Tuesday, October 7, 2014

3 Reasons to Buy Brookfield Asset Management Inc.: (TSX: BAM.A)(NYSE: BAM)

Brookfield Asset Management Inc. (TSX: BAM.A)(NYSE: BAM) is a management company based in Toronto that operates a portfolio of assets around the world. The company takes investor money, buys up companies, and then further grows the business.
For example, one of Brookfield’s companies, Brookfield Property Partners L.P. (TSX: BPY.UN)(NYSE: BPY) recently bid $110 for the Atlantic City casino and hotel, Revel. And it won the bid.
That’s just one of the many companies that Brookfield owns. And that’s what makes it such a fantastic buy.
1. Brookfield is very diversified
Brookfield has over $175 billion under management. And that’s in sectors such as renewable energy, construction, and property ownership. It owns massive acreage of timberlands and operates the entire paper production process.
What this means is that it is tremendously diversified. If the casino business were to suffer, a casino holding company would be hurt. But Brookfield could handle those struggles because it is also in many other companies. (more)

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Marc Faber: The Future For Gold

We have some exciting news... Porter and Aaron are finally once again in the studio together...
Very soon, Porter will be speaking at the New Orleans 2014 Investment Conference. And today he reveals some topics that he wants to address with who he refers to as "the ultimate scumbag"...
Porter also shares his predictions on oil prices and why he says a particular energy company will be "completely destroyed."
Then their guest this week, Marc Faber, publisher of the Gloom Boom & Doom Report newsletter, joins Stansberry Radio to talk about the markets and what trends investors should be paying attention to.
Find out why he says we are approaching a temporary low in gold.
And if Marc had to choose between the U.S and emerging economies, which one would he pick?
You won't want to miss his explanation...(more)
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Marin Katusa: Shale Oil Boom is Here to Stay

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Micron Technology, Inc. (NASDAQ: MU)

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. It offers dynamic random access memory (DRAM) products for data storage and retrieval, including DDR4, DDR3, and DDR2 that offer high speed and high bandwidth; and other specialty DRAM memory products, such as DDR and DDR2 mobile low power DRAM, DDR, SDRAM, reduced latency DRAM, and pseudo-static DRAM products that are used in computers, servers, tablets, mobile phones, communication equipment, computer peripherals, industrial, automotive, and other electronic devices.
Take a look at the 1-year chart of Micron (Nasdaq: MU) below with added notations:
1-year chart of Micron (Nasdaq: MU)
MU has been trading sideways for the last 4 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. MU’s rectangle pattern has formed a $35 resistance (green) and a $30 support (blue). A break above $35 would also be a new 52-week high.

The Tale of the Tape: MU is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $30, or on a breakout above $35. The ideal short opportunity would be on a break below $30.
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Louise Yamada: Cyclical Correction Likely in Stocks – New Bull Market Beginning for the Dollar

Also, Ryan Puplava, Erik Townsend and Rob Bernard
by James J Puplava CFP
Financial Sense

Jim welcomes back Louise Yamada CMT, Managing Director of Louise Yamada Technical Research Advisors. Louise believes that recent market weakness may be the start of a cyclical market correction of 10% or so. She notes the recent deterioration of a number of indicators. As to bonds, she believes the long bond has seen its low in rates, but the transition to higher rates can take a number of years. Louise also believes the dollar may be beginning a new structural bull market. Conversely, she believes the gold bull is over for now and she expects a longer-term consolidation in oil, with important support at $90 a barrel. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, Erik Townsend covers commodities, and Rob Bernard has the Fixed Income Report.
Click Here to Listen to the Audio
Continue Reading at FinancialSense.com…
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What Bubble? Record $924 Billion In 65 Million Auto Loans: 31% Of All New Loans Are Subprime

from Zero Hedge

And now for something funny.
Earlier today, credit agency Equifax piggybacked on Experian’s auto loan data, and reported the following:
  • The total balance of auto loans outstanding in August is $924.2 billion, an all-time high and an increase of 10.8% from same time a year ago
  • The total number of auto loans outstanding stands at more than 65 million, a record high and an increase of more than 6% from the same time last year;
  • The total number of new loans originated through June is 12.5 million, an increase of 4.9% from same time a year ago
Continue Reading at ZeroHedge.com…
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