Lord Abbett Multi-Asset Growth A (LWSAX – MF report) a Zacks Ranked #2 (Buy) seeks long-term capital appreciation and income growth. LWSAX is a “fund of funds” that invests principally in affiliated mutual funds managed by Lord, Abbett & Co. LLC. Under normal conditions, through the underlying funds, LWSAX indirectly invests principally in U.S. equity securities and select…
Demand for physical gold and silver has surged over the past two months, with mints around the world reporting robust sales in the midst of the Greek crisis and warning signs in other economies. According to US Mint figures, the sale of 1-ounce American Gold Eagles more than quadrupled, jumping from just 13,500 coins sold in May to…
Peak meat consumption has likely already occurred in the developed world. U.S. Department of Agriculture (USDA) data shows that U.S. meat consumption peaked in 2004 at 220.2 pounds per person annually. Since then, demand has declined every year. In 2014, the figure came in at an estimated 202.3 pounds. But it’s a totally different picture…
It’s that simple. With superior growth prospects over the rest of the market, these three banking stocks are must haves in any growth portfolio. Bret Jensen is heavily over-weighting the sector in his own portfolio and he has three strong reasons why. We are getting into the meat of the second quarter earnings seasons even as the…
Deals and Financings Cayman Islands-based WuXi Healthcare Ventures Fund II, L.P. has filed paperwork with the US SEC for a $250 million life sciences venture fund (see story). In March 2015, WuXi AppTec’s (NYSE: WX) board of directors decided to commit up to $50 million as an anchor investment for WuXi Healthcare Ventures Fund II, with an…
“Assiduity is the ability to sit on your ass and do nothing until a great opportunities presents itself” – Charlie Munger Charlie Munger is Warren Buffett’s right-hand-man. Munger is known for his quotable investing wisdom. The above quote talks about not doing anything until a great opportunity presents itself. Once a great opportunity has presented itself…
And the beat goes on…
The US dollar rose against nearly all the major and emerging market currencies in the past week. The notable exception among the majors is sterling, where hawkish BOE comments and another rise in average earnings goaded the bulls. Among the emerging market currencies, only three rose against the greenback, South Africa rand, the Turkish lira, and…
The US dollar rose against nearly all the major and emerging market currencies in the past week. The notable exception among the majors is sterling, where hawkish BOE comments and another rise in average earnings goaded the bulls. Among the emerging market currencies, only three rose against the greenback, South Africa rand, the Turkish lira, and…
by Erik McCurdy, Prometheus Market Insight The negative economic impact of excessive debt on the US economy has been carefully researched and studied for many years. In 2009, economists Carmen Reinhart and Kenneth Rogoff published their seminal analysis of the excessive debt phenomenon, This Time is Different: Eight Centuries of Financial Folly, demonstrating clearly that, once the…
