Although the details of Greece’s third bailout program have yet to be finalized, Monday marked the beginning of a new dawn for Greeks. Last week, PM Alexis Tsipras forced a set of draconian “reforms” through parliament and sacked political rivals, effectively legislating away the country’s sovereignty while condemning the Greek people to a fate of…
For what seems like forever we have been mechanical in managing the precious metals because they have been bearish; period. This has been based on short and long-term technical indications and incomplete macro fundamentals. Gary the robot has had no difficulty whatsoever holding this stance despite Gary the human’s unwavering view that the value of…
For what seems like forever we have been mechanical in managing the precious metals because they have been bearish; period. This has been based on short and long-term technical indications and incomplete macro fundamentals. Gary the robot has had no difficulty whatsoever holding this stance despite Gary the human’s unwavering view that the value of…
Morgan Stanley (NYSE:MS) released its second quarter earnings report before opening bell this morning, posting earnings of 79 cents per share, excluding DVA, on $9.6 billion in revenue. Net earnings were 85 cents per share. In last year’s second quarter, net earnings were 92 cents per share and net revenue was $8.6 billion excluding DVA. Analysts…
This Great Graphic comes from the Financial Times’ Robin Wigglesworth, via Frances Coppola on Pragmatic Capitalism. It depicts the economic performance of a number of European countries. Most stark is the depth of the Greek economic contraction (dark blue line). There was much talk that one of the reasons that some of the creditors were reluctant to…
The construction industry is cyclical. You may think the industry would not produce any consistent dividend stocks, but that’s not the case. Caterpillar (CAT) has been paying dividends since 1925. The company has not reduced its dividend payments since 1982. The company’s long dividend history makes it a member of the exclusive Dividend Achievers Index. Caterpillar (CAT) is…
Second quarter earnings season is upon us and Cowen & Co. is counting on the biotechnology sector to deliver. Out of the 20 stocks covered by Cowen in the biotechnology sector, we have highlighted three companies covered by analyst Phil Nadeau: Gilead Sciences, Inc. (NASDAQ:GILD), GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH), and Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA). Phil Nadeau has an 80% success rate…
As if there is not too much government and too many meetings already, Hollande Calls for the Creation of a Euro Zone Government. French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek…
The US dollar is narrowly mixed as over-extended technicals, and the lack of fresh developments, keep the bulls at bay. The nearly 2% drop in gold price to new five-year lows is a talking point today. The relaxation of tensions both in Greece and China reduce the haven interest. At the same time, the prospect…
The US economy has had a rough first half in 2015, but the pace of growth is picking up. The Atlanta Fed’s GDPNow model projects a second-quarter expansion of 2.4% (seasonally adjusted annual rate), based on the July 17 estimate. That’s a modest rise, but it represents an encouraging rebound from Q1’s mild contraction. It’s debatable if…
