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Bull markets don't die of old age and with neither a major policy mistake nor a significant economic disruption on the horizon, there's life in the current cycle yet.That's the view of Krishna Memani , chief investment officer at OppenheimerFunds , in a recent paper, which details at least 15 reasons the current US equity bull market will persist for a ninth year.Events of the past year including make-or-break elections for the euro have washed over financial markets, suggesting policy, not politics, would be the rally's undoing.Memani sees support for the stock market from global economic growth, an end to the deterioration in global trade and no plans for significant monetary policy tightening from either the Federal Reserve or the European Central Bank. The earnings yield of the S&P 500 remain over 2 percentage points greater than the yield on US Treasuries.Bull markets usually end after a "prolonged, pronounced" period of long-term outperformance to bonds, according to the paper.There has been no signs of investor euphoria about equities, as recent long-term relative returns are not excessive.Since 1994, the yield difference between bonds of speculative grade borrowers and government debt has been narrower than average more than half the time while indicators of corporate health remain sound, according to Oppenheimer.

bonds bull current economic market Memani policy recent significant yield

 

Trump's move comes after two more resigned from the on Wednesday in response to the president's comments on the Charlottesville violence over the weekend.

However, recent hawkish comments by New York Fed chief William Dudley advocating for another rate hike this year and strong retail sales data on Tuesday have upped the odds.

cent comments December Fed hike interest pm rate recent rose

 

Is There a Buyer for Ford? [0.08]

Posted on Aug. 16, 2017, 5:45 p.m. by 24/7 Wall St. @ [source]

The recent report that a China-based buyer made an offer for Fiat Chrysler Automobiles N.V. (NYSE: FCAU) got us thinking about whether there might be a buyer somewhere interested in Ford Motor Co. (NYSE: F).

And then there’s Ford’s recent share price performance.

buyer CEO co Ford GE GM market cap NYSE recent stock

 

One might say that Scientific Games shareholders have hit the jackpot. Still, the company is clearly not for everyone.

analyst debt earnings FactSet Games interest recent scientific shares stock

 

On an enterprise value basis, PEIX appears to be valued at less than 33% of replacement value. If we were to value PEIX on replacement value alone, it could easily achieve an enterprise value of $1.2 billion.

capacity enterprise ethanol gallon gross margin PEIX plant production recent

 

Nifty index opened positive and negated its formation of lower highs – lower lows of last four trading sessions. Now index has to continue to hold above 9,775 zone to witness an up move towards 9,860-9,880 zones which is the 38.20% retracement of its recent fall from 10,138 to 9,685 levels.

buying index levels lower lows positive rally recent Rs zone

 

The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off.

As hacks become more sophisticated, they manage to infiltrate the top tiers of companies, forcing their hands into buying the unregulated currency and using it for ransom.

Bitcoin CEO companies CyberArk cyberattackers HACK HBO Mokady recent targeting

 

Massachusetts is investigating whether top retail brokerage firms send customer buy and sell orders to exchanges that offer the brokers kickbacks and whether that practice prevents ordinary investors from getting the best price for their trades.

Galvin, who is Massachusetts' Secretary of the Commonwealth, pointed to a recent opinion column in The New York Times, penned by Yale Law School's Jonathan Macey and Yale Chief Investment Officer David Swensen that said customers don't get the best price when brokers choose exchanges for the rebates they offer.

broker Brokerage Exchange firm practice rebate recent Securities send trade

 

In the world of corporate misconduct, it seems that there is even less need to beg forgiveness these days as the government scales back how much it will police companies that appear to have violated the law.

