The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 425.9 million barrels. The commercial c
First, two quick notes about Nota bene #4. There’s a small correction, for starters: The sums done by Rebecca Goldin at George Mason (thanks again, Rebecca!) were based on children under 6, not children 6 and under.
Secondly, I got quite a lot of feedback about lead incidence over time, saying essentially that the levels of lead which we’re very worried about today were commonplace....More>>>
A number of years ago, Warren Buffett referred to derivatives as “financial weapons of mass destruction.” Since then, Wall Street has tried to pooh-pooh this description, but the facts speak for themselves.
See Also: 7 Best Dividend Stocks for a Rocky Market
What is a derivative? Basically, it’s a bet couched as a complex financial instrument. Investopedia defines....More>>>
Bond guru Bill Gross is pulling a Flavor Flav. He’s telling people to not believe the Trump hype.
Gross, formerly one of the top dogs at fixed income powerhouse PIMCO and now a fund manager with Janus, wrote in his most recent monthly outlook that investors are too excited about Trump. He thinks Trump’s economic promises are too grand.
bebe stores’ (NASDAQ:BEBE) fiscal second-quarter report had something for the bulls and the bears. A -10.5% comparable sales figure in the key holiday quarter lends support to the “what are you thinking buying this declining business?” bear case. But a few green shoots – most notably positive free cash flow for the first half – give some comfort to BEBE bulls. And,....More>>>
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t:
Wednesday’s sudden jump in oil prices caught most traders off guard. While all traders were aware that OPEC was holding a meeting in Algiers, few actually believed that this dysfunctional cartel of oil producers, whose members have a long history of violating their promised production limits, would actually reach a consensus. Because two key OPEC members, Saudi Arabia and Iran, have been at....More>>>
A few weeks ago we discussed how you can make 12% annually, forever, from stocks. Now let’s apply those lessons to 2017, and highlight five that should do even better (17%+ returns) this year (and likely beyond).
Remember, projecting our returns from any given stock is simple. We simply add together the three ways it can pay us:
Donald Trump’s election has proved a boon for shareholders of Sprint (S) , on the premise that a Republican administration would be open to a merger of the carrier to T-Mobile USA (TMUS) . Regulators under Obama had pushed back against Sprint Chairman Masayoshi Son’s goal of combining the U.S.’s third- and fourth-largest carriers.
While Sprint dropped nearly 1.9% to $7.35....More>>>
Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:
During 2Q16, the gold price averaged $1,255/oz, a $71/oz....More>>>
The Wheel of FORTUNE just concluded an interview, part of SA partnership with Cheddar TV to produce a Seeking Alpha "Idea of the Month" slot. These interviews are always a challenge because i) they are very short in nature (only 4-5 minutes), and ii) since it's live TV we are dealing
Pico Far East Holdings (OTC:PCOFF) [HKG:752], Asia's largest exhibition services provider, trades at an ex-net cash trailing P/E of just 10 times. This represents attractive valuations for a market leader which has generated 15-20% ROEs in the past decade and also has been profitable and free c
Have you ever "unplugged" from your cell phone? If you have, you've likely experienced the phenomenon of phantom vibrations -- the perception that your phone is ringing or vibrating when in fact it's not. (In the 1990s, people reported incidences of "phantom pager syndrome.")