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The World’s #1 Place to Buy a Domain for Your Website – Godaddy

Godaddy.com is the world’s #1 domain registrar that controls over 50 percent of domains which have registered in the world, and NASDAQ listed company with the symbol NASDAQ:GDDY. Personally speaking, I trust Godaddy, and of course choose it as my domain registrar (my website www.moneyhome.com is registering on Godaddy.com).

For 2017, I have just found and collected some new promotions (coupons) for the world’s largest registrar, which working both on Domain and Hosting products (You can click to redeem the offers).

Firstly, 30% OFF for anything on Godaddy.com

Click to Redeem Your 30% Discount

Secondly, $0.99 .com domain from Godaddy.com

Click to Redeem for $0.99* .COM Domains!

Thirdly, $1/mo Hosting from Godaddy.com

$1*/ mo hosting! Get going with GoDaddy!

Use the promotional links above are can get a big discount for all materials you need to start a new website – domain, hosting, SSL certificate, etc.

Enjoy yourself.

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Silver Wheaton Is A Permanent Scare For Investors

Summary

  • Author:Antonio Carradinha
  • The company has a streaming model that works with adequate purchase agreements.
  • The company has solid cash flow but needs to improve its financial strategy.
  • More return to shareholders is crucial as dividend is low and shares outstanding have increased.
  • While fixed costs are high, profits are very low for a company of this type.

It has long been a commonplace to say that investing in Silver Wheaton (NYSE:SLW) is like investing in silver (NYSEARCA:SLV) itself. The company has an attractive business plan that allows to dispose of large quantities of this precious metal at low prices. All this is well known to investors as well as the gradual increase of its business also in gold (NYSEARCA:GLD). Because of this, I have always found that SLW could be a good investment because we can easily leverage the price rise of precious metals (PM).

However, there are reasons that should lead us to be more cautious. The volatility of PM implies an even greater volatility in SLW as we can see in the charts below. For this reason, the long-term investor sees his asset rising and falling dramatically in the face of PM price changes.

If we look at the chart below we will see that from the beginning of 2016 until today SLW had an increase in its share price that far surpassed the increase of silver. Of course, SLW shows great upside potential as soon as silver prices reach levels above $15-$16. In fact, as soon as fixed costs are covered any increase in PM prices translates into a more than proportional climb in SLW share prices.

Nevertheless, it has to be noticed that net income has been modest despite the good prices the company gets from purchase agreements of silver and gold. There seems to be no doubt that the fixed costs of the company are at a high level and everything must be done to lower them. It’s a fact that the company can’t show adequate results if silver falls slightly under $15-$16 as happened in 2015. In recent years, this has been the limit level for results to become negative. For the reasons explained, EPS has been declining – from $1.65 in 2012 to $0.45 in 2016 (being even negative in 2015).

As we can see on the chart above SLW needs higher valuations of silver and gold to climb. More than ever the company shows significant volatility forcing investors to pay close attention to its price movement. Taking a look at the last chart below it is possible that the increasing purchase agreements of gold may change somehow this situation. However, at current prices Silver Wheaton has a small margin of safety and is very dependent on the rise in prices of PM.

It will be necessary to do a break-even point study of the level of SLW share price in relation to the price mix of the two PM. It will be a task for another article and will be based on a short-term price analysis. The goal is to build a relationship between the price change of these 3 assets going forward. Currently if prices of SLV and GLD are under $15-$16 and $110-$115, respectively, SLW prices are in great danger of plunging. That’s not promising at all.

I believe that the company could improve and show a better image if it can solve soon its fiscal problems with the Canadian Revenue Agency. On the other hand SLW has a serious problem at San Dimas and it was very positive if an agreement of some sort could be obtained with Primero Mining. Since 2012 Silver Wheaton doubled its production, mainly through investments in new streams with funding coming from cash flows and new equity. The company has 30 high-quality assets with a streaming model that works. Despite the low profitability and significant volatility, the company continues to be an interesting investment in the precious metals mining area. What is required from a company of this type is that it makes good agreements and that the mines in question are of superior quality.

Silver Wheaton’s financial strategy should rely mainly on its own cash flow generation. The company has put in place a streaming model that leads to purchase agreements with very favorable conditions. In my opinion this should allow the company to be debt-free without needing to raise new equity that always involves dilution and loss of value for shareholders. Importantly, global sales already account for almost as much as silver as gold. It gives much more elasticity to the strategy of the company that is increasingly less dependent on a single precious metal with the risk and vicissitudes of mining production to be favored by the positive impact of diversification. With tight cash management the company could be increasingly independent in the financial area which would make it more demanding and effective in the agreements to be established with its partners.

Conclusion

One aspect will be paramount: fixed costs should be contained or reduced so that dependence on PM is not immediately felt at such low prices. On the other hand, the company has to give more return to its shareholders because the dividend is low and the company has significantly increased the number of shares outstanding (plus 22% from 2014 to 2016). The company has no choice but to create a growing margin of safety to take advantage of the price variation of PM. Currently, the company can not be a long-term investment because its volatility will imply medium-term trading. In phases of PM rising prices it will be a strong buy with adequate trailing stops.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Wells Fargo Bonus Promotions: $50, $100, $150, $250 Checking & Business

Here’s your best source for new Wells Fargo promotions and bonus offers. Typical sign-up cash bonus promotions have been for $100, $200 and $300.

You’ll find offers for Checking, Savings and Business accounts when they’re available here.

Wells Fargo ranks #1 in terms of the number of branches in the United States, with well over 6,000 locations across these states: AK, AL, AK, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, and WY.

Wells Fargo Promotions are available for residents nationwide, with bonuses that can range in value from $10, $25, $50, $100, $150, & $250 checking & business good through April 1, 2017. For these bonuses, customers are only required to open a Wells Fargo checking account (Everyday or Preferred). To obtain the bonuses, simply follow certain requirements such as opening a new account, make a certain number of purchases with your debit card linked to your consumer checking account, or use a promo code. Wells Fargo offers nationwide service and offers convenient banking features/benefits such as free mobile banking, free online bill pay, free account alerts, overdraft protection, and much more. If you want to check up on the internet’s most complete list of Bank Account Promotions, keep coming back to HMB!

