF (NYSE:DIA) increased 0.49% to $238.96.• FTSE/Xinhua China 25 ETF (NYSE:FXI) increased 1.28% to $38.65.• FTSE Europe ETF (NYSE:VGK) rose 0.60% to $44.95
- 04/27/2020
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Armstrong World Industries, Inc. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / April 27, 2020 / Armstrong World Industries, Inc. (NYSE:AWI) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 27, 2020 ...
- 04/27/2020
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Armstrong World Industries Q1 Earnings and Revenues Miss Estimates
- Armstrong World Industries came out with quarterly earnings of $1.10 per share.
- 04/27/2020
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Armstrong World Industries (AWI) Q1 Earnings and Revenues Miss Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -3.51% and -2.73%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2020
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Armstrong World Industries (AWI) Q1 Earnings and Revenues Miss Estimates
- Armstrong World Industries (AWI) delivered earnings and revenue surprises of -3.51% and -2.73%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2020
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Social Distancing – The Destroyer of Civilization? | Armstrong Economics
- Social distancing has been a form of psychological warfare that is as old as strategies for war -- divide and conquer. Preventing people from commingling may yet prove to be the opposite of the great New York City Blackout of 1977 when electricity was turned off, affecting most of New York City on July 13–14, 1977. They said more babies were conceived because of that event when even the stock market shut down on Thursday, July 14. But the advent of social distancing has had the side benefit of suppressing large gatherings of protests that dominated the headlines in Hong Kong and in France with the Yellow Vest Movement which was starting to appear around the world even in Canada. Many are starting to question if the rapid embrace of this lockdown in the West did not have an ulterior motive -- suppressing discontent added to by Facebook blocking any posts about gathering for protests. The tourism industry is dead for this year. Spanish hotels are already questioning will tourists ever return. The convention business may also be dead. Will they even hold the political conventions this summer? The world is changing faster than ever. The lockdown and social distancing will alter society profoundly. Even things such as the ability to find a potential partner in dating have instantaneously transformed from meeting someone at a nightclub, introduction by a friend at a party, to conversations over the internet. First dates are becoming virtual out of sheer boredom. Video dating on many of the different platforms has now become perhaps the only way to meet someone, but you no longer have to buy them a fancy dinner. The big common joke was that the way to Make America Great Again was to buy a gun (made in America), drink local beer, and support single moms dancing for a living (stimulating the local economy). Obviously, that was a bit of an exaggeration. Nevertheless, dancers, waitresses, hairdressers, real estate agents, and retail sales staff are all out of work with no entitlement to unemployment whatsoever. Social Distancing will destroy the nightclubs even the local pub/bar as in Cheers. We have Bill Gates funding studies to support trying to discredit the malaria drug hydroxychloroquine only Trump said to use it. My cousin who is 67 and overweight was rushed to the hospital with COVID-19 he caught from his wife who was a nurse. It was in the hospital for 2 days and they administered this drug and he was sent home. Just because Trump recommended it against Gates' vaccine, it must be discredited. There is a serious assault on the very foundation of our civilization and this has been destroying also the food supply. Farmers are collapsing and this too is fulfilling our computer forecast that prices would rise due to SHORTAGES, not speculative demand. The destruction of bars and restaurants no less shopping malls is being carried out for political objectives. The Washington Post goes out of its way to find any youth who has died to justify keeping Americans locked down until they can defeat Trump. A parody on CNN that it has moved its entire operation underground in a vault because Trump said sunlight is good so they must always take the opposite position vowing not to come back to the surface until he is defeated. Politics has become all-consuming to these people that they are willing to destroy the entire economy just to win no matter how many people they hurt. The death toll is just a tiny fraction of their predictions and they argue we must stay locked down until after the elections to give them time to defeat Trump. All eyes should remain focused on Wuhan, China. Regardless of our ethnic background, we are all still the same. Consequently, how the people of Wuhan react after their long lockdown is a leading indicator of what the future holds here. As Wuhan has reopened after more than 10 weeks of a significant economic forced collapse, the recovery must be watched worldwide very closely. Opinions offered by politicians about opening or keeping everyone locked down are just opinions. We need hard evidence to move forward, not more speculation by the CDC, NIH, or especially the WHO -- none of which I would listen to for more than 30 seconds. They have no regard for the economic suffering people have undergone or the danger of food shortages and starvation that will kill far more than this virus. There will be valuable lessons on how populations respond to this reaction of such a staggering economic magnitude never before witnessed in human society. In Wuhan, sickness and death have touched hundreds of thousands of lives. The lockdown has exaggerated the event, imprinting on their minds a mental trauma that could linger for decades. Businesses, even those that have reopened, face a wrenching road ahead and many restaurants have found that the people are not returning as they prefer the safety of their homes. The economic sluggishness is likely to persist at least into 2022. Neighborhood authorities continue to regulate people's comings and goings in China, with no return to normalcy in sight at any point in time. In the West, we have demands upon Apple and other phone companies to allow tracking of citizens. France, especially, is using this virus to combat the Yellow Vest rebellion by pretending this is about health when it is about suppressing the people. The Chinese authorities sealed off Wuhan which was a major industrial hub of 11 million people in late January 2020. The question remains: Did China act in a frantic panic attempt to limit the outbreak's spread or would it have been the same without the lockdown as in Sweden? At the time, many outsiders saw it as an extreme step, one that could be tried only in an authoritarian system like China. Yet the West proved to be just as authoritarian and the people are just as submissive, which illustrates my point -- we are all the same. As the epidemic had worsened, governments around the world enacted a variety of authoritarian restrictions on their citizens' movements and the various health organizations advocated the closure of the world economy without any regard whatsoever for the long-term damage to civilization itself. This has only raised deep concerns when people like Bill Gates have appeared on TV shows around the world advocating that we should all remain locked down until he comes up with a vaccine to save the world. Yet, the CDC itself admits that vaccines are only 60% effective anyway - not 100%. Upon looking at the details, out of a city of 11 million, there were only 3,869 deaths, and the total number of cases of COVID-19 in Wuhan was only 50,333. Naturally, people in the West claimed that China was underreporting. It also seems likely that the West was overreporting to justify their own prolonged authoritarian lockdown to suppress discontent which was rising before all this took place. Many of the average people in Wuhan have been terrorized by the worldwide press. Based on our information, many citizens no longer trust moving freely in society. While the broader effort by Chinese officials has been to assure the public that life can return to normal and that authorities have beaten the virus, there remains a doubt. Never before has there ever been such a drastic response to any disease of this nature. The psychological damage to the people may be far worse than anyone imagines. Consequently, the high-profile re-opening of Wuhan was meant to send a signal that China is getting back to business and work can resume. However, despite these government efforts, people have remained very cautious. In the West, the tape will remain on the floor for social distancing, and even if removed, many people will still keep their distance if China is a leading indicator. Every store today has put up plexiglass, even at the post office. They will remain to remind us that it is not safe to get close to others ever again. The foundation of civilization is constructed on the basic principle that when we all come together, the synergy that emerges is greater than the sum of the individuals. As long as we all benefit, civilization expands. Once corruption enters and we begin to see the divide pitting one group against another, the cycle of civilization turns down. The social distancing is yet another step toward dividing and destabilizing our civilization. The Trump administration has cut off funding for the WHO and threatens it may be permanent. The WHO should be dissolved for it has been compromised with conflicts of interest and its recommendations have been undermining not just the economy but the very foundation of civilization.
- 04/27/2020
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Recap: Armstrong World Industries Q1 Earnings
- Shares of Armstrong World Industries Inc (NYSE: AWI) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 0.00% over the past year to $1.10, which missed the estimate of $1.11.Revenue of $248,700,000 higher by 2.73% year over year, which missed the estimate of $250,710,000.Guidance Armstrong World Indus hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 27, 2020View more earnings on AWITime: 10:05 AM ETWebcast URL: https://edge.media-server.com/mmc/p/t7jsygupRecent Stock Performance 52-week high: $111.4652-week low: $62.03Price action over last quarter: down 26.46%Company Description Armstrong World Industries manufactures and sells fiber and metal ceiling systems and complementary ceiling products to the residential, commercial, and institutional construction and remodeling industries. The company also operates a joint venture that manufactures ceiling grid suspension systems. Armstrong's reportable segments include mineral fiber and architectural specialties. It generates maximum revenue from the mineral fiber segment. The company has a presence in the United States, Canada, and Latin America.See more from Benzinga * Check Point Software: Q1 Earnings Insights * Uxin: Q4 Earnings Insights * Recap: CNX Resources Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/27/2020
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Armstrong World sees FY20 free cash flow margin of 22%-25% AWI
- Armstrong World sees FY20 free cash flow margin of 22%-25% AWI
- 04/27/2020
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Armstrong World says 'no significant interruptions' to supply chain AWI
- Armstrong World says 'no significant interruptions' to supply chain AWI
- 04/27/2020
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Armstrong World withdraws FY20 guidance due to COVID-19 AWI
- Armstrong World withdraws FY20 guidance due to COVID-19 AWI
- 04/27/2020
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Armstrong World reports Q1 adjusted EPS $1.10, consensus $1.11 AWI
- Armstrong World reports Q1 adjusted EPS $1.10, consensus $1.11 AWI
- 04/27/2020
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Armstrong World missed Q1 estimates, withdraws FY2020 outlook
- Armstrong World (NYSE:AWI) reports revenue grew 2.7% in Q1, driven by higher volumes in both the segments.Net sales for the Mineral Fiber segment increased 0.5% to $197.7M and for Architectural Specia
- 04/27/2020
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Armstrong World Industries Withdraws 2020 Guidance
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Armstrong World Indus Q1 EPS $1.10 Misses $1.11 Estimate, Sales $248.70M Miss $250.710M Estimate
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Armstrong World Industries: 1Q Earnings Snapshot
- LANCASTER, Pa. (AP) _ Armstrong World Industries Inc. (AWI) on Monday reported a first-quarter loss of $226.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lancaster, Pennsylvania-based company said it
- 04/27/2020
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Armstrong World Industries Reports First Quarter 2020 Results
- Key Highlights Net sales of $248.7 million, up 3% versus the prior year quarterOperating income of $76.0 million, up 39% versus the prior year quarter$1 billion pension risk.
- 04/27/2020
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Armstrong World Industries ReportsFirst Quarter 2020 Results
- Key Highlights Net sales of $248.7 million, up 3% versus the prior year quarterOperating income of $76.0 million, up 39% versus the prior year quarter$1...
- 04/27/2020
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Rodman Rules: Armstrong talks Rodman's role in Bulls titles
- Dennis Rodman was one of the rivals Michael Jordan had to conquer on his way to his first run of three straight NBA titles. And Rodman then became one of the teammates who helped Jordan pull off his second three-peat.
- 04/27/2020
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Earnings Scheduled For April 27, 2020
- Companies Reporting Before The Bell
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is estimated to report quarterly earnings at $1.01 per share on revenue of $712.10 million....
- 04/27/2020
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Rodman Rules: Armstrong talks Rodman’s role in Bulls titles
- Dennis Rodman was one of the rivals Michael Jordan had to conquer on his way to his first run of three straight NBA titles
- 04/27/2020
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Rodman Rules: Armstrong talks Rodman's role in Bulls titles
- Dennis Rodman was one of the rivals Michael Jordan had to conquer on his way to his first run of three straight NBA titles. And Rodman then became one of the teammates who helped Jordan pull off his second three-peat. B.J. Armstrong saw both sides. Armstrong was there in the beginning, when Jordan and the Chicago Bulls needed time to figure out how to eventually beat Rodman and the Detroit Pistons for Eastern Conference supremacy and a trip to the NBA Finals in 1991 that started the title run. And Armstrong was on the other side in 1997-98, playing for a Charlotte team that lost to Jordan, Rodman and the Bulls in the East semifinals that season. For as good as the likes of Jordan and Scottie Pippen were, Armstrong — the longtime NBA guard and three-time NBA champion with the Bulls who is now a California-based sports agent — cautions against underestimating Rodman’s role on those Chicago title teams in 1996, 1997 and 1998. “The thing I always admired about Dennis was he was a very, very intelligent player, and after all of the hair colors and semantics and all those things, underneath that was a really, really good basketball player, very fundamentally sound,” Armstrong told The Associated Press. “And I would argue that it would have been very difficult for the Bulls to win without him, because it’s hard to win when you don’t have bigs who can play with the physicality that’s necessary to win at a championship level. And Dennis could meet the challenge.” Rodman’s colorful tenure with the Bulls was one of the primary story lines covered Sunday night when the third and fourth episodes of the ESPN and Netflix documentary “The Last Dance” — a 10-part series built around Jordan’s final season with the Bulls in 1997-98 — aired for the first time. Among the Rodman stories covered Sunday...
- 04/27/2020
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Armstrong World Industries (AWI) Q1 Earnings and Revenues Miss Estimates
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Armstrong World Q1 2020 Earnings Preview
- Armstrong World (NYSE:AWI) is scheduled to announce Q1 earnings results on Monday, April 27th, before market open.The consensus EPS Estimate is $1.11 (+0.9% Y/Y) and the consensus Revenue Estimate is
- 04/26/2020
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Social Distancing & the Propaganda | Armstrong Economics
- What I find terribly disturbing is how everyone seems to be in on the propaganda assuming that all people are just stupid. Here were have Stanford University stating that the entire reason and the benefits of "flattening the curve" were to stay below a fixed healthcare capacity! Yet hospitals are empty. I personally drove to one to look near my house and there was nobody there. This [propaganda that we had to destroy the world economy all because the "peak of the epidemic so that healthcare capacity can be expanded to support patients" is total nonsense. First of all, the definition of an "epidemic" is when more than 7.7% of the population is sick. "We don't want to squash a flea with a sledgehammer and bring the house down," says Auckland University epidemiologist Dr. Simon Thornley, has come out as many doctors are now criticizing this entire debacle. He said: "Lockdown was appropriate when there was so little data...but the data is now clear, this is not the disaster we feared and prepared for. Elimination of this virus is likely not achievable and is not necessary," Thornley says. These people justifying the destruction of people's livelihoods and creating food lines because they can no longer feed their families taking society back to the days of the Great Depression is absolutely criminal. What are they doing? Are they this cold-hearted that they only care about their own narrative? In Florida, three times as many people die in car accidents each year than have died of this coronavirus. New Jersey figures have shown the 40% of the death takes place in nursing homes.
