Photo Credit: Bob Schoenherr Cisco Systems, Inc. (CSCO) Information Technology – Communications Equipment| Reports February 10, After Market Closes Networking giant, Cisco, is scheduled to report its fiscal second quarter earnings after the market closes on February 10. Cisco is the largest of several tech companies reporting this week that have benefited from the trend toward big…
The last Housing Market Review covered data released in December, 2015. At the time, I saw the market coiling like a spring. Instead of springing forth, housing market stocks are in big retreat. Recession fears likely have a lot to do with the declines. The iShares US Home Construction ETF (ITB) is now down a gut-wrenching…
This article originally appeared on Iknowfirst.com I have been a Plug Power (PLUG) bear for quite some time now. The stock has declined considerably since I first covered it. Missing estimates, history of unprofitability and overpromising results has been the primary reasons why I have recommended investors to sell/short Plug Power over the years. And…
There’s a reason investors have blindly trusted Wall Street’s “buy the dips” mantra since 2009. In fact… there are 2.3 trillion reasons. That’s because since 2009 U.S. companies spent more than $2.3 trillion buying back their own shares, according to a report by Aranca Investment Research Services. All that buying acted as a floor for…
The Walt Disney Company (DIS) reported earnings yesterday and reaction hasn’t been great despite posting descent numbers. On the chart there are two technical developments: one good and one bad. Which way it decides to go is anyone’s guess. But I’ll lay out the two scenarios for you. The Good: The rising trend-line that goes back…
The Walt Disney Company (DIS) reported earnings yesterday and reaction hasn’t been great despite posting descent numbers. On the chart there are two technical developments: one good and one bad. Which way it decides to go is anyone’s guess. But I’ll lay out the two scenarios for you. The Good: The rising trend-line that goes back…
The move in Gold over the past week or so has captured a lot of attention and is rather exciting as it is the first real evidence of an impending behavioral change in the precious metals complex. I say this because Gold has rallied sharply many times during the last four years, but has always…
The stock market is really a by-product of tremendous forces at work primarily in the currency and commodity markets and on Tuesday, traders were very uncertain given this is Janet Yellen’s week. The Federal Reserve chairwoman goes up to Capitol Hill to deliver the Fed’s semiannual monetary policy report to the House Financial Services Committee on Wednesday and Senate…
Fed chair Janet Yellen keeps repeating the mantra “inflation expectations are well anchored”. They’re not, and I can prove it with a pair of chart on 5-year and 10-year “breakeven” interest rates. The breakeven rate is the difference in yield between inflation-protected and nominal debt of the same maturity. Falling breakeven rates indicate decreasing expectations…
Yep, we have such clear warning signs of imminent disaster. I should probably also point out that the interest burden measured as a share of GDP (net of money refunded from the Fed) is at the lowest level since before World War II. You can see we are imposing a terrible burden on our children….
