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Finance 0
Lonesome Tom And Tom Alone
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 222 = 15,944 SPX – 20 = 1882 NAS – 99 = 4468 10 Y + .01 = 2.00% OIL + .71 = 32.16 GOLD + 5.00 = 1125.70 Stocks started the session down, a little over 150 points, then rallied and turned positive, then the Fed released its policy statement to wrap up its two-day FOMC meeting, and stocks fell again; 350 points from peak to trough, even though there was no surprise in the statement. The Federal Reserve statement had a few changes from the last statement. First, there was no change in interest rates – as expected. The Fed says it expects the economy w... -
Finance 0
E Wall Street’s Rationales For Investing
Wall Street’s rationales for investing are eclipsed only by the spin of political correctness that has portrayed everything as being better, if not great. Even the FOMC Statement today gave hints of imbalances that the Fed either doesn’t understand, dares not describe, or would simply negate the public reasons for hiking rates. We felt this is what they would do even though, after the recovery cycle had peaked last summer, it was of course too late and would thus backfire. So they left it to the uncertain category that leaves lots to the eyes of beholders (read it dovish or hawkish, as one wishes). Candidly the markets were turn... -
Finance 0
UBS: Here’s Why It’s Time To Buy Gold
Written By Mark O’Byrne (goldcore.com) (edited and abridged by MunKnee staff) UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016?, it is time to “buy gold”. Analysts Michael Riesner and Marc Müller believe the bear market that has dominated the price of gold since 2011 is nearing a bottom, with the “basis for the next multi-year bull market” now taking hold: “Gold has been trading in a cyclical bear market since 2011. In 2016, we expect gold and gold mines moving into an 8-year cycle bottom as the ba... -
Finance 0
Sandisk Stock Rising On Q4 Earnings, Revenue Beats
Sands Corp. (SNDK – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.05 and revenue of $1.543 billion. Currently, SNDK 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. Sandisk: 1. Beat earnings estimates. The company posted $1.05, soaring past our Zacks Consensus Estimate of $0.73. 2. Beat revenue estimates. The company saw revenue figures of $1.543 billion, surpassing our estimate of $1.439 billion. 3. Posted net income of $135 milli... -
Finance 0
Dow Jones Industrial Average Slumps 222 Points As Fed Spooks Markets
How Did the Stock Market Do Today? Dow Jones: 15,944.46; -222.77;-1.38% S&P 500: 1,882.95; -20.68; -1.09% Nasdaq: 4,468.17; -99.51; -2.18% The Dow Jones Industrial Average today (Wednesday) fell more than 222 points after the U.S. Federal Reserve released a worrisome statement on the global economy and maintained interest rates at current levels. The Fed acknowledged that the global economy cooled in the wake of its December meeting and said it is “closely monitoring” ongoing financial and economic developments. Here’s what today’s Federal Reserve meeting means for investors for the months ahead. The CBOE Vo... -
Finance 0
Bloomberg TV Interview–Italian Banks And FOMC
I was a guest on “What’d You Miss” on Bloomberg TV this afternoon, shortly after the markets closed. Alix Steel, Joe Weisenthal, and Scarlet Fu, and I discussed two main issues. The first was the EU’s approval, finally, of the establishment of a “bad bank” in Italy. It will ostensibly help address the bad loan problem that has been one of the factors that have prevented a stronger recovery in the third largest country in the euro area. I wrote about it here, but am disappointed with the final package. Although I do not want to put the kibosh on a program that has not even started, but I am not optimistic... -
Finance 0
Stock Market On Verge Of Crash
Last weekend, we noted that the cyclical top in the stock market had entered an important phase of its development. The massive distribution pattern that has been forming since 2014 indicates that the cyclical bull market from 2009 likely terminated in July of last year. The potential cyclical downtrend from July is testing critical support in the 1,880 area on the S&P 500 index. A subsequent weekly close well below that level would signal an acceleration of the decline into a true market crash and predict substantial additional losses. From a short-term perspective, we have been monitoring closely the character of the latest cycle that ... -
Finance 0
The Safety Net: Is An “A” Rating Two Weeks Away For This Company?
Shares of Diebold (NYSE: DBD) are down 24% in just the past two months, pushing its dividend yield to an attractive 4.2%. But can investors rely on that dividend in the future? Diebold makes ATMs, automation software, security products such as vaults, and a host of other products. The company has an excellent track record when it comes to paying dividends. It began paying shareholders in 1999 and has raised the dividend every year since. For the past four quarters, free cash flow was $106.7 million. It paid out $75.4 million in dividends, a payout ratio of 70.7%. I like to see a payout ratio of 75% or below, so Diebold is in my comfort zone... -
Finance 0
PayPal Beats 2015 Q4 Earnings Estimates
PayPal Holdings Inc. (PYPL – Snapshot Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.32 and revenue of $2.6 billion. Currently, PYPL 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. PayPal: 1. Beat earnings estimates. The company posted $0.32, beating our Zacks Consensus Estimate of $0.28. PayPal’s EPS figure excludes $0.02 from non-recurring items. 2. Beat revenue estimates. The compan... -
Finance 0
E What Exactly Is The Fed Thinking? Avoid Catching Falling Knives
Fed Talk Today, the much anticipated FOMC press release was as this author expected: the Fed stalled on raising rates again, claim everything is being monitored. In December, Yellen was bullish enough on the economy to raise the Fed Funds Rate by a paltry .25% and voiced expectations of gradually increasing the rate higher throughout 2016. But in January the Fed didnt raise rates further – this is what was said: “Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvemen...
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