Seven years after the end of the worst financial crisis since the Great Depression, the U.S. economy continues to lead the developed world. Gross domestic product in the U.S. has been rising only about 2% annually (compared with a more normal 3%), but the economies of most other major nations are at or just above stall speed.
Apple Inc. (NSDQ:AAPL)hasn’t been having its own way recently. A few months ago, the company wasordered to return $13 billion in back taxes in Europe plus now it has todeal with a new US president in Donald Trumpwho clearly has reservationson how Apple runs its business affairs. Recently though, the Irish government announced that it would be appealing the European Commission’s decision....more>>>
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>>>
November 11, 2016: Here are four stocks trading with relatively heavy volume among 74equities making new 52-week lows in Friday’s session. On the NYSE, advancers led decliners by about 8 to 7and on the Nasdaq advancers led decliners by about 2.5to 1.
The Coca-Cola Co. (NYSE: KO) lost about 0.8% Friday to post a new 52-week low of $40.63 after closing Thursday at $40.95. The 52-week....more>>>
The Q3 2017 earnings report for mid cap Urban Outfitters, Inc (NASDAQ: URBN)is scheduled forafter the marketcloses onTuesday (November 22nd). Last Thursday, Morgan Stanleys Kimberly Greenberger and team downgraded shares to Equal Weight from Overweight, saying: Key pieces of theUrban Outfitters story look largely intact Urban Outfitters comp momentum, GM recapture, inventory discipline, and tight....more>>>
For the second day running, the Dow Jones Industrial Average attempted to rise to the 20,000 level, only to falter and back up some. With the market volume drying up fast as the Christmas holiday approaches, its looking more and more like the historical level may have to wait a little longer. The futures were trading slightly lower this morning, so we may open down again.
Legendary investor Bill Miller is the former chairman and chief investment officer of Legg Mason Capital Management. He has been named fund manager of the decade by Morningstar and ranked as the top 30 most influential people in investing by SmartMoney. Below is an edited summary of his interview with The Investor’s Podcast where he talks about determining the intrinsic value of various....more>>>
Mobile means that, for the first time, pretty much everyone on earth will have a camera, taking vastly more images than were ever taken on film (how many pictures?). This feels like a profound change on a par with, say, the transistor radio making music ubiquitous.
Then, the image sensor in a phone is more than just a camera that takes pictures – it’s also part of new ways of....more>>>
With crude oil prices back around $50 a barrel following an announcement that OPEC plans to cut production by as much as 750,000 barrels a day, now is perhaps a good time to try to figure out which countries stand to gain the most from the price increase.
Daily production aside for the moment, we may safely say that the countries with the largest reserves are those that are in the best position....more>>>
Shares of Barnes & Noble (NYSE:BKS) climbed higher throughout the second quarter, thanks to some data that suggested that books were making a recovery. Shares then retreated after the company fired its new CEO less than one year into the job. A favorable article from Barron’s suggesting that fears about obsolescence due to Amazon (NASDAQ:AMZN) were overdone led to renewed optimism, before....more>>>
Investors battered Patterson Companies’ (NASDAQ:PDCO) shares in an almost 20 percent sell off on the day the company announced its latest earnings. As a PDCO shareholder for about 2 陆 years, the sell off was the worst we experienced since buying the company’s shares. Needless to say, as a recommender of the company’s shares, we were disheartened to see our entire gain on....more>>>
More Valeant Pharmaceuticals news broke late yesterday (Tuesday) when the company announced that it’s in advanced talks to sell one of its key drugs.
According to The Wall Street Journal, Valeant is trying to sell its stomach drug business. The buyer is reportedly Takeda Pharmaceutical Co. The price tag is $10 billion. The purchase would include about $8.5 billion in cash and future....more>>>