Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Philstockworld Merry May Trade Review – Part 4

SPX WEEKLYOur streak continues!  

The first 3 weeks of the month (Part 1, Part 2, Part 3) saw 142 trade ideas (almost 50 per week) with just 17 misses for an 88% win rate.  Of course – it's a bit like shooting fish in a barrel when we call a bottom correctly and, as you can tell from the large volume of picks, we put all that sidelined cash to good use.  

Not every call is bullish, of course, as I was saying in Friday's post, BALANCE is the most important aspect for your portfolios if you intend to be a trader for more than just the short run.  So, in theory, it shouldn't be possible for us to get to 100% and, actually, 88% probably means we were a little too bullish and just got lucky!  We have to watch out for that – and that's why these reviews are so important.

Our Trade Reviews not only let us know if we're on or off track but, by putting the trades in context, hopefully we remind ourselves what works and what doesn't work in vartious situations so that, when we see a similar situation, we are ready, willing AND able to pull the trigger.  

Able is a very important aspect of our trading strategies we tend to ignore.  My call to go to cash in late March left us with empty portfolios we were able to fill up in May and THAT is why we have such a fantastic winning percentage for the month – we made our selves READY and our mindset was WILLING because we were ABLE to take advantage of the market dip by going to cash.  

Just because we are long-term investors – it doesn't mean we can't time our entries and exits when we reach the tops and bottoms of our trading channels!  

May 17th:  How to Turn $25,000 into $500,000 in 15 Years 

This is one of the most important articles I've written in a long time.

It links back to our Webinar from that week, where we discuss the finer points of long-term investing but the key takeaway for EVERYONE (not just young traders) is the value of having a trading and savings plan that gets you where you want to be in 5, 10, 20, 30, 40 and 50 years and, unless you are already over 60 – 50 years is a very realistic need you have to plan your finances!  

We don't sell magic beans at Philstockworld, we teach our Members HOW to invest and put them on the road to wealth but it requires hard work and dedication on your part.  If you are willing to make the  effort, though, we are happy to show you how to make the climb.  

May 19th:  Monday Market Movement – Major Danger Ahead!

Long-term investing shouldn't be exciting.  If you want exciting, try a hedge fund – though most of them aren't worth a damn.  Barron's reviewed the top 100 Hedge Funds this weekend and the 23rd fund on the list failed to make 20% over the last 3 years.  That's the same 3 year when the S&P began 2010 at 1,000 and finished 2013 at 1,600 – up 60%.  Only 22 hedge funds in the World beat the S&P for the past 3 years.  

Maybe we're wrong about the dangers the economy is facing (see today's news alert for more scary stuff) but so what?  By being cautious and taking our profits off the table, we free ourselves up to do some bargain hunting and last week, in our Live Weekly Webinar, I outlined 9 great trade ideas that can all give us 20% or better annual returns – and we don't even have to pay any fund fees!  

  • Silver Futures (/SI) long at $19.50, now $21.50 - up $50,000 per contract 
  • Gasoline Futures (/RB) short at $3, now $2.91 - up $3,780 per contract
  • CLF 2016 $15 puts sold for $3.40, now $4.35 - down 27%
  • LQMT at .20, out at .27 - up 35%
  • TWO at $10.28, selling Jan $9 calls for $1.40 and Jan $10 puts for .85 for net $8.03/9.02 – now $10.39 - on track
  • BAC 2016 $15/20 bull call spread at $1.40, selling $12 puts for .92 for net .58, now .92 - up 58%
  • OPTT at $2.44, selling Jan $2.50 calls for .75 and Jan $2.50 puts for .90 for net 0.79/$1.65, now $1.59 - off track
  • NAK at .75, now ,85 - up 13%
  • NFLX June $275 puts at .68, expired worthless - down 100%
  • NFLX June $305 puts at $2.20, expired worthless - down 100% 

May 20:  Tuesday Topics – Market Manipulation, Oil Inventories and the Death of Democracy

Am I crazy to care about this stuff?

Sometimes I feel like I am, but I guess that's the point of the top 0.01% taking control of the media – the idea is to make us feel like there's something wrong with us when we question the status quo. As Orwell said and as Goebbels put into practice, history can be rewritten until people can't even remember the way things were before.  I see that all the time in my kids' "history" books.  

Same goes with Financial Info – if you listen to CNBC or Bloomberg, oil is heading to $110 over the summer but, if you dig enough (and this one is even on Bloomberg.com), you find out this truth…

…it's not that there's been any real draw on oil at all – new record highs means new record highs – they've just moved the oil from Cushing (where it's measured) to other places where it isn't.

