Kuroda has mortgaged the future of Japan’s children, grandchildren, great grandchildren, and so on, by plunging his country hopelessly into debt to artificially prop up asset prices . Let’s take a look at how DECADES of this idiotic thinking have been working by way of the Japanese ETF: So, yeah, sheer genius. It just goes to show what adle-brained misadventures can get you once all the shouting’s over....
Michael Kors Holdings Limited (KORS – Analyst Report), a global luxury lifestyle company, came out with third-quarter fiscal 2016 results, wherein earnings of $1.59 per share beat the Zacks Consensus Estimate of $1.46, and surged 7.4% from $1.48 in the prior-year quarter. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has been portraying an uptrend in the last 7 days. In the trailing four quarters (including the quarter under review), the company outperformed the Zacks Consensus Estimate by an average of 9.6%. Revenues: Michael Kors generated net sales of $1,341.7 million that increased 6.2% year over year...
In this past weekend’s newsletter, I discussed the two factors that saved the markets from breaking critical support and likely pushing the markets into a critical correction. To wit: “The first is month-end window dressing by fund managers after a brutal start to the new year. After much liquidation, fund managers will need to rebalance holdings. The second is the potential for Central Banks to intervene which could embolden the bulls as further support could temporarily delay the onset of a bear market and recession. Not to be disappointed, the BOJ announced a move into NEGATIVE interest rate territory to try and boost economic grow...
Employment and Crude oil numbers coming During the day on Wednesday, weekends ADP numbers as well as inventory numbers out of the crude oil markets, so we could get quite a bit of volatility. Overall though, we think that the markets made moves on Tuesday that should continue into today’s session. FTSE falls significantly The FTSE fell significantly during the course of the day on Tuesday, slicing through the 6000 level with ease. We believe that a break down below the bottom of the candle for the day on Tuesday should invite put buyers to drive this market down to the 5800 level. Gold holds steady Looking at the gold markets, you can see t...
There are very few people I will drop everything to listen to. One of the handful is Daniel Yergin, the bookish founder and CEO of Cambridge Energy Research Associates, the must-go-to source for all things energy. Daniel received a Pulitzer Prize for The Prize: The Epic Quest for Oil, Money, and Power, a rare feat for a non-fiction book (I’ve never been able to get one). Suffice it to say that every professional in the oil industry, and not a few hedge fund traders, have devoured this riveting book and based their investment decisions upon it. Yergin thinks that the fracking and horizontal drilling revolutions have made the United States th...
Royal Caribbean Cruises Ltd. (RCL – Analyst Report) operates as a global cruise and vacation company. Royal Caribbean has adopted a strategy to grow beyond its familiar itineraries and capitalize on the opportunities presented by the fast-growing Asian cruise market. This has helped it to boost its revenues. Strong marketing initiatives have been helping the company to keep its booking strong over the past few years at most of its itineraries, thereby resulting in improvement in revenue yields. Its consistent efforts to reduce fuel consumption have aided the company to generate profits. Investors should also note the recent earnings ...
Royal Caribbean Cruises Ltd. (RCL – Analyst Report) operates as a global cruise and vacation company. Royal Caribbean has adopted a strategy to grow beyond its familiar itineraries and capitalize on the opportunities presented by the fast-growing Asian cruise market. This has helped it to boost its revenues. Strong marketing initiatives have been helping the company to keep its booking strong over the past few years at most of its itineraries, thereby resulting in improvement in revenue yields. Its consistent efforts to reduce fuel consumption have aided the company to generate profits. Investors should also note the recent earnings ...
After the not so good US data, the US dollar looks a bit weaker, but this is replaced with a light “risk off” environment favoring only the yen an the euro over the greenback. With no significant US figures, Australia and New Zealand are in the limelight: The RBA left all the options on the table but does not seem to be in a hurry. In New Zealand, milk prices and the quarterly employment report are due to give the kiwi a new direction. Wrap up of the morning show for February 2nd: Video Length: 00:04:28...
Netflix (NFLX) may undergo one of the greatest collapses, and even bankruptcies, in stock market history. It is not only the fierce and increasingly-powerful competition, subscriber growth hurdles, and enormous valuations that could cause Netflix’s rapid downfall each on its own; but also, and even more devastating, it is the tremendous (and mostly hidden) debt, extremely weak financials, insider selling, and numerous accounting “red flags” that potentially make Netflix one of the best short opportunities ever. To be fair, Netflix (NFLX) is an exceptional service and still a top source for video streaming and content. It ...
George Soros’ successful bet against the British pound back in 1992 remains one of financial history’s epic tales. The short version of the story begins with Britain linking its currency, the pound, to the German deutschmark via the European Exchange Rate Mechanism (ERM). But Britain’s inflation rate was higher than Germany’s, which created a growing mismatch between the currencies’ real value. In order to maintain the peg Britain raised interest rates and spent its foreign exchange reserves. But hedge funds, with Soros in the lead, sensed imminent failure and placed big bets against the pound. They were right: After some official ...