Chinas cloud computing market size is expected to grow to 430 billion yuan ($64.68 billion by 2019). Technavio also estimates that the data center industry of China is growing at a CAGR (Compound Annual Growth Rate) of 13%. Im not surprised that Advanced Micro Devices (AMD) is pushing hard its la
Related GDX Technical Alert: Gold Futures Higher Technical Alert: Gold Futures Three Day Winning Streak In Jeopardy GDX: Institutions Were Buying On Friday (Seeking Alpha) Related GDXJ Gold's Selloff Accelerates, But Still One Of 2016's Best Performers David Bartosiak's Market....More>>>
Big banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) have surged more than 20% during the past three months–causing many investors to doubt the possibility for further gains. I’m note one of them–after my disastrous financials call last year, I’m bullish on them in 2017–and neither is Morgan Stanley’s Betsy Graseck, who remains Overweight....More>>>
How tech companies can fight fake news Facebook accidentally removed the wrong kind of fake news stories.
Two recent posts from CEO Mark Zuckerberg addressing the controversy over fake news spreading on Facebook (FB, Tech30) were briefly deleted on Tuesday. The posts re-appeared after media outlets called attention to the matter.
In one post from November 12, Zuckerberg tried....More>>>
Citigroup’s Kate McShane and team ask if the bull markets in Nike (NKE) andUnder Armour (UA) are over. Their answer: No. They explain why:
Since their respective analyst days last fall (Under Armour – Sept; Nike – Oct),Under Armour and Nike stocks are down ~17% and 5%, respectively. The pullback in both names appears to be driven primarily by....More>>>
One thing that never ceases to amaze me in this market is the level of volatility. I have said many times that always use technical analysis as a guide to sell or buy, because you never know how high a stock might go, or how low.
One of those stocks that have seen extreme volatility recently is Valeant Pharmaceuticals (NYSE:VRX). The funny thing is that all this volatility is not warranted....More>>>
Oil company ConocoPhillips (NYSE:COP) has been kicked to the curb in 2015 and 2016 on the back of a devastating energy price rout that has even pushed some companies into bankruptcy. Levered upstream companies Linn Energy, LLC (NASDAQ:LINEQ) and Breitburn Energy Partners L.P. (OTCPK:BBEPQ) filed for bankruptcy earlier this yer because of falling price realizations, and a high debt load that....More>>>
I think one of the most important data points in an economy and one that is often overlooked is the various measures of credit growth. Credit growth is a net economic positive. Debt repayment and austerity are deflationary. Economic expansions tend to coincide with higher rates of credit growth and demand. When credit becomes excessive a central bank will raise interest rates to cool off demand....More>>>
Oil prices have continued their volatility after news broke that the EIA (Energy Information Administration) released generally mixed oil-related data for the prior week and after an interesting rig count update. In what follows, I will go over the data released by both the EIA and Baker Hughes (NYSE:BHI) and give my own thoughts on what it means for investors in companies like Memorial Production....More>>>
Yesterday, our Elite Opportunity Pronewsletter suggested large cap restaurant stock Yum! Brands, Inc NYSE: YUM) as a short tradefor our short-term portfolio:
Don’t get me wrong, on an extremely long-term basis we like YUM. However, based on where the stock is trading, and more importantly what appears to be surfacing technically, I think there’s downside ahead for the stock before....More>>>
Ive long assumed that improving Americans retirement security would become a legislative priority in Washington D.C. For one thing, the population is aging, including the massive baby boom generation. For another, the glaring flaws in Americas pat
We've spent a lot of time discussing Steve's big stock market calls of late... And for good reason... He has been on an absolute tear. Across his three publications – True Wealth, True Wealth Systems, and True Wealth China Opportunities – readers are currently
Russian President Vladimir Putin flanked by Igor Sechin, the CEO of Russia's biggest oil firm, Rosneft Russia is home to the world's second largest shale oil deposits, according to the U.S. Energy Information Administration. They will learn to develop them sooner o