By Mitchell Clark, B.Comm. | May 9, 2014
If there’s one sector of the stock market still poised for more capital gains, it has to be in domestic oil and gas producers.
This sector continues to be a top wealth creator. Most of the action is in the junior and mid-tier producers, as well as the limited partnerships focused on storage and distribution.
On the other hand, large, integrated producers are running into oil equivalent production issues. Both … Read More
By Mitchell Clark, B.Comm. | April 15, 2014
The strength in this market is with oil, as both the spot price and oil stocks are holding up very well.
While the broader market has been experiencing a well-deserved price retrenchment, both large- and small-cap oil stocks have been on the comeback trail. The price strength is helpful as speculative fervor continues to come out of equities. The performance illustrates how helpful sectoral portfolio diversification can be when asset … Read More
By Mitchell Clark, B.Comm. | April 10, 2014
The S&P 500 index really hasn’t done much since the beginning of the year but churn…but then again, why shouldn’t it?
For stocks, 2013 was an exceptional year. If we get another positive year on top of dividends, then it’s total gravy.
The capital gains over the last several years have been highly unusual, representative of the gains often seen after a major financial crisis.
There are no bandwagons to … Read More
By Mitchell Clark, B.Comm. | February 18, 2014
Quite a bit of speculative fervor has been zapped out of this market, which is helpful for the longer-run trend.
With the exception of biotechnology stocks, trading action has softened in initial public offerings (IPOs), 3D (three-dimensional) printer stocks, cloud software stocks, and even a lot of restaurant stocks that only recently were very hot.
The stock market is just a continuing cycle of fluctuating investor sentiment. Valuations among junior … Read More
By Michael Lombardi, MBA | December 16, 2013
In the month of November, the U.S. government registered a budget deficit of $135 billion. Over the course of the month, it spent $318 billion and only took in $182 billion. So far for the fiscal year 2014, which began in October, the U.S. government has registered a budget deficit of $227 billion; that’s an average of $113.5 billion a month so far this fiscal year. (Source: Department of the … Read More
By Michael Lombardi, MBA | December 2, 2013
This morning we learned sales for this year’s Black Friday weekend declined for the first time since 2009. I have been warning my readers for months that falling consumer confidence would result in a pullback in consumer spending—and that’s exactly what’s happening this holiday shopping season.
According to the National Retail Federation, consumers spent an average of $407.02 from Thursday through Sunday, down about four percent from what they spent … Read More
By Michael Lombardi, MBA | December 2, 2013
As gold bullion prices continue to take a beating because of the belief that the easy money policies of the Fed won’t go away anytime soon, silver prices have fallen into the same rut. Just like gold bullion, the silver market has also become a place where bears prevail.
But in the midst of the negativity towards silver, I see that the fundamentals that ultimately drive silver prices higher are … Read More
By Mitchell Clark, B.Comm. | October 30, 2013
Those interested in the oil business will know that smaller stocks in the sector have mostly been doing very well, even as the spot price of the commodity dropped below $100.00 a barrel.
The run-up has been pronounced in a number of companies, likely in anticipation of third-quarter earnings. Oil stocks advancing on declining spot prices is a very unusual development in the resource sector. But there is definitely an … Read More
By Mitchell Clark, B.Comm. | October 18, 2013
If the trend is your friend on Wall Street, it’s also the case that there are opportunities and value among stocks that have been abandoned by investors.
While the financial media tends to prefer doom and gloom, genuine opportunity in the stock market is rarely in the headlines. The focus needn’t be on what is wrong with the world; we already know that. What’s lacking is how you can profit … Read More
By Mitchell Clark, B.Comm. | October 17, 2013
So far this earnings season, there’s no big revelation among earnings results from brand-name companies yet. With reduced expectations, financial metrics are currently being met.
Earnings from The Charles Schwab Corporation (SCHW) came in solid. The company reported third-quarter earnings of $290 million, representing solid growth of 17% over the comparable quarter.
Sales grew 15% to $1.37 billion, with double-digit growth being experienced in all three of the company’s main … Read More