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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Seeking Alpha

Monday, February 29, 2016

Gold – Take Profits for Now (Part I)

gold chart
1-Year Spot Gold Chart from Kitco.com

Factors that had recently served gold price appreciation are, in my view, turning and intensifying against gold through the first half of March. Thus, I recommend nimble traders take profits and sell long stakes in gold-relative securities or hedge against a downturn. I remain in favor of gold holdings for the long-term, but believe there will be a better entry point after an important reversion in gold prices toward lower levels. Click here for my full report on gold.

Precious Metal Securities
February to  02-26-16
SPDR S&P 500 (NYSE: SPY)
+0.7%
SPDR Gold Trust (NYSE: GLD)
+9.5%
iShares Gold Trust (NYSE: IAU)
+9.6%
iShares Silver Trust (NYSE: SLV)
+3.2%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)
+105%
Market Vectors Gold Miners (NYSE: GDX)
+32%
Market Vectors Junior Gold Miners (NYSE: GDXJ)
+30%
Goldcorp (NYSE: GG)
+22%
Newmont Mining (NYSE: NEM)
+27%
Randgold Resources (Nasdaq: GOLD)
+26%
Barrick Resources (NYSE: ABX)
+37%
Silver Wheaton (NYSE: SLW)
+31%

DISCLOSURE: Kaminis is short GDX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

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Thursday, February 25, 2016

China Sold Off – Will it Impact US Stocks?

trepidation
China’s markets sold off overnight. Mainland shares made serious work toward erasing their gains since a January trough. Hong Kong markets were down to a lesser extent, but markets across Asia and Europe were mostly unaffected. The catalyst for the decline seems to be more jitters than justified ahead of the G20 meeting in Shanghai, but the suspects were the usual we have grown used to. The question for U.S. investors Thursday is appropriately asking whether this weakness will be isolated to China or will it infect our markets? Europe and broader Asia take their lead from the U.S., which posted a good day Wednesday, but our markets have followed China’s lead at times due to the signals it can send about the global economy and energy demand. That being said, I am more concerned about a more than one percent decline in energy prices at this hour than the local Chinese markets. Still, the uptrend for equities over the past week and a half has had good fundamental catalysts in improved Fed and economic perspectives. Futures were indicating little about the open early this morning, but I suspect U.S. equities will want to work higher for as long as no negative catalyst arises to send oil prices lower now that the Saudi Oil Minister has effectively removed the prospect of an OPEC production cut. See my full report China Sold Off Overnight - Will it Impact US Equities?

Relative Regional ETFs
Premarket 4:25 AM ET
iShares China Large-Cap (NYSE: FXI)
NA
Deutsche X-Trackers Harvest CSI 300 (NYSE: ASHR)
-6.5%
iShares MSCI Japan (NYSE: EWJ)
NA
iShares MSCI S. Korea Capped (NYSE: EWY)
NA
WisdomTree India Earnings (NYSE: EPI)
NA
iShares MSCI Australia (NYSE: EWA)
-1.3%

US Sector Securities
5:35 AM ET Premarket
Vanguard Total Stock Market (NYSE: VTI)
NA
SPDR S&P 500 (NYSE: SPY)
+0.17%
SPDR Dow Jones (NYSE: DIA)
NA
PowerShares QQQ (Nasdaq: QQQ)
NA
iShares Russell 2000 (NYSE: IWM)
-0.2%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
+0.2%
PowerShares DB US Dollar Bullish (NYSE: UUP)
NA
United States Oil (NYSE: USO)
-1.4%
SPDR Gold Trust (NYSE: GLD)
+0.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article is relevant to Deutsche Bank (NYSE: DB), Banco Santander (NYSE: STD), ITA (Nasdaq: ITUB), UBS (NYSE: UBS), Westpac Banking (NYSE: WBK), Lloyds Banking Group (NYSE: LYG), Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), Allied Irish Bank (NYSE: AIB), Banco Latinamericano (NYSE: BLX), National Bank of Greece (NYSE: NBG), Royal Bank of Canada (NYSE: RY), BBVA Banco Frances (NYSE: BFR), The Bank of Ireland (NYSE: IRE), Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), ING Groep (NYSE: ING), Citigroup (NYSE: C).

