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One Of The Five Safest MLP Distributions

One Of The Five Safest MLP Distributions

Despite a strong economy and stock market and a rebound in oil prices, master limited partnerships (MLPs) are struggling to keep up. Magellan Midstream Partners (NYSE: MMP) has had a rough year from a stock price performance standpoint. However, in terms of income, the partnership is performing well. The company has raised its distribution in each […]
WTI Crude Oil And Natural Gas Forecast – Thursday, November 23

WTI Crude Oil And Natural Gas Forecast – Thursday, November 23

WTI Crude Oil The WTI Crude Oil market rallied significantly during the trading session on Wednesday, reaching towards the $58 level again. The $50 level course has been resistive in the past, and the fact that we are closing right around that level is a good sign. However, the futures market will be thin electronic […]
ShotSpotter: Bracing For A Bear Raid

ShotSpotter: Bracing For A Bear Raid

ShotSpotter (SSTI) first came to my attention three months ago. After reviewing the company’s first earnings as a public company, I became convinced that the company’s gun detection technology and business had enough potential to be worth a speculative investment. I proceeded to accumulate shares at lower prices and at a higher price ahead of the company’s […]
Pound Gains Traction Ahead Of Budget

Pound Gains Traction Ahead Of Budget

The British Pound was gaining traction during trade on Wednesday as traders appear uncertain of the currency’s direction ahead of the looming budget statement from Philip Hammond, the country’s finance minister. Analysts largely don’t expect his statement will have any major impact on the Pound, however, as FX traders had already prepared themselves for a […]
The Philippines Offers A Fast Growing Economy With Expensive Stocks To Boot

The Philippines Offers A Fast Growing Economy With Expensive Stocks To Boot

Four Pillars of GDP: Private Consumption and Investment At 6.6%, The Philippines has the second fastest GDP growth in Asia (only India’s is faster). Private consumption and investments are the main drivers of the economy, but net exports created a large drag on GDP growth at -1.6%. Expensive but moderately attractive The Philippines totes the […]
Trading Wisdom From A JP Morgan Vet

Trading Wisdom From A JP Morgan Vet

Every once in awhile a few gems will surface through Wall Street’s noise. Such is the case with a departing note from Jan Loeys, a senior strategist from J.P. Morgan who has been at this game for over 30 years. In his final note, Loeys shares his thoughts on all the hot issues in finance […]
New Zealand Retail Sales Climb 0.2% In Q3

New Zealand Retail Sales Climb 0.2% In Q3

New Zealand retail sales climbed less than expected in the third quarter following the drop in restaurant sales. Sales increased by 0.2 percent in the third quarter, according to the Statistics New Zealand report released on Wednesday. This was lower than the 1.8 percent recorded in the second quarter and the 0.4 percent expected by […]
An Economist Chews Over Thanksgiving

An Economist Chews Over Thanksgiving

As Thanksgiving preparations arrive, I naturally find my thoughts veering to the evolution of demand for turkey, technological change in turkey production, market concentration in the turkey industry, and price indexes for a classic Thanksgiving dinner. Not that there’s anything wrong with that. [Note: This is an updated and amended version of a post that […]
Crude Oil Prices Rise On Hopes For OPEC Output Cuts Extension

Crude Oil Prices Rise On Hopes For OPEC Output Cuts Extension

Crude oil prices rose to the highest level since mid-2015 amid speculation that OPEC will extend a cartel-led production cut scheme at its upcoming meeting. Prices briefly dipped as EIA inventories data showed US stockpiles shed 1.86 million barrels last week. The result topped forecasts calling for a 1.43 million barrel outflow but fell substantially short of the hefty 6.3 […]
USD/CAD Daily Analysis – Thursday, November 23

USD/CAD Daily Analysis – Thursday, November 23

USD/CAD broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 1.2666 had completed at 1.2836 already. Further decline to test 1.2666 support could be expected. A breakdown below this level will confirm that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by […]