Traders must be able to make money even when their opinions are DEAD WRONG! I’d like to show you how your trading can be profitable even when your opinions of the market are DEAD WRONG! Wouldn’t that be nice? It’s possible, and it doesn’t require a fancy options strategy, or any options trading at all! Here’s what recently happen to me, and you can apply the same tactics to your own trading tomorrow. And… if you’d like to learn how to do it even easier, make sure you attend our free live training here… As you’ll see in the daily charts of the 4 major stock index ETFs below the QQQ (Nasdaq 100) got hit hard in the beginn...
Abercrombie & Fitch (ANF) announced plans to launch its namesake brand and Abercrombie kids on Tmall, sending the teen apparel retailer’s shares higher in early trading. TMALL DEAL: Abercrombie & Fitch announced this morning that it will launch its Abercrombie & Fitch and Abercrombie kids on Alibaba Group’s (BABA) Tmall consumer platform for brands and retailers. Hollister, another Abercrombie brand, has been carried by Tmall since 2014, the company said. Effective July 26, Abercrombie will sell its namesake line and abercrombie kids on Tmall, giving it access to 454 million annual buyers across Alibaba’s retail ...
Now we are rallying – patience pays. Who knows how long this rally can last for us, but the market required us to stay patient through all of June and some of July, to finally get a solid sizable rally that we could trade off of. And the market rewarded those with patience by rallying 7 of the last 9 trading sessions and out of the Darvas box we had been stuck in, to new all-time highs. Now the key to this is recognizing it is impossible to know how long and how high this market can go. There are tons of people out there that will claim they know, and I’m here to tell you that they don’t. They are all guesses and not eve...
Actively managed portfolios are not a device of nefarious origin. And neither is it a “dead exercise” as the vox populi has declared. Nevertheless, to be successful at active investing, there are some big time hurdles. Before we discuss these obstacles, let’s first clarify the term “active investor.” An “active investor” is somebody who is managing a portfolio of investments that is different, in both composition and character, compared to benchmark indexes within the same asset class. I rather like how William F. Sharpe, Nobel Prize winner in economics, described it. He wrote: “An active investor is one who is not passive. Hi...
The highest privately valued company Uber is the poster child of ride sharing. One of its strong, regional rivals is Dubai-based Careem, which has recently entered the Billion Dollar Unicorn Club. Careem’s Offerings Careem was founded in 2012 by former McKinsey consultants Mudassir Sheikha and Magnus Olsson. The service was initially set up as a web-based cab booking service for corporate car bookings. But as its users started using its service for personal rides, it transitioned into a consumer-facing cab booking service. The company has expanded its geographic presence outside of Dubai as well. Today, it has over 250,000 drivers in 80 ci...
A very cool tool which mastered jeopardy and more but is IBM’s Watson hurting returns? IBM’s second quarter results, published earlier this week, make for dismal reading. Big Blue unveiled its 21st straight quarter of revenue contraction, and even though the company topped analysts’ expectations for profit, once again the bottom line was boosted by some one-off figures, something the company has become increasingly dependent on to meet targets in recent years. Pro forma earnings per share of $2.97 beat expectations of $2.75 but a one-off tax benefit in the quarter added $0.18 to earnings per share. The results also showed that growth a...
The Canadian dollar was consolidating but waiting to take advantage of another fall of the US dollar. It still has the backwind of the BOC’s hawkish hike last week. The hammer came from special counsel Robert Mueller. The probe into Trump’s connections with Russia will expand into his personal business dealing with family and associates involved. If the President is in deeper trouble, the prospects of passing tax reform and infrastructure spending falls sharply. Health care reform is mostly dead. Don Junior is also in trouble. The news sent the dollar down and the loonie was there to reap the benefits. USD/CAD is trading at the lowest...
Last week, Trump nominated Quarles to the Federal Reserve board. What does it mean for the gold market? The Bank of Japan kept policy unchanged yesterday, so markets were little moved. Investors await now the ECB meeting – the euro appreciated against the U.S. dollar amid the monetary policy statement. If Draghi is less hawkish than expected, the greenback will probably rebound, which could hurt gold. We will analyze the ECB’s decision in the upcoming days – today we would like to cover Trump’s recent nomination. The U.S. president has chosen Randal Quarles for the Federal Reserve’s vice chair for supervision post. He previously wor...
Rogers Communications Inc. (RCI), a Toronto-based telecommunications and media company, issued their first financial and operating results for the second quarter ended June 30, 2017 since Joe Natale became its CEO in April. Key Financial Results (In millions of Canadian dollars, except per share amounts) are as follows: Revenue: was UP 4% to $3.59 billion from last year’s second quarter and within analyst estimates. Wireless service revenue: was UP 8% primarily as a result of a larger subscriber base and the continued adoption of higher-value Share Everything plans. Cable revenue: was stable this quarter, as continued strong Internet...