Category Archive: Finance, No picture
Sensex Opens Marginally Up; Metal & Energy Stocks Gain
Asian equities are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is up 0.2%. The Shanghai Composite is trading down by 0.4%. Meanwhile, the S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism […]
Material ETFs Gaining On Solid Q2 Earnings
With the Q2 earnings season in high gear, almost all sectors are seeing busy trading sessions. In particular, the basic materials sector has been in the spotlight with earnings of about 49% of the total market capitalization that have reported so far up 42% on 11.7% revenue growth. Though earnings growth has been the fourth highest so […]
After Taunting Shorts With Threats Of “Unreal Carnage”, Musk Buys Another $25MM In Tesla Stock
Elon Musk’s feud with Tesla shorts is not business, it’s just personal. One month ago, after lashing out at some vast, anti-Tesla conspiracy (technically, he has a point, Tesla (TSLA) is the most shorted US stock for good reason) in the aftermath of the company’s bizarre earnings call debacle Musk first warned shorts that “oh and […]
Trump To Slap $16 Billion In New Tariffs On Chinese Imports Starting August 23
Completing the latest round of tariffs pledged against China, the US Trade Representative announced on Tuesday (after the close of course) it will impose 25% tariffs on $16 billion worth of Chinese imports starting August 23. The new round of tariffs completes Trump’s previously disclosed threat to impose $50 billion of import taxes on Chinese […]
Dividend Income Update July 2018
It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios. On a side note, July was the first time ever I did not reinvest my dividends. This isn’t by choice, rather my broker, Capital One […]
Tesla Discloses Email Sent To Employees About ‘Taking Tesla Private’
An email was sent to Tesla employees today by CEO Elon Musk that stated in part: “Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward. First, a final decision […]
Diving Into The Metals Selloff
(Audio length 00:12:45) Doc joins me to breakdown the selloffs in the precious metals. After the 21 level in GDX was broken we need to look at what that means for the stocks going forward.
Disney Falls After Earnings Miss
(Video length 00:03:24) CNBC’s Julia Boorstin reports quarterly earnings from Disney.
Prince Alwaleed Buys A 2.3% SNAP Stake, As Snapchat Users Shrink For The First Time Ever
Having spent an extended period of time as a “guest” in the Riyadh Ritz Carlton in late 2017, when he was “shaken out” for an unknown amount by Saudi Crown Prince Mohammed bin Salman in a “crackdown on corruption”, before reaching an amicable if unknown settlement, Saudi Prince Alwaleed bin Talal is once again back […]
Saudi Arabia Expels Canada Diplomat And Will Stop Buying Canadian Wheat, Barley
Canada asked Saudi Arabia to free activists. In response, Saudia Arabia told Canada to butt out of its internal affairs. Trade tensions are heating up and this time it is Canada in the spotlight. A Saudi Arabian Agency Stops Buying Canadian Wheat, Barley as a diplomatic dispute escalates. Saudi Arabia’s main state wheat buying agency has told […]
