Month: December 2016

They’re Not Jamie Dimon: Few CEOs Bought Their Own Stock in ’16by  Anders MelinDecember 30, 2016, 6:00 AM MST Insiders sometimes open their wallets when shares are cheapJPMorgan chief spent $26 million on his bank’s stock this year. Few top executives followed Jamie Dimon’s example this year in buying company stock.Insiders at a majority of S&P 500 Index companies didn’t purchase any of their firm’s shares in the open market this year, according to data compiled by Bloomberg, a far cry from the $26.6 million Dimon shelled out for JPMorgan Chase & Co. equity.Most corporate executives and directors steered clear … Read more

Not surprising is that insiders are buying the laggards. Abbot Laboratories, ABT  VP Blasser purchased $599k worth of Abbot on 12-20-16 near a 52 wk low. Another VP, Chairman of the Board and and Director have recently bought over $15 million of this medical technology behemoth Edwards Lifesciences, EW VP Szyman bought $1.1 million worth on 11-30 right after Director Gallahue purchased 3000 shares at $84.63 Medtronic PLC MDT had two directors buy stock, one for $1 million on 12-13-16 Allergan AGN CEO Brent Saunders bought $1 million worth as well as CFO Hilado adding to her holdings with $299.5k … Read more

High hopes for tech groups’ overseas cash pilesTax holiday proposed by Trump is aimed at boosting jobs but will probably fuel dealsInside by Richard Waters On the list of problems for 2017, what to do with more than half a trillion dollars of spare cash is the kind of conundrum most chief executives would love to face.That is the amount of money that just five tech companies — Apple, Microsoft, Alphabet, Cisco and Oracle — will have swilling around in their overseas coffers by the end of this year, according to rating agency Moody’s. Add in the rest of the … Read more

Join us for a special presentation December 13, 2016 at the Hotel Park City where were are hosting one of America’s great money managers. HSAX & CO, LLC present Theta Capital Partners saxangle.com/theta-parkcity/

Interest rates have risen sharply since the election, creating significant losses for fixed income investors.  Equity investors have benefited.  If rates are rising because the expectations of increased economic activity inspired by a change in political regimes, then a rise in rates is not a bad thing for stock prices if its muted.  On the other hand if rates are rising because bond investors fret that the new Trump administration will print money to finance a big increase in deficit spending, then it’s not necessarily a good thing for stock prices.  An increase in interest rates without a subsequent increases … Read more

Jim Cramer reviewed the events on his radar for next week, and found one that could bring the rally to a screeching halt. Wednesday could be a pivotal day.  The Fed will likely hike rates 0.25%, in and of itself not a material event but Yellen who is scheduled to speak after the Fed meeting could very easily upset the market with comments, not unlike Greenspan did when he uttered the words, irrational exuberance. Source: Cramer’s game plan: Next week could be your wake-up call that will stop the rally in its tracks

https://youtu.be/9ND8IMjwxes  The complete Fox News interview with Donald Trump

I’ve seen Dylan live three times, once in the 70’s and twice in the last decade but never I have hear him sung so poignantly as Patti Smith does in this Nobel performance. Smith’s performance of Dylan’s “A Hard Rain’s A-Gonna Fall,” to orchestral accompaniment, moved some audience members to tears. Source: A Transcendent Patti Smith Accepts Bob Dylan’s Nobel Prize – The New Yorker

Many of these names have substantial insider buying too. $ARCC,$CODI,$FSIC,$MCC,$NMFC,$PNNT, $PSEC,$SLRC. High-yielding BDCs could rise with interest rates. Source: High-Yielding BDCs Could Rise With Interest Rates – Barrons

Trump saved 1K jobs in Indiana and already DESTROYED 370K jobs given the Trump-led dollar appreciation blogs.cfr.org/setser/2016/11… An interesting calculatoin from an interesting person, Nouriel Roubini.  But it doesn’t account for the leap in animal spirits by a rising stock market.  That may just trump all and yes, of course, pun intended. Source: Follow the Money » The Dollar Trumps Carrier

There is one major, well-informed group of individuals out there who are not buying the rally in stocks after the election: corporate executives.In fact, not only are insiders not buying, they are selling big time in the wake of the election, according to Vickers Weekly Insider, which tracks insider buying and selling to make investment decisions.”Overall insider sentiment remains bearish — and very uniformly so, as all of the major sell-buy readings from Vickers are logging the exact same numerical results this week,” the publication said Tuesday. Source: One really important group is not buying during the Trump rally: Corporate … Read more

Billionaire Carlos Slim, Mexico’s richest person, said Americans have more to worry about under Donald Trump than Mexicans because the president-elect could cost the U.S. its place as the world’s leader.“I would be more worried if I were an American,” Slim said in an interview with Bloomberg Television. “If you are going to close the economy, it is bad. He has the risk to lose the international leadership of the United States.“You are the leaders in technology, but there are other countries moving there — China, Israel — and everyone wants to improve,” Slim said. “I think that is a … Read more

Here’s the bottom line. The economic cycle is aged, but that doesn’t mean it has to end anytime soon. That said, the fiscal policies of our new president will be met with many tradeoffs. One will be the potential positive of rising wages at the cost of lower corporate profit margins. Another will be a rising interest rate environment in the context of an economic and market construct that has been built on lower and lower rates over the past seven years. The behavior of an economy under a president is often policy driven for sure but many times it’s … Read more

DNY59 Getty Images/VettaLoan delinquencies are up and credit is tightening.Small businesses are frequently called canaries in the coal mine, forecasting by months or even years things to come in the larger economy.Now, despite a strong November jobs report and a roaring stock market, there are troubling signs for business owners. Flashing yellow lights can be seen in two reports out this week that suggest small-business borrowing is experiencing trouble for the first time in four years.Loan demand from small businesses has dropped and delinquencies for existing loans have risen to a level not seen since 2012, according to the latest … Read more