The S&P 500 is up almost 14% since Trump’s election as President. That’s certainly on the high side of historical runs for the stock market over a short period of time, but not unprecedented. For example, it falls in the top 10% of 4 month returns for the market looking back over US history. However, Trump and his policies have less to do with this move than appearances might....More>>>
Shares of Tesaro (TSRO) are soaring today after the biotech company reported positive data for its treatment of ovarian cancer over the weekend. Credit Suisse analyst Alethia Young and team contend that “M&A remains in focus” for Tesaro following the data:
We are increasing our target price to $122 from $90 as we move to an M&A DCF valuation.....More>>>
Wells Fargo & Co (NYSE: WFC) shareholders were caught completely off guard by the extent of the companys fraudulent behavior related to its recent $185 million settlement, and now Wells Fargo CEO John Stumpf is getting taken to the woodshed by Senator Elizabeth Warren and others on the Senate Banking Committee.
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SAN FRANCISCO If you can come up with a tool that keeps zombie botnets from taking over your connected hairbrush, refrigerator or nanny cam, the Federal Trade Commission wants to give you $25,000.
The agency has announced a prize for whoever creates the best tool to protect consumers from security vulnerabilities in the software of connected home devices, often called The Internet of Things.....More>>>
It’s been an interesting few years for T-shirt manufacturer Delta Apparel (NYSEMKT:DLA). A huge spike in cotton prices in 2011 helped turn a near-$2 EPS in FY11 into a loss in FY12. (DLA fiscal years then ended in June; the company moved to September in 2013.) Delta managed to recover in FY13, getting EPS back over $1 – and then the company’s Soffe brand started falling apart,....More>>>
Many developing and new traders struggle with comprehending the difference between the trades that will work from the trades that will not work, so veteran trader Mike Bellafiore of SMB Capital suggests they spice up their smart trade ideas with these four extra ingredients.
Here’s what I see from my seat as the managing partner of a proprietary trading desk in NYC with underperforming....More>>>