It’s another up-and-down day as investors try to weigh what seems to be a strong U.S. economy and weakening global economy. This of course, makes it tough to bid up stocks to new highs, but at the same time, it’s hard to sell U.S. equities when it’s the best house in the neighb
This week, Delta Air Lines (DAL) announced plans to expand in Boston, perhaps doing to JetBlue Airways (JBLU) what it did to Alaska Air (ALK) in Seattle. Wolfe Research’s Hunter Keay and Matt Morris consider the implications:
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On Monday,Delta issued a lengthy press release detailing its desire to grow in Boston. The release didnt emphasize the growth....More>>>
One of the arguments against the current bull market is that the S&P 500 hasn’t suffered a bear market in seven years, so one must be overdue. MKM’s Jonathan Krinsky argues the maker has been experiencing a series of “rolling bear” markets. He explains:
In 1995′s “The Usual Suspects,” Kevin Spacey’s character had....More>>>
Goldman Sachs analyst Noah Poponak and team like the defense sector but have some concerns about Lockheed Martin (LMT), particularly its valuation. They explain:
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We continue to hold an Attractive sector view on Defense, where Lockheed is the bellwether and owns one of the Pentagons fastest growing programs in the F-35. However, the remainder of the portfolio....More>>>
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After last week’s primary victories in California, New Jersey and New Mexico, Hillary Clinton has all but clinched a history-making presidential nomination from a major political party when Democrats convene next month.
On a smaller scale, Clinton’s journey from her first widely known role as First Lady 20 years ago to seeking the Oval Office....More>>>
Yesterday, shares of Monro Muffler Brake (MNRO) plunged 3.1% after Barron’s Leslie Norton panned the stock in this weekend’s issue of the magazine. And wouldn’t you know it? Monro’s shares are skidding lower once again today.
Norton’s argument was straightforward:
At a recent $62, Rochester, N.Y.based Monro (ticker:....More>>>
Biotech stocks have climbed steadily higher over the past few weeks. Still, the iShares Nasdaq Biotechnology ETF (IBB) has remained range bound between $240 and $290 for much of 2016.
So with major stock indices hitting new record highs, can biotech stocks break free? Perhaps, says Michael Yee, the industry analyst for RBC Capital Markets. But first, the market wants the political rhetoric....More>>>
Shares of Terex (TEX) had surged 32% as of the close of trading last Thursday–but dropped 14% the next day after China’s Zoomlion announced that it wouldn’t be pursuing a purchase of the U.S. crane maker after all. In the aftermath of the scuttled deal, Morgan Stanley’s Mili Pothiwala and Nigel Coe cut Terex to Equal Weight from Overweight:
UBS analyst Michael Lasser and team ask when the acquisition of Jet.com will be profitable for Wal-Mart Stores (WMT):
To size the impact to Wal-Marts P&L, we assume Jet achieves $1b in GMV over the next 12 mos & its 3P commissions are ~10%. This implies ~$400m in rev. Also, we est. a gross margin of 20% (assuming a ~10% GM on 1P & ~75% on 3P). News....More>>>
Yesterday, JPMorgan Chase (JPM) announced that it had added Wal-Mart Stores (WMT) to the list of companies that will now use ChaseNet. KBW’s Brian Kleinhanzl and Michael Brown consider the implications:
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Chase announced that the company will process payments for Wal-Mart on the companys closed-loop network, ChaseNet. We would expect the....More>>>
A guy walks into a financial adviser’s office and says, “I’ve saved $250,000 and I’d like to retire next week and generate $100,000 a year from my portfolio for the rest of my life. Oh, and I want to buy a $50,000 boat.”
See Also: 8 Things No One Tells You About Retirement
Without missing a beat, the adviser replies, “That will only work if you....More>>>
By now it’s certainly no surprise that the Department of Labor has issued its long awaited missive on fiduciary duty. With over 1,000 pages, there is a lot to absorb; however, I believe the DOL has done a Solomon-like job of streamlining, simplifying and clarifying the rule. Although, like many other supporters of the fiduciary concept, I would have liked to see something stronger, I do believe....More>>>
CROWN CASTLE IN/SH SH (NYSE:CCI) will be releasing its earnings data after the market closes on Wednesday, April 17th. Analysts expect CROWN CASTLE IN/SH SH to post earnings of $1.37 per share for the quarter. CROWN CASTLE IN/SH SH has set its FY 2019 guidance at $5.79-5.89 EPS and its FY19 gu
The coffee market is back in the news, but the latest development may not have a big impact 0n Starbucks (NASDAQ:SBUX), stock. Burger King recently announced a $5 per month coffee subscription model, giving members one free cup of coffee per day.