Remember that moment in Eddie Murphy’s Coming to America where Randolph and Mortimer Duke are handed a bag of money, giving them a chance to rebuild the wealth they lost in Trading Places? When it happens, Randolph turns to Mortimer and simply says…”We’re back”
Michael Nagle/Bloomberg News
We know how they feel. After one of the worst starts to....More>>>
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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>>>
Stocks gave back a bit of last week’s Brexit-inspired gains as the yield on the U.S. 10-year Treasury hit a record low.
The S&P 500 fell 0.7% to 2,088.55 today, while the Dow Jones Industrial Average declined 108.75 points, or 0.6%, to 17,840.62. The Nasdaq Composite dropped 0.8% to 4,822.90.
Strategas Research Partners’ Chris....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>>>
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May crude oil futures are trading higher by $2.08 at $39.34 in Friday’s session. They started move....More>>>
Tax audits are in the news more than usual this year, since Donald Trump says the fact that hes being audited by the IRS prevents him from releasing his returns as part of his quest for the presidency.
TOOL: Pinpoint Your Audit Odds
But if being audited blocked the release of a tax return, we never would have seen Barack Obamas or George W. Bushs or Bill Clintons or any other recent....More>>>
By Charles Kennedy
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.
According to Clipper Data market intelligence cited by the Financial Times, we’ve seen a 5 percent decline in U.S. crude oil export....More>>>
Today, central banks are acting more aggressively than ever before to stave off deflation and spur global growth. The European Central Bank, the People’s Bank of China, the Bank of Japan, the Bank of England and the Federal Reserve have all embarked on quantitative easing (QE) programs following the 2008 financial crisis.
See Also: Kiplinger’s Economic Outlook on Interest Rates....More>>>
American Express (AXP) is stuck between a rock and a hard place. As it battles MasterCard (MA) and Visa (V), American Express can either try to match their rewards–which will damage its returns–or stand its ground, which will make it hard to compete. Evercore ISI’s David Togut and team explain:
Credit card rewards continue to spiral skywards asAmerican....More>>>
Leerink’s Geoffrey Porges and Assaf Vestin are attending the annual American Society of Clinical Oncology, or ASCO, meeting and came away seeing the “biggest positive impact” forCelgene (CELG), but only a “modest” impact for Amgen (AMGN),Regeneron Pharmaceuticals (REGN) and Gilead Sciences (GILD). They explain:
We see the biggest....More>>>
BMO Capital Markets analyst M. IanSomaiya and team take a look at the “clinical readouts through the end of 2016″ and find upside catalysts for Celgene (CELG), Amgen (AMGN), Biogen (BIIB), and Gilead Sciences (GILD) They explain:
Paulo Fridman/Bloomberg News
Celgene: We believe positive data from the mongersen Phase 2 endoscopy study should move shares higher if....More>>>
A steady stream of multi-factor exchange traded funds have been coming to market for over a year now. Multi-factor ETFs offer investors exposure to several investment factors – the idea being that investors don't need to time when a certain factor will perform well and when others will fall out of favor.
The Global X Scientific Beta US ETF (NYSE: SCIU), which is 14 months old,....More>>>
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Stocks look set to build on yesterday’s gains as the markets look to put Brexit behind them.
Francis R. Malasig/European Pressphoto Agency
S&P 500 futures have risen 0.6%, while Dow Jones Industrial Average futures have advanced 0.6%. Nasdaq Composite futures have gained 0.7%.
Monsanto (MON) has fallen 1.1% to$99.93 after missing earnings and revenue forecasts....More>>>