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Saudi Oil Minister Naimi Undermined Oil Prices by Saying OPEC Would Never Cut Production

Saudi oil minister impact on oil prices

In one fell swoop yesterday, Saudi Oil Minister Ali Ibrahim Naimi betrayed the hard earned accomplishments of his OPEC and non-OPEC partners’ toward oil price stability. The recent agreement between Russia and Saudi Arabia toward a production freeze for oil really only carried weight toward stabilizing oil prices because of an underlying implication that the oil producing partners could actually cut production if need be. However, following his keynote speech at the IHS CERAWeek Conference in Houston, in a public interview, he clearly stated that a production cut was not in the cards. Oil prices immediately backtracked on that statement, and they have continued their downward trend today. I propose this simple and yet powerful comment has the ability to send oil prices back down to their prior lows, if not lower this time considering that the OPEC Put has effectively been undermined by Naimi. See my full report on how the Saudi Oil Minister's comments undermined oil prices.

Energy Relative Shares
02-24-16 at Open
SPDR S&P 500 (NYSE: SPY)
-1.1%
United States Oil (NYSE: USO)
-3.7%
Energy Select Sector SPDR (NYSE: XLE)
-1.8%
SPDR S&P Oil & Gas E&P (NYSE: XOP)
-2.0%
Market Vectors Oil Services (NYSE: OIH)
-3.1%
Exxon Mobil (NYSE: XOM)
-1.4%
Chevron (NYSE: CVX)
-2.0%
B.P. (NYSE: BP)
-2.9%
TOTAL S.A. (NYSE: TOT)
-3.1%
Phillips 66 (NYSE: PSX)
-1.2%
Occidental Petroleum (NYSE: OXY)
-1.8%
Schlumberger (NYSE: SLB)
-2.2%
Baker Hughes (NYSE: BHI)
-1.7%
Halliburton (NYSE: HAL)
-1.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

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Tuesday, February 23, 2016

Cheers! Happy Times are Here Again for Stocks

cheers
Last week’s U.S. equity market strength translated into Asian and European strength Monday. Without any significant disruption from overseas, U.S. equity futures are indicating stocks can continue their upward trajectory today. As I stated in my report It’s Time to Buy Stocks, two fundamental factors have shifted in favor of stocks over the last two weeks. An improved Fed rate outlook and better economic indication underlie the latest strength. Also, oil prices seem to be firming with the better economic and Fed rate outlook, which presents a positive feedback loop for equities. See my full report on the stock market here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in Paychex (Nasdaq: PAYX), Manpower (NYSE: MAN), Robert Half International (NYSE: RHI), 51Job Inc. (Nasdaq: JOBS), Monster World Wide (NYSE: MWW), Korn/Ferry International (NYSE: KFY), Administaff (NYSE: ASF), Kforce (Nasdaq: KFRC), TrueBlue (NYSE: TBI), Dice Holdings (NYSE: DHX), Kelly Services (Nasdaq: KELYA), CDI Corp. (NYSE: CDI), Cross Country Healthcare (Nasdaq: CCRN), On Assignment (Nasdaq: ASGN), AMN Healthcare Services (NYSE: AHS), Barrett Business Services (Nasdaq: BBSI), Hudson Highland Group (Nasdaq: HHGP), StarTek (NYSE: SRT), RCM Technologies (Nasdaq: RCMT), VirtualScopics (Nasdaq: VSCP), American Surgical (OTC: ASRG.OB), Medical Connections (OTC: MCTH.OB), iGen Networks (OTC: IGEN.OB), St. Joseph (OTC: STJO.OB), General Employment Enterprises (NYSE: JOB), Total Neutraceutical (OTC: TNUS.OB), TeamStaff (Nasdaq: TSTF), Stratum (OTC: STTH.PK), Purespectrum (OTC: PSRU.OB), Corporate Resource Services (OTC: CRRS.OB), Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM), Goldman Sachs (NYSE: GS), Citigroup (NYSE: C), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), TD Bank (NYSE: TD), PNC Bank (NYSE: PNC), General Electric (NYSE: GE), Wal-Mart (NYSE: WMT), McDonald's (NYSE: MCD), Alcoa (NYSE: AA), American Express (NYSE: AXP), Boeing (NYSE: BA), Caterpillar (NYSE: CAT), Cisco Systems (Nasdaq: CSCO), Chevron (NYSE: CVX), DuPont (NYSE: DD), Walt Disney (NYSE: DIS), Home Depot (NYSE: HD), Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Johnson & Johnson (NYSE: JNJ), Kraft (NYSE: KFT), Coca-Cola (NYSE: KO), 3M (NYSE: MMM), Merck (NYSE: MRK), Microsoft (Nasdaq: MSFT), Pfizer (NYSE: PFE), Procter & Gamble (NYSE: PG), AT&T (NYSE: T), Travelers (NYSE: TRV), United Technologies (NYSE: UTX), Verizon (NYSE: VZ), Exxon Mobil (NYSE: XOM).

