Hong Kong Logistics Startup Lalamove Nabs $10M From Chinese Inves

Lalamove, the Hong Kong-based on-demand delivery startup, announced yesterday it has closed a US$10M funding round led by China’s Crystal Stream Capital. Other investors include Geek Founders, Mindworks Ventures, Sirius Venture Capital, Aria Group, and individual investors. According to Lalamove board member Blake Larson, the funding will be used to ramp up expansion across Southeast Asia and…

‘Jobs’ +252,000 In December

+252,000 vs. 230,000 expected and unemployment drops to 5.6%. From BLS (full report here): Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, construction, food services and drinking places, health care,…

EC A Sweet Spo

It may be a trap, but the recent slide in US Treasury yields and the market’s implied inflation forecast could be a blessing that helps unleash a stronger cycle of growth. The critical factor, of course, is the strength of the US economy. So far, so good. The macro trend for the US has improved…

Bear Of The Day: BHP Billiton

BHP Billiton Limited (BHP – Analyst Report) was once riding high as commodities boomed but now that China’s economy is slowing and commodity prices have plunged, so has earnings growth. This Zacks Rank #5 (Strong Sell) is expected to see a decline in earnings this year compared to last. Demerger to Unlock Value BHP Billiton is one of…

Morning Call For January 9, 2015

OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.33%) this morning are down -0.29% and European stocks are down -1.64% ahead of U.S. Dec payrolls. European stocks were undercut after German Nov industrial output unexpectedly fell along with speculation an ECB stimulus plan will fail to shore up the economy. According to a person who attended a meeting of the…

EUR/USD Forms A Hammer

The EUR/USD pair fell during the course of the session on Thursday, and broke down below the 1.18 level. However, we did get enough support to turn things back around and form a little bit of a hammer, so I am not necessarily looking to sell this right away. In fact, with the nonfarm payroll number coming…

The Future Of Gold Looks Bright

For Robert Kiyosaki the picture is clear: forget about stocks! It is a clear message that Kiyosaki underlines in his latest book ‘Second Chance’. ‘Cash will become trash’, is what the writer states. The future of the dollar does not look bright, according to Kiyosaki, which translates to a better future for gold. The gold…

Why Income Investing Beats Value Investing

When it comes to stocks, income investors are mostly interested in dividends. Earnings and valuation don’t matter much, unless they impact the sustainability of a company’s dividend. For instance, an income stock that cuts its dividend is a killer to our portfolio value. Value investors often sneer at us, claiming that dividends are irrelevant to…