Archive for the ‘Phil’s Favorites’ Category

PSW’s Weekly Trading Webinar – 11-24-15

The PSW weekly webinar is ready to watch if you missed the live version. Enjoy!

[Subscribe to our YouTube Channel here.]


Major Topics:

00:01:53 Quick look at the stock market.

00:02:47 Markets Overview: Germany, DAX, Nikkei, Euro Stoxx, S&P, $SPX, AMZN, WMT, VMW, EMC, GOOG


00:32:00 IBM: It does a lot of buybacks!

00:41:33 MCD

00:47:04 IBM

00:50:40 IBM: Review Positions

00:55:10 NKE

01:04:41 IBM: puts and bull calls spread

01:10:21 BID

01:22:43 TASR

01:26:20 IBM puts, trade idea

01:29:24 DOLLAR Stronger, GLD, SLV, TLT 

01:30:54 NLY

01:34:00 CIM puts

News You Can Use From Phil’s Stock World


Financial Markets and Economy

Passersby walk past in front of stock quotation board outside a brokerage in Tokyo, Japan, September 29, 2015.  REUTERS/Issei Kato Asia stocks mixed amid geopolitical tension, oil eases from highs (Business Insider)

Asian stocks were mixed in early trading on Wednesday as investors assessed the geopolitical risk surrounding Turkey's downing of a Russian fighter jet, while crude oil prices eased from two-week highs.

If China Killed Commodities Super Cycle, Fed Is About to Bury It (Bloomberg)

For commodities, it’s like the 21st century never happened.

The last time the Bloomberg Commodity Index of investor returns was this low, Apple Inc.’s best-selling product was a desktop computer, and you could pay for it with francs and deutsche marks.

'Silk Road' Countries' Gold Reserves Accumulation Has Grown 450% Since 2008 (Jesse's Cafe Americain)

Silk road total demand, including the growth of official reserves and commercial imports, has risen from 1,493 tonnes in the year 2000 to over 27,087 tonnes in 2015.

Twitter raises questions for investors (Market Watch)

We’ve been on the right side of what I predicted would be a Bubble-Blowing Bull Market, and I’ve reminded you to ignore the noise, as we’ve used hyped non-crises — the Euro-crisis, Fed rate-hike hysteria, China slowdown, currency wars, and so on — to buy more stocks and have then been able to take some partial profits when the bull market got back to new highs. 

China Nickel Makers Said to Plan Meeting to Weigh Cuts Amid Rout (Bloomberg)

Nickel makers in China including Jinchuan Group Co., the country’s largest supplier of refined metal, plan to gather on Friday to discuss measures to respond to the lowest prices in 12 years, including possible cuts to supply, according to people with knowledge of the event.

Europe Index Futures Indicate Stocks to Rebound From 2-Day Drop (Bloomberg)

European stock-index futures advanced, indicating equities will rebound after falling the most in almost two weeks.

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ISIS Releases “Greatest” Piece Of Terrorist Video Propaganda In History, Tells US, Russia To “Bring It On”

Courtesy of ZeroHedge. View original post here.

By now, it’s probably safe to say that pretty much anyone who follows current events has seen at least one ISIS propaganda video. What began with clips of “Jihadi John” beheading Western journalists quickly escalated to footage of obscenely graphic executions. 

The world recoiled in horror when the group’s Al Hayat Media Center released a slick, high-def production depicting a Jordanian pilot being burned alive in a cage earlier this year and from that point on, the group essentially tried to one-up themselves with each new video murder montage. Notable highlights include: putting a handful of “confessed spies” in a cage and drowning them, cramming four people into a maroon Toyota Corolla and blowing it up with an RPG, dousing three people with gasoline before hanging them upside down from a swing set and lighting them on fire, enlisting the help of some 30 pre-teenage jihadists to execute several dozen enemy soldiers in an amphitheatre in Palmyra, lining up eight people atop landmines on a fog-covered mountain side and making them watch as their executioners come riding in on horses out of the woods to light the fuse, and who can forget running over an SAA soldier with a tank.

