At some point in any romantic relationship, this question may arise: "Why do you love me?" The moment is fraught with danger and the answer needs to come quickly and without hesitation. Otherwise, well, who knows. The worst possible answer would be, "Because you're a person."<
On Dec. 14, 2016, the federal funds rate was hiked by 25 basis points to 0.75%. More hikes are expected in 2017, but early this month, Fed FOMC members decided to maintain the interest rate at 75% for the time being without ruling out further increments. The next meeting of the Fed is slated for Wednesday, March 15, and analysts believe that the current rate of 0.75% will hold.
Warren Buffett, Wells Fargo’s biggest fan, says the Federal Reserve is making him reduce his stake in the embattled bank.
Buffett’s Berkshire Hathaway (BRKB) disclosed in a regulatory filing on Wednesday that it sold 7.1 million shares of Wells Fargo (WFC) for $384 million this week. It intends to sell an additional 1.7 million shares of Wells soon.
This is meant as a scientific/business development post as to the merits of VKTX. It is well known VKTX is undervalued (by upwards of 40x), but these details will not be discussed here. For a more detailed valuation analysis, see the end of Zacks SCR’s post.
Viking Therapeutics is a clinical stage biopharmaceutical....More>>>
Goldman Sachs analystWaqar Syed and team see “green shoots [appearing] in the distance” for oil-field-services sector…just not offshore drillers. They explain why they cut Atwood Oceanics (ATW) and Noble (NE) to sell, where they join Transocean (RIG):
Photo: George Osodi/Bloomberg
Avoid offshore drillers as high-priced backlog rolls over (Sell Transocean/Atwood....More>>>
SAN FRANCISCO The Amazon Go grocery store, now in the testing stage in Seattle, sounds like a dream come true for holiday shoppers waiting in long lines.
The underlying technology seems to be routed interra firma, however, a mix of cameras, microphones and the massive servers that Amazon uses to run its cloud computing service and power digital assistant Alexa.
Mexico’s “contingency plan” to protect its economy from the “hurricane” effect of Donald Trump’s electoral victory isn’t working.
On Thursday, Mexico’s central bank tried to prop up its battered currency, the peso, by selling dollars to international investors. It’s the latest move by Mexico to stop the peso’s bleeding from Trump’s....More>>>
Tripp Chowdhry, Global Equities Research Tesla analyst, published a note after the company announced the costs to use its Supercharger network for Model S and X ordered after January 15. In it he estimates that the company could generate a substantial amount of revenue and profit by the extra charges from these new buyers. However, Chowdhry’s projections are in direct contrast to Tesla’s....More>>>
Please note that all amounts are in Canadian dollars, due to it being UrtheCast’s reporting currency.
UrtheCast Corp. (OTCPK:LFDEF) is a provider of geo-spatial and geo-analytics data and engineering services. The company obtains this data through two sensors installed on the International Space Station (ISS) and through two company-owned satellites, Deimos-1 and Deimos-2. Its imagery....More>>>
Howard Schultz’s departure as CEO does not affect Starbucks’s (NASDAQ:SBUX) outlook because he has put in place the right strategy for the long term. While sixteen years ago his standing down as CEO led to a disappointing period for the company, this time it is different. The company is focused on emerging market expansion, the delivery of premium products to create a new niche and in....More>>>
DELAFIELD, Wis. (Stockpickr) — Short-sellers hate being caught short a stock that reports a blowout quarter. When this happens, we often see a tradable short squeeze develop as the bears rush to cover their positions to avoid big losses. Even the best short-sellers know that it’s never a great idea to stay short once a bullish earnings report sparks a big short-covering rally.
This is a quick update piece on Famous Dave’s (NASDAQ:DAVE) after reviewing Q3 2016 results and reading the corresponding conference call. Despite the turnaround taking longer than I hoped, there were some modest green shots within the numbers. Most notably, company-owned comps were only down 1%. Franchise comps were down a disappointing 3.8%, but as we can see from the chart I put together,....More>>>
Interest rates at FDIC-insured banks remain at an all-time low. I've tracked rates for more than a decade on sites such as Magnify Money and Consumerism Commentary. Back in the day rates of 5.00% or more were common. It may take us years to get back to those levels.
Largecap network security stock Palo Alto Networks Inc (NYSE: PANW) reported fiscal Q4 2017 earnings after the Thursday market close with better-than-expected quarterly resultsafter adding arecord number of customers in the wake of the recent global ransomware attack. Q4 revenue grew 27% to