Trade negotiations and threatening global tariff volleys are contributing to significant volatility in the financial markets. Although applicable in many ways, the Smoot-Hawley protectionist act of 1930 is unfairly emphasized as the primary point of reference for understanding current events. In 1944, an historic agreement was forged amongst global leaders that would shape worldwide commerce…
Micron (MU – Free Report) delivered another exceptional quarter of record revenue and profits on March 22 and analysts responded with further boosts to their estimates for coming quarters. The upward EPS estimate revisions weren’t especially dramatic in the past few weeks, with the current fiscal year (ending August) only rising 3.4% from $10.63 to $10.99. But that’s…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock…
Oil prices could rise due to the “perfect storm of stagnant supply, geopolitical risk, and a harsh winter,” according to an April 12 note from Barclays. Geopolitical events specifically could help keep Brent above $70 through April and May, which comes on the back of a substantial decline in oil inventories. The investment bank significantly…
Fascinating, aren’t they, these security markets of ours, with their unpredictability, promise, and unscripted daily drama. But individual investors themselves are even more interesting. We’ve become the product of a media driven culture that must have reasons, predictability, blame, scapegoats, and even that “four-letter” word, certainty. We are becoming a culture of speculators, where hindsight…
For those of you who like pretty charts, here’s one that’s trending in the crypto-world right now. They call it the HODL chart. The more red colors indicate more active coins whereas the bluer colors indicate coins that haven’t budged in a few years. We’ll need to assume that many of the more blue coins are ones that may…
Venezuelan military rule of the state runs oil company PDVSA took an ugly turn after the Venezuelan military arrested two Chevron workers for what they say is graft and corruption. This comes as the American Petroleum Institute (API) reports a trifecta of draws in petroleum supply, and Morgan Stanly warning that U.S. refiners have had…
With a gain of over 9% on Tuesday after its strong earnings report on Monday afternoon, shares of Netflix (NFLX) are up an almost ridiculous 75% YTD, 13% in just the last week, and now over 13% above the 50-DMA. The rally for NFLX has been so huge that its market cap is now just $8…
It’s important to understand that yield curve inversion and bear markets typically begin 9 to 12 months before any recession is officially proclaimed in backward-looking data. Here is my partner Cory Venable’s chart showing the inversion points in the past two cycles, and where we are today. In the last cycle, the US yield curve…
In recent days, the cable has been one of the best performing currency pairs. It has risen from a low of 1.3700 in early March to a high of 1.4400 yesterday. The surge the pair has experienced can be attributed to several factors. First, there seems to be progress in the Brexit negotiations, inflation, the…
