Category Archive: Finance
Stocks To Watch: URI, JEC, ARRS
Today’s stock picks Long United Rentals (URI) Long Jacobs Engineering Group (JEC) Short Arris International (ARRS)
Sensex Opens In Green; Biocon Surges 4.7%
Asian stock indices are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.38% while the Hang Seng is up 0.59%. The Shanghai Composite is trading up by 0.33%. Wall Street ended flat yesterday as media stocks slumped while healthcare gained. Back home, share markets in India have opened the day on a positive note. The BSE […]
One-Two Punch
Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB) DOW – 22 = 21,784 SPX – 0.44 = 2465 NAS + 4 = 6397 RUT – 3 = 1398 10 Y – .05 = 2.06% OIL – .07 = 49.09 GOLD + 15.10 = 1349.60 Top Cryptocurrencies Name Symbol Price USD Market Cap Vol. Total Vol. […]
August 2017 Cash Deficit: $158B
The estimated US Cash Deficit for August 2017 came in at $158B, $7B higher than last August as revenue faltered and outlays were up a smidge. Looking at the YTD revenues are running 3.3% higher while outlays are running 2.1% higher, and at $460B, the deficit through 8 months is 16B under last year’s $476B. […]
3 Month Debt Ceiling Increase
Trump-Pelosi-Schumer Deal On Wednesday, the stock market rallied slightly lowering the possibility of the first 3% selloff of the year occurring this week. Those who described the selloff on Tuesday as devastating because it was the worst day since August 17th look silly because a normal day wiped half of it away as the S&P 500 was up […]
Market Overview – Thursday, Sept 7
Junk Bonds do a fairly good job of confirming the short-term trend. At the moment, this chart is saying that the short-term uptrend is intact, but that it is time to watch for signs of the next downturn. New 52-week lows are well below the level where they indicate selling pressure. The bullish percents are […]
Prodigal Son In Hot Water!
Our Modern family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase. This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not been feeling right for months lagged with the prodigal son (KRE) regional banks, tanking -2.65% along […]
Three Equifax Managers Sold Stock Before Massive Cyber Hack Revealed: Why Not Make Insider Trading Legal?
Equifax reports hackers accessed up to 143 million US consumers’ information. Equifax discovered the breach on July 29. Equifax discovered the breach on July 29. Just today, the public finds out about the breach. In the interim, three Equifax executives dumped about $1.8 million in Equifax shares. Hey, why not? It’s only a “small percentage” […]
Safe Havens On The Rise
Safe havens are rising. They are outperforming U.S. stocks. Safe havens include gold, silver, the Japanese Yen, and U.S. Treasuries. Markets rise and fall with trends. Typically, a trend send a group of assets higher and another group of assets lower. Since last summer stocks have been trending higher driven by a rise in interest […]
Enough With The Labor Shortage Already, It Doesn’t/Can’t Exist
Can we finally put to rest all notions that the US economy is at full employment and doing well, and therefore wage inflation is right around the corner? I suspect not. This dance has been ongoing for years now, continuing through what was nearly a recession, so there is little reason to believe that economists […]
