There’s a lucrative new trading “set-up” a lot of investors are using now. But unlike classic approaches, like “don’t fight the Fed,” and “the trend is your friend,” there are no rules on how to play this new game.
If this is Thursday, it must be…Brazil.
I returned home late last night from Baltimore where we were putting the final touches on one of the best energy investments yet, a huge new precedent-setting play we’ll be releasing very shortly.
The trend of companies in America hoarding cash keeps growing.
The 10 U.S. companies with the most cash reported a combined $540 billion in cash, cash equivalents, and short-term investments in their last quarterly reports. That’s up nearly 3.7% in just the last quarter.
These cash hoards are why activist investors like Carl Icahn have been pushing companies’ boards to share their wealth with stockholders.
As usual, Wall Street smiled upon Icahn’s triumph; Transocean stock went up 3.59% to $55.37 yesterday.
“I believe that Transocean is now on the road to realize its great potential,” a clearly thrilled Icahn said in a statement. He also tweeted: “Grt news for Transocean and activism today.”
There’s a shake-up brewing in the business world. Al Mulally, CEO of a rejuvenated, refocused, and red-hot Ford Motor Company, may be heading over to Microsoft, where CEO Steve Ballmer is retreating under fire.
When the Apple stock price (Nasdaq: AAPL) slipped below $400 in April and again in June, a lot of Wall Street pundits concluded that the company was a spent force and moved on.
But just when it looked like the Apple bears might be right, the company started to gain back lost ground.
BlackBerry Ltd. (Nasdaq: BBRY) stock suffered a black eye last week, but now a white knight hopes to turn things around for the company.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
The Fed is taking its foot off the gas, stocks are reacting wildly to any news, and no one knows if the market can function independently of quantitative easing.
No one but Shah Gilani, that is.
Many investors are understandably nervous when it comes to what the markets will do this week. Some are downright agitated.
My take? Keep calm.