Archives for March 2014

March 2014 - Page 10 of 24 - Money Morning - Only the News You Can Profit From

Why Gold Prices Today Are at Three-Week Lows After FOMC Meeting

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Gold prices today (Thursday) (NYSE: GLD) continue to fall following U.S. Federal Reserve Chairwoman Janet Yellen's first-ever Federal Open Market Committee (FOMC) meeting, hitting a three-week low in early trading. The yellow metal's decreases over the last few sessions have obliterated all of March's gains, including a six-month high achieved on March 17.

Spot gold dropped as low as $1,320.24 an ounce, its lowest since Feb. 28; as recently as Monday, the metal was flirting with $1,400 an ounce. U.S. gold futures for April delivery fell to $15.30 an ounce at $1,326.00. Bullion for immediate delivery declined 0.5% to $1,323.18 in London.

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Warning: This Year's Spike in Margin Debt Is a Huge Red Flag for the Market

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Margin debt, the amount of money people have borrowed to buy stocks, is not only at a record high – it's accelerating.

This margin debt level is another sign that a stock market crash, while not necessarily imminent, is becoming more and more likely.

According to New York Stock Exchange data, margin debt reached $451.3 billion at the end of January – the fifth record month in a row.

we know what happened next...

Top Five Stories in Stock Market News Today and Earnings Calendar

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Stock market news today, March 20 2014: The Dow Jones Industrial Average slipped 0.7% on Wednesday to end at 16,222.17. The Nasdaq lost 0.59% to finish 4,307.60, while the S&P 500 slid 0.61% to 1,860.77.

Global markets and U.S. futures were down this morning following the announcement yesterday (Wednesday) by U.S. Federal Reserve Chairwoman Janet Yellen's comments that the central bank could increase interest rates ahead of market expectations, as early as Spring 2015.

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This "Forbidden" Market Is About to Crack Open

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I'll be making a major presentation at a Bloomberg advisory session on the recent opening of the Mexican energy markets.

After operating as a monopoly for 76 years, Mexico is now set to dismantle all the barriers to foreign investment in its oil fields.

And the topics I am going to discuss this week in Mexico City go well beyond what's immediately south of the border.

Why First Solar (Nasdaq: FSLR) Stock Is Up 21% Today, and Where It's Headed Now

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Shares of First Solar Inc. (Nasdaq: FSLR) are up more than 17% today (Wednesday) after the company released its guidance figures for 2014, 2015, and 2016 at its annual "Analyst Day" meeting.

First Solar expects full-year revenue in 2014 between $3.7 billion and $4 billion, and earnings per share (EPS) between $2.20 and $2.60. This time last year, the company had projected EPS between $2.50 and $4 for 2014.

For 2015, the company expects revenue between $3.8 billion and $4.3 billion, which is on the low end of analysts' estimates of $4.24 billion. FSLR projects 2015 EPS between $4.50 and $4.60, which is above the consensus estimate of $3.82.

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Obamacare Premiums in 2015 to "Skyrocket"

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Obamacare Premiums 2015

Obamacare premiums in 2015 will "skyrocket," anonymous healthcare industry officials said to The Hill on Wednesday.

The sources say Obamacare premiums will double in some states, in contrast to White House administration claims. One source, an insurance official from a populous swing state, said his company expects its rates to triple next year on the Obamacare exchange.

They attributed one cause of the looming increase to the law's troubled rollout.

almost no one can afford...

Today's FOMC Meeting: Data-Dependent and Dovish

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The end of today's Federal Open Market Committee (FOMC) meeting included fresh dovish language in its policy statement – but the market-friendly attitude failed to excite investors who were hoping for more.

As widely expected, the U.S. Federal Reserve announced it will stay the course on its bond tapering. Anticipated – but not as expected – the policy statement shed some light on eventual interest rate hikes.

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Dow Jones Industrial Average Falls After Yellen's First FOMC Meeting

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The markets crumbled today after the Federal Open Market Committee (FOMC) indicated a dovish approach to economic policy. At the closing bell, the Dow Jones Industrial Average fell 114 points to finish at 16,222. The Nasdaq slumped 25 points to finish at 4307, while the S&P 500 lost 11 points to close at 1860.

The FOMC moved the goal posts on Wednesday, altering its view of when the central bank should raise interest rates. At its first meeting with new Chair Janet Yellen at the helm, the committee elected to trim its asset-purchasing program (quantitative easing) by another $10 billion to $55 billion per month.

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