Long time solar observers were stunned by the news that First Solar (FSLR) and Sunpower (SPWR) were teaming up to create a joint venture. The stock market certainly got the message. Sunpower rocketed by 18%, while First Solar soared by 17%. Imagine Macy?s merging with Gimbels, Coke tying up with Pepsi or the Los Angeles
I bought Theravance Inc. (THRX) call options at 20 cents and sold them for 95 cents. Thank Jim Parker for the lotto win. James Sydney, Australia
?The last time oil stocks were this high, Gandhi was on the cover of Time Magazine and most Germans thought Hitler was clown. IT was 1930.? said Stephen Schork of the Schork Report.
Global Market CommentsFebruary 24, 2015Fiat Lux Featured Trade:(DIPPING MY TOES BACK INTO GOLD),(GLD), (SLV), (GDX), (ABX), (PALL)(THE GAME CHANGER IN INDIA),(INP), (PIN), (EPI), (EEM), (CEW), (ELD),(USO), (KOL), (CU), (GLD) SPDR Gold Shares (GLD)iShares Silver Trust (SLV)Market Vectors Gold Miners ETF (GDX)Barrick Gold Corporation (ABX)ETFS Physical Palladium (PALL)iPath MSCI India Index ETN (INP)PowerShares India (PIN)WisdomTree India
One of my best calls of 2014 was to plead with readers to avoid gold like the plague, periodically dipping in on the short side only. Gold certainly delivered disappointment in spades, falling 4%, while the US stocks, bonds and the dollar were on fire. The barbarous relic has been in a bear market since
So far in 2015 the Indian stock market has handily beaten that of the US, by 10.6% compared to 5.3%. ?The India election result is the biggest development to affect emerging markets over the last 30 years.? That is what retired chairman of Goldman Sachs Asset Management and originator of the ?BRIC? term, Jim O?Neal,
?China is still the 800 pound gorilla. Maybe it?s no longer going to grow at 10%, but it?s still going to grow at a faster rate than Europe or the US,? said Edwin Rodriguez Jr., the biggest financial advisor in Louisiana, with $2.8 billion in assets.
Global Market Comments February 23, 2015 Fiat Lux Featured Trade: (THE SPRING IN CISCO?S SYSTEM?S STEP), (CSCO), (REPORT ON THE 6th ANNUAL SKYBRIDGE ALTERNATIVES CONFERENCE) Cisco Systems, Inc. (CSCO)
I thought I noticed a spring in the step of Cisco Systems (CSCO) CEO John Chambers when he strutted out on TV to announce earnings last week. Revenue came in just shy of $12 billion, a 7% improvement over fiscal 2014's Q2, and earnings per share really popped -- up 70% on a GAAP basis
Once again, I am writing to you from the poolside cabana B-2 at the Bellagio Hotel in Las Vegas. It is a baking hot 100 degrees in the shade and the air is bone-dry, so I?m draining my third rum punch for the day.The days when I risked getting dragged out to the parking lot
?Vision without execution is just hallucination.? said Thomas Edison.
Global Market CommentsFebruary 20, 2015Fiat Lux Featured Trade:(A NOTE ON THE FRIDAY OPTIONS EXPIRATION),(FXY), (GILD), (SPY), (VIX),(TLT), (IWM), (QQQ), (SCTY), (USO), (GLD),?(AN EVENING WITH TEXAS GOVERNOR RICK PERRY),?(LNG), (UNG), (TSLA) CurrencyShares Japanese Yen ETF (FXY)Gilead Sciences Inc. (GILD)SPDR S&P 500 ETF (SPY)VOLATILITY S&P 500 (^VIX)iShares 20+ Year Treasury Bond (TLT)iShares Russell 2000 (IWM)PowerShares QQQ Trust,
We have several options positions that expire on Friday, and I just want to explain to the newbies how to best maximize their profits. These include: The Currency Shares Japanese Yen Trust (FXY) February $84-$87 vertical bear put spread The Gilead Sciences (GILD) February $87.50-$92.50 vertical bull call spread The S&P 500 (SPY) February $199-$202
Global Market CommentsFebruary 19, 2015Fiat Lux Featured Trade:(THE BEST IS YET TO COME IN CRUDE),(USO), (XOM), (COP), (OXY),(AN EVENING WITH DAVID TEPPER) United States Oil ETF (USO)Exxon Mobil Corporation (XOM)ConocoPhillips (COP)Occidental Petroleum Corporation (OXY)
For the last few months, I have leapt off my biweekly global strategy webinars to check the weekly crude inventories announced minutes before. This week?s figures absolutely blew me away. The American Petroleum Institute reported that crude stocks rose a staggering 14.3 million barrels over the past week. This is the biggest weekly build that
?I want staffers who are so loyal that they will kiss my ass in Macy?s front window and tell everyone it smells like roses,? said the late president, Lyndon Baines Johnson, the model for the character, Francis Underwood, in the hit cable TV series House of Cards.
Global Market Comments February 18, 2015 Fiat Lux Featured Trade: (AN AFTERNOON WITH GENERAL COLIN POWEL)
Global Market CommentsFebruary 17, 2015Fiat Lux Featured Trade:(FRIDAY, APRIL 3 HONOLULU, HAWAII STRATEGY LUNCHEON),(HOW FAR WILL BIOTECH RUN?),(GILD), (IBB) Gilead Sciences Inc. (GILD)iShares Nasdaq Biotechnology (IBB)
Long-term readers of this letter have prospered mightily from my addiction to biotech stocks in recent years, one of the most reliably top performing sectors in the stock market. But have we visited the well one time too many times? Is biotech turning into a bubble that will eventually deliver the same grievous outcome of
?We need to have more faith in the central bank?s ability to print money?, said Scott Minerd, of Guggenheim Partners.