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[ July 1, 2016 | Author: Admin | Views: 35377 | Weather: | Mood: normal]

A massive diamond among the largest ever discovered was recently unearthed in Angola, mining company Lucapa announced Monday. At 404.2 carats, it measures about 7 cm across — about the length of a credit card, Lucapa said. It was mined by the Lulo Diamond Project, a partnership between Endiama, Angola’s national diamond company, Lucapa Diamond Company, and a private investor, Rosas & P茅talas. New York-based diamond retailer Yehuda tested the new diamond’s color and clarity, according to Lucapa, and categorized it as a Type IIa stone — meaning it’s virtually flawless. It’s also D-colored, or entirely colorless, Lucapa said. That is the rarest — and likely most valuable — color grade for a white diamond, according to the Gemological Institute of America. Top Freight Stocks To Invest In Right Now: Select Medical Holdings Corporation(SEM)   Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates specialty hospitals and outpatient … Continue reading

[ July 1, 2016 | Author: Admin | Views: 15546 | Weather: | Mood: normal]

When Warren Buffett dissolved his investment partnership in 1969 to focus on Berkshire Hathaway, the company he had acquired a few years earlier, he recommended that his clients invest in the Sequoia Fund (SEQUX). It was great advicefor more than three decades, anyway. See Also: 5 Good Places to Put Your Money During a Bear Market When I recommended five low-risk funds to Kiplinger readers in August 2011, Sequoia topped my list. Over the previous 10 years through August 31 of that year, the fund had returned an annualized 5.7%, an average of 3.0 percentage points per year better than Standard & Poors 500-stock index. Yet the fund was 18% less volatile than the index over that stretch. Wow! Whats more, because asset bloat can cripple performance, the fund displayed an admirable willingness to limit growth. Sequoia closed to new investors from 1982 until 2008, and again in 2013. Best … Continue reading

[ July 1, 2016 | Author: Admin | Views: 98020 | Weather: | Mood: normal]

Analyzing history as a guide to the future is riddled with caveats, but if you’re mindful of the limitations there’s a mother lode of perspective waiting to be mined in the cause of modeling relationships in macro and markets. One of the more useful techniques in this corner: impulse-response (IR) simulations by way of vector autoregression (VAR) modeling. As econometric applications go, this is a powerful tool for developing perspective on a recurring question in all things economic and financial: What could happen to y if x changes by z percent? [Related -3 Golden Rules That Can Save You From Financial Ruin] There are several ways we can search for an answer, including a simple regression model. But the flexibility and power of a VAR-based IR simulation presents a number of benefits over the usual suspects. Rasim Jafarov, an economist at Dundee Capital Markets in Toronto, tells The Capital Spectator … Continue reading

[ July 1, 2016 | Author: Admin | Views: 72433 | Weather: | Mood: normal]

Stock futures were pointing to a higher open this morning after the European Central Bank cut interest rates, increased the amount of bonds it would buy and even said it would purchase corporate debt. Since then, however, stocks have slipped into the red as, with one phrase, ECB chief Mario Draghi managed to undo the market’s positive reaction to those steps. KAI PFAFFENBACH/REUTERS The S&P 500 has dropped 0.4% to 1,981.42 at 11:20 a.m. today, while the Dow Jones Industrial Average has fallen 0.5% to 16,909.83. The Nasdaq Composite is off 0.7% at 4,643.07. The S&P 500 had been up as much as 0.8%. The euro has gained 1.6% against the dollar. Strategas Research Partners’ Mary Catherine Sinclair explains how Mario Draghi disappointed the markets once again: The ECB announced a kitchen sink easing package this morning that exceed the markets expectations. In addition to lowering all three of its … Continue reading

[ July 1, 2016 | Author: Admin | Views: 29165 | Weather: | Mood: normal]

BofA Merrill Lynch strategist Savita Subramanian and team cut their S&P 500 target to 2,000 today, citing “greater risk.” Reuters That S&P 500 target of 2,000 is down from 2,200, and while that’s still higher than the popular benchmark is trading today, Subramanian says there could be “significant near-tern downside to current levels” unless economic growth picks up. Among the bigger risks: A lack of liquidity in the markets. She says that the S&P 500′s current drop has been exacerbated by “the dearth of liquidity in financial markets amid the tightest regulatory backdrop of our careers.” Still, “it’s not all bad news,” Subramanian says. She highlights the improvement in the ISM manufacturing survey, the Atlanta Fed GDPNow, and other measures that could be pointing to a pickup in economic growth. Top 10 Integrated Utility Companies To Buy For 2016: Gap, Inc. (The)(GPS)   The Gap, Inc. operates as an apparel … Continue reading