Investors and pundits continue to miss the mark when it comes to Yahoo (NASDAQ:YHOO). Ever since the company announced a massive data breach of hundreds of millions of users data, some have become very concerned about Yahoo’s ability to complete the sale of its core business to Verizon (NYSE:VZ) at the agreed upon price of $4.8B. Verizon management has made various comments relating to the....more>>>
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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History has been made.
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>>>
As concerns about Gilead Sciences (GILD) mount, Maxim’s Jason Kolbert are bullish on the biotech giant’s HIV franchise but not enough to change his Hold rating on the stock:
We recently spoke with GILD management about the launch of Genvoya and other HIV products. Our model now factors in our forecast for patient switch trends from other Gilead products....more>>>
You found your “dream home,” fell in love and are ready to sign the contract. Not so fast.
This is a huge investment, and perhaps a long-term commitment. So, step back, and ask yourself: What, if anything, stands between you and your dream home?
See Also: How Smart a Home Buyer Are You?
Here are three questions you should ask yourself before you make an offer:
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>>>