GBP/USD: In Range N-Term; EUR/USD: A ‘Coiled Spring’ – SocGen
The pound had its time in the sun, rising to higher ground, but this was limited to the range. EUR/USD enjoyed some higher volatility but is also somewhat confined to a range. What’s next? Here is their view, courtesy of eFXnews: Societe Generale FX Strategy Research notes that while GBP has continued to be supported by resilient economic data, uncertainty […]
Is Wells Fargo Toast?
Has Wells Fargo gone from being “the best thing since sliced bread” to “toast”? Wells Fargo (WFC) did some incredibly stupid things that came to light last fall. A bank that was a key contributor to the opening of the West and a proponent of fair business practices, and the least-fined major bank coming out […]
Wind & Solar Technology Won’t Stop The Collapse Of The U.S. Empire
Americans who believe technology will be the cure for all our problems, don’t count on wind and solar energy to save the day. This is the delusion I see over and over again in the Mainstream and alternative media. I even receive emails from followers who tell me not to worry, because the cost of […]
Holiday Markets Remain On Edge
The holiday-induced calm in the capital markets conceals a high degree of anxiety. The investment climate has been challenged by heightened geopolitical risk and unusual complaints about the US dollar’s strength from the sitting US President. While sending an “armada” toward the Korean peninsula, the US ordered a missile strike against Syria in retaliation for the use […]
Earnings Results In Focus
Three of the biggest banks on Wall Street have reported earnings results for fiscal Q1 before the bell this Thursday: JPMorgan Chase (JPM – Free Report) , Citigroup (C – Free Report) and Wells Fargo (WFC – Free Report) have all beaten or met bottom line earnings per share (EPS) estimates while topping slightly estimates for revenues in the quarter. This tips off the […]
Earnings Reporting Season Kicks Off
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 138 = 20,453 SPX – 15 = 2328 NAS – 31 = 5805 RUT – 13 = 1345 10 Y – .06 = 2.23% OIL – .07 = 53.04 GOLD + 1.20 = 1288.80 JPMorgan Chase (JPM) kicked off a day of earnings reports […]
Clearing The Air On Verizon’s Dividend Safety
A number of readers have emailed me in recent weeks wondering about Verizon’s (VZ) dividend safety. Their anxiety developed after reading several articles online that suggested Verizon’s dividend was no longer sustainable because the company’s free cash flow did not cover it last year. However, Verizon scores a 93 using our Dividend Safety Scores, indicating that […]
Gold Rally Flirts With Major Breakout On Trump / Dollar
Fundamental Forecast for Gold: Neutral Gold prices are poised to close higher for the fifth consecutive week with the precious metal up more than 2.6% to trade at 1286 ahead of the New York close on Thursday. The advance comes amid softness in broader risk assets with global equity markets suffering minor losses ahead of the […]
Transportadora De Gas Del Sur – Chart Of The Day
The Chart of the Day belongs to Transportadora De Gas Del Sur (TGS). I found the Argentine pipeline stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 11/25 the stock gained 108.30%. Transportadora de […]
