Commodities
Rising Oil and Gas Prices During a Recession
You know over the course of the past few months I’ve not held Wall Street or the banking executives in high regard. I hold them almost – that’s almost… Read more
USO, FEED Deliver: Next Up is GHM
GHM Up 65%
Oil is above $60 a barrel. Investors are buying on the expectation that the end of the recession is in sight. And hopefully, Daily Profit readers are benefiting via… Read more
BAC and Banks Lead One Week Gains
The "Stress Test rally" didn’t last long. Bank stocks had a good day Friday. In fact, they had a good week. Bank of America (NYSE:BAC), for instance, went from… Read more
What will full employment look like?
Good news out of China
On Wednesday, the Taiwan stock market posted its biggest gain in 17 years after China Mobile (NYSE:CHL) bought 12% of Taiwanese telecom Far EasTone. The deal was worth $529… Read more
Big Banks: They All Fail
I figured Citigroup (NYSE:C) would be asked to raise more cash to insulate it against further losses. But when I read that the Treasury will raise reserve requirements for… Read more
Bank Stress Test to Discredit BAC and C Earnings Report?