What China Should Do About The Gold Crash [View article]
No, the Chinese central bank is the worst when it comes to print money, and controlling the printing press is one of the main weapons of the ruling party.
You will be taken to the cleaners next week after Google blows out its earning.
DCFers like you will always lose their shirts in tech stocks.
Your pathetic methodology would certainly pick RIMM at 70, HPQ at 45, or NOK at 10 as great buys; and you would also pick GOOG at 200 and AMZN at 100 as great sells.
More Confirmation The Economy Is Tanking - Trouble For Bank Stocks? [View article]
This author is obviously wrong on almost every US macro aspects.
For example, He picked on Wells Fargo for its declining mortgage revenue. LMAO! He obviously doesn't know that current housing recovery is driven by cash buyers, which is even better than people taking mortgages. On the other hand, Wells Fargo has actually tightened its lending standards in recent months. Needless to say, it's going to lose business to more aggressive lenders.
The current environment is not ideal for earnings growth, says Wells Fargo (WFC -1.7%) CEO John Stumpf on the earnings call, touting his bank's diversity of revenue streams. Well, mortgage banking accounted for 26% of noninterest income (presentation) in Q1, and if you listen to Jamie Dimon, there's little business left for the banks to squeeze out of the HARP program. For Wells, mortgage profit of $2.8B in Q1 was off 9% sequentially, off 3% Y/Y. [View news story]
Big banks have actually tightened their lending standards in recent months despite improving housing market and loan quality. Needless to say, they are missing out on the mortgage business.
Smaller banks and lenders are more aggressive in this regard.
But bank investors must ask: is it really a good time to drop your guard and pile into the mortgage market at record low interest rate environment?
As for lawsuits, Google beating Oracle to crap in the court and holding off FTC should be strong evidence of Google's legal expertise and political skills.
March Housing Starts: 1.04M vs. 930K forecast, 968K previous (revised from 917K). [View news story]
What China Should Do About The Gold Crash [View article]
Goldbugs need to come up a different wet dream
Finding Value In 4 Mega Cap Tech Stocks [View article]
Still 75% gross margin? LOL!
Intel And Microsoft's Earnings Previews: PC Data Drives Low Expectations Even Lower [View article]
EMC Is Too Cheap To Ignore And It Just Hit The 'Buy Zone' [View article]
However, long EMC/short VMW could be a good pair trade.
Paper Selling In The West Could Spur A Gold Rush In The East [View article]
Chinese are the ultimate trend follower, they never buy anything that's going down.
Microsoft's 'Secret' Projects That Will Completely Rock Your World [View article]
Simple Reasons To Short Google [View article]
DCFers like you will always lose their shirts in tech stocks.
Your pathetic methodology would certainly pick RIMM at 70, HPQ at 45, or NOK at 10 as great buys; and you would also pick GOOG at 200 and AMZN at 100 as great sells.
The Fundamentals Don't Matter Anymore [View article]
Is Baidu Making Itself Needed In Mobile Like Google Did? [View article]
More Confirmation The Economy Is Tanking - Trouble For Bank Stocks? [View article]
For example, He picked on Wells Fargo for its declining mortgage revenue. LMAO! He obviously doesn't know that current housing recovery is driven by cash buyers, which is even better than people taking mortgages. On the other hand, Wells Fargo has actually tightened its lending standards in recent months. Needless to say, it's going to lose business to more aggressive lenders.
The current environment is not ideal for earnings growth, says Wells Fargo (WFC -1.7%) CEO John Stumpf on the earnings call, touting his bank's diversity of revenue streams. Well, mortgage banking accounted for 26% of noninterest income (presentation) in Q1, and if you listen to Jamie Dimon, there's little business left for the banks to squeeze out of the HARP program. For Wells, mortgage profit of $2.8B in Q1 was off 9% sequentially, off 3% Y/Y. [View news story]
Smaller banks and lenders are more aggressive in this regard.
But bank investors must ask: is it really a good time to drop your guard and pile into the mortgage market at record low interest rate environment?
Short And Sweet: Microsoft Downgraded [View article]
It will continue churning out losers such as Zune, Bing, and Surface.
What To Do With Microsoft's Stock In The Post-PC World [View article]
If Microsoft doesn't cut its margins to ribbons, someone else will do it.
Either way, MSFT the stock will be the big loser.
More Thoughts On Google [View article]