3 Things: Fed Levitation, Employment, Savings Rate
Fed Levitation What is going on at the Federal Reserve? On Tuesday, Janet Yellen comes out and announces that despite inflation being on the rise and employment below 5%, she is not going to raise the Fed Funds rate 4-times this year, nor even two times this year, but rather most likely none. Of course, this “one […]
VRX Seeks Amendment And Waiver To Credit Facility
Valeant Pharmaceuticals International (VRX) continues to be in news. On Wednesday, the stock dropped more than 6% even as the company announced that it has initiated the process to secure an amendment and waiver to its credit facility. The amendment will allow VRX to extend the deadline to file its 10-K to May 31 (from […]
Rail Week Ending March 26, 2016: The Slide Continues
Week 12 of 2016 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. All rolling averages are negative. The deceleration in the rail rolling averages began one year ago, and now rail movements are being compared against weaker 2015 data. There were port […]
Toll Bridge Stocks: Don’t Just Do Something, Sit There
The floating bridge, which crosses from Seattle on one side of Lake Washington to Bellevue on the other, has been rebuilt and is almost completed. To finance the new bridge, a toll has been placed on its use. The other bridge, the I-90 bridge, requires no toll but takes you much farther out of your […]
Value Fail: HHGregg
Retail is a very difficult business. There are no customer switching costs, there are high fixed costs and there are few barriers to entry. One look through my Value Fail page makes it evident that a number of retailers have played a key role in my losses. And yet I just haven’t learned this lesson fast enough. […]
The Midas Touch Consulting Report – March 31, 2016
1. Market Update Gold is getting weaker. With today’s reversal the weekly chart is likely going to lose its embedded slow stochastic. Finally! This trend-reinforcing special set up has been in place since early February. Without the embedded stochastic Gold would become very overbought on the weekly chart. But this does not mean that prices […]
Chris Berry: We See Opportunity In These Junior Lithium Plays
Discoveries Journal Co-Editor Chris Berry spoke with SmallCapPower at PDAC 2016, warning investors of the risks involved in lithium investing while outlining the upside potential in certain names. He mentions two lithium-related stocks he likes at this time, including one involved in battery technology. Video length: 00:04:02. Stocks discussed in this video: FMC Corp (FMC) […]
Jobless Claims Surge Most In 2 Years As Challenger Warns Of “Significant” Jump In Retail, Computer Layoffs
With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims are finally waking up. For the 3rd week in a row – the longest streak since July 2015. The last 3 weeks […]
EUR/USD Breaks Above 1.14 – Reasons & Levels To Watch
EUR/USD just keeps marching on, taking advantage of the weak US dollar, that just keeps on suffering Yellen’s extreme dovishness. By repeating and even taking a further step in seeing the glass as half empty, the Fed Chair sends the US dollar to new lows. For EUR/USD, this means the highest level since October, nearly 6 […]
Why We Have An ‘F’ Grade On Chipotle Stock
Chipotle Mexican Grill, Inc. (CMG – Analyst Report) has its back to the wall! The burrito maker was once the darling of Wall Street with revenues exhibiting a extraordinary CAGR of more than 23% (till 2014), since going public. This stunning growth was supported by solid comps growth. However, toward the end of last year a series of […]
