Rosenblatt Securities is the latest firm to list a sell rating on Apple. That's five now, of the 57 tracked by Bloomberg. That's the most sell ratings on Apple since 1997. Bloomberg's Ryan Vlastelica reports: Skepticism surrounding the company has accelerated in 2019, with all five of the sell ratings coming in this year. Both New Street Research and HSBC lowered their ratings on the stock to sell in April, and in January, the number of firms with buy ratings dropped below 50% for the first time since 2004. The caution has been largely driven by uncertainty surrounding demand for the … [Read more...]
Tired of Sitting in the Waiting Room? There May Be a Solution
With the preponderance of technological solutions helping humans live easier each day, one nuisance of life has somehow survived, waiting in the doctor's office. Now, a company named Omada is looking to cut down the amount of time people spend in doctors' offices by using technology to deliver some services right to patients' homes. CNBC's Christina Farr reports: Omada now has 550 companies paying for its services that they provide to customers. Those clients include Costco, Cigna and Lowe’s, as well as more than 35 health plans. Unlike many other digital health start-ups, Omada focused … [Read more...]
In Investing, Be Brave When Others Are Scared
When others are scared in investing, it pays to be brave. So says analysis from Jan Dehn anyway. His work examining bad news cycles and emerging market returns shows that buying when others are afraid of EM markets can increase returns by 10 percent a year. The FT's Steve Johnson reports: Number-crunching by Jan Dehn, head of research at Ashmore, the British investment manager, suggests the best time to buy EM assets is during media blitzes — all driven by bad news — while the worst is when the EM world is so tranquil it barely garners a column inch. Mr Dehn analysed mentions of “emerging … [Read more...]
Would You Buy this Bond?
Imagine a bond from a creditworthy country that pays you each year for 100 years. The only catch is, it only pays 1.2%. Would you buy it? In Bloomberg, Marcus Ashworth calls the idea of the 100 year bond at 1.2% "madness." He writes: If you needed any more proof that the world of fixed income has gone mad in the rabid hunt for yield, look no further than the Republic of Austria. If you liked its 100-year debt issued two years ago with a 2.1% return, how about settling for the same maturity for 1.2% now? Yes, you read that right: A 100-year bond yielding about 1.2%. Austria is in the … [Read more...]
Is the Presidential Campaign a Threat to Market Security?
Recently on the campaign trail, Sen. Bernie Sanders, who is running in the Democratic Presidential primary, explained his plan to pay off American students' college debt by putting a tax on securities transactions. According to Felice Maranz at Bloomberg, Sanders' plan includes "a 0.5% tax on stock transactions, a 0.1% tax on bond trades and a .005% tax on derivatives transactions." Maranz continues, noting that shares of online brokers like TD Ameritrade and E*Trade fell in value after Sanders' comments, writing: The financial transaction tax (FTT) “boogeyman” appearing on the campaign … [Read more...]
Is Harvard Looting or Litigating?
In what seems to be a never-ending search by endowment funds for alternative investments, Harvard has joined a strategy that "invests" in lawsuit plaintiffs, and then reaps a share of any settlement. The so-called "litigation finance" business has raked in an estimated $9 billion from investors, according to Bloomberg. Despite the odd ethics behind funding a lawsuit against someone, the strategy has been successful. Bloomberg's Michael McDonald writes: “We see ourselves as providing the capital for the Davids to take on the Goliaths,” said Andrew Saker, chief executive officer of IMF Bentham, … [Read more...]
E-Cigarettes Face First Ban in San Fran
On Tuesday, San Francisco's Board of Supervisors voted to ban sales of e-cigarettes. That may be hard to imagine in a city with its own "Cannabis Tourism City Guide," but welcome to 2019. The city supervisors were ostensibly worried about the explosion of teen use of e-cigarettes. San Francisco based Juul, a leader in the e-cigarettes industry, will be hit by the ban. CNBC's Angelica LaVito reports: San Francisco on Tuesday became the first city in the country to ban e-cigarettes after city officials approved an ordinance that prohibits selling nicotine pods or devices that haven’t been … [Read more...]
Trade War Cooling Chinese Demand for American Housing?
For some time now Chinese demand for American real estate has accounted for a big part of the buying in some markets. Now, with a trade war escalating between China and the United States, it appears that some Chinese buyers may be pulling back. CNBC's Grace Shao reports: Chinese home buyers last year ponied up much less cash in the U.S. as the trade war continues to escalate between the world’s two largest economies. As President Donald Trump and President Xi Jinping prepare to meet this week, there are worries that decline in spending could extend further. U.S. property sales to … [Read more...]
Looks Like a Bull Market in Gold
Gold prices have broken out of a six year trading range. Gold is up over 11% YTD, and more than 21% since its August low. The chart below compares the performance of gold from its August 2018 low to the S&P 500. … [Read more...]
Does that Local Business Google Found for You Even Exist?
Tech solutions have made many aspects of life easier, but sometimes that ease of use also leaves tech open to exploitation. Google Maps is facing a problem in which some companies showing up on its maps don't exist at all, and other exist purely to perpetrate fraud. At The Wall Street Journal, Katherine Bindley discusses fake listings: Some fake business listings might just be a popular search term or phrase. The address might be occupied by an entirely different company, or it might not exist at all. The phone number might route you to a marketing firm, known as a lead-generation business, … [Read more...]
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