VerifoneZach Karabell recommends Verifone as a company that's in the thick of a sea change.
“The whole trend of mobile payment will be the most significant trend of how consumers transact most things in their lives,” he says.
“And Verifone will be the center of all of it.”
Short 10-Year BondsDennis Gartman suggests shorting 10-Year Treasurys on the belief that the US economy is recovering on its own, and as a result, Fed intervention is less likely.Looking at the Fed’s latest stimulus, Gartman says, “Operation Twist has run its course.” (Operation Twist refers to the Fed’s program of selling short term bonds and buying 10-year notes.)With the Fed stepping back taking demand out of the bond market, “I wouldn’t be surprised to see the yield on the long-end go higher. It’s a good time to get short bonds,” he says.
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