Market Updates

Japan Slides Into Recession Again; U.S. Next?

Market Updates In the third quarter of 2014, the Japanese economy, the third biggest in the world, fell back into a recession. The country’s gross domestic product (GDP), quarter-over-quarter, declined 0.4% in the third quarter after it declined 1.9% in the second quarter of 2014. The annual GDP growth rate for the Japanese economy now stands at negative (-)1.6%. (Source: Japan Cabinet Office, November 17, 2014.) At an annual rate of -1.6% GDP, Japan’s economy will face its biggest contraction this year since 2009, when the Japanese economy plunged 5.5%. (Source: Federal Reserve Bank of St. Louis web site, last accessed November 17, 2014.) Japan is back in a recession despite the Bank of Japan’s extreme stimulus measures. Record MoneyThe post Japan Slides Into Recession Again; U.S.

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Fixed Income

DVHI: New ETRACS Diversified High Income ETN an

High-Yield & Dividend UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13).  The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix.  It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee.  The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.

Fund & ETF

MLP ETF Expenses Hit The Fan

ETFs Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.

Stock News

Market Update: Netflix Inc (NASDAQ:NFLX) – Netflix To Premiere Globally In March 2015 The New Tina Fey And Robert Carlock Comedy Series Starring Ellie Kemper

Services [CNW Group] - Netflix To Premiere Globally In March 2015 The New Tina Fey And Robert Carlock Comedy Series Starring Ellie Kemper Read more on this. Netflix, Inc. (NFLX), with a current value of $21.71B, began trading this morning at $372.48.   Today, shares have traded between $359.50 and $373.25 per share with a trailing 52-week range being $299.50 to $489.29.   Priced at 106.17x this year's forecasted earnings, NFLX shares are relatively expensive compared to the industry's 14.14x forward p/e ratio.     According to a consensus of 35 analysts, the earnings estimate of $0.46 per share would be $0.33 worse than the year-ago quarter and a $0.42 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.42 is a $1.57 better when compared to the previous year's annual results.

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Personal Finance

This Is the Way Out of Today’s Mad

Personal Finance Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.


Credit Suisse Analyst Michael Slifirski: New Non-Chinese Graphite

Energy The Mining Report: Will an uptick in electric vehicle sales and use of graphite in aluminum really have a meaningful impact on graphite demand in 2015 and beyond? Michael Slifirski: I believe so. The graphite market has been constrained by historic uses that have a slower growth rate than the new emerging opportunities, specifically electric vehicles. There's a lot of enthusiasm around that area.