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  • Finance 0

    I Go Broke When…

    The truth is that I always go broke when I stop reading. Before I started my first business I was obsessed with reading everything I could. Fiction (because I wanted to write novels) and non-fiction (because I loved technology and something called “The Internet” was just starting). And then I started reading books about business because the Internet and entertainment and my life all seemed to be merging with business. My first business was creating websites for people. My second business was creating “mobile websites” for people, which really didn’t exist then. In between the first and second business I played poker for 365 days. Ev...
    On January 29, 2016 / By
  • Finance 0

    Mainstream Media Starting To Sound The Recession Warning Siren

    Ever since the Federal Reserve raised interest rates in December, Peter Schiff has insisted that the state of the US economy didn’t justify the move. In fact, on numerous occasions, Peter has said the US may already be in a recession. If not, we are on the verge of entering one. Earlier this week, Peter reiterated this message during an interview on Newsmax: I think the US economy has already reentered recession. I think the current recession we are in is going to be worse than the one we left in 2009, and I think the Fed is going to be back to its old tricks of 0% interest rates and another round of quantitative easing.” Now it seems ma...
    On January 29, 2016 / By
  • Finance 0

    MasterCard Beats Q4 Earnings On Higher Purchase Volumes

    MasterCard Incorporated (MA – Analyst Report), operates the world’s second-largest retail electronic payments network. MasterCard continues to drive growth through increased cross-border volumes and improved pricing along with consistent growth of processed transactions. MasterCard has been consistently expanding its geographic footprint, which has resulted in an increase in membership. This, in turn, is expected to boost the revenues of the company. New global agreement wins and tie ups with regional banks in U.S. has also increased its client base.  Moreover, MasterCard enjoys ample competitive advantage and a sufficiently r...
    On January 29, 2016 / By
  • Finance 0

    E Another Nail In The Nuclear Coffin

    Southern California Edison (SCE/PF) has announced that it is permanently shuttering its controversial nuclear power plant at San Onofre, California. The move is only the latest in a series of closures implemented by utilities around the country, and could well spell the end of this flagging industry. This is further dismal news for holders of ETF’s in the sector, like the Market Vector Uranium + Nuclear Energy ETF (NLR) and Cameco (CCJ). SCE’s problems started in July, 2012 when a faulty steam generator tube released a small amount of radioactive steam and the plant was immediately shut down. An inspection revealed that 3,000 additional t...
    On January 29, 2016 / By
  • Finance 0

    Focus Will Be On The Allergan Merger In Pfizer Q4 2015 Earnings

    Pfizer (NYSE:PFE) was a slow-moving, and slow-growing, maker of branded medicines that hit it big on the cholesterol-lowering drug Lipitor, the anti-depressant Zoloft, and became the poster child for the “patent cliff,” the collapse of brand-name drug companies that was threatened by the expiration of patents. Flickr Lipitor and Zoloft are now off patent, and while Pfizer benefited from the new drug boom of the decade’s first half, its gains were relatively modest, the Pfizer stock price going from about $20/share to a little over $30. Source: Pfizer stock price chart by amigobulls.com All was quiet until November 23, when Pfizer ...
    On January 29, 2016 / By
  • Finance 0

    Chart Review: Propensity For Panic

    In this video series, we take a look at the panic that has gripped the stock market in the first month of 2016. This review includes several key charts, trends to watch, and important levels we are monitoring at this time. Recorded after the market close on January 28, 2016. A log of our previous videos are posted here. Video Length: 00:10:10...
    On January 29, 2016 / By
  • Finance 0

    Colgate-Palmolive Beats On Q4 Earnings, Sales Miss

    Colgate-Palmolive Co. (CL – Analyst Report), a global dealer in consumer goods, came out with fourth-quarter 2015 adjusted earnings of 73 cents per share that came a penny ahead of the Zacks Consensus Estimate but fell 4% year over year. Including one-time items, the company reported loss per share of 51 cents compared with earnings of 68 cents reported in the prior year quarter. For 2016, the company projects low single-digit decline in earnings per share on a dollar basis. Earnings Estimate Revision: The Zacks Consensus Estimate for 2015 has remained unchanged over the past 30 days, while that of 2016 has been portraying a downtre...
    On January 29, 2016 / By
  • Finance 0

    Bank Of Japan Adopts Negative Interest Rates: Surprise, Surprise We Lied Again; Meaning Of “Now”

    Meaning of “Now” Eight days ago, the Bank of Japan governor Haruhiko Kuroda, said No Plan to Adopt Negative Rates Now. Well, that was then, and this is now. Negative Rates Announced Today we learn Bank of Japan Adopts Negative Interest Rates.   The Bank of Japan has slashed interest rates to minus 0.1 per cent in a shock move that adds a new dimension to its record monetary stimulus. Showing its willingness to expand the policy further, the BoJ said it “will cut the interest rate further into negative territory if judged necessary”. “The bank will lower the short end of the yield curve by slashing its deposit rate on cur...
    On January 29, 2016 / By
  • Finance 0

    DAX 30: Brighter Outlook Following BoJ Surprise Cut

    The bullish outlook for the German DAX 30 (FXCM: GER30) is stronger after the Bank of Japan (BoJ) lowered its deposit by 20bp to -10bp, adopting negative interest rates in a surprise move overnight. This has boosted risk-appetite, the Japanese Yen, and Japanese stock market (FXCM: JPN225). It’s hard to assess how much the DAX may rise, but prior experiences of monetary easing in Japan have tended to boost stock markets a great deal. The ECB is also expected to cut its deposit rate further at the next meeting and with this in mind, a risk/reward ratio approach and trend following perspective, I would favour the more bullish side. Technica...
    On January 29, 2016 / By
  • Finance 0

    Daily Market Analysis – January 29, 2016

    Video Length: 00:01:59 During the day on Friday, we get several midgrade announcements coming out of Germany, Canada, the United States, and even Japan. With this, we could get quite a bit of volatility during the day but we think that the longer-term trends will eventually win as that is typically the case anyway. 1 – With this being said, we still like the US dollar overall and on the whole are buying positions favoring that currency. Nonetheless, this day looks like it could be a little bit of an outlier in the sense that perhaps the dollar bulls are taking a rest. This should be a very short-term move only, so at this point in time un...
    On January 29, 2016 / By