stock market on Townhall
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Ransom Notes RadioIf Apple’s CEO Tim Cook did one thing, he illustrated the absurdity of our corporate tax code. Chris Edwards, from the Cato Institute, joined John Ransom to talk about the absurdity of corporate taxes and the Senate’s misguided hearing. ... more
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Going Japanese on Housing Fri May 24Bill TatroSince last November and the advent of Abenomics, the Nikkei has appreciated approximately 85%. Even if that rapid rise was based solely upon solid fundamentals, it shouldn’t be questioned that the parabolic move was definitely due for a pullback. ... more
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The S&P 500 Snaps into Focus Sun May 19Political CalculationsIt would appear that investors have shifted their forward-looking focus to 2014-Q1 in setting the pace of change for U.S. stock prices. Following the period after the fiscal cliff reaction of 15 November through 20 December 2012, they had been focused mainly on 2013-Q2. ... more
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Crista HuffA breach of contract lawsuit against Yahoo! Inc. and Yahoo! Mexico has been dismissed by an appellate court in Mexico, along with the $2.75 billion fine which was awarded to plaintiffs in 2012. ... more
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Jerry BowyerWhen one takes a step back and looks at the broad sweeps of economic and financial history, then speculations about whether this manager is in or out, or this company will beat or meet or miss expectations, or what will be in this month’s ISM or GDP revision all sort of fade away, and a bigger picture emerges. ... more
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Crista HuffGoogle’s earnings are expected to grow 15-18% per year for the next three years. The PE is 19.9. Google has $48 billion in cash-on-hand. ... more
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Stocks in the News: Macy's, Deere, Citigroup Thu May 16Crista HuffCitigroup has agreed to sell its Brazilian banking unit to Itau Unibanco, which will bring Citigroup a $300 million after-tax gain. ... more
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When Should You Sell Your Stocks? Wed May 15Political CalculationsWe'd be happy to tell you what's going to happen next, but we don't like to repeat ourselves and we're not sure if we haven't already. ... more
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A Big Week for the S&P 500 Tue May 14Political CalculationsEven if stock prices stay flat, this will be a big week for the S&P 500, because this is the week that three of the largest companies that compose the market-cap weighted index will be determining who owns their stock for the purpose of paying out dividends for 2013-Q2. ... more
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Stocks in the News: Priceline, Mosiac, Teva Tue May 14Crista HuffPriceline.com reported earnings of $5.76 per share, embarrassing Wall Street’s $5.27 estimate, on a continued surge in international hotel bookings. ... more
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Playing the S&P 500's Wild Cards Sun May 12Political CalculationsOver the past several weeks, we've identified three potential wild cards that could affect stock prices in a positive way in the margin of our favorite chart. In just the last week, we've seen evidence that all three of these wild card factors may be coming into play. ... more
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This Time is No Different Sat May 11Bill TatroThis popular belief seems to suggest that all the various technical and fundamental indicators, including moving averages and Dr. Copper, are all misguided — and that this time around it will definitely be different. ... more
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Crista HuffSotheby’s, auctioneer of fine art, jewelry and collectibles, reported an earnings miss, primarily due to lower commission margins. The company implemented a new pricing structure in March to solve that problem. ... more
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Fritz PfisterBloomberg Macro indicators have fallen to seven month lows as the S&P 500 sets record highs. That hasn’t happened since 2007. Macro declines, market goes up. Must be a coincidence it mirrors 2007 trend lines. ... more
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Political CalculationsThe recent rally in stock prices, beginning after 15 November 2012, is a direct result of these companies' reaction to the fiscal cliff crisis. ... more
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Living the Moment Thu May 9Charles PayneRecently, retailers looked great, which raises the question: why? Of course there are a lot of investors and "would-be" investors that are asking the same question about the market rally in general. ... more
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Crista HuffAfter disappointing Wall Street with a fourth quarter earnings miss today, Electronic Arts guided analysts’ estimates much lower for first quarter revenues and losses. The company is going through a difficult transition as it searches for a new CEO, cuts jobs and expenses, and watches console sales continue to suffer in favor of mobile and online games. ... more
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John RansomWhen I was a broker this phenomena was explained thusly: Individual investors don’t make money in the market, they just borrow it from the institutional investors for a while. ... more
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Crista HuffDuring the week of Feb. 12, we said that Dow Chemical shares were a great value, with strong earnings growth, big dividend and low PE. The stock appears ready to continue rising in the near-term. The next price resistance is at $40. ... more
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Good Enough for Now Tue May 7Charles PayneThe market enjoyed a session in which the Dow peaked over 15,000 after better-than-expect news on the jobs front was posted. While there is no doubt this celebration of mediocrity is a reflection of a nation that more often than not braces for the worst, it does reinforce the fact the country isn't a house of cards. ... more
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Crista HuffTyson Foods reported a disappointing second quarter, as drought conditions provoked higher grain, beef and chicken prices and lowered profit margins. Earnings were down 43% year-over-year as consumers switched to less expensive chicken products. ... more
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Crista HuffDespite very slow projected earnings growth this year, the chart is bullish. We recommended a “trading buy” on Starwood shares on April 4, when the stock was at $61, and we still expect shares to retrace the previous high of $75 this year. ... more
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Stocks in the News: Valeant, Gilead, Google Tue Apr 30Crista HuffMyriad patent lawsuits are not reaping the cash rewards that Google expected, and have also exposed Google to increased anti-trust scrutiny. The biggest benefit of the patent acquisitions thus far is that they aren’t owned by a competitor. ... more
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Mike ShedlockThe most redeeming feature of capitalism is failure, but the Fed has a moral hazard policy of "too big to fail" that promotes massive risk-taking. ... more
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A Closer Look at a Weird Day in the Markets Sun Apr 28Political CalculationsIt normally takes anywhere from two to four minutes for the market to respond to news it wasn't expecting, and the response in the automatic selloff reaction certainly fits within that typical window of time. That stands in contrast to how the noise event began however, as stock prices responded almost instantly to the false news report, which almost gives the impression that traders were expecting the news. ... more
