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Pentair, A Cheap Aristocrat With 40 Straight Years Of Dividend Growth
Pentair (PNR) is a lesser known dividend aristocrat that most recently boosted its dividend by 5%, representing its 40th consecutive year of dividend increases. Weak energy markets, slumping commodity prices, and unfavorable foreign currency exchange rates are wreaking havoc on the company, which has seen its stock price plummet by more than 30% over the last year. However, two of the company’s four segments delivered organic growth last year, and a third is poised to return to growth in 2016. Three of its businesses have also delivered healthy margin expansion, and a well-known activist investor took a 7% stake in the company in mid-20... -
Finance 0
Daily Market Analysis Video – February 12, 2016
During the day on Friday, we get the Core Retail Sales numbers and the University of Michigan Consumer Sentiment numbers coming out of America. Because of this, the market should focus basically on the US stock markets, and perhaps the US dollar. 1 – At this moment in time, it looks like we could get a little bit of a pullback in the US dollar, but at the end of the day there still are a lot of uncertainties out there that could cause quite a bit of concern in the currency markets, which almost always leads people to purchasing the US dollar. With that being the case, we are not taking the selloff in the US dollar for longer-term trades bu... -
Finance 0
E Oils Well That Ends Well
Oils well that ends well for sure; however there’s no substantial indication of a ‘deal’ between OPEC members to cut production levels. Nevertheless, and I’ll add in-spite of the Wall Street Journal retracting the report of a ‘deal’, issued at the exact moment the DJIA started going to a new sub-400 point decline low; at that very point a one-liner said the report was merely a rumor; there’s more. The ‘more’ might well be a quid-pro-quo given the hateful tension between rival Islamic states Iran and Saudi Arabia, if it were conditional on a grander deal as might relate to the Syrian war,... -
Finance 0
E Advisor To Prime Minister Abe – Emergency Meeting Possible
Things are getting very, very, very interesting in Japan. Dow Jones is reporting this evening that a close adviser to Japanese Prime Minister Abe has said that the Bank of Japan may call an emergency meeting if market conditions continue to deteriorate and financial turbulence continues. Two things he mentioned in particular. ONE [ and the more important one as far as I am concerned ] is the “sharp rise in the yen”. TWO the sharp decline in stock prices. The BOJ is not scheduled for a policy meeting until the middle of next month but this adviser (Etsuro Honda) noted that the Central Bank would not wait until then if conditions warranted ... -
Finance 0
Confidence In Central Banks Plummet
When markets move from bullish to bearish suddenly troubling conditions previously brushed-off by investors suddenly appear like snow melting over them—drip, drip, drip. This is what’s occurring now as central banks’ Keynesian experiments desperately expand; the Mideast refugee crisis grows; violence surrounding illegal aliens in Europe and the U.S. becomes apparent as citizens see their culture’s threatened; economic conditions globally contract; political correctness now goes too far; student debt piles up; houses, where the jobs are, become unaffordable to buy or rent; the political process features outside populists supported by a... -
Finance 0
Select Comfort Stock Gets Crushed, Misses On Q4 Earnings
Select Comfort (SCSS – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.01 per share (after excluding $0.43 for nonrecurring items) and revenue of $214.7 million. Currently, SCSS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Select Comfort: Beat earnings estimates. The company posted $0.01 per share, surpassing our Zacks Consensus Estimate of $-0.05. Missed revenue estimates. Th... -
Finance 0
Why NIRP (Negative Interest Rates) Will Fail Miserably
The last hurrah of central banks is the negative interest rate policy–NIRP. The basic idea of NIRP is to punish savers so severely that households and businesses will be compelled to go blow whatever money they have on something–what the money is squandered on is of no importance to central banks. All that matters is that people and enterprises are forced to spend whatever cash they have rather than “hoard” it, i.e. preserve and conserve their capital. That this is certifiably insane is self-evident. If an economy depends on bringing future spending into the present by destroying savings, that economy is doomed regar... -
Finance 0
Strike Three For The Congressional Budget Office? Social Security Retirement Income Projections
Yesterday the Congressional Budget Office (CBO) corrected an error that it made in projecting the share of earnings that will be replaced by Social Security for those nearing retirement. In a report published last fall, CBO projected that for people born in the 1960s, the annual Social Security benefit for those retiring at age 65, would be 60 percent of their earnings for middle income retirees and 95 percent of earnings for those in the bottom quintile. The correction showed that benefits would replace 41 percent of earnings for middle income retirees and 60 percent of earnings for those in the bottom quintile. This mattered a great d... -
Finance 0
Dow Jones Industrial Average Plunges 254 Points On Growth Concerns
How Did the Stock Market Do Today? Dow Jones: 15,660.18; -254.56; -1.60% S&P 500: 1,829.08; -22.78; -1.23% Nasdaq: 4,266.84; -16.76; -0.39% The Dow Jones Industrial Average today (Thursday) lost more than 254 points thanks to another broad sell-off and concerns about global economic growth. Shares of Boeing Co. (NYSE: BA) fell 6.8% after regulators announced they are looking into the company’s accounting practices. The stock’s downturn accounted for roughly 25% of the Dow Jones’ decline on the day. Meanwhile, shares of Cisco Systems Inc. (Nasdaq: CSCO) surged 9.6% after the company reported stronger than ex... -
Finance 0
EURUSD Faces Bear Threats
EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. Its daily RSI is bullish and pointing...
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