New Stocks On Safest Dividend Yields Model Portfolio: August 2017
Recap from July’s Picks Our Safest Dividend Yield Model Portfolio underperformed the S&P 500 last month. The Model Portfolio fell 2.6% on a price return basis and fell 2.4% on a total return basis. The S&P 500 fell 0.6% on a price return basis and total return basis. The best performing stocks in the portfolio […]
US Crude Production Stalls As Oil Rig Count Rolls Over
Amid the chaos and turmoil caused by Harvey, today’s rig count data is likely to change things as much as a fart in a hurricane. US crude production in the Lower 48 actually fell last week, syncing with the stabilization in the lagged oil rig count. The US Oil Rig count held to two-month lows last […]
Tax Cuts For The 1% Coming Out Of Your 401K
If you have been in a 401K like I have over the decades, you know this has been helpful in reducing tax on your income. If you do not know this, you do now. The GOP is making eyes on your 401k contributions with the intent of removing the upfront deduction which lowers your taxable […]
Jobs Report Disappoints: Hours Worked Drop, Earnings And Employment Under Expectations
Initial Reaction Today’s establishment survey shows jobs rose by a much weaker than expected 156,000. Revisions took off 21,000 in June and another 20,000 in July. In the household survey, employment fell by 74,000. Average weekly hours worked declined by 0.1 hour and wage growth was anemic. Let’s dive into the details in the BLS Employment […]
MuleSoft Could Temporarily Sink When Lock Up Expires
September 13, 2017 concludes the 180-day lockup period on MuleSoft Inc. (NYSE: MULE). When the lockup period ends for MULE, its pre-IPO shareholders, directors and executives will have the chance to sell their 112.9 million shares for the first time since the IPO. The potential for a sudden increase in stock available in the open market […]
Silver Miners’ Q2’17 Fundamentals
The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal […]
Chart Of The Day: PowerShares QQQ Trust
I’m getting a bit tired of listening to this nonsense about 3X ETF’s and the decay preventing one from making money. Nothing could be further from the truth. The only time decay becomes a factor is when price is going sideways or trending in the wrong direction. When price is going sideways or trending in […]
Construction Spending Unexpectedly Declines
Economists missed the construction spending mark by a mile this month. The Econoday consensus was for spending to rise by 0.6%. Instead, construction spending fell by 0.6%. Econoday finds strength in the numbers, I don’t. Strength in residential building makes for a better construction spending report than indicated by the headline 0.6 percent July decline. Driven by […]
Does The Jobs Report Change Anything?
The first Friday of a new month means one thing: The Jobs report. Viewed by many as the most important economic report of the month, the data on nonfarm payrolls and unemployment for August surprised to the downside. The Labor Department reported that the economy created 156,000 new jobs last month, which was below the […]
ISM Manufacturing Sizzles
The weather may be cooling off, but today’s ISM Manufacturing report for August came in hot. While economists were expecting the headline reading to come in at a level of 56.5, the actual reading came in at 58.8. That’s the highest reading since April 2011! It may not be the largest share of the US […]
