Sure, it’s considered a tech darling. But it’s not. In reality, it’s a car company jumbled in with a solar panel company and a battery company, masquerading as one unified tech company.
Sure, it’s considered a market darling. But it’s not. Tesla’s stock is stuck in the mud and going sideways.
Sure, it’s got earnings growth. But these aren’t “real” earnings – they’re engineered earnings.
The market has strong underpinnings, enough to weather any serious rounds of profit-taking. Tesla, on the other hand, has no profits to hold it up. If the market dips (especially if tech stocks dip on profit-taking), Tesla’s profitless and sideways stock is headed lower.
Even if the market continues higher, Tesla’s going to have to face reality over its Q4 earnings.
If they come out at the end of February and aren’t a huge upside surprise (and they won’t be), if earnings are below consensus estimates (which they will be), and if they’re burning through more cash than they’re already spending (which has already happened), the stock is going to keel over and shake Elon Musk groupies to their core.
Just recently, an indictment of five accountants became unsealed.
This isn’t just any old document. It is proof of just how cozy relationships and revolving doors add to the epidemic of funky accounting practices.
The accountants named include three big-shots from KPMG, one 2015 hire at KPMG who came over from the Public Company Accounting Oversight Board (the regulatory body controlled by the SEC that oversees accounting firms), and a KPMG wannabe who was working at the PCAOB.
Add that to the fact that General Electric’s (NYSE:GE) outside auditor has always been KPMG, and maybe investors will start to understand that audits aren’t foolproof. Sometimes, even the audits that are supposed to be irreproachable are factually lacking and fraudulent.
There’s a lot going on behind the scenes when it comes to GE, the PCAOB, and the Big Four of Accounting (Deloitte & Touche LLP, Ernst & Young LLP, Pricewaterhouse Coopers, and KPMG).
The Securities and Exchange Commission is always one to mince words.
While millions of investors are pumped to start playing cryptocurrency, the SEC just threw two Wall Street trade groups for a loop. They were angling to be able to sell cryptocurrency ETFs and mutual funds to the public before they received a Staff Letter from the Director of the SEC’s Division of Investment Management asking how sponsors of crypto ETFs or mutual funds could safeguard public investors.
Yesterday, I was on a panel at the Black Diamond conference in Delray Beach, FL with Rick Rule, a friend and colleague of mine. When I asked Rick about what he and Matt Warder were cooking up that was becoming the buzz of the conference, he said, “You’ll have to wait, Shah.”
I can’t wait and you can’t, so, let me introduce you to Matt Warder and he’s the natural resource specialist here at Money Morning. I’ve gotten to know Matt very well over the years, and I got to tell you, this guy knows his stuff.
This video stops at 3:41… just before the most shocking revelation is revealed. But this full opportunity is reserved for Shah’s premium readers. So you can watch the video a hundred times trying to figure out his instructions – to which I say, good luck… Or you can give us a call, and we’ll tell you exactly how you can subscribe to get all of Shah’s research and recommendations for a fraction of the retail cost. We’re opening just 10 spaces today, so I suggest you move quickly.
In his latest appearance on Varney & Co., Shah Gilani discussed why the market is still on track to live up to his expectations despite a slow week. Meanwhile, Bitcoin prices are down, but will we see another astronomical high like we did last month? He also shared his insights on Yahoo’s lowest-ranked stock, and what their plans are for the future.
If you’ve been lulled to sleep by years of wonky Federal Reserve talking points about dangerously low to no inflation, you’re about to get a rude awakening.
It’s not headline news and, no, the Fed isn’t running scared yet. But all that’s about to change.
Strengthening U.S. GDP growth accompanied by newly enacted tax cuts, strong global growth, and record-high levels of consumer confidence, business confidence, and investor sentiment are driving equity markets higher along with prospects for rising inflation.
The Fed and central banks around the world want inflation, and they’ve done quite a bit to engineer it.
When it comes to making money in the markets, there’s nothing like being on the right side of massive disruptions.
Imagine knowing ahead of time how computers, smartphones, and social media would change the world? Or that a mortgage meltdown would bring global financial systems to the brink of Armageddon?
Or that oil would quadruple in 1974, hit $145 a barrel in 2008, and drop to $32 by the end of that year?
How much could you have made riding some of those long-term trends or short-term upheavals?
Millions. If you were playing with institutional money, it would be hundreds of billions.
If you missed out on all that big money, don’t worry. You’re going to get another chance. Three chances, in fact. Because stocks, bonds, and commodities are going to give you plenty of opportunities in 2018.
Despite the market dipping slightly, this is only a minor blip. Everything before this points to this rocket-ride continuing higher, and no blip can outweigh the momentum behind us.
On his latest appearance on Varney & Co., Shah Gilani shares how he knows we will get past this dip. He also pulls back the curtain on the next move for Wal-Mart (NYSE:WMT), why interest rates are up, and which company may be next to hop on the cryptocurrency train. Click now to watch…