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Abbott Laboratories Q1 Revenue Surges 30% As Medical Devices Lead

Abbott Laboratories Q1 Revenue Surges 30% As Medical Devices Lead

Abbott Laboratories (NYSE: ABT) early Wednesday posted much better than expected first quarter earnings results, led by huge growth in its medical devices unit that was bolstered by a recent acquisition.
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                        Best And Worst Mid Cap – Wednesday, April 19

E Best And Worst Mid Cap – Wednesday, April 19

The best mid cap sector is utilities. The top mid cap industry is technical/system software. The average score for mid cap stocks in our universe is 54.39 and the scores averaged 57.43 over the past four weeks. The average mid cap stock in our coverage is trading -16.23% below its 52 week high, 1.29% above […]
China Eases Capital Controls As Dollar Weakens

China Eases Capital Controls As Dollar Weakens

In discussing the key overnight news in an otherwise quiet session, JPM writes that “the most important headline was prob. the one concerning China loosening some currency outflow curbs” so focusing on that, Reuters, and SCMP before it, reports that after months of draconian and ever tightening capital control, China’s central bank has relaxed some of […]
Gesundheit! The VIX Is Sneezing, Will Emerging Markets “Catch Cold?”

Gesundheit! The VIX Is Sneezing, Will Emerging Markets “Catch Cold?”

A couple of weeks ago in “‘This Was Inevitable At Some Point“, we asked a simple question: is there a storm coming for emerging markets? The point was pretty simple really. EM has held up remarkably well in the face of what is supposed to be a Fed tightening cycle. Indeed, Q1 worked out quite well […]
Relocation Rates Hold Steady. Best Places For Job Seekers

Relocation Rates Hold Steady. Best Places For Job Seekers

from Challenger Gray and Christmas Relocation rates held steady in 2016 and the first quarter of 2017. While employment prospects are strong this year, it is not easy to find jobs in certain places across the country. Although the national unemployment rate fell slightly in March to 4.5 percent from 4.7, some areas fall well […]
DXY Index Stuck In Range; UK Elections Bode Well For Brexit, GBP

DXY Index Stuck In Range; UK Elections Bode Well For Brexit, GBP

Video length: 00:10:56   After a brief rally at the start of April, the US Dollar Index (DXY) finds itself swinging back lower within its consolidation, a range that has carved itself out over the past four-plus months. A lack of significant drivers on the US Dollar side of things, or rather, disappointment among US fundamental drivers, […]
Morgan Stanley Beats Earnings Estimates, BlackRock, Inc. Misses On Revenue

Morgan Stanley Beats Earnings Estimates, BlackRock, Inc. Misses On Revenue

Morgan Stanley (MS) and BlackRock (BLK) released their latest earnings reports before opening bell this morning. Morgan Stanley posted earnings of $1 per share on $9.7 billion in revenue, compared to the consensus estimates of 89 cents per share and $9.3 billion. In last year’s first quarter, the firm reported $7.8 billion in revenue and […]
GBP/USD Bullish Pennant Targeting Higher Levels

GBP/USD Bullish Pennant Targeting Higher Levels

The GBP/USD spiked heavily after UK PM Theresa May called for snap UK elections for June 8. UK PM May stated that these elections might further instill the stability in UK and would provide stability for a longer period. Traders favored UK PM’s reasoning and the GBP flew off above weekly resistance levels.  The pair […]
Morning Call For Wednesday, April 19

Morning Call For Wednesday, April 19

OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 +0.27%) this morning are up +0.27% and European stocks are up +0.37%. A 4% rally in Morgan Stanley in pre-market trading is giving banking stocks a boost after it reported Q1 revenue of $9.75 billion, higher than expectations of $9.29 billion. Energy producing stocks are higher as well […]
Oil Closes Lower On The Back Of Increased Shale Output

Oil Closes Lower On The Back Of Increased Shale Output

  On Tuesday, oil closed lower after it was reported that shale output in the U.S. had increased substantially. The OPEC deal continues to gain traction for the oil market. Forecast shows that there may be another surprise fall in the next stockpile report. WTI crude oil closed lower by 0.24 cents to $52.14. Brent […]