Archive for February, 2017

Mapping America’s Friends, Foes, & Frenemies

Courtesy of ZeroHedge. View original post here.

Subject to change…

Map created by reddit user ShilohShay

Via BrilliantMaps.com,

The map above shows which countries Americans consider their allies and friends and those they consider unfriendly or even their enemy.

The data is based off a YouGov poll conducted between January 28 – February 1, 2017, which asked 7,150 adults living in the United States the question:

“Do you consider the countries listed below to be a friend or an enemy of the United States?”

 

Reddit user ShilohShay explains that:

For the purpose of extrapolating more interesting data from the poll, I only added a country to “Don’t Know” in this map if 50% or more of Americans picked that option. Otherwise I went with the plurality opinion.

Top 10 US Allies were:

  1. Canada
  2. Australia
  3. UK
  4. France
  5. Italy
  6. Ireland
  7. Israel
  8. Norway
  9. Sweden
  10. Germany

Top 10 US Enemies were:

  1. North Korea
  2. Iran
  3. Syria
  4. Iraq
  5. Afghanistan
  6. Russia
  7. Libya
  8. Somalia
  9. Pakistan
  10. Palestine

While many of the enemies are the ones you’d expect, only 11% of Americans consider China their enemy and just 9% consider Cuba their enemy.





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Treasuries Plunge After Fed Speakers Jolt March Hike Odds Higher (Bloomberg)

Treasuries plunged after comments from Federal Reserve officials led traders to ramp up bets that the central bank will raise interest rates in the middle of next month.

US Economy Grew Weak 1.9 Percent Rate In 4th Quarter (Associated Press)

The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought.

BMO sees bond sell-off on 'sea change' in Canadian growth outlook (Bloomberg)

Investors should brace for a sell-off in Canadian bonds because the country’s economy is doing better than most people think, according to BMO Capital Markets.

Fed's Kaplan: Trade relationship with Mexico has improved U.S. (CNBC)

In an CNBC.com exclusive, Dallas Fed President Robert Kaplan talks trade, oil, and the future of Dodd-Frank with CNBC's Steve Liesman.

China said to probe speculation in commodity futures rally (The Business Times)

China's top economic planner is investigating whether speculation has distorted commodity futures prices, due to concerns that the recent rally will drive inflation higher, according to people with knowledge of the matter.

U.S. Looks Set to Export First LNG on Canada's Behalf (Bloomberg)

A year after shipping its first cargo of shale gas overseas, the U.S. is looking to do the same for Canada.

Cheniere Energy Inc. said Tuesday that it’ll receive supplies from the Montney shale play, which straddles Alberta and British Columbia.

Icahn's $126 Million Gain on Biofuel Deal Prompts Criticism (Bloomberg)

Carl Icahn’s stake in a Texas refiner grew by as much as $126 million Tuesday after the billionaire investor and special adviser to President Donald Trump helped broker a proposal to alter U.S. biofuels policy.

Why ‘Rich Dad’ author Robert Kiyosaki still thinks the market is about to crash (Market Watch)

Robert Kiyosaki, author of the “Rich Dad” series of books, has for years predicted an epic market crash when baby boomers, forced by law,


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Mid-Afternoon Market Update: Weight Watchers Rises On Upbeat Earnings; Babcock & Wilcox Shares Drop

Courtesy of Benzinga.

Toward the end of trading Wednesday, the Dow traded up 1.63 percent to 21,150.38 while the NASDAQ climbed 1.38 percent to 5,905.84. The S&P also rose, gaining 1.52 percent to 2,399.67.

Leading and Lagging Sectors

Basic materials shares climbed by 2.37 percent in trading on Wednesday. Meanwhile, top gainers in the sector included Handy & Harman Ltd (NYSE: HNH), and Mechel PAO (ADR) (NYSE: MTL).

In trading on Wednesday, utilities shares fell by 0.08 percent. Meanwhile, top losers in the sector included FirstEnergy Corp. (NYSE: FE), down 3 percent, and TransAlta Corporation (USA) (NYSE: TAC), down 2 percent.