Wells Fargo Promotions:

  • Promotion Links:
  •  Expiration Date: 06/25/2017
  • Account Type: Wells Fargo Every Checking, Wells Fargo Preferred Checking, Wells Fargo Mobile App
  • Availability: Nationwide
  • Branches: 6000+ (Bank Locator)
  • Credit Inquiry: Soft Pull via ChexSystems
  • Opening Deposit: Minimum $50
  • Credit Card Funding: Unknown
  • Direct Deposit Requirement: Optional
  • Direct Deposit Options: ?
  • Monthly Service Fee:
    • Wells Fargo Everyday Checking: $10 monthly fee; The $10 monthly fee can be waived if you meet at least ONE of the following requirements:
      • 10 debit card purchases/payments from your WF Everyday Checking account
      • $500 or more qualifying monthly direct deposits
      • Minimum daily balance of$1500
      • If you’re linked with Wells Fargo Campus ATM or Campus Debit Card
    • Wells Fargo Preferred Checking: $15 monthly fee; The $15 monthly fee can be waived if you meet at least ONE of the following:
      • Minimum of $10,000 deposit balance
      • $1000 or more qualifying direct deposits
      • If you’re linked with Wells Fargo Home Mortgage Loan
  • Closing Account Fee: None

Wells Fargo Cash Wise Visa® Credit Card offers $150 cash rewards bonus after spending $1,000 in net purchases in the first 3 months along with a chance to earn unlimited 1.5% cashback on all purchases. The Cash Wise Visa is a great card to have especially with the unlimited chances to earn cash back and no annual fees! You don’t have to worry about category restrictions or those frustrating quarterly sign ups. The Wells Fargo Cash Wise Visa® Credit Card gives you a chance to earn unlimited cash back and to top it off the cash rewards do not expire as long as your account remains open. The Wells Fargo card also provides an extended 0% APR period for purchases and balance transfers.

Wells Fargo Promotions:

$10 WF Wallet – (06/25/2017) *Targeted*

Wells Fargo Wallet $10 Bonus– For select users, Wells Fargo is offering you a $10 Statement Credit if you make a purchase with the Wells Fargo Android App before the deadline of June 25, 2017. The Wells Fargo app is having a great promotion that you can receive an easy $10 for making any purchase with the app. This promotion is a small one great for those of you who want a quick and easy for those of you who have a Wells Fargo account but isn’t worth getting a card for. To receive this bonus, all you have to do is login into your Wells Fargo App and make any purchase with the app. You’ll then earn your $10 Statement credit. Simple! This promotion doesn’t have an expiration date, but can expire anytime, so register now!

$250 Checking – (Expired) *Targeted*

Wells Fargo Checking $250 Bonus– Available nationwide, Wells Fargo is offering you an opportunity to score a $250 bonus when you open a new checking account online valid through April 1, 2017. To qualify for the $100 bonus, you must make 10 debit card purchases and/or payments within 60 days of account opening and set up a qualifying direct deposit of $500 to your new checking account. Wells Fargo gives you access cash at over 12,800 ATMs and the Everyday Checking account comes with no monthly service fee when balance requirements are met. Your get free access to Online Banking with Bill Pay along with free Mobile Banking.

$150 Targeted – *Expired*

Wells Fargo $100 or $150 Targeted Bonus- Visit your local Wells Fargo’s Bank ATM machine and use a another bank debit card to withdraw your money to see if you can get a $150 Bonus coupon valid through December 31, 2016.(YMMV) To get this bonus, you must be a new customer. Simply open a checking account at your nearest Wells Fargo branch with the ATM offer and receive a $150 bonus. Follow the ATM instructions with your non-Wells Fargo debit card provided in the review link following this sentence and try your luck for this targeted offer!

$25 Savings – *Expired*

Wells Fargo Savings $25 Bonus– Wells Fargo is offering you an opportunity to score a $25 bonus when you open a new savings account valid through August 31, 2016. To qualify for this $25 savings bonus, simply open a new Way2Save Savings account with an opening deposit of at least $25 and complete the following within 60 days of account opening: Set up a monthly automatic transfer of at least $25 from your Wells Fargo Checking Account to your savings account opened for this bonus offer AND make deposits to your new savings account totaling at least $300. With the Way2Save Savings Account, you can expect optional overdraft protection, secure online access, and the My Savings Plan feature to plan, monitor, and track progress toward your savings goals!

$50 Checking – *Expired*

Wells Fargo Checking $50 Bonus– Wells Fargo Bank (Wells Fargo $50 HS Bonus) is having a promotion where graduating high school seniors can earn a $50 Bonus (YMMV) when they open a new checking account valid from May 1, 2016 through June 30, 2016. (YMMV) Graduating high school seniors who do not have an existing consumer checking account can receive a bonus of $50 when they meet certain qualifications. To get this bonus, you must be a new customer and a high school graduating senior. For this offer, print off the flyers provided in this post and visit a physical branch to try your luck with this offer!

$100 Checking – *Expired*

Wells Fargo Checking $100 Bonus– You can take advantage of this $100 bonus from Wells Fargo good through June 3, 2016. Available nationwide, Wells Fargo is offering a $100 Checking bonus offer when you open a new checking account. To earn the $100 bonus, you must make 10 debit card purchases and/or payments within 60 days of account opening. Wells Fargo gives you access cash at over 12,800 ATMs and the Everyday Checking account comes with no monthly service fee when balance requirements are met. Your get free access to Online Banking with Bill Pay along with free Mobile Banking.Sign up today and let us know how it goes by commenting below or review the bonus and its process by using this link.

$100 Targeted – *Expired*

Wells Fargo Business Checking- Wells Fargo ($100 Business Printout) is having a targeted promotion where you can earn a $100 Bonus when you open a new Business Choice Checking account or Platinum Business Checking account valid through May 1, 2016 through May 31, 2016. (YMMV) To get this bonus, you must be a new customer. New business checking customers can receive a $100 bonus. To further qualify for this offer, you cannot be a current owner on a business checking account, a Wells Fargo team member, or a recipient of a business checking bonus in the past 12 months (limit one bonus per customer). For this offer, print off the flyers provided in this post and visit a physical branch to try your luck with this offer!

$50 Checking – *Expired*

Wells Fargo Checking $50 Bonus– You now have the opportunity to obtain this Wells Fargo At Work $50 checking account promotion valid through January 31, 2015. The promotion is limited to only customers with new consumer checking accounts who are employed by an enrolled Wells Fargo At Work company. Mention this promo code AWQ115 to your banker when you open the account. In order earn the $50 bonus, you must establish a qualifying direct deposit within 60 day of opening.

Bottom Line:

If you live near a Wells Fargo Bank location, you have the opportunity to earn $50 up to $100 in checking bonuses. All you have to do is sign up for a new Wells Fargo Bank checking account and meet certain requirements listed earlier in this post. Wells Fargo offers convenient banking features and benefits such as free mobile banking, free online bill pay, free account alerts, overdraft protection, and much more.  Apply today and let us know how this process when for you by commenting below! Enjoy! We’ve compiled all of the bank deals on one convenient table, so bookmark the page if you want to stay updated!

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PayPal: Impressive Expansion But Not Without Its Problems

Summary

  • Author:Societe Financiers
  • The current market price of PayPal’s stock is near all-time highs.
  • Revenue keeps growing continuously at impressive rates.
  • The number of active accounts is constantly increasing.
  • Operating efficiency needs further improvements.
  • The target price range is around the current market price of the stock.

With sales over $10.8B in FY2016, PayPal (NASDAQ:PYPL) is one of the largest players in the credit services industry. The company is surrounded by competitors like Visa (NYSE:V), MasterCard (NYSE:MA), and American Express (NYSE:AXP) (net sales $15.9B, $10.8B, and $32.1B in FY2016, respectively). Facebook (NASDAQ:FB) may also be viewed as a competitor in the payments business, but its payments unit does not generate more than $800M in annual revenues, as per the latest 10-Q report.

