Mixed Bag in Consumer Sentiment Revision
The University of Michigan has released its monthly revision for consumer sentiment in May. It still showed a robust gain from the prior month, but far less than originally forecast.
All Work
Jon C. Ogg
Q1 GDP Revision Higher, Yet Disappointing
First-quarter GDP growth saw a revision, and it raised to 0.8% from the prior 0.5%. This report was incredibly slow, and it was also under the expectations.
Top Analyst Upgrades and Downgrades: Dollar General, Monsanto, Palo Alto, TG Therapeutics, Ulta, Vivint Solar and More
he top analyst upgrades, downgrades and initiations seen on Friday morning includes Dollar General, Monsanto, Palo Alto Networks, TG Therapeutics, Ulta Beauty and Vivint Solar.
Durable Goods Strength Skewed by Aircraft Orders
Thursday's report on durable goods was, no pun intended, quite durable. The headline report showed a gain of more than 3% in the month of April.
7 ETFs and Closed-End Funds Yielding Over 10%
24/7 Wall St. has decided to track seven funds, all either closed-end funds or exchange-traded funds (ETFs), that offer yields of 10% or more.
Top Analyst Upgrades and Downgrades: Alibaba, ADM, CSC, Infosys, Microsoft, Wells Fargo, WisdomTree and More
Stocks were indicated higher on Thursday, after gains on Tuesday and Wednesday were handy. Oil also crossed back above the $50 barrier again for the first time since October 2015. The notion of “sell…
Why Investors Remain So Focused on GE Over Other Conglomerates in 2016
What it is that is driving the interest in General Electric over its better performing peers? There is one simple explanation, after backing out all other issues: earnings growth!
7 Companies in the Fight to Defeat the Zika Virus
Many companies are being discussed as Zika virus winners, but the reality is that many of them are so small or have sketchy histories. This is why we are featuring seven notable companies targeting…
Analysts Stick by Wells Fargo After Investor Day
24/7 Wall St. tracked several analyst reports after the Well Fargo investor day commentary.
Fitch Trims US GDP Expectations for 2016, Raises China GDP View
Fitch Ratings has issued its latest Global Economic Outlook. Unfortunately, that outlook is calling weaker growth in gross domestic product (GDP) for the United States in 2016.
Will Durable Goods Bring Another Disappointment?
If there is one economic release that can bring big swings to expectations, it is the monthly durable goods report. This is also one of the most volatile of all economic reports.
Short Sellers Go to War Against 8 Well-Known Stocks in May
Here are eight well-known stocks with either unusual or massive gains seen in their short interest as of the May 13, 2016, settlement date.
Narrower Trade Deficit Seen in April 2016
The U.S. Department of Commerce showed that imports and exports of goods were up in April, compared to March.
Top Analyst Upgrades and Downgrades: Applied Materials, Best Buy, Nokia, CSC, HPE, Monsanto, Noble Energy, Western Digital and More
The top analyst upgrades, downgrades and initiations seen on Wednesday morning include Applied Materials, Best Buy, Nokia, CSC, HPE, Monsanto, Noble Energy and Western Digital.
PDL’s Next Acquisition Target Focus Is on Hypertension
PDL BioPharma Inc. (NASDAQ: PDLI) has now shown where its next revenue stream will be coming from. The company announced on Tuesday that it has committed to an equity investment in Noden Pharma DAC.…
Selecta Biosciences Files for IPO: Targeting Gout
Selecta Biosciences has filed its paperwork with the Securities and Exchange Commission to conduct an initial public offering (IPO) ahead. The company applied to list its common stock on The Nasdaq Global Market under…
Intuit Raising 2016 Guidance After Strong Tax Season Results
Intuit Inc. (NASDAQ: INTU) has released its earnings for the third quarter of its fiscal year 2016. As this company is so dependent upon tax filing software sales and services around TurboTax, this quarter…
What Hecla Really Gets With This Small Acquisition
One trend that has been seen of late is that when companies make acquisitions, their shares have often been rising after news breaks. The old historic reaction was that the buyer’s stock drops and…
5 Potentially Overvalued Dow Stocks Trading Above Their Fair Value Targets
Should investors be concerned that five of the Dow Jones Industrial Average are trading above their fair value targets?
Household Debt Trends Improve in Q1 2016, With Bankruptcies Way Down
The total levels of household debt balances rose during the first quarter of 2016, according to the Federal Reserve Bank of New York.