Archives for May 2015

May 2015 - Money Morning - Only the News You Can Profit From

Market Corruption Becomes Business as Usual

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Week after week, the news is filled with reports of law-breaking by institutions and individuals that hold positions of trust in society. Last week, FIFA, the body that rules the multi-billion dollar business of soccer, was hit by indictments of many of its senior officials who were charged with running a multi-year corruption scheme. The […]

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The "Unnatural Disaster" Ravaging Global Markets

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The tide is turning for crude oil prices. Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York. The recent rise in prices would seem to be just what the smaller operators in the U.S. need to avoid a sector meltdown. A few months back, when prices were pushing lows of $40 a barrel, there was widespread talk of a wave of bankruptcies coming in the oil patch. The picture is now better, given a recovery in crude prices.
The tide is turning for crude oil prices.

Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York.

The recent rise in prices would seem to be just what the smaller operators in the U.S. need to avoid a sector meltdown.

A few months back, when prices were pushing lows of $40 a barrel, there was widespread talk of a wave of bankruptcies coming in the oil patch. The picture is now better, given a recovery in crude prices.

But there is another shoe about to fall in the ongoing fight by smaller companies to survive. Here's my take on the disaster that's brewing - and the opportunities it may bring...

This 2008 Stock Market Crash Conspiracy Theory Will Give You Shivers

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We know the 2008 stock market crash started with irresponsible financiers doling out bad loans. And we know that Lehman Bros.' ultimate failure was the harbinger of what was to become the most desolate era in recent American economic history.

But what you might not know is we'd been warned… by an anonymous Internet user who went by the name of "Reinhardt."

Unfortunately, no one listened to his warnings. Here's his theory of why it all happened and who's really responsible for the Great Recession...

Canada's New Shale Oil Field Could Rival the Bakken

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Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.

In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.

This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.

Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.

Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.

Here's a look at the vast potential of Canada's Northwest Territories...

Why Shake Shack Stock (NYSE: SHAK) Is Not a Buy

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Shake Shack stock (NYSE: SHAK) is way over-hyped. In fact, it reminds us of another far-too-anticipated stock that met an unfortunate end not long ago.

The particular stock of which we're thinking died off because of a diet fad.

But we think Shack Shake's fate will be more eruptive in nature - and burst like a balloon!

Financial News Today Ignores the Reality Facing Greece and the Eurozone

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The financial news today is abuzz with headlines about the Greek debt crisis.

The biggest development came with International Monetary Fund Managing Director Christine Lagarde being quoted as saying that "a Greek exit is a possibility," adding the IMF to the chorus of Greek creditors who have raising the stakes on a possible "Grexit."

But here's what's getting lost in that conversation...

Why Inovio Stock Is Still a Buy After a 20% Dip

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One of our favorite biotech stocks, Inovio Pharmaceuticals Inc. (Nasdaq: INO), has seen a steep fall lately. Inovio stock is down 20.5% since it reached a 2015 high of $10.77 on April 22.

Even with this recent slip, INO is still one of our biggest triple-digit winners. Inovio stock is up 241% since Money Morning's Executive Editor Bill Patalon first recommended it to his readers in February 2013.

A 20% drop can send investors running for the exits. But now is not the time to panic and sell. Inovio stock remains a long-term stock to buy.

Here's why...

Intel Stock Needs the Altera Deal to Happen (INTC) (ALTR)

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Intel stock nudged up today (Friday) as yet another report hinted that the iconic chipmaker was close to an acquisition of Altera Corp. (Nasdaq: ALTR) for $15 billion.

It was just the latest rumor of a merger between the two companies. The news sent INTC stock up 1.46% – and for good reason.

Altera will give Intel a huge boost in the one area destined to produce the bulk of its profits in the years to come.