There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies reviewed by ModernGraham trading closest to their 52 week low. Each of these companies has been determined to be suitable for the Enterprising Investor according to the ModernGraham approach. Defensive Investors are defined as…
OVERNIGHT MARKETS AND NEWS September E-mini S&Ps (ESU15 -0.54%) are down -0.36% and European stocks are down -1.10% after China unexpectedly devalued the yuan by 1.9%, the most in two decades, which sparked a sell-off in emerging-market currencies, commodities and stocks with exposure to China. The move by the PBOC risks starting a currency war as global demand wanes and…
The media and content business has long been one of our favorites, for several reasons: They have a nice dual revenue stream of carrier affiliate fees and advertising. The former gives these firms a reliable, predictable, and steadily rising stream of cash flows. The latter allows them to capitalize in strong economic climates (which are…
China’s problems continue to mount and each day brings news of additional changes from within the world’s second largest economy. The People’s Bank of China depreciated the yuan by nearly 2 percent in early trading on Tuesday, moving towards its biggest daily drop ever, surpassing the number reached three years ago. The yuan was quoted…
Econintersect: The National Federation of Independent Business’s (NFIB) optimism index improved from 94.1 to 95.4 – and still not above the 42 year average of 98.. The market was expecting the index between 93.9 to 96.0 with consensus at 95.0. NFIB chief economist Bill Dunkelberg states: A rollercoaster of optimism seems to be a familiar trend…
The bulls are out in full force now that warmer weather forecasts across the US have permeated the markets. Temperatures from the North East to the eastern Midwest are expected to be above normal for the next 6-10 days. Warmer temperatures also stabilize sentiment among speculators in the natural gas market. Warmer temperatures are forecast…
Watch out Europe, Spain, once considered a troubled economic region mired deep in debt and unemployment, has become a relative powerhouse. While many economic indicators, most specifically unit labor costs, have led to relative prosperity, one indicator of economic prosperity lags: its stock market remains stagnant, an institutional multi-asset research piece from Source points out. However, this…
AUD and NZD were hit the hardest as the USD strengthened across the board In a surprise move today the People’s Republic of China, raised its USD/CNY rate by almost 2% while also indicating that greater volatility ahead could be expected. This was the biggest one day drop in its currency ever since China adopted…
Chinese officials surprised the market by instituting a mini-devaluation of the yuan. The 1.9% move was signaled by announcing the highest dollar fix in two years. Officials indicated that this was a one-off move in response to the appreciation of the real exchange rate. At the same time, it injected CNY50 bln through a seven-day…
Well, pretty much anyone who is not an economist or Wall Street “strategist” because a mercantilist, export-dominated nation pegged to a currency that has appreciated by an unprecedented amount in the past year, is grounds for nothing short of disaster, or using the parlance of our times, a “hard-landing.” Case in point: this is what…
