Last week’s post on analyzing US equity value and momentum risk premia ended with a question: How much, if any, improvement should we expect by adding a dynamic system for managing exposure to these risk factors vs. a buy-and-hold strategy? What follows is a preliminary effort in searching for an answer. As a preview, the results are mixed, but this may be an artifact of a) focusing on value....More>>>
Yesterday, our Under the Radar Moversnewsletter suggested small cap Viveve Medical Inc (NASDAQ: VIVE) as a short/bearish trade:
This downtrend just firmed up with the “second wind” effort evidenced in just the past couple of trading days. After finding support for the better part of September and October, the floor finally broker in late October. A bounce started to take shape....More>>>
U.S. equities finished mostly higher on Wednesday, with large caps stronger and small caps weaker, following the Federal Reserve’s latest policy announcement.
In the end, the Dow Jones Industrial Average gained 0.5%, the S&P 500 gained a fraction, the Nasdaq Composite gained 0.2% and the Russell 2000 lost 0.6%. Treasury bonds were stronger, the dollar weakened notably, gold lost....More>>>
Fresh off a weekend visit to the "capitalist Woodstock," the annual shareholders meeting for Warren Buffetts Berkshire Hathaway
It wasn’t bad enough that Target (TGT) released disappointing guidance yesterday and promptly fell 5.8%. No. Now Goldman Sachs analyst Matthew Fassler and team have to cut the struggling big-box retailer to Sell from Neutral. They explain why:
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Our $67, 12-month price target implies 0% upside vs. 10% average upside for our coverage universe. We....More>>>
Iconix Brand Group (ICON) announced a divestiture, and a rather significant one. The company is selling its Sharper Image Brand in a $100 million deal, reducing its net debt position by roughly a tenth.
This is a surprising move after the company has gone on an acquisition spree over the past decade, resulting in elevated debt ratios and negligence of the 篓own篓 brands. This divestiture....More>>>
Jimmy Buffett has restaurants, a line of beer, adventure vacations, casinos, clothing, resorts, radio and television assets as well as salad dressings, margarita salt and spicy frozen shrimp. Up next? Retirement communities.
It was just a matter of time until the man who built an empire on Margaritaville, a song about drinking too much and bumming around in a beach town, would figure out....More>>>
Just a few weeks ago, on Feb. 14, U.S. Federal Reserve fund futures were only assigning a 13% chance of a March interest rate increase, reported MorningStar.com.
But that probability has since done an about-face.
Fed funds futures are currently pricing in a 95% probability of a rate hike this month, even if this Friday’s payrolls report comes in a bit softer than expected.
U.S. stock futures appear to be taking a breather this morning, after the major market indexes banked their second consecutive session of record highs on Friday. It will be a busy week for traders, as former FBI Director James Comey will testify this week before the Senate Intelligence Committee, the European Central Bank will hold a monetary policy meeting and U.K. election on Thursday could bring....More>>>
Stifel’s Michael Scialla and Daniel Guffey warn investors not to chase the biggest gainers among the exploration & production stocks, including Denbury Resources (DNR) and Whiting Petroleum (WLL), and instead stick with more stable fare such as Anadarko Petroleum (APC), Rice Energy (RICE), and Continental Resources (CLR). They explain:
Matthew Brow/Associated Press