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PICK OF THE DAY  Weir Group PLC WEIR:LSE  BUY  Today we’ve picked the Weir Group Plc. as our pick of the day. Weir Group Plc  is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment provides slurry handling equipment and associated aftermarket support for abrasive high wear applications used in…

The AUD/USD took a dive throughout the night after the Private Capital Expenditure fell -5.2%, significantly lower than the forecasted figure of -1%. The Capex figures revealed that firms in the December quarter spent considerably less on plant, equipment and machinery, down 8.6%.  The USD rallied against the majority of its major counterparts throughout the…

  According to the latest stats out for 4Q 2013, as revealed by our friends at the “Vampire Squid” aka Goldman Sachs, it seems that hedge fund managers en masse spent most of their time during the latter part of 2013 playing golf with their friends instead of trading their positions (or, ahem, mining their…

    What year is this—1999?  Some of you might have been active investors in the bull market during the late 90s, as I was, witnessing the S&P 500 soar during that decade. In fact, the bull market was so strong back then that it created a false sense of confidence, as many people quit…

As we have seen in the recent past what with the examples of Julian Assange and Edward Snowden; next to being a martyr, being a whistleblower probably counts as one of the worst experiences one can endure in life! At the very least, even without the attendant blast of media notoriety / infamy, someone who…

Risers:  Weir Group +5.95 Weir Group is currently leading the FTSE 100 after the engineering company reported its full year results. The group posted a fall in pretax profit to £418.1m, down from £439.8m in 2012. Chief Executive Officer Keith Cochrane has said:“We expect good constant currency revenue and profit growth with Group margins broadly…

Since the beginning of the year, one asset class has shone when compared to the stock market. I am talking about gold bullion. The yellow shiny metal’s prices are up more than 10%. The stock market, on the other hand, hasn’t performed as well. For example, year-to-date, the S&P 500 is only up by little…

PICK OF THE DAY HSBC Holdings PLC HSBA:LSE  SELL Today we’ve picked the HSBC Holdings Plc. as our pick of the day. HSBC Holdings Plc is a global banking and financial services organizations. As of December 31, 2012, it provided a range of financial services to around 58 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking,…