Many talented authors have posted about publicly listed equities trading at or near asset value with significant tax attributes, namely Net Operating Losses (NOLs), and the inherent asymmetry when an activist or new management makes a break from money losing operations to pursue transformative acquisitions. Several of the activists or lead investors, such as Becker Drapkin (EMKR, CNSI, SDOI) or....more>>>
U.S. equities finished mixed on Tuesday, hitting fresh all-time highs early in the session before some selling pressure hit the tape and prices drifted lower. There is no major catalysts in play, just a continuation of recent themes: Vague positive feelings about President Trump’s plans, relatively strong quarterly results and a comfortable impression that the Federal Reserve isn’t in....more>>>
Citigroup’s Kate McShane and team ask if the bull markets in Nike (NKE) andUnder Armour (UA) are over. Their answer: No. They explain why:
Since their respective analyst days last fall (Under Armour – Sept; Nike – Oct),Under Armour and Nike stocks are down ~17% and 5%, respectively. The pullback in both names appears to be driven primarily by....more>>>
If you have listened to the endless political rhetoric in the presidential election, you might worry that the economy is driving off a cliff. Things might not be all perfect, and there are some serious drags happening. Still, the all-ineconomic readings are not quite signaling that the next economic mudslide is imminent. even if the economic recoveryremains exceptionally dull.
24/7 Wall St.....more>>>
Stocks gained today as corporate earnings shined and inflation data showed no need for the Federal Reserve to rush a rate hike.
The S&P 500 rose 0.6% to 2,139.60 today, while the Dow Jones Industrial Average advanced75.54 points, or 0.4%, to 18,161.94. The Nasdaq Composite gained 0.9% to 5,243.84.
Citigroup’s Andrew Hollenhorst contends the inflation....more>>>
The Lean Short-Term Growth Portfolio, or LSGP, was created in late March 2016. The objective of this portfolio is for opportunistic near-term capital appreciation and most likely will not include companies that pay dividends. Companies ought after will typically have higher volatility versus the Long-Term Growth Portfolio, or LLGP.
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Like the LLGP,....more>>>
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INTL FCStone Financial says it is rolling out retail clearing and custody solutions built by Sterne Agee along with its own institutional services to become a top midmarket provider.
The news comes about five months after INTL FCStone....more>>>
Shares of International Paper (IP) have jumped today on what’s being referred to as takeover chatter by Briefing.com. BMO’s Mark Wilde and team speculate:
International Paper is currently the subject of several reports on Bloomberg around a prospective takeover. The reports have included the suggestion that privately held Koch Industries could be an acquirer of International Paper.....more>>>
Over the final week of September, as the end of the third quarter approached, November NYMEX natural gas futures fell from $3.166 per MMBtu to lows of $2.8660 on Monday, October 3. It looked like yet another failure for natural gas.
Natural gas is used to failure at this point; the price had done nothing but move lower since it traded at almost $6.50 per MMBtu in February 2014. Last March,....more>>>
Nothing is more frustrating to me than stingy dividend stocks.
I have a well-deserved reputation as a cheapskate. (I prefer to think of myself as frugal, but my friends and family have other choice words for me.) Yet as miserly as I am, I know when Im beaten. I once had a friend that was tired of paying for lawn service. So he bought a baby goat at a flea market, had the goat eat his grass,....more>>>
We spent a lot of time on Thursday’s live blog talking about the “War of 1812.” Turned out to be time well spent.
The reversal that began yesterday afternoon and is continuing on Friday was sparked when the S&P 500 fell to 1812, a level that equaled the Jan. 20 intraday trading low and the 2016 trading low. Almost as soon as the number was reached – and in fact....more>>>