Yesterday we published the first set of 7 “What If” scenarios that didn’t make it into the Citi Credit team’s (already rather gloomy) year-ahead forecast. Because while Citi’s “base case” was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank’s credit team wrote “what about…
Digital currencies suffered a major crash just before the long holiday weekend. That crypto-crash was followed by an initial stabilization late on Friday and consolidation during the holiday. Bitcoin found support at $13,207 and began rising gradually from there. As Christmas Day gave way to Boxing Day, these gains are accelerating. BTC/USD is up some…
The predominant investment strategy is to invest in index funds which means that you own an index like the S&P 500, which is a basket of the 500 biggest businesses traded in the U.S. Owning part of the 500 best businesses in the U.S. is not a bad thing but there are a few things…
The Chart of the Day belongs to MiX Telematics (MIXT). I found the software solutions stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent Price Appreciation. Since the Trend Spotter signaled a buy on…
One stock that might be an intriguing choice for investors right now is Deere & Company (DE – Free Report). This is because this security in the Manufacturing – Farm Equipment space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide…
The last two weeks of the year are often interesting for the stock market as it oftentimes experiences what is known as the “Santa Claus effect.” The Santa Claus effect, in short, refers to the strong gains that the market experiences during these weeks as a result of employees investing their Christmas bonuses, portfolio rotation…
The latest wisdom of the day from true believer Naeem Aslam is Ignore a 20% to 30% drop in bitcoin because the longer trend is up. If you dive into the article Aslam states “If the price drops by 70% now, it only will be touching its 200-day moving average, which is near $4,473.” Apparently,…
The United States announced a $285 million cut in the United Nations’ “bloated” budget for next year, negotiated by UN Ambassador Nikki Haley. A statement by the United States Mission to the United Nations reads: Today, the United Nations agreed on a budget for the 2018-2019 fiscal year. Among a host of other successes, the…
The medical devices industry…has seen quite an eventful year in 2017… courtesy of a series of socio-political occurrences that favored the space, but standing at the threshold of 2018, it is imperative for investors to find the means which can dilute the macroeconomic woes and help them gain more. Based on strong fundamentals and positive vital…
The news cycle as a whole was somewhat slow this week, as is somewhat usual for the week leading up to the winter holidays. With that said, the last two weeks of the trading year are oftentimes subject to what is known as the “Santa Claus Effect.” Investopedia defines this phenomenon thusly, “A Santa Claus…
