Bayer AG (OTC:BAYRY) is under fire now as a jury found that a man developed cancer from exposure to Roundup weed killer. This is the second case to go to trial over the allegations – and there are more than 11,000 pending lawsuits that claim the same. And according to Shah Gilani on Varney & Co. this morning, an 11% drop in stock price is only the beginning of the hardships to come for Bayer… Click here to watch.
Archive for March, 2019
As if two new Boeing 737 Max 8 jets crashing and killing 346 people isn’t frightening enough, government investigations might reveal even more frightening news.
Like the fact that Boeing didn’t require pilots who were certified on 737s to get certified on the new Max 8 aircrafts.
Or like the fact that Boeing marketed the cost savings of the lack of these certifications as a positive.
These facts, and yes, they’re facts, not speculation, are just the tip of the iceberg that sank the Titanic, or rather, brought down the 737s.
Today, I’m going to tell you the real story of what happened, most of which has been kept from the public.
And, as a bonus, when Boeing flops, I’ll show you a way to play the airspace sector…
There was a time when Facebook Inc. (NasdaqGS:FB) was one of my favorite stocks. I mean, I loved it and thought it would be something I’d probably never sell.
Then, all kinds of negative press hit the stock – and my opinion of its worth.
While I’m presently out of FB, I want to buy back in at some level.
The problem is I don’t think the company’s cleared the hurdles that brought it down. The stock probably has lower to go.
FB has made routine mistakes, and one particular lame maneuver it just pulled says a lot.
When it comes to the FAANG Stocks – Facebook, Amazon, Apple, Netflix, and Google – plus Microsoft, it can be difficult to choose which one of these heavy hitters to invest in. But with Microsoft being about 2.5% away from its all-time high and being the most resilient amidst the turbulence of October through December 2018, Shah Gilani says that Microsoft would be the one to buy… Click here to watch.
Last week at the South by Southwest (SXSW) Conference & Festival in Austin, Texas, freshman New York congresswoman Alexandria Ocasio-Cortez (AOC, for short) pronounced capitalism as being “irredeemable.”
That’s nonsense and, frankly, dangerous talk.
While I’m cautiously optimistic there will be a trade dispute announcement out of the proposed late March summit between President Xi Jinping and President Trump, it won’t be great.
In fact, it will probably be just enough of a positive kind of “we’re going to keep working on it and agree to agree” announcement, with lots of concessions and positives to move the markets up, possibly to new highs.
My optimism is based on the needs of both presidents to make nice for their own reasons.
President Trump wants the stock market to go a lot higher and knows clearing the economic forest of tariffs and uncertainty will do that.
President Xi desperately needs a deal because China’s economy is slipping into indebted slow-growth (and possibly stagnation) and exports are still China’s lifeblood.
But, there’s a big difference between the removal of tariffs and a comprehensive trade deal that covers what’s really at the bottom of the two nations’ “trade” dispute.
And the chance of that happening is exactly between slim and none.
Unsurprisingly, the markets are dead flat this morning as they hang on every word that comes from Washington and China. As our very own Shah Gilani has said multiple times on Fox Business’s Varney & Co., he believes that the markets will remain flat until we get a deal – and a positive one, at that. Once the news hits, it’ll be enough to move the market higher… Click here to watch.
The suddenly simple answer to funding the Green New Deal, Medicare-for-all, free college, and two Teslas in every garage, making the rounds as Modern Monetary Theory (MMT), is a joke.
Only no one should be laughing.
MMT is not only dangerous for reasons that no one’s bothering to bring up, but also it’s just plain stupid.
There’s a problem with the Federal Reserve.
Actually, there are tons of problems with the Fed.
Besides the fact that they shouldn’t exist at all, they are always behind the curve on everything.
Take interest rates, for example.
One of the biggest things the Fed does (the biggest is bailing out their too-big-to-fail bank constituents when they implode into insolvency from their greed) is manipulate interest rates.
The Fed’s original fake mandate was to manipulate rates to effect stable prices – in other words, to curb inflation when it reared its ugly head and guard against deflation when it cast a shadow on the economy.
Not that it matters, because it is what it is, but the Fed’s timing in manipulating rates is mostly what causes inflation or deflation.
Today, we’re going to talk about the wool that’s been pulled over everyone’s eyes, and what the Fed should be doing.
But first, I’m going to share something amazing and potentially very profitable.