Less violent clips have recently included a series of videos celebrating the massacre in Paris, two of which contained threats against targets in the US including the White House (which ISIS will “turn black”) and Times Square. 

Of course the peculiar (and very surreal) thing about the videos is the production quality. Islamic State’s Hollywood specials are always filmed in crisp 1080p and more often than not, feature multiple camera angles, slick graphics, slow motion replays, and even artificial wind to give the whole thing a more dramatic feel. 

Well, just when we thought we’d seen the best Al Hayat had to offer, ISIS released a video on Tuesday that very well might qualify as the most spectacularly absurd piece of terrorist propaganda ever created.

Over the course of four minutes and fourteen seconds, ISIS literally threatens every country on the face of the earth, shows pictures of its fighters grinning and horsing around like something out of a Gap ad, calls Bill Clinton a "fornicator", runs down the statistics on verteran suicide rates in America, brands
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Obscene Golden Parachutes Are Part of America’s Rising Wealth Inequality

Courtesy of Pam Martens.

Golden Parachute PhotoAmerica’s new gilded age has been lined with Golden Parachutes with pathological underpinnings.

On September 11, 2002, the Securities and Exchange Commission brought charges against the three top executives of Tyco International. The complaint began with this: “This is a looting case.”

The SEC charged that Tyco’s CEO, Dennis Kozlowski and Mark Schwartz, its CFO, “took hundreds of millions of dollars in secret, unauthorized and improper low interest or interest-free loans and compensation from Tyco.” The transactions were concealed from shareholders and, according to the SEC, “Kozlowski and Swartz later pocketed tens of millions of dollars by causing Tyco to forgive repayment of many of their improper loans” and “engaged in numerous highly profitable related party transactions with Tyco and awarded themselves lavish perquisites — without disclosing either the transactions or perquisites to Tyco shareholders.”

USA Today reported that the Manhattan apartment that Tyco had been providing to Kozlowski “includes a $6,000 shower curtain, coat hangers valued at $2,900, two sets of sheets for $5,960 and a $445 pincushion.”

The SEC also charged that the General Counsel of Tyco, Mark Belnick, a former partner of the corporate law firm Paul, Weiss, Rifkind, Wharton & Garrison, “defrauded Tyco shareholders of millions of dollars through egregious self-dealing transactions.” According to the SEC, “from 1998 into early 2002, Belnick received approximately $14,000,000 in interest-free loans from Tyco to buy and renovate a $4,000,000 apartment on Central Park West and to buy and renovate a $10,000,000 ski chalet in Park City, Utah.” The SEC noted that “by failing to disclose his self-dealing to investors, Belnick violated the antifraud provisions of the federal securities laws.”

Kozlowski and Schwartz were eventually tried by the Manhattan District Attorney’s office and sent to prison. (Both are out now.) Belnick was acquitted by a jury on fraud and larceny charges brought by the D.A. The jury believed that Belnick had internal company approvals for the loans. The SEC eventually settled its civil case against Belnick with a civil penalty in the amount of $100,000 and the prohibition that he not serve as an officer or director of a public company for a period of five years. He was allowed to retain his law license.

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Black and Blue Friday Coming Up

Courtesy of Mish.

Tomorrow is Thanksgiving. Black and Blue Friday will follow, putting U.S. Consumers and Stores in Face Off Over Discounts.

A Reuters/Ipsos survey found more people planned to cut holiday spending than increase in every category surveyed: clothing, jewelry, electronics, food and toys, and that 46 percent felt they could wait longer in the season to buy because of faster shipping.

Appliances, entertainment items, infant products and hardware showed narrowing discounts, MarketTrak reported, while promotions for apparel, toys and electronics were getting bigger.

Kurt Jetta, head of retail industry researcher TABS Group, found the discounts underwhelming.

