Archives for May 2016

May 2016 - Page 30 of 30 - Money Morning - Only the News You Can Profit From

Should I Buy Tesla Stock After Q1 Earnings?

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Tesla stock owners are hoping for good news on May 4, when CEO Elon Musk reveals the results from Q1 2016.

Wall Street is going to be focused on if Musk can keep up with the 80,000 to 90,000 vehicles he promised to deliver.

But since this stock is so volatile, our readers have been asking us if this is the right time to buy shares in Tesla. Here's everything you need to know...

Gold Prices Cross $1,300 Today and They're Heading Much Higher in 2016

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Gold prices gained for a sixth consecutive session Monday and reached the $1,300 mark for the first time in over a year.

Negative interest rates, slowing global growth, and a possible Brexit are all catalysts for gold prices.

And recent developments in China could be one of the biggest drivers yet of gold prices...

Dow Jones Industrial Average Today Up Slightly Despite Shaky China Data

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The Dow Jones Industrial Average today is slightly up despite bad economic news from China.

China reported economic data that didn't impress economists, and many are worried that the country will fall into a liquidity trap.

But that's not everything - here's what you need to know about what is going on in the stock market for May 2...

Don't Get Scammed by Financial Engineering This Earnings Season

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Wall Street is playing a game with your money.

And just about everyone on the Street is in on it… Analysts, financial media, data compilers, CEOs are all working in concert to obscure the information you need to make the most fundamentally important investment decision of all: to buy or to sell.

The game is "hide the earnings," and, naturally, its sole purpose is to make corporate earnings look better (often a lot better) than they actually are. After all, central banks, macro events, and existential crises all impact share prices, but it's earnings that really drive them. 

If it all sounds like a con, well… it is. A perfectly legal one, pulled off with "creative accounting" that puts dubious non-GAAP earnings ahead of consistent, reliable generally accepted accounting principles-derived earnings.

So today, I'm going to name names and tell you about one of the biggest culprits this earnings season.

And, since it's very likely you own these shares, I'm going to show you a really simple calculation you can use to get to the truth, because you certainly can't expect it from Wall Street...

What Oil Needs to Sustain Its Rally

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Despite heroic profits reported by two of the FANGs – Facebook, Inc. (Nasdaq: FB) and Amazon.com, Inc. (Nasdaq: AMZN) – stocks had a very rough week.

The Dow Jones Industrial Average fell 230 points or 1.28% to 17,773.64 while the S&P 500 lost 26 points of 1.26% to 2065.30. The Nasdaq Composite Index lost 2.67% to 4775.36 as Facebook and Amazon sucked the air and much of the profitability out of the room in the technology sector.

The other half of the FANGs, Apple, Inc. (Nasdaq: AAPL) and Alphabet Inc. (Nasdaq: GOOGL), took it on the chin after disappointing investors, and Apple in particular is struggling with the laws of large numbers, a phenomenon that Amazon and Facebook will eventually have to deal with.

The overall market is still very expensive and three of the four FANGs (other than Apple) remain in a bubble.

But here's what I really want to talk to you about today...