Patience will be required … but good things come to those that wait! The travel industry has been decimated by the restrictions put in place around the world in an effort to contain the pandemic. Whether these draconian moves were needed is up for much debate but in investing our opinion on the way things should […]
Warren Buffett, the famed billionaire investor, has changed his thinking on gold and invested in the yellow commodity. Rather, that’s what the media headlines would have you believe. What is true: During the second quarter, at height of the coronavirus panic, Buffett’s Berkshire Hathaway unloaded many of its bank stock holdings and bought shares of […]
From time to time I see charts that really catch my eye. See the two charts below. The central question is, do earnings projections looked at from a higher level really support this strong surge in equity markets that we have seen over the past several weeks? The chart shows the progression of projected consensus […]
While it’s true that you should be cautious when buying Chinese stock, I believe that Alibaba (BABA) is a great stock, especially for long term holding. It’s by far the largest company in the e-commerce sector for non-U.S. companies and is often referred to as the “Amazon of China.” By itself that tells you a […]
The travel sector of the market has taken a massive hit since the start of the Covid-19 pandemic back in February. Fear of being in a confined space around a bunch of people has most avoiding traveling by plane or boat. This has been bad news for the cruise lines Carnival Cruise Lines (CCL), Norwegian Cruise […]
Online shopping is booming. The move toward buying more things online has gotten a big push from the COVID-19 pandemic — as if online retailers needed a greater advantage over brick-and-mortar stores. Amazon (AMZN) is still the industry powerhouse when it comes to buying things online, despite its warehouse and logistics struggles to meet demand […]
If you’ve been paying attention to the news lately, you’ll know that gold is making headlines. When countries face crises, consumers and the governments alike turn to gold to hedge. The pandemic is causing governments to spend like drunken sailors, especially the United States government. This spending spree is affecting the dollar and may continue […]
The S&P 500 Index is up over 64% since it’s recent low in late March. The NASDAQ Composite is up 59% in the same time frame. Nervous time? For some — yes! Some may argue that the dip we saw in March was overdone, and I would not necessarily disagree. But it’s hard to know what selloff […]
The high-flying tech sector gets all of the attention, but I am often reminded of a quote from the legendary investor Sir John Templeton: “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die of euphoria.” If there’s an area of the market that has more pessimism surrounding it than the […]
It is an understatement to say that the pandemic caused chaos in the global oil and gas industry. Crude oil prices fell to below $40 below zero in April 2020. American oil storage capacity limits hit 100%. Airlines experienced a 98% drop in business relative to before the pandemic in 2019. A barrel of oil […]