  • Gasoline Futures (/RB) long at $2.96, out at $3 - up $1,680 per contract
  • Russell (/TF) Futures long at 1,100, out at 1,115 - up $1,500 per contract 
  • ISRG 2016 $300 puts sold for $28, now $24 - up 14%
  • PFE 2016 $23/30 bull call spread at $4.40, selling the 2016 $30 puts for $3.80 for net .60, now $1.76 - up 193%
  • TEX 2016 $30/40 bull call spread at $5.50, selling $35 puts for $5.30 for net .20, now $1.05 - up 425%
  • BRCM $30 puts solde for $4.10, now $1.90 - up 53%
  • NTAP 2016 $30 puts sold for $3.40, now $2.15 - up 36%
  • JDSU 2016 $10 puts sold for $1.55, now $1.10 - up 29%
  • AKAM at $50, now $58 - up 16% 
  • EBAY at $52, now $51.50 - down 1% 
  • Nikkei (/NKD) Futures long at 14,000, now 15,200 - up $6,000 per contract

Tuesday's are our Live Webinar days (1pm, EST) and one of the reasons we've had so many trades in May is that we were filling up our Buy List and Tuesdays are the days we go over our picks – so lots and lots of trade ideas each Tuesday – not all of which end up officially in one of our 5 Member Portfolios.  

May 21:  Which Way Wednesday – Four Fed Edition

It's the "murderer's row" of economic BS today as, starting at 10am, we have 4 consecutive hours of Fed speeches ahead of the release, at 2pm, of the minutes of the last meeting (4/30), whose statement led to a bit of a sell-off the following week – knocking us down to the mid-April lows.  With the Russell already failing those lows and the Dow again failing the 50 dma - the Fed is pulling out all the stops to spin things back to bullish.

Don't worry, as long as you are in the top 1%, this is all great for us.  It just sucks for everyone else and, if you are only in the top 10% – I hope this motivates you to bust your ass and join the top 1% because it's REALLY going to suck not to be "one of us" over the next couple of decades if this mega-trend continues.  

  • Oil Futures (/CL) short at $103.15, now $101.50 - up $1,650 per contract
  • Oil Futures (/CL) short at $103.50 , now $101.50 - up $2,000 per contract 
  • Russell (/TF) Futures long at 1,090, out at 1,100 - up $1,000 per contract
  • 20 USO June $39 puts at  $1.24 ($2,480), out at $1.80 ($3,600) - up $1,120 (49%)
  • 5 HPQ 2016 $25/35 bull call spreads at $4.30 ($2,150), selling 7 June $32 calls for $1.36 ($952) and 5 2016 $25 puts for $2.30 ($1,150) for net $48, now $856 - up $808 (1,683%)
  • TASR 2016 $15/20 bull call spread at $1.20, selling 2016 $13 puts for $2.60 for net $1.40 credit, now -$2.30 - down 64%

May 22 – Federally Faked Thursday – The Unhappy Median 

LOOK AT IT!!!!  This is America, damn it!  We peaked out in earnings in 2000 and it's been downhill ever since.  Even worse, this is America AFTER the Federal Reserve spent $4 TRILLION to boost the economy.  This is America AFTER our Government plunged another $6 TRILLION into debt – supposedly to save jobs and support the economy.  

This is a DISASTER!  If this were the chart of a company you owned – you'd be selling.  If there were a board of directors, we'd be looking to make changes, right?  Actually, there is a sort of board of directors and, as is often the case with Corporate Management – they're the only ones making any money!  

  • VIX July $16 calls at $1.05, out at .80 - down 23%
  • Dow (/YM) Fututes short at 16,550, out at 16,600 - down $250 per contract
  • Nikkei (/NKD) Futures short at 14,400, out at 14,425 - down $125 per contract 
  • CZR 2016 $15/22.50 bull call spread at $3.20, selling 2016 $15 puts for $4.20 for net $1 credit, now .20 credit - up 80%
  • 5 TSO Aug $55/50 bear put spread at $1.10 ($550), selling 2 June $55 puts for $1.97 ($394) for net $156, now $300 - up 93%
  • 5 NFLX Jan $450/375 bear puts spread at net $44 ($22,000), selling 2 July $350 puts for $8.70 ($1,740) for net $20,260, now $16,075 - down 20%
  • 10 SQQQ July $48/54 bull call spreads at $2.30 ($2,300), selling 1 ISRG 2016 270 put for $18 ($1,800) for net $500, now -$1,250 - down 350%

May 23:  Friday Fizzle – Low Volume Rally Tops Out Again 

Despite the "drop" in gold from its 2011 peak at $1,800, at $1,300 gold is still double where it was in 2007 – I know it's popular to tell you gold isn't an inflation hedge these days – but that's done by con men who assume the average investor has a very limited memory and is incapabale of having a big picture perspective.

