From July 16, 2014, to January 25 last year, Eaton’s (NYSE:ETN) performance relative to the Standard & Poor’s 500 Index was dismal. Subsequently, it outperformed the Index by 34.9 percentage points.
Neither date coincided with an earnings announcement or other obvious cause for dramatic change in Eaton’s relative performance. The 2014 date was 13 days before a disappointing....More>>>
Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC. Yellen testified on the topic of on ‘The Semiannual Monetary Policy Report to Congress.’ (Photo by Win McNamee/Getty Images)
All signals suggest that The Federal Reserve will increase rates this week, traders suggest there’s....More>>>
Last week, Canadas announced a suite of bills to legalize recreational marijuana use throughout Canada making good on a campaign promise. The pending legalization bills are widely expected to pass (the goal is to get the regulatory regime off the ground by July 1, 2018) with Abovethelaw.com having an article with the following good summary of the proposedrestrictions and standards:
Symantec (SYMC) reported the results of its Q2 a few days ago. The results were a small miss on EPS with in-line revenues. Managements forecast for its fiscal Q3 was for revenues and EPS below the prior consensus and for a short fall on both the earnings and revenue line for the year as a whole. Needless to say, the shares fell noticeably for the week and lost 7% for the week as a whole and as of....More>>>
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Senate Republicans Unveil Health Care Plan
The Senate’s new Better Care Reconciliation Act bill might fail, but it could still pass.
Republicans hold just 52 seats in the Senate. Senate Majority Leader Mitch McConnell is struggling to get....More>>>
Constellation Brands (NYSE:STZ), the producer of premium wine and the Corona, Modelo, & Pacifico beer brands, has strong sales momentum acting as a tailwind. The company’s focus on premium margin growth is helping to drive earnings growth. Although Constellation’s valuation has increased over the past few years, the stock is valued below its peers on a PEG and Price to Sales basis.....More>>>
That ham-and-cheese, bag of chips and diet soda you bought for lunch during work is no big deal, right? Its just $11. Nothing more than a rounding error in your personal finances.
Or is it?
Lets phrase the question another way: Is eating lunch out two times a week worth losing out on a potential investment windfall of $88,000?
Turns outthe average American forksover $11.14 twice....More>>>
Shares of casino operators have been on the rise after news broke that monthly gaming revenue in Macau increased for the first time since May of 2014, likely driven mostly by new openings. The news sent shares of Las Vegas Sands (NYSE:LVS) up 7.4%, shares of Melco Crown Entertainment (NASDAQ:MPEL) up 8.7%, shares of Wynn Resorts (NASDAQ:WYNN) up 3.4%, and shares of MGM Resorts (NYSE:MGM) up 2.9%....More>>>
When casino gambling is legalized in Japan, we’re going to see an all-out spending war among resort operators because it could become the world’s most lucrative market. And because of the potential Japan offers casino operators, the feeding frenzy they promise could also make it the most expensive gambling market in the world.
How much is too much?
The big casinos certainly....More>>>
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t: