Category Archive: Finance, No picture
Well Known Facts Can Hurt You
Our long-time readers are aware that we analyze the U.S. stock market through the prism of what we call “well-known facts.” A well-known fact is a body of economic information which is pretty much known to all market participants and has been acted on by almost everyone with available capital. Former Intel CEO Andy Grove […]
Foot Locker Shares Up After Positive Earnings
CNBC’s Courtney Reagan reports on Foot Locker’s EPS beat.
New Residential Housing Starts Down Up In October
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential housing starts. The latest reading of 1.228M was above the Investing.com forecast of 1.225M and an increase from the previous month’s revised 1.210M. Here is the opening of this morning’s monthly report: Housing Starts Privately‐owned housing […]
Retailers Hammered By Profit Concerns: Target Down 10%, Kohl’s 8%
A retail sector rout is adding to tech misery. Target, Kohl’s, and Lowe’s lead the action to the downside. The S&P 500 fell into negative territory for the year as Retail Warnings added to the misery of a tech bust in progress. Target Corp shares (TGT.N) slumped 10.28 percent after the retailer’s third-quarter profit missed analysts’ estimates […]
Gold Price Forecast: Monthly-High On Radar Amid String Of Higher-Lows
Gold pulls back from a fresh weekly-high ($1229) despite the renewed rout in risk sentiment, but recent price action keeps the monthly-high ($1237) on the radar as prices for the precious metal extend the recent string of higher-lows. GOLD PRICE FORECAST: MONTHLY-HIGH ON RADAR AMID STRING OF HIGHER-LOWS Keep in mind that gold prices appear to be bound […]
2 Mutual Funds To Buy Ahead Of The Holiday Season
A robust labor market, steadily rising wages and strong household finances have resulted in a surge in household spending across the United States. Further, clothing remains the preferred gift item ahead of what is expected to be a record-breaking holiday shopping season. Even though consumer spending showed signs of cooling last month, industry experts believe […]
2018’s Biggest Winners Turned Into The Biggest Losers This Week
The S&P 500® Index is down approximately 3% on the week and approximately 9.5% from its peak on September 20, essentially wiping out gains for the year. But the selloff is concentrated in a few mega-cap tech companies. The overall Nasdaq 100 is down approximately 13% since September 20. But take a look at some […]
Cryptocurrencies Apocalypse Underway
In the investment world, confidence is one of the most important aspects. It is confidence that makes people invest in small unprofitable companies with the hopes that they will improve. It is also confidence that makes investors like Warren Buffet buy and hold stocks for years. They believe in the company’s products and management. Therefore, […]
Bitcoin To Reach Outlandish Levels?
Bitcoin went berserk. At least in the eyes of cryptocurrency bulls. But what’s happening now is an extension of what’s been going on in the Bitcoin market for months. And the current situation, with all its extreme signs, actually points to one more likely specific outcome. You have got to love it. As Bitcoin depreciates, […]
