Markit Services PMI: Business Activity Growth At 21 Month High
The August US Services Purchasing Managers’ Index conducted by Markit came in at 56.0 percent, up 1.3 percent from the July estimate. The Investing.com consensus was for 56.8 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the latest press […]
Portola: Potential Launch Date For Bevyxxa And Price Announcement
Investment Overview Following approval of Bevyxxa, Portola (PTLA) stated that it expected to launch in the US in the September to November time frame. Subsequently, the Company alerted investors to a manufacturing issue that could delay the launch. During yesterday’s conference call, the Company said that it hopes to be able to launch in November, […]
Bear Of The Day: Foot Locker (FL)
Headquartered in New York City, Foot Locker (FL – Free Report) is a retailer of athletic shoes and apparel. They operate 3,363 retail stores in 23 countries in North America, Australia, New Zealand and Europe. Weak Results and Guidance Reflect Rising Challenges The company reported disappointing results for the second straight quarter. Their earnings of 62 cents per […]
Market Sentiment: Staying Light This Week, With Hurricanes And North Korea Threats
My Swing Trading Approach North Korea overnight risk creates some pause for this market and the likelihood of some kind of boiling point being reached as a result of their provocations. As a result, it is difficult to get confidently long on this market, and best practice suggests playing both sides of the trade. Indicators […]
Tesla Launch Could Be Biggest Trucking Catalyst In Decades, Says Morgan Stanley
Morgan Stanley analyst Ravi Shanker contends that Tesla’s (TSLA) promised upcoming reveal of its autonomous, electric Class 8 semi-truck could be the biggest catalyst in the trucking sector in decades. While no exact date has been announced yet, Tesla CEO Elon Musk said the reveal will come in September and Shanker thinks the NACV show […]
Consumption Exhaustion
When people use the word catalyst to describe an event that may prick the stock market bubble, they usually discuss something singular, unexpected and potentially shocking. The term “black swan” is frequently invoked to describe such an event. In reality, while such an incident may turn the market around and be the “catalyst” in investors […]
ISM Non-Manufacturing: Continued Growth In August
The Institute of Supply Management (ISM) has now released the August Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 55.3 percent, up 1.4 from 53.9 last month. Today’s number came in below the Investing.com forecast of 55.4 percent. Here is the report summary: “The NMI® registered 55.3 percent, […]
Bonds Ain’t Buying What PMIs Are Selling
US survey-based PMIs have surged to their highest levels since April 2011 in the last few months, seemingly signifying to all that the US economy is chugging along nicely and escape-velocity-driven nirvana is right around the corner. There’s just one thing… the bond market is calling bullshit! The last time this kind of decoupling happened was in […]
Firm Founders Have Moved On; Investors Should Also
This firm was once at the forefront of a new industry, but commoditization of its core product and lack of innovation has resulted in management’s attempt to re-invent the company through acquisitions. Profit growth expectations embedded in the stock price are likely unfeasible in light of current financial performance and formidable competitive challenges. We think […]
RBC Capital: 3 Hot Stock Picks To Rally In The Valley
Top RBC Capital analyst Mark Mahaney has just completed a tour of Silicon Valley’s hottest internet companies. TipRanks shows that five-star Mahaney is a top analyst to follow. As we can see here, his ranking of #14 out of 4,642 analysts is based on an impressive 74% success rate and 24.5% average return. We took this opportunity to review […]
