Archives for October 2014

October 2014 - Page 22 of 24 - Money Morning - Only the News You Can Profit From

The Profit Opportunity in Hong Kong's Unrest 

by

Most investors haven't got a clue about what Hong Kong's riots represent, let alone the investment potential that's being unleashed there. As a result, they're going to miss out on some really terrific profit opportunities.

Hong Kong is like an onion. Returned from a century of British rule to Beijing on June 30, 1997, there are layers and layers of subtleties. For most westerners, the place is a complete enigma.

For me, though, it's an economic playground. I've been very fortunate to have spent almost my entire career in global markets including a lot of time on the ground in Asia, so I am intimately familiar with both the culture and the perspective that can't be obtained by watching only Western news feeds.

It's this background that provides the ability to peer through the government and market filters, and find what I believe are solid niches for profit, even in the midst… and dangers… of the turmoil.

Indeed, understanding what's driving the unrest is our key...

Even Steve Jobs Got It Wrong Sometimes

by

Few today would question that the late Steve Jobs was a genius, but those many mega successes have obscured the fact that from time to time he got it wrong.

But Steve Jobs' failures can reveal as much about how he was able to re-invent entire industries as can his amazing achievements.

Like many tech geniuses, the late Apple Inc. (Nasdaq: AAPL) CEO was known for his willingness to be bold, take risks and defy conventional thinking. That philosophy necessarily resulted in both breakthroughs and belly flops.

Here's a look at nine of the biggest mistakes of his career...

Why Silver Prices Are Down Today - October 3, 2014

by

There are a number of factors that point toward why silver prices are down today (Friday), but the most plausible explanation comes from positive economic data released this morning. The jobs report released this morning revealed that unemployment ticked down to 5.9% – the first time it has been below 6% since July 2008 – […]

But we’re still bullish on the white metal given the easily identifiable factors undergirding the price slide.

The Keryx (Nasdaq: KERX) Media Blunder Will Add to Our 700% Gain

by

On August 29, 2012, shares of Keryx Biopharmaceuticals – a company focused on pharmaceutical products for patients with renal disease – closed for the day's session at $2.06. Exactly two years later, on August 29, 2014, the same stock closed at $18.19./

That's right: Investors made a 780% profit over their original position, and it looked like the price per share (PPS) was destined to climb considerably higher.

In fact, analysts had set their average first-year target for the stock at about $23. And there was every reason to believe Keryx would reach and break through that target after the FDA approved it for marketing in the United States on its PDUFA date, set for September 7.

But then something odd happened…

The FDA rendered its decision early, on September 5, and although the news was good – KERX's drug had been approved – the stock fell more than 11% by the session opening the following Monday and continued falling over the next few weeks – giving traders today an opportunity to take advantage of the situation and make huge profits.

Here's why...

U.S. Stock Market Rebounds from Morning Sell-Off - Here's What Happened

by

The U.S. stock market bounced back from a morning downswing to end the day flat, while investors remained cool about European Central Bank President Mario Draghi's intentions to define a specific stimulus program to help stave off recession in the Eurozone.

U.S. crude oil prices rebounded this afternoon after falling to as low as $88.18, the lowest price in nearly 18 months.

Here are the top stories from the stock market today…

U.S. Stock Market Slump Is a Chance to Buy

by

The past couple of weeks have been rough on the U.S. stock market, with all indexes down from their mid-September highs.

So is now the time to take profits and throw in the towel?

Money Morning Chief Investment Strategist Keith Fitz-Gerald doesn't think so. In fact, Fitz-Gerald says he wouldn't mind seeing the U.S. stock market dip a little lower to make his picks even cheaper.

To find out where Fitz-Gerald sees the best buying opportunities right now, check out this video.