This chart series features an overlay of the Four Bad Bears in U.S. history since the market peak in 1929. They are: The Crash of 1929, which eventually ushered in the Great Depression, The Oil Embargo of 1973, which was followed by a vicious bout of stagflation, The 2000 Tech Bubble bust and, The Financial Crisis following the record high in…
Infosys Technologies Ltd. (INFY – Analyst Report) reported first-quarter fiscal 2016 earnings per ADS of 21 cents, which exceeded the Zacks Consensus Estimate of 20 cents but came in line with the year-ago quarter figure. The results were mainly attributable to the strong revenues. In addition, the company’s relentless investments in innovation have contributed toward improving relationships with…
The Dollar Index is staging a potential key reversal. It set a marginal new high for the move and now has reversed low to take out yesterday’s low, as this Great Graphic from Bloomberg illustrates. We had suggested that the recent advance had left technical indicators stretched. We also observed that despite the talk of monetary policy divergence, US rates had…
When it comes to the favorable aspects of capitalism, one thing is clear: with the largest concentration of millionaires and billionaires from around the globe, the US is second to none when it comes to letting the entrepreneurial spirit flourish and rewarding it (and letting the rich get even richer). Unfortunately, when it comes to…
United Technologies Corporation (UTX – Analyst Report) reported second quarter 2015 net income of $1,542 million or $1.73 per share, down from $1,680 million or $1.84 in the year-ago quarter. The decrease in earnings was driven by a decline in revenues. Excluding one-time items, recurring earnings for the quarter were $1.81 per share, down 2% year over year,…
Jason Zweig’s latest post is titled Let’s Be Honest About Gold: It’s A Pet Rock and attempts to debunk most of the reasons people own gold but oddly skips over the one I believe to be most important and is still wholly intact. First up is criticism that gold has not been able to go up in…
Stocks, bond yields, and the Dollar suddenly started dropping right as The Fed unveiled its revisions for industrial production and capacity utilization. Already at weak levels, both were revised notably lower, slowing the market’s rate-hike expectations and stalling any hope that the recovery is gathering pace. Judging by the chart below, the June payrolls report was…
Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future (e.g. 5-star kiss of death and active management has long history of underperformance). Yet, traditional fund research focuses only…
As we await the Semiconductor Equipment sector’s Book-to-Bill data for June, we observe that Semiconductor sector leadership (SOX-SPX) is still intact in the US stock market. This sector is noteworthy because it was a real indicator in early 2013 of the general strength to come in manufacturing (Semi Equipment cycles often do that) and…
Tesla Motors Inc (TSLA) shares dropped -4.70% in early morning trading on July 21 after UBS analyst Colin Langan downgraded TSLA to a Sell and cut his price target from $220 to $210. Langan rocked the market’s confidence in the electric vehicle giant by arguing that the company will soon shrink out of its current share price….
