By Mitchell Clark, B.Comm. | October 20, 2014
Amid all the turmoil in capital markets, I’m reminded of all the good corporate earnings being released.
Of course, the stock market is a system of discounting future business conditions and the recent sell-off has been pronounced, but stocks have come so far over the last several years. If the catalysts were deflationary pressures among oil prices and global economic activity, a little haircut in share prices is well deserved…. Read More
By Mitchell Clark, B.Comm. | June 25, 2014
For years Micron Technology, Inc. (MU) struggled on the stock market as both competition and demand in the personal computer (PC) market took its toll on the chip maker.
Now the company is experiencing a bit of a renaissance, and the stock has been trending higher on genuine business growth.
In my mind, if Micron Technology is experiencing improved business conditions, it’s a positive indicator for almost everything else. This … Read More
By Mitchell Clark, B.Comm. | June 13, 2014
With the Dow Jones hitting 17,000 being pretty likely in the not-too-distant future, from there, it’s only another 18% or so until the Dow hits 20,000, which is pretty incredible.
These numbers seemed so unrealistic just a few years ago but now, it’s not too farfetched. The most amazing thing to me is that stocks still haven’t experienced a material price correction since the financial crisis.
Stocks aren’t necessarily stretched … Read More
By Mitchell Clark, B.Comm. | June 12, 2014
The great monetary expansion is still alive and well and the effect on equity securities continues to be profound.
But what I find striking about the stock market’s continued advancement is that it’s blue chips that are pushing through to new record highs.
Speculative fervor in several sectors has diminished, but hasn’t completely disappeared. But it’s the big brand-name companies—a lot of which pay dividends—that just keep on trucking as … Read More
By Mitchell Clark, B.Comm. | May 16, 2014
There still is no real trend in the equity market. One day, stocks sell off big-time; the next, the S&P 500 and Dow Jones Industrial Average hit new record-highs.
This is a very tough market to figure; anything can happen when monetary policy is highly accommodative.
A lagging NASDAQ Composite isn’t a worry. Neither is the Russell 2000 index. Stocks won’t come apart so long as so many large-caps are … Read More
By Mitchell Clark, B.Comm. | May 15, 2014
If investor sentiment has changed to, once again, favor blue chip stocks over the market’s more speculative issues, oil and gas still have sectoral price momentum.
This is evident in the price action of many of these stocks, as well as the rate at which new secondary offerings are being taken up by institutional investors.
Domestic oil and gas producers are still pretty hot in a market less willing to … Read More