Existing Home Sales Plunge “Surprising” 7.1%, Price Concessions The Norm; What Happened?
Demand for housing in February shocked to the downside. Existing home sales fell 7.1% led by single family. Median prices fell 1.4%. Data was so bad the National Association of Real Estate cheerleaders showed concern. The Bloomberg Econoday Consensus was for 5.305 million sales at a seasonally adjusted annualized rate in a range of 5.200 million to […]
E Valeant Shares Climb 8% On CEO Resignation And Other Events
Shares of Valeant Pharmaceuticals (VRX) were halted in pre-market trading on Monday for pending news. Once shares opened they soared to a high of $31.59 per share and have since retreated. Shares of Valeant are now trading up about 8%. The news: company CEO Michael Pearson would resign from the company. This isn’t an immediate […]
Crude Oil Price Action & Prediction
Recently, Light Crude has seen a dramatic 35%+ increase in value. As the current price continue to flirt with $40 per barrel, the likelihood of a further price rise is on everyone’s mind. With recent lows near $26 per barrel, what is the possibility that oil will form a base above $30 and attempt a […]
How Important Is The Coming Buyback Blackout Period For Stocks?
Buybacks To Be Put On Hold Corporate stock buyback programs are typically put on hold during the five week period leading up to earnings season. With the meat of the earnings season coming in April, the buyback blackout period will begin soon. As a reference point, last year Alcoa reported on April 8; this year […]
5 Best Stocks To Buy For Dividend Growth
Who doesn’t want a portfolio that generates higher returns? However, markets have been on a roller coaster ride in the recent past – be it due to the flagging Chinese economy, weakness in the energy sector or a strong dollar. After meticulously analyzing the current economic scenario, the recent decision of the Federal Reserve not […]
Federal Reserve Hot Air Pumped Up A Stock Market Bubble; 93% Of Gains Due To Monetary Policy
The mainstream financial media is like a stopped clock. Every once in a while, it stumbles into being right. Last week, we had a veteran trader on CNBC Futures Now telling everybody to buy gold as long as central banks continue their expansionary monetary policy, all the while swearing he isn’t a “gold-bug.” This week, we have analysis appearing […]
Retailers Seem To Agree With Global Manufacturing
According to Discern Investment Analytics, the number of retail store closings in the first two months of 2016 was about a third more than the closings in the same two months last year. That’s bad news just in terms of the raw increase, but more so given that there was a wave of shutting retailer outlets last […]
Chart Of The Day: Business Sales Down 5.1%, Inventory Ratio At June 2009 Recession Level
Business Sales Down 5.1%, Inventory Ratio At June 2009 Recession Level.
Stocks Trading Below Their Graham Number – March 2016
One popular approach to investing based on Benjamin Graham’s methods is to use the so-called “Graham Number.” There are some important differences between the Graham Number and the Graham Formula, but using the Graham Number is definitely useful even if the investor only uses it as a screening tactic. I’ve selected the best companies reviewed by […]