- 04/26/2020
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Whistleblowers | Armstrong Economics
- People who stand up to the overwhelming corruption that has seized control of our lives through the offices of government are demonized, arrested, killed, or thrown in prison on charges that make no sense and they are always denied a trial. Even Jeffrey Epstein posed way too much of a threat to everyone who was influential. He was certainly not a pedophile which is molesting children pre-puberty. He was taking girls 16 and 17 to most likely entrap various people where he could use that info for political blackmail. The list of influential people in his circle was amazing. There was NO WAY he would be allowed to go to trial. He was unquestionably murdered.
- 04/26/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Saturday, April 25, 2020 _____ 239 FPUS54 KAMA 260753 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 253 AM CDT Sun Apr 26 2020 TXZ012-017-270115- Potter-Randall- Including the cities of Amarillo and Canyon 253 AM CDT Sun Apr 26 2020 .TODAY...Partly cloudy. Highs in the mid 80s. Southwest winds 15 to 20 mph. .TONIGHT...Partly cloudy. Lows in the lower 50s. South winds 10 to 20 mph. .MONDAY...Partly cloudy. Highs in the mid 80s. Northwest winds 5 to 10 mph shifting to the northeast in the afternoon. .MONDAY NIGHT...Mostly clear. Lows in the mid 50s. Southeast winds 5 to 10 mph shifting to the south after midnight. .TUESDAY...Mostly sunny. Highs in the upper 80s. Northwest winds 10 to 15 mph shifting to the north in the afternoon. .TUESDAY NIGHT...Mostly clear. Lows around 50. .WEDNESDAY...Sunny. Highs in the lower 80s. .WEDNESDAY NIGHT...Mostly clear. Lows in the lower 50s. .THURSDAY...Mostly sunny. Highs in the mid 90s. .THURSDAY NIGHT...Partly cloudy. Lows in the lower 60s. .FRIDAY...Mostly sunny. Highs in the upper 90s. .FRIDAY NIGHT...Partly cloudy. Lows in the lower 60s. .SATURDAY...Partly cloudy. Highs in the lower 90s. $$ TXZ317-270115- Palo Duro Canyon- Including the city of Palo Duro Canyon 253 AM CDT Sun Apr 26 2020 .TODAY...Increasing clouds. Highs in the mid 80s. South winds 15 to 20 mph. .TONIGHT...Partly cloudy. Lows in the mid 50s. South winds 10 to 20 mph. .MONDAY...Partly cloudy. Highs in the upper 80s. West winds 5 to 10 mph shifting to the northeast in the...
- 04/26/2020
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California ER Doctors Speak Out | Armstrong Economics
- California ER Doctors Dan Erickson and Artin Massihi This is the same information we are getting from around the country. Hospitals are empty and unless this lockdown is lifted, we will actually see doctors being laid off because there is nobody there and normal healthcare has been suspended. The real public health crisis is the DENIAL of regular healthcare. I have had friends and family whose surgeries were postponed indefinitely. I have a cousin who was a nurse working with COVID-19 patients and she got infected. She then passed it to her husband who is 67 and overweight. He had to go to the hospital where they administered the Malaria drug everyone tries to criticize Trump for and his condition was reversed and he returned home after two days. The propaganda going on is indeed designed for purposes other than actual medical conditions. It has been seized by the press who criticizes anyone for allowing the lockdown to be lifted. They have intentionally been destroying people's jobs and this statistic only covers those entitles to file for unemployment. Many times that amount has been thrown out of work who do not work full time from stress to hair salons and retail sales. Part-term workers are not covered. What these people are doing to simply win an election amounts to a political coup. The Democrats forming a commission to investigate Trump again demonstrates who corrupt this system is and that the Democrats now have a vested interest in prolonging the pain to simply win the election in November. I do not wish to live the world these people are advocating by keeping us locked down to destroy the economy where the unemployment was a record low since 1960s. This is no longer about health, it is just about politics. Benjamin Franklin once said that "those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." The data failed to show that there is a lethal microbe for the infection rate of even 30,000 out of more than 20 million does not warrant destroying civilization, people's livelihood, and wiping out their pensions. This will turn to violence. You cannot push society this far and the elitists looking to just win elections are willing to sacrifice the people just as they do sending boys to fight foreign wars for their political machinations.
- 04/25/2020
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Update on Manipulating the World Economy | Armstrong Economics
- Amazon is still operating at a reduced capacity. They have restrictions on the amount of products they are accepting right now. Believe it or not, they will accept only 50 books from the print at a time. This is obviously not acceptable since 200 sell out in 15 minutes or less. Therefore, we will ship another 400 here to Florida were we are not under a draconian lockdown. We will post these on eBay again this week and try to get these out within 10 days. We obviously don't have the warehouse facility to hand these books on a regular basis. So watch for the post this week. We are trying to get these out particularly since they are so topical to manipulating society currently.
- 04/25/2020
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The Press is Deliberately Trying to Hurt People for Political Change? | Armstrong Economics
- People are starving because of this nonsense of locking down the entire nation. Many live paycheck to paycheck. The leftist media could care less. The total population in Florida is 21.48 million people. The total cases were 30,533 with 1,046 deaths. This is about one-third of the death rate from the flu. 2018 27 3,082 2017 29 3,040 2016 22 2,807 Why is the media so intent upon keeping people locked down? Many just see this as the leftist papers refusing to tell the truth and as a result, this is all just political. I would understand if we were facing some serious diseases that killed 30% of the population. This comes out to 0.0000498%. The number of people who die from car crashes in Florida last year was 3,224. We are facing an exaggerated media storm intent upon hurting people and destroying their jobs in hopes of overthrowing Trump. Plain & simple! The press should be held accountable!
- 04/25/2020
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Socrates & the Ability to Forecast the Whole | Armstrong Economics
- COMMENT: Mr. Armstrong; I find it intellectually dishonest why the mainstream media refuses to cover your forecasts and others plagiarize you when Socrates has been the biggest breakthrough perhaps in human history. I attended the Orlando WEC in 2019 and your forecasts on gold and the stock market were brilliant. When it came to this virus, you held your ground against all others and said this was not a biological weapon, and on March 9, you forecast the virus would top out in April and subside. There is nothing out there and certainly, nobody has been able to forecast the world no less a single market. Even your letters to the President have an impact around the world. the Youtube post on that has shown your passion to help society. My God man, you have been a voice in the wilderness we all should be promoting. God bless; PF REPLY: Thank you. As they say, a prophet is never accepted in his own time or his own country. I am not a prophet, just a programmer who had a vision and was trained by my international client base to see the world through everyone's eyes. Perhaps the day will come after 2032 when I am gone and there is no more messenger to attack and hate they will at last look at the message. Of course, that does not help society right now. Download: Armstrong Petition for Rehearing On May 1st, the Supreme Court will decide if they will hear my case against the government. It is such a long-shot, but if they did, there might appear a crack in the brick wall that would allow some light perhaps to shine in on the corruption that has seized the government in New York which is far deeper than the swamp mentioned by Trump. It is an ocean. If you want to help, write letters to the Supreme Court for support. That is the only way to perhaps make a move in the opposite direction and push back just for once.
- 04/25/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Friday, April 24, 2020 _____ 641 FPUS54 KAMA 250808 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 308 AM CDT Sat Apr 25 2020 TXZ012-017-260115- Potter-Randall- Including the cities of Amarillo and Canyon 308 AM CDT Sat Apr 25 2020 .TODAY...Mostly sunny. Highs in the lower 70s. Northwest winds around 5 mph. .TONIGHT...Clear. Lows in the mid 40s. Southeast winds 5 to 10 mph. .SUNDAY...Partly cloudy. Highs in the mid 80s. South winds 10 to 20 mph. .SUNDAY NIGHT...Partly cloudy. Lows in the mid 50s. South winds 10 to 15 mph. .MONDAY...Partly cloudy. Highs in the upper 80s. West winds 5 to 10 mph shifting to the northeast in the afternoon. .MONDAY NIGHT...Mostly clear. Lows in the mid 50s. .TUESDAY...Mostly sunny. Highs in the mid 80s. .TUESDAY NIGHT...Mostly clear. Lows around 50. .WEDNESDAY...Sunny. Highs in the mid 80s. .WEDNESDAY NIGHT...Partly cloudy. Lows in the mid 50s. .THURSDAY...Partly cloudy. Highs in the lower 90s. .THURSDAY NIGHT...Partly cloudy. Lows around 60. .FRIDAY...Partly cloudy. Highs in the upper 90s. $$ TXZ317-260115- Palo Duro Canyon- Including the city of Palo Duro Canyon 308 AM CDT Sat Apr 25 2020 .TODAY...Mostly sunny. Highs in the mid 70s. North winds around 5 mph. .TONIGHT...Clear. Lows in the mid 40s. Southeast winds 5 to 10 mph. .SUNDAY...Mostly sunny. Highs in the mid 80s. South winds 10 to 15 mph. .SUNDAY NIGHT...Partly cloudy. Lows in the mid 50s. South winds 10 to 15 mph. .MONDAY...Partly cloudy. Highs...
- 04/25/2020
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Michael Cogswell, 66, Dies; Sustained Louis Armstrong’s Legacy
- He turned the jazz giant’s trove of memorabilia into a scholarly archive and created a popular museum at Armstrong’s house in Queens.
- 04/25/2020
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Market Talk – April 24, 2020 | Armstrong Economics
- ASIA: The Indian government has announced a new policy on Foreign Direct Investment (FDI) from border sharing countries. The new law came into effect after the Foreign Exchange Management Act (FEMA) notification which was released late night on April 22. This law mandated prior government approvals for FDI from India's neighbors such as Pakistan, China, and Bangladesh. The policy also added that approval would be required for deals where the beneficial or the ultimate owner of the investment, whether directly or indirectly, is from these neighboring countries. Prime Minister Narendra Modi on Thursday shared a finance ministry report to highlight steps taken by his government to help the "most vulnerable" sections of society during the coronavirus-induced lockdown. The ministry said more than 330 million poor people received financial assistance of approx. 4.1 billion USD under the welfare scheme announced on 26 March by Prime Minister. Leading figures in India's crypto industry are reading positive signs from Facebook's $5.7 billion investment in India's largest mobile operator. One of India's prominent crypto exchange said this is a clear sign of crypto emerging as a popular technology in India. Facebook investing $5.7B in Jio is great news for India's crypto system, and Facebook's cryptocurrency Libra may become a reality in India as Jio has also been working on blockchain crypto tech. More than 232,000 people may have been infected in the first wave of Covid-19 in mainland China, four times the official figures, according to a study by Hong Kong researchers. China reported more than 55,000 cases as of February 20, but according to research by academics at Hong Kong University's school of public health, the true number would have been far greater if the definition of a COVID-19 case that was later used had been applied from the outset. China has now reported more than 83,000 cases. The US is calling on China to permanently shut down the country's wet markets where the deadly coronavirus is thought to have first emerged late last year. In a statement following a virtual meeting of the foreign ministers of the Association of Southeast Asian Nations (ASEAN), Secretary of State Mike Pompeo said, "Given the strong link between illegal wildlife sold in wet markets and zoonotic diseases, the United States has called on the People's Republic of China to permanently close its wildlife wet markets and all markets that sell illegal wildlife. I call on all ASEAN governments to do the same." Following this statement, China's foreign ministry emphasized again that it has closed down all live-animal markets but resisted closing the wet markets. The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 167.44 points or -0.86% to 19,262.00 Shanghai decreased 29.97 points or -1.06% to 2,808.53 Hang Seng decreased 145.99 points or -0.61% to 23,831.33 ASX 200 increased 25.50 points or 0.49% to 5,242.60 Kospi decreased 25.72 points or -1.34% to 1,889.01 SENSEX decreased 535.86 points or -1.68% to 31,327.22 The major Asian currency markets had a mixed day today: AUDUSD increased 0.00091 or 0.14% to 0.63820 NZDUSD increased 0.0000 or 0.00% to 0.60030 USDJPY decreased 0.23 or -0.22% to 107.41 USDCNY increased 0.00027 or 0.00% to 7.09351 Precious Metals: Gold decreased 6.43 USD/t oz. or -0.37% to 1,724.90 Silver decreased 0.11 USD/t. oz or -0.70% to 15.1930 Some economic news from last night: Japan: National CPI (MoM) increase from -0.1% to 0.0% CPI, n.s.a (MoM) (Mar) increased from -0.2% to 0.0% National Core CPI (YoY) (Mar) decreased from 0.6% to 0.4% National CPI (YoY) (Mar) remain the same at 0.4% Corporate Services Price Index (CSPI) (YoY) decreased from 2.1% to 1.6% Singapore: URA Property Index (QoQ) (Q1) decreased from 0.50% to -1.00% Some economic news from today: Japan: All Industries Activity Index (MoM) decreased from 0.6% to -0.6% Singapore: Industrial Production (MoM) (Mar) increased from -22.1% to 21.7% Industrial Production (YoY) (Mar) increased from -0.7% to 16.5% India: Bank Loan Growth increased from 6.1% to 7.2% Deposit Growth increased from 7.9% to 9.5% FX Reserves, USD increased from 476.48B to 479.57B EUROPE: A down day for Major European indices as no concrete financial plans concluded during yesterdays after calls with EU senior MPs. The EU chief negotiator has told the media that talks up to this point were disappointing and that real progress must come by June if there is any chance of making the set deadlines. A joint decision would be made at the end of June as to whether they will extend the deadline. Still, no progress has been made regarding the "recovery fund" which would pump trillions of euros into the economy. There is very much a divide between northern and southern states. European Commission head Ursula von der Leyen stated that talks have been positive, and arguments were made in a very constructive manner. Turkey made a complaint to the EU stating Greece is using them. This comes after the EU criticized Turkey's illegal drilling for oil in the Mediterranean Sea. The major Europe stock markets had a negative day today: CAC 40 decreased 57.68 points or -1.30% to 4,393.32 FTSE 100 decreased 74.38 points, or -1.28% to 5,752.23 DAX 30 decreased 177.70 points or -1.69% to 10,336.09 The major Europe currency markets had a mixed day today: EURUSD increased 0.00309 or 0.29% to 1.08062 GBPUSD increased 0.00104 or 0.08% to 1.23633 USDCHF decreased 0.0006 or 0.06% to 0.9755 Some economic news from Europe today: UK: GfK Consumer Confidence (Apr) remain the same at -34 Core Retail Sales (YoY) (Mar) decreased from 0.4% to -4.1% Core Retail Sales (MoM) (Mar) decreased from -0.5% to -3.7% Retail Sales (YoY) (Mar) decreased from 0.0% to -5.8% Retail Sales (MoM) (Mar) decreased from -0.3% to -5.1% Germany: German Business Expectations (Apr) decreased from 79.5 to 69.4 German Current Assessment (Apr) decreased from 92.9 to 79.5 German Ifo Business Climate Index (Apr) decreased from 85.9 to 74.3 Norway: GDP (QoQ) (Q1) decreased from 1.6% to -1.5% GDP Mainland (QoQ) (Q1) decreased from 0.2% to -1.9% Spain: Spanish PPI (YoY) decreased from -2.2% to -5.0% US/AMERICAS: President Trump signed phase 3.5 of the coronavirus relief legislation into law this Friday. The $484 billion in funding will provide 310 billion to the Paycheck Protection Program (PPP), $75 billion to hospitals across the US, and $25 billion for coronavirus testing. The administration said that more relief efforts are underway. States across the US, mainly in the south and Midwest, are making plans to reopen their economies incrementally in the near future. The federal government permitted each state to choose their reopening plans as long as they follow a three-step guideline to ensure that the proper precautions are considered. Georgia currently has the most aggressive plan to reopen its state economy, with Governor Brian Kemp allowing businesses previously deemed non-essential to reopen today. The president said he does not support Kemp's decision but believes each governor will do what is best for their people. NASA is urging people not to congregate for the historic SpaceX launch in Cape Canaveral, Florida. The launch, scheduled for May, will mark the first time in nearly a decade that a manned spacecraft will launch from US soil, as most missions takeoff in rural Khasikstan. This is the first manned mission for SpaceX as well. An event of this magnitude would typically be used as an opportunity to promote Florida tourism, but NASA is urging those interested to livestream the event from home. Brazil's Justice Minister Sérgio Moro resigned from his role in what could be a devastating blow to the Bolsonaro administration. President Bolsonaro recently fired Federal Police Director Maurício Valeixo and the formal notice included Moro's signature. However, Moro claims he neither supported nor signed the letter to fire Valeixo. The federal police are now investigating Moro's claims and are also launching an investigation into the president's business dealings that may involve a money laundering scheme. US Market Closings: Dow advanced 260.00 points or 1.11% to 23,775.27 S&P 500 advanced 38.94 points or 1.39% to 2,836.74 Nasdaq advanced 139.77 points or 1.65% 6o 8,634.52 Russell 2000 Canada Market Closings: TSX Composite advanced 169.27 points or 1.19% to 14,420.36 TSX 60 advanced 11.17 points or 1.3% to 873.14 Brazil Market Closing: Bovespa declined -4,345.98 points or 5.45% to 75,327.32 ENERGY: Brent and WTI's volatility came down today as both oil's moved up 2.2% and 3.7%, respectively. Many banks and analysts are calling the bounce temporary in nature and expect further weakness ahead. The oil markets had a mixed day today: Crude Oil increased 0.58 USD/BBL or 3.52% to 17.0800 Brent increased 0.46 USD/BBL or 2.16% to 21.7900 Natural gas decreased 0.07 USD/MMBtu or -3.88% to 1.7300 Gasoline increased 0.0359 USD/GAL or 5.35% to 0.7066 Heating oil decreased 0.0288 USD/GAL or -3.68% to 0.7538 The above data was collected around 15.32 EST on Friday. Top commodity gainers: Crude Oil (3.52%), Gasoline (5.35%), Palladium (2.43%), and Ethanol (8.29%) Top commodity losers: Natural Gas (-3.88%), Heating Oil (-3.68%), Coffee (-5.13%), and Cotton (-5.34%) The above data was collected around 15.35 EST on Friday. BONDS: Japan -0.01%(-1bp), US 2's 0.21% (-0bps), US 10's 0.60%(-1bps); US 30's 1.19%(-1bps), Bunds -0.47% (-4bp), France 0.02% (-5bp), Italy 1.84% (-17bp), Turkey 11.51% (-49bp), Greece 2.31% (-3bp), Portugal 1.10% (-11bp); Spain 0.97% (-8bp) and UK Gilts 0.29% (+0bp).