Top Headline

Best Buy Co Inc (NYSE: BBY) reported better-than-expected earnings for its fourth quarter, but sales missed estimates. The company also issued weak earnings forecast for the current quarter.

Best Buy reported Q4 adjusted earnings of $1.95 per share on revenue of $13.482 billion. Analysts were expecting earnings of $1.67 per share on revenue of $13.62 billion.

Best Buy expects Q1 adjusted earnings of $0.35 to $0.40 per share, versus analysts’ estimates of $0.49 per share.

Equities Trading UP

Stone Energy Corporation (NYSE: SGY) shares shot up 294 percent to $27.40. On Tuesday, Stone Energy reported the successful completion of financial restructuring and emergence from bankruptcy. After a previous 10-to-1 reverse split in summer of 2016, the new restructuring will effectively result in another 5.67-to-1 reverse split for Stone shareholders. National Securities upgraded Stone Energy to Buy.

Shares of Skyline Medical Inc (NASDAQ: SKLN) got a boost, shooting up 27 percent to…
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Benzinga’s Option Alert Recap From March 1

Courtesy of Benzinga.

Benzinga Pro provides its subscribers with real-time alerts of potentially market-moving options activity.

Here’s a recap of the options alerts from Wednesday March 1, 2017. All time stamps are in Eastern Time.

  • 5:53:54pm: PSTG Pure Storage Mar 15.0 Calls Sweep: 957 @ ASK $0.10: 1001 traded vs 281 OI: Earnings today After Close $11.28 Ref
  • 5:33:38pm: FEYE FireEye Mar 24th 13.0 Calls Sweep: 779 @ ASK $0.09: 804 traded vs 2686 OI: Earnings 5/4 After Close (est) $11.06 Ref
  • 4:59:33pm: KR Kroger Mar 31.0 Calls: 2000 @ ASK $1.75: 3940 traded vs 70 OI: Earnings tmrrw Before Open $32.10 Ref
  • 4:57:00pm: BID Sotheby’s Apr 45.0 Puts Sweep: 1023 @ ASK $1.363: 1025 traded vs 64 OI: Earnings 5/8 Before Open (est) $46.97 Ref
  • 3:59:24pm: MRVL Marvel Tech Mar 18.0 Calls Sweep: 1000 @ ASK $0.09: 1015 traded vs 210 OI: Earnings tmrrw After Close $15.94 Ref
  • 3:35:55pm: WFM Whole Foods Mar 3rd 31.5 Calls Sweep: 640 @ ASK $0.07: 1348 traded vs 2946 OI: Earnings 5/3 After Close (est) $30.81 Ref
  • 3:34:06pm: FRO Frontline Mar 7.0 Calls Sweep: 898 @ ASK $0.195: 923 traded vs 1779 OI: $7.00 Ref
  • 3:23:47pm: FRED FRED Apr 25.0 Calls: 755 @ ASK $0.65: 22k traded vs 607 OI: Earnings 3/22 Before Open (est) $18.80 Ref
  • 3:22:06pm: CRBP Corbus Pharma Mar 7.5 Puts Sweep: 500 @ ASK $0.45: 760 traded vs 995 OI: Earnings 3/24 After Close (est) $9.02 Ref
  • 3:09:40pm: P Pandora Mar 14.0 Calls Sweep: 4454 @ ASK $0.13: 6051 traded vs 13k OI: Earnings 4/27 After Close (est) $12.22 Ref
  • 2:29:08pm: TWTR Twitter Mar 15.5 Put; 2231 @Bid @$0.27
  • 2:04:24pm: YPF YPF Mar 22.0 Calls Sweep: 500 @ ASK $0.35: 2000 traded vs 1296 OI: Earnings 3/9 After Close $21.18 Ref


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What The Sell Side Is Saying About Ramaco Resources

Courtesy of Benzinga.

Wall Street brokerages started coverage of Ramaco Resources Inc (NASDAQ: METC) on a bullish note, with both Credit Suisse and BMO Capital being Outperform rated on the stock.

