Data from the Commodity Futures Trading Commission indicates that hedge funds and other institutional investors have shorted the equivalent of 160 million barrels of West Texas Intermediate via futures contracts.
In April 2013, I left my job of 25 years as founding editor of Utility Forecaster to form my own publishing company and write the investment newsletter of my dreams: Conrad’s Utility Investor. The publication’s second birthday is as good a time as any to review where utility stocks have been and my outlook for where they’re headed.
Greece’s economic and political travails have garnered an outsized amount of media coverage for a country whose gross domestic product (GDP) accounts for about 1.4 percent of the US$18 trillion EU economy.
We’re in a bull market for armchair analysis of Greece’s fiscal and economic woes and the government’s efforts to negotiate with its fellow EU members. Here is the situation on the ground.
Reports circulated earlier this month that Florida-based TECO Energy had put itself up for sale, prompting the utility to confirm that the firm had engaged Morgan Stanley to “explore strategic alternatives.” This news triggered a record single-day gain in TECO Energy’s shares and provides yet another sign of accelerating mergers and acquisitions activity.
Demand for agricultural products will continue to grow in coming decades, as rising household incomes prompt consumers in frontier and emerging markets upgrade their diets. But despite the recent hype in Barron’s and other financial publications, many of the agricultural industry’s former high flyers look like value traps in the current market. Cheap stocks can always get cheaper.
This leading textbook company continues to expand its margins and grow its recurring revenue by transitioning to digital content and leveraging its existing intellectual properties to penetrate the consumer market.
Some investors worry that the MLP structure itself has a fatal flaw, a concern that reflects the market’s tendency to view the group as a whole during times of panic. Examining the factors at play in the recent correction can help to identify the pockets of risk and the best-positioned names for when the market returns to its senses and focuses on individual stories.
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