Archive for 2019

Morgan Stanley Drops Bearish Intuit Stance, Points To Tax Season Catalysts

Courtesy of Benzinga.

Morgan Stanley Drops Bearish Intuit Stance, Points To Tax Season Catalysts

Morgan Stanley’s bearish stance on Intuit Inc. (NASDAQ: INTU), which dates to September 2016, is no longer justifiable ahead of multiple catalysts that should result in more durable revenue growth, in the sell-side firm’s view. 

The Analyst

Analyst Keith Weiss upgraded Intuit from Underweight to Equal-weight with a price target lifted from $172 to $225.

The Thesis

Intuit has “multiple irons in the fire” ahead of the upcoming tax season, with new products in the consumer segment (TurboTax Live) that should bode well in a less competitive and different environment compared to prior years, Weiss said in the Monday upgrade note.

The small business segment should benefit from new initiatives, including shifting the legacy installed base to QuickBooks Online Enterprise, or QBO, the analyst said. 

If Intuit has a successful tax season, the momentum could be sustainable, as the software company introduced several initiatives to improve customer retention, Weiss said. One example: connecting QBO subscribers to a network of accountants. Fifty-eight percent of customers have taken advantage of the feature, he said.

Other initiatives to improve the platform include making it simpler for QBO customers to connect a third-party app, and those who have done so resulted in a six-point improvement in retention, according to Morgan Stanley. 

Despite multiple catalysts ahead, the Street is forecasting a deceleration in Intuit’s revenue growth from 15 percent in 2018 to 9 percent, Weiss said.

While this figure looks “extremely conservative,” it is balanced by ongoing concerns that the company is mix shifting toward lower-margin businesses that minimize EBIT growth potential, making for a balanced risk-reward profile, according to Morgan Stanley. 

Price Action

Shares of Intuit were trading higher by 1.8 percent Monday morning.

Related Links:

BofA, Guggenheim Positive On Intuit Ahead Of Tax Season

Stifel: 3 Reasons To Like Intuit

Photo courtesy of Intuit. 

Latest Ratings for INTU

Date Firm Action From To
Feb 2019 Morgan Stanley Upgrades Underweight Equal-Weight
Feb 2019 Goldman Sachs Reinstates Neutral
Dec 2018 KeyBanc Initiates Coverage On Overweight

View More Analyst Ratings for INTU

View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan Stanley QuickBooks Online Enterprise taxAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga

Morgan Stanley: What Impact Will India’s New E-Commerce Laws Have On Walmart?

Courtesy of Benzinga.

Morgan Stanley: What Impact Will India's New E-Commerce Laws Have On Walmart?

Among the multiple new e-commerce laws India’s ruling government enacted Feb. 1, online vendors can no longer offer exclusive deals for products on their platform and can no longer task one vendor with supplying more than 25 percent of an entire inventory, Quartz reported.

The new rules directly apply to Walmart Inc (NYSE: WMT), which is invested in India through its ownership of Flipkart, according to Morgan Stanley.

The Analyst

Morgan Stanley’s Simeon Gutman maintains an Overweight rating on Walmart with an unchanged $110 price target.

The Thesis

At first glance, the new rules appear negative for Walmart and its Flipkart business, although the law remains subject to change and it is not yet clear how companies will adapt, Gutman said in a Monday note.

Walmart could find “creative business solutions,” so the potential impact to the retailer’s EPS remains unclear, the analyst said. 

Under a series of scenarios and assumptions, Flipkart’s losses could increase by 20-25 percent from the new rules and result in a “manageable” 1.5-percent hit to Walmart’s 2019 earnings, Gutman said. The impact may already be priced into Walmart, he said.

Walmart isn’t likely to consider divesting its stake in Flipkart, but at the end of the day it may be the right move if there is no longer a clear path toward achieving a profit in India, according to Morgan Stanley. 

Price Action

Walmart shares were up 0.27 percent at $94.11 at the time of publication Monday. 

Related Links:

Winning India: Walmart Vs. Amazon

Morgan Stanley Weighs How Flipkart Changes Walmart’s Global Stand Against Amazon

Photo courtesy of Flipkart. 

Latest Ratings for WMT

Date Firm Action From To
Jan 2019 Morgan Stanley Upgrades Equal-Weight Overweight
Nov 2018 Citigroup Maintains Buy Buy
Nov 2018 Deutsche Bank Maintains Buy Buy

View More Analyst Ratings for WMT

View the Latest Analyst Ratings

Posted-In: e-commerce FlipkartAnalyst Color Emerging Markets Price Target Reiteration Markets Analyst Ratings Best of Benzinga

Analyst: Normalized GE Earnings Difficult To Forecast

Courtesy of Benzinga.

Analyst: Normalized GE Earnings Difficult To Forecast

After a brutal 2018, General Electric Co. (NYSE: GE) is off to a hot start to 2019. However, one analyst said GE’s long-term outlook remains uncertain.

The Analyst

Bank of America analyst Andrew Obin reiterated his Neutral rating and $11 price target for GE stock.

The Thesis

GE’s fourth-quarter report and positive announcements on divestments have reassured investors about the health of GE’s balance sheet in the near term. Obin said GE stock is now pricing on only about a $10 billion cash requirement for GE Capital compared to a previous range of between $35 billion and $50 billion. Obin also said the restructuring of the Healthcare spin-off should result in an additional $10 billion in incremental cash.

All together, the recent news from the company and its earnings report have likely taken a worst-case scenario off the table for GE and have likely lowered GE’s cost of capital, Obin said.

In 2019, Obin said investors will begin shifting their focus from GE’s distressed balance sheet to fundamental metrics such as free cash flow and EPS. Unfortunately, Bank of America has lowered its 2019, 2020 and 2021 EPS estimates from 77 cents, 90 cents and 98 cents to 59 cents, 79 cents and 89 cents, respectively. Obin says it may take much longer to structurally improve GE’s Power business than some investors are anticipating. That uncertainty makes GE stock too much of a risk after a 35 percent gain year-to-date.

“We recognize that the Power turnaround will not happen overnight with plenty of headwinds to structural profitability in the business, making it difficult to set a reasonable range of normalized EPS or FCF by ’20 post Healthcare exit,” Obin wrote in the note.

Price Action

General Electric shares traded at $10.18 Monday afternoon.

Related Links:

Analysts React To GE’s Mixed Quarter

Analyst: General Electric Just Took A ‘Couple Of Steps Backward’

Photo credit: Empoor, via Wikimedia Commons

Latest Ratings for GE


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A Peek Into The Markets: US Stock Futures Edge Higher, Alphabet Earnings In Focus

Courtesy of Benzinga.

A Peek Into The Markets: US Stock Futures Edge Higher, Alphabet Earnings In Focus

Pre-open movers

U.S. stock futures traded slightly higher in early pre-market trade. Alphabet Inc. (NASDAQ: GOOGL) will release quarterly earnings after the closing bell. Data on motor vehicle sales for December will be released today. Data on factory orders for November will be released at 10:00 a.m. ET. Cleveland Federal Reserve Bank President Loretta Mester is set to speak in Cleveland, Ohio at 7:30 p.m. ET.

Futures for the Dow Jones Industrial Average gained 12 points to 25,008, while the Standard & Poor’s 500 index futures rose 1 point to 2,705.25. Futures for the Nasdaq 100 index gained 2.5 points to 6,880.25.

Oil prices traded higher as Brent crude futures rose 0.43 percent to trade at $63.02 per barrel, while US WTI crude futures rose 0.05 percent to trade at $55.30 a barrel.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.69 percent, STOXX Europe 600 Index dropping 0.15 percent and German DAX 30 index slipped 0.28 percent. The UK’s FTSE index was trading higher by 0.26 percent, while French CAC 40 Index fell 0.47 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.46 percent, Hong Kong’s Hang Seng Index gained 0.21 percent, China’s Shanghai Composite Index rose 1.3 percent and India’s BSE Sensex climbed 0.31 percent.

Broker Recommendation

Analysts at Goldman Sachs upgraded ConocoPhillips (NYSE: COP) from Neutral to Buy and raised the price target from $76 to $82.

ConocoPhillips shares rose 1.5 percent to $69.71 in pre-market trading.

Breaking News

  • Saia Inc (NYSE:

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Earnings Scheduled For February 4, 2019

Courtesy of Benzinga.

Earnings Scheduled For February 4, 2019

Companies Reporting Before The Bell

  • Sysco Corporation (NYSE: SYY) is estimated to report quarterly earnings at $0.73 per share on revenue of $14.81 billion.
  • The Clorox Company (NYSE: CLX) is expected to report quarterly earnings at $1.31 per share on revenue of $1.47 billion.
  • Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) is estimated to report quarterly earnings at $1.82 per share on revenue of $1.06 billion.
  • Saia, Inc. (NASDAQ: SAIA) is projected to report quarterly earnings at $0.89 per share on revenue of $398.49 million.
  • Affiliated Managers Group, Inc. (NYSE: AMG) is estimated to report quarterly earnings at $3.53 per share on revenue of $568.38 million.
  • MTS Systems Corporation (NASDAQ: MTSC) is projected to report quarterly earnings at $0.55 per share on revenue of $206.73 million.
  • Ryanair Holdings plc (NASDAQ: RYAAY) is expected to report quarterly earnings at $0.17 per share on revenue of $1.76 billion.
  • Johnson Outdoors Inc. (NASDAQ: JOUT) is expected to report quarterly earnings at $0.39 per share on revenue of $116.79 million.

