The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, decreased 15% in May as stocks sold off in both markets. This marks the worst performing month for the North American Marijuana Index since December 2015. The North American Marijuana Index is a combination of the U.S. Marijuana Index and the Canadian Marijuana Index. U.S. Marijuana Index The U.S. Marijuana Index decreased 15% in May, with 17 of its 20 constituents posting losses for the month. The broader U.S. market saw mixed results with the Dow Jones Industrial Average relatively unchanged with a 0.3% gain and the Russe...
I’ve said this before and I’ll say it again: if you’re a retail investor and you’re long high yield through popular ETFs, it’s probably not a good sign when you see the pros increasingly expressing their own longs via CDS while simultaneously shorting the ETFs you’re in. And that’s exactly what looks to be going on in HY right now. No one wants to miss out on the last few basis points of spread compression but at the same time, no one wants to end up getting stuck long in illiquid cash markets when the tide finally turns. So they’re selling protection on the most liquid thing they can find (i.e. hoping to squeeze a little but...
Food stocks can often make excellent long-term dividend growth investments, thanks to the highly defensive nature of their businesses. After all, everyone has to eat no matter what the economy or interest rates are doing. This is why many well-known food blue chips are among the list of dividend aristocrats and dividend kings, which have track records of 25+ and 50+ years of consecutive annual dividend growth, respectively. Among food stocks, B&G Foods’ (BGS) 4.6% yield is one the highest dividends you can find. Even better, the company has grown its dividend at a double-digit pace in recent years and has potential for 7% to 8% annua...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CHF(4X) followed by the EUR(2X). The weaker currencies are the AUD(4X) followed by the CAD(3X) followed. A nice combination for coming week may be e.g: AUD/CHF with the EUR/CAD CAD/CHF with the EUR/AUD Ranking and Rating list Analysis based on TA charts for all the major currency pairs. Every week the Forex ranking rating list will be prepared for the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set. For analyzing the best pairs to trade looking from a ...
Where is 2017 going? I can’t believe we’re already knocking on the door of summer. I guess the older we get the faster time seems to fly by. That point just illustrates to me the importance of staying invested in the market no matter what crazy headlines are being written nor what events transpire around the world. Time is the one finite commodity that we can never get more of, so why not always keep your money in the trusted hands of stellar dividend paying stocks and use that time to your compounding advantage? With the month of June already underway, it is time, once again, to outline my potential stock buys for the month. With the mar...
Stocks and bonds explode higher together on Friday’s disappointing jobs report. In this weekend’s crucial market update we look at how inefficiencies in the market are causing the markets to explode higher. Watch this video as I share the opportunities and pitfalls to watch out for in the upcoming week....
Fundamental Forecast for CNH: Neutral Yuan Soared to 7-Month High – What’s Next? Politics Drives Dollar-Yuan Reversal, What Gets Risk Back on Track? The USD/CNH broke Yuan Soared to 7-Month High – What’s Next? (resistance for the Yuan) this week, amid tightened Yuan liquidity in the offshore market. HIBOR O/N, Yuan’s borrowing cost in Hong Kong’s interbank market, soared to 42.8% on June 1st, the highest level since January. On Friday, the tightened condition was eased, with HIBOR O/N falling to 8.7%; yet, this is still considerable higher than 3.4%, the average rate over the past 12 months. Next week, Yuan’s fundin...
HEADLINES: +138,000 jobs added U3 unemployment rate down -0.1% from 4.4% to 4.3% U6 underemployment rate down -0.2% from 8.6% to 8.4% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: down -146,000 from 5.707 million to 5.561 million Part time for economic reasons: down -53,000 from 5.272 million to 5.219 million Employment/population ratio ages 25-54: down -0.2% from 78.6% to 78.4% Average Weekly Earnings for Production and Nonsupervisory Personnel: up $.03 from $21.97 to $22.00,up +2.5% YoY.(Note: you may be reading different information about wa...
Dipping back from rarefied air the market has probed, during weeks of a grind that finally made it by ‘grinding’ gradually then probing into the historic stratospheric levels we are now at, remains a prospect ahead of mid-month. However, first we have to address the reactions from the FOMC meeting just ahead, which handily could see a reluctant rate hike given sloppy economic conditions (and mediocre jobs data not to mention slow GDP growth). What they may do is hike rates and then accompany that with a dovish statement; although if so, then the market may selloff; catch shorts yet again; and take it to new highs, providing S&...
When most investors think of buying oil stocks, the U.S. majors like Exxon Mobil (XOM) and Chevron (CVX) typically come to mind. And while Exxon Mobil and Chevron are both Dividend Aristocrats with great balance sheets, investors can earn significantly higher dividends by looking overseas. For example, U.K. based energy giant BP (BP) has a 6.7% dividend yield. This compares favorably to its peers such as Exxon Mobil and Chevron, which have dividend yields of 3.9% and 4.2%, respectively. BP is one of 295 stocks with a 5%+ dividend yield. You can see the full list of established 5%+ yielding stocks by clicking here. Of course, a high divide...