Go Nuts for John B. Sanfilippo & Son This week’s hot stock had an outstanding 2014 and was up 53% over the course of the year, but is undervalued even at its new, higher price. As a main producer of one of the most popular snack and health foods in the country, this company has…
After the closing bell today key GoPro (GPRO) partner Ambarella (AMBA) will report its fourth quarter earnings. At the start of 2013 little known Ambarella was trading at a modest $8 per share. Today the stock is trading at over $60. In GoPro’s S-1 filing leading up its IPO the company cautioned that there was…
Guest post by Steve Saville Total guesswork regarding China’s gold holdings Last year I noticed an article by Alasdair Macleod containing an estimate that China (meaning: China’s government) had accumulated 25,000 tonnes of gold between 1983 and 2002. I would say that this estimate was based on rank speculation, but that would be doing an injustice to rank…
Apple (NASDAQ: AAPL) produces a variety of devices that are omnipresent in day to day life, but is it possible for the tech company to become even more ubiquitous? Kathyrn Huberty of Morgan Stanley thinks so. On March 2nd, Huberty maintained a Buy rating on Apple and raised her price target from $133 to $160. According to an article published…
We in the precious metals industry spend a lot of time touting the virtues of gold, but there is another metal that should make every bullion enthusiast stand at attention right now: silver. Silver is historically undervalued right now at around $17 an ounce even as the US Mint continually runs out of silver eagles….
The DAX (GDAXI) has been on an unexpected tear recently, launching into frontiers previously unknown. In mid-February, it reached the psychological 11,000 point mark for the first time. The last time the DAX reached a new high, it was followed by a slump, but this time it hasn’t. In fact, rather than giving investors the sense it has reached…
Our oldest subscriber has just died aged 109. I first met Irving Kahn when I opened my first brokerage account at Abraham & Co., where my great-uncle Jack Oppenheim, stock market mentor to the German Jews, worked. (Jack had fled Germany with enough money to buy a seat on the New York Stock Exchange and…
As I’ve mentioned before, IPOs take patience. I like to wait for a new stock to shake out a bit before making a purchase. I’ve been watching Alibaba (BABA) since the IPO and haven’t built a position or made a trade because the Twitter (TWTR) and StockTwits streams haven’t been able to confirm a good entry…
Back in September, when it first went public, and when it quickly became the talk of the TV studio currently located on the obsolete NYSE floor in New York, a constant source of China buzz, not to mention making Jack Ma China’s richest man, Alibaba’s market cap soared as high as $250 billion, making it one…
Just about every day for weeks now, I’ve been thinking, “CIB sure looks like a huge topping pattern; I should short it, but it’s already gone down so much.” But then it would just keep sinking. So I finally threw my hands up and decided that the enormity of the pattern would take care of…
