Schroder Investment Management Group cut its stake in Valmont Industries (NYSE:VMI) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 689,795 shares of the industrial products company’s stock a
It hardly seems possible, but life just got a lot more complicated in Washington, D.C. The U.S. Department of Justice still insists marijuana has zero medical benefits, yet the Food and Drug Administration just approved the first drug derived from a marijuana plant.
Strategists at Bank of America Corp. (NYSE: BAC) are calling it “The Icarus Trade,” a reference to the story of the boy who ignored warnings and flew too close to the sun – and plunged to his death when his feather-and-wax wings melted from the heat.
The Bank of America prognosticators are using this tale from Greek mythology for the post-inauguration....More>>>
May 23, 2017: Markets opened higher again Tuesday but have not moved much higher as the session went on. The blue chips performed best with particular strength in financials. Tech stocks and consumer discretionaries are on track for a down finish. WTI crude oil for July delivery settled at $51.47 a barrel, up 0.7%. June gold dipped 0.5% for the day to settle at $1,255.60. Equities were headed for....More>>>
A few weeks ago I published an update piece on the Shotspotter’s (SSTI) first reported quarter as a publicly traded company. I noted that revenues and gross margins were rising significantly and I viewed debt paydown as a wise move by management. Compared to the small market capitalization the market opportunity could be in excess of $1.4 billion according to CEO Ralph Clark, comprising 1,600....More>>>
Zinc may not immediately come to mind as an important metal for the global economy, but its actually the fourth most common metal in use -trailing only iron, aluminium and copper. Thats because zinc wouldmost commonly be used as an anti-corrosion agent and for galvanization (coating of iron or steel) plus for otherindustrial purposes (e.g. used as pigments,preservatives, propellants etc). Zincwasalso....More>>>
Michael Lewis: A Warning for Index Investors From the Oakland A’s
Whats Best Investment Since 2000? Most Americans Guessed Wrong
Trump Tax Proposal to Include Estate Tax Repeal
Former Federal Reserve Board Chairman Ben Bernanke, who helped steer a flailing economy through the Great Recession into recovery, is worried about congressional proposals to unwind Dodd-Frank regulations.....More>>>
Can Twitter Inc (NYSE:TWTR) surprise investors with its Q1 earnings numbers? San Francisco, California-based Twitter Inc (NYSE:TWTR)is scheduled to report its quarterly results for Q1 2017 on Wednesday, 26th April, before markets open. Twitter is expected to come out with its latest set of earnings numbers at 7 A.M. Eastern Time, or 4 A.M. Pacific Time. While expectations from the micro-blogging....More>>>
Genworth (NYSE:GNW) has agreed to be acquired by China Oceanwide and partners for $5.43 per share. Genworth trades at a huge discount to the announced merger price because of doubt that the deal will succeed. If the merger is successful, it offers 65% upside from the current price, or approximately 130% annualized.
Genworth is currently an orphan equity with no clear shareholder base. The....More>>>
Bob Rodriguez: Trump Might Be Acting; Huge Financial Crisis Still Looming
Why Former Reagan Official Stockman Sees a Huge Trump Correction
Sen. Elizabeth Warren on Wednesday told Treasury Secretary Steve Mnuchin to “follow through” on his commitment to investigate reports that Anthony Scaramucci, while acting as a “Trump translator”....More>>>