- 04/24/2020
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PRIVATE BLOG – Agricultural Production Crisis | Armstrong Economics
- PRIVATE BLOG – Agricultural Production Crisis Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/24/2020
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Construction Stock Q1 Earnings Due on Apr 27: AWI, SSD, PCH
- The sector's Q1 results are likely to reflect a solid housing market & strong public sector construction activity in the early part of the quarter. High labor cost & COVID-19 woes may have been risks.
- 04/24/2020
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Construction Stock Q1 Earnings Due on Apr 27: AWI, SSD, PCH
- The sector's Q1 results are likely to reflect a solid housing market & strong public sector construction activity in the early part of the quarter. High labor cost & COVID-19 woes may have been risks.
- 04/24/2020
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Trump v Gates – Is Gates Winning to Overthrow Trump? | Armstrong Economics
- This COVID-19 has undermined the economy in a way where we will not return back to normalcy. The Washington Post and the New York Times just take the opposite view of whatever Trump does without any consideration of what they are reporting. The Washington Post has targeted Gov. Brian Kemp of Georgia, calling his reopening of the economy an "aggressive course." They said he is some first-term governor, so he obviously doesn't know what he is doing. This is no longer about the people or the country -- this is becoming just hate politics. These leftist media outlets make no effort to review the consequences of this shutdown. There is no investigation of how people have lost everything or that they expect 30% of mortgages to default. Trump wants to reopen and they simply argue the opposite. There is no investigation of the conflicts of interest with regard to these health organizations, and they place Bill Gates on a pedestal as the savior of the world. The media portrays CO2 as evil as it causes climate change, yet they never report that there is a coronavirus-driven CO2 shortage that threatens US food and water supply. We need CO2 to clean water. Without CO2, this threatens the supply of drinking water. CO2 is also used in soda and beer production. Yet, they cheer Bill Gates and his object to get to zero CO2. Then if you want to know WHO is deliberately trying to destroy modern society, just look at the WHO and the United Nations. The WHO has never had a peer review report to suggest that this virus would be lethal enough to shut down the world economy. The absence of this is critical. As protests are rising, they continually justify the continuation of a lockdown, which has become a tyrannical house arrest, for the sole purpose of destroying the economy so it can be rebuilt from scratch without CO2 or any regard for the human suffering. There will be far more deaths from this house arrest and the total destruction to all debt, both borrowing and lending, which will also undermine the entire banking system and pensions. The WHO now claims in another fictional report that "maybe as few as 2% or 3%" of the population has antibodies in their blood, showing they have been infected with COVID-19. They continue to argue that the world needs to be locked down, ignoring the structural changes that have already ensured the world will NEVER be the same again. When we look at the actual data, 40% of all deaths in New Jersey have been in nursing homes, which Sweden locked-down. This does not warrant closing the world economy where more people will lose everything and Gates & the WHO could care less provided they get their end goal - climate change restructuring. Bill Gates and his control of the WHO is outrageous. He has assumed control of the world economy and the leftist press protects him like a bulletproof vest simply because they hate Trump. Make no mistake about it, Gates profits from steering technology. There are serious conflicts of interest that the leftist press ignores and will NEVER investigate. The real question is why have the leftist press declared a war against the future of the nation and the people while ignoring the hidden corruption in many health organizations?
- 04/24/2020
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Alexander Armstrong wife: Who is Alexander Armstrong's wife? Meet Hannah Bronwen Snow
- ALEXANDER ARMSTRONG is a British comedian, actor and presenter, who has become a familiar face on screens as the host of Pointless on BBC One. But who is he married to?
- 04/24/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Thursday, April 23, 2020 _____ 703 FPUS54 KAMA 240822 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 322 AM CDT Fri Apr 24 2020 TXZ012-017-250115- Potter-Randall- Including the cities of Amarillo and Canyon 322 AM CDT Fri Apr 24 2020 .TODAY...Sunny, windy. Highs in the lower 70s. Northwest winds 20 to 30 mph with gusts to around 45 mph. .TONIGHT...Mostly clear. Breezy. Lows around 40. Northeast winds 15 to 25 mph becoming north around 5 mph after midnight. .SATURDAY...Partly cloudy. Highs in the lower 70s. North winds 5 to 10 mph. .SATURDAY NIGHT...Mostly clear. Lows in the mid 40s. Southeast winds 5 to 10 mph. .SUNDAY...Partly cloudy. Highs in the lower 80s. South winds 10 to 20 mph. .SUNDAY NIGHT...Partly cloudy. Lows in the mid 50s. .MONDAY...Partly cloudy. Highs in the upper 80s. .MONDAY NIGHT...Mostly clear. Lows in the lower 50s. .TUESDAY...Mostly sunny. Highs in the mid 80s. .TUESDAY NIGHT...Mostly clear. Lows around 50. .WEDNESDAY...Mostly sunny. Highs in the lower 80s. .WEDNESDAY NIGHT...Partly cloudy. Lows in the lower 50s. .THURSDAY...Partly cloudy. Highs in the mid 80s. $$ TXZ317-250115- Palo Duro Canyon- Including the city of Palo Duro Canyon 322 AM CDT Fri Apr 24 2020 .TODAY...Sunny, windy. Highs in the mid 70s. Northwest winds 20 to 30 mph with gusts to around 45 mph. .TONIGHT...Mostly clear. Breezy. Lows in the lower 40s. North winds 15 to 25 mph becoming northwest 5 to 10 mph after midnight. .SATURDAY...Partly cloudy. Highs in the lower 70s. North winds around 5...
- 04/24/2020
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Hospitals Are Empty & Going Broke As Normal Healthcare has been Suspended | Armstrong Economics
- The lockdown was justified under the theory that Hospitals did not have the capacity to take care of the millions of people who would be struck down by the rapid coronavirus. All of that justification to lock down the nation never materialized. The ramifications have now turned to a denial of healthcare for the regular population and now doctors and medical staff are facing being laid off because normal health services are shut down. I personally could not even see a dentist because they were told to shut down by the American Dental Association. Ironically, now hospitals are in danger of going bankrupt. We were told that we had to flatten the curve because there were not enough bed spaces. Then they did the subtle switch and the lockdown was justified until COVID-19 was eradicated. The interesting thing is how many institutions are sending us various materials because mainstream media will not cover it when it goes against their position of maintaining this lockdown. They are endangering our lives cor political nonsense by refusing to report the truth. Here is a letter from the Virginia Hospital & Healthcare Association to Governor Northam asking that these emergency orders preventing healthcare for normal people be suspended. Where the justification was to protect public health, this lockdown is now threatening public health and the leftist media refuses to report the truth. DOWNLOAD LETTER: Letter-to-Governor-Northam-Regarding-EO-Extension-4.18.20
- 04/24/2020
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Is the Lockdown A Violation of the Constitution? | Armstrong Economics
- In Idaho, despite having a Republican Governor, the police have violated the human rights of a mother who took her too small children to a park and was arrested and handcuffed in from of her children in a playground. Sara Walton Brady, 40, of Meridian, Idaho, was arrested and handcuffed for allowing her children to play on climbing equipment at a town park. The Meridian Police Department had to respond with a public statement to justify what they did claiming she "was noncompliant and refused to leave after being given many opportunities, so she was arrested on one count of misdemeanor trespassing." There is recognized power inherent in government to impose civil confinement for mental incapacity. In Addington v. Texas, 441 U.S. 418 (1979) a mother filed a petition for her son's indefinite commitment to a state mental hospital in accordance with Texas law. Her son had a long history of confinements for mental and emotional disorders. The jury found that appellant was mentally ill and that he required hospitalization, and the trial court ordered his commitment for an indefinite period. The state trial court had instructed the jury to determine whether, based on "clear, unequivocal and convincing evidence," he was mentally ill and required hospitalization for his own welfare and protection or the protection of others. He appealed and contended that the trial court should have employed the "beyond a reasonable doubt" standard of proof. The Supreme Court reversed and held that simply a "clear and convincing" standard of proof was all that was required by the Fourteenth Amendment in a civil proceeding even to commit an individual involuntarily for an indefinite period to a state mental hospital. Pp. 441 U. S. 425-433. However, this decision does not truly apply when you are locking-down the entire population for they have not been afforded any due process right whatsoever in any court regardless of the standard of proof. Therefore, we must look further to find if there is any authority under the Constitution regarding quarantine lockdown orders. We have to look historically as to what has the United States Supreme Court upheld with respect to such exercises of the states' general police powers to protect public health through quarantines and other measures. The Supreme Court in Jacobson v. Commonwealth of Massachusetts, 197 U.S. 11, 25, 25 S.Ct. 358, 49 L.Ed. 643 (1905) upheld a Massachusetts law requiring vaccination against smallpox Id. at 39, 25 S.Ct. 358. The Court held that such a measure, enacted to protect public health, will not be struck down unless it "has no real or substantial relation to [that goal], or is, beyond all question, a plain, palpable invasion of rights" secured by the Constitution. Id. at 31, 25 S.Ct. 358. To uphold that law, the Court analogized to the unquestioned power to quarantine even an outwardly healthy individual entering the United States: An American citizen arriving at an American port on a vessel in which, during the voyage, there had been cases of yellow fever or Asiatic cholera, he, although apparently free from disease himself, may yet, in some circumstances, be held in quarantine against his will on board of such vessel or in a quarantine station, until it be ascertained by inspection, conducted with due diligence, that the danger of the spread of the disease among the community at large has disappeared. Id. at 29, 25 S.Ct. 358. Courts facing similar public health issues have recognized that the authorities possess similarly broad discretion. Similarly, the Supreme Court also upheld quarantine laws in Compagnie Francaise de Navigation a Vapeur v. La. State Bd. of Health, 186 U.S. 380, 387, 22 S.Ct. 811, 46 L.Ed. 1209 (1902)("[T]he power of States to enact and enforce quarantine laws for the safety and the protection of the health of their inhabitants . . . is beyond question."); Ogden v. Gibbons, 22 U.S. (9 Wheat.) 1, 203, 6 L.Ed. 23 (1824) (dicta that a state has the power "to provide for the health of its citizens" by quarantine laws). Nevertheless, this is still not clear authority to justify locking-down all of the population without any evidence that they are actually at risk. Thus Reynolds v. McNichols, 488 F.2d 1378 (10th Cir.1973), relying in part on Jacobson, upheld an ordinance "authorizing limited detention in jail without bond for the purpose of examination and treatment for a venereal disease of one reasonably suspected of having a venereal disease" 592*592 as a valid exercise of the police power. Id. at 1383. In U.S. ex rel. Siegel v. Shinnick, 219 F.Supp. 789 (E.D.N.Y.1963), the court permitted the quarantine of a woman who had arrived in the U.S. from Stockholm (deemed "a smallpox infected area") without presenting a certificate of vaccination. Id. at 790-91. The court upheld an administrative order that she be quarantined for 14 days, the length of the smallpox incubation period. Id. It acknowledged that public health officials "deal in a terrible context [where] the consequences of mistaken indulgence can be irretrievably tragic." A better-safe-than-sorry determination was therefore entitled to deference, absent a "reliable showing of error," id. at 791: Their conclusion, reached in obvious good faith, cannot be challenged on the ground that they had no evidence of the exposure . . . to the disease; they, simply, were not free and certainly not bound to ignore the facts that opportunity for exposure existed during four days in Stockholm, that no one on earth could know for fourteen days whether or not there had been exposure. . . . Id. Some courts have indeed struck down quarantine orders as well, however, when they were found to be arbitrary and unreasonable in relation to their goal of protecting the public health. In Jew Ho v. Williamson, 103 F. 10 (C.C.D.Cal.1900), the court found that sealing off an entire section of San Francisco to prevent the spread of the bubonic plague was "unreasonable, unjust, and oppressive." Id. at 26. Such an overbroad order, the court declared, was "not in harmony with the declared purpose" of preventing the spread of the disease. Id. at 23. In another case, the court also found the order was beyond the power of government and was thus of similar concern in In re Smith, 101 Sickels 68, 76, 146 N.Y. 68, 40 N.E. 497 (1895). There, the New York Court of Appeals rejected the blanket quarantine of individuals who refused vaccination, when there was no reason to believe they had been infected or even exposed to that disease. Building on the legal principles, it can be reasonably argued that the initial decision to quarantine the entire society or to even demand worldwide vaccination as Bill Gates has been demanding, is beyond the power of government. This clearly bears no real or substantial relation to the protection of public health, and it is obviously arbitrary and oppressive. At a minimum, a complete quarantine of society shutting down all commerce is arbitrary and oppressive. There is not even clear and convincing evidence that a woman simply taking her two young children to play on swings threatened with society or the lives of her children. In Idaho, there were 1,766 cases in total with only 51 Deaths. The total population of Idaho was 1.7 million in 2019. Locking down the entire state for such a tiny fraction of the population testing positive was a violation of her Civil Rights actionable under 42 U.S.C. § 1983.
