ISM Non-Manufacturing Posts Strongest Reading of 2016
In the ISM Non-Manufacturing Index for November, we saw an explosive move higher to the strongest composite reading of 2016.
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Jon C. Ogg
NY Fed’s Dudley Outlines Rate Hike Expectations and Challenges Ahead
New York Federal Reserve President William Dudley is the latest Federal Reserve member to talk up interest rates.
What the Drop in Gun Stocks Means for Gun Demand Under Trump Over Clinton
The recent stock price pullbacks in the gun stocks have caught some analysts and investors by surprise. Frankly, it shouldn't have been a shock at all.
Odds Overwhelmingly Favor FOMC Interest Rate Hike in December
There is going to be some serious food for thought in the coming weeks. As 2016 comes to an end, there has been a substantial post-election rally around the notion that Donald Trump as…
15 Major Oil and Gas Analyst Upgrades After OPEC Production Cuts
Many key brokerage firms made upgrades to the oil patch stocks after OPEC's production cuts were announced. Others hiked price targets, even if their ratings were kept the same.
2017 Outlook: Further Evidence of Reflation to Inflation
With central banks looking to reflate and to avoid deflation, some economic watchers and many central bankers are going to be happy that inflationary pressure might be back on the rise.
November Unemployment Hits Post-Recession Low, With Caveats
The U.S. Department of Labor's latest employment situation report indicated that the official unemployment rate for November dropped to a post-recovery low.
Top Analyst Upgrades and Downgrades: Exxon Mobil, International Paper, JC Penney, Lululemon, Ulta Salon and More
The include top analyst upgrades, downgrades and initiations on Friday morning Exxon Mobil, International Paper, J.C. Penney, Lululemon and Ulta Beauty.
If Howard Schultz Is Leaving Starbucks, Has This Coffee Giant Peaked?
Wall Street and investors hate to see iconic CEOs resign. Howard Schultz has tried to leave Starbucks before, but this time looks like it will be for real.
Negative-Yielding Sovereign Debt Outstanding Keeps Shrinking and Shrinking
Stocks have risen handily since the end of the election, but so have bond yields. Now we have close to 100% chance that there will be an interest rate hike by the Federal Reserve…
Why One Analyst Sees Value and More Upside for Rio Tinto and BHP Billiton
The post-election rally has been massive, and the commodities miners and the companies that will supply into infrastructure have seen their shares rally. That may be more muted for companies outside of the United…
Top Analyst Upgrades and Downgrades: Alcoa, Deere, Ford, GM, McDonald’s, Wells Fargo, BHP Billiton, Rio Tinto and More
The top analyst upgrades, downgrades and initiations seen on Thursday morning include Alcoa, Deere, Ford, GM, McDonald's, Wells Fargo, BHP Billiton and Rio Tinto.
Did OPEC Production Cut Make More Speculative Oil Stocks Rally Too Much?
Many top oil stocks have risen handily. Where the moves look really crazy is in the more speculative second-tier stocks, which are either not as strong in the balance sheet or are still down…
Fed Beige Book Dominated by Moderate and Modest
The Federal Reserve’s Beige Book is often reported as though it is an economic report or as though it is an official Federal Reserve report. It turns out that the Beige Book summarizes comments…
What Steven Mnuchin in Treasury and Wilbur Ross in Commerce Mean in the Trump Economy
When it comes to the economy, two of the most influential positions in the nation are the Secretaries of the Treasury and of Commerce.
ADP Payrolls Gain May Boost Labor Department Expectations — With a Caveat
Each and every month, the U.S. Department of Labor 's payrolls and unemployment rate report is effectively previewed by ADP's monthly private sector payrolls report.
Top Analyst Upgrades and Downgrades: Arrowhead Pharma, Cognizant, Goldman Sachs, HP, Splunk, UnitedHealth and More
The top analyst upgrades, downgrades and initiations seen on Wednesday morning include Arrowhead Pharmaceuticals, Cognizant Technology Solutions, Goldman Sachs, HP, Splunk and UnitedHealth.
Should the Major Pop in Consumer Confidence Really Be a Big Surprise?
Whether economists were caught by surprise over the strength of Consumer Confidence was entirely predictable probably remains up for debate. What should not be up for debate is that investors and economists should have…
Fed Governor Powell Talks Up Rate Hike Odds
Federal Reserve Governor Jerome Powell was speaking at the Economic Club of Indiana in Indianapolis on Tuesday, and he talked up the chances of a rate hike for December.
Why Higher Guidance From Micron Is Being Ignored
The problem is that much of the good news about Micron Technology seems to have been anticipated and its shares are up just over 100% in the past six months.