Wow. Look at this. How could I have missed it?
Skechers has cornered the low end of the “athletic” shoe biz — walking shoes, the part that Nike and Under Armour studiously didn’t want, for fear to sullying their grand image. It’s been a top pick of VectorVest, which tracks 8,000 stocks.
Here are VectorVest’s present top twelve: Skechers (SKX), Eagle Pharmaceuticals (EGRX), Icon (ICLR), Tree.com (TREE), Supernus Pharmaceticals (SUPN), Adeptus Health (ADPT), GigOptix (GIG), Gilead (GILD), Valeant Pharmaceuticals (VRX), Alaska Air (ALK), Cal-Maine Food (CALM) and Catalent (CTLT). I’ve had two of them on my list — GILD and ALK.
Personally I continue to like GILD, FIT, MBLY, GRPO and XLV (a biotech ETF).
Biotech/pharma and tech are in a bubble. Be wary.
From Business Insider this morning:
As of Friday, 354 of the S&P 500 companies have announced Q2 earnings.
“With 71% of the companies in the S&P 500 reporting actual results for Q2 to date, the percentage of companies reporting actual EPS above estimates (73%) is equal to the 5-year average, while the percentage of companies reporting actual sales above estimates (52%) is below the 5-year average,” FactSet’s John Butters notes.
“Looking at future quarters, analysts are expecting year-over-year declines in earnings to continue through Q315, and year-over-year declines in revenue to continue through Q415. Despite the estimate reductions, analysts are looking for record level EPS to resume in Q4 2015.”
Network Extender is the magic . I have three of them:
+ The $25 “TP-LINK TL-WA860RE New Version N300 Universal Wireless Range Extender with Power Outlet Pass-Through, Wall Plug, Plug and Play, Ethernet Port, Smart Signal Indicator Light.:
You plug it in a remote part of your house or office where your WiFi is weak. It grabs your main WiFi/access to the Internet signal and amplifies it. You have to synch it to your wireless router, which is easy if you WiFi router has a WPS button. Mine didn’t. I needed to plug it into my laptop, put in http://192.168.0.254/ and program it manually. Which was easy once “Support” gave me the url address. If you buy one of these things, you’ll probably need the address. Write it down. Once installed, the thing works like a charm. Buy the the $25 gadget here.
+ I have a Samsung Verizon cell phone network extender. It has boosted my bars from one to four, which is major. Most of the big carriers have such animal and will sell it to you cheaply or give it to you for free if you complain loudly enough about your poor cell service.
+ I also have Panasonic Range Extenders for the landline phone systems in our city and country homes. These things are around $25-$30 and only work with Panasonic phone systems, which I happen to love. Two nice things about Panasonic’s newest model is that it you can make and receive calls on your cell phone with the Panasonic. It’s paired via Bluetooth. Second, it’s using nickel-metal hydride rechargeable batteries, which are much better than the old nickel cadmium.
Once you have these network extenders installed, your phone and Internet are much improved. It’s like living in a whole new comfortable world.
+ From a new book “Wealth Secrets of the One Percent. A modern manual to getting marvelously obscenely rich,“
Secret No. 1: “Don’t be the best. Be the only.” Here Wilkin tells the story of the Thurn and Taxis European postal monopoly and how it crushed a potential rival in the 17th century. “Growth isn’t the ultimate achievement of business strategy,” he writes. “Having one’s competitors hanged is the ultimate achievement of business strategy.”
Read the amusing review here. Don’t buy the book.
+ Why Greece’s Lenders Need to Suffer by Adam Davidson. His thesis is simple: No bank would have bought Greek bonds on the last bailout — except tfor an implicit guarantee by the German government., which didn’t want its big banks to fail. As Davidson points out “There is definitive proof, for anyone willing to look, that Greece is not solely or even primarily responsible for its own financial crisis.” Today the Greek stock exchange opened and prices crashed around 23%. The Greek economy is contracting at a rate faster than even during the Great Depression. It’s really sad for the Greek people. Banks that are too big to fail take ridiculous risks and cause major economic imbalances — like what’s happening in Greece today.
Read the full article here.
+ From T-Nehisi Coates “Between The World and Me,“
I read the book in one sitting on the weekend. It’s written as a letter to his 15-year old. As black, you’re growing up in a fearful world stacked against you — viz all the recent killings of young blacks by white cops. There are no “tips” s to what the kid should do, but lots of background as to why we got that way. One passage impressed my economic eye:
At the outset of the Civil War, our stolen bodies (i.e. black slaves) were worth four billion dollars, more than all of American industry, all of American railroads, workshops, and factories combined, and the prime product rendered by out stolen bodies — cotton — was America’s primary export. The richest men in America lived in the Mississippi River Valley and they made their riches off our stolen bodies. Our bodies were held in bondage by the early presidents. Our bodies were traded from the White House by James K. Polk.
If you start with a cage containing four monkeys, and inside the cage hang a banana on a string from the top, and then you place a set of stairs under the banana, before long a monkey will go to the stairs and climb toward the banana.
ALL the monkeys are sprayed with cold water. After a while, another monkey makes an attempt with same result — As soon as he touches the stairs, you spray ALL the monkeys with cold water. Pretty soon, when another monkey tries to climb the stairs, the other monkeys will try to prevent it.
Now, put the cold water away. Remove one monkey from the cage and replace it with a new monkey. The new monkey sees the banana and attempts to climb the stairs. To his shock, ALL of the other monkeys beat the crap out of him. After another attempt and attack, he knows that if he tries to climb the stairs he will be assaulted.
Next, remove another of the original four monkeys, replacing it with a new monkey. The newcomer goes to the stairs and is attacked. The previous newcomer takes part in the punishment with enthusiasm — because he is now part of the “team”.
Then, replace a third original monkey with a new monkey, followed by the fourth. Every time the newest monkey takes to the stairs, he is attacked.
Now, the monkeys that are beating him up have no idea why they were not permitted to climb the stairs. Neither do they know why they are participating in the beating of the newest monkey.
Finally, having replaced all of the original monkeys, none of the remaining monkeys will have ever been sprayed with cold water. Nevertheless, not one of the monkeys will try to climb the stairway for the banana. Why, you ask? Because in their minds, that is the way it has always been!
This is how today’s House and Senate operates; and this is why, from time to time, ALL of the monkeys need to be REPLACED AT THE SAME TIME!
Disclaimer: This is meant as no disrespect to monkeys.
Happy baby, Sophie. Happy mother, Claire. Proud grandfather, Harry, behind Canon G16 camera. Amazing thing about Sophie is she has folds in exactly the same place the Michelin man does.