Gold & Bank Stock Lovebirds
A week ago I talked about the “need to bleed” for gold stocks. Since then, it could be said that the blood has flowed with gusto. Until the March 15 FOMC meeting is out of the way, gold and associated investments will be vulnerable against the dollar. As Chinese new year celebrations waned in February, GDX began […]
EC Do Record Eurodollar Balances Matter? Not Even Slightly
The BIS in its quarterly review published yesterday included a reference to the eurodollar market (thanks to M. Daya for pointing it out). The central bank to central banks, as the outfit is often called, is one of the few official institutions that have taken a more objective position with regard to the global money system. Of […]
E Miners Are Bouncing
Miners are bouncing a bit today, but it’s unclear if prices bottomed. Volatility is high. I’d wait for signs of a bottom before attempting short-term long positions. -GDX- I’m seeing some buying coming into miners this morning. I’m not sure if it will continue, but a daily close above $22.12 (yesterday’s high) would make a […]
Signet Slips As Citi Cautious, Discrimination Headlines Continue
Shares of Signet Jewelers (SIG), the owner of Kay Jewelers and Jared, are slipping after Citi analyst Paul Lejuez cut his price target on the stock and said caution is warranted heading into earnings. The company has been making headlines amid reports of a class action lawsuit accusing its leaders of presiding over a culture […]
Trade Deficit Steepens Led By China: Top Six Offenders
The International trade deficit widened to $48.5 billion matching the Econoday consensus. Don’t give the economists too much credit because the preliminary numbers on goods gave a big tip on what was going to happen. Today’s numbers reflect goods and service. January’s trade deficit came in very deep but at least right on expectations, at […]
Death By Overfunding: Beepi Towed Off-Market
Photo Credit: JOHN LLOYD/Flickr.com According to a report by car auction company Manheim, the US auto industry has seen a bullish trend over the past few years. Used car sales grew 6% in 2016 and the trend is expected to continue in the next few quarters. But despite the market conditions, online player and a former Billion Dollar Unicorn […]
Snap Out Of It: GoPro Or Go Home
Most software is fungible these days. Snap (NYSE: SNAP) has called itself a “camera company,” which is clumsy shorthand for its goal of becoming a premier consumer hardware company. While Snap has successfully created exciting marketing events with its filters and is well-situated to promote blockbuster movies, this expertise alone cannot justify its current valuation. Following […]
EUR/USD: Awaiting For Better Sell Levels Close To 1.07 – Credit Agricole
EUR/USD has many moving parts shaking it in all directions. The team at Credit Agricole sees a sell opportunity but prefers waiting for a better opportunity: Here is their view, courtesy of eFXnews: Euro downside has been limited of late, irrespective of intact uncertainty as when it comes to French politics. In particular former French PM Juppe […]
Ford Motor Company Reports Sales Growth Results In China As A Mixed Bag
Written by Stock News.com Ford Motor Company (NYSE: F) on Tuesday [Mar 7, 2017 | 7:06am ] posted solid growth of its February automobile sales in China, as it continues to make progress in expanding its brand overseas. The Dearborn, MI-based automaker said its joint ventures in China sold 64,641 vehicles in February. That’s up 2% […]
EC Better Dividend Aristocrat Buy: Target Or Wal-Mart?
Discount retail giants Wal-Mart Stores (WMT) and Target (TGT) are both on the list of Dividend Aristocrats. The Dividend Aristocrats are a group of 51 companies in the S&P 500 with 25+ years of consecutive dividend increases. Wal-Mart and Target have raised their dividends for 44 and 45 years in a row, respectively. With such […]
