If you have not done so already, it is probably time to take profits in US equities. The advance is so narrow it is almost chilling, with the upward momentum in stocks down to a handful of new era tech giants. Down volume was almost double up volume on the broader market. The wiseguys were…
I want to make a confession, one many might find bizarre coming from any equity investor and especially from one who has been a professional in the markets since 1980. Are you sitting down? Hopefully you are. OK. Here goes: I have no idea what stocks I own. (And I hate being asked at social…
The bulls are attempting to outdo each other as often happens at or near market tops. But who’s to say this is a top? Citing low analyst’s estimates, Morgan Stanley says Next S&P 500 Move Is 10% Rally. The body of the story paints an even rosier story. The direction for stocks is still up after…
4 reasons why you need to own Apple before its report. With plenty of market anticipation, Apple Inc (AAPL) will report its FQ3 ’15 results tomorrow after the closing bell. Estimize and Wall Street are assuming lower EPS and revenue numbers for FQ2 QoQ. Apple continues to be a market darling with a year-to-date (YTD) capital return…
Experienced investors know that commodities and equities move in cycles, and understanding where copper, iron ore, nickel and zinc are in the cycle can result in much smarter decisions than blindly following the pack. In this interview with The Gold Report, Salman Partners Vice President of Commodity Economics Raymond Goldie brings some perspective to the charts and…
But the recovery… demand… growth… front-month WTI Crude just broke below $50 for the first time since April… What’s driving the weakness? “unequivocally good” right? Charts: Bloomberg
The rally for the S&P 500 Index (SPX) that started in earnest on July 10th isn’t inspiring traders on Twitter. The daily sentiment reading on the 10th was a healthy +20, but since that time the readings have been at moderate levels in the low teens. 7 Day momentum has turned up from an oversold…
Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of the most reasonable — which has made his interviews of the past few years a little disconcerting. Along with the obligatory positive thoughts on the long-term value of gold and silver and the resulting bright…
IBM is expected to release second-quarter 2015 results on July 20, after the market closes. Last quarter, IBM posted earnings of $2.91, decreasing from $5.81 the quarter prior. The Estimize consensus, pulling estimates from 68 different analysts, is the same as the Wall Street consensus at $3.80. Estimize is calling for a revenue of $20.970B, just…