“The fact that retail has been so weak coming in to the season would suggest they may need to ramp up efforts to make up for this later,” Jetta said. Consumers were cautious going into the holidays, with sales at Macy’s, Nordstrom Inc and Best Buy missing expectations in recent quarterly results. Target’s online sales fell due to a drop in demand for electronics.

The Reuters/Ipsos survey of 4,639 adults from Nov. 12-23 found 28 percent of consumers expected discounts of 50 percent or more on most items, 36 percent hoped to see promotions of at least 33 percent while 49 percent expect a minimum discount of 20 percent on most products.

A survey for Boston Consulting Group found 70 percent of consumers would spend the same or less as last year, describing the consumer outlook as “tepid.”

“Consumers have been trained to know that they can wait, and they will wait and that will force the retailers to continue to be promotional,” said Joel Bines, managing director at AlixPartners.

Unreliable Polls

Polls are notoriously unreliable. Typically consumers spend more than they expect, on junk they do not need and cannot really afford.

Yet, manufacturing reports have been dismal, and retail sales tepid other than autos.

The recovery is also very long in the tooth, with the Fed poised to hike interest rates.

All things considered I expect a very weak holiday shopping season. If so, someone is sure to be blue. Will it be retailers or shoppers with buying hangovers? I suspect both….

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Barclays bets on stock boom as world money growth soars (The Telegraph)

Barclays has advised clients to jump into world stock markets with both feet, citing the fastest growth in the global money supply in over thirty years and an accelerating recovery in China .

Ian Scott, the bank’s global equity strategist, said the sheer force of liquidity will overwhelm the first interest rate rises by the US Federal Reserve, expected to kick off next month.

The Pfizer logo is pictured at their building in the Manhattan borough of New York October 29, 2015. Botox maker Allergan Plc and Pfizer Inc on Thursday said they were in early, friendly talks to create the world's largest drugmaker and potentially set up Pfizer to take advantage of Ireland's lower tax rates. Both New York-based Pfizer and Dublin-based Allergan said no agreement has been reached and declined to discuss any terms. REUTERS/Carlo Allegri      TPX IMAGES OF THE DAY      - RTX1TUPSThe reason Pfizer doesn't have to care what politicians say about its $160 billion merger (Business Insider)

It took no time for news of a $160 billion merger between Pfizer and Allergan to spur objections from several presidential candidates.

The deal will allow Pfizer to move its domicile from the US to Ireland, where its tax bill will fall drastically. The politicians see this expatriation as a slap in the face.

Wall St. Ticks Upward Amid Global Instability Fears (NY Times)

Energy stocks rose, but shares of airlines and travel companies sank as investors feared a drop in travel and vacation spending.

Singapore to Trump Hong Kong in Millionaire Growth (Bloomberg)

Singapore will outpace Hong Kong in growth in the ranks of millionaires over the next five years, with about one in 30 people qualifying as high net worth by 2020, swelled by Indians and Chinese keen to avoid social unrest, according to WealthInsight.

Third-quarter GDP upped to 2.1% from 1.5% (Market Watch)

The U.S. economy grew faster in the third quarter

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The only risk that counts


The only risk that counts

Courtesy of Joshua Brown, The Reformed Broker

If you’re a millennial, your definition of financial risk should be based entirely on the likelihood of losing your job or heading down the wrong career path. Stock market volatility should literally be the last thing on your mind.

Rob Arnott has made the case that the odds of you losing your job go up substantially when the stock market goes down, but it’s important that you separate the two things in your mind when putting away pre-tax money into a retirement account.

In fact, I would argue that stock market volatility should be embraced for the under 35 set. Ostensibly, you’ve got years (decades) of future accumulation ahead of you – why on earth would you be rooting for higher and higher investment markets when you’re a guaranteed buyer for the foreseeable future? Expected returns for an asset class generally rise when prices stagnate or fall. The big open secret of the investment business is that a know-nothing investor with time on his side is in a better position for gains than a brilliant investor, armed with all the tools under the sun, with near-term liabilities to fund.

