Walmart Tumbles After Amazon Says It Will Cut Whole Foods Prices Monday
Here comes even more of that deflation the Fed hates so much. Walmart stock is getting whacked, as is the broader grocery sector, after Amazon announced moment ago that the acquisition of Whole Foods will close on Monday, and that in keeping with the company’s tradition of stealing market by underpricing its competition, it will […]
Debt Ceiling Is Even More Politically Charged
The stock market sold off on Wednesday because of the threat President Trump made in his speech on Tuesday to shut the government down if he didn’t get funding for the southern border wall. This is in direct conflict with the Treasury Department which is asking Congress to raise the debt ceiling. Usually presidents are in favor […]
World Markets At Inflection Point
I don’t have much to say about the markets (as of Wednesday’s close), except to note that the World Market Index (50-day MA and 1900 near-term support level) and the SPX:VIXSPX: (200 price level) are, once again, at/near their respective inflection point. Downtrending technical indicators are not (yet) supportive of continuing strength in these equity markets and may be […]
Priceline: A Growth Powerhouse – Forecast Profits And/Or Cash Flow Not Prices!
Introduction This is the second in a series of articles where I will cover popular and/or high profile stocks. The primary objective of this series will be to put a spotlight on the importance of forecasting future growth prior to making an investment decision. The central idea is to determine whether or not a reasonable […]
Crude Oil – Declining Inventories Vs. Climbing Production
On Wednesday, light crude gained 1.21% after the EIA weekly report showed declines in crude oil and gasoline inventories. As a result, the black gold came back above the lower border of the trend channel, but can we trust this increase? Crude Oil’s Technical Picture Let’s take a closer look at the charts and find […]
Gold – Crossing The Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken. The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest […]
3 Soaring Hot Stocks With Big Insider Buying
Using TipRanks’ popular Insiders’ Hot Stocks tool, we found which stocks best-performing corporate insiders like right now. We differentiate between informative and uninformative insider transactions in order to find the most compelling opportunities. Uninformative transactions indicate that an insider is buying/selling shares for reasons that do not necessarily indicate confidence in the company, such as exercising share options. […]
Stocks Have ‘Friends In High Places’
Well, former trader and man who has been trying really, really hard lately to keep from flipping the fuck out in his daily missives, Richard Breslow, is out with his latest and it’s a winner. Richard’s Thursday piece touches on a variety of stories we’ve mentioned here over the past month, including the fact that the SNB […]
Freezing Of Bank Accounts: A New Threat For Savers
Savers are getting strangled by regulations: new laws are threatening their assets and limiting their freedom. They have become prey to a sicker and sicker banking and monetary system. We have already warned about the BRRD directive, which authorizes a failing bank to bail itself out using its clients’ accounts, and mentioned in passing that the 100,000 […]
