Warren Buffett hasn’t been on his A game over the past couple years. It’s too early to say how his most recent large acquisition – Precision Castparts – will end up performing. But his last major stock market buy – IBM (IBM) – has been such a lousy performer, we actually shorted it in Boom & Bust. Ouch….
Just when we thought excessive oil supplies would continue to keep oil prices at their lowest, oil producers outside the Organization of Petroleum Exporting Countries are reporting on a drop in crude numbers despite a rise in global oil demand. The situation could lead to oil prices turning the corner and starting to head northwards….
123rf In a revolutionary move, technology giant Apple (NASDAQ:AAPLApple (NASDAQ: decided to enable the ad-blocking technology on its new mobile operating system. Apple has come to realize that this emerging technology niche that is widely used on other platforms has a very strong demand by users who are looking to avoid increasing amounts of advertising on their phones. As…
The meeting minutes from the Fed didn’t show the decision was close, and that was bad news for the greenback. After starting with the minutes and other central bank reactions, we move to rising oil (certainly correlated) and the upcoming events – China is back. FOMC Minutes rundown: We didn’t hear anything that we didn’t know in…
This week we’ll get an important read on the Financials sector as five of the country’s biggest banks report Q3 results. Tuesday, October 13 Wednesday, October 14 Thursday, October 15 JPMorgan Chase (JPM) JPMorgan Chase reports its FQ3 ’15 results before the opening bell on Tuesday. The Estimize EPS consensus is set at $1.45, 6…
Do you see this stock (NGD)? It is one I have traded and/or had on radar since it absorbed Metallica Resources, which I held many years ago. Do you see the chart? It is semi-hysterical and I took profits at the SMA 200 while it was still green this morning. Do you know what I…
We expect airline behemoth Delta Air Lines, Inc. (DAL – Analyst Report) to report strong numbers when it reports financial results for third-quarter 2015 on Oct 14, 2015. With results scheduled to be declared prior to the commencement of trading on that day, Delta will kick off the earnings season in the airline sector. Why a Likely Positive Surprise?…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 unch) are little changed, up +0.06%, and European stocks are down -0.17% as the markets await U.S. Q3 company earnings results this week to gauge whether the economy is strong enough to handle an interest rate increase from the Fed. U.S. government offices and government bond trading are…
The potential for a slingshot move has not been negated. To negate a slingshot, we need a daily closing in the Dow above 17735. If we have the slingshot and trap the majority, then we should see this rally fail and new lows by the first quarter. Can we merely go into a…
If it wasn’t for Ben “the Hero” Bernanke’s courage to print like a drunken Keynesian madman, none of this would have been possible, and by “this” we of course mean that the net worth of the top 0.1% of Americans is about to surpass the wealth of the bottom 90% of US households. That, and making…
