In this article, I will discuss the latest developments in European monetary policy and review an interesting chart which shows historical real labor unit costs, but first I will react to the breaking news about bitcoin which was released Friday afternoon. Bitcoin ETF Denied The, much heralded by the media, Winklevoss Bitcoin ETF was denied by the SEC. This caused the price of bitcoin to fall from $1,282.38 to $1,035.08 as you can see in the chart below. It has rebounded about $100 since then as the initial knee-jerk reaction has run its course. Prior to this decision, the betting odds had about a 50% chance of the ETF being accepted by the S...
Plenty of bullish stocks to be following The number of bearish stocks are ticking upwards as well, but for right now, I only want to focus on the bullish stocks. Bearish stocks will be posted soon enough. Nonetheless, stocks like Apple (AAPL) which has been on a huge tear of late, is setting up, yet again, to the upside with a nice bullish flag being formed over the past few days. Now just because there are plenty of bullish stocks that you can play from the list below doesn’t mean you go and play all of them. Moderation is important. Without some sense of caution, you risk jeopardizing any and all success that you have experienced ov...
Last year, we saw in this crude oil price forecast that crude would face an incredibly strong resistance area between $54 and $60. InvestingHaven’s analysts wrote that energy stocks would be very bullish only if crude’s resistance area would be broken to the upside. However, so far that scenario hasn’t materialized, and energy stocks are facing a serious breakdown threat at this point. Let’s put it differently: if energy stocks go lower from here, they would potentially enter a severe bear market, and could even collapse. A collapse in energy stocks after they have been a market darling last year? Yes, that’s how it goes i...
At a glance, GameStop (GME) is a tempting dividend stock for retired income investors. GameStop offers a high dividend yield in excess of 6% and has increased its dividend every year since initiating its dividend program in 2012. The company has a healthy payout ratio near 40% and consistently generates positive free cash flow as well. But at the same time, it’s important to note that high yields, especially in this time of historically low interest rates, can be a red flag that a company is a “value trap,” meaning that something is deeply flawed about its business model. Let’s take a look at GameStop’s high yield using our Divide...
Written by BNN.ca Billionaire investor William Ackman walked away from Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) on Monday, with a roughly $3 billion loss after he sold his entire stake in the ailing drug company despite trying to rescue it for some 18 months. Ackman’s Pershing Square Capital Management disclosed the exit in a press release after markets closed. The New York-based fund said its position accounted for up to three per cent of Pershing’s funds, but the company “required a disproportionately large amount of time and resources.” Pershing also announced Ackman and Vice-Chair Steve Fraidin would step down...
Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump Rally shows signs of topping out. Likely a correction is looming. I think the bear is about to be let out of his cage. Chaos emerged in emerging-market stocks last week, bond prices plummeted (yields rose to match their last 2016 high), stock-market volatility rose, and the Dow took its worst drop in 2017. Copper prices, a bellwether for recessionary conditions, saw their worst week since last September. It looked like the Trump rally in almost everything was rolling over last week, and that takes us into this week when sever...
Not a whole lot to say about today. The Semiconductor Index gained nearly 1% as it pushed a new multi-year high, but most of the gains were achieved by the open and it didn’t add too much after that. However, it did keep shorts at bay for another day (resistance remains former channel support). Aside from Semiconductors, there wasn’t too much to add. The S&P had one of the least exciting days in a long time. Technicals were unchanged by the very flat day. The Nasdaq made slightly bigger gains, but not enough to change the technical picture, nor the context of where the index stands now. The Russell 2000 didn’t quite make...
Summary 14 new highs and up 27.78% in the last month 100% technical buy signals Earnings estimated to increase 53.80% next year Corcept Therapeutics (CORT) Incorporated is a pharmaceutical company. It is engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The company focuses on disorders that are associated with a steroid hormone called cortisol. It is developing its lead product, CORLUX for the treatment of the psychotic features of psychotic major depression. Corcept Therapeutics Incorporated is headquartered in Menlo Park, California. The status of...
Select Comfort (SCSS) is our top-rated upgrade this week and it is a BUY. Our other picks are also BUY-rated stocks. NOTE: There were not five stocks with complete valuation and forecast data this week, so we included Posco-ADR and Omega Protein in our list despite the fact that they do not have valuation data. Ticker Company Name Market Price Valuation Last 12-M Return 1-M Forecast Return 1-Yr Forecast Return P/E Ratio Sector Name SCSS SELECT COMFORT 23.85 3.44% 31.48% 0.51% 6.07% 19.71 Consumer Discretionary BLMN BLOOMIN BRANDS 18 -12.34% 4.29% 0.51% 6.06% 13.71 Retail-Wholesale FTD FTD COS INC 23.4 -13.85% 2.23% 0.50% 6.03% 13.17 Consumer ...