I'm no gold bug, we were shorting the hell out of gold in 2011 but now it's reasonably priced and we're long at $1,250. 

  • Gold long at $1,250, now $1,340 - up 7.2%
  • Gold (/YG) Futures long at $1,250, now $1,340 - up $2,880 per contract
  • 5 WFM 2016 $35/45 bull call spreads at $3.65 ($1,825), selling 5 2016 $33 puts for $3.45 ($1,725) for net $100, now $575 - up $475 (475%)
  • Silver (/SI) Futures long at $19.30, now $21.50 - up $60,000 per contract
  • TZA 5/23 $17 calls at .23, out at .46 - up 100%
  • LQMT long at .18, out at .27 - up 50%
  • Oil (/CL) Futures short at $104.50, out at $102.50 - up $2,000 per contract 
  • ARP at $19.95, selling Nov $20 calls for $1.05 and Nov $17.50 puts for .85 for net $18.05/17.78, now $19.96 - on track
  • TZA July $15/18 bull call spread at $1.40, selling Jan $14 puts for $1.35 for net .05, out at .10 - up 100%
  • VXX June $32/35 bull call spread at $1.60, out at .80 - down 50%
  • GTAT 2016 $10/15 bull call spread at $2.40, selling $12 puts sold for $3.05 for net .65 credit, now -.60 - up 7%

Well, you can see why, on May 29th, we decided to take the 19% profit and run in our Long-Term Portfolio – this streak was bound to end sooner or later.  This week had another 45 trade ideas and 12 of them were on the losing side for a score this week of 33-12 (73%), our worst of the month!  That brings our monthly total for trade ideas to 187 and 158-29 (84%) in the win column.  

Of course, "losing" bullish trades like EBAY, TASR and OPTT weren't losers at all if you consider the fact that we flipped bullish and cashed our our bullish trades into the holidays but, rules of the reveiw is we simply take today's price unless the trade was specifically called off – so losses they are.  

In any case, when you are getting near the top of your channel and you begin to notice some of your bullish trades aren't working – that is a good sign that you should probably begin to lighten up.  More on that in the next part of the review.  

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!



Comments (reverse order)


    You must be logged in to make a comment.
    You can sign up for a membership or log in

    Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

    Click here to see some testimonials from our members!


  1. On This Day 210 Years Ago, The US Vice President Killed The Former Treasury Secretary
    http://www.businessinsider.com/aaron-burr-dueled-alexander-hamilton-this-day-in-1804-2014-7



  2. Someone Broke Apple’s ‘Unbreakable’ Sapphire Glass By Running It Over With A Car
    http://www.businessinsider.com/broken-sapphire-glass-2014-7





  3. Exclusive: Mylan near multibillion-dollar deal for Abbott drug assets – sources
    http://www.reuters.com/article/2014/07/11/us-mylan-abbott-exclusive-idUSKBN0FG2BT20140711


  4. Friday Talking Points — First Marijuana TV Ad Created
    http://www.huffingtonpost.com/chris-weigant/friday-talking-points_b_5579675.html


  5. Almost all of the world’s biggest cities will be in Asia and Africa by 2030
    http://qz.com/233334


  6. Fed fears risks posed by exit tools; plan almost done
    http://www.reuters.com/article/2014/07/11/us-usa-fed-exit-idUSKBN0FG2B120140711




  7. Lyft Delays New York Launch to Seek Government Approval
    http://time.com/2977767/new-york-lyft-fight/




  8. Beige Book, Yellen testimony in Congress highlight a quiet week!


  9. Management misfire: Spain’s Wi-Fi ‘magician’ booted for financial trickery
    http://fortune.com/2014/07/11/management-misfire-spains-wi-fi-magician-booted-for-financial-trickery/


  10. Investors are completely baffled by Banco Espírito Santo
    http://qz.com/233465/investors-are-completely-baffled-by-banco-espirito-santo/


  11. SoundCloud to record labels: Don’t sue us and we’ll cut you in
    http://venturebeat.com/2014/07/11/soundcloud-to-record-labels-dont-sue-us-and-well-cut-you-in/


  12. Chicken Prices Are Rising Because of Rooster Infertility. (We’re Serious.)
    http://www.entrepreneur.com/article/235593


  13. Another year before U.S. rate rise; inflation unclear: Fed’s Lockhart
    http://www.reuters.com/article/2014/07/11/us-usa-fed-lockhart-idUSKBN0FG1ZF20140711






