International Investing

Get ready for the China collapse. Virtually every major media outlet has weighed in with dire reports that the Chinese economic miracle is about to come to an abrupt end. These Chicken Littles note that any strong asset class that looks like a bubble must come crashing down. In the… Read More

Sometimes, investors just need an excuse to sell. If they feel like worrying, there are always an ample amount of things to worry about. A few months ago, Greece was the concern du jour. Even though it’s a tiny economy, and has almost… Read More

By the end of Monday’s trading, investors began to question whether China will really follow through with plans to boost its currency. Earlier in the day, we opined that change is coming, albeit more slowly than many would like. Even after the dust settled and many China-related stocks gave back their gains, shares of metals makers – especially aluminum producers – held onto sharp advances. Both Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX) rose more than +10% on intra-day basis on Monday,… Read More

By the end of Monday’s trading, investors began to question whether China will really follow through with plans to boost its currency. Earlier in the day, we opined that change is coming, albeit more slowly than many would like. Even after the dust settled and many China-related stocks gave back their gains, shares of metals makers – especially aluminum producers – held onto sharp advances. Both Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX) rose more than +10% on intra-day basis on Monday, and were holding most of those gains in Tuesday trading. For both of these firms, investors need to brace for some short-term pain but real long-term gains. A Tough Start to Earnings Season Alcoa, which always kicks off earnings season, will likely set a somber tone. Analysts have been lowering their second-quarter profit forecast from $0.28 to $0.16 during the past few weeks, and that still looks too high. Spot pricing for aluminum has been… Read More