Sunday, April 22, 2018
Earnings season is underway – and predictions are bullish, to say the least. Zacks says S&P 500 first-quarter earnings are projected to swell by 16.6% on sales growth of 7.5%, compared with Q1 2017. Indeed, 14 out of the 16 Zacks sectors will notch earnings growth, with 11 of them enjoying double-digit expansion. But one […]
Just because April Fool’s Day fell on a Sunday this year, it didn’t stop Wall Street from marking the occasion anyway. It just chose 48 hours later to do so when Spotify Technology (Nasdaq: SPOT) debuted on the market. Despite the company being unprofitable, the high-profile-low-profile launch saw shares open at $165.90 and trade as […]
In what was a very poor April Fool’s joke, the stock market took a tumble on Monday, closing below its 200-day moving average for the first time since June 2016. U.S. stocks had their worst start to an April in many decades as measured by the S&P index. The 2.2% plunge was exceeded by only […]
On June 29, 2017, meal-delivery firm Blue Apron Holdings Inc. (Nasdaq: APRN) IPO’d at $10 per share. Today, shares have collapsed to just $2. What gives? The company’s business is simple: It delivers pre-portioned, ready-to-cook ingredients (with recipes) to customers’ homes. And if you like a tipple with your meals, it offers Blue Apron Wine […]
2018 was supposed to be the year that Mark Zuckerberg said he would “fix Facebook”. But it’s only three months into the new year and his task looks a lot tougher after the company went through one of the worst periods in its history in recent days with $75 billion wiped off its market value. […]
Last week the Federal Reserve Board announced another interest rate hike. The Fed increased its target short term interest rate by 0.25%. This is the first of three or four projected quarter-percent increases this year on top of two rate increases in 2017. The financial news outlets will be wrong in stating all high yield […]
It’s a dilemma investors face every day… When a stock falls, do you try to profit by buying shares on the dip, or dodge the downward momentum? The difference between the two can be large – and expensive. Today, I’m going to focus on a wise investment adage: “Don’t try to catch a falling knife.” […]
It strikes me, at times, how little humankind has changed over the centuries. The ancient Greeks waited for answers to the most pertinent questions of their day from the Oracle at Delphi – a high priestess that supposedly spoke to the god Apollo. Today, Wall Street also waits for word from on high as to […]
The imposition of a 25% tariff on imported steel by President Trump has certainly been a headline grabber. But it obscures the long-term problems faced by the U.S. steel industry. And it only addresses one side of the classic economic equation for any commodity – supply and the industry’s struggle against cheap imports. The share […]
On the face of it, semiconductor firm Advanced Micro Devices (Nasdaq: AMD) is a company on the move. Over the past two years, its share price has surged by 475%. And revenue jumped by 25% to $5.3 billion last year, leading to a $179 million profit. Quite a turnaround from the $117 million loss in […]