  14. This week in bitcoin: VC investment is up and shows no signs of stopping after Xapo
    http://gigaom.com/2014/07/11/this-week-in-bitcoin-vc-investment-is-up-and-shows-no-signs-of-stopping-after-xapo/


  15. Here’s How Aereo Thinks It Can Bring Itself Back From the Dead
    http://time.com/2974075/aereo-supreme-court-appeal/


  16. Exclusive: Carl Icahn says ‘time to be cautious’ on U.S. stocks
    http://www.reuters.com/article/2014/07/11/us-investing-icahn-exclusive-idUSKBN0FF2DV20140711


  17. India plans to build the world’s largest floating solar farm
    http://www.engadget.com/2014/07/10/india-floating-solar-farm-solve-land-cost-problem/




  18. Apple Deals Samsung Another Blow As It Gets Its First Batch Of iPhone Chips From TSMC
    http://www.businessinsider.com/apple-deals-samsung-another-blow-as-tsmc-ships-its-first-batch-of-iphone-and-ipad-chips-2014-7


  19. Housing Economist Warns That The US Home Price Slowdown Is Here To Stay
    http://www.businessinsider.com/us-home-price-slowdown-is-real-2014-7


  20. Unpaid taxes, guns, and potential bankruptcy: The bitter battle for AriZona iced tea
    http://fortune.com/2014/07/10/arizona-iced-tea/



  21. Bitcoin ATM builders look to disrupt money-transfer business
    http://www.sfgate.com/business/article/Bitcoin-ATM-builders-look-to-disrupt-5610154.php


  22. Billionaire Google CEO Thinks It Won’t Be So Bad When Robots Start Taking Our Jobs
    http://www.huffingtonpost.com/2014/07/07/google-ceo-larry-page-part-time-jobs_n_5564044.html?ncid=tweetlnkushpmg00000018






  23. From Bloomberg, Jul 12, 2014, 12:00:01 AM

    Photographer: Spencer Platt/Getty Images

    The Standard & Poor’s 500 Index completed its worst week since April, as signs of financial stress in Europe and speculation the recent rally is overdone pulled stocks down from record levels.

    To read the entire article, go to http://bloom.bg/1nmj209

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  24. From Bloomberg, Jul 13, 2014, 12:24:58 AM


    Personal location information is stored only on the iPhone, protected by a user password, and isn’t available to third parties, Apple Inc. said. Photographer: Tomohiro Ohsumi/Bloomberg

    Apple Inc. (AAPL) assured Chinese customers
    that location tracking on its iPhone can’t be used to identify
    activity of individuals, a day after China’s state-owned
    television broadcaster said the software poses a security risk.

    To read the entire article, go to http://bloom.bg/1m55lxt

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  25. Watch this video at http://bloom.bg/W4Nx0N

    How Concerning Is This Week’s Pullback in Stocks?

    July 11 (Bloomberg) — BlackRock’s Russ Koesterich and Wells Capital’s James Paulsen discuss the outlook for U.S. stocks with Carol Massar and Julie Hyman on “Street Smart.” (Source: Bloomberg)

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  26. Watch this video at http://bloom.bg/1oOyeTe

    Europe May Be Down, but It’s not Out

    July 11 (Bloomberg) — On today’s “Insight & Action,” Adam Johnson looks at a tough month for Europe. He speaks on “Money Clip.” (Source: Bloomberg)

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  27. Watch this video at http://bloom.bg/1oKmS0Q

    Fed’s Evans: I’m Most Concerned About Inflation

    July 11 (Bloomberg) — Federal Reserve Bank of Chicago President Charles Evans talks about the outlook for the U.S. economy, monetary policy and inflation.
    He spoke yesterday with Bloomberg’s Michael McKee in Jackson Hole, Wyoming. (Source: Bloomberg)

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  28. Watch this video at http://bloom.bg/1oN4wxK

    U.S. Border in `Humanitarian Crisis,’ O’Rourke Says

    July 11 (Bloomberg) — U.S. Representative Beto O’Rourke, a Democrat from Texas, talks about immigration policy and border security.
    He speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  29. From Bloomberg, Jul 13, 2014, 12:27:03 AM

    Israel told residents of the
    northern Gaza Strip to evacuate their homes, as it prepared to
    intensify attacks against Hamas and raided a rocket launch site
    in its first ground offensive of the campaign.

