Headquartered in Hamilton, Bermuda, White Mountains Insurance Group (WTM – Snapshot Report) is a property and casualty insurer and reinsurer. The company conducts its principal businesses through OneBeacon (specialty insurance), Sirius Group (global reinsurance), HG Global (U.S. municipal bond reinsurance) and White Mountains Advisors (Investment management). Rising estimates sent the stock back to Zacks Rank # 1 (Strong Buy)….
At last, change is coming to U.S. markets. Before this year is over, the first equity crowdfunding deals will be live. For the first time in 82 years, average Americans will be legally allowed to invest in private companies. That privilege has been reserved for “accredited” investors since the Securities Act of 1933. For 94% of Americans,…
One phenomenon I find holds true in trading and investing is that some things that diehards think should not go together just work. It’s a lesson I learned early. It came from my love of eating, which led to my love of cooking. Specifically, it was a batch of hot, gooey brownies followed by a…
Uber’s got big trouble in little China. The new-age taxi company has stated that China represents its biggest market outside of the United States – and is spending millions to fund its expansion efforts into 100 new cities there over the next year. Hardly surprising when you consider that China is the world’s largest transport…
Amid the best 4-day gains in gold prices since January, Gold ETFs have seen a surge in holdings in the last 2 days. The 412,000 try ounce increase in physical holdings at GLD is the largest in 9 months and lifts the total to 3 month highs at 22.5 million troy ounces (or 700 metric tons). Click…
There have been times when I’ve missed my old manufacturing days, but decelerating as the sector is, this is not one of them. In this atmosphere price increases are non-existent and in some cases price decreases can even be demanded by customers (cue the image of my customer, the materials manager of the Medical/Life Sciences…
Industrial production declined for the eighth time in nine months, by 0.2%, pretty much in line with Econoday Consensus estimates. Industrial production continues to sink, down 0.2 percent in September which is slightly better than the Econoday consensus for minus 0.3 percent. The manufacturing component continues to sink, down 0.1 percent for a second straight decline and…
The Dow Jones Industrial Average begins the fourth quarter with a gain of 4.9% pulling the average out of correction territory, down 4.1% year-to-date and 6.9% below its all-time intraday high of 18,351.36 set on May 19. All 30 Dow stocks have gains so far in October, led by three stocks that are still in…
The exchange traded funds (‘ETFs’) universe has been expanding at such a pace that it is a challenge for an average investor to keep up with all the developments. According to the latest Global ETP Landscape report by Blackrock, there are currently close to 2,000 exchange traded products available in the US only. With multiple…
Talking Points The EURUSD is trading in a 73 pip Range Range Support is found at 1.1348 Bearish Breakouts begin under 1.1312 EURUSD 30 Minute Chart Click on image to enlarge (Created using Trading View Charts) The EURUSD has moved to support this morning ahead of the US market open. Range support is found at a price…
