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July 30th, 2016 6:10 pm
It’s earnings season once again and it looks as if, as a group, corporate America still can’t find the end of its earnings decline since profits peaked over a year ago. What’s more analysts, renowned for their Pollyannish expectations, can’t seem to find it, either.
So I thought it might be interesting to look at what the stock market has done in t...
July 30th, 2016 5:05 pm
Courtesy of Doug Short's Advisor Perspectives.The global rally in equities moderated further last week. Only three of the eight posted gains, down from six the previous week. T average gain of the eight indexes on our world watch shrank to 0.27%. The two Eurozone indexes were the top performers, the DAXK up 1.87% and the CAC up 1.34%. India's SENSEX was the third winner, up 0.89%. China's Shanghai was the biggest loser, down 1.11%.
A Closer Look at the Last Four Weeks
The tables below provide a concise overview of performance comparisons over the past four weeks for these eight major indexes. We've also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatilit...
July 30th, 2016 4:23 pm
Donald Trump is a Keynesian on Steroids
Courtesy of Cullen Roche, Pragmatic Capitalism
Moody’s is out with a new analysis on the Clinton and Trump economic plans.¹ The short story is, Moody’s says the Clinton plan is superior to the Trump plan generating 2.6% RGDP for Clinton vs 0.6% RGPD for Trump in their first terms. But there’s a potential flaw in the Moody’s report in which they assume that a larger budget deficit hurts growth and causes rates to rise due to the crowding out myth. Of course, this is a common myth in mainstream economics that results from the usage of a loanable funds model of the economy. And as I’ve expl...
July 30th, 2016 1:25 pm
Financial Markets and Economy
Credit Suisse, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires.
Between state-owned banks with a record $14 billion in new bond offerings in the second quarter, to Beijing promising more infrastructure spending, one thing is certain — they are hell bent on building rocket ship trains and bridges. The market hopes ...
July 29th, 2016 12:00 am
Courtesy of Benzinga.Related BZH Homebuilder Investors Losing Confidence After Surprise Decline In Existing Home Sales Microsoft, GoPro And 8 More Stocks To Watch Over The Weekend Beazer Homes...
July 28th, 2016 9:45 am
By Jacob Wolinsky. Originally published at ValueWalk.
NetSuite Inc (NYSE:N) is soaring this morning as Oracle Corporation (NASDAQ:ORCL) has made a bid to buy the company for $9.3 billion. This deal has been rumored for some time but obviously few expected such a large premium or did not think the bid was certaintly coming as the stock is up about 18 percent at the time of this writing which is a lot for a tech giant. Here is what the sell side is saying.NetSuite – analysts react
Should the transaction take place, Oracle would pay about 9x NTM EV / revenue (based on consensus estimates for NetSuite), above the average multiple paid in our precedent SaaS Software acquisitions analysis of 6.8x . Additionally, Oracl...
July 27th, 2016 1:08 pm
Looks like we are down to about 10 companies for our consumer goods:
Just like banks, airlines and cable companies!
The Illusion of Choice in Consumer Brands
Explore the full-size version of the above graphic in all its glory.
If today’s infographic looks familiar, that’s because it originates from a well-circulated report that Oxfam International puts together to show consolidation i...
July 26th, 2016 10:40 pm
In a landmark decision, a Florida judge dismissed charges of money laundering against a Bitcoin seller on Monday following expert testimony showing state law did not apply to the cryptocurrency.
Michell Espinoza was charged with three felony charges related to money laundering i...
July 26th, 2016 9:12 am
Courtesy of Chris Kimble.
Junk bonds have been quality at sending Risk On and Risk Off message to the broad stock market. Below looks at Junk Bond ETF JNK over the past decade.
JNK finds itself at an important price point below and what it does in the upcoming couple of weeks could become a big influence on the Risk On/Risk Off trade.
CLICK ON CHART TO ENLARGE...
July 25th, 2016 8:50 am
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 ...
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
May 7th, 2016 1:40 pm
Reminder: Pharmboy and Ilene are available to chat with Members.
Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.This Is Why Biotech Stocks May Explode Again
By Amy Reeves
After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.
December 15th, 2015 2:15 pm
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!
PhilStockWorld.com 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, ...
May 22nd, 2014 5:03 pm
"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 firstname.lastname@example.org 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!
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...