In this morning’s incredibly helpful BAML US Equity Year Ahead Strategy report, Savita Subramanian & Co tuck in a pair of important charts for younger investors to wrap their heads around. Below, a contrast between the probability of losing money in stocks over the next decade versus the likelihood of negative returns in the bond market. People in their 20’s should only concern themselves with the fixed income portion of their portfolios in terms of having dry powder for strategic rebalances.

Let’s take a look:

The Millennial: stocks for the long term

While Millennials may be a more risk-averse generation, having witnessed the carnage of the global financial crisis and its impact on their parents, this generation has the benefit of long time horizons. As Chart 28 shows, the probability of losing money in the S&P 500 declines markedly as one’s time horizon increases. By contrast, the probability of losing money in bonds as rates rise has been far higher.

Screen Shot 2015-11-24 at 4.05.21 PM Screen Shot 2015-11-24 at 4.05.29 PM

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Flight Paths Over Turkey Analyzed; Obama Defends Turkey; Choose Your Friends and Enemies Wisely; Merkel Madness

Courtesy of Mish.

In the wake of Turkey shooting down a Russian aircraft over Syria, the immediate impact will be to make negotiations on the removal of Assad all the more difficult. First let’s analyze the flight path of the downed aircraft courtesy of Stratfor.

Map of Flight Path of Downed Russian Aircraft

Deadly Few Seconds

The short distances involved and the speed at which fighter jets fly does support the view made by a US official: “They were in Turkish airspace only 2 to 3 seconds“.

Obama Defends Turkey

Voice of America reports Turkey Has Right to Defend Its Territory, Airspace.

President Barack Obama said the downing of a Russian fighter jet along the Syrian-Turkish border Tuesday is evidence of an “ongoing problem” with Russia’s military operations in Syria, and that Turkey had a “right to defend its territory and its airspace.”

Speaking during a joint news conference with French President Francois Hollande, Obama said information about Turkey’s downing of the Russian Su-24 was still being collected, but noted that Russian military aircraft are targeting moderate Syrian opposition groups very close to Turkey’s borders.

A U.S. military spokesman confirmed that Turkish pilots issued repeated warnings to the Russian plane and didn’t get a response. However, the spokesman said it was not immediately clear on which side of the border the Russian jet was flying. Moscow insists the jet never left Syrian airspace.

Moderate Al Qaeda Yet Again

There’s Obama once again with more bullsheet about “moderate” Al Qaeda rebels. Nonetheless, it does appear Russia violated Turkey’s airspace.

Everyone is supposed to be on the same side here, but it’s all a lie. Turkey buys oil from ISIS and that provides the funds for ISIS to buy weapons and maintain fighting….

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The Real Value Of Cash

Courtesy of Lance Roberts via STA Wealth Management

With the "inmates running the asylum" during a holiday-shortened trading week, the upward bias to the market is set to continue. However, as I addressed last week:

"As we progress through the last two months of the year, historical tendencies suggest a bias to the upside. This is particularly the case given the weakness this past summer which has left many mutual and hedge funds trailing their benchmarks. The need to play 'catch-up' will likely create a push into larger capitalization stocks as portfolios are 'window dressed' for year end reporting.

This traditional 'Santa Claus' rally, however, does not guarantee the resumption of the ongoing 'bull market' into 2016. The chart below lays out my expectation for the market through the end of the year."


"With the markets currently oversold on a very short-term basis, the current probability is a rally into the 'Thanksgiving' holiday next week and potentially into the first week of December. As opposed to my rudimentary projections, the push higher will likely be a 'choppy' advance rather than a straight line."

So far, the analysis over the last several weeks has continued to play out as expected. However, and this is crucially important, a near-term expectation of a bullish advance due to the recent correction and seasonal tendencies is not the same as long-term bullish outlook. 

As stated above, while seasonality likely holds the cards through the end of this year, projecting much beyond that window is foolishness. 