Ramaco, which began trading in early February, is a metallurgical coal producer. The company is transitioning from development phase into production phase, with four projects expected to result in annual metallurgical coal production of about 1.1 million tons in 2017, growing to about 4.4 million tons by 2022.

Curt Woodworth of Credit Suisse says Ramaco offers compelling growth in the US / seaborne coking coal market with a cost structure that should provide meaningful FCF generation and dividend payouts once at scale.

“We are bullish on the medium-term fundamentals for seaborne coking coal driven by global growth in steel production and structural capacity reduction in China of coal and steel, which should support above-mid-cycle prices in 2017-19,” Woodworth wrote in a note.

Related Link: A Peek Into The Markets: U.S. Stock Futures Surge Ahead Of Economic Data

Woodworth, who has a price target of $14, also noted that Ramaco has virtually no debt, no legacy liabilities and has a strong management team.

Similarly, BMO’s David Gagliano noted that Ramaco expects cash costs below $60/t through 2025, which would place the company in the first quartile among US met coal producers selling domestically. The analyst has a price target of $15.

“In our view, Ramaco has compelling potential to be a lowcost US met coal producer with a clean balance sheet, significant organic growth, and longer-term free cash flow generation, translating to an attractive investment option for those seeking exposure to metallurgical coal markets,” Gagliano wrote in a note.

In a related development, Seaport Global also launched coverage of Ramaco with a Buy rating and $14 price target.

Shares of Ramaco closed Tuesday’s trading at $10.90.

Latest Ratings for METC

Date Firm Action From To
Feb 2017 Jefferies Initiates Coverage On Buy
Feb 2017 Credit Suisse Initiates Coverage On Outperform
Feb 2017 BMO Capital Initiates Coverage On Outperform

View More Analyst Ratings for METC


View the Latest Analyst Ratings

Posted-In: BMO Capital Credit Suisse Curt Woodworth DAvid GaglianoAnalyst Color Price Target Initiation Analyst Ratings





Lowe’s Delivers Beat And Raise, But Analysts Are Still Cautious

Courtesy of Benzinga.

Lowe's Delivers Beat And Raise, But Analysts Are Still Cautious

Lowe’s Companies, Inc. (NYSE: LOW) shares are up more than 9 percent after a fourth quarter earnings report that saw an impressive 5.1 percent increase in total and U.S. comparable sales, narrowing the gap with the company’s closest competitor Home Depot Inc (NYSE: HD) by 210 basis points.

According to Wedbush analysts, favorable weather, solid merchandising and execution likely drove stronger than expected sales. Softer gross margins by Lowe’s, likely due to the company’s 2016 acquisition of Canadian hardware retailer Rona, were more than offset by strong SCG&A leverage

Despite the solid quarter, Home Depot was able to deliver slightly higher comp growth of 5.8 percent. Lowe’s 2017 guidance came in above expectations with comps expected to increase around 3.5 percent.

Wedbush analysts were cautious about the industry moving forward however, maintaining a Neutral rating on Lowe’s with a $77 price target.

“While we believe the housing cycle still has legs, the best is likely behind us,” the analyst said. “A bevy of negative data points suggest a modest slowdown in underlying home improvement sales growth ahead…LOW’s operational and merchandising momentum may have slowed, making it challenging to close the comp gap with HD, which we believe is key for relative share price outperformance.”

Shares traded recently at $81.07. Wedbush has a Neutral ratings and $77 12-month price target on the stock.

Latest Ratings for LOW

Date Firm Action From To
Feb 2017 Bernstein Initiates Coverage On Underperform
Dec 2016 Citigroup Downgrades Buy Neutral
Nov 2016 Telsey Advisory Group Downgrades Outperform Market Perform

View More Analyst Ratings for LOW


View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Earnings Guidance Analyst Ratings Best of Benzinga





Palo Alto Delivers Another ‘Messy’ Quarter

Courtesy of Benzinga.

UBS downgraded Palo Alto Networks Inc (NYSE: PANW) to Neutral from Buy as the company’s second quarter results were marred by execution issues and marked its third set of “messy” quarter in the last four.

