Archives for March 2014

March 2014 - Page 9 of 24 - Money Morning - Only the News You Can Profit From

What if You Could Retire Better, More Affordably... And Even Earlier Than You Expected?

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When we left Omaha in 2001 to work as editors for International Living magazine in Quito, Ecuador, this idea-that you could live better for less in an overseas locale that closely matched your idea of paradise-was relatively novel. We could pretty much count all the "gringos" living in Ecuador at the time on one hand. Two or three in Cuenca, a handful in Vilcabamba, another handful in Otavalo. Most of the expats in Ecuador lived in Quito and were associated with the petroleum industry. Only a few were baby boomer "retirees."

But over the years, we've met more and more people who've done what we have.

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This Cutting-Edge Drug Has Endocyte (Nasdaq: ECYT) Stock Soaring

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nasdaq: ecyt

Endocyte Inc. (Nasdaq: ECYT) stock skyrocketed over 130% today (Friday) after the Indiana-based biopharma won market approval for its first drug, a cancer therapeutic called "vintafolide." The drug was developed in collaboration with Merck & Co. (NYSE: MRK).

Today, Merck announced the European Committee for Medicinal Products for Human Use (CHMP) issued a positive opinion of vintafolide, along with its companion imaging agent, etarfolatide. The drugs were part of a group CHMP voted to approve during a March 17-20 meeting.

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Mt. Gox "Discovers" 200,000 Bitcoins - What Else Are They Hiding?

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In a development that can only deepen suspicion about what really caused the demise of Mt. Gox, the bankrupt Bitcoin exchange made a surprise announcement late Thursday that it had found 200,000 bitcoins in an "old-format wallet."

mt. gox bankruptcyAs with most of the explanations coming from Mt. Gox Chief Executive Officer Mark Karpeles since the Bitcoin exchange first started having serious problems back in February, the idea that a business operation could "forget" and then find a sum equivalent to $120 million strains credulity.

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Silver Prices Today Rebound After Taking a Hit from FOMC

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Silver prices today (Friday) were modestly higher as bargain hunters stepped up to buy the dips. In early trading, spot silver last traded up $0.11 to $20.45.

It's been a volatile and punishing week for silver.

In morning trading Thursday, silver futures for May delivery slumped 2.3% to $20.355 an ounce, on pace for the biggest drop since March 7.

That put white metal prices heading for their fourth consecutive day of losses, the longest streak since Nov. 13...

The Top Stock Market News Today

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Top stock market news today, March 21, 2014:  The Dow Jones Industrial Average rose 108.88 points to finish at 16,331.05 The Nasdaq increased 11.68 points to finish at 4,319.29, while the S&P 500 added 11.24 points to close at 1,872.01. The markets soared on positive news from the Philly Fed manufacturing index.

On Friday, three U.S. Federal Reserve representatives will speak, offering fresh insights on Wednesday's FOMC meeting.

Meanwhile, U.S. futures are taking off this morning on news of improving U.S. data and a positive ratings upgrade for the nation's economy. Here's a look at what's on tap for today.

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The Biggest "Buy" Signal We've Seen

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We've said it over in Private Briefing many times: There are many reasons insiders sell shares of their company, but there's really only one reason they buy.

They believe their company's share price is headed higher – much higher.

And Eric M. DeMarco, CEO of high-level contractor Kratos Defense & Security Solutions, Inc (Nasdaq: KTOS), just bought 10,000 shares of his own stock.

The transaction took place Monday at $7.17 a share. Kratos zoomed nearly 9.2% yesterday to close at $7.74.

"BP, insiders are the ultimate arbiters of the future market value of a company," Money Map Press Chief Investment Strategist Keith Fitz-Gerald told me yesterday. "They enjoy the benefit of having the full purview of their company's future sales, future contracts, and future profits. They know what's coming down the pike."

How Apple Inc. (Nasdaq: AAPL) Will Dominate the Wearable Tech Wars

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Apple Inc. (Nasdaq: AAPL) has quietly been putting together a strategy that will allow it to gain the upper hand in a wearable tech market that is forecast to explode over the next few years.

Apple is expected to introduce its long-awaited iWatch device before the end of the year, but that's just one small part of what the Cupertino, Calif.-based tech giant has planned.

drive the most people to buy and use wearable tech devices...