In trading on Wednesday, shares of Exxon Mobil entered into oversold territory, changing hands as low as $111.42 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. Start slideshow: 10 Oversold Energy Stocks » In the case of Exxon Mobil, the RSI reading has hit 29.5 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of…

We’re now well on our way to Trump 2.0, and I’m getting a lot of questions from readers about where things head from here. I see the new administration as overall bullish for stocks. But the truth is, fortunes will be made in the next four years and, sadly, retirements will be lost. My job is to keep you on the right side of the financial markets. One thing I can say is that the next four years will be challenging for two kinds of investors: Buy-and-hold (or as I like to call them, “buy-and-hope”) types, and … Those who…

Key News Asian equities were mixed overnight on light volumes, and little significant news as South Korea posted consecutive +1% days for the first time since early July, while the Philippines underperformed. There was little market-moving news for Mainland China and Hong Kong as top policymakers met at the China Economic Work Conference (CEWC). A Reuters article that the Chinese government will deliberately weaken the Renminbi to offset Trump tariffs is making the rounds. I find the article somewhat non-sensical as we know China’s interest rates are being cut, which, based on how many US Fed cuts occur, could weigh…

I like Netflix. The plethora of films and documentaries across numerous categories offer a seemingly limitless array of entertainment choices available to stream any time and any place. From sports to obscure indy films to UFO documentaries—if those can even be called documentaries—I can indulge in an occasional Sunday afternoon binge. All I need is an internet connection. What I find most intriguing about Netflix are its algorithms. Lord knows what or how many variables the algorithms use to assess my eclectic viewing habits in making those “if-you-liked-that-you-may-like-this” recommendations. Yet, and often with uncanny accuracy, the algorithm finds a film…

Circle and Binance have joined forces in a partnership deepening ties between USD Coin (USDC), a stablecoin with $41 billion in assets under management, and the world’s largest crypto exchange. The collaboration, announced today at Abu Dhabi Finance Week, isn’t about introducing USDC to the Binance exchange—where it’s already available—but expanding its role within Binance’s suite of trading products and services. This includes additional USDC trading pairs and special promotions on USDC across trading, according to CEO Richard Teng. Binance will also adopt the stablecoin for its corporate treasury and work with Circle “to build key relationships across the global…

Major investment forces are rejoining to produce a “new” investing reality – one based on classic investing strategies and wisdom. Bond market interest rates – The “bond vigilantes” have returned to reset intermediate- and long-term interest rates to reality. That means focusing on economic and financial fundamentals and risks (uncertainties). The Federal Reserve can talk about lowering short-term rates in the money market, but the effect will be felt less in the rest of the bond market. Moreover, inflation has a stronger hold now, with businesses and consumers continuing to take actions based on price increases. Stock market valuations -…

According to NextEarningsDate.com, the Nike next earnings date is projected to be 12/19 after the close, with earnings estimates of $0.83/share on $12.47 Billion of revenue. Looking back, the recent Nike earnings history looks like this: The company has an impressive long-term earnings per share chart: And with equally impressive revenue growth: But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can be a stock options trader’s dream come true — so such traders will be interested to know that Nike has options available that…

By Grahamites Summary Nike has under-performed due to distribution revamp, product design shifts, and backlash in China, impacting revenue and margins. Nike’s valuation is low, with a Schiller P/E near a 15-year low and a dividend yield close to a 15-year high. Despite the challenges, Nike’s stock appears undervalued, offering potential for patient investors with its dividend yield and share repurchase program. Nike (NKE, Financial), the global athletic shoe and apparel giant, has significantly underperformed the index over the past three and five years. This prolonged period of underperformance is unfamiliar to Nike’s long-term shareholders. During the past 5 years,…

This has been a great year for stocks—and a great year for our 8%+ yielding closed-end funds (CEFs), too. That makes sense: Many CEFs invest in stocks, and many more hold bonds issued by publicly traded firms, so what’s good for stocks tends to be good for CEFs. When we look at the proprietary indexes we use to track CEFs at my CEF Insider service, we see that the equity sub-index has done the best, with a 21% year-to-date total return. Corporate bonds are second at 14.3%. Municipal bonds, known for lower volatility and risk, have gained a bit less,…

Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close, giving Hong Kong an hour to rally/go vertical. During US trading hours, Hong Kong futures tracked the US-listed China ADRs and China ETFs higher, though strangely, Mainland Chinese futures were barely higher. This led to speculation yesterday that the US-China ADR and China ETF rally was driven…