Companies Reporting After The Bell

  • Alphabet Inc. (NASDAQ: GOOGL) is projected to post quarterly earnings at $10.86 per share on revenue of $39.98 billion.
  • Gilead Sciences, Inc. (NASDAQ: GILD) is expected to post quarterly earnings at $1.7 per share on revenue of $5.48 billion.
  • Seagate Technology plc (NASDAQ: STX) is projected to post quarterly earnings at $1.28 per share on revenue of $2.72 billion.
  • Olin Corporation (NYSE: OLN) is estimated to post quarterly earnings at $0.34 per share on revenue of $1.71 billion.
  • The Hartford Financial Services Group, Inc. (NYSE: HIG) is expected to post quarterly earnings at $0.61 per share on revenue of $4.79 billion.
  • Legg Mason, Inc. (NYSE: LM) is projected to post quarterly earnings at $0.7 per share on revenue of $731.54 million.
  • Regal Beloit Corporation (NYSE: RBC) is estimated to post quarterly earnings at $1.31 per share on revenue of $865.01 million.
  • Kennametal Inc. (NYSE: KMT) is projected to post quarterly earnings at $0.69 per share on revenue of $607.26 million.
  • Fabrinet (NYSE:

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ICE Snags Hundreds Of Illegals With “Pay To Stay” Scheme

Courtesy of ZeroHedge. View original post here.

Immigrations and Customs Enforcement (ICE) netted hundreds of illegal immigrants after setting up a fake university, according to the The Detroit News

The University of Farmington had no staff, no instructors, no curriculum and no classes but was utilized by undercover Homeland Security agents to identify people involved in immigration fraud, according to federal grand jury indictments unsealed Wednesday.

Eight student recruiters were charged with participating in a conspiracy to help at least 600 foreign citizens stay in the U.S. illegally, according to the indictments, which describe a novel investigation that dates to 2015 but intensified one month into President Donald Trump's tenure as part of a broader crackdown on illegal immigration. -The Detroit News

Dubbed operation "Paper Chase," the scheme used undercover Homeland Security agents to identify recruiters and entities engaged in immigration fraud – which collectively received $250,000 in cash and kickbacks to located students to attend the university, according to the indictment. 

"… the university was being used by foreign citizens as a 'pay to stay' scheme which allowed these individuals to stay in the United States as a result of of foreign citizens falsely asserting that they were enrolled as full-time students in an approved educational program and that they were making normal progress toward completion of the course of study," reads the indictment. 

Fraudulent immigration papers were compiled by the recruiters, who would use them to help foreign citizens create fake records, including transcripts, according to prosecutors. 

"We are all aware that international students can be a valuable asset to our country, but as this case shows, the well-intended international student visa program can also be exploited and abused," said US Attorney Matthew Schneider. 

Federal agents arrested dozens of University of Farmington students last Wednesday in a nationwide sweep connected to the arrest of the recruiters. "Students" were brought in on immigration violations and face deportation, according to ICE. 

"It’s creative and it’s not entrapment," said Wayne State University law professor and former federal prosecutor, Peter Henning. "The government can put out the bait, but it’s up to the defendants to fall for it."

Those charged include:

• Bharath Kakireddy,…
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Bottom 5 “Sinkhole” Cities: New York, Chicago Lead The Way

Courtesy of ZeroHedge. View original post here.

Authored by Mike Shedlock via MishTalk,

63 out of America’s largest 75 cities can’t pay their bills, acquired $330 billion in unfunded debt.

Via a report on Watchdog, analysis of the 75 most populous cities in the U.S., shows that 63 of them can’t pay their bills. The total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.

Financial State of Cities

“This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual "Financial State of the Cities" report produced by the Chicago-based research organization, Truth in Accounting (TIA), states.