- 04/24/2020
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What Gates & WHO Have Done to Third World Countries is Criminal | Armstrong Economics
- The press will not report what this lockdown has done worldwide. Third world countries are primarily service-oriented. These people have no savings and no unemployment insurance. There are now massive free food operations in Thailand to help people who have lost their jobs and are on the brink of starvation. This is the real news that the elitist leftist press will not cover because it exposes the irresponsibility of both Bill Gates, his Foundation, and the WHO with no regard to the dangers they have inflicted upon the entire world.
- 04/24/2020
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Market Talk – April 23, 2020 | Armstrong Economics
- ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 291.49 points or 1.52% to 19,429.44 Shanghai decreased 5.48 points or -0.19% to 2,838.50 Hang Seng increased 83.96 points or 0.35% to 23,977.32 ASX 200 decreased 4.10 points or -0.08% to 5,217.10 Kospi increased 18.58 points or 0.98% to 1,914.73 SENSEX increased 483.53 points or 1.54% to 31,863.08 The major Asian currency markets had a mixed day today: AUDUSD increased 0.0081 or 1.28% to 0.63794 NZDUSD increased 0.0087 or 1.46% to 0.60127 USDJPY decreased 0.1630 or -0.15% to 107.67 USDCNY decreased 0.0104 or -0.15% to 7.08867 Precious Metals: Gold increased 22.10 USD/t oz. or 1.29% to 1,735.55 Silver increased 0.21 USD/t. oz or 1.40% to 15.3670 Some economic news from last night: South Korea: GDP (YoY) (Q1) decreased from 2.3% to 1.3% GDP (QoQ) (Q1) decreased from 1.3% to -1.4% Japan: Foreign Bonds Buying decreased from -193.9B to -431.5B Foreign Investments in Japanese Stocks increased from -15.5B to -3.5B Manufacturing PMI (Apr) decreased from 44.8 to 43.7 Services PMI decreased from 33.8 to 22.8 Australia: Manufacturing PMI decreased from 49.7 to 45.6 Services PMI decreased from 38.5 to 19.6 New Zealand: Credit Card Spending (YoY) decreased from 2.2% to -8.2% Some economic news from today: Japan: Leading Index increased from 90.5 to 91.7 Singapore: CPI (YoY) (Mar) decreased from 0.3% to 0.0% Hong Kong: CPI (YoY) (Mar) increased from 2.2% to 2.3% EUROPE/EMEA: The well anticipated meeting of the European Union to discuss financial matters to help Europe recover from the coronavirus was a disaster and lasted only four hours. According to the paper, the biggest bottle neck was the actual video conferencing technology, with senior officials stating the importance of the talks and it was impossible to conclude via video conference and a physical meeting would be required in the summer. The European Commission head is adamant that the only way for recovery is to work with the EU budget, with perhaps creating a comingled fund which would share the debt burden. The Independent were a little more optimistic by the progress suggesting that the EU leaders have given Brussels the go ahead to draw up a trillion euro plan for recovery. German Chancellor Angela Merkel reiterated that the coronavirus pandemic was still in its early stages, and that German states shouldn't rush back to normality, instead making sure rules such as social distancing. The UK Guardian, pointed at a possible "Nexit," with Netherlands becoming increasingly frustrated at the idea of spending big in order to finance the recovery. The major Europe stock markets had a green day today: CAC 40 increased 39.20 points or 0.89% to 4,451.00 FTSE 100 increased 55.98 points, or 0.97% to 5,826.61 DAX 30 increased 98.76 points or 0.95% to 10,513.79 The major Europe currency markets had a mixed day today: EURUSD decreased 0.0017 or -0.16% to 1.07938 GBPUSD increased 0.0026 or 0.21% to 1.23503 USDCHF increased 0.0015 or 0.15% to 0.97401 Some economic news from Europe today: France： French Business Survey (Apr) decreased from 98 to 82 French Manufacturing PMI (Apr) decreased from 43.2 to 31.5 French Markit Composite PMI (Apr) decreased from 28.9 to 11.2 French Services PMI (Apr) decreased from 27.4 to 10.4 UK: Public Sector Net Borrowing (Mar) increased from 0.07B to 2.33B Public Sector Net Cash Requirement (Mar) increased from 1.350B to 7.208B Composite PMI decreased from 36.0 to 12.9 Manufacturing PMI decreased from 47.8 to 32.9 Services PMI decreased from 34.5 to 12.3 CBI Industrial Trends Orders (Apr) decreased from -29 to -56 Germany: GfK German Consumer Climate (May) decreased from 2.7 to -23.4 German Composite PMI (Apr) decreased from 35.0 to 17.1 German Manufacturing PMI (Apr) decreased from 45.4 to 34.4 German Services PMI (Apr) decreased from 31.7 to 15.9 Norway: Industrial Confidence (Q1) decreased from -0.2 to -17.5 Unemployment Rate (Feb) decreased from 3.7% to 3.5% Italy: Italian Trade Balance Non-EU (Mar) increased from 5.10B to 5.21B Euro Zone: Manufacturing PMI (Apr) decreased from 44.5 to 33.6 Markit Composite PMI (Apr) decreased from 29.7 to 13.5 Services PMI (Apr) decreased from 26.4 to 11.7 US/AMERICAS: US Treasury Chief Steve Mnuchin finally announced a timeframe for when the government anticipates the US economy will reopen. "We're looking forward to, by the time we get later to the summer, having most of, if not all of, the economy open," Mnuchin said this Wednesday. Americas debt continues to deepen each day that the economy is shutdown. Mnuchin defended the latest $484 billion aid package that was passed on Tuesday by saying it was akin to fighting a war and said that the Trump administration is "sensitive to the economic impact of putting on debt." After receiving backlash for allegedly overlooking smaller businesses, the Small Business Administration (SBA) issued a new set of guidelines for companies wishing to receive Paycheck Protection Program (PPP) funds. Businesses are now required to confirm that they need the funding and do not have access to other sources of liquidity. This confirmation is required in good faith. "It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith," a representative from the SBA said, "and such a company should be prepared to demonstrate to SBA, upon request, the basis for its certification." Businesses that do not comply with the new guidelines are asked to return the funds they received by May 7. President Trump officially signed a bill today that will temporarily suspend immigration into the US. Children and spouses of US citizens and military personnel are exempt from the ban. US Market Closings: Dow advanced 39.44 points or 0.17% to 23,515.26 S&P 500 declined -1.51% or -0.05% to 2,797.80 Nasdaq declined -0.63 of a point of -0.01% to 8,494.75 Russell 2000 advanced 12.54 points or 1.04% to 1,214.06 Canada Market Closings: TSX Composite declined 37.07 points or -0.26% to 14,251.09 TSX 60 declined 3.94 points or -0.46% to 861.97 Brazil Market Closing: Bovespa declined 1,013.85 points or -1.26% to 79,673.30 ENERGY: WTI bounced up another 20%+ today, with Brent crude rising 5%. Yesterday's news brought a suggestion that US President Trump would be banning imports of oil in order to prop up the US' WTI market. The oil markets had a mixed day today: Crude Oil increased 4.16 USD/BBL or 30.19% to 17.9400 Brent increased 1.98 USD/BBL or 9.72% to 22.3500 Natural gas decreased 0.071 USD/MMBtu or -3.67% to 1.8640 Gasoline increased 0.0181 USD/GAL or 2.51% to 0.7392 Heating oil increased 0.0469 USD/GAL or 5.95% to 0.8356 The above data was collected around 11.43 EST on Thursday.
- 04/24/2020
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Construction Stock Q1 Earnings Due on Apr 27: AWI, SSD, PCH
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Nomura's bullish building products names take ax to estimates
- News is free at Seeking Alpha.This post is a Notable Call. Notable Calls are a Premium feature.To access this and other Notable Calls, try a free trial to Seeking Alpha Premium.
- 04/23/2020
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Trump v Gates – Is Gates Winning to Overthrow Trump? | Armstrong Economics
- This COVID-19 has undermined the economy in a way where we will not return back to normalcy. The Washington Post and the New York Times just take the opposite view of whatever Trump does without any consideration of what they are reporting. The Washington Post has targeted Gov. Brian Kemp of Georgia, calling his reopening of the economy an "aggressive course." They said he is some first-term governor, so he obviously doesn't know what he is doing. This is no longer about the people or the country -- this is becoming just hate politics. These leftist media outlets make no effort to review the consequences of this shutdown. There is no investigation of how people have lost everything or that they expect 30% of mortgages to default. Trump wants to reopen and they simply argue the opposite. There is no investigation of the conflicts of interest with regard to these health organizations, and they place Bill Gates on a pedestal as the savior of the world. The media portrays CO2 as evil as it causes climate change, yet they never report that there is a coronavirus-driven CO2 shortage that threatens US food and water supply. We need CO2 to clean water. Without CO2, this threatens the supply of drinking water. CO2 is also used in soda and beer production. Yet, they cheer Bill Gates and his object to get to zero CO2. Then if you want to know WHO is deliberately trying to destroy modern society, just look at the WHO and the United Nations. The WHO has never had a peer review report to suggest that this virus would be lethal enough to shut down the world economy. The absence of this is critical. As protests are rising, they continually justify the continuation of a lockdown, which has become a tyrannical house arrest, for the sole purpose of destroying the economy so it can be rebuilt from scratch without CO2 or any regard for the human suffering. There will be far more deaths from this house arrest and the total destruction to all debt, both borrowing and lending, which will also undermine the entire banking system and pensions. The WHO now claims in another fictional report that "maybe as few as 2% or 3%" of the population has antibodies in their blood, showing they have been infected with COVID-19. They continue to argue that the world needs to be locked down, ignoring the structural changes that have already ensured the world will NEVER be the same again. When we look at the actual data, 40% of all deaths in New Jersey have been in nursing homes, which Sweden locked-down. This does not warrant closing the world economy where more people will lose everything and Gates & the WHO could care less provided they get their end goal - climate change restructuring. Bill Gates and his control of the WHO is outrageous. He has assumed control of the world economy and the leftist press protects him like a bulletproof vest simply because they hate Trump. Make no mistake about it, Gates profits from steering technology. There are serious conflicts of interest that the leftist press ignores and will NEVER investigate. The real question is why have the leftist press declared a war against the future of the nation and the people while ignoring the hidden corruption in many health organizations?
- 04/23/2020
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Concure Oncology Names Scott Armstrong as New Chief Executive Officer
- Concure Oncology, which eases the burden for women facing early-stage breast cancer by providing an innovative new kind of radiation treatment option, announced its hiring of Scott Armstrong as its Chief Executive Officer. Armstrong joins Concure during a pivotal period of growth and a monumental opportunity
- 04/23/2020
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Armstrong Flooring (AFI) Gets a Hold Rating from Nomura
- In a report released today, Mike Wood from Nomura maintained a Hold rating on Armstrong Flooring (AFI), with a price target of $2.00. The company's shares
- 04/23/2020
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Nomura Maintains a Buy Rating on Armstrong Ind (AWI)
- Nomura analyst Mike Wood maintained a Buy rating on Armstrong Ind (AWI) today and set a price target of $105.00. The company's shares closed last Thursday
- 04/23/2020
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YouTube Removes Older Documentaries Showing Corruption at WHO | Armstrong Economics
- The censorship bein imposed by Vimeo, Youtube, Facebook, and others trying to crush any resistance to being locked-down. This documentary has been out for years. They are now reviewing anything that exposures the truth of the World Health Organization and the corruption that is systemic. We need to write to everyone in Congress and demand an investigation into WHO. If we do not do this, we have lost all our freedoms. Taking this documentary down which has been out for years is a major warning of how we are entering an era indistinguishable from the old Soviet Union and Pravda - the Truth. Nobody removes conspiracy theories about aliens or alien abductions. So why remove anything that calls into question vaccines and the World Health Organization. I bet is anyone came out with a youtube post calling into question Bill Gates and his wife and what they are making from vaccines it would be removed. The ONLY reason to remove anything that calls into question the WHO or vaccines and the truth of the coronavirus scam is that it is hitting too close to the real truth. They are counting on people being obedient to authority and willing to surrender all human rights because the mob acts like a herd of sheep waiting to be told what to do next. I would love to see a REAL poll taken about who believes this virus on a week by week basis.