    To read the entire article, go to http://bloom.bg/1s8lRVG

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  30. From Bloomberg, Jul 12, 2014, 7:56:15 AM

    German Chancellor Angela Merkel’s warning at a campaign rally of her Christian Democratic Union today was a renewed message to France and Italy to refrain from softening euro-area rules as she revived rhetoric reminiscent of the peak of Europe’s debt crisis. Photographer: Michael Sohn/AFP via Getty Images

    German Chancellor Angela Merkel said
    turmoil in global markets caused by a Portuguese bank
    underscores the euro region’s fragility and shows the need for
    governments to respect debt and deficit limits.

    To read the entire article, go to http://bloom.bg/1qSXeKG

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  31. From Bloomberg, Jul 9, 2014, 1:39:54 PM

    State Street in Columbus, Ohio, 1901. Photographer: Corbis

    A draft report prepared for the United Nations suggests, out loud, what the U.S. needs to do about climate change: Cut emissions to one-tenth of current levels, per person, in less than 40 years.

    To read the entire article, go to http://bloom.bg/1neGYCt

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  32. From Bloomberg, Jul 13, 2014, 3:00:23 AM

    Barrick Gold Corp. (ABX), the largest
    producer of the metal, agreed to form a joint venture with Saudi
    Arabian Mining Co. (MAADEN)
    to operate a copper project in the country.

    To read the entire article, go to http://bloom.bg/1njBvFK

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  33. From Bloomberg, Jul 13, 2014, 2:09:46 AM

    The following list comprises the
    most-read Bloomberg News reports from the past week.

    To read the entire article, go to http://bloom.bg/U7kGY4

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  34. From Bloomberg, Jul 12, 2014, 12:00:11 AM

    Treasuries rose, with 10-year yields
    posting the biggest drop in almost four months, as re-emerging
    financial stress in Europe spurred refuge demand.

    To read the entire article, go to http://bloom.bg/W5NMsj

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  35. From Bloomberg, Jul 12, 2014, 4:59:44 AM

    The dollar fell the most versus the
    yen in 13 weeks as the Federal Reserve signaled willingness to
    keep borrowing costs at unprecedented lows even as the U.S.
    labor market improves.

    To read the entire article, go to http://bloom.bg/1mUzqWA

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  36. From Bloomberg, Jul 11, 2014, 5:58:50 PM


    July 11 (Bloomberg) — Atlanta Federal Reserve President Dennis Lockhart talks about U.S. inflation and economic growth, monetary policy and the outlook for Fed Chair Janet Yellen’s appearance before Congress next week.
    Lockhart speaks with Michael McKee at the Rocky Mountain Economic Summit in Jackson Hole, Wyoming, on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

    Federal Reserve presidents disagreed today on whether a decline in the U.S. unemployment rate to the lowest level in almost six years warrants advancing the timing for an interest-rate increase.

    To read the entire article, go to http://bloom.bg/1mS6Y7Y

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  37. From Bloomberg, Jul 11, 2014, 3:52:41 PM

    There is no doubt that Hamas could protect Palestinian lives by ceasing its current campaign to end Israeli lives.

    Mahmoud Abbas, the sometimes moderate, often ineffectual leader of the Palestinian Authority, just asked his rivals in Hamas a question that other bewildered people are also asking: “What are you trying to achieve by sending rockets?”

    To read the entire article, go to http://bv.ms/1jkptRv

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  38. From Bloomberg, Jul 13, 2014, 11:10:57 PM

    July 7 (Bloomberg) — Bob Iaccino, chief market strategist for Tethys Partners, talks about the outlook for the gold market.
    He speaks with Matt Miller on Bloomberg Television’s “In the Loop.” Bloomberg Industries analyst Kenneth Hoffman also speaks.

    Goldman Sachs Group Inc.’s Jeffrey Currie isn’t backing down from his bearish call on gold.

    To read the entire article, go to http://bloom.bg/1q8r9AB

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  39. From Bloomberg, Jul 14, 2014, 12:47:25 AM

    Gold dropped from a four-month high
    as investors weighed signs that the rally may be excessive after
    six weeks of gains and Goldman Sachs Group Inc. restated a
    forecast for lower prices. Silver, platinum and palladium fell.

    To read the entire article, go to http://bloom.bg/1zzYu9C

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  40. From Bloomberg, Jul 14, 2014, 12:35:38 AM


    A signage of Bank of China (BOC) is pictured in Shanghai, China. Photograph: Imaginechina via AP Images

    For years, wealthy Chinese have been
    transferring billions worth of their money overseas, snapping up
    pricey real estate in markets including New York, Sydney and
    Vancouver despite their country’s currency restrictions.