PayPal’s shares gained 10.3% year to date. Over the year, the stock has grown in value by 11.5% compared to 20.6% and 17.2% earned by the credit services industry and the S&P 500 index, respectively (see Diagram 1). The stock has increased by 28% since the company’s IPO in July 2015. The current price is around $43 per share, which is a little lower than the all-time high of $44.24 reached in October 2016 (see Diagram 2).

Diagram 1
Diagram 2

The latest 10-K provides some interesting data for analysis. The annual revenue has increased by 17.2%, having reached a record level of $10,842M in FY2016. The three-year average growth rate is 17.3%, which is much higher than the benchmark. The three-year average net income growth also is significantly higher relative to the industry (See Diagram 3). PayPal expects revenue to grow 15%-17% this year. Taking into account these data points, we expect the sales growth rate to be around 17.6% in the next two years and then to decline below the level of 17%. As a result, our key scenario is quite optimistic in nature.

Diagram 3

Now, let us analyze PayPal’s customer base.

The number of active customer accounts has grown by 3% in Q4 FY2016. The total number of active accounts has reached a level of 197 million. The quantity of accounts has been increasing at an average quarterly rate of 2.7% during the last three years. As you can see in Diagram 4, there’s a linear trend in the growth of PayPal’s customer base. This relatively modest figure explains only about 20% of growth from the company’s revenues: the rest seems to be driven by increases in average revenue per user. Investors should keep that in mind when projecting revenues in the mid-term.

We would like to draw your attention to the fact that the number of transactions per active account has been growing faster than the number of new customers. The average quarterly rate is 2.8% during the last three years (see Diagram 5). This may imply a high level of loyalty to services provided by the company.

Diagram 4
Diagram 5

PayPal’s operating efficiency does not look great at all. According to figures presented in Diagram 1, there is a lot of room for improvement. The company’s operating margin stands at 14.6%, which is about 50% lower than the benchmark. Notice that the operating margin has been on downtrend since FY2013. The net income margin is about 4.5% lower than the market average. We expect further downward pressure on the net income margin in FY2017.

Capital expenditures as a percentage of revenues have declined by 6.2%. Research and development spend has been in decline over the last five years. The shrinking of capital spending and R&D will likely affect revenue growth and product offerings in the long term.

Diagram 6

DCF Model: We would like to strengthen our financial analysis by including a financial model to conclude the fundamental valuation of company’s shares. The DCF model is presented in Diagram 7.

The model shows that, after adjusting for balance sheet items, the fair value of equity is around $53.7B. Consequently, the stock’s fair value is around $44 per share, which is 2% higher than the current share price.

Diagram 7

Our analysis is based on certain assumptions. The sensitivity analysis covers a range of possibilities resulting from deviations from the base scenario. Assumptions related to WACC and the terminal EV/EBITDA multiple show that the fair price range is between $42 and $47 per share. This means that the target price range is just around the current market price of the stock (see Diagram 8).

Diagram 8

PayPal seems overvalued by all comparable ratios (see Diagram 9). The potential decline in the P/E ratio is around 50%, in the P/S ratio – nearly 30%, and in the P/B ratio – approximately 50%, relative to median market figures.

Diagram 9

Recommendation

PayPal’s valuation depends largely on the growth of average revenue per user around the world. The current above-average ratios confirm the market’s belief in the company’s top-line growth and yield little to no margin of safety at current price levels. The biggest risk for current investors is seeing revenue growth slowing down faster than expected. This possibility will inevitably lead to a large haircut to the company’s market value (remember LinkedIn). In our opinion, the risk is not justified by expected returns, which are already accounted for in the current share price.

We suggest the target price for PayPal’s stock to be around $44.5 and the fair price range to be between $42 and $47 per share. We recommend staying away from this stock at the moment and aim at an entry price point of around $40 per share.

About the Author:

Societe Financiers is an investment research team focused on long-term, long- and short-only ideas. Our research objective is to cover equities in various regions, such as North America, EMEA, Asia, Australia, and Emerging Markets.
Readers should consider whether any advice or recommendation in our research articles is suitable for their particular circumstances and, if appropriate, seek professional advice, including tax advice. The price and value of investments referred to in our research articles and the income from them may fluctuate. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments.

Certain transactions, including those involving futures, options, and other derivatives, give rise to substantial risk and are not suitable for all investors. Transaction costs may be significant in option strategies calling for multiple purchase and sales of options such as spreads.

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Chase Bank Coupons $150, $200, $300, $350 Bonus Promotions Checking & Savings

ChaseBank is well known for their Checking & Savings Coupons, Bonuses, and Promotions. Chase has many checking and savings products such as Total Checking, Premier Checking, and Plus Savings. Currently, we also have Chase Total Checking® and Chase SavingsSM bonuses or Chase Premier Plus CheckingSM bonus good through July 17, 2017! Enter your email and print out the code to take it to your local Chase branch. I would print now ASAP since Chase is known to take it down before the expiration date.

Chase Bank Gift Card

Chase Total Checking® Bonus Chase Premier Plus CheckingSM Bonus Chase SavingsSM Bonus
Learn More Learn More Learn More

Below, you’ll find the complete history of Chase Coupon Codes such as $100, $150, $175, $200, $250, $300, $400, $500, $600, and even $800 Bonus for Checking, Savings, Business, Total & Premier, etc. Currently, the $400, $500, $600, and $800 are not available.

Chase Total Checking® + Chase SavingsSM

  • Bonus Link: Chase Total Checking® + Chase SavingsSM
  • Account Type: Total Checking & Savings
  • Maximum Bonus: $350
  • Expiration: 07/17/2017
  • Availability: Nationwide
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $25 minimum opening deposit for the Chase Total Checking®
  • Credit Card Funding: Yes, up to $500 with a non-Chase credit card.
  • Direct Deposit Requirement: Yes
  • Monthly Service Fee: $12 for Chase Total Checking® and $5 for Chase SavingsSM (can both be waived).
    • Avoid the $12 Chase Total Checking® Monthly Service Fee by doing AT LEAST ONE of the following each statement period:
      • Option 1: Have monthly direct deposits totaling $500 or more made to this account; OR,
      • Option 2: Keep a minimum daily balance of $1,500 or more in your checking account; OR,
      • Option 3: Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances.
    •  Avoid the $5 Chase SavingsSM Monthly Service Fee by doing AT LEAST ONE of the following each statement period:
      • Option 1: Keep a minimum daily balance of $300 or more in your savings account; OR,
      • Option 2: Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account (available only through Chase OnlineSM Banking); OR,
      • Option 3: Have a linked Chase Premier Plus CheckingSM, Chase Premier Platinum CheckingSM, or Chase Private Client CheckingSM account.
  • Additional Requirements: There is a $25 minimum deposit to open Total checking. Then $10,000 deposit for Savings and keep it in the account for at least 90 days.
  • **Account Closing: If either the checking or savings account is closed within six months after opening, we will deduct the bonus amount for that account at closing.

