Menu Close

Tag: Money Morning Premium Content

An Obamacare Bailout: A Struggling City’s Best New Budget Tool – Money Morning

Call it an “Obamacare Bailout” – while millions of Americans look for ways to opt out of Obamacare, broke Detroit is trying to get its residents signed up as soon as possible.

You see, Detroit has grossly over-pledged its benefits, pensions and fully-funded health care plans to thousands of public sector employees for decades, while its tax revenue dwindled.

Why Doesn’t Jack Lew Support the New Glass-Steagall Act? Money Morning

You’d think that in the wake of the Great Collapse of 2008, reviving the Glass-Steagall Act would be a no-brainer.

As it happens, there are quite a few powerful members of government who oppose it, including Treasury Secretary Jack Lew, who seems to be pushing Dodd-Frank and the Volcker Rule a little too hard as the only regulation that’s needed to keep the banks from making bad bets in toxic derivatives again.

How to Buy Physical Silver – Money Morning

If you don’t already know how to buy physical silver, you need to now before it’s all gone…

Even with silver prices down for the year, sales of physical silver have hit record highs. The public has been buying a record amount of silver bullion coins from the U.S. Mint in the first half of 2013, with sales hitting 24.03 million ounces.

The acting director of the Mint, Richard Peterson, said that demand for such coins remains at an “unprecedented level.” He expects record sales for the year overall.

If you want to buy silver bullion coins, act now.

If you want to explore other options, we have a list here of what you should consider. As you bulk up your asset protection strategy, there are a number of ways to include physical silver.

To continue reading, please click here…

Facebook (Nasdaq: FB) Stock Zooms – But Don’t Let Earnings Fool You – Money Morning

Facebook (Nasdaq: FB) stock is up more than 30% today as investors applaud the second-quarter earnings report released yesterday (Wednesday).

Investors were thrilled to see FB earnings improve from previous disastrous quarters, and their exuberance pushed Facebook stock above $30 a share for the first time since January.

But, before you think FB stock is now the hottest investment of 2013, take a closer look at what’s going on.

First off, some of the gains are very likely thanks to a short squeeze. Heading into the release, some 39,754,124 FB shares were sold short, making it currently one of Nasdaq’s most heavily shorted stocks.

Volume suggested a race to cover shorts was in play.

And despite the solid gains, Facebook stock still isn’t trading over its May 2012 IPO price of $38, a level not seen since the famously flawed debut.

“Bottom line to me is Facebook may prove to be a great short-term trading opportunity, but I remain absolutely convinced it has no place in a long-term investor’s portfolio,” Money Morning Chief Investment Strategist Keith Fitz-Gerald said. “Where’s Eastern Airlines today? Where’s Palm Inc.? Research in Motion (Nasdaq: BBRY)? AOL Inc. (NYSE: AOL)? Myspace?”

While some investors get lured into this Facebook exuberance, here’s why Fitz-Gerald warns against it.

Sure, Facebook Earnings Weren’t Bad…

FB stock opinion aside, there’s no question this was the best Facebook earnings report since the company went public.

The social media giant posted earnings of $0.19 a share, a nickel better than forecasts, and up from $0.12 a year earlier. Revenue climbed to $1.81 billion, also beating projections of $1.62 billion, and up 53% from $1.18 billion a year ago.

The big question on everyone’s minds was how the Menlo Park, CA-based company tackled mobile. Facebook was late to the mobile arena and has been playing catch-up since. It finally appears as though it’s making headway.

Mobile advertising revenue accounted for roughly 41% of Facebook’s $1.60 billion in total advertising revenue in Q2, up from 30% in the first quarter.

Read More…

Facebook (Nasdaq: FB) Earnings: It’s All About Mobile – Money Morning

One of the most closely watched earnings reports comes after the close Wednesday when Facebook Inc. (Nasdaq: FB) earnings for the second quarter are released.

Wall Street analysts expect the company to post earnings of $0.14 per share on revenue of $1.62 billion, up from $0.12 per share on $1.18 billion in revenue from the same quarter a year ago.

After scouring the numbers, the key question will be how well the company is monetizing its massive mobile user base.

To continue reading, please click here…