Despite low trading volume, a strong dollar, mixed economic and earnings reports, paralyzing weather conditions throughout much of the U.S., and ominous global news events, stocks continue to march ever higher. The world remains on edge about potential Black Swan events from the likes of Russia, Greece, or ISIS (or lone wolf extremists). Moreover, the…
Goldman’s Global Leading Indicator (GLI) final print for February affirms the global economy has entered a contraction with accelerating negative growth. Just six months after “expansion”, the Goldman Swirlogram has collapsed into “contraction” with monthly revisions notably ugly and 9 out of 10 components declining in February. Some have suggested, given US equity’s strong February (buyback-driven) performance, that…
by Michael Grogan, First Class Analytics In an effort to bring the budget deficits of EU member countries down to a sustainable level, the European Commission has recently been placing significant pressure on France to reduce its deficit to a level of 4% by the end of 2015. Ultimately, the goal is for France to reach a budget deficit of 2.8% by…
“A poor man is ever at a disadvantage in matters of public concern. When he rises to speak, or writes a letter to his superiors, they ask: ‘Who is this fellow that offers advice?’ And when it is known that he is without coin they spit their hands at him, and use his letters in…
Are we at the tail end of the stock market bubble to end all stock market bubbles? Wall Street was full of glee Monday when the Nasdaq closed above 5000 for the first time since the peak of the dotcom bubble in March 2000. And almost everyone in the financial world seems convinced that things…
The Chart of the Day is VCA Antech (NASDAQ:WOOF). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/18 the stock gained 11.66%. VCA Inc. is a…
Shares of OHR Pharmaceuticals (OHRP) soared 30% after the company announced that its squalamine eye drops (OHR-102) together with Lucentis (Genentech’s injectable ranibizumab) produced better results than Lucentis alone as a mono-therapy in patients with wet age-related macular degeneration (wet AMD. The new interim data for the phase 2 trial showed an early regression of…
Effective April 1, 2016, Costco Wholesale Corp (COST – Analyst Report) will start accepting Visa (V – Analyst Report) instead of American Express (AXP – Analyst Report) at its U.S. locations. Right now, the wholesale club retailer only accepts debit cards and Amex credit cards for in-store purchases and purchases made at its gas stations….
Back on September 30, Q1 2015 earnings were expected to grow by 10% from a year earlier. A few short months later, Q1 EPS (non-GAAP of course) growth was revised to 4%. It currently stands at -2.8%, a number which as we reported a month ago, is the biggest annual drop since 2012. What is…
When it comes to profit and wealth accumulation, there are some important things that we need to keep in mind during 2015. Our savings, retirement accounts, and financial portfolios are all influenced by international trade, global debt, and the health of economies around the world. It’s vital that we hold assets with global appeal, and…
