Bitcoin’s Price Drop Not A Buying Opportunity
“Paul, what do you think of bitcoin?” If you read my ll, you know that I believe bitcoin is real. However, the current mania for it looks unsustainable. Now, bitcoin fans and owners are going to disagree with me. After all, how can you really argue with their success? On December 31, 2016, you could buy […]
Five Decades Of Middle-Class Wages: October 2017 Update
We’ve updated this series to include yesterday’s release of the Consumer Price Index as the deflator and the October monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,441, down 12.8% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government […]
Junk Bounce
Today’s buy-a-palooza is neatly represented by the surge in high-yield bonds, such as JNK: ……and the high-yield corporate fund HYG:
Bitcoin’s Success Is Excellent News For Gold
2017 isn’t over yet but one could say, without a doubt, it has been a good year for Bitcoin – from 1,000 dollars at the start of January to more than 7,000 dollars in November! All records have been broken and there is still a lot of room for it to progress, given the many […]
Nvidia The Guaranteed Way To Make Money In The Stock Market?
Have you heard of Nvidia (NVDA)? They are the jewel of the stock market right now and for good reason. The company is hitting on all cylinders. But when a stock price endlessly rises, investors get nervous thinking it will soon reach its peak and then trend lower. While this is a valid concern, it […]
NetApp’s (NTAP) Q2 Earnings And Revenues Surpass Estimates
NetApp Inc. NTAP reported fiscal second-quarter 2018 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate of 69 cents per share. The figure surged 35% on a year-over-year basis and was also within the guided range. Revenues of $1.42 billion increased 6% from the year-ago quarter, surpassing the Zacks Consensus Estimate of $1.38 billion. […]
JPMorgan Says Sell Several Hotel Stocks After Recent Outperformance
In a research note this morning, JPMorgan analyst Joseph Greff downgraded Chesapeake Lodging Trust (CHSP), Sunstone Hotel (SHO) and LaSalle Hotel (LHO) to Underweight, a sell-equivalent rating, pointing to recent outperformance, valuation, and fundamentals and outlooks that he still sees as soft. SELL AFTER OUTPERFORMANCE: In a research note to investors, JPMorgan’s Greff downgraded Chesapeake […]
Best Buy Shares Slide Following Weak Q3 Earnings
Best Buy (NYSE: BBY) On Thursday before the market opened, Best Buy ($BBY) announced third quarter results that missed analyst expectations and sent shares sliding in the premarket. The company announced earnings per share of 78 cents on $9.32 billion in revenue while analyst were looking for 78 cents per share on $9.36 billion in revenues. However, […]
Exploding Ecommerce Sales Drive Wal-Mart To Its All-Time High
Wal-Mart (WMT) is one of the most well-known retailers in the world thanks to its global presence and every day low prices. It is also a very popular dividend growth stock. With 44 years of consecutive dividend increases, Wal-Mart is a member of the exclusive Dividend Aristocrats index – an exclusive group of dividend stocks with 25+ […]
The Reason Bitcoin Isn’t Money
You could buy a Domino’s pizza with bitcoin if you wanted to. A large pepperoni pizza will cost about $13. The cost to process the transaction with bitcoins will add about 88% to the price. That’s right. You must pay to use bitcoins. This isn’t unusual. You also pay to use a credit card, PayPal […]
