Latest Posts
-
Finance 0
Continuing Jobless Claims Collapse To Lowest Since Right Before DotCom Crash Began
The last time continuing jobless claims was this low, the Nasdaq peaked at the end of the dotcom boom and collapsed over 80% in the next 2 years. So be careful what you crow about… The ‘best’ continuing jobless claims print since April 2000… tumbling to 1.979 million (well below the 2.024 million expectations) Despite a slump in industrial production… Which just happens to coincide with the peak of the Nasdaq… So this is hardly a leading indicator of awesome times ahead?!... -
Finance 0
March Inflation, Retail Sales And Gold
Last week, two important U.S. economic reports were released. What do they imply for the gold market? Recently, geopolitical events – such as the U.S. strike in Syria, tensions over the North Korea, Turkish constitutional referendum, or May’s call for a snap election in the UK – have caught the investors’ attention. However, geopolitical events rarely lead to lasting rallies. Since the macroeconomic backdrop seems to be a more important driver for gold prices in the long-run, let’s catch up and analyze the recent economic data coming out of the U.S. First of all, retail sales declined 0.2 percent in March, falling short of ex... -
Finance 0
EC How The Passive Investing Mania Undermined Its Most Basic Assumption
I have argued that “passive investing” is an oxymoron because it denies precisely that which defines an investment: active analysis. Proponents of the strategy don’t seem worried about this inconsistency, though. This is likely due to the fact that most of them believe the market to be, to a great extent, efficient. From Wikipedia: Efficient-market hypothesis (EMH) is a theory in financial economics that states that an asset’s prices fully reflect all available information. A direct implication is that it is impossible to “beat the market” consistently on a risk-adjusted basis since market prices should only react to new in... -
Finance 0
REIT Dividend Matchup: Realty Income Vs. Omega Healthcare Investors
Real Estate Investment Trusts, or REITs as they are more commonly known, are a great source of income. It is not uncommon to find REITs with dividend yields that are several percentage points above the S&P 500 average, which hovers around 2% right now. Realty Income (O) and Omega Healthcare Investors (OHI) are no different. Both stocks have dividend yields well above the index average. And, each stock has a long history of raising its dividend regularly. Realty Income and Omega are both Dividend Achievers, a group of 265 stocks with 10+ years of consecutive dividend increases. Realty Income and Omega are high-quality dividend stocks, beca... -
Finance 0
BNY Mellon’s Q1 Earnings & Revenues Meet Expectations
The Bank of New York Mellon Corporation’s (BK – Free Report) first-quarter 2017 adjusted earnings per share were 80 cents, in line with the Zacks Consensus Estimate. A rise in revenues and provision benefit supported the results. Also, assets under management (AUM) reflected growth. However, a marginal increase in expenses and lower foreign exchange and other trading revenues were among the headwinds. After considering 3 cents per share of tax benefit related to new accounting guidance for stock awards, net income applicable to common shareholders for the quarter came in at $880 million or 83 cents per share, up from $804 million or... -
Finance 0
Tesaro Drops After Zejula Pricing, Competing PARPi Trial Miss
The shares of drug maker Tesaro (TSRO) are falling with two possible headwinds cited by analysts as the potential culprit, namely the pricing of its niraparib treatment and the disappointing trial results of another drug in the same therapeutic space. PRICING: Last night, Tesaro announced that Zejula, its oral, once-daily poly polymerase inhibitor, is now available by prescription in the U.S. with a Wholesale Acquisition Cost of $9,833 for a one-month supply at a dose of 200 milligrams once per day. The approved starting dose of ZEJULA is 300 milligrams once per day, but 200 milligrams/day was the most commonly administered dose over the cour... -
Finance 0
Tactics For Better Decision Making, And Skill Versus Luck
Audio Length: 00:57:47 Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also a professor of finance at Columbia Business School, and the author of several books, such as; The Success Equation and More Than You Know. Michael is widely recognized as a thought leader on the subject of decision-making, as well as thinking about things in the way of process over outcome, and skill vs luck. And it’s these three things which are the over-arching theme of this episode. So hopefully, you’ll pick up a few good tips from Michael, that will help to improve your ability to make better decisions... -
Finance 0
European Close Sparks Dollar Buying Panic
It’s unclear what the catalysts for this sudden vertical buying panic is, but minutes after Europe closed, the dollar suddenly went full bid, gold slipped, and Treasury yields rose… There was a new French poll (which showed very little difference from previous polls) and comments from Lagarde on how bad a Le Pen victory would be, comments from Trudeau on the weakness of the Canadian economy, and some comments from Stev Schwarzmann on delays to Trump’s government reforms. None of which seem to warrant the panic bid for the greenback… This is broad-based dollar strength as all the majors are weakening.... -
Finance 0
India’s $1.8 Trillion Gold Mine
As longtime readers know, we love small caps here at Wall Street Daily — with good reason. During periods of economic expansion, small stocks often outperform blue chips by a wide margin. In fact, on swelling hopes of prosperity under President Trump, the market’s smallest stocks have gained 14% since the election — compared with a 9% gain of the S&P500. However, things have been easier said than done in the White House. As a result, the stock rally has been put on hold for the time being — at least here in the United States. But as senior analyst Jonathan Rodriguez explains below, now is the perfect time to load up on small cap... -
Finance 0
How Do I Not Love Thee US Stocks, Let Credit Suisse Count The Ways
Credit Suisse is out with a new Global Equities Strategy update. Now who’s excited?! No, but seriously, there’s a lot to like about this latest installment from Andrew Garthwaite and team. Specifically, there’s a lot about the eurozone and the French elections that’s definitely worth a read and the section on Japan isn’t a complete waste of time either. Of course US investors are a myopic bunch and if most retail investors had their way, there wouldn’t be any markets other than those that are open from 9:30 a.m. EST to 4:00 p.m. EST Monday through Friday. So because I aim to please, I wanted to highlight the bank’s comprehensiv...
Top Posts
-
The Importance for Individuals to Use Sustainable Chemicals
-
Small Businesses: Finding the Right Candidate for the Job
-
How to Write the Perfect Thank You Letter After Your Job Interview
-
3 Best Large-Cap Blend Mutual Funds For Enticing Returns
-
China suspected in massive breach of federal personnel data
