We’re going to look at a few items this week. With spring upon us, it seems appropriate to survey the scenery before the heat of summer and that sweaty July madness arrive and make it hard for us to think. We’ll begin with what could only be considered a schizophrenic trade in silver. A quick […]
Summertime Blues (GS) OK, so it was the Fourth of July, and a lot of folk took leave from the markets, but does that really explain it? We’re talking about a significant decline in trading volume that occurred at the end of last week amidst a market rise that now, on second glance, is […]
The Denizens of Intelligenz (WWE,GLD,SO,NFLX) By definition, exactly half the population possesses below average intelligence. And that’s not a comfortable statistic. So who’s the dumb ones? Well, it certainly doesn’t break down on socio-economic lines. Don’t think, for example, you got smarts because you got cash, Giles. It don’t work that […]
Behind the Scenes and Under the Radar (SO,NFLX,FXI) It’s a political world, friends. Has been for a while. Everything that’s done or said or written these days, it seems, is employed to further an agenda. Truth be damned, is what it’s all about; let ‘the story’ carry the day, whatever it may […]
Oil vs Wheels (IYT,USO) It’s the interplay between the following two factors that we’re keeping our eye on these days, the better to apprehend the market’s immediate trajectory: oil and ‘market leaders’. We’ve discussed this combo before, and how they work together. The ‘leaders’ are the current sexy tech group, not related […]
Did anyone catch that drop in Tesla shares last Friday? A drop of over thirteen bucks that sent six percent of the company’s market cap up to money heaven. And all on the back of our call last Monday to stay the hell away from this puppy. What Caused it? Good question. Over the last […]
With the United States’ energy policy focused on ramping up domestic production to reduce foreign oil dependence, shares of alternative energy companies have been in demand so far in 2014. The prices of many stocks even remotely associated with hydrogen fuel cells, for example, have experienced at least a temporary run-up, as have bio-fuel issues. […]
If you’ve ever bet on sporting events, then you probably know that professional handicappers look for strong trends to help determine winners and losers. In the stock market it’s no different—with the exception that uptrends in stock sectors are generally more reliable for generating profits than their sports counterparts. This year, it’s all about fuel […]
Markets were headed higher on Monday morning as manufacturing output posted the largest gains in nearly six months. The Federal Reserve announced that production was up 0.9% in February, a gain not seen since last August. This surpassed economists expectations of a 0.2% gain for the index. In January there was a 0.9% drop for […]
Markets were headed slightly lower on Friday morning after the U.S. producer prices index dropped in February. The Labor Department announced that the seasonally adjusted producer price index fell 0.1%. This was below the 0.2% increase economists were expecting. The dip was partially attributed to a drop in costs for services. The data shows little […]
It’s now to the big wheels and wings of the weapons industry that we turn our attention, to reiterate and update some sentiments we first offered on the sector back in mid-November of last year in a letter called Oh, the Outrage!
Shares of McDonald’s (MCD) were trading lower after the company announced that their sales fell in February. The company said that sales were down 1.4% at established chains in the U.S.
The Labor Department reported that there were an addition of 175,000 new jobs added in February even with the harsh winter weather that swept across the country.
Just a couple of items, friends, before we get carried away and all hell breaks loose.
The first issue is Tesla (NASDAQ: TSLA), the company that built a magic car that flies you to the moon and back and pays you cash money for your trouble.