Only one of eight indexes on our world watch list have posted gains through Monday, March 26, 2018. The top performer this year is Hong Kong’s Hang Seng with a gain of 2.10%. In second is our own S&P 500 with a loss of .056%. India’s BSE SENSEX is in third with a loss of…
Stock picks for this week: MAN and HRB. Video Length: 00:05:59 ManpowerGroup Inc. (MAN – Free Report), is the world leader in innovative workforce solutions. The company reported strong Q4 2017 results with healthy year-over-year increases in both earnings and revenues. The stock has surpassed estimates three times in the trailing four quarters. With a Value style…
Video length: 00:14:58 Stocks rally back strong today as short sellers scrambled to cover their shorts. The question though – is the selling over or can we short this rally? In tonights crucial video newsletter update we look at the opportunities and risk for the remainder of the week. Watch this urgent video right now…
As I noted last week, solar stocks rose following better than expected results posted by Canadian Solar (CSIQ) and a bullish note on the solar sector by UBS. But then China’s JinkoSolar (JKS ) reported its fourth-quarter results Thursday morning, and some investors were upset by the decline in the company’s gross margin to 11.6% from…
Gold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008. The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable…
Stocks just ripped back higher today, led by the SP 500 futures overnight. During the day market, the gains were led by, wait for it— tech and financial stocks. Mission accomplished. Old bubbles never die. They are just repeatedly resurrected by the banking system and the Fed. Gold and silver put in a nice performance…
Top tickers for end of day: T, BAC, FB, GE, F.
US economic growth expectations have slipped dramatically throughout Q1 as weaker-than-expected (real) macro data has spoiled the party (along with rising geopolitical risk). However, surveys of economic hope are hyped up on goldilocks-like hype – to an extent we have never seen before… ever. As BofAML’s latest report shows, based on economic survey data, US economic growth…
John Rubino shares his thoughts on the ongoing political saga as trade wars dominate the headlines. We also discuss Fed Chairman Powell’s first live meeting and how the Fed wanting stable markets but Trump continuing to throw them into turmoil. (Audio length 00:17:16)
Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the…