    To read the entire article, go to http://bloom.bg/1zzXl1J

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  41. From Bloomberg, Jul 13, 2014, 11:00:00 PM

    BRICS delegation heads at a meeting in St. Petersburg, Russia, on Sept. 5, 2013. Photographer: Alexander Vilf/Host Photo Agency via Getty Images

    The leaders of five of the world’s
    largest emerging markets will showcase a new currency reserve
    fund
    and development bank this week. Critics say neither is
    enough to revive the group’s waning clout.

    To read the entire article, go to http://bloom.bg/1rjW4Hu

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  42. From Bloomberg, Jul 14, 2014, 12:37:30 AM

    July 14 (Bloomberg) –- Bloomberg’s Haslinda Amin reports on Singapore’s surprising GDP contraction of 0.8% where the expectation was for a gain of 2.4%. She speaks to John Dawson on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

    Singapore’s economy unexpectedly
    contracted in the second quarter as higher labor costs and
    company moves to shift production overseas hurt manufacturing.

    To read the entire article, go to http://bloom.bg/1mZUB9G

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  43. From Bloomberg, Jul 14, 2014, 1:30:30 AM


    July 11 (Bloomberg) — Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore, talks about Indonesia’s election and its implications for the nation’s economy and financial markets.
    He speaks with John Dawson on Bloomberg Television’s “On the Move.” (Source: Bloomberg)

    Asian stocks advanced, with the
    regional index rising from its lowest close this month, and gold
    retreated from a four-month high. Oil dropped as the threat of
    supply disruptions in the Middle East abated, while corn slid a
    10th day on U.S. surplus forecasts.

    To read the entire article, go to http://bloom.bg/1kSXkMx

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  44. From Bloomberg, Jul 13, 2014, 7:00:00 PM


    While the strategists have a mixed record of being right, history shows the bull market has already lasted longer than average and individuals tend to pile in at the end of the rally. Photographer: Ralph Orlowski/Bloomberg

    Main Street and Wall Street are
    moving in opposite directions.

    To read the entire article, go to http://bloom.bg/1qyd6QC

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  45. From Bloomberg, Jul 13, 2014, 7:01:00 PM

    Job vacancies in London’s main
    financial district, known as the City, rose 15 percent last
    month amid an increase in initial public offerings and mergers,
    according to a recruitment survey.

    To read the entire article, go to http://bloom.bg/1myL4FG

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  46. From Bloomberg, Jul 14, 2014, 1:26:17 AM

    China’s state-backed auto
    association forecast that vehicle sales will slow more than it
    previously projected, as the economy showed little signs of
    improvement and more cities consider purchase restrictions.

    To read the entire article, go to http://bloom.bg/1zAqMkg

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  47. From Bloomberg, Jul 14, 2014, 12:01:00 AM


    “The days when our clients would hire three or four engineering firm is over,” URS Corp. CEO Martin Koffel said on today’s conference call. “It’s one-stop shopping.” Photographer: Andrew Harrer/Bloomberg

    Aecom Technology Corp. (ACM) agreed to
    acquire URS Corp. (URS), the engineering and construction-management
    company targeted by activist hedge fund Jana Partners LLC, for
    about $4 billion to gain new services in markets including oil
    and gas.

    To read the entire article, go to http://bloom.bg/W0JAJW

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  48. From Bloomberg, Jul 13, 2014, 5:00:00 PM

    Ukrainian government soldiers sit on an armoured vehicle as they take up a position around 20km south of Donetsk, on July 10, 2014. Photographer: Dominique Faget/AFP via Getty Images

    Russia and Germany called for a
    resumption of Ukraine crisis talks as President Vladimir Putin’s
    government condemned the shelling of its territory that left one
    person dead.

    To read the entire article, go to http://bloom.bg/VYzGbM

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  49. From Bloomberg, Jul 13, 2014, 7:01:00 PM


    July 11 (Bloomberg) — Davide Serra, founder of Algebris Investments LLP, talks about the state of European banking, the outlook for Banco Espirito Santo SA and financial regulation.
    He speaks with Erik Schatzker and Scarlet Fu on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)

    Mario Draghi’s newest stimulus tool
    will hand banks more than 700 billion euros ($950 billion) of
    cheap funding, economists say.

    To read the entire article, go to http://bloom.bg/1mMElHr

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  50. From Bloomberg, Jul 11, 2014, 10:01:54 PM

    Reserve Bank of Australia Governor
    Glenn Stevens said he sees the “likelihood of some disruption
    in markets” when the U.S. Federal Reserve raises interest
    rates.

    To read the entire article, go to http://bloom.bg/W3TScP

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  51. From Bloomberg, Jul 13, 2014, 11:01:12 AM


    Janet Yellen could be a little clearer.

