Financial and industrial stocks are leading the way in todays market rally, with the Dow and other major equity indexes hitting new highs.
The Dow Jones Industrial Average rose almost 139 points, or 0.7%, to 20,404. The S&P 500 advanced 12 points to 2,328, a rise of 0.5%. The Nasdaq Composite Index climbed more than 30 points, or 0.53%, to almost 5,764.5.
Guggenheim’s Louise Chen and team argue that oral Relistor, which helps relieve constipation caused by the use of opioids, could be a $1 billion opportunity for Valeant Pharmaceuticals International (VRX):
After meeting with the senior management team of Progenics (PGNX) , Valeant’s partner for oral Relistor, we continue to think that this drug would be a....More>>>
Hearsay data has found that 10% of compliance risks identified by monitoring language on social and digital platforms are actually risky. The firm’s Risk Meter uses machine learning to prioritize risks it identifies based on almost 100 million annual interactions processed on the Hearsay platform, according to a statement.
“Today, supervision teams are tasked to do more than ever....More>>>
The Detroit audience for the Republican debate got noisy. Young women were dabbing behind the moderators. Protesters were hollering at Donald Trump from the cheap seats. Three people were removed from the theater by police.
The crowd for Thursday night’s GOP debate was so rowdy so loud and sometimes even disruptive that it has people asking whether debates should have audiences....More>>>
Shares of Ross Stores (ROST) spiked last week following a solid earnings report, which marked its 6th consecutive quarterly revenue and earnings beat. Shares declined a little over 1% on Friday, and I think shares look like a bargain. Like its peer TJX Companies (TJX), I believe the company is o
Almost exactly a year ago, Micron's (NASDAQ:MU) CFO, Ernie Maddock, stood up at a Citi investor conference and pre-released earnings. I was there, and the roomful was surprised - at the number and at the new found transparency. Now Micron has just completed what will be another excellent 4th quar
Shares of Ocwen Financial (NYSE:OCN), a mortgage loan and origination servicing company, imploded and fell as much as 61% on Thursday, after the Consumer Financial Protection Bureau (CFPB) sued the company and questioned the foundation of its business practices. The stock close