Nvidia, a member of the high-flying NYSE FANG+ index, reported third quarter results yesterday that missed estimates. The stock is down 19% this morning, and over 42% since October 1st. Why have the shares cratered? Earnings are up 32% over the last year and the outlook remains positive with Goldman saying Nvidia “has access to one of the best growth opportunity sets in semis.” The problem for Nvidia shareholders, in a word, was price. Early this year, Nvidia traded as high as 60X earnings. Investors buying shares at those levels were forgoing a necessary margin of safety. Without a … [Read more...]
Here’s why Diversification is Vital
The wildfires currently raging in California have decimated thousands of acres of land, including homes and businesses. Around 100 people are still considered missing. That is simply a catastrophe, and at Young Research & Publishing we thank the first responders trying to stop the blaze, and hope the missing are reunited with their families soon. Possibly to blame for the fires is PG&E, the power utility for much of California. The utility reported a power outage in the area shortly before the outbreak of the fire known as the Camp fire (there are multiple major blazes occurring … [Read more...]
Oil Market Turbulence
Oil's recent big price drops are some of the largest ever. Stephanie Yang and Christopher Alessi report: Oil prices notched their longest losing streak on record Monday, as comments from President Trump negated expectations that the global oil cartel and its allies will cut production. Light, sweet crude for December delivery fell 0.4% to $59.93 a barrel on the New York Mercantile Exchange, marking the 11th consecutive session of losses, the longest in data going back to 1983. Brent crude, the global benchmark, also closed lower, down 0.1% to $70.12 a barrel. Read more here. … [Read more...]
Did Apple Raise Prices too Much?
Lumentum, an Apple supplier, told investors it is cutting its outlook for the second quarter, possibly signalling that Apple's business is taking a hit. Tech investors reacted by pushing Lumentum's stock price down 30%, and Apple's down 4.1%. Is it possible that Apple has raised prices too high for its products, thereby decreasing demand? Ryan Vlastelica reports for Bloomberg: The latest warning sign was Lumentum Holdings Inc. cutting its second-quarter outlook after one of its largest customers asked to “meaningfully reduce shipments” for previously placed orders. Lumentum didn’t name the … [Read more...]
Jobs, Jobs, and More Jobs
On the campaign trail recently President Trump touted a new slogan, Jobs not Mobs, and he has delivered. Today's Employment Situation Report from the Bureau of Labor Statistics detailed October's strong gain of 250,000 jobs. Unemployment remains at 3.7%, matching the lowest rates since 1969. Combined with strong wage increases reported earlier this week, the strong job report has set stock futures rising. You can read the full BLS report below. [pdf-embedder url="https://www.yoursurvivalguy.com/wp-content/uploads/2018/11/empsit.pdf"] Originally posted on Yoursurvivalguy.com. … [Read more...]
T-Bill Yields Now Above Stock Yields
This is One Ugly Looking Chart
Emerging markets stocks have gotten clubbed since hitting a high in January. The iShares Emerging Markets ETF is down 14% from its January peak and more than 5% on the year. And if you believe the charts, EM could hit an air pocket before the asset class sees support. For what was one of the most lauded investments of year, it has been an ugly five months. … [Read more...]
America Records Lowest Birth Rates in 30 Years
In 2017, the United States recorded its lowest birth rate in 30 years. Population growth was the second lowest in 79 years, only slightly higher than 2013. Bloomberg reports: The number of births in the U.S. declined for the third year in a row in 2017 to 3,853,472, the lowest level since 1987, the National Center for Health Statistics reported Thursday. Births were down 2 percent, or 92,403, from 2016. The birth rate for women aged 15 to 39 declined from 2016 to 2017 but rose in that same time period for those aged 40 to 44. Teenage birth rates fell 7 percent from 2016 to a record low … [Read more...]
America Exports More than Ever Before in March
America's trade deficit shrank for the first time in 10 months in March thanks to exports that were the highest in the nation's history. Paul Wiseman reports for the AP: The Commerce Department says the trade deficit — the difference between what America sells and what it buys in foreign markets — slid to $49 billion, down from $57.7 billion in February and lowest since September. Trump has vowed to bring down America's massive deficits, which he blames on bad trade agreements and abusive practices by U.S. trading partners. Exports rose in March to a record $208.5 billion, led by … [Read more...]
The Economy Hasn’t Done this in Over a Decade
According to the Atlanta Fed GDP Now Forecast, economic growth in the fourth quarter is on pace to surpass 3% for the third consecutive quarter. As you can see in the chart below, the American economy hasn’t put together three consecutive quarters of 3% plus growth in over a decade. Burdensome regulation and anti-business sentiment apparently had a bigger impact on the economy than many assumed. The economy has grown at such a subdued rate for so long that economists started to assume the U.S. wasn’t capable of growing at 3% again. Three percent is above average growth with today’s … [Read more...]
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