    The gap between what the Federal Reserve says about monetary policy and what investors think it’s saying would be funny if it weren’t so important. Most of this gap is the listeners’ fault — but not all. The Fed could do a better job of explaining itself.

    To read the entire article, go to http://bv.ms/1r8jcLo

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  52. From Bloomberg, Jul 11, 2014, 5:56:01 PM

    Oh yeah, these guys are cool, I paid $50 for each of them, now we’re friends, it’s great.

    I confess I had a feeling that not all was right with Cynk Technologies. Just a hunch that I had, that I mentioned repeatedly here and here and on Twitter and on television and to strangers on the subway. Something about a company with no revenues and a brilliant but undeveloped business model (buy friends on the Internet! friends not included) having a $4, 5, 6, whatever billion dollar market cap struck me as fishy.

    To read the entire article, go to http://bv.ms/1nmm9Fb

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  53. Let’s talk deal: Anheuser-Busch InBev and SABMiller

    Yesterday, 09:45 AM ET · BUD

    • Talk about a merger between Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) has picked up again this summer with many industry insiders forecasting a deal between the beer giants will be completed this year or in 2015.
    • The combination would create a beer juggernaut that would account for close to 30% of global beer volume.
    • Deal on: It’s SABMiller’s presence in Africa and China that makes it attractive to A-B with execs knowing SABMiller’s stake in MillerCoors would very likely need to be sold off to make the deal fly with regulators. Some analysts note the growth channels are vibrant enough to justify the deal premium. Massive synergies on the cost side also help make the math work out.
    • Deal off: SA contributor Tim McAleenan thinks the massive amount of debt that A-B would have to take on to buy SABMiller puts a deal out of reach. Buying at a market peak is also a tricky proposition.


  54. Column: Jeff Immelt is the American Canada needs to lead oil sands clean-up

    Sat, Jul 12 · GE

    • The problem facing Canada isn’t the Keystone pipeline or Pres. Obama or environmentalists – it’s the oil sands, and they’ve got to be cleaned up and the head-in-the-sand denials chased way or the country will be stuck with a “baby seal hunt” image, Diane Francis writes in the Financial Post.
    • The columnist thinks she knows the right person to lead the clean-up: Jeff Immelt – “an American leader with stature in Washington, on Wall Street, in the oil patch and in Silicon Valley” – who said this week that GE will help companies clean up the oil sands.
    • The only way to stop the environmental excuses, Immelt believes, is for the industry to collaborate and voluntarily establish lower emissions targets that would make the oil sands competitive with any other fuel source in the world – without such a promise to provide cleaner energy, “all bets are off.”
    • Some related companies: XOM, IMO, SU, RDS.A, RDS.B. ENB, TRP, CNQ, CVE, CVX, COP, BP, KMP, WPZ, TOT, STO, CEO, SNP, PTR, HUSKF, ATHOF, COSWF.


  55. Ilumina closes big U.K. sequencing deal

    Fri, Jul 11 · ILMN

    • The U.K. government chooses Ilumina (ILMN +1.5%) to sequence 100,000 human genomes in a project focused on cancer, rare and infectious diseases. The pilot phase project, called Genomics England, is expected to be completed by the end of 2017.
    • One in 17 people are born with or will develop a rare disease in their lifetime. 80% of rare diseases have an identified genetic component.
    • One of the project’s goals is to kickstart the development of a U.K. genomics industry and introduce the technology into its mainstream health system.


  56. Alibaba updates IPO filing, strikes data deal with Nielsen

    Fri, Jul 11 · BABA

    • Alibaba’s (BABA) 27-member governing partnership can nominate two more directors without a shareholder vote, the company states in a revised F-1.
    • Doing so would guarantee a majority of directors (6 out of 11) have been nominated by the partnership. The ability to maintain management/founder board control was a key reason Alibaba chose to list in NYC instead of Hong Kong.
    • Separately, Alibaba is partnering with Nielsen (NLSN) to obtain integrated online/offline data about Chinese consumers. A new Nielsen product (called Omni Channel) will combine shopping and demographic data from Alibaba’s sites with offline data (provided by Nielsen) from Chinese retailers.
    • Google, Facebook, and other U.S. Web giants are already trying to leverage offline data to improve ad targeting. The Nielsen tie-up could be especially useful for Alibaba’s giant Taobao site (focused on smaller merchants), which is monetized via ads and other value-added services rather than transaction fees.
    • Yesterday: Alibaba IPO process could start at month’s end


