It was only six weeks ago that I reiterated my confidence that Wells Fargo (NYSE: WFC) would fully recover from an embarrassing scandal triggered by the admission a year ago that bank employees had opened approximately 2 million bogus deposit and credit card accounts over several years to achieve ambitious… Read More
Jim Pearce is the Chief Investment Strategist of Personal Finance, our flagship publication, and manages two trading services, PF Pro and Mayhem Trader. He began his career as a stockbroker in 1983 and over the years has managed client investment portfolios for major banks, brokerage firms, and investment advisors. Jim earned a BA from The College of William & Mary and the CFP designation from the College of Financial Planning.
Analyst Articles
The stock dropped two weeks ago after the release of what appeared to be a fairly innocuous press release stating that its IDMC approved the continuation of its stage-3 trial. Read More
At the moment there is no chatter to suggest that anyone is taking a serious look at buying this business, but that is precisely the point. Read More
Many analysts are clamoring for a tax cut to soothe the markets, but historical evidence suggests that the case for a tax cut helping stocks is tenuous at best. Read More
In the long run, none of the things that happened last month may have a material impact on the stock market, which ended the month of August flat; but in the near term, all of them can incite emotional reactions that most definitely affect the financial markets. Read More
The prospect of a major tax cut is bringing some sunshine back to the stock market, after spending the past couple of weeks in the shadow of escalating hostilities at home and abroad. Read More
WDC is the kind of stock that could quickly run up the charts if Congress passes corporate tax reform that encourages repatriation of cash held overseas. Read More
The stock dropped more than 10% after the company issued a press release stating that its Chief Merchandising Officer is leaving the company. Read More
Since a lot of presumed bad news is already priced into the stock any good news should propel it higher. Read More
The beauty of event-driven trading is that you don’t have to be in a stock very long, nor do you have to commit a lot of money to it, to generate huge profits. The stock market’s reaction to these sorts of events is usually swift and severe, and leveraged investments such as options can be used to magnify the change in value of the underlying stock. Read More