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Navient Will Acquire Approximately $6.9 Billion In Education Loan Assets From JPMorgan Chase

Navient Will Acquire Approximately $6.9 Billion In Education Loan Assets From JPMorgan Chase

Navient (Nasdaq: NAVI), a leading asset management and business processing services firm announced today it has reached an agreement to purchase JPMorgan Chase’s (NYSE: JPM) approximately $6.9 billion education loan portfolio.  “We welcome our new customers, and we commit to delivering best-in-class support to ensure a seamless transition,” said Jack Remondi, president and CEO, Navient. “Leveraging our […]
How To Access Small-Cap Value

How To Access Small-Cap Value

Over a long period of time, many studies have come to a similar conclusion: Small-cap stocks, screened in some manner for reasonable valuation, have been very strong performers. What Does Small-Cap Value Mean? “Value” is a term that is used in different ways in the financial industry. First of all, how do you define “value”? Low price-to-earnings (P/E) ratio? […]
Rogers Communications Inc. Reports A Sharp Rise In Q1 Profit And Higher Revenue

Rogers Communications Inc. Reports A Sharp Rise In Q1 Profit And Higher Revenue

Rogers Communications Inc. (NYSE:RCI) on Tuesday reported a sharp rise in first-quarter profit and higher revenue as it boasted a surprisingly large jump in new wireless customers. By BNN.ca Rogers, Canada’s largest cable, telecommunications and media company by market share, reported that: It added 60,000 net postpaid wireless subscribers in the quarter, much more than the 34,000 […]
Act Accordingly

Act Accordingly

The textbook says that whenever the central bank raises its policy rate that means tightening. Actual experience over more than just this last lost decade demonstrates that at the very least it is much more complicated than that. There is far more evidence of monetary policy being nothing more than a response, as that reverse condition can […]
Yahoo! Posts Q1 Earnings Miss, Focuses On Verizon Merger

Yahoo! Posts Q1 Earnings Miss, Focuses On Verizon Merger

Yahoo! Inc. (YHOO – Free Report) released its 2017 first-quarter financial results, posting earnings of $0.06 per share and revenues of $834 million. Currently, Yahoo is a Zacks Rank #3 (Hold) and is up 0.36% to $47.56 per share in trading shortly after its earnings report was released. Missed earnings estimates. The company posted earnings of $0.06 […]
Newest Macro Data Is W-E-A-K!

Newest Macro Data Is W-E-A-K!

Last week two of my favorite data points came out: Payrolls & Trade. Payrolls were a huge miss. Expectations were for 180,000+, but came in almost 50% lower (at 98,000). Automatic Data Processing (ADP) – a global leader in payroll processing – predicted 263,000.  (This is a huge egg on their face. And it should tell […]
Is It Just Me, Or Was That A Nightmare?

Is It Just Me, Or Was That A Nightmare?

You know, I don’t do a lot of “that’s a wrap” or “the day that was” posts. For one thing 4:30 is beach time (and usually just the right beach weather) and for another, the last thing I want to do after staring at 3 monitors for damn near 12 hours is make a bunch […]
Goldman Asks: Are Markets Rationally, Or Irrationally, Exuberant?

Goldman Asks: Are Markets Rationally, Or Irrationally, Exuberant?

Goldman Sachs’ Charlie Himmelberg and Marty Young find evidence that “animal spirits” are driving sentiment along party lines… and that may be a concern… Sentiment indicators have rallied hard since the election of Donald Trump. The Conference Board’s Consumer Confidence Index, for example, has risen to its highest level since December 2000 (+24.8 points from October). The […]
Market Talk – Tuesday, April 18

Market Talk – Tuesday, April 18

We saw a mixed session in Japan today with the Nikkei bouncing from yesterdays lows eventually closing up +0.35% whilst the currency rejected the 107 handle last trading mid 108 level. Shanghai has lost -0.8% also watching the Hang Seng give up 1.4%. It should be no surprise that markets are feeling jittery given current […]
Who Will Beat And Who Will Miss This Season? The Biggest Expected Surprises For Q1 2017 Earnings

Who Will Beat And Who Will Miss This Season? The Biggest Expected Surprises For Q1 2017 Earnings

This week on the Estimize Roundtable, Estimize’s CEO, Leigh Drogen and SVP of Media, Christine Short, are joined by guests Jeff Macke of Macke Asset Management and Sean Udall, the CIO at Quantum Trading Strategies. With the Q1 Earnings season officially underway, we asked our guests to provide their picks for biggest expected surprises both […]