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The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.5% in the group’s seasonally adjusted composite index for the week ending June 29. Mortgage loan rate movements were mixed last week.
Mortgage loan rat
U.S. stock futures are treading water just above break even this morning. Wall Street is in a bit of a holding pattern as it awaits key earnings from a flood of financial banking giants.
JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) have both already reported earnings
Amazon.com Inc. (NYSE: AMZN), JPMorgan Chase & Co. (NYSE: JPM) and Berkshire Hathaway Inc. (NYSE: BRK-B) are now making their combined health care plan a reality with the appointment of a new chief executive officer. The trio originally set out to subvert the current health insurance system and create a company of their own that could better handle the needs of their employees, and it seems....More>>>
Last weekend I enjoyed a wonderful stay at the Mirage Hotel and Casino in Las Vegas, Nevada. Its right on the Vegas Strip, famous for its world-class casinos.
I wasnt there to gamble however.
My reason for being in Vegas was to see whats going on in the booming cannabis industry.
My goal was to attend the largest cannabis trade show of the year and find the next best moneymaking....More>>>
Over the past year, the performance of T. Rowe Price Blue Chip Growth (TRBCX has underscored why it pays to sit tight when a fund with a superior long-term record hits a speed bump. In 2016, as investors turned away from shares of the fast-growing, large-capitalization stocks that Blue Chip targets in favor of more-undervalued fare, the fund lagged the stock market dramatically. Stocks that had....More>>>
U.S. equities were battered in the worst selloff since September 2016 as a series of developments have roiled President Trump over the past week — all related to former FBI director James Comey, Russia and former national security advisor Michael Flynn.
All of this raises the specter of Congressional investigations, a possible appointment of a special prospector and even possible impeachment....More>>>
Investor Jeff Gundlach may be best known for his bond bets, but he has been talking about commodities as one of the market’s best trades since the beginning of the year.
On Monday he revealed a specific trade for what he sees as an underappreciated opportunity in the energy sector.
Speaking at the Sohn Investment Conference, where many managers disclose their latest investment....More>>>
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Dow 19,000 has a nice ring to it. And the iconic blue chip stock gauge is edging ever closer to that milestone.
After Mondays record-breaking day, when the Dow Jones industrial average, large-company Standard & Poors 500 stock index, tech-dominated....More>>>
Research Coverage- Viking Therapeutics (VKTX)
This is meant as a scientific/business development post as to the merits of VKTX. It is well known VKTX is undervalued (by upwards of 40x), but these details will not be discussed here. For a more detailed valuation analysis, see the end of Zacks SCR’s post.
Background
Viking Therapeutics is a clinical stage biopharmaceutical....More>>>
Employing contrarian investing tactics is exceptionally difficult. Evolutionarily speaking, we are inclined to follow the majority and not stray from the pack. However, in investing, it can be extraordinarily lucrative to deviate from the consensus. The consensus view of Bed Bath & Beyond (NASDAQ:BBBY) is that the company faces several headwinds that will stagnate growth and cause the stock....More>>>
Herbalife is back in the news again…
On Nov. 7, comedian and HBO’s “Last Week Tonight” host John Oliver went after its uncanny resemblance to a pyramid scheme.
We last wrote about Herbalife Ltd. (NYSE: HLF) back on Aug. 14, 2014, when we noted that activist investor Bill Ackman “was going to deliver a ‘deathblow’ to the company with a....More>>>
Image source: Getty Images.
Despite its many criticisms, the Affordable Care Act has arguably been the closest thing to universal healthcare that Americans have ever seen. According to data from the Centers for Disease Control and Prevention, the uninsured rate in the U.S. fell from 16% in the quarter immediately preceding the implementation of the ACA, which is more affably known as Obamacare,....More>>>
Gatorade Zero, a thirst quencher without sugar or carbs, hit stores around the country this week. It comes in orange, lemon lime, and glacier cherry, and is priced in line with the brand's classic sports drink.
The new drink is a tacit admission that th
Amundi Pioneer Asset Management Inc. lowered its holdings in Archer Daniels Midland Co (NYSE:ADM) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,109,443 shares of the company’s sto
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US Bancorp DE lifted its stake in AmBev (NYSE:ABEV) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,191 shares of the company’s stock after buying an additional 9,725 shares during the period. U
Hawaiian Electric Industries (HE) is a regulated electric utility company serving the Hawaiian Islands. The company operates three separate utilities Hawaiian Electric, Hawaii Electric Light, and Maui Electric which serve the various islands. The nature of the island chain is such that each is
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