NRG Energy (NRG) Aims To Save $1B From Transformation Plans
NRG Energy (NRG – Free Report) has announced its ambitious transformation plan, which is aimed to save nearly $1.065 billion through recurring cost cuts and margin improvements. The plan also calls for divestment of assets in the range of $2.5–$4 billion and usage of the net proceeds to strengthen its balance sheet by repayment of a debt of […]
Congress Begins To Ask If Amazon Is Getting Too Big, Antitrust Hearing Called
Is Amazon getting too big? While that question has yet to be formally asked by the US government, on Friday we got a hint that it may be next on the agenda after the top Democrat on the House antitrust subcommittee, David Civilline, voiced concerns about Amazon’s $13.7 billion plan to buy Whole Foods Market […]
Week In Review: Stocks Rally As Earnings Season Begins
Stocks ended higher last week as earnings season kicked off and investors digested a busy week of macro data. The big bullish catalyst came from global central banks. The U.S. Fed and the European Central Bank (ECB) made dovish comments which prompted buyers to return from a 4-week hiatus. First, Janet Yellen softened her slightly […]
Macau Gaming Names Slide After Daiwa Uncovers Junket Operator Warning
Shares of several Macau gaming stocks were lower in early trading after Daiwa analyst Jamie Soo told investors that his checks uncovered that a memo was distributed to customers and key staff by “one of Macau’s largest” junket operators warning of recently heightened enforcement of anti-money laundering initiatives in both China and Macau. The junket […]
Is The Market Going To Crash Or Not: Comparing Two Perspectives
As the stock market has steadily surpassed its own record highs all summer long, two distinct personalities have emerged among investors. Bulls and Bears both have ample ammunition to deploy Optimism or the classic combo of Fear, Uncertainty, and Despair (FUD). The question is: which opinion is right, if either? To illustrate this perspective divide, […]
Callinex Mines: High Grades, Prolific Districts And Countless Catalysts
I had the chance to catch up with Max Porterfield, CEO of Callinex Mines. They’ve got a portfolio of very attractive zinc projects sporting intersections like 7.4m of 35% Zn Eq, 12.4m of 34% Zn Eq. and 19.6m of 24% Zn Eq. Those specific results were from the Big Island project that hasn’t been drilled since 1991 (huge potential). Their […]
Inflation? Where?
A lot of eyes were on Janet Yellen’s testimony in front of the Senate Banking committee last week, as investors wanted to hear more clues about a potential change in the economic and monetary policy of the Federal Reserve. People seemed to be particularly interested in finding out more about the expected rate hike pace […]
What’s Ahead For Financial Markets After U.S. Fed Chair Janet Yellen’s Testimony?
Janet Yellen’s testimony to the U.S. Congress In today’s episode of Market Week in Review, Rob Cittadini, regional director, consultant relations, chatted with Mark Eibel, director, client investment strategies, on U.S. Federal Reserve Chair Janet Yellen’s comments to the U.S. Congress earlier this week. According to Eibel, Yellen’s remarks are best understood if we take […]
