1. Blame the bonds: The normally boring bond market is causing serious drama on Wall Street.
An avalanche of selling sent the Dow and S&P 500 careening 5% lower last week, one of the stock market’s worst weeks since the 2008 financial crisis.
The culprit: Rapidly rising bond yields are alarming investors who got hooked on a decade of low interest rates.
Following the 2014 crash in oil prices, a number of leading market commentators concluded that the era of geopolitics mattering for the oil market was over.
In their view, short-cycle U.S. production was waiting in the wings to fill any supply gap and would swiftly cap any price upside. It was in this context that OPEC’s obituaries once again abounded, with the sovereign producer group....More>>>
. (Photo by Jes Aznar/Getty Images)
Philippines President Rodrigo Duterte is fighting two wars: a diplomatic war in the South China Sea, and a real war against corruption and drug trafficking at home. He doesn’t seem to know what he’s doing in either of them, leaving the country deeply confused, divided, and at odds with friends and neighbors.
The fear over 10-year U.S. Treasury yields breaking through 3 percent has been a long time coming, according to Societe Generale SA.
“Interest rates are already doing damage, people just haven’t noticed,” Andrew Lapthorne, the firm’s global head of quantitative strategy, said in an interview Tuesday. “Leverage in the U.S. is grotesque for this stage of the....More>>>
We all know financial stocks have gone through the roof since President Trump’s win. So the question becomes: what do we do with these companies now?
There’s no one answer for every financial stock, of course.
Some are still great, undervalued buys—but there are two that have gotten grossly overvalued and should be avoided, or sold if you hold them. (Below, I’ll....More>>>
First Financial Bank (NASDAQ:FFBC) Chairman Claude E. Davis sold 19,379 shares of the stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $32.19, for a total transaction of $623,810.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Claude E. Davis also recently made the following....More>>>
Small cap extreme-value retailer (for pre-teens, teens and beyond) Five Below Inc (NASDAQ: FIVE) reportedQ2 2017 earnings after the Wednesday market close with results beating expectations thanks todemand for fidget spinner toys plus the Company lifted full-year guidance above consensus estimates. Net sales increased by 25.0% to $516.2 million as comparable sales increased by 6.1%. Net income was....More>>>
Energy investors are making a big mistake… They're "bottom fishing" in the major oil and gas stocks… trying to catch the bottom. This, of course, is a bad idea. Energy stocks have been crashing this year. But expectations are still high. History tells us this kind of bottom fishing won't end well. The smart move is to wait for a better entry point....More>>>
Comerica Securities Inc. acquired a new stake in Cabot Oil & Gas Co. (NYSE:COG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 103,688 shares of the oil and gas exploration company’s stock, valued at approximately $2,486,000.
Several other institutional investors and hedge funds have also recently....More>>>
U.S. natural gas producers discovered Mexico two years when the country lifted decades-old restrictions on private investment in the country’s energy business. U.S. companies working in every aspect of the energy business began making plans to enter the Mexican energy business.
That includes pipeline companies like Kinder Morgan Inc. (NYSE: KMI), which already operates a pipeline transporting....More>>>