It is index buying and new rotation to big tech . \The uptrend is clear. DOW broke through 18,000 is another very bold signal for another great bull run. I expect at least 10% rise in profit, with stock buy back from many companies, the stock average p/e multiple will decrease further. All in all, it is a secular bull run for at least few more rounds of EPS increase for most companies. One and Two basic point increase are well publicized and baked in. The money is still flooding in market, I do not see ECB or Japan can do anything otherwise. Oil price decreases pumped antoher 500 billions to eco. , the greatest risk is to hold cash and depreciated value.for few more years. Getting increased dividend from \i\bm is much better than negative interest in \europe
MCD ialways rise from late Dec. to end of April 80% of time in the last 5 years. Seasonally, for some reason, it always goes up in this period. Both short term and long term, MCD is a great stock . \\\\\\\\\\\\\\\\\The next catalyst could be Arkerman push for REIT, SELL MORE EXISTING FRANCHISE or the US recovery sales number. I am in Las Vegas this Christmas, the whole strip area are price gouging on food, 4 -5 bucks for a coffee, 12 bucks for a sanwich. Yet, the oasis can be found in the strip on upper level across Mirage. 1 buck for \coffee, 2.49 for the fresh \Mccafe freshly gridded one. It was packed. Nobody, just nobody can beat MCD on convinence, price and QUALITY. iTS SCALE can beat up competitor on many fronts. Yet, profit margin and ROE is one of the highest in industry. This is the type of stock that \i like to invest.
Sentiment: Strong Buy
It is using the strong dollar to buy Spain grade A properties for distressed price. I start seeing funds buying assets in Europe. BX is surely smart to have instance accredited return .
US subsidiary income will increase by 15%
Should rise easily 0.8% by the end of the day as in other banks and reflect the correct price.
BX is behind comparing to the Banks. It should catch up push through previous high. Buying distressed Spain assets is a good move. Rasing oil fund to buy oil companies dieing for money is great.
The assets sell will boost Jan earning. 0.8 book value is way behind the market. trillions of assets - worth a lot more after C bought it years ago.
Great arbitrary opportunity while US exchange price was down . TD bank is up on both exchanges. That tells me a mismatch in pricing. Buy RY in US and sell in Toronto exchange
The similarity is when ppl is doom and gloom about MSFT, it was still generate hugh positive cash flow. MSFT bought back 40 bilions share. That effect alone boosted the price from 28 to 40 not including the increased earning in that period. IBM is exactly the same, generate hugh free cash flow, price moves side way. Earned money would not disappear in vacuum. If my 100 dollar condo generates 10 dollars rent, I would be laughing if someone tell me that my condo worth 5 bucks. This is exactly what happen, my condo value is dictated by the rent that I collect. It does not matter if someone thinks it worth 5 bucks or 6 bucks. These are just noise. If IBM can generate 18 -20 EPS and increasing for a 170 stock, I would keep buying and laughing all the way.
Sentiment: Strong Buy