BlackBerry (NASDAQ:BBRY) is still trading above my usual $10.50 profit-taking level. I speculate that this excitement is due to the coming commercial launch of the QWERTY-style BlackBerry Classic. BBRY was also trending higher last year when the BlackBerry Z3 and the Passport was about to launch. BlackBerry missed revenue estimates last quarter (partly due to weak…
2015 marks my seventh annual list of ten clean energy stocks. An equal weighted portfolio of the ten stocks in each year’s list has outperformed my industry benchmark every year except 2013. 2014 was no exception, but it was a bittersweet victory in that the model portfolio was slightly down while the benchmark lost considerably…
Same slide, different day, as the crude crash continues, with both WTI and Brent tumbling to multi-year highs, below $49 and $52 respectively. This happened despite the news overnight that China is accelerating 300 infrastructure projects valued at 7 trillion yuan ($1.1 trillion) this year, suggesting that China will focus more on fiscal policy than monetary easing,…
Facebook Inc. (FB – Analyst Report) recently acquired Wit.ai, a firm that develops voice recognition technology for wearable devices and Internet-connected appliances. However, the financial details of the deal were not made public. Based in Palo Alto, CA, Wit.ai is an eighteen-month old company whose software can understand spoken words as well as written text phrased in “natural…
Next month marks the anniversary of the beginning of the Crimean crisis, in which a Russian-sponsored revolution of sorts resulted in the Crimean peninsula being seized by pro-Russia rebels. It’s been a long 11 months of back-and-forth sanctions that have resulted in the collapse of the Russian ruble. Whether Vladimir Putin believes it or not,…
The stock whisper of the day is: (MU) Video length: 00:04:25
A weekly closing in the Dow Jones Industrials below 17722 will confirm that the January correction where we have had that Panic Cycle due in the middle of the month is in play. This will open the door to a retest of the 16300 area. Keep in mind that we did NOTachieve the…
Private nonfarm payrolls in the US are projected to increase by 213,000 (seasonally adjusted) in tomorrow’s December update of the ADP Employment Report, based on The Capital Spectator’s median point forecast for several econometric estimates. The median projection is marginally above November’s increase. Two estimates based on recent surveys of economists point to a modestly…
The euro has declined roughly 13% against the dollar over the past six months. This is supposed to be stimulative for the eurozone economy, but it remains moribund. What gives? Part of the problem is that the bilateral exchange rate is not the proper metric in this context. To understand how a currency’s fluctuation impacts…
by Rick Ackerman, Rick’s Picks I don’t often feature technical analysis as the topic of the week. In this case, however, the Dollar Index is at a crucial threshold that deserves a drum-roll and our close attention. Notice the two tightly spaced purple lines near the top of the chart. These are ‘Hidden Pivot’ rally targets…
