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Archives by Year:
Marching Orders: Key Indicator Issues Signal To Reduce Stock Risk
Financial stocks should benefit from phenomenal employment trends as well as rising rates. Yet the Financial Select Sector SPDR (XLF) is down roughly 12% from a 2018 high and down nearly 5% year-to-date. Cyclical stocks should excel in a strong economic environment. Nevertheless, the iShares Transportation Average ETF (IYT) is down approximately 11% from its […]
China’s Currency Bluff To Stop Capital Flight
Looking for a currency bluff? I have one! Yuan Declined 10% Since February The Renminbi (yuan) is down 10% since the end of February and is a risk of breaking 7 per dollar. Currency Threat The Wall Street Journal reports China Puts Yuan Skeptics on Notice as Currency Nears Decade Low. A top Chinese policy maker […]
FV Did IBM Buy Red Hat At A Fair Price?
Introduction On October 23, 2015, I wrote an article titled “Retirees: I Did Not Buy IBM to Sell; It’s about the Dividend Income Stupid.” At the time I published the article, I was long International Business Machine (IBM) and remain long today. With the article, I attempted to illustrate why I was including IBM in […]
Worst October For Junk Bonds Since 2008 As Yields Surge
Yesterday we discussed why as a result of recent weakness in a handful of shale names coupled with overall bearish market conditions, the Barclays High Yield Energy Index spread had blown out to 452bps, the widest since September 2017… … making it the worst performing sector in the Bloomberg Barclays HY Index: Furthermore, this was the biggest […]
Does China’s 2.5 Percent Inflation Rate Really Explain The Decline In The Value Of Its Currency Against The Dollar?
In an article on the decline in the Chinese yuan against the dollar the NYT gave as one explanation: “Inflation has begun to tick upward, and rising prices tend to make holding the relevant currency less attractive.” That one really doesn’t seem plausible to me. In the most recent data, China’s year over year inflation rate was 2.5 percent, […]
E Gold’s Price Action
With today’s price action I can say with about 90% confidence that gold peaked October 26th at $1246. The question now is how far will prices drop and when can we expect the next tradable bottom. Over the last 6-years, gold peaked in October (sometimes early November) and bottomed in December (once in November). From […]
Profit Taken On EUR/USD Short
The ADP national employment report on Wednesday showed that U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September. The U.S. Federal Reserve increased interest rates in September for the third time this year […]
International Game Spikes After Q3 EPS Beats Analysts’ Estimates
Shares of electronic gaming machine maker International Game (IGT) jumped in afternoon trading after the company reported third-quarter results that beat analyst views on the bottom line. PROFIT BEAT: The slot machine maker reported Q3 EPS of 31c on revenue of $1.16B. Analysts were anticipating EPS of 29c on revenue of $1.19B. “Solid performance and […]
Facebook Stock Rallies On EPS Beat
Facebook Stock – Correction Allowed Facebook To Rally Facebook reported a similar quarter to its last quarter. It beat EPS estimates, missed revenue estimates, and missed user estimates. The difference between this quarter and the last quarter is the price of the stock. Its stock was at $217.50 on July 25th. Heading into this report, […]
