Energy was a key sector driving profits for S&P 500 index in 2017. Per the latest Earnings Trends, the index witnessed year-over-year earnings growth of 7.1% last year. However, excluding the Energy sector, the index’s earnings growth fell drastically to 4.4%.
In February, the shortest month of the year, copper, gold, and oil company Freeport-McMoRan Inc (NYSE:FCX) saw its shares tumble by nearly 20%. After a roughly 95% price gain in 2016, it was a painful reminder of years past, when Freeport-McMoRan was dealing with the aftermath of an ill-timed oil investment.
Shortly before oil prices started to fall....More>>>
Statistics Canada will be releasing manufacturing sales numbers Wednesday, March 16, 2016 at 8:30 AM ET. More specifically the numbers will show the change in total value of sales made by manufacturers since the previous month. Since manufacturers are affected by market conditions early, their change in sales values are a significant indicator of economic health.
The Q4 2016 earnings report for troubled small cap diabetes stock MannKind Corporation (NASDAQ: MNKD) is scheduled for after the market closes Thursday (March 16th). So far,MannKind Corporations novel rapid-acting inhaled insulin therapy Afrezza has been a disappointment for investors; and if that doesnt start to change, theMNKD could soon run out of money. For that reason, the Company has elevated....More>>>
When Abby Schneidermans brother was killed in a car accident, her family was crushed by grief. They were also overwhelmed by trying to get his affairs in order posthumously. In an instant, everything changed for my family, she says. We had no idea what to do, we were in a daze as so many people are. They couldnt locate certain documents or and didnt know where to turn.
A strategic mistake made six years ago by celebrity CEO Ron Johnson continues to haunt popular retailer JC Penney, as evidenced by the ongoing sluggish sales growth and store closings that have made the company smaller—a fraction of what it once was.
Meanwhile, investors have been bailing out from the company’s stock,....More>>>
For some investors, they’ve created small fortunes. For others, they’ve brought nothing but misery. For all investors, though, there’s no denying the fact that biotech stocks have kept things interesting if only because they can always supply a binary even traders can treat like a coin toss. The third quarter of 2017 isn’t going to be any different.
Our best stocks to buy now list for June is heavy on tech. That makes sense, of course. As Money Morning Director of Technology & Venture Capital Research Michael Robinson tells us, the road to wealth is paved with tech.
Our Money Morning investing and trading experts have picked four companies we like right now. Two of them have their feet in both the high-tech pharmaceuticals....More>>>
Every new generation of wireless networks delivers faster speeds and more functionality for devices. 1G brought us the very first cell phones, 2G let us text for the first time, 3G brought us online, and 4G brought us the speeds we enjoy today. But as more devices come online, 4G networks have just about reached their limit of what they’re capable of, at a time when connected devices are growing....More>>>
MannKind (NASDAQ:MNKD) investors have had an interesting week. The company announced that Mike Castagna would be the new CEO, and followed that news with an announcement of a deal to move forward on possible Afrezza sales in Brazil. Today the company announced that it has engaged a strategic partner to explore possible deals surrounding its Technosphere technology. Locust Walk will seek....More>>>
If one is to truly allege that the digital asset is little more than a massive ploy to defraud unwitting investors of their money, la Bernie Madoff, then one must admit that the entire stock market itself is one giant hustle, too.
Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.
In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox (Pending:DBX), a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after,
U.S. stock futures moved sharply higher on Monday, indicating Wall Street may extend gains seen late last week after data showed a strong increase in jobs created, but weaker-than-forecast wages. Dow futures