Stocks at 52 week low worth buying

Share to Twitter Share to Linkedin Coinbase COIN (NYSE: COIN) began its publicly traded existence on April 14th, 2021 as a hot initial public offering that cryptocurrency freaks could not stop talking about. There was more than the usual amount of “this one’s going to the moon!” free and sometimes paid-for advice that typifies a certain type of IPO no matter what the era or the industry. The certainty of success seemed obvious to the many who participated. When the stock was issued at a price of $250 — which got filled, by the way, by few investors — an immediate at-the-open rally took it up to $381 within minutes and then to a quick blast up to $424, a peak never to be seen again. Coinbase since then is an example of almost relentless selling as the crypto world it represents entered what those enthusiastic about it took to calling “winter” — although some have noted that it’s lasted almost as long as an ice age, so far. This week’s news … [Read more...] about Coinbase: From Hot IPO To Cold Wells Notice

BREADWINNER   Teodora Vega inside her “sari-sari” store in Pasig —photos by Gillian Villanueva Nearly 20 years ago, Veronica Garcia used to hawk sili, kamias, sampalok and other spices in a pushcart. As her husband was not earning enough as taho and binatog vendor, she decided to start selling vegetables and other goods as well. Her sister, who had her own car, helped her buy products in Divisoria, Urdaneta, Pangasinan, and other provinces. Nowadays, she is able to relax at home while her children tend to her stalls at a nearby wet market in Pasig. Her husband helps with the household chores. “I was pushing around a kariton , until I was able to rent a stall, until the stall became my own,” the 51-year-old says. Part of the reason that she was able to succeed in growing her business was the financing she was able to get from ASA Philippines Foundation. Her sister, who used to be a member of ASA, introduced her to the microfinance company. At that time, Garcia was still … [Read more...] about Empowering Pinay microentrepreneurs

Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields

Refilling the U.S. Strategic Petroleum Reserve may take years, U.S. Energy Secretary Jennifer Granholm said this week, reversing plans the Biden administration announced late last year to repurchase at lower prices oil it sold from the reserve in 2022. However, the relatively limited size of the planned repurchases in proportion to global oil demand makes assessing the impact on U.S. crude oil markets somewhat difficult—especially amid current global economic trends and geopolitical challenges. KEY TAKEAWAYS U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve. It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices. Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision. Granholm told a House panel Thursday that the U.S. likely would not … [Read more...] about US to Take Years to Refill Its Strategic Petroleum Reserve

Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues