When it comes to a down market like the one we’ve been seeing since mid-August, investors like you have to hone their stock-selection skills. Here’s why. During the third quarter, most stocks sold off, including many tech leaders. The Dow Jones Industrial Average (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQ) have all spilled more than 8%. On the…
Brown-Forman (BF-B) manufactures and sells alcoholic beverages globally. The business’ flagship brand is Jack Daniels. Brown-Forman also own Sonoma wines, Korbel Champagne, Chambord, Tuaca, Southern Comfort, El Jimador, and Finlandia Vodka. The image below shows the company’s alcohol brands: Source: Brown-Forman Back to School Presentation Brown-Forman has increased its dividend payments for 31 consecutive years….
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.71%) are up +0.69% and European stocks are up +1.53% as global stocks and emerging-market currencies rallied on speculation that a Fed interest rate increase has been pushed back into next year. European stocks rose further and EUR/USD fell back from a 1-1/2 month high on signs that…
The Euro came under heavy sell pressure in the wake of comments made by an ECB official regarding the economic need for additional stimulus. For the last three weeks, the Euro had been edging higher, but analysts say that FX traders were really looking for any reason to begin profit taking which left the single…
Recession talk is on the rise lately, and for an obvious reason: the economic data has been weak. Yesterday’s monthly update on retail sales, for instance, reveals that spending in the US rose a tepid 0.1%. Soft data can be found in several other indicators, including industrial production, the ISM Manufacturing Index, and flat-to-slightly-negative growth…
UnitedHealth group Inc. (UNH – Analyst Report), the bellwether of health insurance companies, has a strong presence in the sector and is among the top five companies in the industry. This Minneapolis-based company is well known for its diversified business profile providing an array of well-being services to people through all stages of life. UnitedHealth stands apart from…
After two consecutive days of miserable Chinese econ data, when first imports and exports, and then wholesale deflation disappointed for one more month, overnight we got even more Chinese data this time on the “credit input end” when Beijing reported its September money creation statistics. Overall M2 rose at 13.1%, in line with consensus, and…
EUR/USD Signal Update Yesterday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of the supportive trend line currently sitting at around 1.1412. Put the stop…
I leave today for a business trip to Tokyo, Hong Kong and Beijing over the next three weeks. Updates to the blog will be more sporadic, and with a different rhythm given the time zone. Please bear with me. Given this is may be particularly helpful to summarize my views: 1. I remain a…
Preconditioned to “buy the dips” and capitalize on special situations, millions of investors have picked up shares in Volkswagen AG (VLKAY) with the hope of making a killing on the rebound. I think that’s a mistake. No doubt special situations can create huge profits, but what’s happening now with VW stock is very different and…
