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JPMorgan Sees $24 As Ceiling Not Floor For GE Shares

JPMorgan Sees $24 As Ceiling Not Floor For GE Shares

In a research note titled “Preparing For The Fall: It’s Worse Than We Think.”, JPMorgan analyst C. Stephen Tusa says he remains negative on General Electric shares with a $22 price target and Underweight rating. The analyst now views $24 per share as a “ceiling as opposed to a floor prior,” and a stock in […]
Gold – Mother Of All Bullish Patterns Formed?

Gold – Mother Of All Bullish Patterns Formed?

Six years ago this week, the Power of the Pattern shared that “Gold could be flat to down for years to come!” See Why the Power of the Pattern felt this way. See Post Here   Below looks at the performance of Gold, Silver, GDX and GDXJ since the post on 9/1/11- Could the struggles of the […]
Euro Surges As Draghi Speaks, GDP Outlook Revised Up, Inflation Path Down

Euro Surges As Draghi Speaks, GDP Outlook Revised Up, Inflation Path Down

Having kept the bits about increasing QE in “size and duration” unchanged in the statement, Draghi will now try and finesse things in the press conference. “If they had removed the part of scaling up, then the euro would have become stronger, and he is trying to avoid that,” Danske Bank A/S analyst Jens Peter […]
How Will Earnings Quality Issues Impact The Company’s Share Price?

How Will Earnings Quality Issues Impact The Company’s Share Price?

Given that Gradient Analytics’ research is primarily focused on forensic accounting, this common client question falls into our sweet spot. However, the link between earnings quality concerns and share price underperformance can be difficult to assess for two reasons: Investors and sell-side analysts tend to focus their attention on the income statement, but there is […]
Missouri AG Hawley Targets Mallinckrodt’s Opioid Sales

Missouri AG Hawley Targets Mallinckrodt’s Opioid Sales

The United States has an opioid epidemic and drug manufacturers like Mallincikrodt (MNK) are right in the middle of it. Last week Missouri Attorney General Josh Hawley expanded its opioid marketing investigation to seven companies, including Mallinckrodt: Missouri Attorney General Josh Hawley continues to widen his investigation of opioid manufacturers, today announcing the issuance of […]
Bear Of The Day: Gibraltar Industries (ROCK)

Bear Of The Day: Gibraltar Industries (ROCK)

Gibraltar Industries (ROCK – Free Report) is a stock that I really like… so why would I profile it on a the Bear of the Day?  I see the stock recently beat, so this is a good opportunity to explain why it is a Zacks Rank #5 (Strong Sell) and also look forward for future opportunities.  Great Ticker Before […]
Trump’s Historic Opportunity With The Federal Reserve

Trump’s Historic Opportunity With The Federal Reserve

Today, Stanley Fischer submitted his letter of resignation from the Federal Reserve’s Board of Governors, effective next month, the second such resignation of Donald Trump’s presidency. While Fischer’s term as Vice Chairman of the Fed was set to end next year, he had the ability to serve as a governor through 2020. Along with Trump’s […]
Rise In Jobless Claims Surprises No One (Except Economists)

Rise In Jobless Claims Surprises No One (Except Economists)

Jobless claims surged higher this week, rising from 236K up to 298K in what was the largest one week increase since November 2012 in the aftermath of Superstorm Sandy.  Given the complete halt to business activity in the Houston region as a result of Hurricane Harvey, this increase should have surprised nobody.   As we noted […]
Jobless Claims Spike Most Since 2005 Amid Harvey Hangover

Jobless Claims Spike Most Since 2005 Amid Harvey Hangover

Initial jobless claims spiked 62k last week – thanks to a 51k surge in Texas – as the impact of Hurricane Harvey ripples (transitorily) through economic data. This 26% spike in claims is the largest since 2005 (and biggest absolute rise since 2012). The 298k print is the highest since April 2015. The results are among the first […]
Weekly Unemployment Claims: Up 62K, Affected By Hurricane Harvey

Weekly Unemployment Claims: Up 62K, Affected By Hurricane Harvey

Here is the opening statement from the Department of Labor: In the week ending September 2, the advance figure for seasonally adjusted initial claims was 298,000, an increase of 62,000 from the previous week’s unrevised level of 236,000. This is the highest level for initial claims since April 18, 2015 when it was 298,000. The […]