Category Archive: Finance
Draghi Warns ECB Economic Policies May Lead To Financial Instability And Worsen Income Inequality; Stupidity Index At New High
Here’s a new one. ECB president Mario Draghi cautions that ECB policies may “lead to financial instability and worsen income inequality.” Place that warning in the “duh” category. For duh details, please consider Draghi Warns Central Banks Against ‘Blind’ Risk-Taking. Mario Draghi has warned central banks to beware of the risk that aggressive monetary easing, including […]
The Conn’s Paradox, Or The Synergy Of Awful
I wrote the following article for Institutional Investor magazine. Well, kind of. First I wrote to our clients as part of our first-quarter letter, explaining why we bought Conn’s during the quarter. I feel a little bit uneasy sharing this article, because Conn’s has a tremendous run-up since. Despite the run-up, we were buying it for new […]
Is Urban Outfitters About To Turn The Corner On Its PR Nightmare?
(Photo Credit: Mike Mozart) Six months ago Urban Outfitters (URBN) missed the Estimize earnings consensus for the third quarter in a row. The retailer was marred by controversy after showing several highly distasteful products including a Kent State sweatshirt which appeared to be covered with a blood splatter. Heading into last quarter’s earnings report contributors on […]
Avon Products, Inc. (AVP) Hoax Buyout Sends Shares Soaring; Your Move SEC
Avon Products, Inc. (NYSE:AVP) Products skyrocketed as much as 20% to $8.00 per share in Thursday’s market trading. The spike was caused by regulatory filing from a certain PTG Capital Partners indicating its intention to buy the company for $18.75 per share. The trading of the shares of Avon Products was temporarily halted. The stock closed $7.07 per […]
Bad Things In The Midwest
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 191 = 18,252 SPX + 22 = 2121.10 NAS + 69 = 5050 10 YR YLD – .04 = 2.24% OIL – .77 = 59.73 GOLD + 6.30 = 1222.40 SILV + .35 = 17.55 The Standard & Poor’s 500 Index closed at […]
Delta Air Lines Beefs Up Dividend, Announces New Buyback
Delta Air Lines, Inc. (DAL – Analyst Report) declared that its board of directors has approved a new share repurchase program worth $5 billion. Simultaneously, the airline behemoth increased its quarterly dividend by 50%. Shares of the company climbed 1.48% to $46.78 per share following the twin investor-friendly moves on the company’s part. Delta expects to return in […]
Stolper 2.0 Strikes Again: Bank Of America Stopped Out Of EURUSD Short, GBPNZD Long
Remember MacNeil Curry… …aka the second coming of Tom Stolper (even if he has a way to go to catch up to Dennis Gartman), aka the FX gift that keeps on giving? Well, he just gave another FX gift. Stopped out of €/$ short as $/CAD probes pivotal support We have been stopped out of our €/$ short […]
Rayno Life Science Stocks Move Higher: CLVS, RHHBY- ASCO Preview
Rayno Biopharmaceutical Stocks – ASCO Plays or Not Large Caps Rule Clovis Oncology (CLVS) up 16.7%, 79% YTD to $100 level! Several data CLVS Presentations for ASCO including two oral and six posters for non-small cell lung cancer and ovarian cancer. Also with a valuation of only $3.4B and three platform products in the pipeline including companion diagnostics […]
What’s Common To: AOL, Verizon, Microsoft And Undersea Cables?
Two totally different news items have caught my eyes today: Verizon to acquire AOL: “Verizon Communications Inc. (VZ) agreed to buy AOL Inc. (AOL) in a $4.4 billion deal aimed at advancing the telecom giant’s growth ambitions in mobile video and advertising.” read more at WSJ And take a look also at the following pieces here and here which […]
