Procter & Gamble Stock Chart Reveals a Dip Ahead of Tuesday’s Big Event

By | October 9, 2017 Scott Gamm of interviews Ron Orol from The Deal on the P&G proxy fight. Procter & Gamble (PG) shareholders will vote tomorrow to decide the biggest proxy battle in history. Nelson Peltz’s Trian Fund Management is fighting for a single seat on the P&G board and the company is fighting back. A combined… Read More »

Freeport-McMoRan Shares Diverting from Spot Copper Price

By | October 8, 2017

Spot copper prices spent the first six months of this year moving lower below a declining trend line. In June they broke above that resistance and rallied 21% to their early September high. The bullish trend quickly reversed direction and was followed by a pullback to the 38% Fibonacci retracement level of the rally range.… Read More »

Warren Buffett’s Truck Stop Acquisition Is Only Half the Story

By | October 3, 2017

Warren Buffett announced Tuesday that Berkshire Hathaway (BRK/B) is taking a 38.6% stake in Pilot Travel Centers, which owns the Pilot Flying J chain. The chain is a truck-stop operator with 750 locations in 44 states. In 2023, Berkshire will acquire an additional 41.4% of Pilot’s outstanding shares and become the majority owner. By then,… Read More »

PepsiCo Downgrade Could Take Down the Consumer Staples Sector

By | October 2, 2017

A PepsiCo (PEP) downgrade Monday may be the catalyst that officially marks the top in the stock and reverses the long-term uptrend in the consumer staples sector. Jefferies downgraded the beverage and snack food maker to hold from buy and slashed its target price from $133 a share to $108 a share. The stock is… Read More »

The NYSE Tulip Bitcoin Index Chart and the Volatility Index

By | September 30, 2017

It’s been widely reported that hedge funds are holding large short positions in the VIX, and the Bitcoin phenomenon has received even greater attention. The chart of the NYSE Bitcoin Index ($NYXBT) is overlaid with a chart of the Volatility Index, and includes a graph of their relative performance. It shows the incredible rise in… Read More »