Today we came across Micron Technology Inc. (MU). The current P/E of 4.29 stood out in stark contrast to the much higher multiple of S&P 500 of 20.7x and the 5-year average of 16.5x. So is Micron a value or a trap? Top and Bottom Line Returns Would Say It’s A value Micron Technology Inc….
Yesterday was the first day of the Fourth Quarter of 2018, so it’s a good time to assess where markets are for the year. Nobody should change their portfolios radically based on recent market moves, and, to the extent that anybody does, the bias should be selling what has dropped and buying what has surged….
I’ve looked at oil from both sides now, from supply-demand and still somehow, the glut illusion I still recall, they really don’t know oil at all. Both Brent and West Texas Intermediate reached new highs in the oil “supercycle” achieving highs that we have not seen since OPEC started the oil production war Thanksgiving 2014….
What was looking like quite a bad morning for US equities when our alarms went off a few hours ago is looking a lot more manageable now as futures have rallied off their lows. In yesterday’s session, the big star of the day was oil and the Energy sector in general. Driven by a 2.8%…
PepsiCo (PEP – Free Report) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.92%. A quarter ago, it was expected that…
We have to come to the reality that from 2019 onward, we are headed into a Pension Crisis that will be serious. Many are starting to yell about the debt crisis. They lump on private debt and yell its a bubble. What they miss entirely is the fact that we face more than a decade of…
At the last minute last night the US and Canada cut a deal, so now Canada is on on the deal to change NAFTA to USMCA. I think the name change is the biggest part of it, even though Trump still claims that NAFTA was “the worst trade deal ever” and the new deal makes…
Echoing the words of his European counterparts, Chairman of the US Commodity Futures Trading Commission Christopher Giancarlo (AKA Crypto-Dad), has stated that… However, these statements aren’t even half as bullish as a recent speech delivered at the United Nations by the Prime Minister of Malta, and I quote… “Can we solve stalemate diplomatic negotiations by applying algorithms that can avoid war? Can…
Bitcoin markets fell slightly during the trading session on Monday to kick off the week but bounced a bit to show signs of life again. Ultimately, the market looks likely to challenge this downtrend line again, and if we can finally break above there, then we could get this rally going and reach towards the…
Bitcoin markets fell slightly during the trading session on Monday to kick off the week but bounced a bit to show signs of life again. Ultimately, the market looks likely to challenge this downtrend line again, and if we can finally break above there, then we could get this rally going and reach towards the…
