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
Primecap Management Company is an under-the-radar adviser that doesn’t talk to the media. But it did something no other tracked fund did: it bought Tesla for less than $30 a share in 2011 and hung on to it through the stock’s explosion this year. That’s an estimated gain of 469%.
Primecap advises the Odyssey Funds, which consist of a stock fund, growth fund and aggressive....More>>>
"Big Three" U.S. automaker General Motors (GM) is finally admitting the obvious… The boom in auto sales is peaking. As news service Reuters reported following the company's conference call on Monday… "The market is definitely slowing… it's something we are going to monitor month to month," [GM] Chief Financial Officer Chuck....More>>>
Saturday, July 1, marked the first day of recreational marijuana sales in the state of Nevada, and by any measure, it was a huge success. An estimate by the Nevada Dispensary Association puts first-weekend sales of recreational pot at between $3 and $5 million.
Lines were long, with some customers waiting up to an hour to make their purchases. Among the buyers was state Senator Tick Segerblom,....More>>>
A few days ago, The Street Sweeper wrote a short thesis on Teladoc (NYSE:TDOC), in his article titled “Trump’s Obamacare Promise: Teladoc’s Code Blue?” His short thesis had several relevant arguments, including:
Obamacare was previously said to be a positive catalyst for Teladoc. If that is so, then Trump winning the election needs to be seen as a negative,....More>>>
The moment everyone has been waiting for has finally passed, and Chairwoman Janet Yellen managed to sound more hawkish on the possibility of a near term rate increase without committing to anything. Her message clearly opened the door a bit wider to future increases, but her message on timing has not changed. Ms Yellen said “the case for an increase in the federal funds rate has strengthened....More>>>
March 17, 2017: Markets opened higher again Friday and traded close to the break-even line until about noon when shares started moving higher. Leading indicators and consumer sentiment readings were both strong. Among the sectors, financials weighed while utilities and industrials were showing the best gains. WTI crude oil for April delivery settled at $48.78 a barrel, up just 3 cents on the day,....More>>>
San Francisco, California-based Twitter Inc (NYSE:TWTR)has given investors quite a few things to cheer about this year. Yet, TWTR stock is down by over 22% for the year so far, even after a ~20% rally in the last six months. Beyond the reasonable success Twitter has seen in live streaming, the micro blogging site has recorded many other positives as well. From generating positive free cash flows....More>>>
The latest COT report showed little movement in trader positions before the Yellen. But since this report only included positions as of Tuesday, it didn’t include Wednesday’s bear raid and trader responses to Ms. Yellen’s speech on Friday. Nevertheless, we saw an increase in speculative gold longs (which surprised us), a decrease in speculative shorts, and also a decrease in the....More>>>
You may already know that mutual funds are vehicles that invest pools of cash contributed by investors who purchase shares of the fund. What you may not know, and what your financial adviser may never have taken the time to explain to you, are some of the fundamental aspects of a mutual fund that help to define it and differentiate it from its competitors.
Biotech stocks have climbed steadily higher over the past few weeks. Still, the iShares Nasdaq Biotechnology ETF (IBB) has remained range bound between $240 and $290 for much of 2016.
So with major stock indices hitting new record highs, can biotech stocks break free? Perhaps, says Michael Yee, the industry analyst for RBC Capital Markets. But first, the market wants the political rhetoric....More>>>
The Federal Open Market Committee (FOMC) is sticking to the status quo despite sufficient support from economic data for the policy rate hike this year. On November 8, 2016, citizens of the United States will vote for the next president, and now it seems unlikely that the Fed will raise interest rate in November meeting.
In an interview with CNBC, Cleveland Fed President Loretta Mester said;
Ive been offered a new job, and I want to see how the cost of the new employers health care stacks up. How much does the average family pay for health care? What can I do to save money on health costs?
See Also: 5 Ways to Ease the Pain of Health Care Costs in Retirement
The majority of families still get health insurance through their employers, and the average cost of health care....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