Trouble at the Federal Reserve?

Trouble at the Federal Reserve?

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...
Key Stocks To Watch Next Week

Key Stocks To Watch Next Week

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,...

Tesla to offer a music service?

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...

Sears To Close More Stores

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...

Bed Bath and Beyond Falls Apart After Earnings

Shares of BBBY are getting crushed. For the fiscal 2017 first quarter, the Company reported net earnings of $.53 per diluted share ($75.3 million), including an unfavorable impact of approximately $.05 from the adoption of the new share-based payment accounting...

Amazon to stream NFL

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...

Every Major Bank Passes Stress Tests!

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...

CarMax: Take a Look At This

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...

Foot Locker: Enough is Enough Here!

Enough is enough. Two weeks after doubling my stake in Foot Locker (NYSE:FL) and having a standing order to complete the entire position at $49, I opened my screeners to find the position completed today at a MUCH lower price than I wanted to pay. Folks, the stock is...
Stocks Fall Most Since Trump Election

Stocks Fall Most Since Trump Election

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...

Disney’s Beauty and The Beast Starts Strong

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...

Tesla To Stop Selling Model S

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...

New York Mortgage Trust Slashes Dividend

We have just learned that New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2017. The dividend will be...

DryShips Declares Dividend

We have learned today that DryShips Inc. (NASDAQ:DRYS), a diversified owner of ocean going cargo vessels, announced today that it will pay a regular dividend of approximately $0.017412 per common share in connection with the previously announced dividend for the...

Annaly Capital Management Declares Q1 Dividend

We have learned today that the Board of Directors of Annaly Capital Management, Inc. (NYSE:NLY) declared the first quarter 2017 common stock cash dividend of $0.30 per common share. This dividend is payable April 28, 2017, to common shareholders of record on March 31,...

Mortgage MTGE Investment Company Hikes Dividend

We just learned today that MTGE Investment Corp. (NASDAQ: MTGE) announced that its Board of Directors has declared a cash dividend of $0.45 per share of common stock for the first quarter 2017.  The dividend is payable on April 27, 2017 to common stockholders of...

Adobe Systems Reports Strong Quarter

Adobe (NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2017 ended March 3, 2017. Financial Highlights Adobe achieved record quarterly revenue of $1.68 billion in its first quarter of fiscal year 2017. Diluted earnings per share was...

SpaceX Successfully Launches the ECHOSTAR XXIII

On March 16, 2017, SpaceX’s Falcon 9 successfully delivered EchoStar XXIII, a commercial communications satellite for EchoStar Corporation, to a Geostationary Transfer Orbit (GTO).  EchoStar XXIII is a highly flexible, Ku-band broadcast satellite services (BSS)...
Snapchat Stock Falls Below $20

Snapchat Stock Falls Below $20

Snap (NYSE:SNAP) is down 4% to slip below $20 for the first time since the IPO. TheStreet.com reported earlier today that Snap could face some investor lawsuits over the high level of non-voting shares issued as part of the public launch. That’s right....
March 2017 Blizzard Grounds Flights

March 2017 Blizzard Grounds Flights

U.S. airlines have cancelled over 7K flights over the last two days due to snowstorms, according to data from FlightAware. On top of a monster storm hitting cities on the East Coast such as New York City, Washington D.C. and Philadelphia  – Chicago is forecast...

Frontier Communications: What a Disaster

Frontier Communications Corporation (NASDAQ:FTR) has been a stock that I have been following for a while. Now, for a long time, I had worries over the company’s dividend, and sure enough, it had been cut over time. Well, I am here to tell you that following the...

Halliburton To Make Major Purchase

Where have I seen this before? If you have not heard by now, Halliburton (NYSE:HAL) is reportedly close to reaching a deal to acquire Norwegian oil services company Aker Solutions or its key subsea unit. This would be a sizable purchase. Now I know what it reminds me...

Terravia Stock Set To Move After Production Improves

TerraVia Holdings (TVIA) remains a long-term speculative investment, but not one without near-term uncertainty. In the present, the company continues to walk a fine line through the balancing act of scaling production at its joint venture facility in Brazil and...
How to Save Money On A Cruise

How to Save Money On A Cruise

  So you want to know how to save money on a cruise? We scoured the web and found our best advice. Do you also need to save money on airfare? Check out our key advice. Want to rent a car and drive? Then you must check out our recommendations. 1. Never Pay the...

How to Save Money Buying A House

So, you want to know what you can do to save money buying a house? Buying a home is one of the most rewarding experiences an American consumer can have. It’s also one of the most harrowing. This isn’t exactly an everyday kind of purchase. Most people will do this two...

S&P 500 and Dow Jones Industrial Make Changes

The S&P and  Dow Jones Indices have made adjustments to the market cap definitions of its indexes that have resulted in some ticker shuffling. Effective today, the S&P 500 has a market cap guideline of $6.1B or greater (up from a previous $5.3B). In addition,...

Oil and Energy Company Leaders Fear Market

 “Efficiency” is being stressed this week by oil company leaders. They worry about how too much of a good thing could turn out bad. What were are talking about is too much production. From Exxon Mobil’s (NYSE:XOM) Darren Woods to Statoil’s...
How to Save Money on Hotels

How to Save Money on Hotels

How to Save Money on Hotels While Traveling 1. Stick to Your Budget Don’t rack up debt. To avoid this situation, first determine how much you want to spend on your vacation. Then, decide what comforts, conveniences, and other variables you desire from your...