Following a weak start to the year, markets have posted strong returns last month. Gains have come on the back of two major factors, a decline in rate hike fears and resurgence in oil prices. Stocks gained again on the first trading day of the month, raising hopes of better times ahead. However, concerns continue…
Over the weekend I shared two Spike Trade setups with ETFs: SPY and GDX. Today April 4th we have seen them both get filled. The SPY spike filled about 80% of the way and the rule we follow with these trade setups is that if 80% of a spike target is reached we aggressively take…
There has been a good deal of concern about stock buybacks in recent years ranging from concerns that buybacks are a poor allocation of resources to the idea that buybacks are propping up the stock market. Today we’ll investigate the idea that stock buybacks are the primary source of elevated stock prices. A recent piece…
What do you do when the necessary is impossible? Rethink the impossible. The three levers of government public policy are monetary, fiscal, and structural policy. At present, only one is functioning at a level that remotely resembles normality: monetary policy. Yet, I would argue that central bankers exercising their monetary policy has now gone…
Finding companies with the criteria you want isn’t always easy. You could spend hours searching ticker after ticker, only to find companies which aren’t worthy of your hard earned cash. An easier way to navigate through this is by using high quality stock screeners. Screening helps investors narrow down companies to invest in based on their…
Gold just had its best quarter in nearly three decades. The precious metal rose 16% during the January through March period nearly doubling the return from long bonds and absolutely crushing the returns of equities and corporate bonds, even after their ‘miraculous’ comeback. I don’t even need to mention how it well it did versus…
Nike (NYSE:NKE) took an unexpected and possibly unwarranted hit after missing third-quarter revenue forecasts. The company posted EPS of 55 cents; an increase of 22% compared to the same quarter of the year prior, beating Wall Street estimates of 48 cents. But the bottom line growth passed right through investors as they saw them miss revenue estimates…
The early exuberance in oil has faded today as WTI tumble to fresh one-month lows… …crucially losing the key 40-week moving average once again as the downtrend looks set to continue. With BNP Paribas warning that WTI is set to revisit the lows of the year: Ahead of a producer gathering in Doha on 17…
Factory orders dove 1.7% in February as reported today by the US Census Bureau. The weakness did not stop with the headline number. January orders were revised lower to 1.2% from 1.6%. Core capital goods plunged a whopping 2.5%, and shipments fell 0.7%. Factory orders fell nearly in line with the Bloomberg Econoday consensus reading of -1.6% but…
Although Tesla (TSLA) has a market capitalization that is 95% lower than Apple’s as things stand, CEO Elon Musk says that it will overtake the tech giant by 2025. Apple (AAPL) is currently trading 18% under its May 2015 high, and the success of the Tesla Model 3 launch was far more successful than predicted, writes Peter…
