Ladies and Gentlemen: Gridlock Is Good

George Yacik - INO.com Contributor - Fed & Interest Rates


One of the marvels of the continued bull market in stocks this year – and to a much lesser extent in bonds, too – is that it’s taking place in spite of what appears to be a tremendous amount of dysfunction and conflict within the federal government. But it’s perhaps more accurate to say that the bull market continues to motor on because of, rather than in spite of, the gridlock.

Leave it to the Republican Party to create government gridlock single-handedly – without any assistance from the opposition party. Here is a party that controls both houses of Congress and the presidency and yet still manages to screw things up.

Then again, maybe it’s wrong to think of Donald Trump as a Republican president. Rather, perhaps the correct way to think of Trump is as America’s first Third Party President, who just happened to use the machinery of the Republican Party to get elected, but is no more a Republican than Ross Perot was.

Quite clearly there are three active parties, or factions, in Washington, and all of them are aligned against each other – the Republicans, the Democrats, and the White House. Continue reading "Ladies and Gentlemen: Gridlock Is Good"

The DOW Is looking To Post Its Tenth Day Of Gains

Hello traders everywhere. The DOW The DOW Continues its climb into record territory with a tenth straight day of gains. Overall, the stock market has been boosted in recent weeks by strong corporate earnings, and a strong July employment report on Friday added to the positive market sentiment. This week is filled with retail companies releasing quarterly results, including Michael Kors, Macy's and Nordstrom. Media giants Disney and News Corp. are also reporting this week.

MarketClub's Mid-day Market Report

Crude oil is retreating amid speculation that abundant supplies will weigh on the market, capping any rallies. Russia and Kuwait are said to meet producers such as Iraq in Abu Dhabi to discuss compliance with the OPEC production-cut deal.

Key levels to watch this week: Continue reading "The DOW Is looking To Post Its Tenth Day Of Gains"

Stock Analysis From A To Z: Letter "C"

Aibek Burabayev - INO.com Contributor - Metals


There is not much change in the precious metals charts, and that gave me a chance to find some trading setups for stocks. In this post, I would like to share my analysis of the stocks starting with the letter “C.”

Table 1. Filtered Stocks For Letter “C”

Letter C stocks
Chart courtesy of finviz.com

Out of the 19 screened stocks I’ve selected three to analyze as they have clearer chart structure: CAVM, CNK, and CPE. All of them have potentially good short setups. It looks like not all companies could keep the pace with the rising S&P 500 index which continues to make record highs one after the other. Continue reading "Stock Analysis From A To Z: Letter "C""

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,275 an ounce while currently trading at 1,268 down slightly for the trading week after hitting a six week high earlier this week. I'm currently not involved in this market with gold being incredibly choppy over the last six months. Gold prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher. Gold has had a significant rally over the last six weeks due to the U.S. dollar has hit a fresh 14 month low. That is definitely a fundamental bullish factor towards gold and the precious metals across the board. The United States added 209,000 jobs last month sending prices slightly lower in Friday's trade and the next major level of resistance is around the 1,300 level. That has to be broken to continue with its bullish momentum as the chart structure is poor at present due to the moves that went straight down and then straight up. I'm advising clients to look at other markets with better potential than gold at the current time.
TREND: HIGHER
CHART STRUCTURE: POOR

Continue reading "Weekly Futures Recap With Mike Seery"

Visa: The Disconnect Between Perceived Growth And Valuation?

Noah Kiedrowski - INO.com Contributor - Biotech


Introduction

As expected, Visa Inc. (NYSE:V) reported another great quarter with beats on both the top and bottom lines. EPS and revenue estimates were beaten by $0.05 and $200 million, respectively. Since its earnings release, Visa has set new to all-time highs, currently sitting at ~$100 per share. The Visa Europe acquisition has been a tailwind for the company, translating into phenomenal transaction and volume growth. However, this was expected and beginning with the initial quarter Visa started reporting the fully integrated company these numbers have been fantastic. Visa has been posting great growth across all segments of its enterprise further accentuated by the Visa Europe acquisition. Meanwhile, the company continues to grow its dividends and engage in consistent share repurchases. It’s noteworthy to point out that Visa has been buying back its own stock at near all-time highs as of recent. Visa has continued to be a best in-class large-cap growth stock, however, does this translate into a compelling investment opportunity for a great long-term position? I always felt that Visa was a great long-term holding that offered growth and stability independent of banks and/or interest rates. The fully integrated Visa enterprise in conjunction with major client wins will likely enable sustained and durable growth now and into the future, however, I feel that Visa is overvalued based on the first nine months of revenue from FY2017 and a pullback may be coming. Continue reading "Visa: The Disconnect Between Perceived Growth And Valuation?"