Gold: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at the 1130.00 level where a break will turn attention to the 1120.00 level. Further down, a cut through here will open the door for a move lower towards the 1110.00 level. Below here if seen could trigger further downside pressure targeting the 1100.00 level. Conversely, resistance resides at the 1150.00 level where a break will aim at the 1160.00 level. A turn above there will expose the 1170.00 level. Further out, resistance stands at the 1180.00 level. All in all, Gold looks to build up on its...
By Greg Hunter’s USAWatchdog.com Former Reagan White House Budget Director David Stockman says retail investors are going to take, yet, another very big hit. Stockman explains, “The retail investor waded in again. The sheep lined up and, unfortunately, are heading for the slaughter one more time. I think it is very hard to see how this Baby Boom generation, with 10,000 of them retiring a day, can afford one more devastating crash in their stock holdings. That is, unfortunately, what we are heading for. That’s why I say it’s dangerous. When the bubble breaks, it will spill and flow throughout the Main Street economy.” Stockman war...
Macerich Co. (MAC – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.12 and revenue of $320.7 million. Currently, MAC 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. Macerich: 1. Beat earnings estimates. The company posted $1.12 per share, beating our Zacks Consensus Estimate of $1.09. 2. Missed revenue estimates. The company saw revenue figures of $320....
It’s a battle as old as markets. Which is the better investment: gold or stocks? Gold Bugs and Equity Bulls are equally fervent about their investment of choice, often with complete disdain and contempt for the other side. The story (since the gold standard was completely abandoned in August 1971) goes something like this… 1972-1980 Gold Return: +1256% S&P 500 Return: +97% Narrative: Gold is the best investment in the world, and will continue to be so forever. There is hyperinflation in the U.S. and a secular stagnation in real growth. The only way to protect yourself is with Gold. And by the way: no one should own stocks. 1981-1...
This post is about reputation and its persistence…especially if it’s a bad reputation. Companies have brands, and so do people. If you don’t think so, stop for a minute and consider the “Bill Cosby” brand. Five years ago, what kind of thoughts came about with that name? Oh, stuff like The Cosby Show, Jello-O Pudding Pops, Fat Albert, comedy, positive family role models, and so forth. How about now? Well, you can figure that out for yourself. Likewise with the likes of Chipotle (CMG), which used to be the absolute darling of Wall Street until a very, very tiny little problem called e. coli showed up. Last year, I made a similar poi...
Global fast-food firm Yum! Brands (YUM – Analyst Report) reported its Q4 earnings results after the bell Wednesday, posting a 2-cent beat on the bottom line at 68 cents per share on revenues of $3.95 billion that were below expectations of $3.997 billion. Shares of YUM are down slightly in the after-market on the news. The big story at Yum!, of course, happened back in the fall of 2015, when the company announced it will be executing a spinoff of its China business (Yum! China, which accounted for roughly 32 percent of Yum’s operating profit for 2015). This coincided with the company welcoming activist investor Keith Meister fro...
In recent days, signs of a possible breakthrough in the year-long stand-off between Russia and Saudi Arabia on crude production strategy have emerged. Saudi Arabia, OPEC’s dominant member, has long insisted OPEC (read Saudi Arabia) would not reduce output to balance supply and demand absent corresponding cuts from non-OPEC members (read Russia), while Russia has consistently insisted harsh climactic conditions prevent Russian producers from reducing output and in any case Russia insists it could withstand low prices as well as any other country. January 27, however, Russia announced, in a roundabout way, its willingness to cut. Accordin...
MetLife Inc. (MET – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.23 and revenue of $17.11 billion. Currently, MET has a Zacks Rank #4 (Sell), 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. MetLife: 1. Missed earnings estimates. The company posted $1.23, down 11% from the prior year quarter, missing our Zacks Consensus Estimate of $1.36. This number excludes $0.53 from non...
When you see a stock yielding 25%, your first instinct should not be to say, “That’s a great yield!” Instead, you should think, “There’s no way that’s sustainable.” Of course, in today’s market, particularly in the energy sector, yields have gone sky-high because stock prices have crashed. In the case of CVR Refining (NYSE: CVRR), a Sugar Land, Texas-based oil refiner, the stock price has fallen 29% from its highs in October. But even at the high, today’s dividend would yield nearly 18%, which is a head-scratcher in the current environment. CVR issues fourth quarter and full-year 2015 results in about two weeks. Looking ba...
Consolidated Edison Company of New York (NYSE:ED) is the Chart of the Day. I found the electric utility stock by sorting the All Time High list first for the highest technical buy signals then I used the Flip Chart feature to review the charts. Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses. The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indic...