Take Wall Streets forecasts on 10-year Treasury yieldsa crucial benchmarkwith a big grain of salt.
According to a Thursday note by Torsten Slok, chief international economist for Deutsche Bank, Wall Street analysts have been embarrassingly off the mark when asked to forecast where rates were headed.
He compared the last 15 years worth of forecasts from the Feds Survey of Professional....More>>>
Stocks spent most of Friday’s session in the red before breaking higher at the end of the trading day. By the close, theDow Jones Industrial Average(DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) indexes had each gained less than 0.25%.
Today’s stock market
Chipotle Mexican Grill, Inc. (NYSE:CMG) reported first-quarter earnings of $1.60 per share, notably higher than analysts’ expectations for $1.27. Revenues beat expectations, too, growing 28.1% year-over-year to $1.07 billion. Comp-store sales were up 17.8%. These results helped fuel the 2017 rally, but Chipotle shares only saw an ephemeral push above $500 in the after-hours session.
JPMorgan’s Ken Goldman and Joshua Levine explain why they’re refusing to follow at least six of their fellow analysts and cut their rating on Hain Celestial Group (HAIN) after the natural-products company said it had to delay the release of its earnings due to accounting irregularities:
Hain Celestial products Hain Celestial
Yesterday after the close, Hain Celestial....More>>>
The markets hugged the flat line in the early going today as traders took on a guarded tone ahead of the Federal Reserve meeting, a flood of earnings reports, including those from seven Dow Jones Industrials components, and a packed week of economic reports. Why jump in when there’s uncertainty of what’s ahead?
The markets took a prudent turn Monday with an opening that was....More>>>
Note: In part 1 on this topic, I had explored why Philips (NYSE:PHG) had spun-off its semiconductor business and how large the Philips semiconductor business was at that time.
NXP Semiconductors (NASDAQ:NXPI) – Lessons from Adversity during The Private Years
In life, timing is everything. The time Philips picked to spin-off (September 2006) its semiconductor business turned out....More>>>