Walmart (WMT) didn’t have its best day today. The bellwether retailer forecast a profit decline of 6-12% in its 2017 fiscal year, in some part because of a $1.5bln increase in wage expenses; the stock dropped 10% to its lowest level since 2012 and off about 33% from the highs (see chart, source Bloomberg). I mention…
With interest rates at record lows and relatively rich fixed income valuations across many sectors the bond market is becoming an increasingly tricky place to navigate. As a result I find myself researching new ways to squeeze returns out of this segment of the market on a near daily basis. Increasingly, I feel like I am squeezing…
Gold and silver both had nice rallies today as they moved even deeper in the overhead resistance of the long bear market. I have updated the gold chart with some new indicators of where we are. The Bucket Shop is becoming very quiet, like a museum, but empty, devoid of humanity. More like a tomb…
Out of the multitude of companies, which ones would legendary value investor Benjamin Graham buy today? I’ve compiled ten great companies that fit the ModernGraham criteria, based on Benjamin Graham’s methods. The companies in this list pass the rigorous requirements of either the Defensive Investor or the Enterprising Investor and are undervalued by the market. Here are the…
Lead indices continued to experience selling, but Semiconductors posted strong gains which may help drive the Tech indices over the following days (despite minimal positive impact today). The index has already pushed the breakout, and today’s looks like a follow through on this breakout, not to mention a break beyond the September swing high. The…
In a volatile macroeconomic world, micro caps can offer some immunity as they move based on company news rather than front page headlines. But you have to pick your companies carefully. In this interview with Streetwise Reports’ Special Situations, Jim Collins, founding partner of The Portfolio Guru, shares the names of a handful of companies he found…
For the first time in 5 months, API has reported a third weekly inventory build in crude oil in a row. API reported a stunning 9.3 milion barrel build (against expectations of a 1.8 mm build) with Cushing rising 1.4mm barrels! The result of the biggest inventory build since April, WTI is getting hammered… Click on image to…
As I indicated the other day, based on the extreme reading in skew, and intraday today on the warning from Walmart and the general lack of economic recovery which is seemingly invisible to the upper crust and their media minions, I think that sometime within the next year or two we are going to see…
One of Casey Research’s biggest calls this year is paying off… In early August, E.B. Tucker, editor of The Casey Report, told subscribers how to profit from the world’s oversupply of oil. If you read financial newspapers for more than a week, you’ll notice that global oil production is near record highs. Last year, global…
Netflix (NFLX) released its third quarter earnings report after closing bell tonight, posting earnings of 8 cents per share and streaming-only revenue of $1.58 billion. Analysts had been expecting earnings of 7 cents per share and $1.75 billion in total revenue. These two revenue numbers are not comparable because the $1.58 billion does not include revenue from the DVD…
