Investment & Finance Thread (week Aug. 24 - Aug. 30 edition)

Daily investment & finance thread ^ | Aug. 24, 2014 | Freeper Investors

[expat_panama]

Happy weekend investors!!

This week's thread will have to settle for a lame blog at the top due to a severe case of writer's block.  Topics considered were a weekly recap but here's the week in stocks and here's the week in metals.  Another idea was chat about the Fed meeting at Jackson Hole but they're just wrapping it up and the Fed website isn't quite updated.  Another idea is a resume of all the good news & bad news about today's econ condx, but that either keeps changing or it's already been rehashed on these threads by better brains than mine.  Yet another tack is beginning a discussion about how we want this thread to go; my take is I like it just fine and don't want it to change.

Speaking of better brains, the important thing is the thread continues; the beginning blog (spectacular as it has been) is secondary...

This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--

Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket, economy.

[expat_panama]

--and hoping you & yours are having as good a time as me 'n mine are...

[expat_panama]

--and hoping you & yours are having as good a time as me 'n mine are...

[expat_panama]

If you get a chance Cringe, I'd be grateful for your thoughts on buying American assets (stocks & real estate) vs buying foreign assets. This would differ from buying foreign goods'n'services because buying foreign assets makes the trade deficit go down.

[Cringing Negativism Network]

Sorry, I’m not 100% certain I’m qualified to speak on this.

Would like to read what people say though.

Bump.

[DJ MacWoW]

Less Than 14K To Go And The Freepathon Is Over!

Click The Pic To Donate

Support FR, Donate

[Qwackertoo]

I don’t know about y’all . . . but I’m getting really antsy and ready to move some money to safer places. Just wish I knew a good place to park some substantial funds for a few months or longer. Soon. Like this week.

[ExSES]

If you get a chance Cringe, I'd be grateful for your thoughts on buying American assets (stocks & real estate) vs buying foreign assets. This would differ from buying foreign goods'n'services because buying foreign assets makes the trade deficit go down.

For what it is worth (what you pay for it...), Australian and New Zealand dividend paying stocks are of value. Canadian stocks deduct a 25% tax from their dividends (they used to be great until then!). Some of them DO NOT deduct the tax if you are holding them in an IRA account (with a savvy broker)...

However, bear in mind that many large Cap U.S. companies derive the majority of their earning from overseas rather than domestic sources. Just a thought...

[cynwoody]

Canadian stocks deduct a 25% tax from their dividends (they used to be great until then!).

That only happened to me on one Canadian stock, ManuLife Financial. I had a small amount of it due to an insurance company demutualization. I received a form from Computershare that I had to fill out and return in order to keep the withholding at 15%. I had some much larger Canadian holdings at Fidelity and Schwab and never had to do anything.

[NormsRevenge]

Let it ride!!

[expat_panama]

The trick is not to dump ‘n run but to measure your concern —you think it’s say, a 40% chance of a crash so you sell 40% of your holdings...

[expat_panama]

many large Cap U.S. companies derive the majority of their earning from overseas

Dang, that's part of the mix too.  Another consideration is companies that make a living off selling imports.  A year or so ago I was very happy working w/ Green Mountain Coffee:

I'm w/ Cringe, the more I learn about this stuff the less I know about this stuff...

[Qwackertoo]

That sounds like a good rule. Usually I’m the nervous one . . .but when husband mentioned last week we might want to make some moves . . . I was like uh-oh.

[expat_panama]

--and a happy lull before the Labor Day weekend to all after last weeks gains in stocks and drop in metals!   This morning's futures are calling for more of the same; as for econ reports all we got is New Home Sales and the big document dumps begin tomorrow.  Pundits have been frantic though, mainly on the fed and stockpicking--

Yellen Speech Didn't Sound Like a Fed Talk - Richard Moody, Regions Bank Why The Fed Needs To Keep Interest Rates Low - Editorial, New York Times The Economy Will Be Better When the Fed Does Less - Jeff Dorfman, RCM Don't Fear Rising Interest Rates - David Falkof, Morningstar The Fed Will Raise Rates In March 2015 - EconMatters

The End Of Stock Picking - Good Riddance - Pragmatic Capitalism The Dull Stock Portfolio - Eddy Elfenbein, Crossing Wall Street The 10 Most Dominant Buffett Stocks - Jon Ogg & Chris Lange, USA Today Five Years Into a Bull, Focus On the Macro - David Kaufman, National Post Why Stockpicking Is a Crapshoot - Jonathan Clements, Wall Street Journal

--and everything else:

