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Finance 0
Silver Prices Are Expected To Drift Higher
Silver prices did indeed bottom out as expected on Friday and yet these gains are not strong enough to warrant a rise in the trend-defining level. Instead I stick to the January 22 low of $14 as the trend-defining level and see the trend as bullish above this mark. The next resistance level and target for bullish traders is the December 7 high of $14.58, a target silver should be able to reach so long as the correlation to the price of gold holds up. According to gold prices, silver should be trading at $14.93 on gold remaining at or above $1123. The bullish trend will most likely accelerate on a break to break today’s high of $14.34. T... -
Finance 0
Roper Technologies’ Q4 Earnings & Revenues Miss Estimates
Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP – Analyst Report) designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions. Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries. However, the company is sign... -
Finance 0
S&P 500 And Nasdaq 100 Forecast – February 1, 1016
SP 500 The S&P 500 broke higher during the course of the session on Friday, breaking above the 1920 level. It looks as if the market is trying to retire at this point, but I recognize that there is a lot of resistance of the 1950 handle. Ultimately, this market will more than likely break above that level, but in the meantime we may very well get a pullback in order to try to build up the momentum necessary to do so. I look at pullbacks and show signs of supportive candles as buying opportunities, and I will get a move above the 1950 level as a buying opportunity. Given enough time, this market should then reach towards the 2000 level, an... -
Finance 0
AIG May Be A Dog For 2016
A.I.G. Ignores the Calls Made by Carl C. Icahn; Refuses to Breakup Contrary to calls made by big investors including Carl C. Icahn, American International Group, Inc. (NYSE: AIG) announced that it will seek to streamline itself in lieu of breaking apart into several smaller companies. Mr. Icahn and other investors had pressured AIG for numerous months to divest itself of some of its lines in order to avoid designation as a systemically important financial institution, or SIFI, which comes with substantial regulatory and tax burdens. Mr. Icahn had also stated that companies that have only one line tend to show better market values and retur... -
Finance 0
Savings Rate Surges To Highest Since 2012 As Spending Disappoints
The Keynesians will not be pleased. Despite the holiday season, December spending disappointed with no change MoM (0.0% vs +0.1% exp). This is further sentiment-destructive as income data rose more than expected MoM (+0.3% vs +0.2% exp) even as income growth YoY slipped to its weakest in 9 months. Perhaps most sadly of all, 42% of December Personal Income gains came from Government Social Benefits, mostly Social Security and Medicare. Vive le recovery. Spending on Goods, both durable and non-durable, tumbled by $34.6 billion offset by $33.9 billion jump in spending on services. This was the biggest drop in Spending since Jan 2015…... -
Finance 0
Five Undervalued Companies For Enterprising Investors Near 52 Week Lows
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies reviewed by ModernGraham trading closest to their 52 week low. Each of these companies has been determined to be suitable for the Enterprising Investor according to the ModernGraham approach. Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, and therefore need to select only the companies that present the least amount of risk. Enterprising Investors, on the other hand, are able to do substantial research and can sele... -
Finance 0
E The Daily Shot And Data – February 1, 2016
Once again, we begin with Japan. Speculative accounts’ net yen position had spiked in recent weeks. That must have been extremely painful on Friday morning as the yen gave up almost 2%. It will be interesting to see who got caught in this surprise BoJ move. Source: Investing.com In the bond markets the 10-year JGB yield falls below 7 basis points this morning, a new record low, … … while the 5-year yield moves deeper into negative territory. Will this force JGB investors into “riskier” domestic markets or just send them abroad? In fact according to JPMorgan (via the Financial Times), the total balance of governme... -
Finance 0
Google Is Primed For Strong Q4 Earnings: Here’s What To Expect
Photo Credit: Vince Smith Alphabet Inc. (GOOGL) Information Technology – Internet, Software & Services | Reports February 1, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of $8.17 and revenue of $16.892 billion, roughly in-line with Wall Street’s estimates The reorganization to Alphabet will provide investors transparency and accountability for the company’s investments Alphabet is on the verge of passing Apple as the most valuable company in terms of market cap What are you expecting for GOOGL? Get your estimate in here! Alphabet, the Google holding company, is scheduled to report fourth quarte... -
Finance 0
Aetna Q4 Earnings Beat Estimates, Guides For 2016
Aetna Inc. (AET – Analyst Report), is one of the largest commercial health and benefits insurers providing health insurance and related products. The company is diligently working towards its proposed acquisition of one of the largest names in the managed care space, Humana Inc. The buyout will help Aetna to climb up the ranks in the industry. The company has a diversified revenue stream that helped it survive challenging industry environment. Also over the years, Aetna has positioned itself well to accommodate in the changing industry by investing in information technology both by growing organically and making acquisitions. Aetna al... -
Finance 0
Pure Insanity
“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.” – Friedrich Nietzsche Can we all just step back for a moment and consider the complete insanity that is gripping markets? December ended with the first Fed interest rate hike in nearly a decade after years of talk that rates would rise. The Federal Reserve was lauded for doing the right thing after the financial crisis, supporting asset markets. The time had come, the economy could withstand higher rates, and 2016 looked hopeful. Then, what happens? Stocks have the worst first week of performance in history. Second week continued to m...
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