Shares of homebuilding companies including PulteGroup (PHM), Lennar Corporation (LEN), and Toll Brothers (TOL) are falling in the midst of a strong broader market rally new tariffs by the Trump administration on Canadian softwood lumber imports will raise costs. SOFTWOOD LUMBER FROM CANADA: Monday, U.S. Secretary of Commerce Wilbur Ross announced the preliminary determination in the countervailing duty or CVD investigation of softwood lumber from Canada. Commerce preliminarily determined that exporters of softwood lumber from Canada received countervailable subsidies of 3.02% to 24.12%.The CVD law provides U.S. businesses and workers with an ...
All my bullish swing trading setups to follow this week Bulls are back to being in full control of this market. We got today what we haven’t gotten in a long time from the market and that is follow through. Follow through from a previous day’s rally. Follow through on a break through a key resistance level. Follow through, follow through, follow through. If there is a chart out there after the past two days that is still sporting a bearish chart. Dump it! Dump it fast, because any stock that can’t rally when then market has popped 40 points on the S&P 500, is a sign that the stock is going nowhere. I’ve scou...
Today’s data visualization comes from Datashown, and it compares the world’s largest companies by their 2016 revenues to really help put the size and scale of these companies into perspective. As just one example, despite being worth more than the majority of brick and mortar retailers combined, Amazon ranks just #44 in terms of global revenue to barely crack the list. If Amazon is a “small fry”, then what kind of massive conglomerates populate the list? FLYING UNDER THE RADAR While familiar global oil firms and massive banks make up a good portion of the companies on the list, there are also many companies in China and Europe that ...
A 4%+ dividend yield is hard to find in the technology sector, which makes Qualcomm (QCOM) that much more appealing. Qualcomm stock possesses the rare combination of a high dividend yield, along with high dividend growth as well. It recently raised its dividend by 7.5%, which pushed its dividend yield up to 4.3%. Qualcomm is a Dividend Achiever, a group of 265 stocks with 10+ years of consecutive dividend increases. The stock has been dragged down by a negative news flow. It has lost nearly 20% of its value year-to-date. But long-term investors should not be swayed. Qualcomm remains a high-quality company, with a strong industry position, ...
Silver Daily Technical Outlook: Earlier in the month we highlighted the threat of a near-term turnover in silver prices with key support noted at 17.50. Since then, prices are down nearly 3% with today’s low (so far) Registering at 17.53. Note that the decline will have marked its 7th consecutive daily decline if we were to close at these levels, and while that’s not a reason to get bullish, prices are coming into an area of support and may limit the downside near-term. Silver 240min Notes: A closer look at price action further highlights this near-term support confluence at 17.52– this level now also converges on the 6...
BioSig Technologies, Inc. (BSGM) provided an update for investors via a Shareholder Letter posted on the company’s website this morning. The letter highlights some of the recent positive developments for the company, including the collaboration with Mayo Clinic and the recent $5.0 million financing. I am optimistic about the future of BioSig and PURE EP™, a novel surface electrocardiogram (EKG) and intracardiac multichannel recording and analysis system. Collaboration With Mayo On March 23, 2017, BioSig announced it has signed a ten-year strategic agreement with a team of Mayo Clinic physicians. This new, expanded collaboration bui...
Remember China? It’s a big country that’s somewhere near Sweden I think. No but seriously, people have seemingly forgotten those tense mornings in the dog days of summer 2015 when the authorities in Beijing were forced to suspend trading in some stocks and buy others via the now infamous “national team” as a truly epic unwind in a half-dozen backdoor margin lending channels abruptly burst the country’s equity market miracle. No sooner had everyone calmed down from that debacle than the PBoC devalued the yuan and threw global markets into turmoil. After that, all anyone wanted to talk about was China’s controlled deval and the tol...
Grainger (GWW) has seen its stock price slide by more than 20% since early February, catching the attention of many value-focused dividend growth investors. After all, it’s rare to see such a high quality business tumble so quickly, and one of the most effective habits of dividend investing is to let market volatility work for you. With 45 consecutive years of dividend increases, Grainger is particularly notable because it is one of the dividend aristocrats. You can learn more about all of the aristocrats here. Despite Grainger’s impressive long-term track record, the company’s past success doesn’t necessarily mean the future will ...
The Trump Administration has switched gears. During the campaign through the inauguration, Trump picked on Mexico. The rhetoric and threats drove the peso to record lows. By the OECD’s calculation the peso more than 150% undervalued. The re-opening of NAFTA negotiations was supposed to be aimed more at Mexico than Canada. Sentiment turned about the peso. The central bank hiked rates and changed their intervention tactics so it would not drain reserves. Since January 11, the peso has appreciated by more than 15.5% after pulling back nearly one percent this week. It turns out despite insisting that Mexico will pay for the border ...