On Saturday, we got what we called a stark “reminder of just who is lying hunched over, comatose in the driver’s seat of global commerce” when China reported that exports fell 8.3% in July, far more than consensus and the most in four months. This, we argued, was further evidence that China will ultimately be forced…
The Retail sector is the only one where a significant number of Q2 earnings reports are still awaited at this stage; the reporting cycle has effectively come to an end for most of the other sectors, particularly in the large-cap S&P 500 index. Almost 90% of the S&P 500 members have already reported Q2 results,…
Almost a month before the latest earnings cycle, I chronicled the ascendancy of Facebook (FB) to the top valuation spot among the internet stocks I follow. Twitter (TWTR) lost the top spot thanks to a large post-earnings sell-off in April. Fast forward to the latest earnings cycle and internet-companies delivered even more disruptions. Rising above the dust,…
While ModernGraham supports the bottom-up approach to investing, many investors do utilize the top-down method, whereby an industry is selected before the company itself. With that in mind, this article will take a brief look at the best companies of the apparel industry, selecting the most promising investment opportunities within the industry, and giving a broad look…
For the last three weeks, gold has experienced something that has never happened before – hedge funds’ aggregate net position has been short for the first time in history. However, as Dana Lyons notes, this week saw another ‘historic’ shift in gold positioning as commercial hedgers shifted to the least hedged since 2001… so the ‘fast’…
Look guys, the options are pretty limited. If VMware can’t leave the EMC Federation and the Federation somehow has to upvalue itself for investors and find shares priced high enough to pay off Elliott Management, then one bit of the Federation has to buy the rest or the Federation has to be acquired/merged with a…
Look guys, the options are pretty limited. If VMware can’t leave the EMC Federation and the Federation somehow has to upvalue itself for investors and find shares priced high enough to pay off Elliott Management, then one bit of the Federation has to buy the rest or the Federation has to be acquired/merged with a…
Cybersecurity companies have been gaining immense popularly in recent years as this corner of the market represents one of the few growth opportunities left for developed market investors. With extensive adoption of Internet usage in mobiles and computers and ceaseless cyber-attacks, demand for cybersecurity and overall spending by corporations and governments on it are rising…
Having gone through a zillion charts this weekend, I can only say (1) I remain very comfortable having so many short positions on (2) the totally-trashed precious metals and energy sectors either represent a buying opportunity similar to equities in March 2009 or represent the largest array of falling knives ever assembled. I don’t know…
Dear Readers, I’m going to try a different format for this piece. If you think it is a really bad way to present matters, let me know. Question: Why do pensions exist? Answer: They exist as a means of incenting employees to work for a given entity. It can be a very valuable benefit to…
