“There are too many ugly balance sheets,” warns one energy industry analyst, adding simply that “the group is not positioned for this downturn.” While the mainstream media continues to chant the happy-clappy side of lower oil prices, spewing various ‘statistics’ about how the down-side of low oil prices is ‘contained’ and the huge colossal massive tax cut means…
The ‘Dogs of the Dow’ might seem interesting investments to many investors thanks to their historical outperformance. The strategy of the Dow Dogs proved beneficial for eight times over the past 14 years when it outpaced DJIA. Though Dow Dogs has clearly beaten DJIA returns including dividends in 2014, the concept lagged the benchmark by a slim…
Shares of Arena Pharmaceuticals (ARNA) soared 65% after the company reported early positive results using APD334 for the treatment of Autoimmune diseases. Autoimmune diseases occur when a person’s immune system starts to attack the various healthy cells in the body. Today’s news showed that patients receiving APD334 displayed a dose dependent decrease of lymphocytes in…
As expected, the Eurozone fell into deflation last month, but details show energy and unprocessed food are the only things in decline. Services are up 1.2%. Please consider the Eurostat Flash Inflation Estimate for December 2014. Euro area annual inflation is expected to be -0.2% in December 2014, down from 0.3% in November, according to a flash…
The drop in the price of crude oil over the last quarter of 2014 was and continues to be bad news for companies that drill and own oil wells. In the jargon of the energy sector, these companies operate in the upstream portion of the spectrum from oil in the ground to gas in your…
It’s that time of year when people start thinking about New Year’s resolutions and investment planning for the future. It’s also the time of year when analysts feel more or less compelled to offer up forecasts. My friend Doug Kass turns the forecasting process on its head by offering 15 potential surprises for 2015 (plus…
Private payrolls in the US increased by 241,000 in December, according to this morning’s ADP Employment Report. The gain, which beat expectations by a sizable margin, marks a moderate improvement over November’s revised 227,000 advance. More importantly, the year-over-year pace of growth accelerated to roughly 2.2% through last month—the fastest annual growth rate since August 2012. Today’s…
The Euro elected the Yearly Bearish Reversal at the 12150 area and it has penetrated the 2010 low so far of 11880 intraday reaching so far 11801. The key support lies at a set of DOUBLE WEEKLY BEARISH REVERSALS found at 11778. If we elect that this year, the Euro will fall most likely BELOW par…
2015: Another Good Year Unless “Something Happens” Life Science stocks had another big year in 2014 up 48% tracking gains for the overall healthcare sector up 35%. Over 10 years the return is 300%! The move up was not a straight line as there were two major corrections in April 2014 after the Q1 “bio-bubble”…
A quick recap to the trade data released today again shows the unadjusted value of import rolling averages decelerated insignificantly month-over-month whilst exports decelerated significantly (and below the November 2013 levels). Many care about the trade balance (which declined again), but trade balance simply has little correlation to economic activity. Import goods growth has…