How To Earn Chase Total Checking® Bonus:

  1. Open a new Chase Total Checking® Account and deposit $25 or more at account opening.
  2. Have a direct deposit made this account within 60 days of opening. There’s no specified minimum direct deposit amount with this offer.
  3. Once all requirements are met, you’ll get the bonus deposited within 10 business days.

How To Earn Chase SavingsSM Bonus:

  1. Open a new Chase SavingsSM Account and deposit a total of $10,000 or more in new money within 10 business days of opening. You must maintain at least a $10,000 balance for 90 days from the date of deposit to get your bonus.
  2. This new money cannot be funds held by Chase or its affiliates.
  3. Once all requirements are met, you’ll have the bonus money deposited within 10 business days.

Chase Ink Business PreferredSM Card is offering 80,000 bonus points after you spend $5,000 in the first 3 months from account opening. The 80K points redeemed for travel rewards equals $1,000 which is one of the largest bonuses offered from Chase for business cards! You’ll receive 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites and search engines. The card also gives 1 point per $1 on all other purchases. This card is one to have for business traveling since there is no foreign transaction fees!

If you have a side business such as selling on eBay, Craigslist, or do freelance work, then your business is called sole proprietorship. Simply use your name as business ID and Social Security number as tax ID.

Chase Premier Plus CheckingSM

  • Bonus Link: Chase Premier Plus CheckingSM
  • Account Type: Chase Premier Plus CheckingSM
  • Maximum Bonus: $300
  • Expiration: 07/17/2017
  • Availability: Nationwide
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $25 minimum opening deposit within 10 business days
  • Credit Card Funding: Yes, up to $500 with a non-Chase credit card.
  • Direct Deposit Requirement: Yes
  • Monthly Service Fee: $25 Monthly Fee can be waived.
    • You must do AT LEAST ONE of the following each statement period to avoid the Monthly Service Fee:
      • Option 1: Keep an average daily balance of $15,000 or more in any combination of qualifying Chase checking, savings and other balances; OR,
      • Option 2: Have automatic payments to your qualifying linked Chase mortgage from your Chase account.
  • **Account Closing: If either the checking or savings account is closed within six months after opening, we will deduct the bonus amount for that account at closing.

Earn Chase Premier Checking $300 Bonus:

  1. Open a new Chase Premier Plus CheckingSM Account and deposit $25 or more at account opening.
  2. Have a direct deposit made to this account within 60 days of account opening. There is no specified minimum direct deposit amount.
  3. After all requirements are met, you’ll receive the bonus deposited into your account within 10 business days.
  4. If this checking account is closed by either you or Chase within six months after opening, your bonus will be deducted at closing!
  • Chase Total Checking® Get a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. This offer is good through July 17, 2017. Make sure to enter your email to receive a Total Checking Coupon from Chase Bank to take it to your local Chase branch. With Chase Total Checking, you get access to over 16,000 Chase ATMs and 5,200 branches, free debit card, free online banking & bill pay, and mobile banking with their award winning Chase Mobile App. Chase QuickDepositSM lets you deposit checks almost anytime, anywhere with the ease of taking a picture.
  • Chase SavingsSM Get a $150 bonus when you open a new Chase Savings(SM) account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Chase SavingsSM, their most popular savings account, makes it easy to start saving with online banking and mobile banking tools. As a Chase Savings account holder, you’ll enjoy account alerts, automatic monthly transfers from checking to savings, online access to your accounts 24/7, use your savings account to help provide overdraft protection on your linked checking account for added peace of mind, and make transfers to your savings at any Chase ATM, online at chase.com, or even from your phone with Chase Mobile. Plus, 24-hour customer support is just a phone call away.

Chase Coupons via Direct Mailing & Credit Card Account:

Apparently, many people are receiving other Chase coupons through direct mailing or within their Chase credit card account. Depending on the zip code, Chase send out direct promotion flyers by mail. This includes, but not limited to, the Chase $500 Premier Checking Coupon, Chase $300 Premier Checking Coupon, Chase $200 Total Checking with NO Direct Deposit, Chase $175 Savings Coupon, Chase $150 Savings Coupon, and many more. If you are a Chase credit card customer, then most likely they would target you for being their Chase checking customer. You may find a direct link to apply within your Chase credit card account for one of these higher bonuses below.

  1. Chase $300 Checking & $200 Savings Coupon is a targeted offer received through mailer. Visit your Chase branch to open a Chase Total CheckingSM account with a $100 deposit, and set up direct deposit. Then open a Savings account with $15K deposit and keep it for 90 days. You’ll then receive $500 into your new Chase checking account within 10 business days after Chase receive your initial direct deposit and the $15K deposit. You get access to 15,500+ Chase ATMs and 5,300 branches, and 24/7 customer service. Available for new checking customers only.
  2. Chase $500 Business Checking Coupon is available online til September 13, 2016 but you be logged in a Chase account to see. I have personally experience receiving a Chase $500 business coupon after becoming a Chase Ink Cash® Business card holder. YMMV. In the past, Chase provides the targeted coupon to take to your local Chase Bank and open a Chase Business Checking account. Also, it doesn’t hurt to ask your local Chase bankers about getting a bonus when opening a business checking account.
  3. Chase $300 Business Checking Coupon is available only through the mail most likely targeted toward Chase Business Credit Card holders. YMMV.
  4. Chase $500 Premier Plus Checking Coupons (the $600 and $800 Chase coupon codes are no longer valid) is by far the biggest Chase checking deal I’ve seen in all my years of writing about Chase bonuses. Once you get the Chase Coupon Code, you visit your local Chase branch to open a Chase Premier Plus Checking account with a $100 deposit and set up direct deposit to trigger the $500 bonus. You’ll then receive $500 into your new Chase checking account within 10 business days after Chase receive your initial direct deposit. It’s most likely possible to open in conjunction with a $200 Chase Savings coupon to earn a grand total of $700 bonus.
    1. Chase Premier $500 Checking
    2. Chase Premier $500 Checking
  5. Get $500 for both Chase Total Checking and Savings as long as this is your first bonus for 2016 with Chase Bank. Currently, there are targeted Chase $500 Checking & Savings coupons through direct mailings valid until 7/18/2016. Chase sent these coupons combo out in certain markets. Those who want maximum bonus money from Chase, you should consider getting the Chase $300 Total Checking & Chase $200 Savings Combo.  To get the $300 Bonus, you must open a Total Checking account with direct deposit and deposit $100 with 10 days. The second $200 bonus is for opening a new Chase Savings account with $15,000 deposit or more within 10 days and maintain a $15,000 balance for 90 days.
  6. These Chase Bank’s $300 Total Checking & $150 Savings combo coupons offers up to $450 total in bonuses. Remember, there IS a direct deposit requirement for the Total Checking and $10K deposit requirement for the Savings account. You can use 1 or both of them at the same time, but code can only be redeemed ONCE. Open a Chase $200 Savings coupon separately and with your $300 total checking for a maximum $500 total Chase bonuses.
  7. Chase $350 Bonus Combo Coupons when you sign up for the $200 Total Checking and $150 Savings account. Receive one coupon code card to get up to $350 when you open a Chase checking & savings account.  In order to qualify for the promotion, you must not be a current Chase customer. The first $200 bonus is for new Chase Checking customers who open a Chase Total Checking account. Get another $150 bonus for opening a new Chase Savings account for depositing a total of $10,000 or more in new money within 10 business days and maintaining a $10,000 balance for 90 days.
  8. Chase Premier Plus CheckingSM $300 Coupon Bonus is available in-branch good through July 17, 2017. This is the highest Chase Premier Checking bonus with direct deposit you can get right now. With Chase Premier Checking, you get all of the benefits of Chase Total Checking—plus you earn interest on your balance, no fee for Chase design checks when ordered through Chase, no Chase fee on first four non-Chase ATM transactions, Chase Plus Savings with no Monthly Service Fee and higher interest rates, and Chase Liquid® Card(s) with no Monthly Service Fee.
  9. Chase $200 & $150 Coupon Bonus w/ NO Direct Deposit have been available in the past whereas you can open a Chase checking bonus without a direct deposit requirement. I’ve seen it lately in the $400 coupon combo whereas the Chase $200 checking doesn’t require a direct deposit. Once you have the unique coupon code without direct deposit requirement, you can redeem at any Chase branch.
  10. Chase $300 Plus Savings Coupon come with a minimum opening deposit of $25,000 and maintain a balance of at least $25,000 for 90 days. Chase Plus Savings has no Monthly Service Fee when you do at least one of the following: Option 1 have a linked Chase Premier Plus Checking or Chase Premier Platinum Checking account Or Option 2 Keep the daily balance in your account at or above $15,000. Otherwise a $20 Monthly Service Fee will apply. If your savings account is closed within six months, Chase will deduct the bonus amount at closing.
  11. Chase $200 Savings Coupon has a high opening deposit requirement of $15K or more. Currently, there are targeted Chase $200 Savings coupons. However, you only have to keep the $15,000 in your account for 90 days in order to qualify. After the 90 days, the $200 bonus will be deposited into your account within 10 business days. However, you do need a higher deposit of $15,000 instead of the $10,000 deposit requirement.
  12. Chase $175 Savings Coupon is almost a must to go along with your Chase Checking Bonus if you have enough for the opening deposit requirement(usually at least $15K in new money). Main difference is the $15K balance DO NOT need to be in your account for 90 days in order to get the bonus.

