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The Strange State Of The Market, March 11, 2017

The Strange State Of The Market, March 11, 2017

Last week I reviewed Why This Market Reminds Me Of 1999: “While there is much hope the new President, and his newly minted cabinet, will “Make America Great Again,” there can be a huge difference between expectations and reality. And, like in 1999, there is just the simple realization that eventually excesses will mean revert. But like I […]
6 Best Stocks For Value Investors This Week – March 11, 2017

6 Best Stocks For Value Investors This Week – March 11, 2017

I evaluated 44 different companies this week to determine whether they are suitable for Defensive Investors, those unwilling to do substantial research, or Enterprising Investors, those who are willing to do such research. I also put each company through the ModernGraham valuation model based on Benjamin Graham’s value investing formulas in order to determine an intrinsic value for […]
Platoon Of Driverless Trucks Test Cooperative Adaptive Cruise Control (CACC)

Platoon Of Driverless Trucks Test Cooperative Adaptive Cruise Control (CACC)

A platoon of driverless trucks equipped with Cooperative Adaptive Cruise Control (CACC) appeared on the 110 freeway in San Pedro. The system controls speed, braking, and spacing of the convoy. The goal is to increase safety and fuel economy. Three big rigs barrelled up and down the 110 Freeway on Wednesday, mirroring one another in a tight […]
Rebalancing The Oil Market: Issues To Watch

Rebalancing The Oil Market: Issues To Watch

The ruinous tussle for market share between tight oil producers in North America and, in the main, members of Organization of the Petroleum Exporting Countries, OPEC, saw crude oil prices slump by more than 70% from the second quarter of 2014 to twelve-year lows in the first quarter of 2016. Prices have rebounded somewhat, driven by […]
Large Gross Position Changes Capture Currency Contract Rolls

Large Gross Position Changes Capture Currency Contract Rolls

The net speculative positioning in most of the currency futures did not change very much in the Commitment of Traders reporting week ending March 7.  However, there were several significant gross position changes. The rolling from March to June futures contracts is creating this distortion.   This activity also helps explains another characteristic of the activity. In […]
Economic Data Forecasts For The Weeks Of March 13 And March 20

Economic Data Forecasts For The Weeks Of March 13 And March 20

Here are my forecasts for upcoming economic data.         Forecast Prior Observation Consensus   Week of March 13         March 14         NFIB Small Business Optimism Index 105.0 105.9 105             Producer Price Index – February 0.1% 0.4 0.1   PPI […]
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                        First SPX Loss In Seven Weeks

E First SPX Loss In Seven Weeks

VIX had an inside week, closing above Short-term support at 11.20 but beneath its Intermediate-term resistance at 11.81.  An aggressive buy signal may be forthcoming should the VIX rally back above its Intermediate-term resistance.  The breakout above its consolidation area may produce a slingshot move.   (CNBC)  A striking stat about the CBOE Volatility Index […]
Century Communities: Good Growth For A Cheap Price

Century Communities: Good Growth For A Cheap Price

Century Communities (CCS) just made a new all-time high and yet it is still a cheap stock. CCS sits at a 0.5 price/sales ratio, 1.1 price/book ratio, 10.7 trailing P/E, and 7.6 forward P/E. Home builders typically hit 1.0 price/book ratios at the BOTTOM of a recessionary cycle. The response to CCS’s latest earnings report […]
Is Amazon (AMZN) Eyeing The Indian Grocery Market Next?

Is Amazon (AMZN) Eyeing The Indian Grocery Market Next?

Amazon.com Inc. (AMZN – Free Report) is gearing up to be a major retailer in the rapidly growing Indian grocery market. Apart from being a prominent e-commerce platform provider, the company is planning to open brick-and-mortar stores in the country. Reportedly, the company is seeking license under a June legislation that now allows 100% foreign direct investment […]
Testing Week Ahead For Crude Oil Prices

Testing Week Ahead For Crude Oil Prices

Crude oil prices have broken to the downside over the past few days, finally reflecting the ongoing imbalance between plentiful supply and limited demand. West Texas Intermediate (WTI) crude dropped at one point to its lowest level since November 30, the day the Organization of the Petroleum Exporting Countries cartel agreed to cut output for the first […]