Sensex Trades Marginally Higher; Power Stocks Witness Buying
After opening the day on a flat note, share markets in India witnessed choppy trades and are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the power sector and metal sector witnessing maximum buying interest. The BSE Sensex is trading up 31 points (up 0.1%) and the NSE Nifty is trading up 7 points (up 0.1%). The BSE Mid […]
The Turkish Lira Roils Around Constitutional Referendum But Remains Indecisive
By a slim margin, the Turkish people voted to change the country’s government from a Parliamentary system to a Presidential one. The change will reportedly cement the power of President Recep Tayyip Erdogan and allow him to stay in power for as long as 2029 assuming he wins the next two Presidential races. Erdogan argued this […]
Harvard ‘Shock’ Study: Each $1 Minimum Wage Hike Causes 4-10% Increase In Restaurant Failures
A ‘shocking’ discovery was made when a pair of researchers at Harvard Business School decided to analyze the impact of higher minimum wages in San Francisco on restaurant failures…hint:they went up. Entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit“, this latest study on the devastating consequences of minimum wage […]
April 19th Daily Trading Opportunities
During the session on Wednesday, we get a handful of announcements including the European Union CPI numbers, Japanese exports, and the Crude Oil Inventories announcement. With this, we think there should be plenty of volatility. WTI Crude Oil Crude oil has shown his proclivity to go higher regardless of the announcement. Because of this, any […]
GBP/USD Levels To Watch After The Big Jump
Pound/dollar made a huge leap forward on April 18th, riding on the announcement for an early snap election. Here are five reasons why the elections are pound positive. GBP/USD is already trading above the initial post-Brexit low of 1.2790 seen in late June 2016, just after the EU Referendum. In general, we are back to the […]
Dividends In Focus: Boeing Vs. Lockheed Martin – How Do The Two Stack Up?
…If you polled a handful of investors and asked them which stocks in the aerospace defense industry are most noteworthy for dividend payouts, it is likely you would get two answers: Boeing Co. (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT). Both of these stocks are solid picks for dividend investors, as they are well established and […]
Why Buybacks Matter
Share buybacks have become a major focus of conversation within the investment industry—most recently due to speculation that if the U.S. government were to institute some sort of “repatriation holiday,” profits currently being held overseas to avoid taxation would be utilized largely for share repurchases to thereby “goose” earnings-per-share (EPS) growth by reducing the number of shares outstanding. However, […]
Iron Ore Price Collapsing: World’s Top Iron Ore Miners’ Stock Declining Dramatically
Written by Frik Els The price of 62% Fe content ore – the steelmaking raw material – plunged 5% on Tuesday to a six-month low of $61.50 per dry metric tonne according to data supplied by The Steel Index and is now down by more than 33% over just the last month with a consensus view that iron […]
On CNBC: Goldman Tanked The Market
I joined CNBC yesterday evening to chat about Goldman Sach’s (GS) earnings miss. While the miss wasn’t that big (Goldman earned $5.15 per share vs. expectations of $5.33), this is the mighty Goldman Sachs we’re talking about. Goldman is the master of the universe, and it isn’t supposed to miss. So this had the effect of taking some of the […]
Japan’s 10Y Yield Drops Below Zero Again: All Eyes On The BOJ
With every other asset class round tripping the November election outcome, it was only a matter of time before Japan’s 10Y JGB – which on February 2 briefly peaked above the BOJ’s “yield curve controlling” 0.10% yield ceiling, rising as high as 0.15% to the shock of a market ready to declare that Japan had finally lost […]
