The Benefits Of A “Supercharged IPO”
Supercharged IPO is a new and controversial financial transaction that has dramatically increased in popularity over the past few years as companies try to extract as much value as possible from the IPO process. A new white paper from Gladriel Shobe, Associate Professor, Brigham Young University Law School looks at the benefits of these transactions and considered whether […]
Russell 2000 Finishes Neutral; Tech Posts Minor Gains
It wasn’t a particularly exciting Friday but there were some points-of-action of interest. I had tweeted about the weakness in the Russell 2000 but there wasn’t much satisfaction for either side. The Russell 2000 finished with a narrow doji at the 50-day MA. As it failed to close below the 50-day MA bulls will be satisfied with a […]
Tesla Bonds Tumble To Record Low As Trump Tax Plan Kills EV Credits
Elon Musk has a problem… well a few problems, actually. Production on its messianic Model 3 is worse than terrible. Electrek.com reports that as Tesla CEO Elon Musk made clear during the company’s conference call with financial analysts last week, Model 3 production is still very much in “production hell” – so much so that Musk refused to […]
The Fed’s Policy Situation
The chart below is a great summary of the monetary policy situation. It shows the S&P 500, the current Fed balance sheet, the future balance sheet, the Fed funds rate, the Fed funds futures, the long term expectations, and the dot plot. Now that stocks have done well for a couple years since the end […]
Gold Snaps Three-Week Losing Streak, Soft U.S. CPI To Keep Prices Bid
Fundamental Forecast for Gold:Neutral Gold prices hold on to support post-NFP, Looking for an early November low Gold prices snapped a three-week losing streak with the precious metal rallying 1.17% to trade at 1284 ahead of the New York close on Friday. The gains come on the back of weakness in the greenback with the U.S. Dollar Index (DXY) coming […]
Does The Junk Bond Rout Prove Big-Cap Tech Is Detached From Reality?
Folks are still scratching their heads about the high yield selloff. Apparently, “it was and still is a bubble” and/or “spreads have become completely disconnected from leverage” are no longer acceptable explanations for mini-corrections. That kind of thinking is no longer allowed. You can’t simply get out because you no longer want to play the […]
EC Have Department Store Stocks Turned The Corner?
The impressive stock market performance of department store operators like Macy’s (M), Nordstrom (JWN), Kohl’s (KSS), J.C. Penney (JCP) and others over the last three trading sessions in the run up to and following their quarterly releases would suggest that market participants are starting to see ‘green shoots’ on the horizon for this beleaguered space. While there is room for optimism for Kohl’s […]
Stocks Going Ex Dividend The Third Week Of November 2017
Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only […]
Market Talk – Saturday, Nov. 11
Asian cash responded to the US news of possible tax plan delays and we saw profit-taking and nerves for the first time in a while. It’s interesting that this has occurred on our expected November temporary pause. The Nikkei has returned -0.8%, which added to yesterday’s decline but is falling from the 26 year high. […]
