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.
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President Donald Trump told Republican senators on Tuesday he supports an Affordable Care Act individual major medical market stabilization bill offered by Republican Lamar Alexander and Democrat Patty....More>>>
With the holiday season around the corner,consumers are busy searching for the products to buy while investors are busy searching for the companies whose products consumers are buying. Just a couple of week back GoPro (NSDQ:GPRO) was one such company on which investors were willing to bet as its products were likely to fly off the shelves of retail outlets. But then the things changed. While GoPro’s....More>>>
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Yesterday, news broke that General Motors (GM) was considering selling its European business to PSA. Surprising? Yes. And it certainly wasn’t a part of the bullish argument Barron’s Johanna Bennett made for the automaker in January. But it’s an idea that actually makes quite a bit of sense, argues JPMorgan analyst Ryan Brinkman and team. They explain why:
The Q2 2017 earnings report for mid cap fabless semiconductor stock Marvell Technology Group Ltd (NASDAQ: MRVL) is scheduled for before the market opens on Tuesday (September 6th). We had Marvell Technology Groupin our SmallCap Network Elite Opportunity (SCN EO) portfolio back in 2013 becauseits fundamental and technical context appeared very attractive at the time and the company’s products....More>>>
Today, our Under the Radar Moversnewsletter suggested shorting small cap wireless communications manufacturer RELM Wireless Corporation (NYSEMKT: RWC):
RELM Wireless isn’t apt to be a huge winner for is, though the odds of it being a winner of some size are significant. The deterioration is slow and steady, and the stock pulled under the 200-day moving average line (green) with little....More>>>
So much for the calm that appeared to be settling over the U.S. stock market.
The S&P 500 Index tumbled as much as 1.6 percent, leaving it just 6 points above its average price for the past 50 days -- a level it hasn’t fallen below for the past three weeks. The selling came as p