Big banks kick off earnings season Friday, and many analysts expect robust results after a post-election stock-trading frenzy that may have provided stronger revenue.
Lined up for tomorrow are Bank of America Corp(NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Wells Fargo & Co (NYSE: WFC), and there’s plenty of enthusiasm going into the results. The financial sector overall....more>>>
Credit Suisse analyst and teamGregory Lewis and team contend that Noble (NE) is “positioning for [an] eventual recovery” in offshore drilling, with emphasis on the word “eventual” but worry about They explain:
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We had the opportunity to host meetings with Nobleearlier this week. Management focused on its strong medium-term....more>>>
Ever since Donald Trump won the 2016 U.S. presidential election, investors have been trying to figure out just who will benefit–who will suffer–from his proposed changes to the U.S. tax code. First it was everyone. Then the companies that do most of their business in the U.S. We’re still trying to figure it out.
The news hit the wire that business software company Deltek is being acquired by Roper Technologies (NYSE:ROP). Taken private by Thoma Bravo in a deal that closed in 2012, Deltek managed to continue its growth, acquire several new products for its portfolio of software focused on project-based businesses, and set an aggressive path to reinvent itself as a modern cloud services provider. According....more>>>
At 4 p.m. ET this afternoon, U.S. President Barack Obama will reveal the eight individuals he’s tasked with serving on his Puerto Rico oversight board. These folks will be charged with restructuring the commonwealth’s massive $70 billion debt burden.
To be clear: This board is not tasked withdoling out another bailout placed at the feet of American taxpayers. It’s more....more>>>
The folks at Bespoke Investment Group note that its “Death By Amazon” index, which includesBest Buy (BBY), Barnes & Noble (BKS), Wal-Mart Stores (WMT), and Macy’s (M), among other traditional retailers that have been hurt by Amazon.com’s (AMZN) dominance, has been outperforming since Donald Trump’s election victory:
Whirlpool CEO Jeff Fettig blamed the confidence-sapping U.S. election and the plunge in the value of the British pound for the companys disappointing third quarter earnings, and predicted that the appliance-makers woes would be short-lived.
Whirlpool shares fell as much as 13% on Tuesday after the company posted earnings per share of $3.66, versus expectations for....more>>>
Last week's "best-looking trade setup in the market" exploded higher. Copper prices rose almost 5% in just four trading days. Here's an updated look at the chart of copper… Buying copper last week as it tested the support of its consolidating triangle pattern was a low-risk trade. And as it turned out, it generated a solid profit in just one....more>>>
Related WYNN Wynn Surges After Q4 Beat Wynn's Setup Is 'Compelling,' Says Deutsche Bank Macau at the crossroads (Seeking Alpha) Related FCX What Street Thinks Of Freeport, Avago After Earnings Mid-Afternoon Market Update: Kohl's Drops On Lowered Forecast; Glu Mobile Shares....more>>>