Category Archive: Finance, No picture
What Can Kill A Useless Currency
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don’t like it / . When they do, they will repudiate it. That […]
Big Blue’s Big Buy
US stock futures are higher this morning giving hope to the idea that last week’s sell-off may have run its course. The Nasdaq is leading the way higher as tech stocks outperform on news of IBM’s purchase of Red Hat (RHT) for more than a 50% premium over Friday’s closing price. The $190 cash offer […]
Monday Market Madness – IBM’s $33Bn Shopping Spree Gives Tech Investors Hope
Hope. It’s a powerful thing. IBM (IBM) announced over the weekend that they will be buying Red Hat Software (RHT) for $33Bn which is more than 50% over Friday’s $20 close at $116. I noted in our chat room this morning that $33Bn may have seemed less ridiculous as IBM began negotiating with RHT, probably […]
PCE Price Index: September Headline & Core – Monday, Oct. 29
The BEA’s Personal Income and Outlays report for September was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.12% month-over-month (MoM) and is up 1.99% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.15% MoM and 1.97% YoY. Core PCE is just […]
Bull Of The Day: Turtle Beach (HEAR)
Turtle Beach (HEAR – Free Report) is a $260 million maker of headphones for gamers whose stock exploded higher this year after surprising investors and analysts with big sales and profit growth. In fact, its sales this year are expected to grow 78% and exceed its market cap, giving it a very attractive price-to-sales valuation of under 1.0. […]
Danger Points
Oil prices have reached a critical danger point as selling comes in on fears of a slowdown in economic growth. Recent increases are giving the market a sense of security that supplies will be more than ample to weather whatever comes. Yet, the market’s complacency about where we are with supplies is based solely on […]
Morning Call For Monday, Oct. 29
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +1.03%) this morning are up +0.77% and European stocks are up +1.02% on strength in technology stocks. M&A activity gave the technology sector a lift as Red Hat surged 52% in pre-market trading after it was purchased by IBM for about $33 billion. A rally in automobile stocks […]
Sensex Surges 718 Points; Pharma Stocks Lead Gains
After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day in above the dotted line. All sectoral indices traded in green, with stocks in the pharma sector and stocks in the realty sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 718 points (up 2.2%) and […]
Will October’s Swoon Turn Into A November Boon For Investors
February was a difficult time for investors, having to grin and bear the first market correction in roughly 2 years. Some investors in the market threw in the towel so to speak, others staid the course and were rewarded for their longer-term vision. And so here we are once again on the cusp of another […]
Goldman Upgrades Ford To Buy With 40% Total Return Potential In 12 Months
Goldman Sachs analyst David Tamberrino upgraded Ford Motor (F) to Buy and raised his price target for the shares to $12 from $9. While the analyst still expects a “downward earnings trajectory” into 2019 as North America profit remains under pressure, he believes next year will represent “trough earnings” for Ford. The combination of a […]
