<< Read More: Passive Negligence Part I Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In Mm Mm Good, published August 2016, we highlighted the Campbell Soup Company (CPB) and the utility sector to show how yield-starved investors were chasing dividend stocks to dangerously high valuations. The following quote from the article highlights the risk inherent in CPB’s valuation: “This concept of a no-growth company with soaring valuations is alarming. The price of CPB would have to drop 30% to return to its post-recession average P/E. If that were to occur, it would ta...
Chances are even if you are not a major health and fitness enthusiast, you have passed by or noticed a GNC. Perhaps you even entered one to see just exactly what they sell, or you are the guy/gal who make it a regular stop for your supplies of health products or “healthier” food products and vitamins and supplements. They are usually contained within strip malls,but depending on where you reside, they can be stand alone moderate-sized locations. The company went public in the 1980s- having been formed and family owned operating under the name General Nutrition Center by a man named David Shakarian from Pittsburg Pennsylvania. After hi...
One of our guests on the podcast last week, Alex Gurevich, is the author of the book The Next Perfect Trade and founder of HonTe Investments, an extension of his own personal family business. HonTe Investments is run with a very simple goal: make money over the long run. Gurevich attempts to make money with a benchmark agnostic view of the world, very different from most institutional investors. Many traders look at short-term market trends, where perhaps their odds of trading individual positions are 52% likely to come out in their favor. Gurevich, by contrast, tries to identify longer-term market forces for which the odds of success might...
Future hedge fund inflows look positive, according to a Goldman Sachs Capital Introduction team survey. The positive outlook for the hedge fund industry comes as it delivered positive returns for five consecutive months, according to data from HFR. The HFRI Fund Weighted Composite Index pushed highe pushed highe by +0.24 percent for the month, doubling the performance of the S&P 500 on the month. PredragKezic / Pixabay Goldman Sachs: Hedge funds inflows expected to be up in the second quarter of 2017 With hedge funds under fire, and fees coming into sharp focus, the near term outlook for hedge fund inflows is positive. In a Gold...
U.S. Bancorp (USB – Free Report) reported a positive surprise of 2.5% in first-quarter 2017. The company reported earnings per share of 82 cents, beating the Zacks Consensus Estimate of 80 cents. Results also came ahead of the prior-year quarter earnings of 76 cents. Shares of U.S. Bancorp dropped slightly in the pre-market session, indicating that investors have been bearish on the results. The price reaction during the full trading session will give a fair idea about the extent of disappointment among investors. Organic growth was driven by higher revenues, aided by elevated average loans and deposits. Steady capital deployment act...
British Prime Minister Theresa May stunned investors with a surprise announcement to hold a snap general election on June 8, three years ahead of the 2020 schedule. Resistance from opposition parties and members of the House of Lords to Brexit negotiations prompted Theresa May to take this decision. The early election will increase May’s mandate in Brexit talks and makes the process successful. It would bring certainty, stability, unity, and strong leadership in the country. May’s ruling conservative party are leading by 17% according to a recent BBC analysis of recent polls while the lead is 21 points over the main Labour opposition part...
Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at 1279.75, Minutte wave (iv) ended at 1271.69 and Minutte wave (v) of (a) ended at 1295.6 peak. Below from there, the metal could have finished correcting the 4/10 cycle (1246) in Minutte wave (b) pullback as 11 swings Triple three structure within the blue box area at yesterday’s low 1278.68 & should be a risk free already, while above from there and as far as pivot from 1246 low remains inta...
Written by StockNews.com TD Ameritrade Holding Corp. (Nasdaq: AMTD) early Wednesday posted mixed second quarter earnings results, with profit barely missing expectations, although revenue and client assets both hit new records. The Omaha-based investment brokerage reported: Q2 earnings per share (EPS) of $0.40, which was $0.01 worse than the Wall Street consensus estimate of $0.41. Revenues rose 6.9% from last year to $904 million, however, topping analysts’ view for $882.25 million… Record net new client assets of about $19.5 billion, in the latest period. Extrapolated out, that represents an annualized growth rate of 10%. Record av...
Following API’s surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories. Crude inventories drew down for the 2nd week in a row. WTI prices slipped though as production rose to its highest since Aug 2015. API Crude -840k (-1.4mm exp) Cushing -672k Gasoline +1.374mm (-2mm exp) Distillates -1.8mm DOE Crude -1.034mm (-1.4mm exp) Cushing -778k (+175k exp) Gasoline +1.542mm (-2mm exp) Distillates -1.955mm (-1mm exp) Crude inventories dropped for the second week in a row but gasoline saw the first build in 9 weeks… Crude Production continues to trend higher with lagged r...
It is no shocker that the hotel industry has had it in for Airbnb and the entire homesharing economy. However, the New York Times has recently obtained documents that solidify what many free market champions already know: Airbnb has caused an enormous disruption in the traditional hotel sector, and the established industry cartels are determined to regulate homesharing into oblivion. The Hotel Industry’s attack on Airbnb is just getting started. You think that business favors free enterprise. Think again. The biggest opponents of genuine competition turn out to be established business interests. They want a free market for themselve...