Japanese Market to Lose 10%?; Mortgage Applications up at the End of August; LinkedIn’s Secondary Offering Seeking $1 Billion

Eagle Eye Opener

Japanese Market to Lose 10%? (Bloomberg)

Despite all of the positive notes struck by Japanese Prime Minister Shinzo Abe’s economic reforms, nearly two-thirds of economists polled by Bloomberg fear that the country’s stock market could crater, should Abe not follow through on proposed tax hikes next April. JPMorgan Chase & Co. Senior Economist Masamichi Adachi said a delay “could push stocks down 10 percent, wiping out $418 billion in market cap. If you’re invested in Japan or Japanese companies, your wealth depends on Abe making the right call… but that’s what he’s done since taking office.

Mortgage Applications up at the End of August (Reuters)

For the first time in four weeks, applications for home loans in the United States picked up steam, according to the Mortgage Bankers Association. It’s seasonally adjusted index of application activity — which includes both refinancing and home purchase demand — rose 1.3 percent in August. With interest rates on 30-year mortgages at 4.8 percent prior to that — their highest level this year — it’s not hard to see why fewer applications had been made. However, mortgage companies reduced the rate back down to 4.73 percent, and “presto,” more applications. With the fickle nature of the nation’s home buyers, if you’re an investor in home builders or related companies, monitor rates as an important indicator of future performance.

LinkedIn’s Secondary Offering Seeking $1 Billion (FinancialTimes)

Two years after its initial public offering (IPO), LinkedIn will have a secondary offering of $1 billion in stock. The social media star is looking for funding to “increase its financial flexibility and fuel expansion, including potential acquisitions,” according to the Financial Times. With the company holding more than $870 million in cash at the end of June, this move prompts speculation that the company is on the prowl for takeover candidates, in addition to its recent acquisitions of Pulse (mobile newsreader) and SlideShare (online presentation site). Shareholders in LinkedIn have already seen their investment double since the IPO, and this could be more icing on a pretty well-frosted cake.

Exclusive  Investors Try to Satisfy Their “Yen” for Safety
Tags:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Reports from around the world looked good: Chinese, US, and European manufacturing are all on the upswing in August. The S&P 500 closed today on a gain of 0.4 percent.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE