WTI oil is the world’s most actively traded commodity and its price is highly volatile. Volatility is the amount a price fluctuates with no regard for direction. For example, if oil volatility is 10% and the current oil price is $50 per barrel, it means within the next year traders expect oil price to change…
The U.S. stock market is finally soaking in the summer sun as the major hurdle to the stock market rally has been cleared up. This is especially true as Greek lawmakers have passed a bailout agreement easing the fears of a debt crisis and the China stocks are showing an impressive rebound from the recent…
This morning, as I returned to my office from my family summer vacation, I was greeted with an email from a good friend and fellow colleague asking if I had read the following in USA Today. To wit: “Giddy up! The Four Horsemen of Tech — Google, Apple, Amazon, and Facebook — helped push the Nasdaq…
Yesterday, just before the Chinese market opened, precious metals but mostly gold, flash crashed in milliseconds with a violent urgency never before seen. We documented the unprecedented event last night, but for those who missed it, the following chart from Nanex clearly lays out just how sudden the “out of nowhere” selling was, which led to…
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies reviewed by ModernGraham trading closest to their 52 week low. Each of these companies has been determined to be suitable for the Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as…
Apple, Inc. (NASDAQ:AAPL) is slated to announce its third quarter fiscal 2015 earnings results on Tuesday, July 21 after market close. Analysts expect Apple to post $1.80 earnings per share and $49.26 billion in revenue for the quarter, with a gross margin of just under 40%. If Apple meets these predictions, it would mark yet…
There’s a village in Japan where the dead outnumber the living, and I don’t mean the ancestors in the cemetery. The bodies are dispersed around the small town of Nagoro. It’s a small community of some 35 people, most in their 60s or older. The place is so sparsely populated that the locals consider their 150-plus…
On July 21, 2005, China surprised the world by abandoning its peg to the dollar that had been in place since 1995. It immediately appreciated by 2% and gradually appreciate until the financial crisis hit in 2008. It then looked to have been “re-pegged until late 2010, when it began appreciating again. Since that fateful 2005…
Let’s see. Google’s record market cap gain on Friday was actually a squeaker. At $66.9 billion it easily passed in one day the entire $50 billion market cap of Caterpillar’s global heavy machinery and engine franchise built up over a century. But only by a hair did it best Cisco’s $66.0 billion gain on April 17, 2000. But perish the thought that…
In general, we believe that the biggest move via economic announcement during the session on Monday will be the German PPI numbers. With that, the market will probably be driven by technical analysis more than anything else, as the continuation of what we’ve seen recently should continue to be the way we go forward. 1…
