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“Where’s Mark?” CEO’s Silence On Cambridge Analytica Is Making Facebook Employees Uneasy

“Where’s Mark?” CEO’s Silence On Cambridge Analytica Is Making Facebook Employees Uneasy

Following reports last night that Facebook’s Chief Security Officer Alex Stamos would be leaving the company after purportedly refusing to buckle to pressure to prioritize corporate profits over protecting users, Facebook said Tuesday that it would be hosting an “emergency town hall meeting” to allow employees to ask questions about the company’s relationship with Cambridge Analytica. […]
Hormel Foods: 52 Years Of Dividend Growth And Counting For This Dividend King

Hormel Foods: 52 Years Of Dividend Growth And Counting For This Dividend King

Hormel Foods (HRL) has a 52-year history of consecutive annual dividend raises, putting it in a group of select companies that can make such a claim. This track record allows Hormel to count itself among the elite Dividend Kings, a small group of stocks that have increased their payouts for at least 50 straight years. […]
Technically Speaking: The “Walking Dead” Market – 3000 Or 1500?

Technically Speaking: The “Walking Dead” Market – 3000 Or 1500?

In May of last year, I wrote a blog post debating the likely path of the market through 2019. To wit: “The chart below is a Fibonacci retracement/extension chart of the S&P 500. I have projected both a 123.6% advance from the 2009 lows as well as a standard 50% retracement using historical weekly price […]
Should Nordstrom Acquire Stitch Fix?

Should Nordstrom Acquire Stitch Fix?

Billion Dollar Unicorn club member Stitch Fix (Nasdaq: SFIX) went public in November last year. It had a choppy start to the listing as its unique business model puzzled the analysts. Stitch Fix operates a hybrid model of subscription and transaction revenue services. Customers subscribe to receive a supply of apparel that Stitch Fix’s stylists and algorithms […]
Bonds: Repulsive

Bonds: Repulsive

The big Fed announcement/press conference/dot plot update isn’t until tomorrow, but let’s take a quick look at how bonds are doing in advance of the big day. I confess I was getting jumpy about the strength bonds had been showing, including a pretty decent-looking basing pattern. Mercifully, a long-term trendline saved the day. Look how […]
The Big Four Economic Indicators: February Real Retail Sales

The Big Four Economic Indicators: February Real Retail Sales

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
Pre-Market Acts As If It Wants To Bounce

Pre-Market Acts As If It Wants To Bounce

My Swing Trading Approach I am 100% cash at the moment, but will give the market some time this morning to determine the direction it wants to take. I will follow the trend of the market today and trade accordingly, while keeping my exposure small for now.  Indicators VIX – Lost about half of its gains […]
The Distribution And Redistribution Of U.S. Income

The Distribution And Redistribution Of U.S. Income

The Congressional Budget Office has published the latest version of its occasional report on “The Distribution of Household Income, 2014” (March 2018). It’s an OK place to start for a fact-based discussion of the subject. Here is one figure in particular that caught my eye. The vertical axis of the figure is a Gini coefficient, which is […]
Morning Call For Tuesday, March 20

Morning Call For Tuesday, March 20

Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.15%) this morning are up +0.06% as a +1.03% rally in May WTI crude oil (CLK18 +1.30%) lifts energy stocks. Pressure remains on technology stocks, though, following Monday’s sell-off with Oracle down 8% in pre-market trading after it reported Q3 cloud revenue that missed estimates. Also, trade […]
Delete Facebook

Delete Facebook

The global stock market sell-off continued yesterday and bearing the brunt of it were shares in the world’s largest social network. Facebook fell a whopping 6.77% during yesterdays session after it was revealed that a massive data breach allowed Cambridge Analytica to harvest the personal information of 50 million users without their permission and use it in the […]