Markets make opinions, goes the old saying. Nowhere is that more true than in the oil market right now. More broadly, the rally in oil prices tells you the global economy is healthy. That should keep stocks moving higher in 2017.
Kathmandu Holdings [ASX:KMD] released their full-year results for the 2017 financial year. The outdoor retailer rose 5.9% to $2.06 per share.
This morning Premier Investments Ltd [ASX:PMV] fell almost 3% to $13.35 per share. What happened to the share price?
ATM use is in decline. As technology sends transaction costs towards zero, banks will no longer be able to charge exorbitant fees for standardised, commoditised services. Growth will have to come from elsewhere. This is a sign of things to come for Aussie banks.
What has happened…while other indices like the S&P 500 have enjoyed double digit gains, our own market has gone nowhere. At the start of the year, the ASX 200 was trading at 5,700 points. It now trades around 5,655 points.
This morning G8 Education Ltd [ASX:GEM], a listed early childcare provider, climbed 3.2% to $3.89 per share. What happened to G8 Education share price?
Fedex is a kind of bellwether for the state of the underlying economy. One company whose results give you a snapshot of the strength of consumer demand. If it’s doing well, then the economy is generally doing well. After all, consumer spending drives approximately 70% of all economic growth.
Shares of Seven Group Holdings Ltd [ASX:SVW] gained more than 8% in trading today and were up over 10% at one point, hitting a high of $12.45. What happened?
The short sellers are trading against the trend and that’s not the way to make fast money. In fact, they’ve been losing money. It is far more effective to trade with the trend and short stocks breaking lows from years past, rather than shorting stocks breaking higher.
Every investment you make is just the testing of an idea or opinion. They’re not all going to be right. So don’t invest so much emotional energy into believing that you’re right. My solution to this is a simple one. It’s a process that provides checks and balances to my investment opinions.