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Fitbit’s (FIT) Stellar Holiday Performance was Tarnished by Missteps – My Thoughts Moving Forward

Fitbit
Fitbit (NYSE: FIT) almost filled in all my checks for a perfect earnings report that could have been a catalyst for a short squeeze and sharp upside rise Tuesday. However, its stellar holiday quarter goes to waste due to surprising quarterly guidance that diverged significantly from analysts’ expectations. While it all works out by year end to conservative full-year figures that meet analysts’ annual estimates, it raises uncertainty and is evidence of an unseasoned management team. Unfortunately, the company misses an opportunity to force a vibrant short squeeze to fuel restoration of shareholder value to stakeholders deserving of it. Still, the deeply discounted on a PEG basis, oversold stock with a heavy short interest could still see a healthy upside rise by week’s end or even day’s end Tuesday, as current market dynamics have been serving deeply oversold stocks. Over the longer term, it’ll take a quarter or two for the company to refashion its image with investors. It’s important to note that there is hope; Facebook (NYSE: FB) also had missteps in its early post IPO days, and it managed to recover nicely. The company has potential but it cannot afford to miss a beat when competing against Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT). See my full report on Fitbit here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest Apple (Nasdaq: AAPL), Garmin (Nasdaq: GRMN), Microsoft (Nasdaq: MSFT), Google (Nasdaq: GOOG, Nasdaq: GOOGL), Amazon.com (Nasdaq: AMZN), Best Buy (NYSE: BBY), SPDR S&P 600 Small Cap ETF (NYSE: SLY), Vanguard Small Cap ETF (NYSE: VB), Vanguard Small-Cap Growth ETF (NYSE: VBK), Vanguard Small-Cap Value ETF (NYSE: VBR), Vanguard S&P Small Cap 600 Index ETF (NYSE: VIOO), Russell Small Cap Low P/E ETF (Nasdaq: SCLP), PowerShares Zacks Micro Cap ETF (NYSE: PZI) and Wilshire Micro-Cap ETF (NYSE: WMCR).

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Monday, February 22, 2016

Fitbit EPS Pivotal for Battle Ground Stock (NYSE: FIT)

FIT Chart
FIT Chart at Fidelity.com

Fitbit (NYSE: FIT) reports earnings for its fourth quarter after the close of trading Monday. The stock has been sold down significantly since topping out at $51.90 intraday on August 5, 2015. Several issues have factored into that, including a change in the overall investment environment working against emerging growth stocks, increasing competition, the expiration of share lockup post IPO, critical reviews of a new product, and a big build of short interest. Nevertheless, signs point to a strong holiday season for the company. Thus, I believe, and the whisper number and history indicate FIT should exceed analysts’ estimates this quarter significantly. Given the stock’s deeply discounted valuation to its growth outlook due to skepticism, and the excessive short interest in the stock, the earnings data could catalyze a strong move to the upside. However, investors will require evidence of good market share defense so far this year, and they will pay close attention to forward guidance and the conference call before they heed any call to buy. If the company is pressed on competition and the limits of its current product profile, it is not well-served. But if it can tangibly speak to expanded health care applications and interest and adoption by health care providers and insurers, the stock could soar. I have taken a modest long interest in the stock, as may aggressive investors understanding the risk, but I cannot yet recommend long-term investment in FIT generally to risk averse investors. See my full report on Fitbit (NYSE: FIT) here.

Security
06-18-15 to 02-19-16
Fitbit (NYSE: FIT)
-47%
Vanguard Total Stock Market (NYSE: VTI)
-11%
iShares Russell 2000 (NYSE: IWM)
-21%
SPDR 600 Small Cap Growth (NYSE: SLYG)
-14%
Technology Select Sector SPDR (NYSE: XLK)
-4.3%
GoPro (Nasdaq: GPRO)
-79%

Disclosure: Kaminis is long FIT. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article also interests Garmin (Nasdaq: GRMN), Microsoft (Nasdaq: MSFT), Apple (Nasdaq: AAPL), GoPro (Nasdaq: GPRO), Google (Nasdaq: GOOG), Facebook (NYSE: FB), Best Buy (NYSE: BBY), Amazon (Nasdaq: AMZN). .


