The Nikkei 225 has fallen over 300 points from the v-shaped recovery close at the end of the US day session and is now trading below the lows of the day at 2-week lows. USDJPY has plunged over 100 pips having briefly neared 120.00, now back below 119.00. JGB Futures are trading near record highs prices…
With oil grabbing the headlines on a daily basis, hitting new lows and taking down every energy name listed on the exchanges, I wanted to highlight some new purchases I made that are not in the oil patch. As I have stated before, I’m not against owning the energy names I just prefer a little…
The Chinese stock market hit a four year high today at 3,020. This is up 53% since the middle of 2013 low and up 48% in the last six months. I guess this must mean the Chinese economy is operating on all cylinders. If you think so, you’d be wrong. Barron’s interviewed a no-nonsense woman who has…
Western Digital (WDC) broke out today, adding +2.62% to close at $107.8. I think this could test $110 soon. We locked in our profits on Jan calls: for a nice +32.62% profit. Biotechs continued to zoom higher. We talked about Clovis Oncology (CLVS) in this week’s Sector Watch. I think it is still looking good:…
It isn’t just the price of oil that is collapsing. The last time commodity prices were this low was during the immediate aftermath of the last financial crisis. The Bloomberg Commodity Index fell to 110.4571 on Monday – the lowest that it has been since April 2009. Just like junk bonds, industrial commodities are a…
Josh Brown, blogger extraordinaire, wrote a post the other day about the breakout in the financials which argued that investors should overweight them. All due respect to Josh (who I think highly of), here’s 5 reasons why I think that’s a bad idea, especially in regards to the bank stocks: The yield curve has been…
This week, I’m going to focus on the Price to Sales ratio for finding great stocks at great values. The Price to Sales ratio is a great valuation metric. And given the recent run-up in stocks, value, to me, is becoming more and more important. In fact, aside from the Zacks Rank, if I could…
The end of the year is once again in sight and that is why we are eager to look forward to next year already. We want to line up the things you will need to be taking into account next year as an investor. Don’t go telling you were not warned. First, you will need…
We are still a few weeks away from the Q4 earnings season, but companies with fiscal quarters ending in November will also form part of the Q4 reporting cycle. The AutoZone (AZO – Analyst Report) report this morning and the Adobe (ADBE – Analyst Report) report on Thursday all fall in that category of earnings…
The Chart of the Day belongs to Tribune Publishing (NYSE:TPUB). I found the stock by sorting the All Time High list for stocks hitting the most new highs in the last month. Barchart does not give ratings on stocks until they have been trading for at least 6 months so this one may be a…
