In this article, I make an in-depth analysis of Ally Financial, Inc. (NYSE:ALLY) and argue that this lending and savings institution is uniquely overexposed to the automotive industry through dealer networks, commercial lending, retail auto lending, and subprime auto lending. As part of my thesis, I argue that retail auto sales are currently at their peak as some industry-wide....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>>>
Veresen Inc. (OTC:FCGYF) is a Canadian based midstream energy infrastructure company, traded primarily on the Toronto Stock Exchange with a market capitalization of approximately CAD $4 billion.
Much of the investment press surrounding Veresen is focused on the Jordan Cove LNG development. While this is a major piece of the company’s growth potential, skepticism and regulatory delays....more>>>
Shares of Halliburton (HAL) and Baker Hughes (BHI) are soaring after they announced that they’d challenge the U.S. Department of Justice’s decision to block their merger. RBC’s Kurt Hallead has the details:
Shares of both companies rose ~5% following the joint press release indicating they would challenge the DoJ’s decision to oppose....more>>>
Just where Donald Trump stands on climate change seems more uncertain than ever now that hes acknowledged to The New York Times that he sees some connectivity between human activity and increasing global temperatures.
Trumps remarks last week followed his disregard of climate change during his election campaign, including his pledge to pull the U.S. out of a 2015 agreement with nearly 200....more>>>
Correlation between oil prices and MLPs came back this week, shattering the recent relative calm for MLPs. The index dropped 3.6%, moving in the opposite direction of yield-based equities (UTY +2.2%), equities in general (S&P 500 +0.5%) and natural gas prices.
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MLPs either followed oil lower or dropped on an increase in risk premiums across the sector to reflect....more>>>
China has set an economic growth target range of 6.5% to 7% for this year as the central government struggles to manage a slowdown in the world’s second-largest economy.
The low end of the new growth goal is a few notches below what China posted last year. Gross domestic product expanded by 6.9% in 2015, its slowest pace in 25 years and a hair slower than the government’s 7%....more>>>
What a difference one word makes. Cowen’s Doug Creutz and Stephen Glagola could have said that it’s not time to panic after Viacom (VIAB) said its negotiations with Dish Network (DISH) have been going nowhere. Instead, they inserted the word “necessarily,” changing the complexion of things. They explain:
Wells Fargo’s Bonnie Herzog and team argue that Starbucks’ (SBUX) partnership withAnheuser-Busch InBev (BUD) to bottle and sell tea will “transform the tea market much like Starbucks did with coffee.” They explain:
StarbucksTo Enter Fast Growing, Premium Ready-to-Drink (RTD) Category withAnheuser Busch Inbev Partnership Starbucks announced....more>>>