Kinder Morgan Inc (KMI – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting an earnings beat of $0.27 but a revenue miss of $3.636 billion. Currently, KMI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from…
I had the privilege today to appear on Canada’s Business News Network. It is a great source for information on the Canadian economy and markets. I was interviewed by Michael Hainsworth. We discuss the Bank of Canada’s decision not to cut rates today, which seemed highly discounted in the interest rate and derivatives markets. The market seems…
The Chart of the Day belongs to ONE Gas (NYSE:OGS). I found the natural gas distribution stock by using Barchart to sort the 52 week high list first for technical buy signals, then I used the Flipchart feature to review the charts. ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas…
There was a time in 1985 when my commodity trading advisor was long silver. I was at a conference in Scottsdale, AZ and the position became hugely profitable. I walked into a meeting with a self-satisfied smirk thinking about what color the new Porsche should be. But when I left the meeting a short time…
A look at gold against stocks and foreign currencies, silver, and the gold miners GDX and GDXJ. Video length 00:12:43.
Today’s radical reversal in stocks notwithstanding, the continuing hits of liquidations are not achieving their settled ends. In purely financial terms, the entire process of liquidation is to renew a settled state. Local imbalances force restriction of financial resources (what used to be money but now is something recognizable as such but truly not money) which triggers…
Today offered the first real sign some form of capitulation kicked in. Volume was perhaps a little tame (although higher), but markets have reached a point where a short term bounce could be in the making. What may be of greater interest is what happens once we confirm a bounce is in effect. I suspect…
“Make no mistake about it, just as Lehman Brothers was set up to take the fall for triggering the 2008 collapse, China is being groomed as the new scapegoat for the coming crisis. But China’s economic slump is only a symptom, not the disease… The reality is that the repeal of Glass-Steagall ushered in the…
We begin with the UK where the Bank of England struck a decisively dovish tone. Source: WSJ The Federal Reserve now stands alone among the major developed economies in its quixotic quest to “normalize” monetary policy. More on this shortly. The British pound got hammered on this dovish news from the Bank of England. Source: barchart…
Last fall I wrote a post titled, “This Is Now The Worst Possible Environment For Stock Market Investors.” My point then was that stocks were very expensive, sentiment was exuberant and the trend had shifted to the downside. In other words, all three of the major components of my investing strategy were bearish. None of…
