Time to Gamble on Casinos… Again Two months ago, we pointed out how the Dow Jones Casino Index (BJK) – which consists of names like Wynn Resorts (WYNN), Las Vegas Sands (LVS) and MGM Resorts (MGM) – had broken out of a long-term downtrend and represented a compelling entry opportunity. They got off to a strong start too. The market threw...
Time to Gamble on Casinos… Again Two months ago, we pointed out how the Dow Jones Casino Index (BJK) – which consists of names like Wynn Resorts (WYNN), Las Vegas Sands (LVS) and MGM Resorts (MGM) – had broken out of a long-term downtrend and represented a compelling entry opportunity. They got off to a strong start too. The market threw...
Crude Oil Could Soon Find Yet Another Tailwind…a Falling U.S. Dollar Crude oil (USO) hit new multi-week highs on Wednesday, extending what's not become a three-month winning streak. All told, crude prices are up 78% since January's lows, and still going strong. Wednesday's leg of the rally was founded on reports that the nation's crude stockpile was slimmed down by an...
Crude Oil Could Soon Find Yet Another Tailwind…a Falling U.S. Dollar Crude oil (USO) hit new multi-week highs on Wednesday, extending what's not become a three-month winning streak. All told, crude prices are up 78% since January's lows, and still going strong. Wednesday's leg of the rally was founded on reports that the nation's crude stockpile was slimmed down by...
3 Sectors To Watch For Summer Assuming the summer of 2016 is like most, the next few months are likely to be fairly quiet for stocks. There's simply not a lot going on economically to stir the earnings spot, so to speak (good or bad), an even if there was, many traders are focused on matters other than the market during...
3 Summertime Sectors to Watch Assuming the summer of 2016 is like most, the next few months are likely to be fairly quiet for stocks. There's simply not a lot going on economically to stir the earnings spot, so to speak (good or bad), an even if there was, many traders are focused on matters other than the market during this...
Mortgage REITs Up at the Expense of Most Everything Else With the distinct possibility of stocks taking a sizeable hit in the near future, it would be easy to simply cash out everything and then simply wait on the sidelines for what looks to be the bottom. Thing is, just because stocks are falling – or could fall in the...
Weak Q1 Earnings Put Pressure on Valuation Hopes With 72% of the market's first quarter earnings results now in hand, we've got a pretty good feel for what corporate bottom lines were like during Q1. They could have been better. But, they could have been worse too. Overall, the S&P 500's (SPX) (SPY) per-share bottom line for the first quarter...
U.S. Bond Yields, Interest Rates Facing a Currency Headwind Most market-data junkies know that bonds have been on the rise this year while rates have forced on only fallen. What may not be fully appreciated, however, is just how close both are two game-changing levels. With just a little more improvement in bond prices and/or a little more weakness in yields,...
For Chevron (CVX), It's All Up to Oil Prices Now Not only were the numbers Chevron (CVX) posted for its first fiscal quarter of 2016 well short of its comparable numbers from Q1 of 2015, both the top line and the bottom line missed estimates. In the first quarter of 2016, oil giant Chevron lost $725 million, or 39 cents...
