Category Archive: Finance
AbbVie (ABBV) Q3 Earnings Top, Revenues In Line, View Up
AbbVie Inc. (ABBV – Free Report) reported mixed results in the third quarter of 2017. The company surpassed earnings estimates, while posted in-line revenues during the period. Importantly, the company raised its long-term sales expectations of its blockbuster rheumatoid arthritis drug Humira, despite rising competition in the market. In response, shares nudged up almost 2% in pre-market trading. […]
CVS Said To Bid Over $66B To Buy Aetna As Amazon Threat Looms
Shares of Aetna (AET) are in focus in morning trading after CVS Health (CVS) reportedly made a more than $66B offer for the insurer, according to The Wall Street Journal. The report said the two sides have been in discussions about a deal for at least two months. The Aetna/CVS rumors are heating up amid […]
EC The Big Macro Play Ahead
We are about major macro turning points above all else. Of course, it is often years between these turning points or points of significant change so we are also about the here and now, and managing the trends, Old Turkey style.* Since we are all learning all the time, I have no problem admitting to […]
Technology Sector Weighting Explodes Higher
The S&P 500 Technology sector is up huge today, rallying 2.6% on a day when the S&P 500 as a whole is only marginally higher. As shown below, the sector has moved up into the stratosphere compared to its normal trading range. At this point in time, the sector is trading 3 standard deviations above […]
The Most Active Equity Options And Strikes For Midday – Friday, October 27
Top Tickers for Most Active Equity Options and Strikes for Midday, October 27: AAPL, SFLY, FB, MSFT, GE, MAT
Barnes Group (B) Lags Q3 Earnings, Tops Revenues
Barnes Group Inc. (B – Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $3.9 billion market capitalization. However, this machinery company faces risks from regulatory issues […]
Recent Stock Purchase October 2017
With four weeks of October under our collective belts it was getting time for me to pull the trigger on my monthly dividend stock buy. As I always say, there is never a perfect time to buy. You just have to look at your portfolio, see what’s missing or needs to be bulked up, look […]
Madison Square Garden Co. (MSG) Gets Love From Margate Capital
Madison Square Garden Co. (NYSE: MSG) seems to be a pretty good bet according to Samantha Greenberg of Margate Capital, who presented the stock at the Robin Hood Conference recently. Margate Capital is a $200 million fund founded last year by Greenberg, who happens to have been a former partner for the prestigious Paulson & Co. She is also one of […]
Bitcoin Trading Alert: Bitcoin Might Test All-Time High
Is Bitcoin in bubble territory? Certainly, the price pattern this year looks like an exponential one, at least locally, but there are also opposing views. In an article on CNBC, we read: [William] Bernstein is a neurologist who began writing about investing in the 1990s, soon becoming a best-selling author and drawing the admiration of legends […]
UK Retail Sales Plunge Most Since March Of 2009
Additional cracks are starting to appear in the global economy. In the UK, retail sales plunged the most in eight years. Consumers also becoming worried about falling house prices. I propose consumers should have been worried home prices did not tank long ago. Bloomberg notes that U.K. Retail Sales Plunge at Fastest Annual Pace in Eight […]
