TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. This week has certainly been historic so far as the DOW reached levels significantly higher than it’s previous all-time high. As of this morning, however, the DOW is pointing to a lower open, indicating down -60 points as of 04:11 A.M., EST. The S&P is showing lower as well, down -6.80 points. And the NASDAQ is indicating lower as well, down -12.00 points. American markets will look to rebound after yesterday’s giveback. In the foreign world markets, the Asian markets suffered some bad l...
Oil’s rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Figure 1: Inflation adjusted WTI since Jan 1985. Chart from Macrotrends.net From June of 2014 until now, the price of a barrel of West Texas Intermediate (WTI) crude oil has fallen approximately 57 percent. As the above chart shows, there h...
“The NDC states that mainland China’s legal environment is not transparent, with many unwritten rules increasing the risk of entrepreneurship. Mainland China is not the region of choice for Taiwan’s young entrepreneurs, and is not a good environment for entrepreneurship.” – Statement by the NDC Image Credit: Shuttterstock/ Business man refusing money offered by business man isolated on white Over the past several days, a conflict has emerged between Alibaba, China’s leading e-commerce company, and the Taiwan government. Just as Alibaba announced it would establish a US$315 million fund to support entrepreneurs on the island,...
Palo Alto Networks (NYSE: PANW) posted their fiscal second quarter 2015 report on March 2nd. The cyber security company’s report topped estimates following large-scale breaches at Sony and Target that garnered media attention. The cyber security company now has over 22,000 customers, or 6%-7% of the market share as stated by CEO Mark McLaughin on CNBC. Palo Alto Networks enjoyed a successful quarter in which they introduced new hardware and launched a global user group intended to share best security practices across a variety of industries. In the fiscal second quarter of 2015, the cyber security company posted total revenue of $217.7 bil...
Markit has new reports out today on service activity in China and Japan. The former shows a bit of growth, the latter contraction. Because the reports are diffusion indices that give no weighting to the size of the companies reporting, one must look at these reports with a broad brush. Japan Business Activity Contracts The Markit Japan Services PMI shows service sector business activity contracts in February. Key points Service sector activity falls, while new business remains just inside growth territory Input price inflation eased at Japanese services firms Business sentiment strengthens Japan Composite PMI Summary Latest data highlight...
As I mentioned yesterday, there wasn’t anything that amazing and new in the annual letter of Berkshire Hathaway. Lots of people found things to comment on, and there is always something true to be reminded of by Buffett, but there was little that was new. Tonight, I want to focus on a few new things, most of which was buried in the insurance section of the annual report. Photo Credit: Fortune Live Media Before I get to that, I do want to point out that Buffett historically has favored businesses that don’t require a lot of capital investment. That way the earnings are free to be reinvested as he see fit. He also appreciates having moa...
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) announced the results of its pharmacokinetic (PK) study for its dry powder inhaler product, APC-5000. The study was a Phase I PK study comparing the bioavailability of Adamis’ APC-5000 Dry Powder Inhaler (DPI) to GlaxoSmithKline’s Advair® Diskus® DPI. This PK study was designed as an open-label, randomized, single-dose, 4 period (2 sequence, 2 treatment, fully replicated) crossover relative bioavailability study comparing APC-5000 (...
The EUR/USD pair fell during most of the session on Tuesday, as the 1.12 level continues to be resistance. Ultimately, I believe that this market should continue to go lower but the fact that we bounced enough to form a bit of a hammer suggests that we may get a little bit of a bounce as follow through. Ultimately though, I believe that any resistive candle above should be a nice selling opportunity. Looking at this chart, I recognize that there is a lot of resistance all the way to the 1.15 level, so therefore any resistive candle above is reason enough for were me to start selling the Euro yet again. With that, I have no scenario in which...
As the competition for a 2016 presidential nomination heats up, the Republican Party will be split on several issues. On foreign policy, the battle between the hawks and libertarian doves will be a critical factor. Then, in terms of monetary policy, one faction is happy with current Fed practices. The other wants radical change, or even an end to the Fed. If a Republican wins the presidency, whichever side gets the nomination will be a key factor in our economic trajectory for the following four years. In fact, depending on the outcome, we could see the Fed eradicated entirely. Where We Are Right Now… Since 2008, the Fed has pursued moneta...
The consumer staple sector experienced a roller coaster ride in 2014. In the beginning, the companies had to bear the effects of a prolonged and severe winter, increasing food costs, a weak consumer spending environment and currency headwinds. However, things began to improve in the second half of the year on the back of a moderate economic recovery, better job prospects, rising wages, improved business and renewed optimism as a result of the housing recovery. With oil and natural gas prices subsiding, consumers are now left with more disposable income. Commodity costs have in many cases stabilized, with some at five year lows. Consumers a...