David Fuller and Eoin Treacy's Comment of the Day
Category - General

    Facebook shares plunge as growth stalled by Scandal Regulation

    Thanks to Niru Devani for her commentary on this Bloomberg article

    Here is an excerpt:

    The company’s second-quarter results caused shares to plunge as much as 24 percent in after-hours trading, driving the market value down by $151 billion at one point. If the sell-off hits these levels in Thursday trading, it will be one the largest collapses in value ever suffered by a U.S.-traded company in a day.

    And for those hoping for a swift bounce back, the company told Wall Street the numbers won’t get any better this year. Chief Financial Officer David Wehner said revenue growth rates would decline in the third and fourth quarters. Analysts who follow Facebook were blindsided, asking frequently on a conference call with executives for more information on exactly how the company’s financial future had changed so dramatically.

    Gene Munster, an analyst from Loup Ventures said “the company has a track record of resetting revenue growth and expense expectations only to turn around and exceed those expectations the following quarter,”

    This section continues in the Subscriber's Area.

    2018 Emerging Markets Mid-Year Outlook

    A report here from Mirae Asset Global Investments which may be interest to Subscribers.

    We believe that emerging market (EM) equities are in the midst of a multi-year recovery and that the recent volatility is an opportunity to increase our positions in high conviction ideas. EMs still benefit from a much larger structural growth opportunity than their developed market (DM) peers. 

    This section continues in the Subscriber's Area.

    Combining Value Investing and Trend Following into a single method: 'Trending Value'

    Thanks to Dr. David Brown for this report.

    Value and Momentum are two of the most powerful factors that drive stock market returns. My Trending Value method combines the two into a very rigorous method of investment.  Let's look at the two methods of Value Investing and Trend Following independently then consider the merits of combining them.

    This section continues in the Subscriber's Area.

    Musings from the Oil Patch July 24th 2018

    Thanks to a subscriber for this edition of Allen Brooks’ ever interesting report for PPHB. This week it contains some interesting commentary on natural gas. Here is an excerpt:

    Natural Gas: The Forgotten Fuel’s Future Needs LNG Exports 

    One can be forgiven if he/she believes only crude oil news is important to the energy sector.  The volatility of crude oil prices, coupled with the OPEC meeting drama and President Donald J. Trump’s twitter campaign against high oil prices, provides opportunities for shocking headlines and non-stop commentary by the media.  On the other hand, if your business is tied to natural gas, you can be excused for believing it’s pretty boring since no one is talking about gas.   

    This section continues in the Subscriber's Area.

    Please note I am away on holiday until August 1st

    I would like to extend my special thanks to subscribers and friends of FullerTreacyMoney for submitting a number of articles for your kind consideration over the course of the next few weeks. I think subscribers will be pleasantly surprised with their contributions. 

    Trump to offer farmers $12B in trade aid

    Thanks again to Niru Devani for this article which may be of interest to Subscribers.

    In a highly unusual move, President Trump announced $12bn  in direct aid to farmers hurt by the trade war. These farmers in the Mid-West voted for the Republicans in the last election and there are some indications that some States may be leaning towards the Democrats. Of course the mid-term Congressional elections are coming up in November. While this aid package may help some farmers, there are other key sectors also in the firing line from the trade war, namely the car makers.

    Here is the full story:

    Trump to offer farmers $12B in trade aid 

    This section continues in the Subscriber's Area.