All States Chase Bank Branches:

Depending on where you live, Chase has different product offerings and features for checking and savings accounts especially with their mailing promotions. Below is the list of States where Chase branches are present(Chase Branch Locator):

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Idaho
  • Indiana
  • Illinois
  • Kentucky
  • Louisiana
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Texas
  • Utah
  • Washington
  • West Virginia
  • Wisconsin

Chase Total Checking® Account Features:

  • Chase Debit Card with built-in security
  • FREE access to 16,000 Chase ATMs nationwide
  • FREE Online Banking & Online Bill Pay
  • FREE Text and Email Alerts
  • 24/7 access with Chase Mobile® on your phone

How To Waive Chase Total Checking® Monthly Fees: Chase Total Checking has no monthly Service Fee when you do one of the following each statement period($12 monthly service fee for all states):

  • Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR,
  • Option #2: Keep the daily balance in your checking account at or above $1,500; OR,
  • Option #3: Keep an average balance of $5,000 or more in your checking and other types of qualifying Chase accounts.

I remember that the first statement/month does not incur monthly service charge. Even by the second month, you could call them to waive the monthly fee.

Bonus Terms & Conditions: Make sure to open your Chase total checking using a valid coupon code along with a minimum $100 deposit. The cash bonus will show up within 10 business days. The account must be left open for a minimum of 6 months or the bonus will be debited from the account upon account closing. Bonus will be considered interest and will be reported to the IRS via IRS Form 1099-INT. High School Checking, College Checking, Chase Access Checking, and New Jersey Consumer Checking Accounts are not eligible.

Tips on Getting Exclusive Chase Coupons: There are a few ways to get them freely at no cost! These methods are Your Mileage May Vary(YMMV)

    1. Chase Bank send savings account bonus & Chase $300 or $500 for new credit card customers by email or postal mail. Keep an eye for them in the mail or ask your neighbors too.
    2. Visit your local Chase Bank and ask the Chase bankers directly either the $200 no direct deposit checking coupon or $150 savings coupon. I have heard to success stories with this method.
    3. Stop by your local USPS and ask for the Mover’s Guide Packet. Inside the packet, you will find a Chase coupon that may be $200 no direct deposit one.
    4. Use a Debit Card from a different bank at a Chase ATM machine. The ATM machine will spit out a Chase Coupon receipt that may be up to $200 bonus with no direct deposit.
    5. Sign up for a Chase Ink Plus® Business Card($750 bonus toward travel) and Chase may send you a $200 business coupon to open your business checking. I have personally received the $200 business coupon through this method.

Examples of Direct Deposit:

  • Any ACH deposit totaling $500 or more for the statement period.
  • Automatic deposit of Payroll – To request direct deposit of your payroll check, print the Direct Deposit Form (PDF); then complete the form and give it to your employer’s payroll department.
  • Pension
  • Social Security
  • Other government benefits
  • ACH push from an account at a different bank, e.g. M&T Bank
  • ACH push from brokerage firm, e.g. TD Ameritrade
  • Digital payment service, e.g. Serve

Chase Credit Card Bonuses With Your Checking:

Those who with a Chase Credit Card (Freedom, Sapphire, Ink Cash Business, MileagePlus Explorer, British Airways, Southwest Airlines, etc) along with an active Chase checking account, you may be get some exclusive benefits for having a Chase credit card.

About Author:

Anthony Nguyen, founder of HustlerMoneyBlog.com, has a passion for finding the best deals, bank promotions, credit card offers, cash back, points & miles, and everything in between.

Posted on

Fear And Greed Explorations: A Bull Cycle In Silver?

Summary

  • Author:Vincent Tizono
  • The purpose of the weekly Fear and Greed series is to analyze the health of the current trend in silver and to identify possible signs of a reversal.
  • This article explores the latest COT report and various technicals in order to determine the prevailing sentiment and if it’s weakening or strengthening.
  • Lastly, I provide an overview of recent developments concerning the silver market.

Silver Scoreboard: 5 Day = 3.05%, 1 Month = -2.03%, 3 Month = 12.40%, YTD = 12.74%, 1 Year = 17.30%

Overview

For the past week, I have read countless articles which point out that silver is looking “fantastic.” It seems to me that precious metal speculators are looking for gold to go to $1,300 an oz, so they are looking at silver as a levered play on that. Phil Streible, senior market strategist for RJO Futures, is looking for a move to the 20 level if silver can show “resilience.” The silver trade is fairly crowded and there has been some nice appreciation as of late, so I could see people heading for the exits if the $17 level doesn’t hold.

