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Valeant In ‘Wind-down Mode’ With 2017 Guide Likely To Fall Further, Says Mizuho

Valeant In ‘Wind-down Mode’ With 2017 Guide Likely To Fall Further, Says Mizuho

Mizuhoa analyst Irina Koffler said Valeant fundamentals remain weak and she expects revenue will continue to decline as the company divests assets. She thinks management will continue to guide down 2017 results, noting that Valeant said it stands to lose 19% of its 2016 revenues to generic competition in the 2017-2021 period, that it faces […]
March Rate Hike Odds Reach 100%

March Rate Hike Odds Reach 100%

Following the massive ADP employment beat (but productivity disappointment), March rate hike odds finally upticked to certainty. Fed Funds futures now imply a 100% chance that The Fed hikes next week. Up from low 20s to 100% in a month… What did The Fed see that suddenly spooked them all? Which reminds us of the WTF-est chart […]
Adidas Increases Sales & Profit Targets For 2017; To Keep Investing Heavily In U.S. & To Boost E-Commerce Effort

Adidas Increases Sales & Profit Targets For 2017; To Keep Investing Heavily In U.S. & To Boost E-Commerce Effort

Adidas increased sales and profit targets on Wednesday, sending shares in the German sportswear firm to a record high as it pledged to keep investing heavily in the key U.S. market and do more to boost e-commerce sales. BNN.ca “We are still in catch-up mode in North America,” Chief Executive Kasper Rorsted told journalists, noting that […]
Gold & Silver; Breakout Here, Bearish For Them

Gold & Silver; Breakout Here, Bearish For Them

Historically when Gold is stronger than Silver, Metals bulls have not made quality buy and hold gains. Historically when Silver is stronger than Gold, both have done pretty well from a buy and hold basis. Below looks at the Gold/Silver ratio since 2008, which reflects a very important price point could be at hand. As mentioned […]
Euro Price Action Primed For ECB: EUR/USD, EUR/JPY, EUR/GBP

Euro Price Action Primed For ECB: EUR/USD, EUR/JPY, EUR/GBP

Tomorrow brings the European Central Bank’s March rate decision to markets. No movement on rates is expected, and as has become usual for ECB meetings of recent, the primary drivers will likely emanate from the details and the verbiage offered by Mr. Mario Draghi during the accompanying press conference. The big question is the prospect […]
ADP Reports Sharply Stronger U.S Jobs Growth In February

ADP Reports Sharply Stronger U.S Jobs Growth In February

US companies added workers at a blistering pace in February, according to the ADP Employment Report. Private payrolls increased 298,000, far above the 183,000 consensus forecast via Econoday.com. The gain is the strongest monthly increase in nearly three years. Today’s update also lifted the year-over-year trend in payrolls for the second straight month. If the bullish data […]
The Stock Whisper Of The Day: BBY, DD, DOW, URBN, SPY

The Stock Whisper Of The Day: BBY, DD, DOW, URBN, SPY

Hot stocks of the day: BBY, DD, DOW, URBN, SPY Video length: 00:06:26
Today’s Focus: Yellen, Tepper, And Jobs

Today’s Focus: Yellen, Tepper, And Jobs

There are three items of note on this fine Wednesday morning. First, let’s remember that the FOMC is meeting next week. And while the market now expects Yellen & Co. to raise the Fed Funds rate target by 0.25%, traders don’t tend to make big commitments in front of important events. Next, billionaire hedge fund […]
Morgan Stanley Questions If Tesla Might Seek Partner Help To Meet Capital Needs

Morgan Stanley Questions If Tesla Might Seek Partner Help To Meet Capital Needs

Morgan Stanley Adam Jonas noted that Tesla (TSLA) has historically brought in strategic partners at important points in its history to participate in its capital formation – pointing to its prior deals with Daimler (DDAIF), Panasonic (PCRFY) and Toyota (TM) – and he wonders if Tesla, which is targeting higher spending for its launch of […]
EUR/USD Awaiting Two Big Events

EUR/USD Awaiting Two Big Events

While the week had its share of action, the two big events are yet to come: the ECB and the NFP. This keeps tension high for EUR/USD traders. Worries about Brexit hurt the pound and the Aussie stabilizes for now. Is the Fed hike already priced in? This is a question that will accompany us […]