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  • Finance 0

    Dorsey’s Duo Not So Bad

    Twitter (TWTR) CEO Jack Dorsey takes a lot of heat for the company’s weak performance, especially since he’s juggling the running of two multi-billion dollar companies at the same time. Along with running Twitter, Dorsey is the CEO of Square (SQ) as well. But you don’t hear people talk about how well Square is doing nearly as much as you hear people talk about how poorly Twitter is doing. If you combine the performance of both companies, Dorsey is doing just fine. (Don’t tell that to Twitter shareholders!) As shown below, while Twitter (TWTR) is down 30% from its IPO back in late 2013, Square (SQ) is now up 263% since its IPO in late ...
    On October 18, 2017 / By
  • Finance 0

    United Airlines Flat After Earnings Beat

    CNBC’s Phil LeBeau reports on the quarterly earnings for United Airlines....
    On October 18, 2017 / By
  • Finance 0

    Market Talk – Wednesday, October 18

    Even though we saw yet another strong day for US markets, for Asia it was more steady as she goes rather than running away with itself. With the Chinese Party conference just underway, many will be looking for headlines to set the next stage of the markets. The currency will set the agenda with stocks following close behind. The Yen had a weak day (-0.7%) pushing the 113 figure change due both to Japanese uncertainty but also to US Dollar strength. The Nikkei closed higher but at +0.15% was not really much to write home about, exporters lead the trend. Shanghai performed slightly better (+0.3%) with the Hang Seng lagging a little behind (+0.5...
    On October 18, 2017 / By
  • Finance 0

    Internal Rotation For Equities And A VXX Play

    (Audio length 00:09:46) With Amazon and Apple down today and the market up this is a good example of internal rotation in the markets. Rick Ackerman provides his thoughts on why this rotation continues. We also relate the ultra-low volatility and Rick shares a trade in the VXX that he is watching....
    On October 18, 2017 / By
  • Finance 0

    Stocks And Precious Metals Charts – Lofty Valuations – Stock Option Expiration On Friday

    There will be a stock options expiration for October on this Friday. The touts are talking up stocks this week. I’ll take that as a good sign to take profits out of equities if you have them. We are nearing what is likely to be at least a short term top. The bullish argument is that the Fed will keep supplying easy money to Wall Street, and they and their minions will keep piling into stocks because they have no other choice. That is sounding a bit tired at this point. Never forget what Pam and Russ Martens said above.We were all there watching it. We know what happened, not only from the news but our own personal experiences.The myth m...
    On October 18, 2017 / By
  • Finance 0

    The Democracy Of The Marketplace

    Adapted from Planning for Freedom by Ludwig von Mises. The consumers by their buying and abstention from buying elect the entrepreneurs in a daily repeated plebiscite as it were. They determine who should own and who not, and how much each owner should own. As is the case with all acts of choosing a person — choosing holders of public office, employees, friends, or a consort — the decision of the consumers is made on the ground of experience and thus necessarily always refers to the past. There is no experience of the future. The ballot of the market elevates those who in the immediate past have best served the consumers. However, the c...
    On October 18, 2017 / By
  • Finance 0

    Agriculture Markets Report – Wednesday, October 18

    Video length: 00:11:16...
    On October 18, 2017 / By
  • Finance 0

    Recession Watch, October 2017

    Where do we stand? Here’s the official GDP series and two monthly series. Figure 1: Real GDP in bn. Ch2009$ SAAR, from third release (blue bar), Macroeconomic Advisers (green), e-forecasting (red), GDPNow (dark blue bold line). Source: BEA, Macroeconomic Advisers (28 September), e-forecasting (18 October), Atlanta Fed GDPNow (13 October). Note that the decline in monthly GDP as calculated by e-forecasting starts in August, before Hurricanes Irma and Harvey. Of course, these monthly series are subject to large revisions, so it’s advisable to downweight such a movement. In addition, the Atlanta Fed’s GDPNow suggests continued growth in ...
    On October 18, 2017 / By
  • Finance 0

    IBM Starts The Dow Rotation; Tech Next?

    Video length: 00:09:11 IBM led the Dow Jones higher today. In tonight’s video update we look at which tech stocks are the next opportunity for the rotation game. Watch this video to find out…...
    On October 18, 2017 / By
  • Finance 0

    American Express CEO Ken Chenault Is Retiring

    Despite credit card giant American Express reporting another round of solid quarterly earnings, with revenue of $8.40bn beating expectations of $8.19bn, and generating EPS of $1.50, also above the $1.48 expected, and boosting its profit guidance for good measure, now projecting full-year EPS of $5.80 to $5.90, up from $5.60 to $5.80 (above the consensus estimate of $5.75), AXP stock initially spiked, then immediately slumped back to unchanged, following news that the company’s CEO since 2001, Ken Chenault, is retiring effective February 1, 2018. The unexpected departure prompted Warren Buffett, the company’s largest shareholder, t...
    On October 18, 2017 / By