Top Performing Global Mutual Funds For Q1 2015
According to Lipper, the average diversified U.S. stock mutual fund returned 2.5% in Q1, while international funds gained 4.5%. Meanwhile, Morningstar’s (MORN) data showed that US investors added $66.2 billion into foreign-focused mutual funds and ETFs in the first quarter. This was significantly up from inflows of $37.9 billion in the comparable year-ago quarter. According […]
Mortgage Credit Easing
Now, before people get their panties in a bind and start yelling “bubble” or “standards are getting too loose again” please just skip to the end to see where we are today vs the actual bubble years. We are nowhere even remotely close to what we saw from ’04-’06. Not are we not even remotely […]
Ralph Lauren Beats On Q4 Earnings, Provides FY16 Outlook
Ralph Lauren Corporation (RL – Analyst Report) reported better-than-expected results for the fourth quarter of fiscal 2015, wherein earnings per share of $1.41 came ahead of the Zacks Consensus Estimate of $1.32. On a currency neutral basis, quarterly earnings came in at $1.69 per share, a penny ahead of the year-ago figure of $1.68. Ralph Lauren Corporation – […]
Zillow Group, Inc. Report Focuses On Trulia Acquisition; RBC Capital And Canaccord Genuity Weigh In
Zillow Group Inc (NASDAQ: Z) posted first quarter 2015 results on May 12. The online real estate database posted wider losses than anticipated but strong mobile growth. Much of the report reflected the Trulia acquisition; the competitor bought by Zillow in February for $2.5 billion. Zillow confirmed that Trulia’s integration is on track to be completed […]
E Why Stock Prices Are What They Are, Part 1
Did you ever have one of those days when you can’t decide if you want to break something or cry? I had one of those days last week. I was expressing my view in an online forum that credible investing strategies begin with an idea, something that derives one way or another from the body […]
Lithium Demand Will Grow Faster Than Experts Imagine
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. It all started with Tesla’s (TSLA) announcement of its battery giga-factory in February, 2014. That news was discussed endlessly with breathless excitement. The news sparked a revival in lithium, cobalt and graphite juniors. For example, Western Lithium […]
Dismal Retail Sales Numbers Suggest Recession Likely Underway: Overall +0.0%, YoY +0.9%, Department Stores -2.2%
Economists were surprised by the dismal retail sales report this morning. That’s not surprising because economists are nearly always surprised. The Bloomberg Consensus retail sales estimate was a rise of 0.2%, but sales came in at 0.0% and the details were ugly, emphasis mine. Consumer confidence may be strong but it still is not translating to strength for […]
Market Open Ramp Ends With A Whimper As Bund Yields Suddenly Spike
Having tested down to Payrolls levels once again, German Bund yields have spiked back quickly to the highs of the day (from under 60bps to 70bps). This has sparked selling across most asset classes with US and European stocks waning quickly. Trannies are in trouble have tumbled post-open and are now -1.7% from payrolls. Bunds are crashing […]
The Reason There Has Been No Recovery In One Simple Chart
“The money was all appropriated for the top in the hopes that it would trickle down to the needy.” Will Rogers, Nov 26, 1932 “Trickle-down theory – the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.” John Kenneth Galbraith “It is […]
The Cardinal Sin: Missing Out
The greatest fear in the investment management industry is not what one might expect. It is not losing money but the fear of not making enough money when the market is moving relentlessly higher. This “fear of missing out” strikes terror into the heart of portfolio managers as clients will simply not tolerate it; it is […]
