So what exactly did China do? The shortish version is that this all started two weeks ago when China decided todevalue its currency. For two straight days, China’s central bank allowed the yuan to fall by nearly 2 percent, then keep edging down. This caught a lot of people off-guard...
Meanwhile, SNAP's PEG ratio is currently 8.8. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.79 as of yesterday's close. Th...
but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry had an average PEG ratio of 1.76 as trading concluded yesterday.
Sounding an optimistic tone about bank stocks this morning is Goldman Sachs (NYSE:GS). In a note to investors, the firm stated that large bank stocks face little risk. The firm recommended that investors buy such stocks on weakness. On the date of publication, Larry Ramer did not hold (ei...
The same thing happened with other stocks like FB, AAPL, and GOOG yesterday too. It doesn’t mean we’re going to see the market crash like it did in March, but that the momentum is no longer to the upside like it was in early August. It means the overall trend for n...
Stocks aren’t doing so hot today and we’re diving into why shares are down on Thursday! Source: Shutterstock The big newsaffecting stockscomes from the U.S. Federal Reserve. The Fed held a meeting yesterday that saw itincrease interest rates. That initially saw the stock market jump on ...
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Schiffres, Manuel
That ratio has shrunk even though the Fed has allowed big banks to gobble up smaller banks at a mind-boggling rate. (See our report:In 16 Years, the Fed Has Approved 4,506 Bank Mergers and Denied One.) The repeal of the Glass-Steagall Act in 1999 allowed th...
Fred C. Kelly figured out that behavior plays a bigger part in investor success than most thought. That he did so in 1930, says a lot about how little human nature changes. Kelly proposed that by acting counter — contrarian — to the general tendencies of most market participants, one ...