Liberty Teller, the MassChallenge startup that opened four Bitcoin ATM machines around the Boston area, has rebranded itself into LibertyX and will now allow users to purchase the digital currency around 2,500 locations in 33 states across the country. LibertyX’s founder says that it include 60 locations around Massachusetts and 9 locations around the Boston…
Click on picture to enlarge Job growth has moved higher for the 49th straight month, setting a new all-time record, surpassing the previous record set in June of 1990. 200,000 jobs have been created for the past 9 months, this is the longest streak of this size since the mid 1990’s. Click on picture to…
The stock whisper of the day: (JNUG) (JBLU). Video Length: 00:03:29
After last week’s jerk higher (now revised even higher to 314k), this week saw a modest 17k drop to 297k (magically back below the 300k Maginot Line) but still missed expectations. Obviously, initial claims still linger near 14 year lows but the smoother 4 week average rose around 5k to 299k. Continuing claims rose 39k and…
Since 2010, the average return for our weekly best scoring small caps has outpaced the R2K by a median 759 bps over the following year. The best performers from one year ago are HA up 132%, CNC up 65%, UEIC up 63%, and ODFL up 58%. The best small cap sector is utilities. The top…
No matter how well you plan, unexpected surprises can derail your budget. While it’s a good idea to have an emergency fund, if you have one, how do you decide when to dip into the fund? Is replacing a broken microwave an emergency? There are a set amount of expenses that aren’t emergencies, but they…
The decline in oil prices—the US benchmark West Texas Intermediate as of Dec. 1 is down roughly 35% since the recent peak in June 2014 —has inspired bullish expectations for consumer spending and related investments. As the Washington Post noted earlier this week: “Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters…
The Kroger Company (KR – Analyst Report), one of the largest grocery retailers, recently posted third-quarter fiscal 2014 earnings of 69 cents a share that beat the Zacks Consensus Estimate of 61 cents, and surged 30.2% from 53 cents earned in the prior-year quarter aided by its Customer 1st strategy, increase in sales and strong…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.10%) this morning are up +0.06% and European stocks are up +0.44% at a 2-1/2 month high ahead of the conclusion of the ECB meeting and comments from ECB President Draghi that may shed clues on the possibility the ECB expands asset purchases to include government bonds….
Plenty of stuff has happened in recent months on the commodities market. The oil price went through a big down move and, as a consequence, many oil companies are under pressure. Precious metals were not exactly having a party either, however. A report from Credit Suisse that recently came out is very clear about the…