Over the last 5 years, silver has lost around 40% of its value, and over the last 9 months, we have seen a descending channel of lower highs and lower lows. However, people are starting to believe that silver and gold are setting up for a bullish cycle. We are currently at the top of the descending channel and a breakout to the upside will likely bring about increased buying pressure. I think the situation has evolved to a place, given the technicals and sentiment, where we either get a classic fake out and head lower or we start a true bull cycle.

The COT Report

I think COT reports are much more useful when put into a historical context. Thus, I want to see how bullish or bearish the most recent reports are relative to the most bullish and bearish positioning over the preceding 5 years. A reading of 100 would represent a given group being more bullish than they have ever been over the past 5 years and a reading of 0 would mean that their current position is more bearish than they have ever been over the past 5 years. The most powerful readings, as far as predictive power, come when there are extreme readings and/or divergence.

There is some really interesting action occurring in the silver futures market. Commercial producers’/users’ positioning is currently in the 13th percentile. Commercial producers/users are essentially saying that the current prices are expensive. Producers are looking to hedge at the current levels because they want to offload as much as they can at the current prices and users are not looking to lock in their inventory needs because they think prices will go lower.

Speculators’ positioning is in the 88th percentile, which implies a high level of bullishness. The majority of speculators that would go long on silver are likely already long. Overall, the analysis suggests that silver is heading lower.

((The chart is of a 1-year time frame) – Tenkan-sen = yellow, Kijun-Sen = blue, Span A = yellow, Span B = blue, Chikou span = grey)

All three factors that I look for in a bullish move are in place for SLV (NYSEARCA:SLV) to push higher. Firstly, the Tenkan-sen, the fast moving average, is above the Kijun-Sen, which is the slow moving average. This bullish crossover just recently occurred. Secondly, the price action is occurring above the Kumo, which is the green cloud area. Lastly, the Chikou Span, the grey lagging indicator, is positioned in a manner that is confirming the bullish trend. Overall, the Ichimoku cloud analysis suggests silver is heading higher.

Support/Resistance

Next level of major resistance – 17.32

Major support – 16.63

Minor support – 16.77

Moving Averages

((The chart is of a 1-year time frame) – moving averages: red = 5 days, orange = 9 days, yellow = 13 days, green = 20 days, blue = 50 days, purple = 125 days, grey = 200 days)

The chart depicts the bulls in full control with the current price being above all 7 of the critical moving averages. The SLV gapped up hard on Monday, and now we need to see if it will respect the 200-day moving average or at least consolidate around the 200-day moving average. If not, then it will likely back fill. Back testing shows that the 85% of gaps, or more depending upon the universe of securities scanned, are eventually filled.

5-day moving average support: 16.89

9-day moving average support: 16.71

13-day moving average support: 16.54

20-day moving average support: 16.6

50-day moving average support: 16.66

125-day moving average support: 16.43

200-day moving average support: 17.12

MACD & RSI Provided For Further Context

MACD: The signal line is above the base line and both lines are above zero, which is very bullish.

RSI: A reading of 64 suggests that the SLV is fairly overbought, but overbought readings will always be seen during robust moves to the upside.

The Bottom Line

To summarize, the COT analysis suggests that silver is heading lower, but there is a caveat. The current readings demonstrate extreme divergence, but the only readings that have seemingly flawless predictive power are when one group is in the 5th percentile or lower and when the other group is in the 95th percentile or higher. All forms of technical analysis are very bullish, but we are at a critical level and the current move looks overextended. I will not be opening a position because the COT report gives me serious pause and we are quite possibly at a point of reversal.

An examination of the WTI crude futures market before the latest breakdown illustrates how effective this particular form of COT report analysis can be. Everybody was saying that $60 a barrel was right around the corner when crude was around $54 a barrel. The setup looked bullish, but crude has since gone on to lose over 10%. Right before the breakdown, commercial producers’/users’ positioning was in 9th percentile and speculators’ positioning was in the 98th percentile.

I will be keeping a close eye on the gold market as another way of confirming if we are in fact beginning a new cycle because gold often leads silver. The current 10 period, 20 period, and 50 period correlations of the SLV to the GLD are all above +.8.

There are some mixed signals, so what does it all mean? Well, I’m looking to see if SLV can hold the 200-day moving average. I want to see more price action. I think we may be starting a bull cycle, but I need confirmation. There is absolutely no need to rush into SLV. If we really are starting a bull cycle then there will be plenty of upside to be had. I would always rather lower my risk and just catch the meat of the move than be bold and lose money. People associate great speculation with making bold calls, but I’m not a fan of making bold calls when it comes to commodities. I’m not trying to be first, but rather just early.

Author’s note: To get more investment ideas like this as soon as they are published, click on my profile and hit the big orange “Follow” button and choose the real-time alerts option. I write about various topics, but I have a particular passion for biotech equities and gold.

My latest activities: I will be posting brief notes on my Instablog when I see interesting speculations (swing trades and day trades). I’m doing this because big winners often develop so fast that I can’t write and publish a detailed article in time for readers to be able to capitalize. For example, my last day trade centered post detailed why you should consider buying Protalix BioTherapeutics (NASDAQ: PLX) and the next day it ran over 20% and in the same post I said that Catabasis Pharmaceuticals (NASDAQ: CATB) was a gap fill candidate and the next day it went up over 60%. I enjoy the community on Seeking Alpha and I’m excited to continue to help people build their brokerage accounts. Thanks for reading and good luck.

Disclosure:I/we have no positions in any stocks mentioned, but may initiate a long position in SLV over the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

From – seekingalpha.com

Posted on

Fear And Greed Explorations: GLD Has Reached A Critical Inflection Point

Summary

  • Author:Vincent Tizono
  • The purpose of the weekly Fear and Greed series is to analyze the health of the current gold trend and to identify possible signs of a reversal.
  • This article explores the latest COT report and various technicals in order to determine the prevailing sentiment and if it’s weakening or strengthening.
  • I provide an overview of recent events which are impacting gold.

Overview

Trump’s, or however you want to spin it, failure to deliver a health care bill that could pass in the House of Representatives has dampened the view that the Trump Administration will be able to deliver on Trump’s agenda. This is of course a big deal because the market is a discounting mechanism and it has eagerly priced in fiscal and regulatory policy measures, which Trump has promised. You may say to yourself, “I don’t think a failed attempt at healthcare reform means that various other legislative measures will necessarily fail”. Well, let’s take a look at two of the biggest items on the Trump agenda. Tax reform is perhaps the single hardest thing to tackle, besides entitlement reform. There are huge entrenched interests on both sides of the isle and a uniformed front of republican support is absolutely vital, but the party appears to be fractured as of late. Also, infrastructure seems less likely now because of factions like the Freedom Caucus. Factions like the Freedom Caucus and other budget hawks will likely see the much talked about “trillion dollar infrastructure bill” as unnecessary spending that will contribute to increasing the country’s deficit and ever ballooning debt. Originally, some political insiders saw the more conservative wing of the Republican Party going along with Trump due to Trump’s popularity in states and districts which these Congress members hail from, but it now looks like these individuals are not worried about the possible backlash. Perhaps the market took for granted that Trump would naturally be able to deliver on his promises because of the Republican majority that exists in both the House and the Senate.