The Real Value Of Cash

This brings to mind a call I had on the radio show recently discussing his advisor's reluctance to hold cash. 

The argument against holding cash goes this way:

"If you hold cash you lose value over time to inflation." 

This is a true statement if you hold cash for an EXTREMELY long period. However, holding cash as a "hedge" against market volatility during periods of elevated uncertainty is a different matter entirely. 

As I discussed previously:

"I have written previously that historically it is relatively unimportant the markets are making new highs. The reality is that new highs represent about 5% of

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Meet the Nobel Laureate Nader Wants Janet Yellen to Talk To

Courtesy of Pam Martens.

George Akerlof, Nobel Laureate (Spouse of Fed Chair Janet Yellen)

George Akerlof, Nobel Laureate (Spouse of Fed Chair Janet Yellen)

After lamenting in a recent book how Presidents George W. Bush and Obama didn’t answer his letters (Return to Sender: Unanswered Letters to the President, 2001-2015), Ralph Nader has finally been requited by a powerful person in Washington.

Nader had the temerity to write Fed Chair Janet Yellen a letter on October 30, pointing out how the Fed’s zero bound interest rate policy is crimping the spending ability of savers who rely on such things as savings accounts and money market interest for added income to survive. Yesterday, Yellen boldly answered Nader’s letter with a smackdown.

The letter has caused an outbreak of sexism charges against Nader by various writers for his suggestion in the letter that Yellen would be wise to “sit down with your Nobel Prize winning husband, economist George Akerlof, who is known to be consumer-sensitive.” Annie Lowrey at New York Magazine said it suggested Yellen needed things mansplained to her “small lady brain” lest there be “cryfests” and “emotional overeating” at the nation’s central bank.

A number of writers have dismissed Nader’s letter as nonsense. In fact, there is a large segment of seniors who can’t afford to risk their meager life savings in the stock market, who have historically relied on the interest from insured money market accounts, insured certificates of deposit, and U.S. Treasury notes and bills to supplement their pension or Social Security benefits. Those individuals have seen that income cut by half or more since the 2008 crash and the Fed’s slashing of interest rates.

But what about economist George Akerlof? Might he actually have something important to share with Janet Yellen and the rest of us for that matter? In fact, Akerlof has co-authored a recent book with a theory that, taken to its logical conclusion, casts a dangerous light on the very institution his wife heads, the Federal Reserve.

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Phil's Favorites

PSW's Weekly Trading Webinar - 11-24-15

The PSW weekly webinar is ready to watch if you missed the live version. Enjoy!

[Subscribe to our YouTube Channel here.]


Major Topics:

00:01:53 Quick look at the stock market.

00:02:47 Markets Overview: Germany, DAX, Nikkei, Euro Stoxx, S&P, $SPX, AMZN, WMT, VMW, EMC, GOOG


00:32:00 IBM: It does a lot of buybacks!

00:41:33 MCD

00:47:04 IBM

00:50:40 IBM: Review Positions

00:55:10 NKE

01:04:41 IBM: puts and bull calls spread

01:10:21 BID

01:22:43 TASR

01:26:20 IBM puts, trade idea

01:29:24 DOLLAR Stronger, GLD, SLV, TLT  ...

more from Ilene

Zero Hedge

"We Reduced Our Short In The Euro" - Did Goldman Just Hint Draghi May Do Nothing Next Week

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Over the past year, there has been no stauncher supporter of the short-EUR trade than Goldman: so staunch in fact that Goldman's top trade for 2015 was basically a short EUR trade (which however ended up being a total loss for anyone who put it on because the EUR did not drop as fast as Goldman had expected ...

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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.

To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Asia stocks mixed amid geopolitical tension, oil eases from highs (Business Insider)

Asian stocks were mixed in early trading on Wednesday as investors assessed the geopolitical risk surrounding Turkey's downing of a Russian fighter jet, while crude oil prices eased from two-week highs.

