Old West Investment Management struggled to keep its head above water in the third quarter. According to a copy of its investor letter for the three months to the end of September, its performance was "in line with benchmarks." The S&P 500 has returned -22.8% for the year to date. Investing in the commodity cycle […] Read More
Intel stock may be nearing the bottom of a long downtrend. The stock offers a deep value and high yield that may be too attractive to pass up. The turnaround may now include a foundry as Intel repositions for the future. To answer the question of whether Intel (NASDAQ:INTC) is near the bottom the best […] Read More
Dow component Merck is within 2% of a new all-time high, after rallying 7.30% in the past month. Merck's recent rise follows a couple of positive developments in October surrounding a high-blood-pressure treatment and a skin cancer vaccine. Merck reports its third quarter on October 27, with Wall Street eyeing earnings of $1.68 per share […] Read More
It looks like all the downside is already priced into shares. Bullish upgrades point towards fundamental tailwinds. The technical setup also supports a long position. With the broader equity market doing its best to reverse the lows that have done so much damage in recent weeks, investors in Target (NYSE:TGT) haven't seen a fresh low […] Read More
Looks in to the asset sales and recent company and how the capital will be used in the business On Thursday afternoon post market close, residential home and apartment rental company Tricon Residential Inc (TSE:TCN) announced in a press release to investors that they had completed the sale of a 20% equity interest in a […] Read More
S&P 500 had arguably made a local top – formed a black body candle with sizable lower knot, which I'm looking to get follow through selling today, and on tomorrow's set of (likely disappointing) economic data: (…) Thursday's Philly Fed data is likely to surprise on the downside, housing would continue to cool, and unemployment […] Read More