The failed health care bill calls into question the promise of robust fiscal and regulatory policy being feasible. The markets began to price in political risk as it became increasingly clearer that the health care bill was going nowhere. The bill was seen as dead on arrival since March 20th, so you need to look at how markets have behaved since then and not just on Friday when Paul Ryan made his announcement. Firstly, the Dollar Index has continued its decline from the highs of December 20, 2016 and is now at 99.166. The DXY, Dollar Index, has lost 1.23% since the 20th. The US dollar weakened against both the Euro and the Yen all last week. Furthermore, the S&P 500 (NYSEARCA: SPY) has lost 1.33% since last Monday. The leaders of the “Trump trade”, also referred to as the “reflation trade”, led the move lower. Banks, transportation, retailers, and small caps were all hit the hardest. The main beneficiaries of the latest rotation has been gold and treasuries. Thus, anybody interested in gold should be monitoring the perceived effectiveness of the Trump Administration. Gold will become the preferred risk off asset, over the US dollar, as hopes of fiscal and regulatory legislation falters.

The stock market rally has largely relied upon the narrative that real structural change to the US economy is coming in the form of: tax reform, infrastructure legislation, increasing the allocation of funds directed towards national defense, financial reform, a health care bill that reduces the role of the government, etc. The market has priced in so much of the future that the rally is vulnerable. Markets often don’t fight toward price equilibrium, like we were taught in college, but rather equity prices often tend to act more like they do in an auction house. This means that one move begets another. This causes overshoots to both the upside and the downside. Trump needs to start delivering at some point or else the ever present optimism will change and the markets will head lower.

I don’t see the “Trump trade” falling apart given where we are currently, but it should be monitored closely by those who speculate in gold. If fiscal and regulatory policy coming to fruition starts to look more and more bleak then future cash flows of equities will get discounted more, which will mean that the indices will head lower. The US indices certainly appear overvalued on nearly all metrics and volatility has been scarce, so this could be a real catalyst for US markets to head lower. Gold would be the preferred destination for those fleeing for safety.

The COT Report

I think COT reports are much more useful when put into a historical context. Thus, I want to see how bullish or bearish the most recent reports are relative to the most bullish and bearish positioning over the preceding 5 years. A reading of 100 would represent a given group being more bullish than they have ever been over the past 5 years and a reading of 0 would mean that their current position is more bearish than they have ever been over the past 5 years. The prior report had both commercial producers and users in the 52nd percentile and speculators in the 41st percentile. The latest reading has commercial producers and users in the 47th percentile and speculators in the 45th percentile. These are middle of the road readings so they are not highly useful. Essentially, both commercial producers/users and speculators are saying that gold is neither particular cheap nor expensive. However, as I articulated last week, we need to remain vigilant of these numbers due to their predictive power when extreme readings and/or divergence of the two groups takes places. Extreme readings and divergence was witnessed in WTI crude oil futures right before the pullback below $50 a barrel occurred.

Ichimoku Cloud analysis

(The chart is of a 1 year time frame)-Tenkan-sen= yellow, Kijun-Sen= blue, Span A= yellow, Span B= blue, Chikou span=grey)

The GLD (NYSEARCA: GLD) has performed well with the confluence of the dollar/gold trade unwinding due to the latest rate hike and due to the risk off sentiment caused by health care reform failing. Overall, I see two out of three things I look for lining up. Firstly, the trend is bullish with the price above the Kumo. The Kumo is the green cloud area on the chart shown above. Also, the Chikou Span, which is the grey lagging indicator, is confirming the trend with it being both above previous prices and it’s outside of the cloud. The only thing that isn’t perfect has to do with the relationship between the Tenkan-sen, the fast moving average, and the Kijun-Sen which is the slow moving average. However, a bullish cross is imminent given the fact that the Tenkan-sen is just about to cross over. The Ichimoku cloud analysis is implying that we head higher. The only concern I have is knowing that much of the appreciation from last week was due to a risk off sentiment and that sentiment should start to fade, so gold could see some pressure in the week ahead as people move back to a more risk on sentiment.

Support/Resistance

Next level of major resistance- 120

Major support- 116.29

Minor support- 117.12

Moving Averages

((The chart is of a 1 year time frame) –moving averages: red= 5 days, orange= 9 days, yellow= 13 days, green= 20 days, blue= 50 days, purple= 125 days, grey= 200 days)

We have reached a critical inflection point the GLD closing in on that all important 200 day moving average, which is at 120.25. The chart depicts the bulls in control with the current price being above 6 of 7 critical moving averages. When it comes to the GLD, historically speaking, the 125 day moving average is short enough for you to get an early entry into prolonged moves to the upside yet is not so short that you get a lot of false positive entry signals. This analysis is used as a check on my Ichimoku analysis because it provides further context and sometimes I find contradictions. I find that both forms of analysis are painting the same bullish picture.

5 day moving average support: 118.89

9 day moving average support: 118

13 day moving average support: 116.92

20 day moving average support: 114.96

50 day moving average support: 112.24

125 day moving average support: 116.4

MACD & RSI Provided for Further Context

MACD: Looks very bullish with the signal line above the base line and both lines are above zero.

RSI: Is currently at 65.83, which means that the current move is fairly overbought. However, overbought reading are seen during prolonged uptrends.

The Bottom Line

Overall, the technical setup looks just about perfect. However, we are approaching the critical 200 day moving average and I want to see what happens. I don’t mind paying an extra buck per share in order to see if the uptrend has a real shot at going back to the 124 level, which would be the next major point of resistance. We very well could be setting up for a reversal at the 200 day moving average, which I think is a possibility given how last week played out. However, I think continuation to the upside is more likely. I’m looking for both an open and a close above the 200 day moving average. At that point I will get long the GLD and will utilize a stop loss that is 1.5% under the 200 day moving average in order to define my risk.

Author’s note: To get more investment ideas like this as soon as they are published, click on my profile and hit the big orange “Follow” button and choose the real-time alerts option. I write about various topics, but I have a particular passion for biotech equities and gold.

My latest activities: I will be posting brief notes on my Instablog when I see interesting speculations. I’m doing this because big winners often develop so fast that I can’t write and publish a detailed article in time for readers to be able to capitalize. For example, my last post detailed why you should consider buying Protalix BioTherapeutics (NASDAQ: PLX) and the next day it ran over 20% and in the same post I said that Catabasis Pharmaceuticals (NASDAQ: CATB) was a gap fill candidate and the next day it went up over 60%. I enjoy the community on Seeking Alpha and I’m excited to continue to help people build their brokerage accounts. Thanks for reading and good luck.

