Category

Wall Street

Wall Street

Get Ready for Earnings Season – Wall Street's Quarterly Shell Game

It's earnings season. And for company players, the game is about trying to beat analysts' estimates, to get your company's stock to pop so you look better than your reflection.

But the game is rigged. And like high-frequency trading and so many other "institutionalized" games on the Street that are sucking the life out of other people's dreams, it's not illegal.

Here's how earnings are manipulated, and why it should be stopped...

Wall Street

Why You Need to Read Michael Lewis' New Exposé

No doubt you've heard about Michael Lewis' new book, "Flash Boys."

And, no doubt you've been hearing more than ever before about the subject of Lewis' book, high-frequency trading (HFT).

I ran to Barnes & Noble to buy the book the second I heard about it last week. They didn't have any copies. So, I ordered it online, which was cheaper anyway.

And now he has a confession to make...

Wall Street

The Real Reason the Stock Market Is Rigged

Everyone's talking about Michael Lewis' latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.

What they're not talking about is how the markets have been set up for institutionalized rigging.

I'm not kidding.

The markets are rigged. You're going to have to get over it and deal with it.

The rigging is in the system and that's just the way it is…

As to HFT, I'll get to that...

Wall Street

What High-Frequency Traders Actually Do

High-frequency trading is fundamentally based on how market participants (for this discussion I'm talking about stock markets) place their orders to buy and sell shares and how HFT players act on those orders.

For every stock that's traded there is always (or at least it used to be "always") a "bid" and an "ask" price. Sometimes you'll hear the term "offer" or "offered" price, those terms are interchangeable with the term "ask" or "asking price."

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Hot Stocks

Why Wall Street Would Love to Bug Our Phones

Every month or so, Keith Fitz-Gerald, Shah Gilani or a few of the other editors here at Money Map Press will wonder aloud if the big Wall Street investment banks have secreted a bunch of listening-device "bugs" in our offices or on our phones.

They haven't, of course. And our comments were made in jest – and meant only as a joke.
But the coincidences that prompt these surveillance-by-Big-Brother quips can be quite remarkable.

Let me share a brand-new story that shows you what I mean….

Let me share a brand-new story that shows you what I mean....

Top News

Why Coach (NYSE: COH) Stock Dropped 8% Today

Coach Inc. (NYSE: COH) stock plunged as low as 8.13% today (Wednesday) after its Q2 earnings release delivered this disappointing data…

Analysts expected to see earnings around $1.11 per share and revenue of $1.48 billion. What they got instead was EPS at $1.06 and a revenue of $1.42 billion. The Q2 earnings represent a 16% drop from a year ago.

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Investing Tips

Three Shocking Market Predictions for 2014… And the Evidence to Prove Them

Each January, we hear a chorus of pundits making predictions about where the markets will go in the 12 months ahead. The number and volume level of the "predictions" is matched only by the utter lack of evidence to back them up.

These talking heads will be the first to shout "I told you so!" But when they get it wrong, well… the silence is deafening. Their predictions are of little use to us.

But predictions themselves can be very useful. Making a well-reasoned prediction can be a great way to crystallize your thinking on important issues. It's also a good filter that can help you select which trends and sectors to embrace – and which to avoid – over the year ahead.

With this in mind, I have three predictions, all backed by compelling evidence, that will surprise you... and help you make a lot of money this year.

Top News

Don't Be Fooled by Goldman Sachs' (NYSE: GS) Earnings Beat

Goldman Sachs (NYSE: GS) stock rose 1.22% yesterday (Wednesday) to $178.75, ahead of today's Q4 earnings release.

Analysts project EPS of $4.21 on revenue of $7.71 billion. Those figures are down from last year, when GS reported EPS of $5.60 on revenue of $9.24 billion.

The bank is scheduled to report earnings at 7:30 A.M. EST and will follow up with a conference call at 9:30 A.M.

GS stock has performed well lately, up 10% in the last three months and 29% in the last year.

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