- 04/23/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Wednesday, April 22, 2020 _____ 383 FPUS54 KAMA 230918 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 418 AM CDT Thu Apr 23 2020 TXZ012-017-240115- Potter-Randall- Including the cities of Amarillo and Canyon 418 AM CDT Thu Apr 23 2020 .TODAY...Mostly sunny. Highs around 80. West winds 10 to 15 mph. .TONIGHT...Mostly clear. Isolated rain showers in the evening. Lows in the upper 40s. Northwest winds 5 to 10 mph. Chance of showers 20 percent. .FRIDAY...Mostly sunny. Highs in the lower 70s. North winds 15 to 20 mph. .FRIDAY NIGHT...Mostly clear. Lows in the lower 40s. Northeast winds 10 to 15 mph. .SATURDAY...Partly cloudy. Highs in the mid 70s. Northwest winds 5 to 10 mph. .SATURDAY NIGHT...Mostly clear. Lows in the mid 40s. .SUNDAY...Partly cloudy. Highs in the mid 80s. .SUNDAY NIGHT...Mostly cloudy. Lows in the mid 50s. .MONDAY...Partly cloudy. Highs in the upper 80s. .MONDAY NIGHT...Mostly clear. Lows in the mid 50s. .TUESDAY...Mostly sunny. Highs in the upper 80s. .TUESDAY NIGHT...Mostly clear. Lows in the lower 50s. .WEDNESDAY...Mostly sunny. Highs in the lower 80s. $$ TXZ317-240115- Palo Duro Canyon- Including the city of Palo Duro Canyon 418 AM CDT Thu Apr 23 2020 .TODAY...Mostly sunny. Highs in the lower 80s. West winds 5 to 10 mph. .TONIGHT...Mostly clear. Lows in the upper 40s. Northwest winds 10 to 15 mph. .FRIDAY...Mostly sunny. Highs in the lower 70s. North winds 10 to 20 mph. .FRIDAY NIGHT...Mostly clear. Lows in the lower 40s. North winds 10 to 15 mph. . ..
- 04/23/2020
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PRIVATE BLOG – Profound Changes to the Economy | Armstrong Economics
- PRIVATE BLOG – Profound Changes to the Economy Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/23/2020
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"Mr.President, Open The Economy Now" - Martin Armstrong Warns "There's Another Agenda Going On"
- “This is just scare mongering, and there is another agenda going on..."
- 04/22/2020
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US Ceiling Grid System Market to 2027 - Country Analysis and Forecasts by Material Used
- New York, April 22, 2020 -- Reportlinker.com announces the release of the report "US Ceiling Grid System Market to 2027 - Country Analysis and Forecasts by Material Used" -.
- 04/22/2020
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Market Talk – April 22, 2020 | Armstrong Economics
- ASIA: Facebook will buy a 10% stake in the digital business of Reliance Industries for 5.7 billion USD, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Reliance Industries cut debt that has piled up in its expensive push to secure top spot for its Jio Infocomm telecom business. The Indian government has targeted to procure 40.7 million tonnes of wheat and 11.29 million tonnes of rice for the central pool during the ongoing crop marketing season, which is scheduled to end by August this year. As per the projections given by states, the production of wheat is likely to be 118.4 million tonnes while out of winter rice is likely to be 16.68 million tonnes. Electric vehicle (EV) sales in India have risen sharply over the year, with two-wheeled modes of transport accounting for the vast majority of sales in the world's second-most-populous country. Sales of EVs in the country hit 156,000 in the 2019-20 financial year, figures from the Society of Manufacturers of Electric Vehicles (SMEV) showed Monday, up from 130,000 the previous year. China has rejected Australia's call for a probe examining the global response to the coronavirus pandemic -- including Beijing's early handling of the outbreak. Chinese foreign ministry spokesman Geng Shuang said the accusations disrespected "the Chinese people's tremendous efforts and sacrifices" in fighting the contagion. "Any question about China's transparency in the prevention and control of epidemic situation is not in line with facts," Geng told a reporter at a press briefing. A Japanese government panel says tsunami waves measuring more than 20 meters high could hit northern Japan if a megaquake of magnitude 9 or stronger occurs in one of two deep sea trenches. The government panel has been studying the possible scale of an earthquake, and tsunami waves it could trigger, in either a part of the Chishima Trench or the Japan Trench. The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 142.83 points or -0.74% to 19,137.95 Shanghai increased 16.97 points or 0.60% to 2,843.98 Hang Seng increased 99.81 points or 0.42% to 23,893.36 ASX 200 decreased 0.10 points or -0.00% to 5,221.20 Kospi increased 16.77 points or 0.89% to 1,896.15 SENSEX increased 742.84 points or 2.42% to 31,379.55 The major Asian currency markets had a mixed day today: AUDUSD increased 0.00175 or 0.28% to 0.63121 NZDUSD decreased 0.00215 or -0.36% to 0.59447 USDJPY increased 0.09 or 0.09% to 107.79 USDCNY increased 0.00263 or 0.04% to 7.10362 Precious Metals: Gold increased 29.23 USD/t oz. or 1.73% to 1,714.95 Silver increased 0.13 USD/t. oz or 0.84% to 15.0505 Some economic news from last night: South Korea: PPI (MoM) (Mar) decreased from -0.3% to -0.8% PPI (YoY) (Mar) decreased from 0.7% to -0.5% Australia: MI Leading Index (MoM) decreased from -0.4% to -0.8% EUROPE/EMEA: The European Commission is touting an idea to issue a 2 trillion euro recovery plan for the European Union. The EU leaders are expected to come together tomorrow to discuss a financial package for the Eurozone. There are still many concerns regarding the direction of the EU. Italy is complaining that not enough is being done and questioning the union as a whole. The UK government is being criticized for not joining the EU equipment scheme when they had the chance. The scheme would have enabled the UK to have access to medical equipment, which would have helped to deal with the coronavirus. The UK told Brussels that there was a communication error that led them to be late for the deadline, whereas Brussels said they had ample time and resources to reach out to them to be a part of the scheme still. Germany has eased the lockdown restrictions by allowing shops to open, but have introduced wearing face masks in public as a compulsory act. A leading German newspaper, The Bild, claimed China is responsible for the coronavirus outbreak and demanded that an invoice be sent to the Chinese government for damages in excess of 130 billion euros. The coronavirus is showing the damage it is causing with the European consumer confidence index having had its greatest monthly drop and settling at its lowest level since the 2008 financial crisis. The major Europe stock markets had a green day today: CAC 40 increased 54.34 points or 1.25% to 4,411.80 FTSE 100 increased 129.60 points, or 2.30% to 5,770.63 DAX 30 increased 165.18 points or 1.61% to 10,415.03 The major Europe currency markets had a mixed day today: EURUSD decreased 0.00418 or -0.39% to 1.08144 GBPUSD increased 0.00203 or 0.17% to 1.23183 USDCHF increased 0.00251 or 0.26% to 0.97226 Some economic news from Europe today: UK: Steel Production (Metric Ton) (Mar) increased from 575.70K to 629.80K Core CPI (YoY) (Mar) decreased from 1.7% to 1.6% Core CPI MoM (MoM) (Mar) decreased from 0.6% to 0.1% Core PPI Output (YoY) (Mar) increased from 0.5% to 0.9% Core PPI Output (MoM) (Mar) increased from -0.1% to 0.3% Core RPI (MoM) (Mar) decreased from 0.5% to 0.2% Core RPI (YoY) (Mar) increased from 2.5% to 2.7% CPI (MoM) (Mar) decreased from 0.4% to 0.0% CPI (YoY) (Mar) decreased from 1.7% to 1.5% CPI, n.s.a (Mar) remain the same at 108.60 PPI Input (MoM) (Mar) decreased from -0.9% to -3.6% PPI Input (YoY) (Mar) decreased from -0.2% to -2.9% PPI Output (YoY) (Mar) decreased from 0.5% to 0.3% PPI Output (MoM) (Mar) remain the same at -0.2% RPI (YoY) (Mar) increased from 2.5% to 2.6% RPI (MoM) (Mar) decreased from 0.5% to 0.2% Italy: Italian Industrial New Orders (YoY) (Feb) decreased from -1.9% to -2.6% Italian Industrial New Orders (MoM) (Feb) decreased from 1.1% to -4.4% Italian Industrial Sales (YoY) (Feb) decreased from 3.80% to 0.90% Italian Industrial Sales (MoM) (Feb) decreased from 5.50% to -2.10% Euro Zone: Consumer Confidence (Apr) decreased from -11.6 to -22.7 US/AMERICAS: The Senate passed another bill that will issue an additional $484 billion to aiding coronavirus relief efforts. Of those funds, $310 billion to the null Paycheck Protection Program (PPP). Some are voicing concerns over whether any amount of relief aid could prevent an economic collapse if the economy remains closed. "The virus bailouts have already cost over $2 trillion. Our annual deficit this year will approach $4 trillion. We can't continue on this course. No amount of bailout dollars will stimulate an economy that is being strangled by quarantine," Senator Rand Paul stated. President Trump is demanding that Harvard University return the $9 million in aid they received from the PPP. Harvard has a $41 billion endowment, the largest of any university in the country, and the president said he plans to launch an investigation into those funds as well. The Federal Housing Finance Agency (FHFA), which operates Fannie Mae and Freddie Mac, announced plans to bail out mortgages in an attempt to ease lending. "Purchases of these previously ineligible loans will help provide liquidity to mortgage markets and allow originators to keep lending," FHFA Director Mark Calabria stated this Wednesday. Furthermore, mortgages that closed between February 1, 2020 and on or before May 31, 2020 may be eligible for the government's forbearance program which could suspend payments for up to a year. Canada sent two planes to China to pick up a shipment of medical supplies, but both planes returned empty. Canadian Prime Minister Justin Trudeau said Canada has "been fighting in a very competitive international environment" for personal protective equipment (PPE). Trudeau said quarantine measures and checkpoints interrupted the supply line, describing the logistical restrictions as "severe." US Market Closings: Dow advanced 456.94 points or 1.99% to 23,475.82 S&P 500 advanced 62.75 points or 2.29% to 2,799.31 Nasdaq advanced 232.15 points or 2.81% to 8,495.38 Russell 2000 advanced 16.43 points or 1.39% to 1,201.52 Canada Market Closings: TSX Composite advanced 348.1 points or 2.5% to 14,288.16 TSX 60 advanced 21.28 points or 2.52% to 856.91 Brazil Market Closing: Bovespa advanced 1,714.39 points or 2.17% to 80,687.15 ENERGY: WTI and Brent bounced back from an 18-year low that was formed yesterday. Oil's comeback was helped when US President Trump announced that the US navy will not go soft on an Iranian vessels that are provoking the US Navy in the region, declaring that the US Navy will shoot them on site. WTI pushed up 22.30% to 14.15 and Brent climbed above 20, moving up in excess of 7%. The oil markets had a green day today: Crude Oil increased 4.75 USD/BBL or 47.45% to 14.7600 Brent increased 1.65 USD/BBL or 8.54% to 20.9800 Natural gas increased 0.035 USD/MMBtu or 1.90% to 1.8730 Gasoline increased 0.0883 USD/GAL or 14.50% to 0.6972 Heating oil increased 0.0089 USD/GAL or 1.11% to 0.8079 The above data was collected around 13.21 EST on Wednesday. Top commodity gainers: Crude Oil (47.45%), Ethanol (8.42%), Gasoline (14.50%), and Brent (8.54%) Top commodity losers: Rubber (-1.90%), Rice (-0.86%), Wheat (-0.41%), and Soda Ash (-0.45%) The above data was collected around 13.26 EST on Wednesday. BONDS: Japan 0.00%(-2bp), US 2's 0.22% (+1bps), US 10's 0.63%(+6bps); US 30's 1.23%(+7bps), Bunds -0.41% (+8bp), France 0.13% (+5bp), Italy 2.06% (-11bp), Turkey 12.00% (-62bp), Greece 2.54% (+25bp), Portugal 1.29% (+11bp); Spain 1.16% (+15bp) and UK Gilts 0.33% (+3bp).
- 04/22/2020
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Armstrong World Industries Declares Cash Dividend for First Quarter 2020
- Armstrong World Industries, Inc. (AWI), a leader in the design, innovation and manufacture of commercial and residential ceiling, wall and suspension system solutions, today announced that its Board of Directors has declared a cash dividend of $0.20 per share for the first quarter of 2020. The declaration
- 04/22/2020
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Armstrong World Industries Declares Cash Dividend for First Quarter 2020
- LANCASTER, Pa., April 22, 2020 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of...
- 04/22/2020
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I Ran A Stock Scan For Earnings Growth And Armstrong World Industries (NYSE:AWI) Passed With Ease
- It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
- 04/22/2020
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Armstrong World Industries, Inc. (NYSE:AWI) Earns Among The Best Returns In Its Industry
- Today we'll evaluate Armstrong World Industries, Inc. (NYSE:AWI) to determine whether it could have potential as an...
