China is hoarding oil at the fastest pace in over a decade.
The nation added 787,000 barrels a day to its stockpiles in the first quarter of this year – the most for the period since at least 2004.
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?
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.
3 Tips on How to Buy Gold
Every investor should know how to buy gold correctly, to avoid scams and maximize value.
Here are three tips for successful gold buying.
After you read this, you'll be ready to get started...
Crude Oil Prices Today Fall 1.9% After This Bearish Report
Crude oil prices today tumbled in morning trading following last month's 20% rally.
Both Brent and WTI oil prices were down 1.9% and 2.5%, respectively.
And it's all thanks to this bearish supply data released by Reuters...
Gold Prices Cross $1,300 Today and They're Heading Much Higher in 2016
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...
The Price of Silver Has Boosted This ETF 137% Since January
It's obvious the price of silver is on a tear. Silver prices have climbed 15% in the past 30 days.
Now the price of silver is over $16 an ounce.
Dow Jones Industrial Average Today Up Slightly Despite Shaky China Data
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.
Why I'm Revising My 2016 Crude Oil Price Forecast Now
After the failed Doha meeting, doomsayers predicted the price of oil would crater. With WTI rising nearly 20% in April, they couldn't have been more wrong.
Don't Get Scammed by Financial Engineering This Earnings Season
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.
What Oil Needs to Sustain Its Rally
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...