It happened officially on February 1st, but being late to the part does not diminish its significance for the long-term. Google (GOOG) just recently surpassed Apple (AAPL) as the most valuable company in the world – not larger, but on the whole worth more money. Google is now has a market cap of a whopping $466 billion…
All of a sudden, everybody has gone bullish on gold, even Wall Street. Within the last couple of days Jim Cramer, the CNBC Nightly Business Report, and Van Eck Global all sang gold’s praises. Cramer said, “There is a bull market in Gold,” and CNBC Nightly Business Report opened the show Monday proclaiming, “Hard assets…
This week will see the world’s most influential woman, Janet Yellen, speak to the US congress; this will likely be a high volatility event for the US Dollar. The Dollar Index is a gauge of the strength of the US dollar against their trading partners; it is used to determine whether to long or short…
After long weeks at high levels, this weekly barometer of the labor market dipped to more favorable levels: 269K instead of 281K expected. Continuing claims also beat with 2.239 instead of 2.25 million forecast. The 4 week moving average is down to 281.25K, still elevated given the previous elevated 3 weeks. The US dollar is…
2Y yields crashed 10bps overnight – the biggest plunge in yields since September’s FOMC fold on rate-hikes. The rest of the Treasury bond complex also saw yields crash with 10Y flash-crashing 20bps – amid collapsing liquidity – at its deepest. Then – as if by magic – a sudden crazed Yen seller appeared and lifted all…
New filings for unemployment benefits fell 16,000 last week to a seasonally adjusted 269,000, according to this morning’s weekly report from the US Labor Department. The slide represents a timely challenge to the dark outlook that’s currently reflected in a markets-based forecast for the US economy. In other words, there’s enough ambiguity to keep the crowd guessing, which means…
We start with the United States where Janet Yellen’s testimony suggests that the Fed is becoming more concerned about tight financial conditions, the RMB devaluation, and global economic uncertainty. Source: FRB Strangely, Yellen left the door open for a March rate hike, disappointing those who expected her to take near-term hikes off the table. In that…
Photo Credit: Pop Culture Geek Activision Blizzard, Inc. (ATVI) Information Technology – Software| Reports February 11, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of $0.89 and revenue of $2.22 billion, slightly higher than corporate guidance and Wall Street In November 2015, Activision announced its acquisition of King Digital This quarter the Activision…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies reviewed by ModernGraham trading closest to their 52 week low. Each of these companies has been determined to be suitable for the Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as…
The DAX 30 (FXCM: GER30 is lower by 1.24% at the time of writing. The index remains firmly bearish below yesterday’s high of 9129 and traders will most likely use a correction to the 8859 to 8958 range to add to their bearish exposure as the risk/reward ratio favors bearish positions here. Also, private traders who are long as they trade against…