Palo Alto reported second quarter revenue/non-GAAP EPS well below consensus and guided third quarter below Street. The disappointing results led the company to lower outlook to flat product growth (from +12-13 percent year-over-year).

Palo Alto also cut F2017 revenue growth guidance to 25 percent from 30-31 percent and non-GAAP EPS view to $2.45-$2.50 from $2.75-$2.80.

Following the weak quarterly print and tepid outlook, shares plunged more than 20 percent, pricing in the now anemic and de-risked FY growth.

“But a sustained stock rebound is likely to be stifled by nebulous conviction on the extent of outperiod growth recovery and skepticism on prior MT/LT financial targets in our view, given the Mar’17 analyst day has now been postponed,” analyst Fatima Boolani wrote in a note.

Related Link: Here’s Why Citron’s Andrew Left Sees Palo Alto Going To $170

Palo Alto is facing strong competition from Cisco Systems, Inc. (NASDAQ: CSCO), while other peers Check Point Software Technologies Ltd. (NASDAQ: CHKP) and Fortinet Inc (NASDAQ: FTNT) too capped off strong CY16s.

Boolani, who cut her price target to $130 from $160, says Cisco’s improved execution would make it tough for Palo Alto to gain share. The analyst said it’s unlikely for the company to get to 30 percent operating margins in the next two years as she models only +200bps of expansion a year from current 20 percent levels.

That said, Boolani remains positive on Palo Alto’s ability to outgrow the firewall market by min. 2x – given the company has just about 40,000 customers in contrast to peers’ ranging from 150-300,000. But, the growth rate is likely to be more moderate given stronger competition.

The analyst noted the company must iron out…
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25 Stocks Moving In Wednesday’s Pre-Market Session

Courtesy of Benzinga.

Gainers

  • Clean Energy Fuels Corp (NASDAQ: CLNE) rose 34.7 percent to $3.30 in pre-market trading after BP plc (ADR) (NYSE: BP) agreed to pay $155 million for Clean Energy’s existing biomethane production facilities.
  • Dynavax Technologies Corporation (NASDAQ: DVAX) shares rose 28.9 percent to $5.80 in pre-market trading after the company reported the FDA acceptance for review of its November’s HEPLISAV-B CRL.
  • Neuroderm Ltd (NASDAQ: NDRM) rose 16.6 percent to $27.00 in pre-market trading after the company disclosed that it has achieved primary endpoint in ND0612H Phase 2 trial for advanced Parkinson’s disease.
  • Big 5 Sporting Goods Corporation (NASDAQ: BGFV) rose 15.2 percent to $15.50 in pre-market trading after the company reported upbeat Q4 earnings and issued a strong forecast.
  • Weight Watchers International, Inc. (NYSE: WTW) shares rose 12.6 percent to $16.20 in pre-market trading as the company posted stronger-than-expected results for its fourth quarter on Tuesday.
  • PDL BioPharma Inc (NASDAQ: PDLI) rose 12.2 percent to $2.40 in pre-market trading. PDL BioPharma reported a $30 million buyback plan.
  • Liquidity Services, Inc. (NASDAQ: LQDT) rose 11 percent to $9.05 in pre-market trading after dropping 0.61 percent on Tuesday.
  • Tribune Media Co (NYSE: TRCO) rose 9.5 percent to $37.80 in pre-market trading. Tribune Media reported Q4 earnings of $0.22 per share on sales of $529.6 million, and announced a $400 million buyback plan.
  • Calithera Biosciences Inc (NASDAQ: CALA) shares rose 8.3 percent to $9.75 in pre-market trading after dropping 0.55 percent on Tuesday.
  • PhotoMedex Inc (NASDAQ: PHMD) shares rose 7.8 percent to $2.35 in pre-market trading after dropping 6.03


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Intel’s Stock Downgraded: ‘The First Step Is Always Denial’

Courtesy of Benzinga.

