The market is looking weaker and weaker over the past several weeks, and I am starting to take precautions within my own portfolio. The first precautionary measure I am taking is increasing the amount of cash available, or “dry powder,” to make purchases if and when a correction does come. The second precautionary measure I…
EURUSD: With EUR maintaining its corrective bullish offensive, more strength towards its resistance located at 1.1133 level is likely in the days ahead. Support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break here will aim at the 1.0900 level with a turn below that level targeting the…
VIPShop Holdings (VIPS) didn’t do half bad with its second quarter earnings report released on Tuesday, but investors didn’t seem all too pleased. The stock took a dive in the wake of its Tuesday morning earnings announcement, even though its numbers were rather strong. It was trading down about 10% for the day one hour ahead…
Planet Fitness [NYSE:PLNT] is a lightning rod for controversy and opinions. Serious fitness types tend to hate PLNT and even take the time to produce videos highlighting how inferior Planet Fitness gyms are, how wrong their policies against excessive lifting and grunting are, and why only wimpy people would ever go there. The IPO itself…
I’m going to go out on a limb here and make an assumption: You haven’t looked at your 401k allocation in months. In fact, if you’re like most Americans, you probably haven’t looked at it once in 2015. If you’ve been at your company long enough, it’s likely you haven’t really looked at it in years….
Stocks slumped today on the overnight news that China was devaluing their currency by almost 2 percent. Countries devalue their currencies when their economy is weak, and they wish to hamper imports and stimulate exports. Stock valuations in the US are fully priced in my opinion. There was a story today about Viacom’s stock buyback program….
1997 Asian Currency Crisis Redux Second Verse, Same as the First, a Little Bit Louder and a Little Bit Worse China surprised the financial markets on August 11, 2015 by devaluing their currency, the Renminbi (CNY), the equivalent of 2% versus the U.S. Dollar (USD). This is the largest daily move in the CNY in…
I had the privilege of trying to explain what is happening in China and its significance for the world on CNBC with Kelly Evans and Bill Griffeth. The key point I tried to make is that it is not so much what China did today with a 2% devaluation. After all, the Australian dollar fell nearly…
A fair number of commenters, callers and perma-bulls were relatively tough on me in May when I suggested a strategic decision to raise cash levels. They were even tougher on me when I mentioned the possibility of picking up safer havens like intermediate treasuries via iShares 7-10 Year Treasury Bond (IEF) and intermediate-to-long duration municipal bonds…
(Photo Credit: Alibaba Fan Boy) Internet retail giant, Alibaba Group Holding (BABA) , is scheduled to report fiscal Q1 2016 earnings before tomorrow’s open. Currently, the Estimize community is looking for EPS of $0.62 vs. Wall Street’s estimate of $0.59. This would imply a year-over-year growth decline of 26%, after eight consecutive quarters of 26% growth or better, likely…
