The market was quick to bring out the knives after Applied Materials(NASDAQ:AMAT)released mixed-bag fiscal second-quarter results in mid-May. Investors apparently ignored the company's terrific top- and bottom-line growth, while letting concerns about slowing smartphone sales and the company's te
Given the important role Social Security will eventually play in so many future retirees' lives, you'd think more people would have a basic knowledge of how the program works. But recently, as many as 72% of Americans could not pass a basic quiz on Social Security. That lack of knowledge, however
Global casino operators had a run of good luck recently after the cabinet of Japanese Prime Minister Shinzo Abe passed a casino bill that would legalize casino gambling in the country. While many observers had been expecting two licenses to be initially approved, the cabinet has called for three, along with other measures that could help spawn a viable industry.
Turmoil in Washington, D.C., is nothing new. But in spite of little political progress and weak economic numbers, the stock market keeps going up.
Shedding light on the situation, Money Morning Chief Investment Strategist Keith Fitz-Gerald says the key is not to look to Washington. Here Keith gives the two key points that make company numbers a far better guide than economic data when....More>>>
Vaalco Energy (NYSE:EGY) is a small O&G producer, which owns and develops the Etame prospect offshore Gabon (please see map below). The company revenues depend essentially on these two simple elements:
Production of O&G from the offshore Gabon prospect. Calculated using a percentage called working interest. The prices....More>>>
Source: ThinkstockMarch 26 2018: The S&P 500 closed up 2.7% at 2,658.59. The DJIA closed up 2.9% at 24,203.50. Separately, the Nasdaq was up 3.3% at 7,220.54.
Monday was an incredible day for the broad U.S. markets, with the Dow posting one of its top 3 performances, in terms of points, in the history of the average. The S&P 500 and Nasdaq had exceptional days as well, with the Nasdaq....More>>>
This is the kind of stuff that keeps OPEC up at night.
The oil cartel and key ally Russia have spent more than a year trying to drain the world of excess supply. But the International Energy Agency warned Tuesday that a “colossal” oil boom in the United States could ruin their efforts.
The Paris-based agency said that a massive increase in output means the U.S. will....More>>>
Source: ThinkstockJanuary 17, 2018: The S&P 500 closed up 0.9% at 2,802.57. The DJIA closed up 1.3% at 26,114.51. Separately, the Nasdaq was up 1.0% at 7,298.28.
Wednesday was an incredible day for the U.S. markets. Once again all three of the major averages hit all-time highs. Although we are only about two weeks into the new year, this is easily the best trading day for the markets....More>>>
Crude oil futures were up Tuesday, with prices headed closer to session highs reached in the prior U.S. session, as expectations that the Organization of the Petroleum Exporting Countries will extend production cuts until early next year continued to boost trading sentiment.
The news, announced during a joint press conference by Saudi Arabia and Russia on Monday, lifted prices by as much....More>>>
It was a mixed week for the Trump trade, with U.S. equity markets gaining early and slipping a bit toward the end. The S&P 500 rose about 0.5% for the week and the Dow Jones Industrial Average added about 0.4%, though they fell Wednesday, Thursday and Friday. The best day was Tuesday, which the President spent partly on the golf course with the Prime....More>>>
December 26, 2017: Markets opened lower Tuesday following the three-day Christmas holiday weekend. The DJIA briefly turned higher, but traded for most of the day with a small loss. Energy was the leading sector but couldn’t overcome weakness in tech and utilities. WTI crude oil for February delivery settled at $59.97 a barrel, up 2.6% for the day following a pipeline explosion in Libya. The....More>>>
Over the past several years, Berkshire Hathaway’s (NYSE: BRK-A)(NYSE: BRK-B) succession plan for when Warren Buffett can no longer run the company has become of greater interest to investors. We recently got some more concrete information about the succession plan when Berkshire managers Ajit Jain and Greg Abel both joined the company’s board and were named vice chairmen, a move Buffett....More>>>
The dark web. Hackers. Your identity for sale. Fraudulent credit card accounts. Unfortunately, last weeks news of the mammoth data breach of the consumer credit reporting giant Equifax and the reported millions of individuals social security numbers and personal data at risk is just the latest example of the ongoing dangers associated with todays digital age.
Source: ThinkstockMay 25, 2017: The S&P 500 closed higher on the day, up 0.4% at 2,415.00. Separately the DJIA closed up 0.3% as well at 21,081.04. The Nasdaq closed up 0.7% at 6,205.26.
The U.S. broad markets posted another record day with the S&P 500 and Nasdaq hitting all-time highs on the day with the Dow in close pursuit. After breaking back above the $50 mark, crude oil came....More>>>
Over the final week of September, as the end of the third quarter approached, November NYMEX natural gas futures fell from $3.166 per MMBtu to lows of $2.8660 on Monday, October 3. It looked like yet another failure for natural gas.
Natural gas is used to failure at this point; the price h
News headlines about Pioneer Floating Rate Trust (NYSE:PHD) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale o
Polymet Mining Corp (NYSEAMERICAN:PLM) (TSE:POM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,483,743 shares, a growth of 22.8% from the May 31st total of 1,208,433 shares. Based on an average daily trading volume, of 731