• Tim Hortons, Burger King in merger talks  The Globe and Mail - 9 hours ago Tim Hortons is in talks with Burger King about a merger that would create one of the world's largest fast-food chains with 18,000 restaurants worldwide and $22-billion (U.
• Euro falls, stocks rise on ECB stimulus bet Reuters - an hour ago LONDON (Reuters) - The euro fell to a near one-year low against the dollar and euro zone stocks and bonds rallied on Monday as investors positioned for rising chances of further policy easing by the European Central Bank.
• Gold Drops Toward Two-Month Low as Silver Slips to 10-Week Low Gold fell toward a two-month low, extending two weeks of losses, as investors assessed whether the U.S. Bullion for immediate delivery lost as much as 0.5 percent to $1,274.45 an ounce, and traded at $1,277.80 at 9:06 a.m. in Singapore, according to Bloomberg generic pricing. The metal on Aug. 21…
• Global stocks mostly up on stimulus outlook  Global stock markets were mostly higher Monday after top central bankers in Europe and Japan said support for their economies would continue and additional help is possible
• Government Dependency In U.S. Nears Tipping Point - Editorial, Investor's
• Associated Press Tax refunds may get hit due to health law credits
• Enough with 'Free Trade'! Bruce C. Bishop In the name of “free trade,” we have lost millions of middle-class manufacturing jobs.  Our economy is dying, and for many of us, our standard of living is in free-fall. More

   

[expat_panama]

last week we might want to make some moves

Now that I look at it I agree w/ him; last week we saw definite decisive moves in asset prices for a change.

[Wyatt's Torch]

Europe is a mess... Now both German and Portugese (huh?) bonds are exploding to new highs is a flight to safety.

Here is the US Dow futures are up 55 and S&P up to 1995.25 which would be an all-time high.

[Wyatt's Torch]

On the data front:

August 25th -
09:45 am PMI - Services
10:00 am New Home sales (consensus - 428K)

August 26th -
08:30 Durable Goods (consensus - +5.5%)
09:00 Case-Shiller
10:00 Consumer Confidence (consensus - 88.8)

August 28th
08:30 am GDP 1st revision (consensus 3.9%)
08:30 am Initial claims (consensus +300K)

August 29th
08:30 am PCE - i.e. the Fed’s favorite measure of inflation (consensus +0.2%)
09:45 am Chicago ISM (consensus 56.0)
09:55 am Michigan Sentiment (consensus 80.0)

[Wyatt's Torch]

I should have waited for my FactSet email this morning... Here’s a more complete calendar from them.

Snapshot:
The economic calendar is fairly quiet - with focus on GDP, durable goods, housing data, and PCE here in the US; while overseas attention will be placed on flash CPI for August out of Europe. The corporate calendar is also fairly sparse, but not without some notable earnings reports from the likes of WDAY, ANF and SPLK.

Monday 25-Aug:
• Holiday: UK - Markets closed
Corporate:
• Earnings:
o Pre-Open: OSIS
o Post-close: PINC
• Analyst meeting: VMW
• Brokerage conferences: B Riley Silicon Valley Tech

Economic:
• US: New Home Sales
• Europe: Germany Ifo

Tuesday 26-Aug:
Corporate:
• Earnings:
o Pre-open: BMO.CN, BNS.CN, BBY, DSW, RGS, TSL
o Post-close: ADI, ARUN, BOBE, HEI, NA.CN, NMBL, TIVO, WTSL
• Brokerage conferences: B Riley Silicon Valley Tech
Economic:
• US: Durable Goods, Consumer Confidence

Wednesday 27-Aug:
Corporate:
• Earnings:
o Pre-open: BWS, CHS, DCI, EXPR, MIK, TIF
o Post-close: GES, GMAN, TLYS, VMEM, WDAY

Economic:
• US: Mortgage Applications
• Europe: Italy Consumer Confidence

Thursday 28-Aug:
Corporate:
• Earnings:
o Pre-open: ANF, CM.CN, DXLG, DG, GCO, PLL, SIG
o Post-close: AVGO, FRED, PSUN, RALY, SPLK, VEEV, ZOES
• Analyst meetings: IRM
• PDUFA: GSK, LGND

Economic:
• US: GDP (Q2-2nd)
• Europe: Eurozone Economic Sentiment, Germany HICP Inflation, Unemployment, Spain HICP Inflation
• Asia: China Industrial Profits

Friday 29-Aug:
Economics:
• US: Personal Spending, Core PCE Index, Chicago PMI
• Europe: Eurozone HICP, Unemployment, Italy HICP, Unemployment
• Asia: Japan Core CPI, Industrial Production, Unemployment

[Lurkina.n.Learnin]

“Europe is a mess... “

Yes it is.

French government dissolved amid turmoil
http://www.freerepublic.com/focus/f-news/3196711/posts

[Lurkina.n.Learnin]

“French media reported that the upheaval was caused by public calls from Economy Minister Arnaud Montebourg for a major reorientation of economic policy in a country where growth has stalled and unemployment remains high.

Montebourg’s comments were seen as a challenge to the authority of Hollande and Valls.”