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Tesla Gets DHL Deal
Tesla Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. It operates primarily in the United States, China, Norway and internationally. Tesla Inc., formerly known as Tesla Motors Inc., is headquartered in Palo Alto, California. We have followed Tesla for a while now, interested by their battery technology and space program, but not so sanguine about their car business, their so-called “hyperloop,” or their promises vis-a-vis self-driving vehicles. Lately, we have had the uncomfortable nagging sense that the company puts out press releases designed to foster hype, light... -
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Dexcom Rises After UnitedHealth Announces Partnership
Shares of Dexcom (DXCM) are higher today after UnitedHealth (UNH) announced at its investor conference this morning that it is partnering with the company to advance Dexcom’s “smarter, less invasive way of continually monitoring blood glucose throughout the day.” Optum plans on enrolling nearly 10,000 participants in a pilot in the next few months, UnitedHealth announced during its event. Via the test program, participants will use their smartphones to see realtime glucose readings, UnitedHealth Group will receive all this information wirelessly, and all that data will also be fed back to the participants’ primary care... -
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Large Caps (Financials) Make The Jump Against Tech
In the end, it wasn’t Tech to surprise with an acceleration past its bullish rising channel but the S&P and Dow with fresh breakouts. A confluence of positive data fueled the advance in Large Caps along with a dollop of short covering. Tuesday’s action ranks as a breakout in this indices and brings into play new support levels should profit-takers come in to take advantage of the gains. The only downside for the S&P was the continued downtrend in relative performance against Small Caps – suggesting the real money is flowing into more speculative issues. The Dow managed a more traditional breakout but gains were not... -
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The Newest Fans Of Cybersecurity Investing
What problems keep the leader of the world’s largest mutual fund family up at night? According to Tim Buckley, the incoming CEO at Vanguard, there’s one concern above all others: Cybersecurity and the chance of getting hacked. With $4.7 trillion in assets and millions of account holders, no doubt the company is a juicy target. As Buckley told an investment conference recently: “It is front of mind all the time. It’s a huge investment for us. You have to make sure you have defense in depth, making sure you have a strong perimeter.” And no wonder, since cybersecurity is about to become an even bigger consideration for nearly every fi... -
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Global Asset Allocation Update – Tuesday, November 28
There is no change to the risk budget this month. For the moderate risk investor, the allocation to bonds is 50%, risk assets 45% and cash 5%. The extreme overbought condition of the US stock market did not correct since the last update and so I will continue to hold a modest amount of cash. Prediction is very difficult, especially about the future… Niels Bohr Every time I see that quote I think to myself, “but that won’t stop Wall Street from trying”. I’ve been asked repeatedly recently whether Congress will pass tax reform and my stock answer is always that I have no idea. On a financial channel this morning I heard a reporter say... -
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Nasdaq Speculators Grow More Cautious
Equities continue to reach record highs once again despite cautious positioning trend by speculators. The US dollar continues to underperform amid falling yield differentials and a growing concern of a flatter yield curve. Meanwhile, short-term momentum traders continue to fight USD weakness, while speculators increase bets in the euro, pound, treasuries, gold and oil. The Japanese yen quietly edged higher last week, extending its recent recovery off yearly lows (vs a trade-weighted basket of currencies). Speculative futures sentiment by large traders in the latest COT report slightly backed off the largest net short position for the year. Th... -
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Capitalizing Potential
A massive amount of stock market capitalization is tied up in companies based on both their potential market share and hypothetical future profits. The popular arguments in their favor come from looking at a company’s total addressable market (TAM). Sky high price-to-earnings ratios and massive capitalizations are common in companies with a large TAM as we finish up 2017. We thought this would be a good time to delve into the concept. What is a TAM? Why is it so popular in today’s stock market? Are there realistic business arenas where the long duration value manager can invest based on total addressable markets that are in the early stag... -
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To The Moon! Natural Gas Rallied More Than Bitcoin (For Once)
Today we take a look at an asset that rallied almost 5% day-over-day. No, not Bitcoin (which as we are writing this is up just 3.7%), but natural gas, which is finally realizing long-range cold weather risks. The December natural gas contract went off the board today after a massive jump. The result was a significant rally all along the natural gas strip. Additionally, for the sixth year in a row, that Z/F spread narrowed on Z (December) expiry day, though this year the narrowing was more significant than it has been as weather provided a further catalyst. This rally has been fitting with a number of our more recent expectations. Our We... -
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Stocks And Precious Metals Charts – Twilight Of The Gods
Know well whom and what it is that you serve, for that is whom you will love, and eventually become. I will be leaving a bit early today to take Dolly to the veterinarian for her annual checkup. The markets were rising steadily on the questioning of the new Fed chairman Jay Powell, and on the stiff action by President Trump to diminish the Consumer Financial Protection Bureau, which is a thorn in the side of the Banks. Financial stocks were certainly responding positively to this. But the news later came out that North Korea has fired another missile, as reported by the Japanese Coast Guard, and later confirmed by the US military, and stocks ... -
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Financials Drive S&P Past Weekly Expected Move
Stocks hit new all-time highs today settling right at the upper level of the expected move. Led by a big day with financials on news that the tax cut bill moved one step forward to passing. Video Length: 00:08:58...
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