BHP Billiton (BBL) is the largest publicly traded mining corporation in the world.The mining behemoth is one of Australia’s top dividend stocks. The downturn in metal and energy prices has deeply affected BHP Billiton’s operations.The company’s share price has collapsed. BHP Billiton stock is trading around absolute lows not seen since the Great Recession. Source: Finviz Despite the decline in metal and energy prices, BHP Billiton has not cut its dividend. Yet… This article takes a detailed look at BHP’s: Current dividend yield Dividend history Likelihood of a dividend cut coming soon BHP’s Dividend Yield It’s not surpri...
During the day on Wednesday, we get a handful of mid-level announcements on the United Kingdom, European Union, and the Federal Reserve Chairwoman is speaking before Congress. Because of this there could be some volatility, but at the end of the day we do not expect any major changes. AUD/USD finds support The AUD/USD finds support at the 0.70 level as we ended up forming a massive hammer. However, there is a shooting star at the day before, and of course the shooting star a couple of days before that as well. In other words, rallies will be short-lived and we think we will more than likely see enough exhaustion above in order to serve buying...
When the mood got sour in markets this week, the yen had the starkest response, breaking the BOJ’s “line in the sand” and continuing on and on. And what about the euro? It certainly lagged behind, getting stuck at resistance at 1.1215. It had the ECB in mind: Mario Draghi promised action in March and this seemed to have slowed the moves. But this didn’t last too long: EUR/USD made a break to the upside and only temporarily paused at 1.13. The pair has reached the next resistance line at 1.1340, and perhaps already has its eyes set on the veteran 1.1375 level. Moving even higher, we have the 1.1460 level, which capped the pair sever...
New York-based Omnicom Group Inc. (OMC – Analyst Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets. However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually sh...
The market acts like it isn’t sure what to do with itself. The market rallied off the lows this morning immediately following the market’s open, but since then it has given back those gains and momentum and now is just floundering around. Up? Down? Who freakin’ knows. Buyers and sellers aren’t overly inspired except for when it comes to selling these banks. What has the sellers concerned here is that Janet Yellen is going to be flappin’ her yapper over the next couple of days, and it is likely that she is going to use it as an opportunity to boost the markets so she doesn’t look like a total goon for ra...
Gold is on the move. As stocks are selling off big time, the gold market is the big beneficiary with a significant inflow of capital. Is that any coincidence? No, it is not, because the gold market was deeply oversold. Next to that, and perhaps more importantly, sentiment hit rock bottom levels. When everybody and his uncle believes that stocks have only one way to go, i.e. up, the opposite usually happens. The same accounts to the precious metals market. How high can gold go? Which gold price forecasts are realistic? Analyst Rob Tovell identifies several gold prices forecasts in this 7-minute video. He has +3 decades of experience in analyzi...
WTI Crude Oil The WTI Crude Oil markets fell during the course of the day on Monday, testing the $30 level yet again. It looks as if we are trying to break down to lower levels, perhaps reaching towards the $20 handle. Ultimately, any rally at this point in time should be sold, and it will only be a matter of time before we break down from there. Ultimately, this is a market that cannot be bought, there is far too much in the way of negativity and of course lack of demand out there, so I believe that the WTI Crude Oil market is a “sell only” type of situation at this point in time. Natural Gas Natural gas markets gapped higher at the open...
Precious metals have risen sharply in recent days as investors looked for alternatives to the stock market and U.S. dollar. Both gold and silver pushed through important technical resistance levels. Metals bulls hope to see markets enter a virtuous cycle; improving charts followed by more speculative long interest leading to improved charts. There is some evidence this may be happening. TFMetalsReport.com reports the inventory of the largest exchange-traded gold fund (GLD) bottomed in December. It has since rallied sharply as 1) speculators are buying shares in the ETF in volume and 2) GLD “authorized participants” — mostly bullion ...
I had the pleasure of appearing on Fox News last Sunday with Mike Fannery. The discussion involved the sugar lobby, politics regarding presidential candidate Marco Rubio, my recent recession call, jobs, and Chicago manufacturing. That’s quite a bit in one five minute segment. Here is the video clip. Video Length: 00:05:32 Link if video does not play: Fox Chicago Sunday – Mish – Sugar and Manufacturing. The recession call was in reference to my February 4 article Recession has Arrived; Factory Orders Decline 2.9%, Inventories Rise. For more on the odds of recession, please see …. February 4: Currency Wars and a Job Gain Recession? ...
Ever bought medicines or cosmetics over the counter? Yes, then you may have walked into one of the 7,700 retail CVS/pharmacy stores of the largest pharmacy healthcare services provider in the U.S. – CVS Health Corporation (CVS – Analyst Report). This Rhode Island-based company’s more than 900 walk-in medical clinics-CVS/MinuteClinic currently possess a customer satisfaction rate of 95%. Currently, CVS Health has a Zacks Rank #3 (Hold) but that could change following its strong fourth-quarter and full-year 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announceme...