Last weekend, Atlanta Falcons Owner, Arthur Blank, invited me and my family to the Falcons – Patriots game as his VIP guests. And boy, did he pull out all the stops…
I thought we were just going to sit in the Owner’s box, but we got escorted out to the field through the same tunnel the players use – and we got to watch them warm up, too! In fact, one of the players locked noticed my son wearing his number and stopped to give him a big bear hug. Some of the cheerleaders even came over to take pictures with my kids.
It was one of my best “Dad” moments…
Now I’ve known Arthur for nearly 35 years – long before he became a self-made billionaire and while I was working my way through college (I’ll tell you more about that in a second).
And while it may seem impossible to become a millionaire – it’s actually easy to do.
Apple’s latest release, the iPhone 8, is a complete failure and could spell disaster for investors… at least, that’s what the talking heads on the financial news networks want you to believe. One of the pundits even said that the short-term prognosis “doesn’t look good” for the stock.
Now it’s true that their latest release isn’t selling as well as it predecessor, the iPhone 7. In fact, the demand for the iPhone 8 was so low that you could still buy phones days after pre-sales started. To give you an idea of just how bad that is, the iPhone 7 sold out minutes after pre-order selling began – setting it an all-time record for Apple.
But that doesn’t mean the company – or the stock – is in trouble. Quite the opposite, actually.
On Tuesday, Wal-Mart Stores, Inc. (WMT) announced a $20 billion stock share buyback, which simply means they’re planning to buy $20 billion worth of their own stock from the market.
Now investors and traders generally love buybacks because they drive a company’s market value, earnings per share (eps), and dividend payout higher.
But – despite Wal-Mart’s announcement – we’re smack dab in the middle of about a year-long “buyback drought.” In fact, the number of buybacks by S&P 500 companies only reached $120 billion in this year’s second quarter.
While $120 billion may seem like a large number, it’s down nearly 10% from the first quarter alone and 5.8% from this same period a year ago.
And that could have huge impacts on your portfolio – especially this earnings season.
This morning, we talked about why the financial sector is dominating third-quarter earnings season. In fact, bank stocks broke new highs today after the opening bell. But that doesn’t mean the rally is just getting started – quite the opposite, in fact.
And in my exclusive interview with CNBC, I’ll tell you exactly why… Click to watch…
Ford Motor Company (F) held an investor conference on October 2. Among the many announcements they made, the biggest takeaway is that they are entering into the electronic vehicle market and some impressive sales numbers. They even have a team assembled to speed up the development of these new vehicles.
And since the conference, Ford’s stock is trading above $12.25.
Now while that is a low stock price, let’s face it… nobody buys a single share of a company. Smart traders like you prefer to control larger portions of stock.
The mainstream media is focusing on the jobs report, which was released earlier today. But, while this report can give you a general idea of the state of the markets, the numbers are skewed (I’ll tell you why in a moment).
So instead of focusing on a flawed report that doesn’t give you the full picture, the best thing to do is to look at the “Four Corners.”