Will Whirlpool's Price Continue to Climb?

Posted on by lindsay

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On January 12th, shares of Whirlpool Corp. (NYSE:WHR) crossed the $200/sh threshold for the first time ever. Now trading at $200.92/sh, the stock has risen by 44% in the last 4 months.

Whirlpool (WHR) stock price increase from 2012 - 2015.
Chart courtesy of YCharts.com.

The rapid price rise is nothing new; Whirlpool’s stock is in the midst of an extended run of robust performance. Over the last 3 years, WHR has increased almost four-fold, climbing by 277% since being quoted at $53.33/sh on January 23rd, 2012. During that same period, the company’s earnings expanded by 137% to their current level of $9.41/sh.

Looking at these numbers alone, one might assume that the stock is due for a correction. Has its price climbed too quickly? Is the stock overvalued? I’d argue that WHR remains undervalued, and that investors can expect the stock to continue outperforming the market with ease. Continue reading "Will Whirlpool's Price Continue to Climb?" →

10 Reasons Why You Need an Offshore Bank Account

Posted on by admin

By: Nick Giambruno

You may have wondered: “What’s the difference between having a bank account at Bank of America and having an offshore bank account?”

The truth is, there’s possibly all the difference in the world.

Here are the top 10 reasons why you need an offshore bank account.

Reason #1: Dilute Your Political Risk

Doug Casey has said over and over that the biggest risk you face today is not market or financial risk—as big as those risks are—but rather the risk from your own government.

There’s no doubt this kind of risk is rising in most parts of the West. Governments are hopelessly sinking deeper into insolvency. They’re turning to the same desperate measures they always have throughout history, and it’s a big threat to your savings.

It’s only prudent to expect more bail-ins (as we’ve seen in Cyprus), bank deposit taxes (as we’ve seen in Spain), retirement savings nationalizations (as we’ve seen in Poland, Hungary, Portugal, and Argentina), and capital controls (as we’ve seen in Cyprus and Iceland), among other destructive actions. And these are just a few recent examples.

If you think these kinds of things can’t happen in your country, think again. Continue reading "10 Reasons Why You Need an Offshore Bank Account" →

Fed on the Brink of Dovishness?

Posted on by Lior Alkalay

Lior Alkalay - INO.com Contributor - Forex


After fending off one blow from the SNB and another, albeit positive, surprise from the ECB, investors’ focus will, naturally, shift to next week when the Federal Reserve’s rate decision will take place. “What will Yellen say this time?” markets want to know. Can the Fed Chairman really stay hawkish while the rest of the world is plunging into a new cycle of easing? These questions have loomed over Fed meetings for a while now, especially as Oil prices plummeted and inflation expectations lowered. Yet to the surprise of many Fed watchers and investors, Janet Yellen, “the dove,” continued to press forward with a hawkish tone, giving an upbeat assessment on growth and stressing the Fed’s conviction that disinflation (low Continue reading "Fed on the Brink of Dovishness?" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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 February contract are trading above their 20 and 100 day moving average settling last Friday in New York at 1,277 while currently trading at 1,288 an ounce down about $12 this afternoon as I have been recommending a bullish position when prices cracked 1,245 and if you took that trade place your stop at the 10 day low which in Monday’s trade will be 1,217 still risking about $70 or $7,000 per contract plus slippage and commission, however the chart structure will start to improve on a daily basis starting next week. Gold prices hit a 5 month high this week and now is being considered as a currency and not a commodity as nobody wants to own any of the foreign currencies especially the Euro currency which was down another 100 points today sending the U.S dollar to an 11 year high as countries like Yemen are collapsing right in front of our eyes and many other countries are getting crushed by the low crude oil prices so investors are seeking a safe haven in gold despite today’s negative tape. Continue reading "Weekly Futures Recap With Mike Seery" →

Thank you, Mario

Posted on by George Yacik

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


I don’t know if Mario Draghi’s “historic” quantitative easing program announced Thursday will do anything to help the flat-on-its-back euro zone economy.

I’m not a trained economist, so I’m not sure exactly how buying massive quantities of already overpriced bonds is supposed to raise inflation and boost the economy, although it has been very successful in devaluing the grossly overpriced euro. But how is a cheaper currency going to help countries in the euro zone when they do most of their trading with each other?

What I am sure of is that the program will make U.S. Treasury and corporate debt securities a lot more attractive to investors, further lowering long-term interest rates here, and giving our economy, now the envy of the rest of the world, another boost.

It’s about time Europe did something for us. Continue reading "Thank you, Mario" →