The Chart of the Day is Equifax (NYSE:EFX), I found the company by sorting the All Time High list for the stocks hitting the most frequent new Highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a new buy on 10/28 the stock gained 7.43%. Equifax is one of the leaders…
Tyler Cowen’s anti-Keynesian manifesto has been ably discussed by Professor Simon Wren-Lewis at Mainly Macro. I thought what merited additional attention is Professor Cowen’s first assertion: 1. Keynesians predicted disaster following the American fiscal sequester, and the pace of the recovery accelerated. I don’t think of myself as a Keynesian (the material I teach in my courses…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 33 = 17912 SPX + 7 =2074 NAS + 18 = 4774 10 YR YLD + .01 = 2.29% OIL + .49 = 67.37 GOLD + 11.60 = 1211.10 SILV – .04 = 16.52 Record high for the Dow Industrials and the S&P…
Brown Shoe Company (BWS – Snapshot Report) is cashing in on demand for new shoes as it handily beat the Zacks Consensus in the third quarter. This Zacks Rank #1 (Strong Buy) also raised full year guidance. Brown Shoe Company is a global footwear company that owns numerous well-known brands including Dr. Scholl’s, LifeStride, Sam Edelman, Franco Sarto,…
A few weeks ago, I was fortunate enough to visit an old friend at Google, NY. Now why is that interesting? Because I call Tomer “An old friend” despite the fact that I had never met him. “Wow, you have a strange definition of friend” is probably what you’re thinking. Could very well be, but…
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are sometimes posted on…
The race to declare dominance over a particular segment of the market is one that fund companies dream about. They work hard to conjugate unique strategies that stand above plain vanilla indexes in the hopes that their secret sauce adds a measure of value. While this year found many fundamental or “smart beta” ETFs at parity with…
Add these factors up and we conclude there is no visible price limit on oil after supply falters. I’ve been discussing the concept of an Oil Head-Fake since 2008, most recently in The Oil Head-Fake: The Illusion that Lower Oil Prices Are Positive (September 29, 2014) Oil: One Last Head-Fake? (May 9, 2008) The basic idea is straightforward: as global demand…
Russia finds itself in a double bind. It is subject to a number of sanctions from the European Union, USA and other trading partners over what they perceive to be undue involvement in the affairs of another sovereign state, Ukraine. For its part, Russia denies that it is involved in assisting Ukrainian rebels who wish to break…
CytRx Corporation (NASDAQ: CYTR), announced that the Company has received written notice from the United States Food and Drug Administration (FDA) that its clinical trials for aldoxorubicin have been placed on partial clinical hold. The news supplements and is consistent with the prior verbal communications from the FDA. As previously announced, all currently enrolled patients…
