We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we take a look at a long-troubled company, Sears Holdings (SHLD), and news that the company may now be on the verge of bankruptcy. Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and ...
After starting the year at the fastest pace in almost a decade, existing-home sales slid in February some 3.7%, below the 2.0% drop expected, as 5.48 million existing houses were sold last month which was marked by a paradox: on one hand, NAR reported that the median existing-home price in February was $228,400, up 7.7% from February 2016 and was the fastest increase since last January (8.1 percent). On the other hand, as the NAR itself admits, affordability has collapsed which together with too little inventory of homes for sale, meant that buyers and sellers were unable to meet in the middle, leading to the 3rd worst month in the past 6 yea...
After opening the day on a positive note taking cues from the US Fed rate hike, share markets in India have continued the momentum and are trading above the dotted line. Sectoral indices are trading on a positive note with stocks in the metal sector and stocks in the capital goods sector leading the gains. The BSE Sensex is trading up by 140 points (up 0.5%), and the NSE Nifty is trading up by 52 points (up 0.6%). Meanwhile, the BSE Mid Cap index is trading up by 1.1%, while the BSE Small Cap index is trading up by 1%. The rupee is trading at 65.36 to the US$. In news from stocks in the banking sector. India’s largest l...
Billionaire real estate investor Richard LeFrak sat down with Bloomberg this morning and unloaded some rather disappointing predictions for New York real estate owners, namely that they should expect 10-15% rent reductions over the coming months/years. As we have several times as well, LeFrak said the pricing weakness will come courtesy of a massive oversupply of new apartment capacity which was built in anticipation of “incomes that don’t exist in the market now.” “Rents are going to come down, I would say, 10-15%.They started to already. Part of that is because we built a lot of new product at the high end…a...
On Wednesday, the U.S. Federal Reserve confirmed an interest rate hike of 25 basis points, sending U.S. stock prices broadly higher and confirming traders’ expectations, without giving any tangible hints towards future monetary policy. Nevertheless, according to a Reuters poll released on Wednesday, analysts expect at least two more rate hikes in 2017 and as many as three additional interest rate hikes in 2018. The Dow ended on Wednesday with gains of 0.54 percent while the S&P 500 rose 0.84 percent. The Nasdaq enjoyed a 0.74 percent lift. Asian stock markets followed suit on Thursday with MSCI’s broadest index of Asia-Pacific shares ...
I have been bearish the Dollar expecting this downward move. Last night I closed all my Dollar short positions and today I’m opening Dollar longs. The Dollar index has reached the important 61.8% Fibonacci retracement and is looking ready for a bullish reversal. The Dollar index needs to reverse from current levels if my view is correct. The trend will be confirmed bullish on a break above 102.30. This will also increase the chances for a move towards 105-110 dramatically. ...
A Bank of England monetary policy announcement tops the calendar in European trading hours. Governor Mark Carney and company seem firmly locked in wait-and-see mode however, meaning the outcome may not offer a lasting lead to the British Pound. The UK economy looks relatively well-supported despite a run of softer data over the past month but Brexit-related worries are keeping policymakers on edge. A rate decision from the Swiss National Bank may also be a non-event. A cautious improvement in the tone of economic news flow in recent months and the highest inflation rate since mid-2011 probably mean that expanded stimulus is not on the ho...
Now, I’ll save the nitty-gritty bits of the vegan investing process for another time, but the main thing that restricts financial advisers from working with vegans is that they simply do not know how to create such a non-diversified portfolio and still gain returns comparable to the stock market. As my post yesterday on focus investing suggests, it is not only possible to earn money without a diversified portfolio but long-term it can be exceptional if you effectively manage risk. That being said, what exactly CAN a vegan add to a portfolio and just how restricting is the diversification process? In the chart below, I break out each fin...
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. On March 15, 2017, BriaCell Therapeutics Corp. (TSXV: BCT) (BCTXF) announced that the U.S. FDA had granted clearance to initiate the Phase 1/2a clinical trial of BriaVax™ in patients with advanced breast cancer. This is an important step for the company and represents many years of hard work by management to get BriaVax back into the clinic, including finalizing the necessary CMC work around a new manufacturing process for the whole-cell vaccine. I’m expecting the first patients to be d...