Earlier this year, Stanley Fischer laid down the law to the marketplace. He lambasted markets for their unrealistic pricing. In the great American tradition of Jonathan Edwards, the protestant preacher whose famous sermon “Sinners in the Hands of an Angry God” warned what would happen to those who transgressed, Fischer warned market participants of a year to come much different from....More>>>
An economy begins to grow, picks up steam, peaks, slows down, and eventually contracts. The process is known as the business cycle – an inevitable progression from expansion to recession to renewal and recovery.
Central bank policy makers have been trying to eliminate recessions from the picture since the 1990s. Some folks believe that their prescriptions – lowering overnight....More>>>
PayPal Holdings, Inc. (NASDAQ: PYPL) reported first quarter financial results after markets closed Wednesday. The company posted $0.44 in earnings per share (EPS) and $2.98 billion in revenue, versus consensus estimates from Thomson Reuters that called for $0.41 in EPS and $2.94 billion in revenue. The same period from last year had $0.37 in EPS and $2.54 billion in revenue.
During the quarter....More>>>
U.S. stock market investors are taking a Hillary Clinton victory over Donald Trump for granted, leaving themselves vulnerable to a Brexit-style surprise, analysts warned.
See: FBIs Clinton probe is a black swan that could swing the election: Citi
Read: Expect jittery, jumpy markets as FBI investigation continues to unfold
Financial markets are thought to have largely priced....More>>>
Big 5 Sporting Goods (NASDAQ:BGFV) is a sporting goods retailer that doesn’t even crack the top 20 U.S. sporting goods retailers1 despite being in business since 1955 and going public almost 15 years ago. Despite little to no growth, no competitive advantage and a single-digit ROI profile, investors have bid up shares to 25x earnings or 9x EV/EBITDA based on a one-time....More>>>
Our primary purpose is to assist subscribers in growing their capital and income base to generate cash for their current and future needs, explains Kelley Wright, editor of Investment Quality Trends.
To that end we believe that shares of high quality stocks purchased at a historically repetitive area of low-price/high-yield offers the greater potential for downside protection and upside....More>>>
European Pressphoto Agency
An upbeat reading on U.S. retail sales isnt enough to keep U.S. stock indices from tanking today. The Dow dropped more than 200points in late afternoon market action.
The Dow Jones Industrial Average dropped 1.19% and the S&P 500 fell 1% while the Nasdaq Composite fell 0.6%.
Energy and financial shares in the S&P 500 led the declines with the....More>>>
Penn West Petroleum Ltd. (NYSE:PWE) has been to the financial cliff and back again. The achievements of the last two years are probably top 1% in many areas. There was a little trepidation as the latest announcement saw more changes in senior management. For many shareholders, those senior managers that were leaving were the best shareholders had seen in a long time. But the reason for leaving is....More>>>