Jul 13, 2017 | Market News
Quad 7 Capital has learned today that consumer groups are urging Attorney General Jeff Sessions to block AT&T’s (T) $85B plan to buy Time Warner (TWX), saying it will lead to anticompetitive effects. Seven groups including Consumers Union and Common Cause...
Jul 8, 2017 | Market News
Auto parts retailers continued to take a hit after O’Reilly Automotive’s (NASDAQ:ORLY) Wednesday warning that Q2 same store comps came in well below guidance; during the following three days, ORLY fell 21.6% to end the week at a new 52-week low, Advance...
Jul 8, 2017 | Market News
Frack sand miners plunged in yesterday’s trading, as investors worried about a possible glut of the special sand after a major supplier announced construction of a major new plant in the Permian Basin that would use regional sand On Thursday, privately...
Jul 8, 2017 | Market News
Earlier this winter ago I came right out and said that an investment in Frontier Communications Corporation (NASDAQ:FTR) was absolutely indefensible. The stock now sits at a 52-week low. Now I will be clear and tell you that his has been a stock that I have been...
Jul 8, 2017 | Market News
A report is out today that states feed costs are going to be impacting food companies quite heavily this quarter. A prime company that is going to be impacted is Tyson Foods (NYSE:TSN). As you know when I first wrote about I discussed that it was one of the largest...
Jun 24, 2017 | Market News
Sen. Bernie Sanders, I-Vt., and his wife, Jane Sanders have hired prominent defense attorneys amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president. Politico Magazine first reported the Sanders had hired...
Jun 24, 2017 | Market News
Fed Chair Janet Yellen and New York Fed President Bill Dudley (joined by consistent hawk, Cleveland Fed President Loretta Mester) have made it clear they believe the recent slowdown in inflation is temporary. They appear ready to forge ahead with more rate hikes, with...
Jun 24, 2017 | Market News
Here is what we think you should be watching next week. Key events are scheduled for the companies listed below. Expected IPO filings: Esquire Financial (ESQ) on June 27, Avenue Therapeutics (Pending:ATXI) on June 28, Mersana Therapeutics (Pending:MRSN) on June 28,...
Jun 22, 2017 | Market News
Music industry sources say Tesla (TSLA) has had talks with all major labels about licensing a proprietary music service which would come with all of its cars, report Peter Kafka and Johana Bhuiyan at Recode. This naturally begs the question of why the automaker...
Jun 22, 2017 | Market News
Sears Holdings (SHLD) is preparing to close 20 more stores in the United States. That’s on top of 245 closings already announced, employees told Business Insider, and will bring the company’s store count down to about 1,180. The new closings come in a...
Jun 22, 2017 | Market News
Amazon (NASDAQ:AMZN) will stream Thursday night NFL games to Prime customers in the upcoming season and now seeks advertisers for $2.8M packages, according to Reuters sources. Ads would appear during the games and on Amazon’s website. Amazon paid the NFL $50M to...
Jun 22, 2017 | Market News
All 34 lenders subjected to the Fed stress tests exceeded the minimum projected capital and leverage ratios under the severely adverse scenario. It’s the third consecutive year there have been no banks failing. The results of the CCAR – in which...
Jun 22, 2017 | Analysis, Dividends
Shares of Kroger Co. (NYSE:KR) have been on watch all week. It is interesting to see the coverage. I covered it a week ago and since then there have been over a dozen opinion pieces put out. When I first started covering the name It began with a buy rating on the name...
Jun 22, 2017 | Analysis, Earnings
Carmax (NYSE:KMX) is a well-known company that operates as a retailer of used vehicles in the United States. I lifted my sell rating back in April and the stock has moved higher since then. For those that are unfamiliar, the name sells used cars, but not just to...
Mar 21, 2017 | Market News
The Dow and S&P 500 suffered their largest losses since mid-October, as market sentiment sours for the first time on Pres. Trump’s ability to accomplish the promised pro-growth policies of tax reform and stimulus. The Dow and S&P each closed with losses...
Mar 18, 2017 | Market News
Disney’s (NYSE:DIS) Beauty and the Beast is expected to score a record breaking opening weekend of $168M-$180M after earning $16.3M in Thursday night previews, the second-highest such preview figure ever for any G or PG-rated movie behind Harry Potter and the...
Mar 18, 2017 | Market News
Tesla (NASDAQ:TSLA) says it will discontinue the Model S 60 and 60D after April 16. Tesla statement: “We introduced the Model S 60 kWh battery as a more affordable option to accelerate the adoption of electric vehicles. However, most customers ended up buying an...
