Banks in Greece reopened last Monday, and even with strict withdrawal limits in effect, it at least gave the appearance of a return to normalcy. But Greeks also woke up Monday to a painful new reality that should serve as a warning to Americans. Massive tax hikes went into effect, part of the austerity measures…
Italian luxury sportscar maker Ferrari is accelerating towards a stock market listing after its parent Fiat Chrysler Automobiles (FCAU) filed for an initial public offering on the New York Stock Exchange. After the listing, Fiat Chrysler’s subsidiary will be known as Ferrari NV. in New York. Ferrari IPO expected in early 2016 As detailed by ValueWalk, Fiat…
Debt securities will always be the natural choice for the risk-averse investor because this category of investment instruments provides regular income flow at low levels of risk. Income from regular dividends helps to ease the pain caused by plunging stock prices. When considering the safety of capital invested, municipal bond mutual funds are second only…
Welcome to edition 266 of Insider Weekends. Insider buying increased significantly last week with insiders buying $182.33 million of stock compared to $6.83 million in the week prior. Selling on the other hand decreased with insiders selling $472.75 million of stock last week compared to $522.48 million in the week prior. Most of the insider buying was driven by…
Right. Amazon (AMZN) is the greatest thing since sliced bread. Like millions of others, I use it practically every day. And it was nice to see that it made a profit—-thin as it was at 0.4% of sales—–in the second quarter. But the instantaneous re-rating of its market cap by $40 billion in the seconds after its earnings release had…
The Dow Jones Industrial Average ended last week with a close of 18,086.45, up 1.5% year-to-date and 1.4% below its all-time intraday high of 18,351.36 set on May 19. Helping the Dow 30 to return to positive territory for the year are seven components that have gains of more than 5% so far in the…
A little over a third of companies have reported so far in the second quarter earnings season, and as of this moment the Q2 EPS and revenue declines are set for a -2.2% and 4.0% decline, respectively. To be sure, if one excludes energy companies re-crushed by the latest plunge in oil now that the…
■ Hang Seng regains negative sentiment, losing 1.1% during week ■ Positive Greece momentum loses steam in Europe ■ U.S. markets grab investor attention on earnings season ■ Negative China sentiment weighs down on commodity prices ■ Gold prices decrease to lowest since 2010 Dragged down by weak data, most financial assets proved a rather…
As I have noted for the last two weeks, this earnings season carries a special significance. It provides an alternative to the official data on the economy. After a bad week for stocks, the punditry will be asking: What is the message of the market? Prior Theme Recap In my last WTWA I predicted that attention to…
As investable assets go, gold seems to have lost its luster since 2012. The argument is as follows: Gold collects no interest and generates no utility. And with the self-proclaimed recovery of the global economies and stable fiscal policies (not my viewpoint), then gold doesn’t even have use in today’s modern portfolio. Why, then, should…
