Fitch Offers Brighter US and Emerging Market GDP Growth in 2017, Less So for China
As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend.
All Work
Jon C. Ogg
FDIC Banks Now Posting Record Profits
If you have seen the post-election rally in banks, you might just assume that the gains are tied to expectations of higher earnings, more growth and less regulation ahead. That may only be part…
Small Business Trends Not Improving Much in November
A huge stock market recovery and consumer sentiment screaming higher since the presidential election has not translated directly to small businesses continuing to hire at the same rate as before.
Better News for Manufacturing Activity in Texas
Sometimes headlines just do not tell a full story. That was the case with the Dallas Federal Reserve's Texas Manufacturing Outlook Survey.
Q3 GDP Revised Higher Than Expected
The first revision for third-quarter gross domestic product was higher than both the first estimate and the expectations already shown.
Top Analyst Upgrades and Downgrades: AK Steel, Celgene, Darden, Delphi Automotive, Johnson & Johnson, US Steel and More
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include AK Steel, Celgene, Darden Restaurants, Delphi Automotive, Johnson & Johnson and U.S. Steel.
15 Reasons Why a Federal Reserve Rate Hike Looks Certain for the Holidays
It may be a holiday weekend, but 24/7 Wall St. wanted to give investors, business owners, and consumers insight into what to expect as 2016 ends and 2017 gets closer. The first order of business…
Trade Deficit Widened in October as Inventories Declined
When it comes to international trade, the United States has been running a deficit for decades. The Friday after Thanksgiving is a day when most people in America are not working, but there is…
Consumer Sentiment Surges Higher After Trump Victory
It turns out that it isn’t just the attitude of business owners and managers that is improving in November. The post-election rally has been impossible to ignore, and that appears to have bled over to…
Growth in Europe Picks Up in Flash PMI Reading
The markets have seen two weeks of post-election rallying, while U.S. interest rates and the dollar have both been rising in anticipation of a return to growth. Markit has already released stronger-than-expected numbers in…
PMI Manufacturing Index Flash Reading Beats Expectations
We have yet another strong economic report around U.S. manufacturing. Markit’s Flash U.S. Manufacturing PMI appears to indicate the strongest rise in U.S. manufacturing production since March 2015. What may matter here is that this…
Jump in Jobless Claims Unlikely to Matter
Last week’s massive drop in weekly jobless did not seem to repeat itself. That being said, jobless claims remain stubbornly low and signal a continuation of a good employment market. The U.S. Labor Department…
October Durable Goods Orders Surged Higher
The U.S. Commerce Department has released its Durable Goods report for the month of October and it was a strong number across the board. 24/7 Wall St. would remind investors, readers, and economists that…
Top Analyst Upgrades and Downgrades: Analog Devices, First Solar, Hewlett Packard Enterprise, Intel, Urban Outfitters and More
Stocks have hit new all-time highs on a post-election Trump rally, with the Dow over 19,000 and the S&P 500 hitting 2,200. Markets were looking for direction ahead of Thanksgiving and many investors are…
Analysts Issue Mixed Ratings in Acushnet Holdings, But All Predict Upside
Acushnet Holdings Corp. (NYSE: GOLF) may not be a household name, but golfers will be familiar with the products, even if they did not know the holding company’s name. Acushnet designs and sells golf…
More Worries for Utilities in 2017?
Maybe we are finally seeing that utilities cannot rise endlessly without a concern about proper P/E ratios and rising interest rates. In the daily upgrades and downgrades, there are often many sector calls seen…
Top Analyst Upgrades and Downgrades: Duke Energy, Ford, GM, Huntington Bancshares, Tyson Foods and More
Monday brought on a trifecta for investors as the Dow, S&P 500 and Nasdaq all three hit all-time highs. Post-election fever just keeps on going. Still, stocks were only moderately higher on Tuesday morning.…
Can DJIA Still Rise to 19,700 by End of 2016?
In the first days of each year, 24/7 Wall St. uses the average implied upside of each Dow Jones Industrial Average component to generate an upside price target. It has been off in some…
Goldman Sachs Issues Upside 2017 Macro Outlook: Trump, GDP, Taxes and Policy
If there is one brokerage research firm that can turn the heads of all investors at once it would have to be Goldman Sachs Group Inc. (NYSE: GS). After all, Goldman Sachs advises wealthy…
Chicago Fed National Activity Index Ticked Higher in October, But Still Negative
The Chicago Federal Reserve bank has released its National Activity Index showing a better reading for October versus September. The report was still negative at -0.08, but this is better than the -0.23 reading…