There may be no better recent example of how a corporate culture devolved into an almost preternatural focus on expanding the bottom line at the expense of customers and the law than Wells Fargo.

bank corporate customer directors enforcement federal forgiveness misconduct recent Wells Fargo

 

The Nifty50 index opened in the positive on Monday and negated the formation of lower highs and lower lows of last four trading sessions.It witnessed a bounceback after the sharp decline of the last week and closed the session near the 9,800 level with an intraday gain of 83 points.It formed a bullish candle on the daily chart and managed to move back near its 50-DEMA. Now, the index has to hold above 9,775 level to witness an upward move towards the 9,860-9,889 levels, which is the 38.20 per cent retracement of its recent fall from 10,138 to 9,685 levels.On the downside, it has support at 9,759 and 9,710 levels to hold the recent pullback rally.On the options front, maximum Put Open interest was seen at 9,500 followed by 9,800 strike prices, while maximum Call OI is stood at 10,000 followed by strike price 10,100.

call index India it levels lower lows put recent strike

 

Home Depot Inc. (NYSE: HD) is scheduled to release its most recent quarterly results before the markets open on Tuesday.

So far in 2017, Home Depot has outperformed the broad markets with the stock up close to 15% year to date.

growth home Home Depot market rating recent results sales stock strong

 

While North Korea has been dominating recent headlines, President Donald Trump also made other remarkable comments this week. The panelists discussed the president’s statements towards Vladimir Putin and the FBI raid of Paul Manafort’s home.

dominating Donald headlines Korea made North President recent remarkable Trump

 

The last quarter confirms that the turnaround is on pace, but the stock hasn't responded yet. For full-year 2017 (its fiscal year ends earlier than the calendar year), the company earned $1.74, up 34% from last year – that's powered by heavy cost-cutting, savings on interest expenses, and the share buyback.

brand business ConAgra food Hormel management recent sales stock year

 

The S&P 500 has given up 1.3% over the last week, and the stock market fear index (the VIX) has risen over 53% during the same time period.

To frame this week’s discussion, here is a look at the percent gain and loss for the stock market volatility index (the VIX, also known as the “fear index”) and the S&P 500 (NYSEARCA:SPY) over the last week.

dip idea interesting market Opportunities position recent stock trader trading

 

There is a "significant possibility" of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house Oxford Economics.Writing on Tuesday, Oxford's global head of macro research Gabriel Sterne argued that a 10 per cent fall in global markets , caused by a reduction in "irrational exuberance," could have the potential to wipe as much as 0.3 per cent off growth in major economies. Stocks around the world have rallied strongly during 2017, with all three major benchmarks in the USA frequently breaking to new record highs this year.

cent economic global growth major market Oxford recent stock USA

 

At the first sign of sustained growth, Deutsche Bank looks ready to break out.

Interestingly, Deutsche Bank posted a growth in total assets for the first time in over a year.

bank Deutsche Bank European European financial financial institutions growth market recent significant year

 

Is Teva The Next Valeant? [0.10]

Posted on Aug. 8, 2017, 5:36 p.m. by Long Investing Ideas from Seeking Alpha @ [source]

If the company doesn't get "Valeanted" long-term investors might want to get greedy. If the slowdown is deep enough to impact debt-payments on the bonds issued by the company then investors sell the bonds so the increased yield matches in the increased risk.

debt earnings guidance investors leverage market recent report stock Teva

 

Why One Analyst Sees Tesla Rising Another 25% [0.02]

Posted on Aug. 8, 2017, 5:35 p.m. by 24/7 Wall St. @ [source]

Tesla Inc. (NASDAQ: TSLA) has long been the source of much controversy on Wall Street.

For now, analysts are looking at Tesla’s production numbers and whether Elon Musk can drive this company’s bread-and-butter product forward.

analyst Argus estimate firm margin Model quarter reach recent Tesla

 

The Dow is on one of the hottest streaks in its history. Any gain on Tuesday would push the streak of records to 10, something that's only happened four other times since the Dow was established in 1896, according to Bespoke Investment Group.

Dow Greed market months President recent Record straight streak Trump

 

Jim Cramer loves when historical patterns pop up in the stock market, especially ones like the recent concerns about FANG stocks being overvalued and emblematic of the 2000 tech bubble.

Take one of the market's most topical technology stocks, Nvidia.

Cramer historical Jim loves market patterns pop recent stock Times