In early August, I wrote an article recommending Mylan (MYL) instead of Teva Pharmaceutical Industries (TEVA) for those who would like to play the possible recovery in the generic drugs field. The price gap between the two was $12.32 (Mylan-Teva at $32.92-$20.60). Before yesterday’s strong rebound, the price gap widened to $16.59 (Mylan-Teva at $32.10-$15.51 – prices as of the market....More>>>
Stocks erased early losses to finish higher today as stronger economic data in the U.S. trumped Brexit fears.
The S&P 500 rose 0.5% to 2,099.73 today, while the Dow Jones Industrial Average advanced 78 points, or 0.4%, to 17,918.62. The Nasdaq Composite has gained 0.8% to 4,859.16.
Citigroup’s Robert Buckland and team argue that stocks are still....More>>>
(NEWSER) If a company plans to help customers showcase their “local pride,” said company should probably have some basic local knowledge. That might not have been the case with Target, whose series of flawed, Boston-themed T-shirts came under attack this week. ATwitter userwas among the first to draw attention to numerous misspellings (Jamaica Plain is Jamaca Plain, for instance) on....More>>>
March has brought madness to airline stocks, including United Continental Holdings (UAL), Delta Air Lines (DAL), and American Airlines (AAL). But the recent pullbacks aren’t a buying opportunity, say Imperial Michael Derchin and Adam Hackel.
Agence France-Presse/Getty Images
I recommended United Continental on Nov. 19, the week that Warren Buffett’s Berkshire Hathaway....More>>>
Facebook (NASDAQ:FB) recently hired Hugo Barra, theformer international VP of Chinese smartphone giant Xiaomi, as its new virtual reality chief. The announcement came just a week after Barra abruptly left Xiaomi after heading itsoverseas expansion for three and half years.
Hugo Barra (L) and Mark Zuckerberg (R). Image source: Facebook.
Prior to joining Xiaomi, Barra was the VP of....More>>>
The risk-off trade is back in high gear, according to Treasury yields. The downside momentum in the benchmark 10-year yield is particularly conspicuous, based on daily data through yesterday (Apr. 5) via Treasury.gov. One theory making the rounds: the slide in the 10-year yield to 1.73% on Tuesday a five-week low is the crowd’s way of pricing in expectations that the first estimate of US....More>>>
Thanks to everyone who joined us for our special event earlier this week… It was among the most valuable we've held to date, and the early feedback from attendees has been incredibly positive. If you missed it, Porter and Stansberry Research senior analyst Bryan Beach walked attendees through their "10x Project" research… and officially unveiled our....More>>>
William Patalon III
No question, the IPO market has made a true resurgence.
True, we saw a bleak first quarter and a very quiet summer.
And the performance of newly public companies has been downright lousy: 70% of the companies that went public last year are now trading below their initial public offering price.
The buyer fatigue was palpable.
This is premium....More>>>
Markets rose slightly on Wednesday, taking the Dow and S&P 500 very close to all-time highs. The banking and energy segments were the most benefited from the recuperating oil prices, which rose more than 3.15 percent today.
The S&P 500 Index closed up 0.08 percent, with Discover Financial Services (NYSE: DFS), up 8.14 percent on its earnings, and Chesapeake Energy Corporation....More>>>