Investors hoping that tax cuts and aggressive government spending plans will add another leg to the bull market likely are going to be disappointed, Morgan Stanley argues in an analysis that contends the end of big returns is near.
Does anyone at JPMorgan Chase want to be the eventual successor to CEO Jamie Dimon? The bank is about to lose yet another high-profile executive who was widely thought to be a potential heir apparent to Dimon.
JPMorgan Chase chief operating officer Matt Zames, a 13-year veteran of the firm, is leaving. Dimon confirmed the news in a memo to the bank’s employees that was sent to CNNMoney.....More>>>
Canadian Prime Minister Justin Trudeau has renewed his threat to scrap a potential deal to buy fighter jets from Boeing.
Trudeau called the U.S. plane manufacturer’s trade action against Canadian company Bombardier “unwarranted” and added that if Boeing (BA)continues the dispute, Canada won’t be buying Boeing’s F/A-18 Super Hornet fighter jets. The deal could....More>>>
Succeeding 13 years of R&D with a commercial-level rare disease drug, Sarepta Therapeutics, Inc. (NASDAQ:SRPT) tees up to deliver on the latter half of its promise to provide the world with a DMD cure for sufferers that may be amenable to Exon 51 skipping, and otherwise. A result that would facilitate the first cure for DMD and sizable growth potential.
Earlier today, we highlighted one analyst who compared Tesla Motors (TSLA) to New York City in the 1970s and recommended investors sell now. Baird’sBen Kallo andTyler Frank, however, see recent weakness in Tesla as a buying opportunity. In a note released yesterday, they explained why:
2016 Tesla Model S
Reiterate Outperform and price target of $338. We are buyers on recent....More>>>
Cisco Systems, Inc. (NASDAQ: CSCO) reported fiscal third-quarter financial results after markets closed Wednesday. The networking giant said that it had $0.60 in earnings per share (EPS) and $11.9 billion in revenue, which compares with consensus estimates from Thomson Reuters that called for $0.58 in EPS and $11.9 billion in revenue. The same period from last year had $0.57 in EPS and $12.0 billion....More>>>
Investment company Cable Hill Partners, LLC buys iShares Core U.S. Aggregate Bond, Enbridge, Devon Energy, Hawaiian Holdings, National Grid PLC, Novartis AG, Occidental Petroleum, Ares Capital, Vanguard Intermediate-Term Bond, CSX, sells Vanguard Short-Term Bond, SPDR DJ Wilshire Global Real Estate, Guggenheim MSCI Global Timber, Vanguard Total World Stock Index, Vanguard Small-Cap Value ETF –....More>>>
Hostess Brands (NASDAQ:TWNK), which we first wrote about as a Top Idea on August 15th, performed strongly in 2016. We are equally sanguine about the company’s prospects for 2017, and believe the stock can return 30%+ over the next 12 months, with potentially significant upside if the company makes accretive acquisitions or exceeds....More>>>
In spite of being one of worst performing stock in 2016 among the EU Pharma for the uncertainties related to the acquisition of Monsanto, I would not chase Bayer (OTCPK:BAYZF, OTCPK:BAYRY) in 2017, because I think the valuation is fully reflecting the strengths and opportunities of the company.
I like Bayer’s long-term strategy and diversification approach, with exposure to pharmaceuticals....More>>>
Terreno Realty’s (NYSE:TRNO) multiple is materially out of line with its quality. It trades as one of the most expensive REITs, (24X 2017 estimated FFO) yet it is wrought with problems including lack of transparency and ambitious acquisitions predicated in aggressive underwriting. We anticipate it trading down to a multiple closer to the average of the industrial REITs....More>>>
Lands’ End (NASDAQ:LE) CMO Gill Brown Hong bought 1,525 shares of the company’s stock in a transaction on Friday, April 13th. The shares were bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the completion of the transaction, the chief marke
Enbridge Energy, Limited Partnership (NYSE:EEP) had its target price lowered by Barclays from $16.00 to $11.00 in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage currently has an equal weight rating on the pipeline company’s stock.