Moments after Bank of America reported at today’s Goldman financial conference that its Q4 trading revenues would be down both Q/Q and Y/Y, it was Citi’s turn to warn that the current quarter will be the latest disaster in a long series of revenue disasters, with Q4 revenue said to drop 5% from a year…
There is an ongoing student loan debt crisis and it is simply one more manifestation of the overall bubble in credit that has created stock market wealth for asset owners. In not allowing the college tuition bubble to burst the government has created the 7 Million Dollar Woman and 35 other private college heads making…
When does a market reach its top? The question is easy, the answer is much harder. Because practice teaches us that most investors have a tough time knowing when a market is topping out. Wall Street remains on a roll in the meantime. The US economy is still doing best globally by far and the…
LendingClub (LC) is one of the most anticipated public offerings of the year and is expected to price Wednesday night to trade on Thursday. They just raised the range to $12-14 from the prior $10-12. The market is acting poorly going into the planned pricing which could help keep the shares from running away from…
In our most recent article regarding Identiv (INVE), we introduced the company and its potential revenue streams related to the post-password-era and numerous recent data breaches. We compared some metrics and valuation to its competitors demonstrating a confusing disparity and likely poor investor relations job. Today, we will continue with the most recent developments for…
Many global investors limited to investment grade markets or developed markets, as defined by MSCI have no direct exposure to Greece. Nevertheless, recent developments in Greece are worrisome to investors. Many fear that the political challenges in Greece could lead to its ultimate exit from the monetary union and default. This concern has led…
Source: flickr Dear Diary, It’s cold here in Manhattan. We’ve never lived in New York. And every previous visit had left us unenthusiastic. The city is not pretty… at least not compared to Paris. And Lower Manhattan always seemed gritty, dirty and unkempt. Like a homely man or a homeless woman. But a lot has changed….
(Photo Credit: Scott Ableman) Tuesday – AutoZone Auto parts retailer AutoZone (AZO) is set to report Tuesday before the opening bell. Last quarter AutoZone reported an 8% gain in year over year (yoy) earnings per share and a minor drop in total revenue. Earnings at AutoZone have been growing by a yoy average of 16% each…
Since 2010, our top scoring weekly has outpaced the SPX by a median 376 bps in the following year. The best performers from our list one year ago are RCL up 82%, DAL up 66%, GD up 64%, MU up 58%, and INTC up 57%. The best scoring large cap sector is healthcare The top…
This Great Graphic was tweeted by Michael McDonough, the global head of economics for Bloomberg and its chief economist. It shows in one chart the assets of the central banks of many countries, including China (green line). Does the expansion of a central bank’s balance sheet let us forecast currency movement? It is not immediately clear. It depends…
