By Craig Wilson This post The Fed, Stress Tests and Distorted Reality on Wall Street appeared first on Daily Reckoning. “Reality is merely an illusion, albeit a very persistent one.” The quote, largely attributed to Albert Einstein, while not directed at Wall Street and the Federal Reserve perfectly describes the latest stress test debauchery. Hidden […]
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By Rob Otman Honeywell (NYSE: HON) is a large cap company that operates within the industrial conglomerates industry. Its market cap is $104 billion today, and the total one-year return is 16.84% for shareholders. Honeywell stock is beating the market, and it reports earnings on Friday. But does that make it a good buy today?
Is Honeywell Stock Undervalued or Overvalued Before Earnings? Read More »
By analyst Regardless, core positions in the precious metal sector need to be held with an iron fist. Just as a gardener mows their lawn rather than ripping the whole lawn out by the roots, the gold market… …read more Source:: PRNewswire-Mining and Metals The post Graceland Updates: “Pruning The Golden Tree” appeared first on
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By Greg Guenthner This post Amazon’s Worst Nightmare? appeared first on Daily Reckoning. The destroyer of the retail world is back in action. Its stock is back on track after consolidating for just one month. Now it’s Bigger. Stronger. Faster… and more profitable than ever before. Face facts – no retailer can top Amazon.com (NASDAQ:AMZN).
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By Matthew Carr Technology marches on. U.S. manufacturing output continues to hit record highs. Yet the total number of manufacturing jobs in the U.S. has declined by 30% in the past couple of decades. People are being replaced by machines. And it’s going to only pick up speed. In North America last year, businesses ordered
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By analyst By Cecilia Jamasmie Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, said Wednesday it has found two large rough diamonds this week at its operations in Yakutia, in the country’s far East. On Wednesday, a very large rough diamond weighing almost 110 carats was found at the company’s’ Mirny
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By Zach Scheidt This post Breakout Alert: $1,500 Gold By September? appeared first on Daily Reckoning. Don’t look now, but gold is on the move! Just over the last week, the futures price for an ounce of gold rose from a low of $1,204 to a high near $1,244 during yesterday’s trading session. A 3%
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By analyst By Frik Els The world’s number one mining company BHP (NYSE:BHP) reported record full-year production at its Western Australia iron ore division on Tuesday. The Melbourne-based giant said thanks to the continued ramp up of additional capacity at its Jimblebar operations in Western Australia production at its iron ore unit rose 4% year-on-year
BHP iron ore output hits new record but copper production tanks Read More »
By James Rickards This post The Fed Has Hit the ‘Pause’ Button appeared first on Daily Reckoning. Last week the Fed raised the white flag on further rate hikes. There won’t be any for the foreseeable future. No rate hikes are coming at the July, September or November Fed FOMC meetings. The earliest rate hike
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By Bill Bonner French Fraud POITOU, FRANCE – “Which is worse? America or France?” The question must be put in context. We were invited to dinner with local farmers last night. Jean-Yves and Arlette live in a modest house in the nearby town – an efficient and cozy place built about 25 years ago. They’ve
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