Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 185 = 17,535 SPX – 17 = 2046 NAS – 19 = 4717 10 Y – .05 = 1.70% OIL – .37 = 46.33 GOLD + 9.90 = 1274.10 Well, if you are triskaidekaphobic you might have expected a day like this. For the week, the Dow fell 1.2 percent, the S&P dipped 0.5 percent and the Nasdaq lost 0.4 percent. It was the third week in a row of losses for the Dow and S&P 500. US businesses in March posted the biggest increases in inventories and sales since June, good news for economic growth. The Commerce Department says business inventories rose 0.4 percent from Februar...
The Chart of the Day belongs to Amerisafe (Nasdaq: AMSF). I found the Workman’s Comp insurance stock by using Barchart to sort today’s All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 2/18 the stock gained 33.57%. Amerisafe, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging, agriculture, oil and gas, maritime and sawmills. The status of Barchart’s Opinio...
Economic data Friday was good for a change but that wasn’t true for overseas economies where drip, drip, drip of weak data persisted. But in the U.S. most data were positive. After dreary earnings and forecasts for retailers, Retail Sales were positive. But it seems logical to accept future guidance vs old news doesn’t it? Consumer Confidence rose sharply perhaps this is so much old news to. It may well be now that “good news is bad” now if the Fed raises interest rates on the back of it. (Sigh). The markets didn’t like any of this as it sold-off sharply taking declines down markets down for the third straight week turning previous ...
XOM is trading as a bond in this yield-chasing, QE-inspired Central Bank World, and FB is your classic momentum stock. The first lesson of modern investing is that everything is a trade in financial markets. Avoid being the bag holder in either of these two stocks. The day of their demise is merely a calendar event on the investing time clock horizon....
TM Editors Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. When I look at prospective companies to invest in, one important trait that I seek is consistency. I look for consistent improvement in the company’s financial statements, consistent innovation or deployment of best practices, and most importantly in the junior mining sector; I look for consistency in reaching the targets the company sets for itself across functional areas. Working largely with speculative resources, junior mining companies need to implement a level of stability to their operation by ...
In this post, we continue analysis of GDP per capita in developed countries and BRIC. It was shown in two previous posts that the evolution of real GDP per capita is rather linear (not exponential) since 1960 and in many cases the growth rate is much lower than its linear potential (so called inertial growth). Extended analysis was presented in our papers and we would like here just to stress the fact that many developed countries demonstrate poor performance. Fig. 1. Austria: annual increment of real GDP per capita (upper panel) and the corresponding rate of growth (lower). On average, the annual increment between 1960 and 2015 is $340. ...
Introduction I believe that building and managing a successful stock portfolio is simple and straightforward, but not necessarily easy. Building and successfully managing a portfolio of individual stocks requires work, a disciplined philosophy and a reasonable commitment of time. But perhaps most importantly, it’s critical to start out with a precise understanding and acceptance of how you approach the investing process. You can either behave as a prudent long-term investor or as an active trader. The differences between these two approaches are not subtle – they are vast. Unfortunately, at least in my personal experience, there are m...
China has become the global leader in outbound M&A with the U.S. becoming the number one destination of the Chinese shopping spree accounting for 28% of its outbound M&A activity. Written by Wolf Richter (WolfStreet.com) Chinese companies are on a shopping binge…backed by their government and their state-owned banks… to diversify away from the yuan, fearing that it will fall further… to lessen their dependence on the slowing Chinese economy, seeing perhaps how it is heading into trouble… to acquire technologies and enter high-value-added sectors… to get more influence in the global economy and have a say ...
USDCHF: With the dollar/franc pair taking back all of its earlier losses for the week to close higher on Friday, more strength is expected in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside on price recovery....
We all fuss about government waste, corruption and criminal activity related to the U.S. government and their Wall St associates. The activities, which report on daily, are nothing short of inhumane as the unproductive capital that is wasted or looted could be used to further humanity and make life sweeter for all. But what about in our everyday lives? What about unproductive capital expenses that each one of us experience as part of our daily routine? We know we do it and we know it’s a waste, but we do it anyway. The list is long and unnecessary to list here and will vary from person to person but we all have capital that could be put to ...