We continue to believe that financial stocks are quite undervalued as well. During the quarter we made a new investment in Ally Financial (NYSE:ALLY). Ally was founded nearly a century ago as General Motors Acceptance Corporation. Its purpose then was to provide financing to GM dealers and retail customers. Today, Ally is no longer owned by GM. It serves a wide variety of dealers (including Ford,....More>>>
Bond traders are ignoring the buds of inflation.
Many investors have argued that the absence of more robust wage growth and higher consumer prices will keep a lid on yields, but a closer look at the data show the Treasury market could be blindsided by a pick-up in wages and thus inflation, said Torsten Slok, chief international economist for Deutsche Bank.
Putting together an average....More>>>
Small cap Nexus Gold Corp (OTCMKTS: NXXGF; CVE: NXS) has received a new work permit for its Bouboulou Gold concession located in Burkina Faso, West Africa. The new permit has an initial term of three years and can be renewed twice for a total term of nine years. The Bouboulou exploration permit covers an area located on the Boromo-Goren greenstone belt of 38.8 -sq km approximately 75 kilometres....More>>>
On June 21, 2017, an Ethereum “flash crash” sent cryptocurrency owners into a full-fledged panic. The Ethereum price crashed to a low of $0.10 from $319 on the GDAX cryptocurrency exchange. Shortly after the event, GDAX Vice President Adam White wrote in a June 21 blog post that there were no indications of wrongdoing.
The temporary crash, which reportedly took place in a....More>>>
Republican leaders have a lengthy list of talking points about the shortcomings of the health law.
Shortly before his inauguration last month, Donald Trump said that it “is a complete and total disaster. It’s imploding as we sit.” And the GOP can point to a host of issues, including premium increases averaging more than 20% this year, a drop in the number of insurers....More>>>
Our Top Pick for more aggressive investors has been volatile since private capital firms Riverstone Holdings and Carlyle Group rolled it out as a “yieldco” to the public in September, 2013, notes Roger Conrad, editor of Conrad’s Utility Investor.
Now priced to yield 8.6 percent, Pattern Energy Group (PEGI) trades 14 percent below its IPO price of $22 per share. That....More>>>
Investment company Wintergreen Fund buys Lotte Confectionery Co, LiLAC Group, sells Altria Group, The Swatch Group AG, JC Decaux SA during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Wintergreen Fund. As of 2016-12-31, Wintergreen Fund owns 25 stocks with a total value of $407 million. These are the details of the buys and sells.
For the second week of October, we have four companies expected to go public on our upcoming IPOs calendar. These four companies could raise a combined $768 million, according to Renaissance Capital, a manager of IPO-focused ETFs.
Three of the upcoming IPOs this week are in the energy sector, and one is in the communication sector.
In terms of potential deal size, Extraction Oil....More>>>
Ford (NYSE:F) is known for its attractive valuation, it currently trades at around 7 times its 2017 projected earnings and has an attractive dividend yield of 5.36 percent. It also has a very low price-to-earnings ratio (P/E) compared to most other companies on the S&P 500. The stock trades at around $11 during the time I am writing this. However, after digging a little deeper, I have found....More>>>