Category Archive: Finance
General Electric Downgraded To Underweight At Morgan Stanley
As previously reported, Morgan Stanley analyst Nigel Coe downgraded General Electric to Underweight from Equal Weight and cut his price target on the stock to $22 from $25, citing his substantial cut to earnings expectations. Coe reduced his 2017 headline EPS estimate to $1.06 from $1.40 and also sees a higher probability of a dividend […]
GBP: Perhaps A November Hike Is Not A Sure Thing
In its latest rate decision, the Bank of England laid down heavy hints about raising the rates soon. The meeting minutes were followed by hawkish comments from Carney and a few colleagues and a November hike was penciled in. The pound also reacted quite strongly, with GBP/USD hitting a high of 1.3614. Since then, Sterling fell quite […]
V.F. Corp (VFC) Stock Gains On Q3 Earnings Beat, Rises Y/Y
V.F. Corporation’s (VFC – Free Report) third-quarter 2017 results marked its second consecutive quarter of both top and bottom-line beat. Also, earnings and sales grew year over year. The splendid quarter encouraged management to raise its outlook for full-year 2017. In fact, V.F. Corp. also announced a dividend hike last week, which further underscores management’s confidence in […]
Why Bitcoin Can Pullback From $6100 – $6800
Bitcoin continues its outstanding performance as it managed to breach the $6000 barrier this weekend, it is currently up 200% from the 07/16 low for a total rise of 500% for this year. The rally from the $1830 low is represented by 3 swings subdivided into 5 waves rally, then 3 waves pullback followed by another 5 waves. […]
Dow 500,000? We Are Already There
I genuinely admire Morgan Housel. I think he is a brilliant and talented writer. However, he sent out a tweet on Friday that really struck a chord with me. If you’re less than 50 years old and the market returns at least 5% a year on average the Dow will hit 100,000 in most of […]
Bullish U.S. Corporate Credit: The Other Side Of Tax Reform
Although many investors remain focused on the potential impact of U.S. tax reform on corporate earnings, we believe any change in tax policy can have an equally important effect on the price and supply of corporate credit. While the remainder of this piece will highlight this logic, our unambiguous takeaway is that we believe credit can […]
Deltic Timber Jumps After Agreeing To Be Bought By Larger Peer Potlatch
Shares of Deltic Timber Corporation (DEL) jumped in early trading after the company agreed to be acquired by larger peer Potlatch Corporation (PCH). The combined company is expected to have a pro-forma market cap of about $3.3B and a total enterprise value of over $4B. Potlatch confirmed this morning that it has agreed to buy […]
North American Strength Drives Halliburton Q3 Earnings
Major oilfield services provider Halliburton Company (HAL – Free Report) reported better-than-expected third quarter profit thanks to improved utilization and pricing gains in North America – the company’s largest market by sales. Halliburton’s income from continuing operation came in at 42 cents per share, above the Zacks Consensus Estimate of 38 cents – the thirteenth consecutive quarterly outperformance. Moreover, […]
Canada: Monetary And Fiscal Updates This Week
Many observers saw Canada as one of the canaries in the coal mine, warning that the divergence theme was over. The Bank of Canada did hike rates twice in Q3. The Federal Reserve did not hike at all. Isn’t that the definition of convergence? Yes and no. The Bank of Canada’s rate hikes were not the beginning […]
Seagate Technology (STX) Beats Q1 Earnings & Revenues
Seagate Technology Plc (STX – Free Report) is one of the largest manufacturers of hard disk drives (HDD) which caters to the needs of individual and small businesses. However, for the past few years the company is focusing on the larger enterprise segment, where technology upgrades and cloud-related investments are on the rise. Moreover, Seagate’s cloud-based applications have […]
