“Unless you expect the unexpected you will not find it, for it is hidden and uncharted.” Heraclitus, as quoted by Euripides Once again we had a pop rally in equities based on some vain hope, in this case it was the dovish words of Chairman Yellen in her Fed testimony to the Congress. And once again…
Twitter Inc. (NYSE:TWTR) released its fourth quarter earnings report after closing bell tonight, posting adjusted earnings of 16 cents per share, compared to the consensus of 12 cents per share, and revenue of $720 million, compared to the consensus of $710 million. Twitter shares plunged by as much as 12.35% to $13.13 per share in…
According to our valuation model, stocks have not been this undervalued since November, 2011. At that time, the SP500 was around 1200. We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the Nasdaq 100. The companies listed below represent…
Written by Jill Mislinski Last week’s Employment Report for January disappointed forecasts. The unemployment rate ticked down to 4.9% and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) dropped to 151K with December’s number revised downward by 30K. Our preference is to look at the data from a longer-term perspective…
Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company. To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s golden goose and the world’s largest container operator – racked up $182 million in red ink last quarter and…
There are two popular theories regarding how and why oil prices should rise. As the energy bubble was credit-fueled, I will provide a credit market perspective on the energy sector. One theory is that the Saudis will bow to the wishes of OPEC (and potentially non-OPEC) producers and agree to production cuts. The idea is…
Oil is continuing to hover around horribly low $30.00 levels. The massacre in prices we have seen in this market since it began to plunge has been truly historic, crippling countries that rely heavily on this commodity. Two countries that we have written about extensively, Russia and Canada, have both felt the pain that a…
Last week, former New York mayor and multi-billionaire Michael Bloomberg indicated that he might run as an independent for the presidency in November. Whether he has a real chance of winning mostly depends on the two major parties’ nominations, but there may be a slim opening. However, in the event that he did win, it’s…
And now every single person who has ever bought this rich man’s piece of cr*p is a loser.
Natural gas is a tricky thing – besides its propensity to blow up, it also requires a change in state (from gas to liquid) for trans-oceanic transport. The capital outlay for liquefaction and gasification terminals is significant as well as time consuming. Over 25 years ago, when the natural gas market was tight, one country invested so extensively…
