With everything decoupled from stocks… This seemed rather apropos… Record highs for the S&P, Dow, Trannies, and Russell 2000… on NO volume.. as oil tumbled, treasury yields fell, and credit widened… sure why not! 7th Day up in a row for the Dow… off the Yellen lows… Although the 2nd day in a row with an ugly…
If there’s been one sector that’s been a consistent powerhouse ever since the depths of the financial crisis, it is the one probably considered the most humdrum and boring by the public: utilities. I mean, how many people can get excited by an electric company versus, say, GoPro? But one glance at the chart below proves…
The trade was very quiet today with an upward bias from the first, and then a drift on diminishing volume. Next week is likely to be much of the same, except *if something happens.* Have a very pleasant weekend.
The Dogs of The Dow strategy looks for high yielding blue chip stocks The strategy was popularized in 1991 See the Dogs of The Dow’s performance over the last decade The Dogs of the Dow investment strategy is very simple. Here are the steps: Sort the 30 stocks in the Dow Jones Industrial Average by…
This past week Novo Nordisk (NVO) received Saxenda approval by the FDA to treat patients with obesity. Saxenda is liraglutide in higher doses — 3 mg to be exact – which is already approved by the FDA to treat patients with type 2 diabetes. The FDA vote was a major landslide win as there were…
NAV premiums of certain precious metals trusts and funds. Click on picture to enlarge
<<Read Part 1, Collaborations It was a very busy year as far as mergers and acquisitions are concerned and the number of deals was way too many to mention separately. But some notable splits were also announced that will totally change companies as we knew them. The biggest deal of the year was WhatsApp,…
Today I used Barchart to sort the NASDAQ 100 Index stocks to find the ones with the most frequent new highs in the last month and Staples (NASDAQ:SPLS) the office supplies retailer was on the top of the list. As I further researched the stock I have no idea why? Barchart technical indicators: 96% Barchart technical buy signals Trend…
At the beginning of each New Year, Seeking Alpha, the popular financial web portal, interviews Gary Gordon for its Positioning for 2015 series. Here is a transcript of that exchange. SA’s Carolyn Pairitz (CP): How would your clients describe your investing style/philosophy? Gary Gordon (GG): My clients would recite my mantra… There are four possible investing outcomes (i.e., big gain,…
The finance REITs that generate income through leveraged bets on the rate differences between short and long term rates are starting to look more and more troubled. These companies need both the longer-term yields on agency mortgage backed securities – MBS – and short term interest rates to stay stable. Any rise in rates on…
