Amazon Price Target Raised To $1,250 Ahead Of Earnings At Wedbush
Wedbush analyst Michael Pachter raised his price target on Amazon.com shares to $1,250 from $900 ahead of the company’s earnings report, telling investors that he expects the company to report Q1 revenue at or above the high end of guidance and for it to show continued gross margin expansion, driven by Fulfillment by Amazon. The […]
Premarket Biotech Digest – BDX Finalizes Acquisition Deal, VNLPF Receives CRL, EYEG Files S-1
Top Pick of the Day: JNJ Johnson & Johnson (JNJ) announced results from a Phase 2 clinical trial assessing the triple combination ofOlysio (simeprevir), Achillion Pharmaceuticals’ odalasvir (formerly ACH-3102) and Janssen’s Alios BioPharma unit’s AL-335 (JNJ-4178). The results showed a 100% cure rate for six- and eight-week treatment regimens in HCV genotype 1 patients without […]
Monday Madness – Le Pen Victory Leads To All-Time Highs
Marine Le Pen is still in the running. That was supposed to be a disaster but, in fact, she is polling so far behind her remaining opponent, Emmanuel Macron, that Europe has decided not to worry about the Far Right taking over France and the Euro and the European markets are staging a massive rally this […]
E South Africa Inflation Eases As Food Prices Fall
Consumer prices in South Africa eased in March as the headline inflation rate fell to 6.1% on a year over year basis. Headline consumer prices were seen falling to a 6-month low as a result. The nation’s inflation rate was registered at 6.3% in February. Economists polled by Bloomberg were expecting to see a headline […]
Risk Is On After French Elections: What’s Next For Euro, Yen And USD?
Another election, another surprise, and another even more surprising market reaction. Marine Le Pen is advancing to the second round of French elections, to be held on May 7th. As the news that Ms. Le Pen would be advancing made its way around-the-world to start the week, markets gapped-higher and have continued to show strength. Gold […]
March 2017 CFNAI Super Index Moving Average Declined
The economy’s growth slowed based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – but economic growth remains marginally above the historical trend rate of growth. If one views the single month index to grasp what is going on – it significantly declined. Analyst Opinion of the CFNAI This Month […]
US Equity And Economic Review: The Trump Trade Is Over
On Thursday, the Conference Board released the latest leading and coincident economic indicators. There are 2 reasons there are some of my favorite statistics. First, they organize 14 economic indicators in an easy-to-understand format. Second, they have a long history of accurately predicting the overall pace of growth. A combined reading of the Conference Board’s […]
Gold Sovereigns – ‘Treasure’ Trove Found In UK – Don’t Be The Piano Owner
The gold sovereigns – semi-numismatic gold coins made up of both gold sovereigns and half gold sovereigns dating from the reigns of Victoria, Edward VII and George V – were discovered inside an old piano after it was donated to a school last year. A gold sovereign from that period is currently valued at between […]
Illinois Tool Works Inc. Boosts Outlook As Q1 Results Beat The Street
Illinois Tool Works Inc. (NYSE: ITW) early Monday posted better than expected first quarter earnings results and lifted its 2017 profit outlook, as it continues to improve margins for its products.
Hasbro’s (HAS) Q1 Earnings & Revenue Beat Estimates
Hasbro Inc. (HAS – Free Report) along with its subsidiaries, provides children’s and family leisure time products and services globally. Hasbro’s product segments comprise Games, Girls, Preschool and Boys categories. Given Hasbro’s strong product line-up, which includes its core brands, licensed brands and lucrative product associations, the company remains well positioned for future growth. Moreover, the company’s consistent […]