- 04/22/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Tuesday, April 21, 2020 _____ 126 FPUS54 KAMA 220711 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 211 AM CDT Wed Apr 22 2020 TXZ012-017-230115- Potter-Randall- Including the cities of Amarillo and Canyon 211 AM CDT Wed Apr 22 2020 .TODAY...Partly cloudy. Scattered showers and thunderstorms in the morning. Breezy. Highs in the lower 70s. Northwest winds 15 to 25 mph. Chance of precipitation 50 percent. .TONIGHT...Clear. Lows in the mid 40s. North winds 15 to 20 mph becoming west around 5 mph after midnight. .THURSDAY...Mostly sunny. Highs in the lower 80s. Southwest winds 10 to 15 mph. .THURSDAY NIGHT...Partly cloudy. A 20 percent chance of showers and thunderstorms in the evening. Lows in the upper 40s. Northwest winds 5 to 10 mph. .FRIDAY...Mostly sunny. Highs around 70. North winds 10 to 20 mph. .FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly cloudy. Lows in the lower 40s. .SATURDAY...Mostly cloudy. Highs around 70. .SATURDAY NIGHT...Partly cloudy. Lows in the lower 40s. .SUNDAY...Partly cloudy. Highs in the upper 70s. .SUNDAY NIGHT...Partly cloudy. Lows in the lower 50s. .MONDAY...Partly cloudy. Highs in the upper 80s. .MONDAY NIGHT...Mostly clear. Lows in the mid 50s. .TUESDAY...Mostly sunny. Highs in the mid 80s. $$ TXZ317-230115- Palo Duro Canyon- Including the city of Palo Duro Canyon 211 AM CDT Wed Apr 22 2020 .TODAY...Partly cloudy. Scattered showers and thunderstorms in the morning. Breezy. Highs in the lower 70s. Northwest winds 15 to 25 mph. Chance of...
- 04/22/2020
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Coronavirus: Philip Pullman says ministers should face charges if PPE supplies were delayed for ‘political reasons’
- ‘His Dark Materials’ author is a vocal critic of the Conservative government
- 04/22/2020
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Please Forward the Letter to Trump to All Politicians Around the World ASAP | Armstrong Economics
- DOWNLOAD: President Donald Trump Letter- April 21
- 04/22/2020
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Market Talk – April 21, 2020 | Armstrong Economics
- ASIA: India's market regulator, the Securities and Exchange Board of India (SEBI), temporarily eased some fund-raising regulations for listed entities to give them easier and faster access to capital markets. To allow more companies to avail fast-track rights issuances, SEBI reduced the required average market capitalization of public shareholding required to 1 billion rupees from 2.5 billion rupees and minimum period of listing to 18 months from 3 years. Some shops and businesses opened in rural India on Monday (Apr 20) as part of a staggered exit from an almost four-week-long lockdown that has left millions out of work and short of food. As per government regulations, some factories and farming were allowed from Monday in the hinterland which has been less-hard hit by COVID-19. South Korean and Chinese officials and sources familiar with US intelligence on Tuesday cast doubt on reports that North Korean leader Kim Jong Un is gravely ill after a cardiovascular procedure even as the White House closely monitored the matter. The US has called for Chinese authorities to allow a prominent human rights lawyer- Wang Quanzhang to return home, after having spent almost five years in "unjust detention." Wang was released two weeks ago after serving four-and-a-half years for "subversion." Chinese authorities have not allowed him to return to his home town of Jinan to reunite with his family and have put him in Beijing even after completing his 14 days of coronavirus quarantine. A Japanese expert who criticized the country's response to the coronavirus warned the healthcare system is "on the verge of collapse," and that the Olympics may not be able to go ahead even in 2021. There have been 171 deaths recorded so far in Japan and 10,751 cases, with the country under a month-long state of emergency, initially covering seven regions but now in place nationwide. The major Asian stock markets had a negative day today: NIKKEI 225 decreased 388.34 points or -1.97% to 19,280.78 Shanghai decreased 25.54 points or -0.90% to 2,827.01 Hang Seng decreased 536.47 points or -2.20% to 23,793.55 ASX 200 decreased 131.70 points or -2.46% to 5,221.30 Kospi decreased 18.98 points or -1.00% to 1,879.38 SENSEX decreased 1,011.29 points or -3.20% to 30,636.71 The major Asian currency markets had a mixed day today: AUDUSD decreased 0.00677 or -1.07% to 0.62770 NZDUSD decreased 0.00887 or -1.47% to 0.59529 USDJPY increased 0.08 or 0.07% to 107.77 USDCNY increased 0.01706 or 0.24% to 7.10085 Precious Metals: Gold decreased 14.59 USD/t oz. or -0.86% to 1,677.11 Silver decreased 0.3795 USD/t. oz or -2.49% to 14.8825 Some economic news from last night: New Zealand: RBNZ Offshore Holdings (Mar) decreased from 48.90% to 46.40% Some economic news from today: New Zealand： GlobalDairyTrade Price Index decreased from 1.2% to -4.2% EUROPE/EMEA: European markets fell heavily today, with the CAC, FTSE, MIB, and DAX down around 4% and IBEX 35 and FTSE 100 down 3%. This shows there is still significant weakness in the markets globally and the effects of the coronavirus are far from over. The Dutch Prime Minister spoke today at a press conference to say primary schools will reopen in May. However, large sporting events will be canceled until September 1st. In addition, current restrictions will remain in place for three more weeks. Germany is taking it one step further and canceling world-famous Oktoberfest which begins late September. The German defense minister told Sueddeutsche Zeitung that Germany is planning on buying 93 Eurofighters and 45 F-18s to replace their current fleet of Tornado bombers. George Soros was a guest writer for the Guardian today, suggesting that the EU should issue bonds. The principal on the bonds would not need to be repaid, making them perpetual in nature, and can be redeemed at the issuer's discretion. He went on to say this was a once in a lifetime event, and extraordinary measures should be taken. The proposal was for a 1 trillion euro bond with a 0.5% coupon, costing the EU 5 billion euros a year or less than 3% of the EU budget. He says 1 trillion would be too much for the current market, and thus it is more advisable to issue the bond in installments. The FT reported that Polish ministers are calling for a crackdown on EU tax havens to finance the economy during the coronavirus crisis. The major Europe stock markets had a negative day today: CAC 40 decreased 170.84 points or -3.77% to 4,357.46 FTSE 100 decreased 171.80 points, or -2.96% to 5,641.03 DAX 30 decreased 426.05 points or -3.99% to 10,249.85 The major Europe currency markets had a mixed day today: EURUSD decreased 0.00121 or -0.11% to 1.08515 GBPUSD decreased 0.01755 or -1.41% to 1.22647 USDCHF increased 0.00173 or 0.18% to 0.96981 Some economic news from Europe today: UK: Average Earnings ex Bonus (Feb) decreased from 3.1% to 2.9% Average Earnings Index +Bonus (Feb) decreased from 3.1% to 2.8% Claimant Count Change (Mar) increased from 5.9K to 12.1K Employment Change 3M/3M (MoM) (Feb) decreased from 184K to 172K Unemployment Rate (Feb) increased from 3.9% to 4.0% Swiss: Trade Balance (Mar) increased from 3.536B to 4.020B Spain: Spanish Trade Balance increased from -3.51B to -2.12B Germany: German ZEW Current Conditions (Apr) decreased from -43.1 to -91.5 German ZEW Economic Sentiment (Apr) increased from -49.5 to 28.2 Euro Zone: ZEW Economic Sentiment (Apr) increased from -49.5 to 25.2 US/AMERICAS: US President Trump will enact an executive order to temporarily suspend immigration to curb the spread of the coronavirus. The legislation is still processing, but is expected to include a full suspension on work visas and green cards. One unnamed official told CNN that they expect the temporary ban to last 120 days and there may be exceptions for certain foreign workers. The US, Mexico, and Canada announced plans to extend their non-essential travel ban for an additional 30 days. US Acting Department of Homeland Security Secretary Chad Wolf said the decision was a collaborative effort between the bordering countries. "As President Trump stated last week, border control, travel restrictions and other limitations remain critical to slowing the spread and allowing the phased opening of the country," Wolf commented. The US currently has more cases than any other nation in the world with 810,276 confirmed cases and 44,234 deaths. Mexico's Deputy Health Minister Hugo Lopez-Gatell announced today that the cases are expected to rapidly rise as the country enters "the phase of rapid spread where a large number of infections and hospitalizations are accumulated." As of Monday, Mexico reported 8,772 coronavirus cases and 712 deaths. Mexican authorities have already extended their lockdown measures until May 30. Brazil's Supreme Court is launching an investigation into the anti-quarantine protest that occurred over the weekend that was attended by President Bolsonaro. Justice Alexandre de Moraes said the messages promoted at the event were "unconstitutional and are not to be confused with freedom of expression." Although he did not mention the president by name, he did say that several government members attended the rally. Calling the matter "very serious," de Moraes claims the event had "the clear purpose of controlling or even destroying the strength of critical thinking" essential to democracy." US Market Closings: Dow declined 631.56 points or -2.67% to 23,018.88 S&P 500 declined 86.6 points or -3.07% to 2,736.56 Nasdaq declined 297.50 points or -3.48% to 8,263.23 Russell 2000 declined 28.25 points or -2.33% to 1,185.09 Canada Market Closings: TSX Composite declined 448.22 points or -3.12% to 13,940.06 TSX 60 declined 27.35 points or -3.14% to 844.63 Brazil Market Closing: Bovespa declined 17.53 points or -0.02% to 78,972.76 ENERGY: After yesterday's historical fall in WTI futures, the June contract also tanked 43.86% with a price of 11.47 (at one point it fell -65%), Brent crude followed with a -26.20% drop, closing at 18.87. US President Trump stated that it was a great time to buy oil and that he will be purchasing 75 million barrels of oil for the national reserve. The oil markets had a mixed day today: Crude Oil increased 42.13 USD/BBL or 111.96% to 4.5000 Brent decreased 6.7 USD/BBL or -26.20 % to 18.8700 Natural gas decreased 0.053 USD/MMBtu or -2.74% to 1.8830 Gasoline decreased 0.1314 USD/GAL or -18.02% to 0.5978 Heating oil decreased 0.143 USD/GAL or -15.36% to 0.7877 The above data was collected around 12.45 EST on Tuesday. Top commodity gainers: Crude Oil (111.96%), Ethanol (4.83%), Soybeans (0.33%), and Rice (2.64%) Top commodity losers: Palladium (-10.43%), Brent (-26.20%), Gasoline (-18.02%), and Heating Oil (-15.36%) The above data was collected around 12.53 EST on Tuesday. BONDS: Japan 0.02%(+1bp), US 2's 0.20% (-1bps), US 10's 0.56%(-7bps); US 30's 1.13%(-11bps), Bunds -0.48% (-3bp), France 0.08% (+1bp), Italy 2.18% (+23bp), Turkey 12.62% (+43bp), Greece 2.46% (+33bp), Portugal 1.18% (+13bp); Spain 1.02% (+12bp) and UK Gilts 0.30% (-4bp). Spanish 3-Month Letras Auction increased from -0.462% to -0.291% German 2-Year Schatz Auction decreased from -0.650% to -0.680% UK 5-Year Treasury Gilt Auction inreased from 0.117% to 0.168% US 52-Week Bill Auction decreased from 0.260% to 0.165%
- 04/21/2020
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MAY 2020 Virtual Conrona Conference $300 | Armstrong Economics
- We have a lot of people requesting a conference since we had to cancel Shanghai and probably Frankfurt. We will hold a short conference dealing with the immediate crisis and the overview of markets and what to expect next. We will hold this after May 1st. We will announce the date shortly since we are making the arrangements now. We will cover the collapse in the economy and the markets providing authoritative review and forecast for the highs and lows. Because this is a virtual event and only a few hours rather than two days, the cost6 of this will be only $300 because so many people are now in the path of this insanity.
- 04/21/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Monday, April 20, 2020 _____ 387 FPUS54 KAMA 210947 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 447 AM CDT Tue Apr 21 2020 TXZ012-017-220130- Potter-Randall- Including the cities of Amarillo and Canyon 447 AM CDT Tue Apr 21 2020 .TODAY...Mostly cloudy. Patchy fog in the morning. Isolated rain showers, thunderstorms and patchy drizzle in the morning, then scattered showers and thunderstorms in the afternoon. Some thunderstorms may be severe. Highs in the mid 70s. Southeast winds 10 to 20 mph. Chance of precipitation 50 percent. .TONIGHT...Mostly cloudy. Scattered showers and thunderstorms in the evening, then scattered rain showers, thunderstorms and patchy drizzle after midnight. Lows in the upper 40s. Southeast winds 10 to 15 mph. Chance of precipitation 50 percent. .WEDNESDAY...Partly cloudy. Scattered showers and thunderstorms in the morning, then isolated showers and thunderstorms in the afternoon. Breezy. Highs around 70. Northwest winds 15 to 25 mph. Chance of precipitation 40 percent. .WEDNESDAY NIGHT...Mostly clear. Lows in the mid 40s. North winds 15 to 20 mph becoming west around 5 mph after midnight. .THURSDAY...Mostly sunny. Highs in the lower 80s. Southwest winds 10 to 15 mph. .THURSDAY NIGHT...Partly cloudy. Lows in the upper 40s. .FRIDAY...Partly cloudy. Highs in the lower 70s. .FRIDAY NIGHT...Partly cloudy. Slight chance of rain showers in the evening, then a chance of rain showers after midnight. Lows in the lower 40s. Chance of showers 30 percent. .SATURDAY...Partly cloudy. Highs in the upper 60s. .SATURDAY...
- 04/21/2020
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The Truth About the Bogus Report to Start this Lockdown | Armstrong Economics
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BJ Armstrong offers perspective on 'The Last Dance'
- B.J. Armstrong played on three NBA championship teams with Michael Jordan. He knows how Jordan is behind closed doors. He knows the sort of trials and tribulations that occur over the course of a season.
