Please don’t tell this secret to anyone. If it gets out, I may never win a wager again. You see, I hang out with a lot of competitive people. It’s the nature of being in and around the financial world. As a result, any disagreement over a fact or future event quickly devolves into a…
DetailsIt’s one of the most anticipated conferences of the year. Tens of thousands of oncology professionals, physicians, investors, and companies will converge at this year’s American Society of Clinical Oncology (ASCO) meeting in Chicago, Illinois, June 3-7, 2016. And for smart investors, it’s a goldmine opportunity. History has proven this is the place where biotech…
DetailsIn late 2015, we warned about buying shares of JC Penney (JCP), as it traded at $9.27. Sterne Agee had just upgraded the stock from a neutral rating to a buy rating with a laughable price target of $13 a share. After spending time with the CEO, the analysts were confident in the company’s turnaround…
DetailsThere’s no fever like gold fever. It’s true. There’s nothing else financially like it. Stock prices, for example, are driven up by greed and driven down by fear. Market prices for every other investment is the same. Gold is the exception. It’s price it driven up by both fear and greed. As a result, when…
DetailsOver the last several weeks, the stock market and the economy have been moving in opposite directions, diverging reality. While stock prices rally near record highs, corporations are still defaulting on debt and filing for bankruptcy at a pace last seen during the financial crisis of 2008. The oil sector has been one of the…
DetailsIt seems tech is taking over everything. Ridesharing companies Uber and Lyft have has made massive inroads into taxi industry. Airbnb has taken a $1 billion bite out of the hotel sector. Spotify, Pandora, and countless podcasts have caused led to a 20% decline in radio audience over the last few years. Amazon has made…
Details“American consumers aren’t what they used to be – and that helps explain the plodding economic recovery,” notes The Washington Post. “It gets no respect despite creating 14 million jobs and lasting almost seven years. The great gripe is that economic growth has been held to about 2 percent a year, well below historical standards.”…
DetailsFor more than three decades his funds averaged 30% annual returns. In 2008, the average hedge fund lost 19%, he posted an 11% gain. In 2009 his fund doubled the return of the average hedge fund. In 2010, he pulled the ultimate move for any hedge fund kingpin…he shut it all down. After an amazing…
DetailsThe U.S. consumer is one of the most watched economic indicators. We’re the cogs of the economic engine, if you will, accounting for 70% of U.S. GDP. So when we learn that Q1 GDP grew at just 0.5% — its slowest pace since the first quarter of 2014, we begin to get a bit concerned.…
DetailsAfter an historic year of $605 billion M&A deals in the biotech sector, the buyout trend is far from over. As biotech stocks slide, larger companies flush with cash are looking to take advantage of cheap stocks in an effort to strengthen aging pipelines, survive patent expirations and adopt new innovation for stronger long-term growth.…
DetailsThere aren’t many hard and fast rules when it comes to investing. There’s always an exception. Always. One of the few that’s as close to a rule as you’ll get is that bear markets go out with bang. Oil dropped 40%. People bought the dip. It dropped another 40%. People bought again. Then it dropped…
DetailsWith China struggling under the weight of lost momentum, the Shanghai Composite has lost 42% of its value since peaking at a high of 5,178 in May 2015. Trading volume continues to dwindle amid fresh signs the country’s economy is struggling with weak fundamentals. Its Manufacturing Purchasing Managers Index fell to 49.4 in recent days,…
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