Due to profit from hybrid cars as oil rises. Stock up today and 4.46% dividend yield.
Fed Hike expected in December as oil climbs. NEM in the Black, ABX and HL more speculative.
As a hedging strategy, buy a protective put on HL if you’re nervous. HL up today on Fed news.
GE Outstretched Arm of Goods to Iran and possible Compressor sales to the Middle East and Asia makes it a solid Dow Industrial. Additionally, it is has an attractive yield of 2.94%.
and Supports Nasdaq. This is the interpretation of this author from the action of the TQQQ and SQQQ. This author is bullish on the SQQQ because of the dichotomy yesterday between the Dow (up over 250) and Nasdaq down almost 50. The Nasdaq are the growth stocks for the millenials whereas the Dow propelling some stocks that were around during the Great Depression. This might be positive but is a negative sign because of the anemic jobs report and the layoffs in Silicon Valley.
JCPenny (NYSE: JCP) misses on all benchmarks, down 9.42% pre-market.
Watch BBY, WMT and TGT for this author’s predicted weakness.
Sterling has climbed against all of its 31 major peers since last Friday. It’s the surprise winner during the week of Donald Trump’s electoral upset in the U.S. that threw markets into turmoil as traders reappraised populist movements and inflation. The pound’s recent surge marks a reversal from last month, when it was the worst performer, trailing behind 150 peers.
While there are some specifics about President-elect Donald Trump‘s energy policy to be worked out, overall his presidency is “very bullish long term for oil and gas,” Warwick Energy CEO Kate Richard told CNBC on Thursday.
“For natural gas: winter. And for crude: OPEC and the OPEC meeting at the end of November. And both of those are bullish for the commodities which are probably bullish for the equities.”
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Consider my performance:
- $75 3/17/17 recommended purchased puts at $3.35, now bid $4.40. – Gain of 31.34%
- $67.50 3/17/17 recommended purchased at $1.90, now bid $2.10 – Gain of 10.53%
- $67.50 3/17/17 recommended purchased at $1.51, now bid $2.10 – Gain of 39.07%
Since orders have already been placed and inventories stocked, this could be the Last Great Black Friday for consumer electronics.
In an interview with The New York Times’ editorial board, Trump said he would consider placing a 45% tax on Chinese goods. Such a move could prove especially damaging for consumer technology companies such as Apple (AAPL), which produces the vast majority of its products in China. Indeed, most technology companies rely on Chinese manufacturing or Chinese parts.
“Some products will probably go up by 45%, but most products will not, because some of that profit will be absorbed by the producers,” Rogowsky said, adding that assemblers in China could offset some of the increased costs.
That said, such action would have far-reaching global consequences. The consumer technology industry is, after all, a worldwide market. Raising tariffs on China, then, could lead to tax spikes in companies as far away as Europe, through.
“Everything would rise for consumers and they would consume less. But that filters back through the whole supply chain. So American businesses, Korean businesses, Japanese businesses and German businesses would feel this,” Rogowsky explained.
“It’s easy to go out and threaten to do something about it,” Clementi said. “But it’s very, very difficult to go out and actually do something about it.”
Of course, presidential candidates regularly bash China and Japan over trade, Rogowsky said.
Still, he added, “The magnitude of what he expects to do, the large tariff increases, which would be almost prohibitive … seems almost remarkably unlikely.”
For Speculative Accounts Only: A huge bet on the fulfillment of this odyssey is the trading activity of 743 contracts in the TGT $67.50 4/21/17 puts selling for $2.95 (see negative action in AMZN).
For more risk seeking accounts, TGT $62.50 4/21/17 puts selling for $1.59.
For Speculative Accounts Only, a more surgical strike on consumer electronics is BBY 3/17/17 $33.00 puts selling for $1.34. For more risk seeking accounts, the BBY $32.00 3/17/17 puts are selling for $1.08. The puts with the 4rd most open interest are the BBY $30.00 3/17/17 selling for $0.49.
Timing for CHK prediction was, admittedly off, however the dollar will weaken in federal spending environment and big oil will recover on higher oil prices.