- 04/21/2020
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PRIVATE BLOG – How can Crude Oil Drop to Below ZERO? What Next? | Armstrong Economics
- PRIVATE BLOG – How can Crude Oil Drop to Below ZERO? What Next? Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/21/2020
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Armstrong World Industries Inc (NYSE:AWI) Short Interest Update
- Armstrong World Industries Inc (NYSE:AWI) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 666,000 shares, a decrease of 8.2% from the March 15th total of 725,200 shares. Currently, 1.4% of the shares of the company are sold short. Based […]
- 04/21/2020
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Sex Workers, Homeless & Suicides on the Rise Thanks to COVID-19 | Armstrong Economics
- The lockdown has had so many ripple effects that it is just mind-numbing. Shutting down restaurants and retail stores have had already a profound impact. Many girls have been left with no choice but to turn to the sex trade. Some are engaging in physical contact while others are selling nude photos and videos to make money online. Generally, as waitresses and sales girls in malls and shops, they typically work part-time. As a result, they are not entitled to unemployment, no less healthcare. If they have no stable home-life to go back to, many are turning to the sex trade. Ironically, because of the massive loss of jobs, the potential client-base has also shrunk. At the same time, this is raising concerns for their safety as explained by the girl who is in the Sex Trade and explains in a TED Talk. The rising risks as outlined by Reuters have absolutely destroyed our civilization as we knew it. The homeless rate is rising alarmingly as people lost their jobs and have no money for any shelter. Some have been reduced to renting rooms in 1950s motels, but even that they are charging $35-$50 per day. I have warned that at week four, the average person will start to question what is going on and the response will be the attempt to shut down free speech. We are witnessing a wholesale rise in protests around the country after week four. At week six, we will begin to see rising violence and civil unrest. These elite climate change people who do not see the human suffering they are causing or the World Health Organization demanding we remain locked down without any regard to starvation or the rise in suicide is just unimaginable. They have no respect for human rights. They think they can suppress the people into submission, destroy their jobs, nationalize companies, and eliminate paper money to create a new type of green world order is even doable. Sorry, that just does not seem to be viable. The Russian and Chinese revolutions were made possible because of the massive poverty. In this case, this poverty is being inflicted rather than building upon an impoverished class that never tasted any normalcy of life. The girls who are being driven into the physical sex trade are going to be at greater risk. Once you make something illegal, you create a tax-free profit center and girls are at a greater risk of being abducted. The movie Taken, is a real live-practice. This is a rising risk that this pandemic has unleashed along with rising suicide and homeless because people have lost everything. These elites have created tremendous frustration for so many people to save 35,000 elderly who would have died of the flu anyway? Nice excuse. This is all about creating a new Green World Order. They don't have the guts to even allow a democratic vote. These elites pushing this lockdown cannot possibly be this stupid to pretend this is really about a virus to save 35,000 people. There is a broader agenda where there has been a merger of socialists and Climate Change advocates to accomplish particular goals. Even Microsoft has suddenly applied for a patent (WO / 2020/060606) for a cryptocurrency device attached to your body on March 26th, 2020 given the push to eliminate paper currency which even Mr.s Gates has addressed the G7 under the pretense this will empower women? Her vision is to reduce population and that empowers women not to have children. Does that mean she has no problem with the sex trade provided the use he husband's microchip to prevent pregnancy? Because of the burden of student loans, many are simply not in a position to even marry. The real shocking number is that 40% of millennials are still dependent on mom and dad. The number of kids still living with their parents into their 30s has reached a 75-year high coming in at a stunning 40%! The girls who do not have a stable home to rely on, have no employment, no chance of marrying, and this orchestrated pandemic has devastated their future. Nobody wants to address the social impact of this nonsense over a virus. Does anybody in government or the media even care anymore?
- 04/21/2020
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Update on the Manipulating the World Economy | Armstrong Economics
- The posting on eBay sold out in 15 minutes. This book is just unbelievable how it sells out all the time so fast. All that is left of the 3rd edition, 1600 copies, are being picked up by Amazon. Hopefully, they will be up for sale within a month. We are trying to push them ASAP. We suggest that as soon as it is posted, you log on and purchase it. Out of 5000 books for this edition, this is all that is left. After that, we will have to do the 4th edition. They just do not hang around long enough to even gather dust with the world economy collapsing as it has.
- 04/21/2020
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AOC Demonstrates Just How Ignorant She is About Economics As the World Turns to Protests | Armstrong Economics
- Our favorite entertainer in Congress, Alexandria Ocasio-Cortez (D-NY), on Monday deleted a message after she was criticized in which she cheered her New Green Deal in the light of the historic drop in oil prices as an opportunity to invest in "green infrastructure to save our planet." She thinks this will create new jobs without taking into consideration all the jobs that will be destroyed no less all the collapse in property from gas stations closing and airlines collapsing. She also never considered that we have food shortages already starting to appear because the lockdown has not merely prevented migrant workers from picking crops, but all the food which has begun to rot because shipping was also stopped by the lockdown. The collapse in oil prices will also result in greater tensions in the Middle East and the rise of civil unrest on a global scale. Even in Germany, the destruction of the political-financial system is critical. The losses to municipalities have forced Germany to reopen. Berlin, Hamburg, and Bremen have been pushed to the bring of absolute collapse as tax revenue collapses. We have just begun to see the damage unleashed on the world and as the numbers begin to emerge in May, the economic devastation will start to appear more shocking by the day. While Facebook is conspiring against the civil rights of the people, if they have acted on the request of anyone in government, they are liable for a Civil Rights action for damages in the billions. Protests are appearing as Socrates projected after week 4 and this will become more violent after week 6 by mid-May. The uprising is emerging across the country and governors are going to be in serious trouble come November. If they keep this up, they better beef-up their personal bodyguards for by mid-May, this is going to get ugly. The more entities like Google, Facebook, and Microsoft try to suppress protests, the great the frustration and higher the probability of serious violence erupting. Caesar - beware of the Edes of May!
- 04/20/2020
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Reopen Alabama rally draws small crowd in Huntsville
- Citing concerns about freedom, liberty and economic turmoil, a small group of protesters rallied in support of the Reopen Alabama movement.
- 04/20/2020
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Manipulating the World Economy – on eBay | Armstrong Economics
- We have only 180 copies here in Florida which can be mailed out immediately this week. The rest (1600 left) are in Pennsylvania which we intend to deliver to Amazon. It will probably take them a few more weeks to get them posted. But for now, we have 180 left here in Florida for our readers only. Please go to eBay to complete that transaction.
- 04/20/2020
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No, Americans Are Not Buying Crypto With Stimulus Checks
- Last week, Coinbase CEO, Brian Armstrong implied that Americans were using their stimulus checks to buy crypto. His reasoning centered around a spike in
- 04/20/2020
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Facebook Suppressing 1st Amendment & Human Rights Illegally | Armstrong Economics
- Facebook Inc said announced on Monday that it had removed events in Nebraska, New Jersey, and California promoting protests against stay-at-home measures amid the COVID-19 pandemic caused by the new coronavirus. Trying to suppress the First Amendment right to both Free Speech and the Right to Assemble to protest is warning that Facebook has entered a Stalinist attempt to suppress the people. Amendment I Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances. Facebook's actions are so anti-American it is just unimaginable how they have the audacity to take such actions. They are contributing to the collapse of civilization and take ZERO responsibility for their actions. In the end, all they will accomplish is a rise in violence by suppressing peaceful protests.
- 04/20/2020
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Market Talk – April 20, 2020 | Armstrong Economics
- ASIA: India has pitched for enhancing the emergency assistance of the National Development Bank to $10 billion from $1 billion. The issue was flagged by union finance minister Nirmala Sitharaman at the annual meeting of the board of governors of the National Development Bank (NDB) via video conference on Monday. NDB has so far approved $ 5 billion of financial assistance to BRICS (Brazil, Russia, India, China and South Africa) countries. The NDB was established by the BRICS countries in 2014 for the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries. India's central bank, Reserve Bank of India, cut its key deposit rate (reverse repo rate) by 25 basis points (bps) to 3.75% with immediate effect. This is the second time rate cut announced by the central bank in three weeks to discourage banks from parking idle funds and spur lending instead to revive a flagging economy amid the coronavirus lockdown. A Chinese embassy spokesperson said on Monday India's new rules for foreign investment violate WTO principles of non-discrimination and are against free and fair trade, potentially opening a new flashpoint in their uneasy ties. On Saturday, India stepped up scrutiny of investments from companies based in neighboring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. China's central bank has introduced a homegrown digital currency across four cities as part of a pilot program, marking a milestone on the path toward the first electronic payment system by a major central bank. Internal tests of the digital currency are being conducted in four large cities around China – Shenzhen, Suzhou, Chengdu and Xiong'an. The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began -- driven by a surge in infections among migrant workers -- even as rival financial hub Hong Kong reported no new cases. The city-state recorded 1,426 new cases on Monday, bringing the total number of Covid-19 infections to more than 8,000, according to a statement by the health ministry. The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 228.14 points or -1.15% to 19,669.12 Shanghai increased 14.06 points or 0.50% to 2,852.55 Hang Seng decreased 49.98 points or -0.21% to 24,330.02 ASX 200 decreased 134.50 points or -2.45% to 5,353.00 Kospi decreased 16.17 points or -0.84% to 1,898.36 SENSEX increased 59.28 points or 0.19% to 31,648.00 The major Asian currency markets had a green day today: AUDUSD increased 0.00072 or 0.11% to 0.63672 NZDUSD increased 0.00385 or 0.64% to 0.60609 USDJPY increased 0.17 or 0.15% to 107.69 USDCNY increased 0.00789 or 0.11% to 7.08495 Precious Metals: Gold increased 7.9 USD/t oz. or 0.47% to 1,692.40 Silver increased 0.11 USD/t. oz or 0.72% to 15.2940 Some economic news from last night: China: PBoC Loan Prime Rate decreased from 4.05% to 3.85% Japan: Exports (YoY) (Mar) decreased from -1.0% to -11.7% Imports (YoY) (Mar) increased from -13.9% to -5.0% Trade Balance (Mar) decreased from 1,108.8B to 4.9B New Zealand: CPI (QoQ) (Q1) increased from 0.5% to 0.8% CPI (YoY) (Q1) increased from 1.9% to 2.5% Some economic news from today: Indonesia： Foreign Direct Investment (YoY) (Q4) decreased from 17.80% to -9.20% Hong Kong： Unemployment Rate (Mar) increased from 3.70% to 4.20% EUROPE/EMEA: European major markets drifted up today with low volatility throughout the day. Problems still loom in Europe as Italy and Germany are not coming to terms with sufficient financing options. Friedrich Merz, who is likely to be next in line after Angela Merkel for the CDU party, was very critical of the Eurobonds that Italy had suggested, raising questions as to whether the EU project can survive. The Guardian reported that the EU gave Hungary, who has a sixth of the population of Italy, twice as many funds from the emergency relief funds which further angered the Italians. However, today Angela Merkel did announce that she is willing to finance a recovery through some sort of joint issuance of bonds. Germany today took steps to ease the lockdown as shops across the country began to open albeit with strict measures within shopping districts. The IMF in a recent interview with the BBC told the audience to be wary of the current economic forecasts as the reality could be a significantly larger drop in world economic growth. Kristalina Georgieva, managing director of the IMF, said this could be a global recession we have never seen before in our lifetimes. The United Arab Emirates is widening the scope of coronavirus testing to cover all citizens and residents across the Gulf nation. Total coronavirus cases are now at 7,265, including 43 deaths. The major Europe stock markets had a green day today: CAC 40 increased 29.29 points or 0.65% to 4,528.30 FTSE 100 increased 25.87 points, or 0.45% to 5,812.83 DAX 30 increased 50.12 points or 0.47% to 10,675.90 The major Europe currency markets had a mixed day today: EURUSD decreased 0.00019 or -0.02% to 1.08675 GBPUSD decreased 0.00107 or -0.09% to 1.24589 USDCHF increased 0.00177 or 0.18% to 0.96752 Some economic news from Europe today: UK: Rightmove House Price Index (MoM) decreased from 1.0% to -0.2% Germany: German PPI (YoY) (Mar) decreased from -0.1% to -0.8% German PPI (MoM) (Mar) decreased from -0.4% to -0.8% Euro Zone: Trade Balance (Feb) increased from 1.3B to 23.0B Current Account (Feb) increased from 31.8B to 40.2B Current Account n.s.a. (Feb) increased from 10.5B to 33.8B US/AMERICAS: The US Paycheck Protection Program (PPP) has come under harsh criticism as many claim it only benefits larger "small businesses," which the government controversially defined as any company with under 500 employees. In protest, Shake Shack and Union Square Hospitality Group announced plans to return their $10 million stimulus check this Monday. Representatives from the organization called the PPP "extremely confusing" and stated their organization has the liquidity to stay afloat, whereas smaller businesses do now. "If this act were written for small businesses, how is it possible that so many independent restaurants whose employees needed just as much help were unable to receive funding. We now know that the first phase of the PPP was underfunded, and many who need it most, haven't gotten any assistance," representatives for the group announced, further stating they have the capital to weather the slowdown while smaller businesses do not. Multiple analysts downgraded Disney's stock today, noting that the coronavirus has caused a near shutdown for many of the company's revenue sources including theme parks, movie theaters, sports, and retail. This news comes after Disney announced they are laying off 100,000 employees, and may not reopen theme parks until 2021. UBS analysts John Hodulik believes the company's advertising revenue will be affected as well and anticipates a drastically lower attendance to theme parks once they reopen. "[T]his business [is] less profitable until there is a widely available vaccine," Hodulik said. Brazil's President Jair Bolsonaro joined protestors in his country's capital this weekend to protest the current lockdown. This comes one week after the president fired his administration's health minister for supporting a prolonged quarantine. As of April 19, Brazil reported 38,654 cases and 2,462 deaths. US Market Closings: Dow declined 592.05 points or -2.44% to 23,650.44 S&P 500 declined 51.40 points or -1.79% to 2,823.16 Nasdaq declined 89.41% or -1.03% to 8,560.73 Russell 2000 declined 15.75 points or -1.28% to 1,213.35 Canada Market Closings: TSX Composite advanced 28.4 points or 0.20% to 14,388.28 TSX 60 advanced 0.13 of a point or 0.01% to 871.98 Brazil Market Closing: Bovespa declined 17.53 points or -0.02% to 78,972.76 ENERGY: The biggest story of the day has to be the dramatic fall of WTI oil. Over the weekend, there was news that there was an oversupply of WTI and storage facilities were totally full. Next, news emerged that there were many tankers being rented just to store oil. Then news emerged that WTI plunged to around 19 dollars, resting around 1 cent. However, latest prices have shown that the price in fact has gone negative with reports that producers are willing to actually pay buyers to take the oil, with the price going as far as -45 USD for the front month's futures contract! This is the first time in recorded history that crude has dropped into the negatives, far surpassing the 1986 low of $10.20 pb. The oil markets had a mixed day today: Crude Oil decreased 36.47 USD/BBL or -199.62% to -18.20 Brent decreased 2.35 USD/BBL or -8.37 % to 25.7300 Natural gas increased 0.103 USD/MMBtu or 5.85% to 1.8650 Gasoline decreased 0.0175 USD/GAL or -2.29% to 0.7482 Heating oil decreased 0.0626 USD/GAL or -6.32% to 0.9276 The above data was collected around 15.06 EST on Monday. Top commodity gainers: Wheat (2.10%), Cotton (2.18%), Natural Gas (5.85%), and Rice (0.83%) Top commodity losers: Crude Oil (-199.62%), Brent (-8.37%), Heating Oil (-6.32%), and Ethanol (-4.20%) The above data was collected around 15.06 EST on Monday. BONDS: Japan 0.03%(-0bp), US 2's 0.20% (-0bps), US 10's 0.64%(-2bps); US 30's 1.25%(-3bps), Bunds -0.45% (+3bp), France 0.08% (+5bp), Italy 1.98% (+19bp), Turkey 12.19% (-191bp), Greece 2.11% (-0bp), Portugal 1.07% (+9bp); Spain 0.92% (+10bp) and UK Gilts 0.34% (+4bp). US 3-Month Bill Auction decreased from 0.280% to 0.125% US 6-Month Bill Auction decreased from 0.290% to 0.145% French 3-Month BTF Auction increased from -0.476% to -0.451% French 6-Month BTF Auction increased from -0.445% to -0.414% French 12-Month BTF Auction increased from -0.431% to -0.388%
- 04/20/2020
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PRIVATE BLOG – Spot Oil Goes to ZERO | Armstrong Economics
- PRIVATE BLOG – Spot Oil Goes to ZERO Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/20/2020
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The Climate Change Conspiracy to Destroy & Rebuild the Economy in their Vision | Armstrong Economics
- The GCF wrote: "The COVID-19 pandemic and the global response required to stem it shows the importance of acting together to solve unparalleled threats to people and our planet. The far-reaching impacts of COVID-19 are a stark reminder of the catastrophic implications the world faces if we don't." Spot crude has fallen to ZERO because this lockdown has destroyed the economy from top to bottom. There is no place to store the oil and the Climate Change conspiracy against the world is jumping for joy. What they fail to understand is the cheap oil makes every other form of energy now TOO expensive. Their goal to reconstruct the economy without oil wiping out all the jobs in airlines and the auto industry for starters is going to unleash absolute civil unrest. If the governments DO NOT launch serious investigations into this deliberate destruction of the world economy to force the end of CO2, there will be revolutions as long as governments protect these people. Gates and his co-conspirators are such elitists that fail to comprehend how many people's lives, pensions, jobs, and healthcare have been wiped out all because of their obsession with CO2. He has admitted that there is no formula that if you lower CO2 to x you will get y temperature. There are plenty of studies that disagree with Gates. He refuses to even listen and assumes the effects will be bad, with no historical data whatsoever. There is NO formula to measure CO2 to predict the climate - PERIOD! Yet he has advocated destroying our economy to further his paranoia about Climate and has advocated reducing the population to achieve his goal. If a full-scale investigation is NOT launched, we are going to see untold civil unrest sweep the world. So many third world countries that depended on tourism have been wiped out. Reports are already coming in from places like the British Virgin Islands where they are seeking a 7% tax to try to wire money out of the country. We are facing a UNPRECENTED economic collapse on a grand scale without a full-blown investigation.
