Last Thursday’s Brexit vote led to a historically nightmarish day in the financial markets: Indexes across the globe were down between 3-10%. The British pound dropped from a high of $1.50 to $1.32, before finally recovering to $1.37, down an enormous 9% for the currency. European banks stocks were down between 15 and 20%. S....Read More

This WSJ article seems to not really understand bank business models or the current environment.  Right now banks are overloaded with huge litigation and regulatory costs which are effecting profitability.  In addition net interest margins are artificially low due to actions from the Federal Reserve.  As these issues reside, bank profits should grow.  In addition...Read More

Avon Products (AVP) continues to struggle as increased costs are eroding margins. This is really a throwaway quarter for Avon as they are transitioning to a new CEO, and they are dealing with the bid from Coty.  There is a lot of work to be done for this company and they really need to streamline...Read More

Apple (AAPL) beat expectations as usual earning a mind boggling $11.6 billion or $12.30 a share in their fiscal second quarter.  Much of the growth came from international markets where Apple still has a really good opportunity to increase market share.  The iPhone is generating 60% of revenue and the higher gross margins are having...Read More

This article outlines the fact that U.S. banks earnings might be down slightly from the first quarter of 2011.  While this may be true is should be a pretty strong quarter overall and it should augur for further growth for the large banks.  Costs are still elevated from the mortgage problems and net interest margins...Read More

http://www.bloomberg.com/news/2012-03-22/wall-street-profit-estimates-raised-by-analysts-after-jefferies.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More