It may be a holiday weekend, but 24/7 Wall St. wanted to give investors, business owners, and consumers insight intowhat to expect as 2016 ends and 2017 gets closer. The first order of business will be a Federal Reserve interest rate hike in December.
Unless new data suddenly sours, you can bet with close to certainty that Janet Yellen and her voting members of the Federal Open Market Committee....More>>>
Image Source: WSJ.com
Sales Trends A Bit Soft, But Nothing To Worry About
I have been a bit disappointed by Nordstroms (NYSE:JWN) recent results. Not because it was a bad quarter per se, but because it broke the sequence of constant overperformance compared to other peers in the department stores space. This was particularly evident on the side of comps, which decreased....More>>>
European stocks, which have lagged their U.S. counterparts dramatically since the bull market began in 2009, are closing the gap. In the first five months of 2017, the MSCI Europe index returned 16.6%nearly double the return of Standard & Poors 500-stock index.
See Also: Great Foreign Stocks That Pay Dividends
Whats behind Europes resurgence? For one thing, European....More>>>
Ever since the proposed acquisition of Rite Aid Corporation (NYSE:RAD) by Walgreens Boots Alliance Inc (NASDAQ:WBA) was restructured multiple times and eventually turned into an all-cash deal for a couple stores, RAD stock has been left for dead.
When Walgreens announced its intention to buy Rite Aid for $9.4 billion in October 2015,....More>>>
Yesterday, Morgan Stanleys Adam Jonas cut Delphi Automotive (DLPH) to Underweight from Overweight citing the threat posed by electric cars (and not just Tesla Motors (TSLA)). Today, Bairds David Leiker and team offer a fuller defense of Delphi Automotive, as well as Borg Warner (BWA) and Lear (LEA):
Aggressive buyers of Delphi and BorgWarner following another drive....More>>>
Stocks look set to continue last week’s selloff on fears that the failure to pass the Republicans health-care bill could jeopardize Donald J. Trump’s pro-growth agenda.
Agence France-Presse/Getty Images
S&P 500 futures have dropped 0.8%, while Dow Jones Industrial Average futures have declined 141 points, or 0.7%. Nasdaq Composite futures have fallen 0.8%.
CEO of Monro Muffler Brake Inc (NASDAQ:MNRO) Heel John W Van sold 129,089 shares of MNRO on 07/26/2017 at an average price of $46.76 a share. The total sale was $6 million.
Monro Muffler Brake Inc provides automotive undercar repair and tire services in the United States. The Company provides a broad range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust....More>>>
This analysis will show why we think OpenText (OTEX) is one of the few undervalued companies in the technology sector. Per the fiscal 2017 annual report, OpenText made progress expanding into the enterprise information management such that the company sees a total addressable market size of $35 billion. Given the overall market size and associated need of enterprise information management, OpenText....More>>>
For the past few years, I’ve been watching an important consolidation pattern in the U.S. dollar because I believed that another major move would likely occur when the dollar finally broke out. The U.S. Dollar Index finally launched a bullish breakout due to optimism about Donald Trump’s election win and higher expectations for future U.S. economic growth, inflation, and interest....More>>>
Many investors who watched Fitbit (NYSE:FIT) and GoPro (NASDAQ:GPRO) crash and burn may believe that demand for wearable devices — like fitness trackers and action cameras — is fading. Indeed, earlier estimates for these markets were far too bullish.
Back in 2014, Morgan Stanley estimated thatApple would sell up to 60 million Apple Watches in the first year. The actual number,....More>>>