- 04/20/2020
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PRIVATE BLOG – Crude Oil Collapse | Armstrong Economics
- PRIVATE BLOG – Crude Oil Collapse Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
- 04/20/2020
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At Last – Gates' Objective is Reveal – Destroy Economy Relaunch without CO2 | Armstrong Economics
- SKY News Australia has reported the smoking gun. The UN-funded financial arm of the Paris Agreement has labeled the coronavirus an "opportunity" to raise funds for climate change action and "relaunch economies on low-emission, climate-resilient trajectories". The extraordinary statements have been published in a document by the Green Climate Fund – an international organization with a US$10.3 billion budget. I have warned that this entire destruction of the economy made no sense. Nobody in their right mind would do such a thing - except the Climate Change people who have been obsessed with CO2. We now know Bill Gates' true objective - Climate Change to crush the economy and relaunch without CO2. Oil prices have collapsed as the lockdown continues and they have sought to wipe out the auto industry. They have even shut down CO2 production needed for beer and soda. There will be shortages of those products now. What will the lower classes whose favorite drink is beer do when they realize that CO2 is needed for that production?
- 04/20/2020
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Trump Should Appoint A Special Prosecutor to Investgate Bill Gates | Armstrong Economics
- A petition to the White House calling for an investigation into Bill & Melinda Gate Foundation is absolutely NECESSARY!!!! Gates has taken a high profile on this demanding we remain locked down until everyone is vaccinated as he said on German TV. Even the CDC admits that the flu vaccine is at best 60% effective. Clearly, what Gates has been pushing would not be 100% guarantee either and then the flu vaccine has to be changed every year because viruses mutate. Everyone whose business has been harmed by this lockdown should sign this petition. Perhaps if enough people do so, Trump will see that this can even become a campaign issue and that alone would give any politicians ammunition for the political battle.
- 04/20/2020
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Why Cash Remains KING – Q&A | Armstrong Economics
- QUESTION #1: Dear Mr. Armstrong, I've been following your blog for quite a while, and have a Basic subscription to Socrates. Wish I could have been able to attend a WEC, but so far that's not been possible. Also wish I understood everything in Socrates so much better, but my old brain isn't what it used to be, even tho' I've learned a great deal. I'm 72, retired, with a small pension, SocSec, and interest/dividends from the stock market. My home is free and clear. Investments are mostly Corporate Fixed Income and Municipal Bonds (for tax advantages), and a few stocks. I'm not an active trader, and have taken about a 16% hit so far. Given that what I have is all I'll have for the future, what is the best I (and other seniors essentially on fixed incomes) can do to protect ourselves for these next few years? Wish I could just pull it all out in cash and bury it in the backyard, but that isn't a rational strategy, and likely not even do-able with the limits on cash withdrawals. I do have a fair amount of cash for "emergencies", but certainly not enough for the next 10 years. It seems like I need to do something, but what? Many thanks for all you do, SH ANSWER: Probably your greatest risk will be the Municipal Bonds. I know they love to say no munis defaulted during the Great Depression. The city of Detroit "suspended" all payments in 1937 and eventually repaid in 1963. This lockdown has been either the most stupid decision ever made by any politician, or they have been the puppets of the Climate Change Socialists whose dream it has been to shut down the economy, nationalize industry, to reduce CO2. Even Bill Gates TED Talk was all about how do we get to ZERO CO2. Because of this unbelievable wholesale destruction of the world economy, state, provincial, and local governments are going to be in major trouble. They cannot print money as can the Federal governments. They rely on taxes and these morons have shut down their local economies without even comprehending what they were doing to their local tax base. They cannot pay pensions without current revenue. They will try to raise taxes and will find revolts and people who will be unable to pay because they lost their job, probably healthcare insurance that went with that, and all their various loans from cars and mortgages, etc. As far as corporate debt, stay away from consumer-oriented companies such as retail sales with brick & motor establishments. Take Neiman Marcus, for example, their biggest shareholder in the Canadian pension system CPPIB. Keeping gold in safe deposit boxes will be risky. We have already witnessed some European banks using the virus as a justification to deny access. You then must provide the reason for your access and what you intend to take out. Remember that when gold was confiscated, it was whatever was on deposit in banks. They did not go door to door. QUESTION #2: Marty I'm based in UK and have been reading your posts for a while about Central banks and the collapse of Europe. I have recently retired and am holding funds in cash in Banks and also have a deposit box with a bit of gold. I have 2 investment properties with mortgages. Would you recommend that I use my cash and repay the mortgages and withdraw the box as u were talking about banks confiscating gold. Very worried about the future. Thank you K ANSWER: Do not pay off the mortgages. Keep the cash. Be very careful about leaving gold or cash in a bank safe deposit box. Banks will not be trustworthy at this point. The governments can decree to seal all such boxes and they will do that in a split second. COMMENT #3: Marty, Good morning. Been keeping an eye on things and also making analyses and forecasts. If this was a casino with sports betting odds, the Dark Age would be seeing better odds daily at a rapidly increasing rate and would soon be among the favorites, if not the odds on favorite. Hope all is well in your area. Best, E ANSWER: I am always amazed when Socrates makes such a bold forecast and I personally cannot find the words to articulate it. I wrote the report How Empires Nations & City-States Fall? The Dark Age Cycle and priced that at $29.50 for the average person because it was important to understand what makes such events unfold. I would have to confess, I underestimated the Climate Change contingent. They have persuaded many at the upper echelon of power and flipped even the wealthy into feeling guilty that they have so much to support this all-out assault on shutting down the world economy. I have inside knowledge that members were told to sell all stocks and bonds in January. They picked their favorites to protect. I never imaged that the could shut down the world economy like this so fast. They have openly destroyed Capital Formation and have hurled society toward war and that certainly now raises the stake for a Dark Age coming post-2032. They have won. They are destroying civilization to save the planet. Nobody will bother to investigate - the question is WHY?
- 04/20/2020
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TX Amarillo TX Zone Forecast
- TX Amarillo TX Zone Forecast for Sunday, April 19, 2020 _____ 709 FPUS54 KAMA 200918 ZFPAMA Zone Forecast Product for The Texas and Oklahoma Panhandles National Weather Service Amarillo TX 418 AM CDT Mon Apr 20 2020 TXZ012-017-210130- Potter-Randall- Including the cities of Amarillo and Canyon 418 AM CDT Mon Apr 20 2020 .TODAY...Mostly cloudy. Patchy fog in the morning. Highs in the mid 70s. South winds around 5 mph shifting to the west around 5 mph in the afternoon. .TONIGHT...Mostly cloudy with a slight chance of showers and thunderstorms in the evening, then partly cloudy with patchy drizzle after midnight. Patchy fog after midnight. Lows in the upper 40s. East winds 5 to 10 mph. Chance of precipitation 20 percent. .TUESDAY...Mostly cloudy. Patchy fog in the morning. Slight chance of rain showers, thunderstorms and patchy drizzle in the morning, then a chance of showers and thunderstorms in the afternoon. Highs in the mid 70s. Southeast winds 10 to 15 mph. Chance of precipitation 50 percent. .TUESDAY NIGHT...Mostly cloudy with a 50 percent chance of showers and thunderstorms. Lows in the upper 40s. Southeast winds 10 to 15 mph shifting to the north 5 to 10 mph after midnight. .WEDNESDAY...Partly cloudy with a 20 percent chance of showers and thunderstorms. Highs in the lower 70s. North winds 10 to 15 mph. .WEDNESDAY NIGHT...Mostly clear. Lows in the mid 40s. .THURSDAY...Mostly sunny. Highs in the lower 80s. .THURSDAY NIGHT...Mostly cloudy in the evening then becoming partly cloudy. Lows in the mid 40s. .FRIDAY...Mostly sunny. Highs around 70. .FRIDAY NIGHT...Partly...
- 04/20/2020
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Is it Time for a Class-Action Lawsuit Against the World Health Organization? | Armstrong Economics
- I have never seen such absolute rhetoric coming out of such an organization that is supposed to be impartial as that from the World Health Organization. All of their predictions have been dead WRONG. It is curious how they support Bill Gates and we should remain locked-down until we are all vaccinated and tested. The tests to see if you have COVID-19 have at least a false positive result of 5% if not higher. Now they have the audacity to come out and say that Britain should keep its people in prison and destroy its economy because the test to see if the people are immune is not reliable? This is not a virus that is any more lethal than the flu. We do not lock down the world economy ever flu season. What is their real agenda here? The Gates proposal that everything in the world must be vaccinated because the world economy can return to normal? I find this extremely arrogant for most countries do not have unemployment benefits. Many countries are highly dependent upon tourism like many islands, Thailand, and South Pacific not to mention Greece, Italy, and Spain. Those people are going to be waiting in lines for soup kitchens in third world countries. There should be a major class-action lawsuit brought against the WHO which can expand thereafter with subpoena power to see who they have been conspiring with. It is time to do something that politicians are unwilling to do because perhaps it might involve them as well. The United Nations is not a sovereign government and should have no immunity. PS - do not sue them in New York City. That is probably the most corrupt federal court.
- 04/20/2020
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Trump Blaming China Without Investing the West? | Armstrong Economics
- QUESTION: Mr. Armstrong; Do you disagree with Trump blaming China for this virus leaking from their lab? HB ANSWER: I do not care if it was a mistaken leak from China's lab or it was sent here by aliens intending to invade the planet. The source is irrelevant. There are also conspiracy theories that it was created and planted by Bill Gates since he has been the one person to gain so much from this fiasco. Since the World population is estimated to reach 7.58 billion and Gates' companies got $10 per vaccine that would be twice his fortune. But in fact, they usually get $50 or more per flu shot. That would mean vaccines would cost almost $400 billion for just one. Why stop there. There are numerous viruses. The blame belongs in the West and how did we allow the WHO and Imperial College's Neil Ferguson to put out false information that there would not be enough bed space to warrant locking down the entire world economy destroying people's livelihoods and pushing people in many areas toward starvation. This has been INTENTIONALLY exaggerated and used as a power-play in a far too well-organized manner. This attempt to blame some lab in China for the actions that have taken place in the political circles in the West right down to the push for digital currencies is way too convenient. Blaming China's lab is a distraction so we do not look at what has been done politically at the drop of a dime. I do NOT support Trump with the blame game. We should have a public investigation of all the players from Bill Gates, the WHO, which elites sold all stocks and bonds and where did those tips come from. How about we start there. This coronavirus scare has been deliberately exploited as a power grab and NO lab in China would be responsible for the political actions right in our backyard.
- 04/20/2020
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Armstrong World Industries (AWI) Set to Announce Quarterly Earnings on Monday
- Armstrong World Industries (NYSE:AWI) is scheduled to issue its quarterly earnings data before the market opens on Monday, April 27th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Armstrong World Industries has set its FY 2020 Pre-Market guidance at EPS.Parties that are interested in participating in the company’s conference […]
- 04/20/2020
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