Since last June, “local investors” have been restricted to only being allowed to buy shares and disallowed from withdrawing cash from accounts. Those restrictions did not stop the stock market from collapsing further and today authorities have decided to lift those capital controls… the result – ASE has plunged below mid-Summer lows to its lowest since June 2009… authorities have decided to lift those capital controls Capital controls have been in effect in Greece since late June 2015. With their imposition came a three week bank holiday and the shutdown of the Athens Stock Exchange (ASE) until early Augus...
Is now the time for dividend investing? While the dividend investing style is almost always overlooked, it still has a place in many portfolios even though many consider it a ‘boring’ way to growth wealth in a portfolio. Sure investors often prefer growth securities that are increasing earnings or revenues, or securities with value metrics such as low PEs and modest debt levels, but now could actually be an interesting time for dividend investing. That is because markets are still near all time highs, but volatility is definitely returning. High dividend stocks can often be less volatile than their low-yielding or non-dividend pay...
We’re stuck in the middle of the range now: As you can see from Dave Fry’s Dow chart, we’ve been gyrating between 17,200 and 18,250 on the Dow for the entire year. From a mid-point of 17,750(ish), that’s just a 2.5% up or down move before getting pulled back towards the middle – other than the August flash crash which ripped us down to 16,000 – almost exactly 10% off the middle of the range. Range-bound markets can be frustrating to trade if you trade them wrong but it’s perfect for our “Be the House” style since we keep SELLING premium to all the suckers who think the Dow will go up or down m...
First of all, I think we’re all a little sick of hearing whether the Fed will raise rates this month – or whether they should’ve done it sooner. We’re talking about 0.25% if they do it! After seven years of zero interest rate policies, economists should be much more worried about the damage done from speculative bubbles and mal-investments created from such rates. But the reason the markets could have a larger response to a hike is that they’re not used to a one-and-done, which is what I see happening. Instead, they’ve witnessed the Fed going in one direction or the other for significant periods of time. So they assume that once...
Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. I Know First also wrote two articles about Netflix. The first Article was written on Nov 11th, after that T-Mobile announced that they are the first major U.S. carrier to offer unlimited video streaming from Netflix to mobile...
Lululemon Athletica released its third quarter earnings report before opening bell this morning, just edging out earnings estimates but missing on sales. The apparel retailer reported earnings of 38 cents per share, excluding items, and $479.7 million in revenue, a 14% year over year increase, compared to the analyst estimates of 37 cents per share and $481.78 million. Excluding some tax adjustments, earnings were 35 cents per share for the quarter. In last year’s third quarter, the company recorded sales of $419.4 million and earnings of 42 cents per share. Shares of Lululemon Athletica tumbled in premarket trading this morning, falling ...
The best large cap sector is consumer goods. The top large cap industry is cigarettes. The average large cap score is 59.26 and that’s below the four week average score of 59.81. The average large cap stock is trading -19.33% below its 52 week high, -3.26% below its 200 dma, has 4.08 days to cover held short, and is expected to grow EPS by 10.57% in the coming year. Consumer goods score best across large cap. Services, industrials, technology, and financials also score high and can be overweight. Healthcare scores in line with the average universe score. Utilities and basic materials score below average. The best scoring large cap indus...
Extreme volatility and downward pressure have brought the price of crude, as tracked by the United States Oil Fund LP ETF (NYSE Arca: USO), down more than 40% over the past six months. At the same time, we’ve seen remarkable economic and technological developments in the price, availability, and usage of alternative and renewable energy sources like solar, wind, geothermal, and even nuclear. But oil still tends to dictate terms for energy prices across the board – not because it’s the driving force it used to be for actual energy usage, but from the way it’s traded. This complicated relationship can make the overall energ...
As we wind down 2015, the second half of the year has been rather volatile – but in the end, the S&P 500 is about flat for the year. Now don’t forget, the second half of December is historically the best part of the month, so don’t give up on Santa coming to town quite yet. Here’s a chart that seems to turn up each year around this time, so we decided to make our own version. Here are all the US equity annual returns going back 200 years…. but we did it in the form of a Christmas tree! Should the S&P rally a little bit from here, it will finish between 0%-10%, this the most ‘popular’ return going back 200 years. ...