  57. Microsoft roundup: Job cuts, strategy, Nadella interview, InMage

    Fri, Jul 11 · MSFT

    • “We viewed [Satya Nadella's] letter yesterday to employees as putting everyone on notice that he wants to make organizational changes,” writes Nomura’s Rick Sherlund after taking in Nadella’s missive.
    • Sherlund thinks Microsoft (MSFT +1%) might shed 5%-10% of the ~125K employees working for either Microsoft proper or Nokia’s phone unit. He estimates cutting a quarter of the 25K-strong Nokia workforce would “eliminate about $1.0b of cost structure.”
    • Meanwhile, others have honed in on Nadella’s productivity emphasis, and his attempts to distance himself from Steve Ballmer’s “devices & services” mantra. Harry McCracken: “The new vision … feels less like it’s reacting to the changes to the industry which Apple has wrought by imitating them: Apple is never, ever going to have a mission statement which leads with the word ‘productivity.’”
    • CITEworld, for its part, likes Nadella’s remarks about making heavy use of data to drive product decision-making.
    • In an interview with The Verge, Nadella rejects traditional distinctions between enterprise and consumer markets. “Any thinking consumer should consider Microsoft because guess what, you’re not just a consumer. You’re also going to go to work, you’re also going to be productive and we can do a better job for you in there”
    • Microsoft has acquired InMage, a provider of disaster recovery/failover hardware and software for businesses and service providers. The company plans to integrate InMage’s technology, which captures data changes in real-time, with Azure’s recently-launched Site Recovery service.


  58. Report: An Enbridge Line 5 spill could cause Great Lakes catastrophe

    Fri, Jul 11 · ENB

    • A 60-year-old Enbridge (ENB) pipeline beneath the environmentally sensitive shipping channel through the Straits of Mackinac would cause disastrous consequences for the Great Lakes if it ruptured, according to a new report.
    • The Straits’ oscillating currents are part of what makes it such a harmful place for a pipeline breach, the report says; as the current changes direction every few days, contaminants could be carried back and forth across the straits several times.
    • ENB has said its Line 5 pipeline is in good shape and not in danger of rupturing; in December, ENB increased the amount of oil passing through it to 540K bbl/day.


  59. Oil companies have a $700B problem, Goldman analyst says

    Fri, Jul 11 · SNP

    • As much as ~$700B oil companies have in their capital spending pipeline may no longer be needed, as the big discoveries of shale oil in recent years have added ~66B barrels of crude oil resources, enough to meet demand growth in the coming years, according to Goldman Sachs’ head of European energy research Michele della Vigna.
    • New projects that require oil prices to be above $80-$85/bbl to break even ought to be delayed or canceled – which could include big investments considered in Canadian heavy oil or in deep waters off shore – della Vigna says.
    • It’s also potentially bad news for the oil service companies that make money helping oil companies with their big projects; the winners are likely to be companies with the best roster of low-cost investments: SNP, BRGXF, BRGYY, AFRNF, STOSF.


  60. Rackspace drops on BrightWire M&A report; CTL showed “casual” interest

    Fri, Jul 11 · RAX

    • Rackspace (RAX -5.4%) has received “only modest buyer interest” since putting itself on the block, BrightWire reports. Shares have added to the Thursday losses they saw following a re/code report stating sources have denied H-P made a bid.
    • BrightWire states CenturyLink (CTL – unchanged) “made an initial overture” to buy Rackspace, but adds its interest “was only casual and soon faded.” Citi made the case for a Rackspace/CenturyLink deal last month.
    • Separately, Wells Fargo’s Gary Powell says talks make him consider a Rackspace LBO deal (would involve P-E firms) unlikely, and that the market has “correctly assumed” a 70%+ probability that no strategic buyer (i.e. a tech company) will emerge.
    • Nonetheless, Powell reiterates an Outperform, and calls Rackspace’s asset value under-appreciated. He adds CenturyLink and H-P “have not completely ruled out a potential deal with RAX.”


  61. SPY 5 MINUTEGood morning! 

    Futures up about 0.35% but Asia was up because we were up and Europe is up because Asia was up and we were up on total BS – so nothing to be excited about yet.

    There's no particular good news – just meaningless Monday action and we'll watch our levels and wait to see what Yellen can do for us during her Congressional Testimony tomorrow and Weds. 

    Weds afternoon we also have Fisher (hawk) at noon (while Yellen is still with Congress) and then the Beige Book at 2pm.  Empire State Manufacturing is 8:30 tomorrow and Philly Fed Thursday and then there's housing data in between and Retail Sales tomorrow and, of course, earnings.

    So today REALLY isn't going to tell us anything.  

    Europe majors are up 0.66% but really it was a rally at the bell and flat since.  Italy and Spain opened up too but have sold back to flat already, just after lunch.