A Smattering Of Longs
I’ve balanced out my short portfolio with a lucky 21 quantity of long positions. Here are a few favorites:
Monthly Archives: December 2014
RBS Abandons Japanese Bond Trading, Cuts 200 Jobs; Stocks, USDJPY
The Nikkei 225 has fallen over 300 points from the v-shaped recovery close at the end of the US day session and is now trading below the lows of the day at 2-week lows. USDJPY has plunged over 100 pips having briefly neared 120.00, now back below 119.00. JGB Futures are trading near record highs prices…
Recent Stock Purchase – December 2014
With oil grabbing the headlines on a daily basis, hitting new lows and taking down every energy name listed on the exchanges, I wanted to highlight some new purchases I made that are not in the oil patch. As I have stated before, I’m not against owning the energy names I just prefer a little…
Beijing We’Ve Got A Problem
The Chinese stock market hit a four year high today at 3,020. This is up 53% since the middle of 2013 low and up 48% in the last six months. I guess this must mean the Chinese economy is operating on all cylinders. If you think so, you’d be wrong. Barron’s interviewed a no-nonsense woman who has…
WDC Breaking Out + Two Biotech Names CLVS, GEVA
Western Digital (WDC) broke out today, adding +2.62% to close at $107.8. I think this could test $110 soon. We locked in our profits on Jan calls: for a nice +32.62% profit. Biotechs continued to zoom higher. We talked about Clovis Oncology (CLVS) in this week’s Sector Watch. I think it is still looking good:…
EC Not Just Oi
It isn’t just the price of oil that is collapsing. The last time commodity prices were this low was during the immediate aftermath of the last financial crisis. The Bloomberg Commodity Index fell to 110.4571 on Monday – the lowest that it has been since April 2009. Just like junk bonds, industrial commodities are a…
5 Reasons You Should Avoid Bank Stocks Right Now
Josh Brown, blogger extraordinaire, wrote a post the other day about the breakout in the financials which argued that investors should overweight them. All due respect to Josh (who I think highly of), here’s 5 reasons why I think that’s a bad idea, especially in regards to the bank stocks: The yield curve has been…
Why The P/S Ratio Is My Favorite Valuation Metric
This week, I’m going to focus on the Price to Sales ratio for finding great stocks at great values. The Price to Sales ratio is a great valuation metric. And given the recent run-up in stocks, value, to me, is becoming more and more important. In fact, aside from the Zacks Rank, if I could…
Take This Into Account For 2015
The end of the year is once again in sight and that is why we are eager to look forward to next year already. We want to line up the things you will need to be taking into account next year as an investor. Don’t go telling you were not warned. First, you will need…
Handicapping The Q4 Earnings Season
We are still a few weeks away from the Q4 earnings season, but companies with fiscal quarters ending in November will also form part of the Q4 reporting cycle. The AutoZone (AZO – Analyst Report) report this morning and the Adobe (ADBE – Analyst Report) report on Thursday all fall in that category of earnings…