The End Of The Bull Market
Profits are declining, valuations are stretched, the world economy is slowing and the Fed could increase interest rates further. There are also significant risks in the world economy and the […]
Start Accumulating Ambarella
Ambarella’s stock has been punished for the problems of a big client. Most of that is behind us, and the shares have sold off 70%+ and are now very reasonably […]
Micron: Epic Bull/Bear Fight
Bulls and bears diverge widely on Micron, especially on the prospects of consolidation in the industry. However, even if there is little consolidation and the present unfavorable market continues for […]
InvenSense – Beautiful Company, Ugly Chart
InvenSense has six-folded its revenue since IPO, but the share price is actually below IPO level. This isn’t through mismanagement, it’s basically an effect of market circumstances. Now that other […]
SunPower’s Crash Is An Opportunity
SunPower’s shares have halved since the beginning of the year. But a couple of weaker quarters isn’t necessarily a big concern due to the volatility of quarterly figures. Apart from […]
President Trump And The Markets
Driven by an angry electorate sensing the secular stagnation, Trump’s economic agenda basically amounts to a hostile takeover of the Republican Party. This is good insofar as much of the […]
ArcelorMittal Is A Buy
The steel market is stabilizing. ArcelorMittal will still produce positive free cash flow this year, despite the difficult market. While timing a cyclical stock is always difficult, one does not […]
Dual Risk Out Of China
The largely state-owned industrial sector is plagued by overcapacity, large debt, deflation and declining credit quality. The Chinese authorities have three ways of dealing with this, restructuring, devaluation, or stimulus. […]
Is Japan Caught In A Public Debt Trap?
So far, the Japanese economy has escaped the bursting of asset bubbles 3x the size of those in the US without suffering a depression or double digit unemployment. The price […]
Skechers Is Oversold And Cheap
Skechers still seems to pay a heavy price for an earnings miss two quarters ago. Much of that was due to one-time factors and currency headwinds. The stock is oversold, […]