Newtek Business Services – Chart Of The Day
The Chart of the Day belongs to Newtek Business Services (NEWT). I found the business development company stock by using Barchart to sort today Top Stocks to Own list first for the most frequent nee highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 2/23 the stock gained […]
Buyers Come Back To 20-Day MAs
With indices experiencing small changes, 20-day MAs are starting to look like a defensive point for bulls to work the next rally. The Nasdaq finished higher after a defensive push off its 20-day MA. This didn’t make any significant changes to the technical picture, but it does suggest the possibility a new swing low is […]
E Facebook’s Management Team Gets Stronger
Facebook’s (FB) management team continues to get stronger with the recent addition of Susan Taylor as the chief accounting officer. Ms. Taylor comes over from LinkedIn (LNKD) where the company was focused on the white-hot social and mobile side of the economy, so this seems to be a brilliant pickup as she fits in well […]
EC Here Comes “The Fed Is Meeting!” Folly, Right On Schedule
If the past is prologue to the future, a 0.25% rate increase will send thousands of issues tumbling 3, 4, 5% and more. Is it possible the portfolios of the income stocks and mutual funds (ETF, CEF or open-end) you own will be yielding 3, 4 or 5% less the day or month after the […]
Massive Cascade Of Eurozone Defaults Coming Up
As soon as any major country exits the Eurozone (and possibly some lesser ones), a cascade of defaults, unparalleled in history will commence. The only way to stop such a cascade would be if the ECB guaranteed (printed) enough euros to cover losses. Meanwhile, the already high Eurozone default risk keeps rising. From Eurointelligence via […]
Triple-Energy Whoosh
Since the god-damned bulls got eight years to suck off the government teat, how about we bears we an eight years of destruction and mayhem, just to even the score? I could really get used to a market like this, where my short positions fall every single day. One other success is a long position, but don’t get fooled into thinking […]
J.Jill Debuts On NYSE Amid Continued Negativity On Retail Names
As an unloved retail sector continues to grapple with the rise of e-commerce alongside declining mall and department store traffic, research firm Mizuho downgraded multiple names in the space Thursday on the industry’s still-cloudy outlook. The firm’s recommendation coincided with J.Jill’s (JILL) launch on the New York Stock Exchange, which was met with lukewarm response […]
Ulta Beauty Inc. 4Q Earnings Beat, But 2017 Forecast Mixed
Ulta Beauty Inc. (NASDAQ:ULTA) late Thursday [Mar 9, 2017 | 4:00pm] posted market-beating fourth quarter results, but its mixed 2018 outlook sent investors rushing for the exits in aftermarket trading.
Gold’s Relationship With Inflation
Back at the top of the year, we wrote ETF prescriptions for the higher interest rate and inflation environment likely to emerge under the new administration (see “ETFs For High Rates And Inflation,”). Of the 11 ETFs we highlighted, none were gold portfolios. Why, several people asked me, did we forget bullion? Isn’t gold an inflation […]
