5 Tax Red Flags That Can Lead to an IRS Audit

Many Americans will file their income tax return early before the April 15 deadline to receive their tax refund. Some IRS audits are randomly selected and based solely on a statistical formula, the IRS says, but other audits can happen when documents simply don't add up. Greg McBride, chief financial …

Update: Gilead Gives Up Gains Despite Q4 Beat and This is Why

Gilead Sciences (GILD) was climbing in late trading on its better-than-expected  fourth quarter. Gilead said it earned $2.43 a share on revenue of $7.31 billion. Analysts were looking for earnings of $2.16 on revenue of $6.67 billion. It also announced a $15 billion share repurchase program. As for …

U.S. FDA approves Pfizer’s high profile breast cancer drug

The U.S. Food and Drug Administration on Tuesday approved Pfizer Inc's Ibrance, a potential new standard of care for advanced breast cancer, in a regulatory decision that came more than two months earlier than expected. Wall Street has considered the drug, whose chemical name is palbociclib, to be …

6 Ways You Can Emulate Top Brands

There is a distinct difference between your “brand” and your “branding.” Your brand is you. Your branding is you in action. Your brand is who you are, what you stand for, your values, DNA personality and essence. We are tangible, real entities, that create a brand image of ourselves …

Testy Tuesday – Back to our Strong Bounce Lines Again

Boy this is fun! ; It sure is fun for those of us getting in and out of our Futures trades as the lines have been fairly reliable in the channels as we make lower lows and lower highs on the way down, with plenty of up and down action in…

U.S. homeownership hits 20-year low, but new households growing

U.S. homeownership fell to a 20-year low in the fourth quarter, but a sharp rebound in the rate at which Americans are setting up home is expected to help drive a pick-up in housing. Household formation, however, more than quadrupled to 1.7 million in the fourth quarter from only 356,000 …

Should Financial Advisors Be Fiduciaries?

A reader writes, asking: “Do you think that a financial advisor should be a fiduciary? I’ve seen that discussed elsewhere, but never on your blog.” Well, that depends on exactly what you mean. If you’re in the market for a financial advisor, and you’re wondering …

End of the Month Summary – January 2015

January wasn’t too bad.  I lost money on paper, but I’m in the middle of the indexes’ losses and view my holdings as having much more upside potential.  My account looked pretty good for most of the month, considering the broad based losses across the indexes.  By the …

Jet Shopping Club Promo: Free 6 Month Membership ($25 Value)

Online shopping club Jet.com has been hyped as “part Costco, part mall, and all anti-Amazon” by Businessweek. It’s not even live yet, but it will be like Costco in that Jet plans to make their profit only from membership fees and make no money on actually …

4 Global Mutual Funds to Outperform Peers – Zacks.com

4 Global Mutual Funds to Outperform PeersZacks.comThe key benefit that global mutual funds provides is diversification since they invest in overseas markets while also holding domestic equities. Thus, they make good additions to a portfolio weighted in favor of domestic investments. The tepid economic …Sentry Investments and Sun Life Global…

Stocks Kick Off February with Gains

A late day rally helped kick the month of February off with solid gains across the board.  Led by energy the S&P 500 closed higher by 1.3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}.  The Dow Jones Industrial average followed up with a gain of 1.14{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}.  Lagging the session was the NASDAQ and Russell 2000.  Economic data was …

Oil Majors’ Profits Take A Beating

The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors. Royal Dutch Shell went first on January 29, revealing a big jump from the same quarter a year ago, but down from the third quarter …

How negative can interest rates go?

As global bond yields plumb new depths, an unprecedented experiment in monetary policy is underway in two small countries in Europe. By pushing policy interest rates more deeply into negative territory than ever seen before, the Swiss and Danish central banks are testing where the effective lower bound on interest …

US GDP Sets High Expectations

After Fed Chairman Ben Bernanke’s testimony yesterday, the USD has entered a minor down-turn. His statements reaffirmed the notion that interest rates will be held at record lows for some time. Even though the US stock market received a boost from this news, the greenback suffered a set…