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Archives by Year:
Interest Rate Tsunami Waves Spotted Just Offshore
We should all be familiar with the aphorism, “as real estate goes so goes the economy.” Anyone ignoring that economic axiom was completely blindsided by the Great Recession of 2008. Well, the collapse of the Everything Bubble most certainly includes the real estate market…and this time around will definitely not be different. The plain and […]
7 GARP Stocks To Scoop Up For Maximum Returns
Investors on the lookout for stocks with the potential for maximum growth and value investing may consider the growth at a reasonable price or GARP strategy. This popular strategy helps investors gain exposure to stocks with impressive growth prospects that are trading at a discount. GARP investing employs popular value metrics — price-to-earnings (P/E) and […]
Netflix Slides After Citron Says “Short To $300”, “Stranger Things Are Happening”
Having hit an all-time high last week, and repeatedly crushing skeptics such as David Einhorn and his short basket, Netflix appears simply unstoppable. It did stop, however, and drop nearly 2% moments ago when short seller Citron Research tweeted that it’s time to short the stock back to $300 as “content spend is unsustainable in […]
The Importance Of Return On Capital
One grossly over-looked factor in investing is Return on Invested Capital, or ROIC for short. In business, ROIC is everything. It is a measure of how efficiently a company employs its resources to generate profits or, more importantly, free cash flow. But ROIC is rarely a prominent statistic on any financial websites (except this one). Many […]
Global Trade Negotiations Remain Rocky
South Korean Finance Minister Kim Dong-yeon announced on Monday that “[South Korea] will make clear what our stance is […and] deploy all possible means to respond to U.S. steel tariffs measures and make an all-out effort.” South Korea is the third-largest exporter of steel to the United States and it has already filed a request […]
EUR/USD Drops To Support, USD Range Expands Ahead Of CPI, FOMC
US INFLATION DATA THIS WEEK – FOMC NEXT WEEK The next couple of weeks are lining up to be quite interesting for the US Dollar, particularly after last week’s robust NFP print. Non-Farm Payrolls blew through the expectation of +205k to print at +313k, but lagging Average Hourly Earnings was a bit of a hindrance and the net […]
The Bear’s Lair: De-Globalization Gathering Momentum
President Trump’s sudden announcement of tariffs on steel and aluminum is by no means unprecedented – Presidents Reagan and George W. Bush took similar actions. Yet it emphasizes a reality first pointed out in these columns in 2010 and in a presentation later that year: the globalization project, beloved of Whig economists and big-government types everywhere, is […]
Where The Risks Are: A Spider Web Of Financial Excess
One of the more striking – if underreported – developments last week, was stalwart dove Lael Brainard turning what, for her, counts as hawkish at an event in New York. The similarities between her comments and those that emanated from Jerome Powell during his first testimony on Capitol Hill as Fed Chair were notable. Specifically, she parroted the […]
5 Great Stocks This Week
I evaluated 39 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 […]
Super-Duper-Irrational Exuberance
Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance? Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to […]
