The yield on the benchmark 10-year Treasury note started the week on a tear, jumping to 2.99 percent and toying with the key 3 percent level that could trigger a reaction across global financial markets.
Las Vegas Sands Corp. (NYSE: LVS) announced Thursday morning that it had sold its Bethlehem, Pennsylvania, casino for a total enterprise value of $1.3 billion to Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama.
The Sands Bethlehem cost around $800 million to build and opened in 2009 on the site of the historic Bethlehem Steel Works. The complex now comprises....More>>>
We believe that the current drop of L’Oreal (OTCPK:LRLCF) stock is a good entry point for long-term investors.
LOreal is known for its continuously strong stock and dividend. Since the company announced its first quarters results by the end of April, the stock was up 8% in two months. By the end of June, the stock fell sharply due to rumors of the sale of LOreal by Nestle (OTCPK:NSRGY).....More>>>
Clearside Biomedical, Inc. (Pending:CLSD) has a lot of potential. Someday in a distant future, the company could see 100s of millions or even billions of dollars in revenue, but if you own the stock, you already know that story. Current market cap valuation is approaching $500 million, and the stock is up over 3x the June IPO price of $7 per share. Clearly, investors are bullish on....More>>>
Shares of Innoviva (NASDAQ:INVA), a biotechnology royalty company that develops respiratory therapeutics and is perhaps best known as GlaxoSmithKline’s (NYSE:GSK) development partner for its multiple next-generation COPD and asthma products, fell as much as 11% on Thursday. The reason behind Innoviva’s bad day can be traced to a proxy battle with activist hedge....More>>>
U.S. equities drifted lower in quiet trading on Monday, an anticlimactic start to the week after Friday’s trading nearly took the Dow Jones Industrial Average over the 20,000 threshold. Although the bulls came within one point of the hurdle there was simply no follow through today.
In the end, the Dow lost 0.4%, the S&P 500 Index dropped 0.4%, the Nasdaq Composite wafted....More>>>
Many investors have argued that the absence of more robust wage growth and higher consumer prices will keep a lid on yields, but a closer look at the data show the Treasury market could be blindsided by a pick-up in wages and thus inflation, said Torsten Slok, chief international economist for Deutsche Bank.
June 5, 2017: Markets opened lower Monday following a report that several Middle East oil producing nations have cut ties with Qatar due to that country’s support for terrorism. The energy sector ended up being the best performer for the day, but that was not enough to offset poor performers like the utilities and materials sectors. WTI crude oil for July delivery settled at $47.40 a barrel,....More>>>
On Wednesday, our Elite Opportunity Pronewsletter suggestedmid cap cyber security solutions stock Fortinet Inc (NASDAQ: FTNT) as a new long term idea because:
we believe to be undervalued around current levels. And, with Trump having made cyber security a major focal point of his recent press conference, we’re convinced this is one space that has yet to really heat up under the new....More>>>
To say that Donald Trump's Cabinet is pro-oil is an understatement… It's an oil industry "dream team." Just look at the appointments of former Texas governor Rick Perry as Secretary of Energy, ExxonMobil (XOM) CEO Rex Tillerson as Secretary of State, and Montana Congressman Ryan Zinke as Secretary of the Interior. As the former Governor of Texas, Perry has....More>>>
U.S. equities drifted lower on Thursday as many of the trade dynamics we’ve seen since the election reversed. Stocks were weaker. Bonds were stronger. The dollar weakened. Gold rose. Interest rates declined.
There was no particular catalyst for the move. Just a nagging sense that many of these trades had become overextended and were vulnerable to profit-taking and short covering. In....More>>>
SAN FRANCISCO It was the body slam charge felt around the political and tech world, and it happened inMontana, where the great wealth generated from a two-decade tech boom backed a fierce campaign for U.S. Congress.
Greg Gianforte, the GOP House candidate who was cited forallegedly assaulti