Disclosure:I/we have no positions in any stocks mentioned, but may initiate a long position in GLD over the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

From – https://seekingalpha.com/

Posted on

Breaking News:Horizons Medical Marijuana Life Sciences ETF Gets the Green Light

Cannabis is going mainstream…

Starting next week, investors will be able to invest in a cannabis ETF after Horizons ETFs Management announced plans to launch the Horizons Medical Marijuana Life Sciences ETF(HMMJ).

The Toronto Stock Exchange (TSX) has conditionally approved the units to be listed and traded on April 5th under the ticker symbol HMMJ. The initial unit offering of units will close after the market closes on April 4th.

HMMJ will be the first ETF to offer direct exposure to North American-listed stocks levered to the medical cannabis bioengineering and production. HMMJ is an index (or passively managed) ETF, designed to provide exposure to a basket of North American publicly traded companies with significant business activities in the cannabis industry.

Levered to the World’s Fastest Growing Industry

Horizons ETFs and its affiliate AlphaPro Management are financial services companies offering the Horizons ETFs family of ETFs. The Horizons fund family includes a broadly diversified range of investment tools with solutions for investors. Horizons ETFs has more than $7 billion of assets under management.

The Medical Marijuana Life Sciences ETF is designed to be a liquid and investable index of publicly listed life sciences companies and other firms focused on the cannabis industry. The index selects from a universe of publicly-listed North American companies that have operations that may include one or more of the following: biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses to the cannabis industry.

The index only includes stocks that meet minimum asset and liquidity thresholds. The index is rebalanced quarterly on a market-capitalization basis and capped so that no single stock can exceed 10% of the portfolio’s weight when rebalanced.

A Solution to Satisfy Investor Demand

Horizons ETFs President and Co-CEO Steve Hawkins said, “The medical marijuana industry is rapidly growing in North America as legislators allow or consider allowing more legal uses of marijuana and marijuana-related products, particularly medical marijuana usage. HMMJ is a way for investors to directly access the medical marijuana and life sciences industry through a transparent, low-cost ETF that holds a diversified basket of companies.”

Hawkins added, “Given the recent high returns generated by medical marijuana companies, investors are clearly attracted to the industry. We feel that the methodology of the North American Medical Marijuana Index will maximize the risk/reward opportunity for investors by ensuring the companies in the Index meet important liquidity and asset requirements, so that the stocks in the Index are the leaders in the Medical Marijuana industry.”

An Expected Outcome

The global cannabis industry is the fastest growing industry in the world and Canada has been the country leading this charge. This announcement is not surprising especially since it comes after the Liberal government provided clarity around the opening of a recreational cannabis market.

Although this seems like an attractive opportunity due to the lower risk associated with ETFs, investors should conduct due diligence into the companies listed in this fund before investing.

The index is up 146.3% over the past year as an increasing number of states in the US legalize the possession and distribution of marijuana for medical purposes. Legal marijuana sales are projected to reach $20.6 billion by 2020, with a compound annual growth rate of 29%, according to Arcview Market Research, a San Francisco-based cannabis research firm.

FROM https://technical420.com

Posted on

Pan American Silver Corp. 2017

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday. The firm presently has a $22.00 price target on the stock, up from their prior price target of $17.20. Royal Bank of Canada’s price objective indicates a potential upside of 25.86% from the company’s current price.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Pan American Silver Corp. from a “c” rating to a “b-” rating in a report on Friday, February 24th. Bank of America Corp upgraded shares of Pan American Silver Corp. from an “underperform” rating to a “buy” rating in a report on Tuesday, November 22nd. Vetr upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $19.34 price objective for the company in a report on Monday, January 30th. TD Securities upgraded shares of Pan American Silver Corp. to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, January 16th. Finally, Canaccord Genuity cut shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $17.00 in a report on Monday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Pan American Silver Corp. presently has an average rating of “Buy” and a consensus target price of $20.65.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 2.83% on Tuesday, reaching $17.48. 1,894,927 shares of the company were exchanged. The firm has a market capitalization of $2.66 billion, a PE ratio of 26.57 and a beta of 0.55. Pan American Silver Corp. has a 12-month low of $10.32 and a 12-month high of $21.59. The company’s 50 day moving average is $18.34 and its 200 day moving average is $17.24.

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were given a dividend of $0.025 per share. This is a positive change from Pan American Silver Corp.’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 23rd. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently -13.51%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Pan American Silver Corp. during the fourth quarter worth $13,710,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Pan American Silver Corp. during the fourth quarter worth $5,095,000. Ladenburg Thalmann Financial Services Inc. raised its position in Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the company’s stock worth $167,000 after buying an additional 1,167 shares during the last quarter. AQR Capital Management LLC raised its position in Pan American Silver Corp. by 46.1% in the fourth quarter. AQR Capital Management LLC now owns 241,671 shares of the company’s stock worth $3,649,000 after buying an additional 76,272 shares during the last quarter. Finally, Ellington Management Group LLC raised its position in Pan American Silver Corp. by 23.4% in the fourth quarter. Ellington Management Group LLC now owns 13,200 shares of the company’s stock worth $199,000 after buying an additional 2,500 shares during the last quarter. 46.26% of the stock is currently owned by institutional investors.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

Posted on

Gold – Looking At A Massive Breakout

Summary

  • Author:Nikhil Gupta
  • Gold closes above the 30-day SMA and sustains higher.
  • The SPDR Gold Trust ETF follows suit.
  • Both are expected to cross their strong overhead resistances in the near-term.

Escape Velocity is a term which refers to the minimum speed that an object needs to break free from the Earth’s (or any other planet’s) gravitational pull and escape without further propulsion. I am expecting a similar scenario in gold and GLD. What could be the trigger? Two things immediately come to mind: A near-term breakdown in the U.S. dollar or fear returning to the broader markets.

On March 16, I had submitted an article titled Gold – This Opportunity Will Pass Sooner Than You Think in which I had commented that investors should get into gold since the precious metal could cross the overhead resistances pretty soon. As for the SPDR Gold Trust ETF GLD, I expect it to surpass $120 by next week.

The daily GLD price chart below indicates that the ETF is steadily crossing the technical hurdles with consistent buying interest. A couple of sessions ago, the ETF closed above the 30-day SMA of $117.19 after taking out the 50-day SMA following the Fed rate hike. Very quickly, GLD has not only crossed two important SMAs but is also sustaining above the 23.6 percent Fibonacci retracement of $117.20. I believe that bulls will find no trouble in crossing the recent peak of $120.40, which coincides with the 200-day SMA of $120.27. Sustenance above the 200-day SMA will bolster the ETF to break out from its medium-term downtrend.

GLD is witnessing strong buying interest with help from an equally strong recovery in gold prices. The daily gold futures price chart clearly tells that the precious metal has witnessed five consecutive positive sessions as momentum shifted in the favor of buyers. Similar to GLD, the precious metal is also sustaining above the 30-day and the 50-day SMAs and is about to test the 200-day SMA at $1262.72. At the time of writing this article, gold is repeatedly attempting to remove the bears at the psychological level of $1250.

Article from – http://seekingalpha.com