ISM Services Report Hints at Mixed Bag of Sentiment; (AA)
I suppose every analyst has their favorite economic indicators, whether due to the specific sectors they follow or their slant towards bottoms-up or top-down analysis. To the latter, I try to as much of both as my resources allow, and to the former, I am a big fan of the ISM services report. (you can [...]
The Not-Ready-For-Primetime Stock List
Several readers have asked me what particular stocks are on my radar these days.
The list is actually quite long, but unfortunately it’s chock full of companies that just don’t seem to grasp their own potential. But since I’m currently giving away my best ideas for free, I have no problem presenting a list of my [...]
Trimming Freeport-McMoRan (FCX) in Secular Trends Portfolio; Thanks For the Crazy Ride
The next few trading sessions will constitute what is, for me, a rash of trading as I adjust the allocations within the Secular Trends Portfolio. For readers who have been wondering why it’s been so quiet around here, I offer my apologies for not being able to speak with you more frequently.
I took on some [...]
Goldman’s Reversal on Commodities in 2009 Caps a Bipolar Year; Caterpillar Cut to Sell (CAT)
Goldman has gone from from permabull (remember the $200 oil “super-spike” call from May?) to permabear in less than one year’s time. Earlier this year the call was for an average spot price for crude between $110-$120 through 2011; today the 2009 average spot was pegged at $45. In conjunction, Goldman is slashing estimates for [...]
A Critical Day Approaches for Commodities; A Look at Wheat, Aluminum, Copper (AA, FCX, POT)
In addition to the disappointing close in the U.S. equity markets yesterday, there was also a renewed breakdown in the prices of many commodities. Due to their leverage as catalysts to Potash Corp (POT), Alcoa (AA), and Freeport-McMoRan (FCX), I’m focusing in on wheat, aluminum, and copper.
Wheat
After forming a solid bottom around the $500 [...]
Freeport-McMoRan Suspends Dividend; Slashes Targets (FCX)
Copper, gold, and molybdenum producer Freeport-McMoRan (FCX) has released a cast iron, kitchen sink of a statement this morning, announcing the suspension of the $2/share annual dividend and a 50% cut in 2009 capital expenditures, along with volume cuts for copper and moly covering the next two years.
The moves come in response to rapidly falling [...]
Brain Purge - Links For Friday
For today’s Brain Purge, as with last week’s addition, I find myself spinning the electronic globe for any signs of inflection. At this point, inflections in sentiment are just as important - if not more - than outright good news.
Fundamental Buyers Twiddlin’ Thumbs ‘n Holdin’ Cash
There’s not much out there to grab hold of; the [...]
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Investopedia Commentary- America's Biggest Companies Look Reasonably Priced (XOM, MSFT, QQQQ, AIG, BAC)
- Sandridge Energy Shifts Towards Oil (SD, OXY)
- Stong Dividends Worth A Look (AINV, STD, FNF, NYB, PBCT, NLY, CIM, EQR, HRP, MFA)
- The Bear Market Bottom - One Year Later (SMRT, FITB, DNDN, LVS)
- Anadarko Petroleum Analyst Meeting Review (APC)
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Pragmatic commentary on U.S. & global investing, demographics & secular trends, and the valuation of anything worth valuing. Objective, unbiased research; We believe in minimal design, zero gimmicks, and maximum results.
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Secular Trends Holdings
- Secular Trends Portfolio Real-Time Positions
- The Fuel That Fed the Subprime Meltdown (Written in September 2007)
- Performance Studies on the DJIA & Fundamental Value Stocks (11/22/08)
- Las Vegas Sands - Are They Sustainable in 2009? (Published 11/15/08)
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