When I last wrote about Weyerhaeuser (NYSE:WY), its agreement to acquire Plum Creek Timber was ten days old, and several uncertainties surrounded the company as well as its intended transaction. Both its and Plum Creek's shares were trading oddly, suggesting that investors expected (implausibly)
CVS Health Corp (NYSE:CVS) was supposed to be one of the last slam dunks left in retail. Everyone needs their drugs, right? As we age, we need more drugs. That means we need drug stores. And since CVS also owns Caremark, one of the largest pharmacy benefit managers, they should have gua
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.
The Q2 2017 earnings report for mid cap electronic manufacturing services (EMS) stock Jabil Circuit, Inc (NYSE: JBL), whos biggest customer would be Apple Inc (NASDAQ: AAPL), is scheduled for after the market closes on Wednesday (March 15). Wall Street will be paying attention to results and
At first glance investors may be confounded by Shake Shack's (NYSE: SHAK) earnings multiple of 86.67, leaving observers in awe over how a burger company can be trading as if it has an economic moat the size of Nvidia's or Amazon's. Investors on this very site have even cited Shake Shack's valuati
In late July, I published Volaris: Entering Bumpier Airspace. Since then, shares of Mexican discount carrier Volaris Aviation (NYSE:VLRS) are down 22%, falling from $19 to $14.80. It's time to take profits on that short position, if still involved, and consider switching to the bullish side of th
American Express (NYSE: AXP) is a bank holding company and one of the world's largest financial services companies, and is known for its affluent customer base, high-spending customers, and premium network pricing. AXP provides credit, prepaid, and gift card products to customers and serves as is