One of the things about a free market economy and the corresponding stock market is that investors are free to overpay at any time. Sometimes you cannot stop massive over-payments with a Sherman tank. Group think takes over so that if enough investors over-pay, then the company must obviously be worth more. A game of musical chairs begins as the bull romps onward and upward. But the game gets out....More>>>
The stock market saw some volatile movements on Wednesday, and major market benchmarks moved in different directions in response to crosscurrents across the various sectors of the economy. On one hand, macroeconomic strength showed up in a favorable boost in private payroll figures, which confirmed the sense that the employment picture continued to improve. Yet the move also made a March interest....More>>>
The Zephirin Group’s Longdley Zephirin contends that the oil market “needs to collapse before it can improve” but that didn’t stop him from upgrading Transocean (RIG), Diamond Offshore Drilling (DO), Ensco (ESV), and Rowan (RDC). He explains why:
In our opinion, the industry and investors are waiting for oil prices to increase to propel the industry forward for the....More>>>
After five weeks of consecutive gains, the major U.S. stock indices closed in the red last week. They were led lower by the Russell 2000, which declined 2%.
In the March 14 Market Outlook, I said that a chart pattern in the Russell 2000 targeted an eventual 19% decline to 880 as long as the 1,096 area loosely held as overhead resistance. The small-cap index traded as high as 1,104 on March....More>>>
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Yet another profit upgrade sent Fever-Tree Drinks Plc shares soaring in early London trading, propping up an already giddy valuation for the U.K. maker of premium tonic water and lemonade. Shore Capital analysts say that while they can see the growth opportunity, a price-to-earnings ratio o
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W