Did you know that Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) went skidding into the end of 2017? Some investors may not have noticed the underperformance in Google stock, as it stumbled up to and through the holiday trading periods. On Dec. 18, Alphabet stock leaped to new all-time highs, before d
Most people would agree that sex trafficking is abhorrent.
When a group of Senators proposed a new bipartisan bill called Stop Enabling Sex Traffickers Act it sounded like a noble piece of legislation that people would get behind. It would hold companies liable if they “knowingly facilitate” sex trafficking on their online platforms. But tech industry associations and internet-rights....More>>>
Related MPEL Macau Records Largest Monthly Revenue Growth In Nearly 3 Years Is Monthly Gaming Win Data Still A Viable Trading Opportunity? Macau posts best monthly revenue growth since early 2014 (Seeking Alpha) Related WYNN Macau Records Largest Monthly Revenue Growth In Nearly 3 Years Is Monthly....More>>>
Over the last year, millions of people accessed new ways of managing money using their phones. Many new companies entered the market to help with everything from borrowing and saving to managing cash flow. A recent study showed that half of banking customers around the world are already using at least one financial technology (or fintech) service; more will follow as access increases. And the....More>>>
U.S. equities gapped higher at the open on Thursday, lifting the tech-heavy Nasdaq Composite to new record highs.
There was no specific catalysts for the rally. If anything, headwinds were in play as OPEC’s nine-month extension of last year’s production cap disappointed expectations for a deeper reduction in output and Wednesday’s Federal Reserve meeting minutes....More>>>
FedEx (FDX) is scheduled to release its earnings next week–and RBC’s John Barnes and team aren’t expecting great news:
FedExreports 3FQ/16 (ended February 2016) results on March 16 after market close…We are trimming our 3FQ/16 EPS estimates to reflect higher than expected peak season costs. We also expect the company to rein in FY/16 EPS guidance when it reports. Accordingly,....More>>>
Is Federal Reserve Chairwoman Janet Yellen capable of conducting a bond-market bloodbath? Thats what some on Wall Street are wondering.
Albert Edwards, market strategist at Soci茅t茅 G茅n茅rale and noted permabear, expects Yellen, who is set to deliver semiannual testimony to the Senate Banking Committee on Tuesday, will trigger a steep bond selloff by talking up the possibility that....More>>>
Yesterday, our Elite Opportunity Pronewsletter suggested large cap supermarket stock Kroger Co (NYSE: KR) as a potential speculative short trade:
I’m not going to dig deep into their financials, but trust me when I say we are not fans of Lululemon Athletica Inc. (LULU), The Kroger Co. (KR) and Nordstrom Inc. (JWN) right nowAs for KR and JWN, we just don’t think the current consumer....More>>>
Gilead Sciences (GILD) posted better-than-expected fourth-quarter financial results as sales of its hepatitis C drugs exceeded forecasts. Still, the biotech giant gave back after-hour gains as full-year sales forecasts failed to impress.
Gilead also boosted its dividend and almost doubled its share repurchase plan.
At a recent $83, the shares were up 0.4% after earlier climbing more....More>>>
Earlier this year, I wrote an article entitled Brazil: If We’re Really Doomed To Repeat History, I’m Buying, in which I presented the case that events were setting themselves up in a way that was eerily similar to 2002, just before the economy turned around and the equity market would go on to post multiple years of strong returns. Since then, the (NYSEARCA:EWZ) ETF is up around 20%,....More>>>
The last big market event of the year will be Wednesday, when the Fed decides on rates.
As we’ve discussed, from the bottom in rates earlier this year, the interest rate market has had an enormous move. That has a lot of people worried about 1) a tightening that has already taken place in the credit markets and 2) the potential drag it may have on what has been an improving recovery.....More>>>
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
Nearly 60 years ago, a writer calling himself Bob Belmont published a modest little book with an immodest title: How to Retire Without Money! You arent likely to find it in your library, but you might come across a copy at a used book sale,
Mid cap home products retailerWilliams-Sonoma, Inc (NYSE: WSM) reported Q2 2017 earnings after the Wednesday market close with results exceeding Wall Street expectations. Net revenues grew 3.7% to $1.202 billion versus $1.159 billion with comparable brand revenue growth of 2.8% on top of 0.6
Mike Komaransky spent 16 years trading, starting out as a clerk in the pits of the Chicago Mercantile Exchange, buying and selling everything from U.S. Treasuries to European fixed income derivatives. He spent his career at DRW Holdings, becoming a partner at the proprietary trading firm that run