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Finance 0
Tax Cuts And Healthcare Reform Coming Soon?
The stock market was down modestly on Friday as the S&P 500 remained within the recent trading range it has been in. The bulls have prevented a 5% correction, but the market hasn’t made a new closing high since March 1st. The pace the market was rallying at earlier in the year was unsustainable. There was always very little chance the market would rally +25% this year given how expensive valuations started the year at. The bulls will describe the latest action as a sideways correction, while bears will say it’s part of the topping process. While the market is expensive and economic growth is barely existent, the bulls had positive fis... -
Finance 0
AUD/USD: Trading The Australian CPI
Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 1:30 GMT. Indicator Background Analysts consider CPI one of the most important economic indicators, and an unexpected reading from Australian CPI can quickly affect the direction of AUD/USD. CPI dropped to 0.5% in Q4, missing the estimate of 0.7%. The forecast for Q1 is expected to edge up to 0.6%. Sentiments and levels T... -
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Alcoa Inc. Shares Rise On Earnings Beat, T-Mobile Us Inc. Falls
Alcoa and T-Mobile released their latest earnings reports after closing bell tonight. Alcoa posted adjusted earnings of 63 cents per share on $2.7 billion in revenue, compared to the analyst estimate of 53 cents per share. T-Mobile reported earnings of 80 cents per share on $9.6 billion in revenue, compared to the Wall Street estimates of 34 cents per share and $9.6 billion in revenue. Alcoa shares rise By Alcoa (http://www.brandsoftheworld.com) [Public domain], via Wikimedia Commons Alcoa swung to profit in the first quarter with net income of $225 million or $1.21 per share in earnings, compared to the year-ago quarter’s GAAP losses of $... -
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Should Investors Let The Speculators Play Their Games Today?
Now that I am an honored member of the “gray-beard club” of investment managers, I can reminisce fondly back to the time when I first entered this business and began learning my trade with the utmost confidence of the “cute, fuzzy, teddy bear” youngster I was. I would like to share with you some thoughts of a few other “gray-beards,” but first I am going to share with you the story of “The Great Winfield” from Adam Smith’s The Money Game, first published in 1967. The story is a little long, but it is a very enjoyable and worthwhile read. “My boy,” said the Great Winfield over the phone. “Our tr... -
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Breaking Down The Two-Stage Dividend Discount Model For Beginners
Dividends are the best friend an investor has. They are the gift that keeps on giving and finding a company that pays them consistently over an extended period of time is a great way to build your wealth. Determining the intrinsic value of a dividend paying company is paramount to investing with a margin of safety. This helps protect our investments and grow our wealth. Using the dividend discount model is an excellent way to find that intrinsic value, and the use of the dividend discount two-stage model is a fantastic way to get a more precise view of that value. Our goal is to find the approximate value of a company, not to quibble about th... -
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Rule Number 1 In Investing
With all due respect to Warren Buffett, the number 1 rule in investing is not anything close to “never lose money.” In fact, the entire notion is absurd. Anyone who has ever invested in the history of the world has lost money at one time or another. Buffett himself lost close to 50% on two separate occasions. Being in a drawdown is the norm, not the exception. That is the price you pay in exchange for a higher return than a risk-free savings account. So what is the number 1 rule in investing? That’s an impossible question, but if I had to pick just one it would be the Peter Lynch line about “knowing what you own and why you own it.... -
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Your Go-To Swing-Trading Watch List In A Resuscitated Market
All my bullish swing trading setups to follow this week Gap higher by +20 points and stay in cruise control the rest of the day – not a bad way to start the week. Especially considering how dull the market has been over the last couple of months. Now there is new life to the market. The bull flag that SPX has been trading in for the past two months has been broken and despite all the days where the market couldn’t buy a rally, it is now trading above all of its moving averages. Below I’ve put together a whole list of stocks whose charts looking extremely bullish and setting up for breakouts or bounces. Look for charts that... -
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Mall Meltdown -The Retail Bubble Is Bursting
Remember the Sears catalog? Going to the mall every weekend with friends? I often laugh at memories of growing up heading with my mom to the “husky” section of the Sears store for my jeans. Might as well of had a big neon “Fat Boys” sign lit up for us on the more “chubby” size at one point in our young impressionable lives. I’m not sure what larger, more “roomier” pants are now labeled, but one thing I know is that you don’t have to get out of your comfy PJs to schlep to the Sears store to buy them. With the click of a button, they’re on their way to your house. Overnight. The Atlantic and The Wall Street Journal alo... -
Finance 0
Will Euro Gap Be Filled?
The euro exploded higher after centrist Emmanuel Macron “won” the first round of the French Presidential election. Of all the probable scenarios, this was the best outcome for the euro, which explains why EUR/USD gapped above 1.09 when the markets opened for trading on Sunday evening. Macron is pro euro, pro EU whereas Le Pen wants a referendum on EU membership shortly after her victory. Although investors are relieved about Macron’s victory, there has been very little follow through in the leading investors to wonder if the gap near 1.0730 will be filled. While it can be argued that we won’t know who the final winner will be for 2 mo... -
Finance 0
June Rate Hike Odds Soar To 69% As Debt Ceiling Looms
It appears the hope that a centrist candidate will win the French election is enough to trump tumbling macro-economic data, disappointing earnings, and flailing inflation in the US economy. June rate hike odds have spiked to 69% overnight (even as debt ceiling risks begin to price in… and the dollar drops)… So The Fed gets the all-clear from the market to hike in June… Even as the Treasury Bill curve inverts over debt ceiling fears… And the Dollar is not buying it at all…...
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