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Comment by stockbern

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  1. stockbern

    from HRB earnings:

    H&R Block (HRB) CEO Jeffrey Jones on potential legislative headwinds… Just take one step backwards as we evaluate the tax reform going back over a year ago, we have done our own historical look at each time there had been a major change to tax law over history and obviously with our history, we're able to look back a long time and what we saw was never in history has there been a change to the tax law that created a significant shift in method type. So as we prepared for tax legislation changes, we had that as a backdrop. And I think when we look at this season there were a lot of interesting dynamics starting with tax reform, then the government shutdown. We saw a shift from assisted to DIY as you said consistent with what we've seen in the last four or five, six years. We didn't see it accelerate at all. And we saw consumers looking for help in lots of different ways as evidenced by our trajectory in assisted, as evidenced by our growth in things like Tax Pro Review where consumers were looking for advice and making sure that they were making the right choice whether it was choosing us to do their taxes or validating the work they had done themselves. And we think that that ecosystem that we're building to serve consumers in so many different ways is a great way to make sure we're listening to the consumer and being able to respond to them again whether they have a simple question or want someone to do all the work for them.







Comment by stockbern

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  1. stockbern

    from HRB earnings:

    H&R Block (HRB) CEO Jeffrey Jones on potential legislative headwinds… Just take one step backwards as we evaluate the tax reform going back over a year ago, we have done our own historical look at each time there had been a major change to tax law over history and obviously with our history, we're able to look back a long time and what we saw was never in history has there been a change to the tax law that created a significant shift in method type. So as we prepared for tax legislation changes, we had that as a backdrop. And I think when we look at this season there were a lot of interesting dynamics starting with tax reform, then the government shutdown. We saw a shift from assisted to DIY as you said consistent with what we've seen in the last four or five, six years. We didn't see it accelerate at all. And we saw consumers looking for help in lots of different ways as evidenced by our trajectory in assisted, as evidenced by our growth in things like Tax Pro Review where consumers were looking for advice and making sure that they were making the right choice whether it was choosing us to do their taxes or validating the work they had done themselves. And we think that that ecosystem that we're building to serve consumers in so many different ways is a great way to make sure we're listening to the consumer and being able to respond to them again whether they have a simple question or want someone to do all the work for them.







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Comment by millardd2010

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  1. millardd2010

    Phil, Thoughts on MAC, it has dived so yield is 8%??







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Comment by roberthjrfl

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  1. roberthjrfl

    Phil, where can you go to see the information you shared with us concerning the $35 billion market cap on one of their loan covenant?  That is really great information and if I was a bear i would be hammering them to drive them under.







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Comment by phil

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  1. phil

    I still have the 2 long /RBN19 with a $1.9815 avg and I won't add another (1) unless it drops me to $1.97 so about $1.95 is my spot to add.   It's about 0.02 lower than the front-month contract.

     

    The math for the stocks of 5/17 are still wrong on the Petroleum Status Report, should be more like 1,908 - massive difference so I don't see any reason not to be bullish.  Goes for /CL too at $61 and I'd DD around $60 and stop below that line or if /BZ fails $70, which should come sooner.  

    And Honey badger got bit by a snake!

    Maybe if the Pound stops collapsing:

    Due to the massive error in the EIA report, I think Oil (/CL) and Gasoline (/RB) Futures are oversold at $61.20 and $1.986 respectively.  July is the front-month contract now, /CLN19 on oil but /RB runs 6 more days in the June contract (/RBM19) and I prefer to play July (/RBN19), which happens to be 0.02 cheaper at $1.963.







 
 
 

Phil's Favorites

The Investigation: A Search For the Truth in Ten Acts.

Tune in to a star-studded live stream event ripped straight from the pages of the Mueller Report called The Investigation: A Search for the Truth in Ten Acts.

...

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Zero Hedge

2 Year Auction Unexpectedly Strong Just As Powell Pours Cold Water On Treasuries

Courtesy of ZeroHedge. View original post here.

In the chaos over Powell's unexpectedly less dovish comments which hit the tape at exactly 1pm, when sent stocks lower, and the dollar and bond yields sharply higher, the primary market had no time to react as it had already submitted its indications for today's $40 billion 2 Year auction when Powell suddenly pulled the rug from under the bond market, sending 2Y yields higher and yet since there was solid demand for the auction before Powell's commentary, the sale of 2Y bonds was a smashing success, stopping at a high yield of 1.695%, 1bp inside the 1....



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ValueWalk

Beyond Meat vs Impossible Burger: Comparing The Vegan Meat Burgers

 

Beyond Meat vs Impossible Burger: Comparing The Vegan Meat Burgers

Courtesy of Vikas Shukla, ValueWalk

Pexels / Pixabay

The trend of vegan food has been gathering momentum in the last few years as people become more health conscious. They have also begun to realize the environmental impact of raising meat for human consumption. According to PETA, it takes an estimated 1...



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Kimble Charting Solutions

Wilshire 5000 Creating A Triple Top? An Important Breakout Test Is In Play!

Courtesy of Chris Kimble.

The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000.

The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index that carries significant importance when gauging the health of the overall US stock market.

Looking at the long-term “weekly” chart above, it is pretty clear that the index is at an important price juncture.

The Wilshire 5000 spent the last 25 years trading within a rising price channel (1)...



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Insider Scoop

Jefferies Upgrades Deere, Cites 'Significantly Improved Farmer Income Outlook'

Courtesy of Benzinga.

Farmer buying power will remain pressured for 2019, but this will change for the better next year and will help support Deere & Company (NYSE: DE), according to Jefferies.

The Analyst

Jefferies' Stephen Volkmann upgraded Deere from Hold to Buy with a price target lifted from $150 to $190....



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Chart School

Formula for when the Great Stock Market Rally ends

Courtesy of Read the Ticker.

When valuations for the boring water company or the boring electric company is trading like your Facebook, Apple, Amazon or Netflix or Google (ie FANG) you know something is wrong.

This is when a seriously over valued market is screaming at you.

Of course the reader must understand in a world where money printing goes super nuts (Zimbabwe style) the stock market may go hyper inflationary and picking a time frame for a top is never a good idea, but we are not there yet. There is no Ben Bernanke helicopter money to the masses yet (ie MMT). 

To see when water company's (and such like) are nearing the crazy FANG like valuations a review of the Dow Jones Utility Index channel shows us how history can repeat. The c...

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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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Biotech

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

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

 

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

If you’ve got the raw data, why not mine it for more info? Sergey Nivens/Shutterstock.com

Courtesy of Sarah Catherine Nelson, University of Washington

Back in 2016, Helen (a pseudonym) took three different direct-to-consumer (DTC) genetic tests: AncestryDNA, 23andMe and FamilyTreeDNA. She saw genetic testing as a way...



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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

Excerpt:

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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OpTrader

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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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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