TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Steve Palmer’s AlphaNorth funds have a history of making high returns from investments in Canadian commodity juniors, including energy and gold plays. With regard to the current commodity markets, however, Palmer pulls no…
China shocked the world markets overnight by devaluing their currency by the most in two decades. A devaluation of this sort is designed to improve the domestic economy by stimulating exports, lowering domestic costs of production relative to other sources, and to inhibit imports by raising their relative prices. In other words, China clearly signaled…
The market is looking weaker and weaker over the past several weeks, and I am starting to take precautions within my own portfolio. The first precautionary measure I am taking is increasing the amount of cash available, or “dry powder,” to make purchases if and when a correction does come. The second precautionary measure I…
EURUSD: With EUR maintaining its corrective bullish offensive, more strength towards its resistance located at 1.1133 level is likely in the days ahead. Support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break here will aim at the 1.0900 level with a turn below that level targeting the…
VIPShop Holdings (VIPS) didn’t do half bad with its second quarter earnings report released on Tuesday, but investors didn’t seem all too pleased. The stock took a dive in the wake of its Tuesday morning earnings announcement, even though its numbers were rather strong. It was trading down about 10% for the day one hour ahead…
Planet Fitness [NYSE:PLNT] is a lightning rod for controversy and opinions. Serious fitness types tend to hate PLNT and even take the time to produce videos highlighting how inferior Planet Fitness gyms are, how wrong their policies against excessive lifting and grunting are, and why only wimpy people would ever go there. The IPO itself…
I’m going to go out on a limb here and make an assumption: You haven’t looked at your 401k allocation in months. In fact, if you’re like most Americans, you probably haven’t looked at it once in 2015. If you’ve been at your company long enough, it’s likely you haven’t really looked at it in years….
Stocks slumped today on the overnight news that China was devaluing their currency by almost 2 percent. Countries devalue their currencies when their economy is weak, and they wish to hamper imports and stimulate exports. Stock valuations in the US are fully priced in my opinion. There was a story today about Viacom’s stock buyback program….
1997 Asian Currency Crisis Redux Second Verse, Same as the First, a Little Bit Louder and a Little Bit Worse China surprised the financial markets on August 11, 2015 by devaluing their currency, the Renminbi (CNY), the equivalent of 2% versus the U.S. Dollar (USD). This is the largest daily move in the CNY in…
I had the privilege of trying to explain what is happening in China and its significance for the world on CNBC with Kelly Evans and Bill Griffeth. The key point I tried to make is that it is not so much what China did today with a 2% devaluation. After all, the Australian dollar fell nearly…