Bottom 35


Top 5 Cities


Grading the Cities

  • A grade: Taxpayer Surplus greater than $10,000 (0 cities)

  • B grade: Taxpayer Surplus between $100 and $10,000 (12 cities)

  • C grade: Taxpayer Burden between $0 and $4,900 (24 cities)

  • D grade: Taxpayer Burden between $5,000 and $20,000 (31 cities)

  • F grade: Taxpayer Burden greater than $20,000 (8 cities)

Truth in Accounting’s grading system for the 75 cities gives greater meaning to each city’s Taxpayer Burden or Taxpayer Surplus. A municipal government receives a “C,” or passing grade, if it comes close to meeting its balanced budget requirement, which is reflected by a small Taxpayer Burden. An “A” or “B” grade is given to governments that have met their balanced budget requirements and have a Taxpayer Surplus. “D” and “F” grades apply to governments that have not balanced their budgets and have significant Taxpayer Burdens.

What a miserable report.

The most shocking thing is not how bad the worst cities are, but rather some cities in California actually appear to be solvent.

By State

The above analysis is by city. Also consider State Level Liabilities.


Bottom Five

  1. New Jersey: -64,000

  2. Connecticut: -53,400

  3. Illinois: -50,800

  4. Kentucky -39,200

  5. Massachusetts: -33,500

Congratulations Chicago!

On a combined liability basis, Chicago is the winner. Each Chicagoan owes the state $50,800 and the city an additional $36,000 for a total of $86,800 per capita.

New York City residents "only" owe $21,500 to the state plus $64,100 to the city for a grand total $85,600 per capita.

Second City No More!

Winter Is Wreaking Havoc On Electric Vehicles

Courtesy of ZeroHedge. View original post here.

If there’s one thing electric vehicle owners are learning, it is that extremely cold temperatures are likely going to lead to frustration if they don’t take extra special care of their battery powered vehicles. Look at it as just another added benefit to "saving the world".

As we push through the cold that automakers are using as an excuse for poor sales this winter, customers of some companies – notably Tesla – are starting to realize that things are a little bit different with electric vehicles in the winter. Disgruntled owners of Model 3s have been widespread on social media and online forums, talking about numerous issues they’ve had with cold weather on their vehicles. People have complained about battery range draining and Model 3 door handles freezing up.

A new report by Fortune highlights several Tesla owners pointing out their issues: "My biggest concern is the cold weather drained my battery 20 to 25 miles overnight and an extra five to ten miles on my drive to work. I paid $60,000 to not drain my battery so quickly," said New Jersey based Model 3 owner Ronak Patel. 

The pro-EV lot over at InsideEVs stated frankly back in December, "Cold weather demands a long range battery" before also encouraging people to shell out more money: "…if you reside in a colder region and can afford to spring for the long-range Model 3, then come winter, you’ll be glad you made that choice." 

Salim Morsy, an analyst with Bloomberg, stated: "It’s Panasonic that manufactures Tesla batteries. It’s not something specific to Tesla. It happens to Chevy with the Bolt and Nissan with the Leaf."

Additionally, the door design that Tesla used for the Model 3 as part of its appeal to be "different" continues to come back and bite owners during the winter. As we previously had noted during a cold spell in Quebec late last year, owners were having difficulty getting their handles out from their recessed spots in order to open the doors to their car. This has left some owners complaining and others writing to Tesla (or even Elon Musk on Twitter) looking for a fix.

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“Black Monday” At GM: 4,000 Layoffs Expected This Week

Courtesy of ZeroHedge. View original post here.

Just days after we reported of the dismal start to 2019 for the U.S. auto industry, General Motors will begin involuntary layoffs that will leave at least 4,000 workers without a job.

According to the Detroit Free Press, the Detroit auto manufacturer is planning to begin layoffs just days before its fourth quarter earnings report. These layoffs are one of the first pieces of a larger restructuring that CEO Mary Barra announced in November. Five plants in North America are planned to halt production and 14,000 total jobs are slated to be cut.

Part of the restructuring is to realign the company’s infrastructure to produce more electric vehicles. People familiar with the matter stated that the company was actively trying to complete as many layoffs as possible before earnings. GM hasn’t confirmed this, stating: ”We are not confirming timing. Our employees are our priorities and we will communicate with them first.”

“We’ve indicated that the involuntary reductions would happen in the first quarter,” a GM spokesman said.

David Kudla, Chief Investment Strategist of Mainstay Capital, stated on Twitter that the upcoming week would start with “Black Monday at General Motors”. 

In a recent note, he wrote that “GM’s CEO Mary Barra is clearly not timid about making bold decisions to implement radical change, whether it be forging new technologies or the gut-wrenching shuttering of factories. GM is ahead of the pack when it comes to restructuring the business to focus on the future of (electric vehicles) and autonomous.”