Intel's Stock Downgraded: 'The First Step Is Always Denial'

Bernstein’s Stacy Rasgon believes Intel Corporation (NASDAQ: INTC) “is facing structural headwinds as datacenter weakens, quality growth becomes more elusive, and competition increases.”

The analyst downgraded the rating on the company from Market Perform to Underperform, while lowering the price target from $36 to $30.

Downward Spiral

Rasgon sees the stock as expensive, especially given that fundamentals are expected to worsen, while capex is expected to reach record highs.

“We may be a little early on this, but we don’t think we’re wrong; on the back of a potentially multi-year re-rating we believe the time has come to put a stake in the ground,” the analyst stated.

Rasgon believes Intel is at the beginning of a multi-year “structural case,” with Datacenter beginning to slow down, growth targets being reset and margins beginning to compress.

Related Link: Intel And AMD Going In Opposite Directions

Increasing Competition

In addition, the environment is becoming increasingly competitive, and the company continues to have high dependence on less attractive “adjacencies.”

The analyst also believes Intel “needs growth to maintain manufacturing scale as core PCs decline, resulting in significantly increased spending but nothing they have on the table for growth is as good as their current businesses have been.”

Rasgon pointed out that “the world seems to be moving against Intel’s strengths,” with growing importance being given to design and architectural expertise.

The company has continued to focus on process, while experiencing delays. On the other hand, its competitors are focused on developing competitive products on processes that seem to be “worse” in theory, although are not necessarily so in practice.

The gross margin and EPS estimates for 2018 and 2019 have been lowered.

Latest Ratings for INTC

Date Firm Action From To
Mar 2017 Bernstein Downgrades Market Perform Underperform
Feb 2017 Canaccord Genuity Downgrades Buy Hold
Jan 2017 Morgan Stanley Upgrades Underweight Equal-Weight

View More Analyst Ratings for INTC


View the Latest Analyst Ratings

Posted-In: Bernstein Stacy RasgonAnalyst Color Downgrades Price Target Top Stories Analyst Ratings Tech Best of Benzinga





March Rate Hike Odds Surge to 80 Percent: New Standard for “Surprisingly Strong” Economy

Courtesy of Mish.

Rate hike odds surged as high as 80% following comments today from two Fed presidents. The odds are 62% as I am typing now. Let’s investigate the spike.

dudley-rate-hike

The Financial Times reports Market Odds of March Rise in US Interest Rates Hit 80%.

The market odds of a March increase in US interest rates shot up to 80 percent on Tuesday as Federal Reserve policymakers insisted they did not need to see Republican tax reforms and other policies before they act.

William Dudley, influential head of the New York Federal Reserve, said that the prospects for adding to the December 2016 rate increase had become “a lot more compelling”.

“It seems to me that most of the data we’ve seen over the last couple months is very much consistent with the economy continuing to grow at an above-trend pace, job gains remain pretty sturdy, inflation has actually drifted up a little bit as energy prices have increased,” he said in an interview with CNN.

Mr. Dudley is typically considered to be a dove on the Fed’s policy-setting board, so his remarks were “significant”, according to Thomas Simons, a money market economist at Jefferies, the investment bank.

“For Dudley, this is as hawkish and specific as you’re going to get,” he said

John Williams, president of the San Francisco Fed, said on Tuesday that a move would be “very much on the table for serious consideration” in March.

Parking the question of higher rates until June, on the other hand, would mean another half-year will have passed since the last rate rise in spite of surprisingly strong economic data.

New Standard for “Surprisingly Strong” Economy

I have no idea what “surprisingly strong” economic data they are referring to given that 4th quarter GDP is 1.9%, and the Atlanta Fed GDPNow model suggests 2.5% for first quarter.

Is 2% the new standard for”surprisingly strong” growth?

Yields Jump

Yields jumped across the board, but rates on the short end rose more than the 30-year long bond.

One-Year Treasuries


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Zero Hedge

Schiff: Negative Interest Rates Are "Boneheaded"

Courtesy of ZeroHedge View original post here.

Via SchiffGold.com,

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. This week, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.

In his podcast, Peter Schiff said negative interest rates are boneheaded. ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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...

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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.

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