Investing and Analysis

Tech Earnings Expected to Fall Overall: Sentiment Picture Mixed

Earnings season is underway at this time, and the few stocks that have announced have produced some mixed results so far. One industry that is expected to see earnings decline in the second quarter is the tech sector, and we have seen mixed results from International Business Machines (NYSE: IBM) and Netflix (Nasdaq: NFLX). IBM saw earnings grow, but revenue ...

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Can the Huge First Half Rally Continue?

Back in December, I wrote pieces for both Bull Market Rodeo and Seeking Alpha expressing how I thought stocks would rally in the first quarter. The market was the most oversold it had been in some time, and investor sentiment was the lowest it had been in years. Investors were flocking to bonds and that looked like a good sign ...

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“The Everything Rally”

I am a man of routine. I get up at the same time every weekday morning and hit the exercise bike. I turn on Bloomberg TV while I ride to catch up on the financial news and find out what stock, bond, oil, and gold futures are doing. On Thursday morning, I awoke to huge gains in almost all futures ...

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BAML Survey Shows Historically Low Investor Sentiment

The latest Bank of America Merrill Lynch survey of investment managers came out on Tuesday and it showed incredibly low allocations to equities, high allocations to cash, and overcrowding in the long treasury trade. Let’s break down each aspect of those three investment categories. First, the funds showed an overall allocation of 21% to global equities, and that is the ...

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Oil Tumbles for a Second Consecutive Week

West Texas Intermediate Crude moved from below $45 a barrel to over $65 a barrel from December through April, but after breaking the $65 mark, the price has tumbled in recent weeks. As of Friday morning, the price was flirting with a key support level in the $55 area. The weekly chart below doesn’t reflect the downward move on Friday ...

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