Stocks
The Best Way To Profit From QE3
Following August’s lackluster jobs report, the Fed has decided to take additional steps to boost economic growth and curtail unemployment. In case you missed it, Fed Chairman Ben Bernanke made a critical announcement late last week. He said the central bank is officially launching a third round of quantitative easing (QE3). Under the plan, the […]
Economists Do About Face – Say QE3 Coming This Week!
In my article from two weeks ago, Will He Or Won’t He?, I discussed the odds of Fed Chairman Ben Bernanke announcing a new round of quantitative easing at the Jackson Hole, Wyoming conference. And as I expected, Mr. Bernanke held off on making any such grand pronouncement. Instead, the beleaguered Fed Chairman used the […]
Americans Are Loading Up On Guns…
‘Go ahead punk, make my day…’ The quote made famous by Clint Eastwood in the 1971 movie, Dirty Harry, is most likely being repeated by Smith & Wesson (SWHC) CEO James Debney this morning. Why? Debney’s company announced fiscal first quarter 2013 earnings after the close last night. And after seeing the results, it’s fair […]
Will He Or Won’t He?
All eyes turn to the sleepy little ski resort town of Jackson Hole, Wyoming this week. The Kansas City Fed is holding their annual Economic Policy Symposium. And investors are waiting with baited breath for Ben Bernanke to provide clues about the Fed’s next move on monetary policy. Many are expecting a repeat of the […]
Groupon (GRPN) Slide Continues
The last time we checked in on the global leader in “daily deals” it wasn’t a pretty sight. The social media darling had been caught red-handed by its own auditors engaging in overly aggressive accounting. See the full story in my April 2nd article, Groupon Caught Cheating! According to Ernst & Young, Groupon failed to […]
The S&P 500 Is Pushing Yearly Highs… What Now?
In case you haven’t noticed, the bulls are loose on Wall Street. After a nasty correction earlier in the year, major indexes are now on the verge of pushing to new yearly highs. In fact, the Nasdaq 100 is within spitting distance of its late March high at 2,794. What’s more, the Dow is within […]
Time To Buy Facebook Stock?
Facebook (FB) shares hit the market in May through one of the most highly anticipated IPO’s of all time. But the “can’t miss” stock has so far failed to live up to the hype. Since its debut at $38 per share, FB has shed more than 42% of its value. And with shares now trading […]
Sectors To Watch: Are Gold Mining Stocks Losing Their Luster?
Gold mining stocks have had a rough year. Over the last twelve months, Market Vectors Gold Miners ETF (GDX) has fallen 34%. But the ETF has bounced back lately. GDX has rallied 11% from the 52-week low of $39.08 it reached in May. The main reason for the miners’ poor performance has been falling gold […]
Citigroup Creator Says Break Up The Big Banks
The banking industry was sucker punched late last week by an unlikely assailant. Former Citigroup Chairman and CEO, Sanford “Sandy” Weill, appeared on CNBC’s Squawk Box and called for breaking up America’s big banks. Here’s what he said… “What we should probably do is go and split up investment banking from banking. Have banks be […]
Four Reasons Why I’m Getting Bullish On The Market… Part II
Last Monday, I began telling you about four reasons why I’m starting to feel more bullish about the market. If you missed the article, you can find it here – Four Reasons Why I’m Getting Bullish On The Market. In that article, I discussed the first two reasons why I’m feeling more positive about the […]