If China Killed Commodities Super Cycle, Fed Is About to Bury It (Bloomberg)

For commodities, it’s like the 21st century never happened.

The last time the Bloomberg Commodity Index of investor retu...

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Insider Scoop

Morgan Stanley Thinks SPX Flow Is Cheap Compared To Peers, Initiates At Equal-Weight

Courtesy of Benzinga.

Related FLOW Benzinga's Top Initiations Benzinga's Top Initiations

  • Shares of SPX Flow Inc (NYSE: FLOW) have been trading at a discount to its peers since the company’s spin in September 2015.
  • Morgan Stanley’s Nigel ...

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    Chart School

    2-0 Bulls

    Courtesy of Declan.

    A second day for bulls to shine despite modest end-of-day gains. Some indices did better than others. The Russell 2000 was the key performer. It finished with a MACD trigger 'buy' and looks ready to outperform the Nasdaq 100.  This is an important development for bulls looking for more from other indices. A move to challenge - then break - its 200-day MA, would convert August-November action into a healthy basing action.

    The Nasdaq registered higher volume accumulation as a brief sojourn below the 20-day MA was reversed. It's nicely set up for a push to new swing highs.


    more from Chart School

    Kimble Charting Solutions

    S&P 500 – Dangerous for bull case, if prices turn weak here!

    Courtesy of Chris Kimble.


    The S&P 500 remains inside of a rising channel that has been in place since 2010. The 5-year trend is up.

    The 5-month trend is a different story, at this time.

    Over the past 5-months, the S&P 500 has created a series of “falling weekly closing highs,” which is represented by line (1) above.

    The S&P is testing this falling resistance line at (2) above.

    If weakness takes place at (2) above, at falling resistance, it would be concerning price action for the bullish case!


    more from Kimble C.S.


    Sector Detector: Bulls wrest back control of market direction, despite global adversity

    Reminder: Sabrient is available to chat with Members, comments are found below each post.

    Courtesy of Sabrient Systems and Gradient Analytics

    Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...

    more from Sabrient


    Swing trading portfolio - week of November 23rd, 2015

    Reminder: OpTrader is available to chat with Members, comments are found below each post.


    This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

    We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

    Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

    To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...

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    Digital Currencies

    Bitcoin's Computing Network is More Powerful than 525 Googles and 10,000 Banks!

    Courtesy of ZeroHedge. View original post here.

    Submitted by Reggie Middleton.

    I've decided to build our startup - Veritaseum, a peer-to-peer financial services platform, directly on top of the Bitcoin Blockchain. Many queried why I would voluntarily give up a lucrative advisory and consulting business to chase virtual coins in cyberspace. That's exactly why I decided to do it. That level of misunderstanding of what is essentially the second coming of the Internet gave me a fundamental advantage over those who had deeper connections, more capital and more firepower. I was the first mover advantage holder.

    You see, Bitcoin is not about coins, currency or price pops. It is a massive computing net...

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    PSW is more than just stock talk!


    We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

    News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

    If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

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    Whitney Tilson On LL, EXACT, And Martin Shkreli


    Whitney Tilson On LL, EXACT, And Martin Shkreli

    Courtesy of Value Walk

    1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:

    • The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
    • I think this is the beginning of the end for the company.
    • My price target for the stock a year from now is $3, so I shorted more yes...

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    Baxter's Spinoff

    Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

    Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

    The Baxalta Spinoff

    By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

    In its recent filing with the SEC, Baxter provides:

    “This information statement is being ...

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    Mapping The Market

    An update on oil proxies

    Courtesy of Jean-Luc Saillard

    Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 


    more from M.T.M.

    Help One Of Our Own PSW Members

    "Hello PSW Members –

    This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at with any questions.

    Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

    Thank you for you time!

    FeedTheBull - Top Stock market and Finance Sites

    About Phil:

    Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

    Learn more About Phil >>

    As Seen On:

    About Ilene:

    Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

    Market Shadows >>