PayPal Rises After Being Added As Payment Option By Apple
PayPal (PYPL) is rising after Apple (AAPL) added it as a payment option, which JPMorgan analyst Tien-tsin Huang sees as a “significant,” but difficult to size, win for the payment company. Also viewing the announcement as positive, his peer at Craig-Hallum argued that this is the type of “expanding relationships” that makes PayPal a potential […]
The Law Of 2%
It would be preferable, of course, if what Janet Yellen said in any setting made little noise whatsoever. We aren’t nearly there yet, but are moving in that direction. Her testimony today before Congress in the Fed’s semi-annual Humphrey-Hawkins kabuki relic might actually help in that matter. If economists like Yellen were caught so unprepared […]
Better Dividend Aristocrat: 3M Or Dover?
3M (MMM) and Dover (DOV) are both tremendous dividend growth stocks. They are both Dividend Aristocrats, and Dividend Kings as well. The Dividend Aristocrats Excel spreadsheet has 51 stocks with 25+ consecutive years of dividend increases. 3M and Dover have increased their dividends for 59 years and 61 years in a row, respectively. Both are Dividend Kings, […]
USD/CAD Dives As Bank Of Canada Hikes Rates
More than a few commentators have noted how bizarre it is that the fate of the global DM hawkish lean hangs not on Janet Yellen’s testimony on Capitol Hill Wednesday, but rather with the Bank of Canada, which has launched a concerted effort to telegraph a rate hike over the past several weeks. As Bloomberg’s Luke […]
Trump Jr.’s Emails And Gold
Yesterday, President Donald Trump’s eldest son released an email chain which suggests that Russia wanted to support Trump’s presidential campaign. What does it imply for the gold market? What a twist! Ahead of the surprise dump, gold was in a downward trend. And after the release, it jumped about $8 in minutes, as one can […]
The Gold Direction Indicator Just Turned Green!
For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI. On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at 61%. Charts courtesy Stockcharts.com […]
What Lies In Store For The Future Of LeEco
Ari Zoldan, CEO of Quantum Media Group, discusses the future of Chinese company LeEco after it’s disastrous attempt to aggressively expand and it’s failed acquisition of Vizio. Video length 00:04:17.
EC Calculating The Fed Funds Futures
US measures of core inflation fell from February through May. The US reports June CPI at the end of the week. There is a reasonable chance that the core rate stabilizes. However, the movement away from the target has spurred expressions of caution from numerous Fed officials, even though the minutes of the June FOMC meeting showed that […]
3 Top-Ranked BlackRock Mutual Funds For Best Returns
BlackRock Inc. (BLK – Free Report) had a total of $5.4 trillion assets under management (as of March 31, 2017) across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. It caters to institutional, intermediary and individual investors through a wide range of products and services. BlackRock offers an array of risk management, strategic […]
E I Cannot Believe What Fed Chair Yellen Just Said
I am currently listening to Fed Chair Yellen address Congress in the Committee on Financial Services. A line of questioning just finished regarding social program (welfare) program growth and slowing GDP. Alan Greenspan was quoted by the Congressman saying that you cannot have both entitlement program spending growth and a consistent 3% GDP growth at […]
