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  • Finance 0

    Stocks Going Ex Dividend The First Week Of May

    Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid the technique during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date. The actual dividend may ...
    On April 26, 2017 / By
  • Finance 0

    EUR: Dip Buying Is The Way To Go – Two Opinions

    The euro is on a roll following the French elections and hopes for a more upbeat ECB tomorrow. What does this mean? Here are two banks suggesting buying dips in EUR/USD and EUR/JPY: Here is their view, courtesy of eFXnews: EUR: Investors Shifting To A Buy-The-Dip Strategy: Levels & Targets – ING ING FX Strategy Research argues that investors are likely shifting to a ‘buy-the-dip’ strategy in EUR/USD even if the expectations of US fiscal policy could limit further upside in the near-term. In that regard, ING thinks that a dip in EUR/USD into the 1.0740-80 region looks a buy targeting 1.12/13 into June. ING also recommends long ...
    On April 26, 2017 / By
  • Finance 0

    Why CSI Compressco LP’s 50% Distribution Cut Didn’t Have To Be A Surprise

    CSI Compressco LP (CCLP) surprised many income investors last week when it announced a 50% cut to its distribution, sending its stock price tumbling by nearly 20%. The company has been in business for more than 45 years and paid steady dividends until 2016, adding to the surprise and disappointment. However, CSI Compressco was sending off a number of warning signals well in advance of its dividend cut. Let’s take a closer look at the business and learn how income investors can avoid painful situations like these in the future and stay focused on safe high dividend stocks instead. Business Overview CSI Compressco provides compression se...
    On April 26, 2017 / By
  • Finance 0

    U.S. Steel Plunges 19% On Q1 Earnings, Revenue Miss

    United States Steel Corp. (X – Free Report) released its first quarter fiscal 2017 financial results, posting earnings of a loss of 83 cents per share and revenues of $2.73. billion. Currently, X is a Zacks Rank #1 (Strong Buy), and is down 19.45% to $25.06 per share in trading shortly after its earnings report was released. Missed earnings estimates. The company posted earnings of a loss of 83 cents per share, missing the Zacks Consensus Estimate of 30 cents per share. This number excludes 20 cents from non-recurring items. Missed revenue estimates. The company saw revenue figures of $2.73 billion, lagging behind our consensus esti...
    On April 26, 2017 / By
  • Finance 0

    Sensex Crosses 30,000-Mark; Wipro Gains 3.3% On Q4 Results

    Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.34%, while the Hang Seng is up 0.61%. The Nikkei 225 is trading higher by 0.79%. US equities rose sharply on Tuesday as solid quarterly reports from several large-cap companies rolled through. Meanwhile, share markets in India have opened the day on a firm note tracking global cues. The BSE Sensex is trading up by 86 points while the NSE Nifty is trading up by 30 points. The BSE Mid Cap index and BSE Small Cap index have opened the day up by 0.3% & 0.5% respectively. All the sectoral indices have opened the day i...
    On April 26, 2017 / By
  • Finance 0

    Mish Monthly Macro Video April 2017

    Once a month I get together with Gordon Long for a videocast of the month’s hot news topics. This month we discussed the French election, Target2, and European politics. Video Length – 00:17:09...
    On April 26, 2017 / By
  • Finance 0

    The Housing Bubble Is Back

    Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages. But now he’s back to being happily swamped because instead of refinancing, everyone is buying — often, he says, for above the asking price. A couple of days later my wife and I were at a slide show put on by friends just back from New Zealand. They’d heard that a neighbor was thinking about selling his house and on an impulse made him an offer. He accepted, and our friends became instant homeowners. The very next day my wife’s father ca...
    On April 26, 2017 / By
  • Finance 0

    Oh Canada

    Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 232 = 20,996 SPX + 14 = 2388 NAS + 41 = 6,025 RUT + 13 = 1411 10 Y + .05 = 2.33% OIL + .13 = 49.36 GOLD – 12.00 = 1265.00 This has been a very strong start to the week. The Dow Industrial Average has added about 460 points in the past two sessions and traded above 21,000. The S&P 500 has gained about 40 points. Both the Dow and the S&P are now back above their 50-day moving averages. The Nasdaq Composite broke through 6,000 for a record high. To put this in perspective, the Nasdaq broke above the 5,000 milestone on March 9, 2000 – 17 years ago. ...
    On April 26, 2017 / By
  • Finance 0

    Panera Bread Posts Q1 Earnings Miss, Revenue Beat

    Panera Bread Co. (PNRA – Free Report) released its financial results for first quarter of 2017, posting earnings of $1.83 earnings per share and revenues of $727.6 million. Currently, Panera is a Zacks Rank #3 (Hold) and is down 0.11% to $313.72 per share in trading shortly after its earnings report was released. Missed earnings estimates. The company posted earnings of $1.83 per share, missing the Zacks Consensus Estimate of $1.84 earnings per share. This number excludes 5 cents from non-recurring items. Beat revenue estimates. The company saw revenue figures of $727.6 million, topping our consensus estimate of $718 million. Digital ...
    On April 26, 2017 / By
  • Finance 0

    Biotechs Running Again: Life Science Stocks

    XBI up 19.2% YTD Q1 Earnings Can Pivot Sector: Biogen Up Today on Earnings and Revenue Beat  Biotechs are running again taking the cue from Nasdaq which is up 3.44% in April after a brief mid-month sell-off. Biotech stocks rallied from global macro concerns which has dampened investor enthusiasm over the past two months. Political risks overwhelmed sentiment last week with the Trump agenda delayed, North Korea war talk, and the persistent malaise in Syria and the Middle East. But with Emmanuel Macron, a centrist candidate winning the first round of the French Presidential election investors found a way out of the gloom and bought stocks ...
    On April 25, 2017 / By