On Friday, obscured by the dust kicked up by Amazon.com (NASDAQ:AMZN) after reporting it would be acquiring Whole Foods Market (NASDAQ:WFM), there was another curious (albeit much less interesting) acquisition made --discount retailer Wal-Mart Stores (NYSE:WMT) announced it would be purchasi
Perhaps the greatest collection of unopened collectibles in baseball card history was recently found in a 90-year-old aunt’s Tennessee attic. Her husband, the late uncle of the current seller, owned a confectionary company that made card sets based on
President Trump’s tax returns are unlikely to turn up any Russian connections or impeachable offenses. Sorry, but federal tax returns are not the appropriate documents for that purpose. Members of Congress have offered resolutions demanding Trump’s tax returns and other members have called on him to release them voluntarily.
It was entertaining to watch Rachel Maddow fill an hour....More>>>
January 19, 2017: Markets opened slightly higherThursday as investors appear to be waiting to what President-elect Donald Trump has to say in his inauguration speech on Friday. Only the industrials and telecom sectors posted gains Thursday while real estate and utilities lagged. WTI crude oil for February delivery settled at $51.37 a barrel, up about 0.6% on the day. February gold dropped 0.9% on....More>>>
German banking giant Deutsche Bank said Friday it has agreed toa $7.2 billion settlement with the U.S. Justice Department over its marketing and sales of mortgage-backed bonds risky securities that helped start the global financial crisis.
Under the deal, which isnt yet final, the bank agreed to pay $3.1 billion in fines and $4.1 billion in compensation through such measures as easing loan....More>>>
The latest COT report showed little movement in trader positions before the Yellen. But since this report only included positions as of Tuesday, it didn’t include Wednesday’s bear raid and trader responses to Ms. Yellen’s speech on Friday. Nevertheless, we saw an increase in speculative gold longs (which surprised us), a decrease in speculative shorts, and also a decrease in the....More>>>
Back in February I wrote about how at $7.34 per share I thought it was a good time to take a hard look at Consol Energy (NYSE:CNX). As per usual this idea was found by studying the portfolio of a world class investor.
In the case of Consol that investor was David Einhorn.
What I thought was especially attractive about Consol was that Einhorn had bought the stock at prices as high as....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>>>
Do we need to remind you how hard biotech stocks have been hit this year? If you read this blog, probably not, but we’ll do it anyway. The iShares Nasdaq Biotechnology ETF (IBB) has fallen 24%, while Gilead Sciences (GILD) has declined 8.7%, Biogen (BIIB) has fallen 17%, Celgene (CELG) has dropped 16%, and Regeneron Pharmaceuticals (REGN) has plunged 32%. Yet despite these drops–and....More>>>
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FINRA Hits Merrill With $7M Penalty on Customer Accounts
The Securities and Exchange Commission on Thursday approved amendments to FINRA rules to increase the number of arbitrators on the public arbitrator list that FINRA sends to parties during the arbitration panel selection....More>>>
November 18, 2016: Here are four stocks trading with relatively heavy volume among 46 equities making new 52-week lows in Friday’s session. On the NYSE, advancers and decliners traded about equally and on the Nasdaq advancers led decliners traded by about 7 to 6.
Infosys Ltd. (NYSE: INFY) dropped nearly 1.1% on Friday to post a new 52-week low of $13.89 against a 52-week high of $20.47.....More>>>
Dont count on a fast recovery for Dollar General (DG).
Thats the warning from Guggenheim analyst John Heinbockel after the dollar store chain unveiled dismal third quarter financial results, with a surprise drop in same store sales, and cut its full-year forecasts due to lower grocery prices and food stamp benefit cuts.
We had anticipated a 3Q sales shortfall on ongoing deflation/SNAP....More>>>
In a market that was remarkably muted, shares of Whole Foods Market (WFM) soared thanks to speculation that Kroger (KR) is contemplating an acquisition of the struggling high-end grocer. That made Whole Foods our hot stock today.
Shares of Whole Foods Market jumped 4.9% to $29.33 today, while Kroger gained 1.8% to $29.37. The S&P 500 ticked up 0.1% to 2,160.77.
Africa Oil Corporation (OTCMKTS: OTCPK:AOIFF) is a Canadian oil and gas company that operates out of Africa, with assets in Kenya and Ethiopia. The company is also listed on the Canadian stock exchange and believes it holds significant amounts of high potential acreage. As we will see throughout
Leadership is a funny word - you can be the best at something, but if that "something" isn't all that valuable, then it's hard to make real money from that leadership. That's my initial impression of Luxfer (NYSE:LXFR) as I do believe this company has a strong position in specialty metal and
For some investors, they’ve created small fortunes. For others, they’ve brought nothing but misery. For all investors, though, there’s no denying the fact that biotech stocks have kept things interesting if only because they can always supply a binary even traders can treat
Abraxas Petroleum (NASDAQ:AXAS) has expanded its Delaware Basin position with a $22.2 million acquisition. This appears to be a fair price given what Halcon Resources (NYSE:HK) is paying for its nearby acreage. As well, Halcon's results near Abraxas's Caprito 99-301H well indicates that the