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Sunday, February 21, 2016

It’s Time to Buy Stocks

chart oil vs. stocks


Friday’s stock market is signaling something fantastic for stocks. WTI Crude Futures were down about 4% around 1 PM ET, but the S&P 500 Index was about unchanged. That marks an important break from this year’s prevailing trend of stocks following oil. Stocks have stronger fundamentals now, thanks to altered expectations for the economy and for the Fed. As a result of this fundamental change in favor of stocks, I can confidently say it’s time to buy. See more on why it's time to buy stocks.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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The Oil Run is Done

oil
The latest oil run higher was stymied Thursday by a surprising build in crude oil inventory and a fading OPEC production cut fantasy. Oil prices had benefited this week from a promised freeze by OPEC & non-OPEC producers and on cooperative statements from Iran. Then a preliminary reading of oil inventory showed a draw before Thursday’s more complete EIA data revealed a another build in crude stocks. The news effectively stopped the nascent oil price run in its tracks, and now that hope is fading for an OPEC production cut, oil prices should again sink toward last week’s lows. See more on this oil report here.

Energy Relative Shares
02-19-16 AM Indication
SPDR S&P 500 (NYSE: SPY)
-0.4%
United States Oil (NYSE: USO)
-1.6%
Energy Select Sector SPDR (NYSE: XLE)
-1.1%
SPDR S&P Oil & Gas E&P (NYSE: XOP)
-2.2%
Market Vectors Oil Services (NYSE: OIH)
-0.3%
Exxon Mobil (NYSE: XOM)
-0.9%
Chevron (NYSE: CVX)
-1.0%
B.P. (NYSE: BP)
-1.2%
Valero Energy (NYSE: VLO)
-1.0%
Phillips 66 (NYSE: PSX)
-0.2%
Antero Resources (NYSE: AR)
-1.7%
EQT Corporation (NYSE: EQT)
-2.3%
Baker Hughes (NYSE: BHI)
-1.0%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

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Friday, February 19, 2016

Why Gold’s Strength Could be Undermined by CPI on Friday

gold
Gold prices benefited from this week’s Producer Price Index (PPI) indication of price increase (inflation) at the producer level. It helped gold to hold ground that I believe it would have otherwise lost this week. However, Friday’s Consumer Price Index (CPI) Report could undermine that support if it fails to show the inflation the PPI data seemed to. See the full report on How Gold Could be Undermined Friday - CPI Matters.

Precious Metals Relative Securities
02-18-16
SPDR S&P 500 (NYSE: SPY)
-0.5%
PowerShares DB US Dollar Bullish (NYSE: UUP)
+0.1%
SPDR Gold Trust (NYSE: GLD)
+2.4%
iShares Gold Trust (NYSE: IAU)
+2.5%
iShares Silver Trust (NYSE: SLV)
+1.6%
Market Vectors Gold Miners (NYSE: GDX)
+5.7%
Market Vectors Junior Gold Miners (NYSE: GDXJ)
+7.1%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)
+17.2%
Goldcorp (NYSE: GG)
+5.2%
Newmont Mining (NYSE: NEM)
+0.8%
Randgold Resources (Nasdaq: GOLD)
+3.3%
Barrick Gold (NYSE: ABX)
+6.1%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

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Thursday, February 18, 2016

Why This Stock Rally has Moxie

SPY chart February 2016

The nascent stock market surge may seem inexplicable, but it is not. In fact, something important happened last week to clear a freer path for equities. It was a sort of tilling of soil for a more fertile environment for equities for the first time this year. In one sentence, it is due to reduced expectations about Fed rate actions this year, and a better understanding about the true state of the economy, which isn’t quite as bad as our worst fears indicated previously. For these reasons, this rally has moxie, or staying power. See the full story: Buy Stocks - Why this Rally has Moxie.

Security Sector
02-17-16
SPDR S&P 500 (NYSE: SPY)
+1.6%
SPDR Dow Jones (NYSE: DIA)
+1.7%
PowerShares QQQ (Nasdaq: QQQ)
+2.3%
iShares Russell 2000 (NYSE: IWM)
+1.6%
Vanguard Total Stock Market (NYSE: VTI)
+1.7%
Financial Select Sector SPDR (NYSE: XLF)
+1.3%
Technology Select Sector SPDR (Nasdaq: XLK)
+2.1%
Energy Select Sector SPDR (NYSE: XLE)
+3.3%
Health Care Select Sector SPDR (NYSE: XLV)
+1.3%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
+2.2%
Consumer Staples Select Sector SPDR (NYSE: XLP)
+1.0%
Utilities Select Sector SPDR (NYSE: XLU)
-0.2%
Materials Select Sector SPDR (NYSE: XLB)
+2.0%
Industrial Select Sector SPDR (NYSE: XLI)
+1.5%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
-3.9%
SPDR Gold Trust (NYSE: GLD)
+0.6%
iPath S&P GSCI Crude Oil (NYSE: OIL)
+5.2%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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