The Problem With Apu

In The Problem With Apu, South Asian-American comedian Hari Kondabolu confronts his long-standing “nemesis” Apu Nahasapeemapetilon – better known as the Indian convenience store owner on The Simpsons. Creator and star Kondabolu discusses how this controversial caricature was created, burrowed its way into the hearts and minds of Americans, and continues to exist – intact… Read More The post The Problem With Apu appeared first on The Big Picture.

High Yield Bond ETF is Bouncing Sharply Off Support, Telecom Weakest Sector

The recent selloff in high yield junk bonds has attracted a lot of attention in the financial media. My Tuesday message showed the iBoxx High Yield Corporate Bond iShares (HYG) headed down for a test of chart support at its August low and its 200-day moving average. Chart 1 shows the HYG scoring an upside reversal day yesterday after touching its 200-day average (green circle). That positive action is being followed by a gap higher today. Those are encouraging signs that the selloff in high yield bonds may have run its course. The 14-day RSI line (top of chart) also shows that the HYG had fallen into an oversold condition below 30. One encouraging sign for the junk bond market is that most of its recent selling has been contained mainly in one sector. And that's telecom. The weekly bars in Chart 2 show the U.S. Telecommunications iShares (IYZ)
Continue reading "High Yield Bond ETF is Bouncing Sharply Off Support, Telecom Weakest Sector"

Focusing on Solid Earnings can Boost your Risk Adjusted Returns

One by-product of focusing on stocks that beat earnings handily is the opportunity to boost overall returns. I know this for a fact as we studied the performance of almost 40 stocks that were trade alerts to EarningsBeats members over the past six months and found that on a risk adjusted basis, returns were almost 5 times that of the S&P. For example, when we issue a trade alert to our members we provide them with entry prices, price target and stop loss levels. If a stock hits a price target or stop loss it is moved out of the active category and we can then calculate how it has done. What we found was that the actual number of winning trades barely outpaced the losers. But the average gain on the winners was over 6% while the average loss on the losers was just over 2%. So by allocating
Continue reading "Focusing on Solid Earnings can Boost your Risk Adjusted Returns"

Here Are Five S&P 500 Stocks Poised To Rise Through December

I'm a big historian and a fan of the "history repeats itself" theory.  But I'm a bigger fan of technical analysis where price action simply doesn't lie.  You can listen to all the CNBC "hype" if you'd like, where their "experts" provide their favorite picks.  I look at the charts of some of these "can't-miss" trades, shake my head and change the channel.

< p class"entry-more-link">Continue reading "Here Are Five S&P 500 Stocks Poised To Rise Through December" »

MiB: Greg Sands, Costanoa Ventures & Netscape

Our conversation this weekend is with Greg Sands, founder of Costanoa Ventures. Sands was the first product manager at Netscape Communications, and created the business plan for the company. He also coined the name “Netscape.” Prior to founding Costanoa, Sands was a Managing Director at legendary venture fund Sutter Hill, where he invested in early stage… Read More The post MiB: Greg Sands, Costanoa Ventures & Netscape appeared first on The Big Picture.

Book: The Entrepreneur’s Roadmap – From Concept to IPO

The NYSE recently published a book – The Entrepreneur’s Roadmap – From Concept to IPO that I’ve been involved in. I wrote a chapter and made a number of introductions to the team working on the book that resulted in a number of other chapters. The book covers a variety of stages of company development, including:
  • The Seed Stage: Starting a Company
  • The Growth Stage: Scaling the Business
  • Late Stage: Preparing for the next chapter
  • The Exit: Strategies and Options
  • Corporate Governance and Other Considerations
It’s free to download in PDF, EPUB, or Kindle. The post Book: The Entrepreneur’s Roadmap – From Concept to IPO appeared first on Feld Thoughts.

Saturday links: using a microphone

Longform links: departing women

10 Weekend Reads

The weekend is here! Pour yourself a mug of Guatemala Antigua coffee, grab a seat by the fire, and get ready for our longer form weekend reads: • Elon Musk, Architect of Tomorrow: Inside the inventor’s world-changing plans to inhabit outer space, revolutionize high-speed transportation, reinvent cars (Rolling Stone) • The Cause and Consequences of the Retail Apocalypse… Read More The post 10 Weekend Reads appeared first on The Big Picture.

What Does a Flat Yield Curve Look Like Anyway?

I hear talk that the yield curve is flattening and that this is a problem for the stock market. While it is true that the spread between the 10-yr T-Yield ($UST10Y) and 2-yr T-Yield ($UST2Y) is the lowest since 2007, the yield curve itself is by no means flat. The chart below shows the 10-yr yield in black and the 2-yr yield in red (top window). Notice that the 10-yr yield has been flat since 2012, and I mean really flat. Meanwhile, the 2-yr yield turned up in 2014 and moved to its highest level since 2008. 

< p class"entry-more-link">Continue reading "What Does a Flat Yield Curve Look Like Anyway?" »

The Crisis Lending Fund

=================== Last week, there was an article in Barron’s describing how many mutual fund families take advantage of a provision in the law allowing them to have funds lend to one another.  Quoting from the article:
Under normal circumstances the Securities and Exchange Commission bars funds from making “affiliated transactions,” but there’s a loophole in the Investment Company Act of 1940 for funds to apply for an exemption to make such “interfund loans.” Until recently, few fund families applied for this exemption. None had before 1990. From 2006 to 2016, the SEC approved just 18 interfund lending applications. But since January 2016, the agency has approved 26. Most major fund families—BlackRock, Vanguard, Fidelity, Allianz—now can make such loans. Stiffer regulations of banks, which are now less willing to offer funds credit lines, partly explain the application surge.

I’m here tonight to suggest making a virtue Continue reading "The Crisis Lending Fund"