Back in November, General Motors offered buyouts to 17,700 employees in North America that had at least 12 years working for the company. It was aiming for about 8000 voluntary buyouts, but as of November 19, only about 2250 workers had accepted them. About 1500 contract jobs have also been eliminated. By rough calculation, this leaves behind about 4200 salaried workers and 6000 hourly employees that will still be targeted for layoffs. General Motors said that half of the hourly employees were located in Canada.

Some of the restructuring also takes place as a result of SUV popularity continuing. Many of the cuts being planned in the United States and Canada are at factories that make sedans and compact cars, which have fallen out of favor. As GM makes these cuts, it has been pumping cash back…
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“I Have Never Experienced This Kind Of Immoral Behavior From A Bank In My Entire Life”: Goldman Slammed In Latest CDS Scandal

Courtesy of ZeroHedge. View original post here.

Not a month seems to pass any more without a major bank or hedge fund getting in hot water for using CDS in a way that was never intended, and now it’s Goldman’s turn, again.

Three months ago, when the loan market was freezing up,  Goldman struck an unusual deal with a group of hedge funds to offload a buyout loan from its books, saving the bank and the funds from potential losses. What was odd, is that Goldman was also serving as the underwriter to the company issuing the loans…while at the same time arrenging a “kicker” to loan buyers by having them bet on the potential insolvency of its own client.

Now, this bizarre arrangement is at the center of a lawsuit accusing the Wall Street giant of gorging on fees while also exposing the acquirer in the buyout, United Natural Foods, to hedge-fund sharks who stand to reap major profits if the company collapses as a result of the incremental debt: according to Bloomberg, United Natural had hired Goldman Sachs for the takeover and is now demanding at least $52 million – and potentially much more – from the bank.

Worse, the distributor of natural and organic foods, specialty foods is absolutely furious at the bank that until recently was its strategic advisor:

“I have never experienced this kind of egregious and immoral behavior from a bank in my entire life,” United Natural Chief Executive Officer Steve Spinner told Bloomberg in an interview after his company filed the suit Wednesday in a state court in New York. Goldman, which until that moment had been retained by United Natural, vowed to vigorously fight the case, calling it “entirely without merit.”

As hinted above, Wall Street’s latest drama once again revolves around the increasingly dysfunctional credit-default swaps market, where hedge funds and others wager on the ability of companies to keep up with their borrowings, only the traditional role of CDS as bankruptcy hedges has long ago given way to more “creative” applications. Indeed, as Bloomberg notes, “again and again, the contracts have played strange roles in debt transactions, sometimes straining allies or encouraging unlikely alliances.

According to the lawsuit, Goldman adjusted the terms on a $2 billion financing deal in a way that allowed hedge funds to reap a windfall from their…
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Zero Hedge

Trash Wars: Duterte Orders Tons Of Garbage Shipped Back To Canada Or Dumped In Territorial Waters

Courtesy of ZeroHedge. View original post here.

Outspoken Philippines President Rodrigo Duterte has ordered that containers carrying trash from Canada should be shipped back to the country. It is the latest chapter in a disagreement over more than 100 containers of trash that were shipped to the Philippines between 2013 and 2014, illegally, by a Canadian company. 

Canada had previously agreed to take the trash back, but has been slow in making arrangements for its return. Duterte threatened to leave the trash in Canadian waters if Ottawa refuses to take it back, according to Salvador Panelo...

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Phil's Favorites

Animal Spirits: The Absence of Stuff


Animal Spirits: The Absence of Stuff

Courtesy of 

Mention Animal Spirits to receive 20% off from YCharts (*New YCharts users only)

Stories Discussed

Best graduation ever


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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...

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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!

Alistair Williams Comedian youtube

This is a classic! ha!

Fundamentals are important, and so is market timing, here at we believe a combination of Gann Angles, ...

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Insider Scoop

55 Biggest Movers From Yesterday

Courtesy of Benzinga.

  • Obalon Therapeutics, Inc. (NASDAQ: OBLN) shares jumped 233.3 percent to close at $1.30 on Wednesday after the company reported expanded data from a large scale commercial use study that was presented at the Digestive Disease Week.
  • Ascent Capital Group, Inc. (NASDAQ: ASCMA) shares jumped 51.4 percent to close at $1.37 after the company announced a restructuring support agreement with Monitronics International.
  • Valeritas Holdings, Inc. (NASDAQ: VLRX) shares dippe... more from Insider

Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control


Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...

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DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University


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More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...

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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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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...

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Swing trading portfolio - week of September 11th, 2017

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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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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