Preliminary July data suggests that manufacturing activity in China contracted for the first time in one year. The HSBC preliminary purchasing managers index (PMI) fell to 48.9 in July from 50.1 in June. A reading above 50 indicates expansion of manufacturing activity while a reading below 50 indicates contraction. The… Read More
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Analyst Articles
Investing in platinum and private equity firms. Read More
Updates on past recommendations and how they've fared. Read More
Loans and sportswear plus our regular Checkup. Read More
Two top investing experts tell us what to buy now and why. Read More
Stocks in the U.S. have snapped the downtrend and are moving higher today on the optimism stemming from corporate earnings. IBM, a technology bellwether, is trading at an all-time high after beating estimates and boosting its forecast. Among consumer and healthcare companies, Coca-Cola and Johnson & Johnson beat estimates as well. Read More
Last week we reduced the number of positions we hold. First, we closed the Direxion Daily Financial Bear 3X Shares (FAZ) ETF on the expectations that the Fed will not let the markets deteriorate, for a 12 percent loss. In addition, our EMC (EMC) July 29 call option has expired. We also opened one new position last week, leveraged to the downside – the Garmin January 33 put option. The stock has been week, although not as weak as its main rival, another maker of portable navigation systems TomTom NV. The company does not report until early August; in the meantime, we’ll be watching both stocks as they often move in tandem. New subscribers can open a position by setting a limit to pay no more than $3.80 per contract. Our Mosaic (MOS) September 80 call option, while out of the money, is benefiting from the strong action in the stock today. Hold. Gold has backed off from a record set yesterday, but our gold positions, which include the Market Vectors Gold Miners (GDX) September 57 call option,and equity positions in Gabriel Resources (GBU.TO, GBRRF) and NovaGold Resources (NG), have all benefited from its strong run. In addition, Gabriel Resources (GBU.TO, GBRRF) has received an extra boost as an independent panel the company had set up issued an archaeological discharge certificate for its open pit mine. Read More
The Bank of Korea declined to raise interest rates this week but cut its forecast for 2011 economic growth. The central bank said that South Korea’s gross domestic product would grow 4.3 percent this year, down from the 4.5 percent predicted in April. The economy is forecast to expand by… Read More
Buy to open the Garmin January 33 put option. Set a limit to pay no more than $3.75 per contract. Read More
Sell the Direxion Daily Financial Bear 3X Shares (FAZ) ETF at the market. Read More