“I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.” –Charlie Munger The other day I noticed that Starbucks had made a new, all-time high, even in the midst of the steepest stock market correction…
Guest post by Tony Sagami “Earnings are the mother’s milk of stocks.” – Old Wall Street adage Alcoa is the first major company to report its quarterly results, so it often sets the tone for the rest of earnings season. If Alcoa’s results are any indication, things could get very ugly very fast. It’s no secret…
It took some extra cash and effort, but the long-proposed merger deal between SAB Miller and AB InBev is now a reality with the news today that SAB Miller accepted a sweetened offer from Anheuser-Busch InBev SA/NV totaling at $104 billion. The resultant firm would dominate every beer market across the globe and big macro…
In news that is bound to make the inflationists at the Fed as well as property owners happy, Landlords Will Hike Rents by 8% this Year. Some 88% of property managers raised their rent in the last 12 months and 68% predict that rental rates will continue to rise in the next year by an average…
Photo Credit: Mike Mozart Charlotte, NC based Bank of America (BAC) is set to report earnings before tomorrow’s opening bell. The Estimize consensus is currently looking for EPS of $0.36, a nice improvement from the year-ago loss of $0.01, and revenues of $21.33 billion, a decline of 0.5%. Wall Street analysts are expecting lower earnings and sales of…
For the past two weeks I have written to my premium subscribers to look at copper and the industrial metals as I saw deep pocketed private equity funds and billionaires such as Carl Icahn and KKR taking big bets on beaten down Dr. Copper hitting five year lows. I knew that a bottom could be…
You know those annoying notifications that chime on your cell phone in the middle of the work day? The ones that sound off to let you know when Kim Kardashian’s son sits on a commode? Or when Donald Trump insults a member of the media? I get far too many of those. I’ve tried playing with…
Caution- Risk Remains High But Opportunities Lie Ahead Obviously all of these stocks were up huge YTD until early August when the correction began then they were hit harder on the second downturn on September 21 with the Hillary tweet on drug pricing hitting biotech bear market technical levels. There is still likely to be headline risk on drug pricing so stay cautious…
Caution- Risk Remains High But Opportunities Lie Ahead Obviously all of these stocks were up huge YTD until early August when the correction began then they were hit harder on the second downturn on September 21 with the Hillary tweet on drug pricing hitting biotech bear market technical levels. There is still likely to be headline risk on drug pricing so stay cautious…
“Narcissus so himself, himself forsook, And died to kiss his shadow in the brook.” William Shakespeare, Venus and Adonis Tony Sanders has a very interesting column today pointing out a remarkable spike higher in ‘skew risk’ for the SP 500. Here is the definition of skew risk from the the Chicago Board of Options Exchange: The…
