So there was this……. and then a few days later…… Plus I heard today he was touting Apple (AAPL) as a great buy, since he saw people were standing in line to buy a phone or something (I thus added to my existing AAPL short by doubling it).
(Photo Credit: stu_spivack) Tuesday, September 29 Wednesday, September 30 Thursday, October 1 Costco Wholesale (COST) Consumer Staples – Food & Staples Retailing | Reports September 29, before the open The Estimize consensus calls for EPS of $1.67, a penny higher than Wall Street. The Estimize community is also expecting higher revenues of $36.64B vs. the Street’s…
The rippling effects of the plunge in oil prices over the past year continue to hit harder on the banking sector. Energy lending, which once aided the U.S. oil boom, now seems to give jitters to banks as they face continuous regulatory pressure to limit exposure in the sector. Concern arises on the fact that…
Update: And there it is: GLENCORE DEBT INSURANCE COSTS SURGE TO RECORD HIGH; 5-YR CREDIT DEFAULT SWAPS RISE 207BASIS POINTS FROM FRIDAY’S CLOSE TO 757 BASIS POINTS Just last Thursday we asked whether Goldman was “preparing to sacrifice the next Lehman”, by which of course we meant the world’s largest commodity trading counterparty, Baar,…
Shares of Valeant Pharmaceuticals (VRX) closed down 16.53% today after Congressional Democrats announced they would seek a subpoena for drug information about the company’s high priced drugs. The reason for this subpoena is because about a month ago Valeant refused the request of documents to be sent to Democratic representatives. The two Democratic representatives who…
Shares of Valeant Pharmaceuticals (VRX) closed down 16.53% today after Congressional Democrats announced they would seek a subpoena for drug information about the company’s high priced drugs. The reason for this subpoena is because about a month ago Valeant refused the request of documents to be sent to Democratic representatives. The two Democratic representatives who…
CB Consumer Confidence There’s only one economic announcement that could move the market at the moment for the session, and that is the CB Consumer Confidence numbers out of the United States. Quite frankly, we do not expect much in the way of a reaction, unless of course it’s absolutely horrific. With that being said…
Coal is a key revenue-generating commodity for railroad operators. Naturally, the decline in domestic coal shipments has contributed big time to the dismal performance by U.S.-based railroad stocks so far this year. The struggles of the railroad operators have been exemplified by the 27.9% year-to-date decline in the Dow Jones U.S. Railroads Index. According to…
A friend just mailed us a few items that were posted at Zerohedge today as they came over the wire services. As is by now a well-worn tradition, individual FOMC board members (both members of the board of governors as well as district presidents) are delivering speeches and interviews galore in the wake of the most recent…
Recently, a retired widow met with me to discuss her concerns about having enough income from her investments. I reviewed her portfolio and made some suggestions about restructuring her investments to get predictable income. Here are some ideas I brought up: Consider bonds Bonds pay a set amount on a fixed schedule, so if you…
