Strong equity rallies all across the globe today with most markets returning between 1.5 and 2.5%. In Europe it took time for both the FTSE and CAC to follow suit but by the end of the day made Europe a clean-sweep. The US markets performed well especially after FED comments. There is growing speculation that the FED…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 217 = 17,141 SPX + 29 = 2023 NAS + 87 = 4870 10 YR YLD + .04 = 2.20% OIL + .28 = 46.92 GOLD – .90 = 1184.40 SILV un = 16.22 The consumer price index, or prices at the retail…
Founded in 1945, El Segundo, California-based Mattel Inc (MAT) is a leading American toymaker that designs, manufactures, and markets trademarked brands like Barbie, Hot Wheels, and Fisher-Price around the world. It currently has a presence in 40 countries, and operates through three business sections: North America, International, and American Girl. Currently, Mattel has a Zacks Rank #4…
Naturally you can assume that portfolio managers are working hard to stay invested since that’s their duty. The herd can invent all manner of spin to keep the con going that bad news remains great since the Fed “can’t” or “won’t” raise interest rates. This is all bulls focus on. Sure they can cherry-pick news…
My estimate of 2020 for fully autonomous cars on the roads, that most laughed at a few years ago when I made the prediction, is starting to look laughable in the other direction. Please consider Tesla Adds High-Speed Autonomous Driving to Its Bag of Tricks. On Thursday morning, Tesla (TSLA) owners woke up to discover that…
Ken Rogoff in the Financial Times argues that the world economy is suffering from a debt hangover rather than deficient demand. The argument and the evidence are partly there: financial crises tend to be more persistent. However, there is still an open question whether this is the fundamental reason why growth has been so anemic and…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies for value investors reviewed by ModernGraham with the highest beta. A company’s beta indicates the correlation at which its price moves in relation to the market. A beta greater than 1 indicates a…
As the post-“crash” recovery lurches to another high, the mainstream media and bulls are splooging left and right: I am surprisingly nonplussed about the entire affair. I remain extraordinarily short, and although I covered some nice money-makers early this morning (WDC, MTW, STX) and had a couple of profitable intraday ETF trades (DIA, EEM, both…
Congress is heading into another big brawl over the federal budget deficit, the national debt, and the debt ceiling. Republicans are already talking about holding Social Security and Medicare “hostage” during negotiations—hell-bent on getting cuts in exchange for a debt limit hike. Days ago, U.S. Treasury Secretary Jacob Lew asked whether our nation would “muster the political…
With oil back below $50 a barrel, the Chinese economy slowing, and the dollar staying strong, this could look like a terrible time to invest anywhere near the materials space. In fact, in the wake of petroleum prices dropping more than 50% in less than a year, deflation now stalks the entire global resource ecosystem….
