The allure of the largest U.S. technology companies is understandable given significant returns last year, but their sheer size is the reason for their eventual downfall and long-term stock underperformance, according to Rob Arnott, founder of Research Affiliates.
Source: ThinkstockUntil about 2008 or so, discussion about the future price of crude oil was directed by the concept of peak oil. That is, when does the world reach peak production, after which the price of crude will skyrocket. In less than a decade, the discussion is now focused on the concept of “peak demand,” the point at which global demand for crude begins to decline.
The last time I wrote about Alibaba (BABA) was in June 2015 in the article titled:
Alibaba: Turnaround in Play, Current Stock Strength Will Continue
At the time the article was written, the stock was trading at about $90, since then the price increased about 88%. Alibaba is achieving strong year-over-year revenue and earnings increases. I see plenty of further growth ahead for the....More>>>
What the Biggest BDs Are Saying About Trump’s Fiduciary Order
Sen. Warren: Fiduciary Rule Delay Would Hurt Financial Services Firms
The House Financial Services Committee will zero in this Congress on Dodd-Frank Act implementation, with a likely rollback of the law with the reintroduction this week of Rep. Jeb Hensarling’s Financial....More>>>
AMD remains our favorite semiconductor stock despite market volatility sending shares lower for the past week. Notwithstanding the discrepancy in valuation, we like the underlying fundamentals of AMD and expect the share price to trade higher upon confirmation of solid Q2’17 and Q3’17 earnings results.
Furthermore, the stock price likely exhibits momentum from here, assuming asset....More>>>
June 5, 2017: Markets opened lower Monday following a report that several Middle East oil producing nations have cut ties with Qatar due to that country’s support for terrorism. The energy sector ended up being the best performer for the day, but that was not enough to offset poor performers like the utilities and materials sectors. WTI crude oil for July delivery settled at $47.40 a barrel,....More>>>
On Monday, our Under the Radar Moversnewsletter suggested shorting small cap secure technologies stock Document Security Systems (NYSEMKT: DSS):
This one’s been on our watchlist for a while, but finally gave us the clues we’ve been waiting on. One of them is the upside-down hammer-shaped bar from Wednesday, and the follow-through — to the downside — since then. Today’s....More>>>
Senate prepares to vote on skinny ACA change proposal
Vice President Breaks Health Bill Debate Tie
U.K. regulators set out plans for ensuring senior staff of financial-services firms can be held to account for misconduct on their watch, extending rules already in place for banks to almost all firms.
When buying a home, the most important numbers for mortgage lenders are the buyer’s credit score and the buyer’s debt-to-income ratio. The first is a summary of how the buyer has been managing debt and the second indicates whether the lender can reasonably expect the borrower to be