As some readers may have noticed, this year I started running a conservative portfolio “Conservative PA”. This is in addition and supplemental to the two contrarian (“High Octane”) and value based (“Buy and Hold” other portfolios that I manage. The principle objective is to grow the principal in a conservative and risk adjusted manner (trying to hit a lot of singles).....More>>>
The Nifty in the previous session ended 0.29percent lowerat 10,741.10. It opened on positive note above 10,800-levels and got sold off towards ending the session with a bearish candle.
Ending the session with a bearish candle nearer to days low suggests, it may once again challenge supports placed around 10,700 levels. Next most crucial midterm upward trend line support....More>>>
Axa SA is in advanced talks to buy XL Group Ltd., a property and casualty insurer with a market value of $11 billion, people familiar with the matter said.
A deal could be announced in coming days, said the people, who asked not to be identified because the matter isn’t public. XL has also attracted interest from insurers including Germany’s Allianz SE, Bloomberg reported....More>>>
The stock market is on fire. The Dow just zoomed another 300 points and closed above 26,000 for the first time.
The latest rush to buy stocks left the average up almost 8,000 points since President Trump’s 2016 election.
The rally on Wednesday gave the Dow its best percentage gain since since November. And it showed that the upward trend remains intact despite a big reversal....More>>>
October 12, 2017: Markets opened lower Thursday, bounced higher at midday, and then sank again. Unimpressive earnings from two of the country’s largest banks didn’t help and a move higher on the producer price index was attributed to higher energy prices due to hurricanes in the Gulf. Utilities and real estate were the big sector winners today, while telecom and financials lagged. WTI....More>>>
President-elect Donald Trump has tapped Steven Mnuchin, a former Goldman Sachs Group Inc. (NYSE: GS) partner and active movie financier, to be the new Treasury secretary of the United States.
This means the 53-year-old one-time Wall Street banker will soon be the new face of the U.S. economy. And as such, he will cosign our currency, collect our taxes, manage the nation’s debt,....More>>>
NewmontMining Corp. (NYSE: NEM) reported fourth-quarter and full-year 2016 earnings after markets closed Tuesday. For the quarter, the gold miner posted adjusted earnings per share (EPS) of $0.25 on revenues of $1.79 billion. In the same period a year ago, the company reported a loss per share of $0.03 on revenues of $1.82 billion. Fourth-quarter results compare to the Thomson Reuters consensus....More>>>
Over time, most actively managed funds fail to beat Standard & Poors 500-stock index. No one with any sense questions that. But the S&P 500 has been on a tear over the past few years, making it difficult for even first-rate actively managed funds to keep up with the index. That makes it precisely the wrong time to plow money into an index fund that tracks the S&Pwhich millions....More>>>
Small cap Mediterranean restaurant stock Zoe’s Kitchen Inc (NYSE: ZOES) reported Q1 2017 earnings after the market closed yesterday withresults basically meeting Wall Street expectations, but shares are sinking more than 10% in premarket trading. Total revenue increased 12.6% to $90.6 million as comparable restaurant sales decreased 3.3% consisting of a 4.6% decrease in transactions and product....More>>>
March 15, 2017: Here are four stocks trading with relatively heavy volume among 56 equities making new 52-week lows in Wednesday’s session. On the NYSE, advancers led decliners by more than 8 to 1 and on the Nasdaq advancers also decliners by nearly 3 to 1.
Frontier Communications Inc. (NASDAQ: FTR) posted a new 52-week low of $2.31 on Wednesday, down about 4.1% compared with Tuesday’s....More>>>