Tag: Gold (FOREX:XAUUSDO)

Under Armour's Earnings Just Weren't Enough

Posted on by The INO.com Team

Under Armour Inc. (NYSE:UA) reported its third quarter results Thursday morning, and it managed to beat expectations. But you wouldn't know that if you looked at its stock price today. It's been trading in the -6% loss territory all day.

Under Armour even set a record in the 3rd quarter by having their first ever $1 billion revenue quarter. In fact, they topped $1.2 billion in revenue and yet, it wasn't enough for investors today. Revenue jumped 28%, topping the $1.18 billion Wall Street expected from Under Armour. Earnings per share also advanced, rising to .45 from .41 a year ago, topping the .44 that analysts were looking for. Is this just profit taking or is there something else going on? I'll share with you my thoughts on Under Armour. Continue reading "Under Armour's Earnings Just Weren't Enough" →

Starbucks, Netflix, Gold and A Whole Lot More

Posted on by The INO.com Team

Hello MarketClub members everywhere! I have a lot to cover today, so let's get started right away.

Starbucks gave a major buy signal yesterday. I have talked about the $59.50 area as resistance and that barrier was breached with Starbucks Corp. (NASDAQ:SBUX) closing at an all-time high. I guess that means that our morning cup of coffee is going to go up as well.

Netflix.com, Inc. (NASDAQ:NFLX) announced a one dollar increase in its most popular plan. Some say this is a gamble, but the reality is, most consumers are not concerned with a one dollar increase and a price tag of $9.99 for unlimited entertainment. Continue reading "Starbucks, Netflix, Gold and A Whole Lot More" →

Two Stocks That Are Ready To Explode To The Upside

Posted on by The INO.com Team

Hello MarketClub members everywhere, I hope you all had a great and restful weekend. It's the start of another trading week and we had a strong opening in the market. What's going on, aren't we supposed to be in a bear market?

We are in a bear market overall, but even bear markets have rallies. I believe that the current rally will fade and the market will once a gain resume its downward trend. In today's video, I will be showing you the exact points where I expect the market to fail on the upside.

I will also be looking at two stocks that I believe are ready to explode to the upside and defy the general market's overall negative tone. Continue reading "Two Stocks That Are Ready To Explode To The Upside" →

Death By 1000 Rate Hikes

Posted on by The INO.com Team

As we rapidly approach the end of the third quarter it would appear as though the Fed's strategy is to let out these "trial balloons," saying that interest rates will be raised later this year.

The latest Fed spokesman to float another trial balloon was the New York Federal Reserve president, William Dudley. Mr. Dudley is a voting member of the Fed's policy setting committee. Mr. Dudley stated that the Fed will likely raise rates later this year. How many times do they have to tell us that?

I have said this before and I believe the Fed has no idea how to get out of this pickle that it has got the country in. This addiction to low cost money is not healthy and I was happy to see this morning that Carl Icahn has the same mindset. Mr. Icahn thought the Fed should have raised interest rates six months ago, I would've said at least 12 months ago, but all that is a moot point right now.

With only three trading days left till end of the third quarter, all the major markets I track are lower for the month and the quarter. I view this as a significant market clue indicating that the markets have not yet finished on the downside.

Here is were the markets closed last month. All of these major indices are lower for both the month and the quarter. Continue reading "Death By 1000 Rate Hikes" →

Is It Just Me Or Is Janet Yellen Incompetent

Posted on by The INO.com Team

In all the years I've been tracking the Fed and the previous chairmanships, Janet Yellen is coming across as being totally out of her league and just plain incompetent. Now before anyone says that's a sexist remark, I would say the same thing about her predecessor "Helicopter Ben." Whose big idea was to do everything the opposite way of what they did in the "Great Depression" and that is, to print money, print money and print even more money. The bottom line is the Fed has no idea how to get out of this quandary that they created themselves and for the country.

What's going to happen no one knows for sure, but one thing is certain, the markets will tell us where they want to go eventually. The other thing that's certain is that the Trade Triangles will get it right. I'm 100% confident in saying that.

Let's just take it and look at where the markets closed last Friday. Continue reading "Is It Just Me Or Is Janet Yellen Incompetent" →