from the Securities and Exchange Commission The Securities and Exchange Commission today charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank (Suisse) agreed to admit wrongdoing and pay $12.5 million to settle…
DOW – 2 = 17,814SPX – 2 = 2067 NAS+ 3 = 4758 10 YR YLD – .05 = 2.26% OIL – 1.95 = 74.22 GOLD + 2.90 = 1202.20 SILV + .20 = 16.77 The major stock indices couldn’t close at records, but Apple reached a milestone today. Apple’s market capitalization hit a record…
The Chart of the Day belongs to VF Corp (NYSE:VFC). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 10/21 the stock gained 11.13%. V.F. Corporation designs,…
Running length 17:53
Tech giant Hewlett-Packard (HPQ – Analyst Report) posted fiscal Q4 and full fiscal 2014 earnings after the bell Tuesday. While earnings per share of $1.06 topped the Zacks Consensus Estimate by a penny, revenues of $28.4 billion in the quarter missed our expectations of roughly $28.9 billion. Shares had slipped about 3% in immediate after-market…
Uber at the core is nothing more than a bunch of guys who came up with a clever app for streamlining the way you call for a car. Rather than phoning or texting, you tap on the app. Rather than paying with cash or credit cards, you have an account. And rather than depending on…
Looking around the gold sector at some of those who have tried to keep ‘em bullish all the way down. The peddlers of hope are irrepressible. Huey writes that gold stocks are well supported by the enormous expansion in the global gold jewelry business. In fact, according to Huey Western mining stock shareholders stand to…
If You Can’t Beat Them, Outlaw Them … We have previously reported on the French obsession with stifling competition to the vast detriment of the consumer, so as to protect established businesses with all sorts of legal restrictions. A prime example of this nonsense is France’s decision last year to make free shipping by Amazon (AMZN)…
Something appears to be happening to gold. That something is either China finally revealing its true gold inventory, which is unlikely, or, more likely, the biggest fat finger in the history of gold, as a liquidity testing algo goes absolutely insane in the pre-open period (and loses its job on the BIS’ payroll). Or, most…
If you’re into retail and want a true contrarian play, look no farther than beleaguered chain JC Penney (JCP). It’s been beaten to smithereens, presently about 10% of its prior peak price, and it seems to be hammering out a bottom.
