via Money News Take immediate steps to protect your wealth . . . NOW! That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will […]
Fast-casual restaurant chain Chipotle Mexican Grill beat Wall Street analysts’ earnings and revenue estimates this afternoon. The stock is trading up more than 5.6% in the after-hours trading session. This isn’t good news for David Einhorn, who is short Chipotle. The stock is up more than 24% since October 2, 2012 when he recommended […]
Closely-followed hedge fund manager John Paulson‘s Paulson & Co. posted gains so far this year after getting crushed in 2012 and 2011. The Wall Street Journal’s Juliet Chung reports: Mr. Paulson’s long-troubled Advantage funds have positive returns for the year through March. The Advantage fund was up 2.9% for the year off a 5.6% gain […]
Bank of America Merrill Lynch‘s contrarian Sell Side indicator, which gauges Wall Street’s sentiment toward stocks, climbed to 47.3 in March. However, it’s still at a level that reflects extreme bearishness. Here’s an excerpt from BAML’s report (emphasis ours): Indicator’s expected 12-month total return is +28% With the S&P 500’s indicated dividend yield above 2%, […]
Apple is facing many issues and challenges, all of which we have described in detail here. But, importantly, at ~$425, these problems are already “in the stock”-meaning that most investors have recognized and adjusted for them. At ~$425, moreover, Apple’s stock appears to be notably cheap. The company now has about $150 billion in […]